Stock analysis based on the CAPM as a basis for making investment decisions (studies in the infrastructure sector for the 2021-2022 period)

Esi Fitriani Komara; Nugraha Nugraha; Agus Rahayu; Maya Sari; Lili A. Wibowo

doi:10.2991/978-94-6463-443-3_12

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Stock analysis based on the CAPM as a basis for making investment decisions (studies in the infrastructure sector for the 2021-2022 period)

Authors

Esi Fitriani Komara¹^{, *}, Nugraha Nugraha¹, Agus Rahayu¹, Maya Sari¹, Lili A. Wibowo¹

¹Universitas Pendidikan Indonesia, Bandung, Indonesia

^*Corresponding author. Email: esi.fk@upi.edu

Corresponding Author

Esi Fitriani Komara

Available Online 26 June 2024.

DOI: 10.2991/978-94-6463-443-3_12 How to use a DOI?
Keywords: Stock Analysis; Capital Asset Pricing Model
Abstract: One approach investor can use in choosing stocks worth investing in is the Capital Asset Pricing Model (CAPM). This study aims to analyze infrastructure sector stocks that are eligible to invest based on the CAPM for the 2021-2022 period. The population of this research is shares of infrastructure sector companies in 2021-2022. The number of samples in this study was 50 stocks, using the purposive sampling method. The data analysis technique used was a simple regression test. This study’s results show that from January 2021 to December 2022, 26 stocks were aggressive, while only 20 stocks had a significant beta value. Then, 22 stocks that generate positive excess returns (undervalue) and 20 stocks that have a linear relationship between return and risk. The criteria used to value stocks use Yohantin’s (2009) research model. So, it can be concluded that in this study, two stocks are worth investing in, namely Paramita Bangun Sarana Tbk (PBSA) and Smartfren Telecom Tbk (FREN) shares.
Copyright: © 2024 The Author(s)
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title: Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)
Series: Advances in Economics, Business and Management Research
Publication Date: 26 June 2024
ISBN: 10.2991/978-94-6463-443-3_12
ISSN: 2352-5428
DOI: 10.2991/978-94-6463-443-3_12 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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ris enw bib

TY  - CONF
AU  - Esi Fitriani Komara
AU  - Nugraha Nugraha
AU  - Agus Rahayu
AU  - Maya Sari
AU  - Lili A. Wibowo
PY  - 2024
DA  - 2024/06/26
TI  - Stock analysis based on the CAPM as a basis for making investment decisions (studies in the infrastructure sector for the 2021-2022 period)
BT  - Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)
PB  - Atlantis Press
SP  - 75
EP  - 80
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-443-3_12
DO  - 10.2991/978-94-6463-443-3_12
ID  - Komara2024
ER  -

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