Volatility of Jakarta Islamic Index. This study investigates the
volatility of Jakarta Islamic Index (JII) in Jakarta Stock Exchange. The method
that used in this research is used a simple statistical analysis. The normality
of JII return is analyzed to answer whether the return of JII follows normal
distribution. By using data of Jakarta Islamic Index from 2nd March 2009
to 30th October 2013 (1122 daily data), it is found that the distribution of
return of JII is not normal, even the 5 sigma occurred. This means the return
of Jakarta Islamic Index is much volatile than the theory predicted. This will
make too much gain or loss in one day in the economy.
Real Time Impact Factor:
1.33333
Author Name: Hendri Tanjung
URL: View PDF
Keywords: Volatility; normal distribution; Jakarta Islamic Index
ISSN: 2087-135X
EISSN: 2407-8654
EOI/DOI:
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