SELEKSI SAHAM DENGAN MODEL CAPITAL ASSET PRICING MODEL (CAPM)
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Abstract
This research was motivated by the Covid-19 pandemic, where the pandemic had a
major influence on the condition of the Indonesian capital market. Investors are
very careful in deciding investments from the possibilities they will face. The
purpose of this research is to select efficient property and consumer good stocks
during the COVID-19 pandemic by using the Capital Asset Pricing Model. This
study uses a descriptive quantitative approach. The sample used is the monthly
shares of the largest property companies in Indonesia and food and beverage
companies in the 2016 - 2020 period. The data used in this study is secondary data
taken from the Indonesia Stock Exchange and Bank Indonesia. The results of this
study indicate that the 8 companies studied, 1 company is in an efficient condition
and 7 companies are in an inefficient condition. Investment decisions that must be
taken during a pandemic require accuracy, sufficient knowledge, experience and
business instincts from investors in deciding which shares to buy, to sell, and to
hold.
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