Risk and Return Portfolio of Food and Beverages Companies in Ramadhan 2019
- DOI
- 10.2991/miseic-19.2019.16How to use a DOI?
- Keywords
- Ramadan effect, risk and return portfolio, food and beverages companies.
- Abstract
Ramadan Effect, one type of market anomaly, is a seasonal anomaly which shows a difference in average returns in the month of Ramadan compared to other months in one year. The phenomenon of increasing public consumption in the month of Ramadan is suspected to be a phenomenon that causes returns in Ramadan, especially in food and beverages companies different from the months outside of Ramadan. Ramadan in Indonesia has distinctive nature compared to Ramadan in other countries, namely the activity of giving each other food, so that product demand of food and beverages companies also increases. This study used the calculation of risk and returns portfolio to determine the level of risk and return portfolio of food and beverages companies during the month of Ramadan. Purposive sampling was chosen with the criteria of 3 companies that most actively moved their shares in food and beverages sector. Data analysis was explained using financial Mathematics. Based on the calculation, it was shown that PT. Indofood Sukses Makmur, Tbk (INDF) had -1.67% of return and stocks risk at 2.67%, PT. Ultrajaya Milk Industry and Trading Company, Tbk (ULTJ) had -0.19% return and 0.33% stocks risk, while PT. Siantar Top, Tbk (STTP) had 4.70% return and stocks risk at 8.31%. Calculating using portfolio calculation to minimize the risk was proven to be successful method. It showed that the individual stocks risk from the three companies could be reduced to 2.91% with positive return at 0.95%.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Achmad Kautsar AU - Nadia Asandimitra AU - RA Sista Paramita AU - Musdholifah Musdholifah AU - Ulil Hartono AU - Trias Madanika Kusumaningrum AU - Yuyum Isbanah PY - 2019/12 DA - 2019/12 TI - Risk and Return Portfolio of Food and Beverages Companies in Ramadhan 2019 BT - Proceedings of the Mathematics, Informatics, Science, and Education International Conference (MISEIC 2019) PB - Atlantis Press SP - 39 EP - 42 SN - 2352-538X UR - https://doi.org/10.2991/miseic-19.2019.16 DO - 10.2991/miseic-19.2019.16 ID - Kautsar2019/12 ER -