ANALISIS KINERJA PORTOFOLIO SAHAM SEKTOR FARMASI SAAT PANDEMI COVID-19
Keywords:
Momentum Strategy, Stocks, Portfolio, Abnormal Return, Covid-19Abstract
The purpose of this research is to examine the performance of a stock’s portfolio using the favorite strategy from Indonesian investor, Momentum invest strategy in examining a momentum that happened because of the Covid-19 pandemik. Sample from this research are using 5 different stocks that have abnormal return throughout Covid-19 pandemik that happen in Indonesia. Portfolio sampling test from 6 months before the Covid-19 pandemik being announced and 6 months after the Covid-19 pandemik being announced. The methods that been used are Abnormal Return, Index Sharpe, and also t-Test: Paired two Sample for Means in regards to validate the comparison. There are 2 sets of stock portfolios, consist of portfolio in 2 periods: (1) Formation period and (2) ownership period to test the momentum that happened. The outcome of this research is to prove that there is momentum in investment and possibility of using the momentum strategy when particular event, the Covid-19 pandemik announcement, happened in Indonesia Stock Exchange.
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