Journal Of World Science
Vol. 1 No. 1 (2022): Journal of World Science

Study Of Performance Comparison of Sharia Shares In Indonesia And Malaysia: Sharpe, Treynor and Jensen Models

Yuni Utami (Universitas Pancasakti Tegal, Indonesia)
Victor Prasetya (STIE Assholeh, Pemalang, Indonesia)
Ragil Anwar Riyadi (STIE Assholeh, Pemalang, Indonesia)



Article Info

Publish Date
20 Jan 2022

Abstract

This study aims to analyze the differences in the performance of Islamic mutual funds using the Sharpe, Trenor and Jensen models on stock types of Islamic mutual funds in Indonesia and Malaysia for the 2017-2018 period. This research is descriptive with a quantitative approach. The sample in this study is sharia equity mutual funds in Indonesia and Malaysia in the 2017 - 2018 period. The data collection techniques used are secondary data, with analysis techniques by measuring performance with the Sharpe Trenor and Jensen models, and comparison with the average difference test technique.-average. Based on the results of the analysis of the two different tests on average, the results of differences in the performance of shariah mutual funds in Indonesia and Malaysia using the Sharpe, Trenor and Jensen models each have a significance value of 0.001 with the Sharpe model, 0.041 with the Trenor model and 0.049 with the Jansen model. This shows the level of difference in the performance of sharia mutual funds types of shares in Indonesia and Malaysia for the 2017-2018 period. And from the test results that the three methods used, the accuracy of the Sharpe model is better than the Trenor model and Jansen model.

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Journal Info

Abbrev

jws

Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance Engineering Health Professions Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Journal Of World Science is a scientific journal in the form of research and can be accessed openly. This journal is published monthly by CV Riviera Publishing. Journal of World Science provides a means for ongoing discussion of relevant issues that fall within the focus and scope of the journal ...