Jurnal INTECH Teknik Industri Universitas Serang Raya
Vol. 8 No. 2 (2022): Desember

Investing in Mutual Funds Before and During the Covid-19 Pandemic: An Analysis using Markov Chain

Danang Setiawan (Universitas Islam Indonesia)
Hafizh Nur Novriansyah (Universitas Islam Indonesia)

Article Info

Publish Date
23 Oct 2022

Abstract

Indonesian people's interest in stocks and mutual funds is still low compared to other investment instruments. This study aims to evaluate the performance of mutual funds in Indonesia before and during the COVID-19 pandemic. Markov chain is used to assess the performance of each type of mutual fund because of its accuracy and suitability for data showing volatility. The results showed that all types of mutual funds experienced an increase with a probability of more than 50% in the long term. Money market mutual funds, both Islamic and conventional, have the highest probability of increasing by more than 90%. The first passage time can indicate how much price volatility is, wherein in this study, stock mutual funds and sharia stock mutual funds have high volatility. Before conducting further technical analysis, the Markov chain can be used to choose the type of mutual fund that is anticipated to increase.

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Journal Info
Jurnal INTECH Teknik Industri Universitas Serang Raya
Website

Abbrev

INTECH

Publisher

Universitas Serang Raya

Subject

Decision Sciences, Operations Research & Management Engineering Industrial & Manufacturing Engineering Mechanical Engineering Transportation

Description

Jurnal INTECH Teknik Industri Universitas Serang Raya, dengan nomor terdaftar ISSN 2407-781X (Print) dan 2655-2655 (online) adalah jurnal ilmiah yang diterbitkan oleh Program Sudi Teknik Industri, Fakultas Teknik, Universitas Serang Raya. Jurnal ini bertujuan untuk mempublikasikan hasil penelitian ...