Authors :
Kusuma A A B; Anggono A H
Volume/Issue :
Volume 7 - 2022, Issue 3 - March
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3DEi4Im
DOI :
https://doi.org/10.5281/zenodo.6413313
Abstract :
Indonesia Stock Market is very volatile
during the pandemic and it also affected on the
portfolio performance of Kala Investama, an
investment manager company that allocates most of
the assets to stocks in Jakarta Composite Index (JCI).
The portfolio performance for the last 6 months
(January-June 2021) was inconsistent and tended to
be below JCI's net performance by a margin of -
12.71%, forcing Kala Investama had to overhaul its
investment strategy to outperform JCI and certainly
attract more investors. In this research, portfolio
management was conducted from July to November
2021 by examining each investment strategy in
portfolio to improve the net performance. This
research combined multiple technical analysis to
validate the movement of the stock price and
minimize the risk of each investment strategy.
Evaluation using Beta, Sharpe and Treynor ratio to
measure the performance of the portfolio.
Based on the investment strategy from JulyNovember 2021, Kala Investama portfolio
performance achieves the net cumulative return of
44.67%, higher than the reference index (JCI) which
is only 12.28%. It is also shown from Portfolio
Performance Measurement that our portfolio has
higher in Beta, Sharpe and Treynor ratio compared to
the index which indicates the portfolio can
outperform the market with a good portfolio
management and relatively lower risk. With good
portfolio management, it can attract more investors to
invest in Kala Investama portfolio.
Keywords :
Portfolio Management, Technical Analysis, Jakarta Composite Index
Indonesia Stock Market is very volatile
during the pandemic and it also affected on the
portfolio performance of Kala Investama, an
investment manager company that allocates most of
the assets to stocks in Jakarta Composite Index (JCI).
The portfolio performance for the last 6 months
(January-June 2021) was inconsistent and tended to
be below JCI's net performance by a margin of -
12.71%, forcing Kala Investama had to overhaul its
investment strategy to outperform JCI and certainly
attract more investors. In this research, portfolio
management was conducted from July to November
2021 by examining each investment strategy in
portfolio to improve the net performance. This
research combined multiple technical analysis to
validate the movement of the stock price and
minimize the risk of each investment strategy.
Evaluation using Beta, Sharpe and Treynor ratio to
measure the performance of the portfolio.
Based on the investment strategy from JulyNovember 2021, Kala Investama portfolio
performance achieves the net cumulative return of
44.67%, higher than the reference index (JCI) which
is only 12.28%. It is also shown from Portfolio
Performance Measurement that our portfolio has
higher in Beta, Sharpe and Treynor ratio compared to
the index which indicates the portfolio can
outperform the market with a good portfolio
management and relatively lower risk. With good
portfolio management, it can attract more investors to
invest in Kala Investama portfolio.
Keywords :
Portfolio Management, Technical Analysis, Jakarta Composite Index
