Comparative Analysis of The Performance of The Composite Stock Price Index (IHSG) With the Indonesian Sharia Stock Index (ISSI) During The Covid-19 Pandemic

Mikrad Mikrad; Agung Budi; Hendra Galuh Febrianto

doi:10.35870/ijmsit.v3i1.1107

Published: 2023-04-17

Comparative Analysis of The Performance of The Composite Stock Price Index (IHSG) With the Indonesian Sharia Stock Index (ISSI) During The Covid-19 Pandemic

DOI: 10.35870/ijmsit.v3i1.1107

Mikrad, Agung Budi, Hendra Galuh Febrianto

Affiliation Details

Mikrad: University of Muhammadiyah Tangerang
Agung Budi: University of Muhammadiyah Tangerang
Hendra Galuh Febrianto: University of Muhammadiyah Tangerang

Abstract

The objective of this study is to determine whether there is a difference in performance between the conventional stock index and the Islamic stock index. If the performance is different, what is the magnitude of the difference. This research is important to be done to be used as a reference and also a preference for the community to determine which investment instrument is the right one and will be profitable for them. This type of research is comparative. The method used in this study is a quantitative method with secondary data. Secondary data will be accessed through the official website. Secondary data is then processed so that it can provide the right conclusions. The results of this study indicate that there is no significant difference between the conventional stock index and the Islamic stock index in terms of Sharpe's performance. However, there is a significant difference between the conventional stock index and the Islamic stock index in terms of Treynor and Jensen's performance.

Keywords

Conventional Stocks ; Islamic Stocks ; ISSI ; JCI

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How to Cite

Mikrad, M., Budi, A., & Galuh Febrianto, H. (2023). Comparative Analysis of The Performance of The Composite Stock Price Index (IHSG) With the Indonesian Sharia Stock Index (ISSI) During The Covid-19 Pandemic. International Journal of Management Science and Information Technology, 3(1), 93-100. https://doi.org/10.35870/ijmsit.v3i1.1107

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Article Information

This article has been peer-reviewed and published in the International Journal of Management Science and Information Technology. The content is available under the terms of the Creative Commons Attribution 4.0 International License.

Issue: Vol. 3 No. 1 (2023)
Section: Articles
Published: April 17, 2023

License: CC BY 4.0
Copyright: © 2023 Authors
DOI: 10.35870/ijmsit.v3i1.1107

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Author Biographies

Mikrad

Faculty of Economics and Business

Agung Budi

Faculty of Economics and Business

Hendra Galuh Febrianto

Faculty of Economics and Business

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Published: 2023-04-17

Comparative Analysis of The Performance of The Composite Stock Price Index (IHSG) With the Indonesian Sharia Stock Index (ISSI) During The Covid-19 Pandemic