How Fundamental Analysis and Technical Analysis Determining the Stock Price: Case Study of Mining Company Listed on the Indonesia Stock Exchange

Muhammad Bayu Aji Sumantri, H. Yudawisastra, Ridho C. Handanu
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Abstract

This study aims to determine the magnitude of the influence of fundamental analysis and technical analysis of stock prices. Fundamental analysis in research is measured using price earnings ratio (PER). Technical analysis in research is measured using trading frequency and trading volume. The stock price in the study is measured using the closing price at the end of the year. The study used data of mining sector companies in Kompas 100 index which listed in Bursa Efek Indonesia (BEI) year 2013-2015 as many as 10 company samples taken by using nonprobability purposive sampling method. The method of analysis used in this research is multiple linear regression analysis. The conclusion of the hypothesis is done by observing the coefficient of determination and regression, taking into account the significant test result that is T-Test and F-Test 5 percent significance level, performing classical assumption test such The result of the research shows that the variable of fundamental analysis which is calculated using price earnings ratio indicator does not have an effect on stock price, technical analysis variable with trade frequency indicator and trading volume influence to stock price, and fundamental analysis and technical analysis have influence to stock price.
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基本面分析和技术分析如何决定股票价格:以印尼证券交易所上市矿业公司为例
本研究旨在确定基本分析和技术分析对股票价格的影响程度。研究中的基本面分析使用市盈率(PER)来衡量。研究中的技术分析是用交易频率和交易量来衡量的。研究中的股票价格是用年底的收盘价来衡量的。本研究采用2013-2015年在印尼证券交易所(BEI)上市的Kompas 100指数中矿业公司的数据,采用非概率目的抽样方法抽取了多达10家公司样本。本研究使用的分析方法是多元线性回归分析。假设的结论是通过观察决定系数和回归,考虑到显著性检验结果是t检验和f检验5%显著性水平,进行经典假设检验。研究结果表明,使用市盈率指标计算的基本面分析变量对股价没有影响。技术分析变量与交易频率指标和交易量对股价有影响,基本面分析和技术分析对股价有影响。
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