The Prospect and Volatility of Stock Prices in Aviation Business

Ernie Hendrawaty, Rialdi Azhar and Fajrin Satria Dwi Kesumah

A chapter in Macroeconomic Risk and Growth in the Southeast Asian Countries: Insight from SEA, 2023, vol. 33B, pp 53-62 from Emerald Group Publishing Limited

Abstract: The aviation business has had a difficult time due to the COVID-19 pandemic in the past year. As a result, people worldwide are limited to travel which causes a decrease in turnover from a business in the transportation sector, particularly aviation. This condition, indeed, also affects the company’s stock price. This study examines the volatility of stock prices as an initial indication of what has happened and looks at future projections. The method used in this study is the autoregressive integrated moving average (ARIMA) in achieving research objectives. The findings found that the autoregressive combined moving average on AR1 and MA1 can show conditions based on past data and predict the projection of its volatility. The aviation business is still considered to survive with daily stock prices that are relatively positive and stable for the next upcoming period.

Keywords: ARIMA model; volatility; COVID-19 pandemic; stock prices; aviation business; financial forecasting; G0; G1; G12 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:isetez:s1571-03862023000033b004

DOI: 10.1108/S1571-03862023000033B004

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