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A Testing of Efficient Markets Hypothesis in Indonesia Stock Market

48 citations0/0 files storedProcedia - Social and Behavioral Sciences

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Financial Markets and Investment Strategies Financial Analysis and Corporate Governance Stock Market Forecasting Methods

Abstract

This research's objective is to see market efficiency form on Indonesia stocks market. Using daily stocks price data gathered from LQ45 Index, Jakarta Islamic Index (JII), and Kompas 100 Index during the periods of 2013 until 2014. Statistical test using run test and serial correlation test to examine weak form efficiency. The result findings showing that Indonesia stock market has been categorized as weak form efficiency. The statistical testing was done and the result are: 1) the daily stocks price movement is random walk, 2) the stock price movement has no correlation between the present day and the previous day.

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2017EKSPLORASI TINGKAT EFISIENSI PASAR MODAL INDONESIA STUDI KASUS DI BURSA EFEK INDONESIA 2020Efficiency of Asean-5 Markets: An Detrended Fluctuation Analysis 2022Islamic Bank Merger and Economic Crisis: Event Study Analysi

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