THE DETERMINANTS OF STOCK PRICE: FUNDAMENTAL AND TECHNICAL VARIABLE
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
Solid State Technology Volume: 63 Issue: 3
Abstract
Indonesia is known as a rich country in natural resources, especially in the mining sector. The
mining sector provides a high contribution to the sustainability of the country's economy and is
also a major contributor to state revenue, especially non-tax revenue. However, market
performance as measured by the mining industry's stock price is currently experiencing a
downward trend. For this reason, the purpose of this study is to examine the factors that affect
stock prices seen from the fundamental and technical approaches. Sampling was carried out by
purposive sampling method and those that met the sample selection criteria were 37 companies
engaged in the mining sector and were always listed on the Indonesia Stock Exchange (BEI)
during the 2015-2019 period. The analysis technique used in this research is panel regression.
Hypothesis testing uses the F-test and hypothesis testing uses the T-test. The results showed that
only the variable Earning Per Share (EPS) and world oil prices have an effect on stock prices.
Meanwhile, the variable Return on Assets (ROA), and Debt to Assets Ratio (DAR), and Trading
Volume Activity (TVA) have no effect on stock prices.
Description
Keywords
Fundamental, Technical, Stock Price, Earning Per Share (EPS), Return On Assets (ROA), Debt to Assets Ratio (DAR), Trading Volume Activity (TVA), World Oil Price