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ANALISIS PENGUKURAN KINERJA REKSA DANA SAHAM DENGAN METODE RISK-ADJUSTED RETURN DI BURSA EFEK INDONESIA PERIODE 2011-2013
No full textANALISIS PENGUKURAN KINERJA REKSA DANA SAHAM DENGAN METODE RISK-ADJUSTED RETURN DI BURSA EFEK INDONESIA PERIODE 2011-2013
Oleh :
Datu Pinastiko Adi
NIM. 10408144025
ABSTRAK
Penelitian ini bertujuan untuk mengetahui kinerja Reksa Dana saham berdasarkan Risk-Adjusted Return dengan metode Sharpe, Treynor, Jensen, (M-Square) dan Information Ratio serta mengetahui perbandingan kinerja Reksa Dana saham dengan kinerja benchmark pada periode penelitian.
Desain penelitian ini adalah deskriptif kuantitatif. Populasi penelitian meliputi seluruh Reksa Dana saham yang terdaftar dan aktif pada Bursa Efek Indonesia sampai tanggal 27 Desember 2013 yang berjumlah 150 Reksa Dana saham. Teknik pengambilan sampel menggunakan teknik purposive sampling dan diperoleh 52 Reksa Dana saham sebagai sampel penelitian. Variabel dalam penelitian ini adalah return Reksa Dana saham, return pasar, dan keuntungan bebas risiko. Metode analisis data menggunakan metode Sharpe, Treynor, Jensen, (M-Square) dan Information Ratio.
Berdasarkan hasil analisis data menggunakan metode Sharpe dan Treynor menunjukkan hasil yang sama, pada tahun 2011 terdapat 20 Reksa Dana saham dengan kinerja positif. Pada tahun 2012 terdapat 42 Reksa Dana saham dengan kinerja positif dan pada tahun 2013 terdapat 6 Reksa Dana saham dengan kinerja positif. Menurut metode Jensen dengan benchmark IHSG pada tahun 2011 terdapat 19 Reksa Dana saham dengan kinerja positif. Pada tahun 2012 terdapat 12 Reksa Dana saham dengan kinerja positif dan pada tahun 2013 terdapat 19 Reksa Dana saham dengan kinerja positif. Menurut metode (M-Square) dengan benchmark IHSG pada tahun 2011 terdapat 19 Reksa Dana saham dengan kinerja positif. Pada tahun 2012 terdapat 12 Reksa Dana saham dengan kinerja positif dan pada tahun 2013 terdapat 23 Reksa Dana saham dengan kinerja positif. Menurut metode Information Ratio dengan benchmark IHSG pada tahun 2011 terdapat 19 Reksa Dana saham dengan kinerja postitif. Pada tahun 2012 terdapat 12 Reksa Dana saham dengan kinerja positif dan pada tahun 2013 terdapat 19 Reksa Dana saham dengan kinerja positif. Berdasarkan hasil perbandingan kinerja Reksa Dana saham dengan benchmark pada tahun 2011 terdapat 18 Reksa Dana saham yang memiliki kinerja di atas pasar (outperform). Pada tahun 2012 terdapat 13 Reksa Dana saham yang memiliki kinerja di atas pasar (outperform) dan pada tahun 2013 terdapat 16 Reksa Dana saham yang memiliki kinerja di atas pasar (outperform)
ANALISIS PENGUKURAN KINERJA REKSA DANA SAHAM DENGAN METODE RISK-ADJUSTED RETURN DI BURSA EFEK INDONESIAPERIODE TAHUN 2011-2013
No full textThis study aimed to investigate the performances of the equity funds based on Risk-Adjusted Return using Sharpe, Treynor, Jensen, M^2and Information Ratio methods along with comparison between the performances of the equity funds and benchmark performance in research periods. The data analysis methods were Sharpe, Treynor, Jensen, M^2and Information Ratio methods. The data analysis using Sharpe and Treynor methods produced the same results; In 2011 there are 20 equity funds with positive performances. In 2012 there are 42 equity funds with positive performance, and in 2013 6 equity funds with positive performance. According to Jensen method, in 2011 there are 19 equity funds with positive performance. In 2012 there are 12 equity funds with positive performances. Meanwhile, in 2013 19 equity funds with positive performance. According to M^2 method, in 2011 there are 19 equity funds with positive performance. In 2012 there are 12 equiy funds with positive perfomance. Meanwhile, in 2013 23 equity funds with positive performance. According to Information Ratio method, in 2011 there are 19 equity funds with positive performance. In 2012 there are 12 equity funds with positive performance. Meanwhile, in 2013 19 equity funds with positive performance. The results of the comparison between the performances of the equity funds to benchmark show that in 2011, 18 equity funds had performances above the benchmark performance (outperform), in 2012, 13 equity funds had performances above the benchmark performance (outperform). Meanwhile, in 2013 there are 16 equity funds had performance above the benchmark performance (outperform).
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
koamabayili/VECTRON-author-checklist: VECTRON author checklist
No full textWe have done our best to complete the author checklist relating to the use of animals in the hut study. Note that the objective for the hut study was to evaluate the IRS treatment applications for residual efficacy against Anopheles mosquitoes, including the local An. coluzzii mosquito population. Cows were only used to attract mosquitoes into the huts and no tests were carried out directly on the cows. The author checklist is intended for use with studies where experiments are carried out on animals, which is why we have had such difficulty in completing this for the hut study, as many of the questions do not relate to how the cows were used
Author-wise bibliometric analysis based on entropy.
No full textAuthor-wise bibliometric analysis based on entropy.</p
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