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Efficient Market Hypothesis in Indonesia by lhusywtgvlsrtbjrmw is a document available to read on EtoBox.

What is Efficient Market Hypothesis in Indonesia about?

The document tests the efficient market hypothesis in the Indonesian stock market using serial correlation and Multifactor Arbitrage Pricing Theory. Results indicate that the market is neither weak form nor semi-strong form efficient, allowing investors to achieve abnormal returns through technical and fundamental analysis. The study also identifies macroeconomic factors such as the JCI, oil price, inflation rate, and foreign exchange rate as collectively possessing predictive power over stock returns.

Author

lhusywtgvlsrtbjrmw

Language

EN