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 and Lili A. Wibowo
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Esi Fitriani Komara: Universitas Pendidikan Indonesia
Nugraha Nugraha: Universitas Pendidikan Indonesia
Agus Rahayu: Universitas Pendidikan Indonesia
Maya Sari: Universitas Pendidikan Indonesia
Lili A. Wibowo: Universitas Pendidikan Indonesia

A chapter in Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023), 2024, pp 75-80 from Springer

Abstract: 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.

Keywords: Stock Analysis; Capital Asset Pricing Model (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-443-3_12

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

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