COMPARATIVE ANALYSIS OF SHARIA AND CONVENTIONAL STOCK PERFORMANCE LCOMPARATIVE ANALYSIS OF SHARIA AND CONVENTIONAL STOCK PERFORMANCE LISTED ON INDONESIA STOCK EXCHANGE IN 2016-2018ISTED ON INDONESIA STOCK EXCHANGE IN 2016-2018

Yudanto Adi Nuraindra, Study Program of Accounting, Yogyakarta State University, Indonesia
Muhammad Andryzal Fajar, Teaching Staff of Accounting Faculty Economy Yogyakarta State University, Indonesia

Abstract


The purpose of this study is to compare the performance between sharia stock and conventional stock. The sample of this study are 30 sharia stock and 30 conventional stock. Sample were taken using purposive sampling technique. The analytical method used if the data is normally distributed using the Independent Sample T-test, if the data is not normally distributed then uses the Mann Whitney U-test. The results of this study indicate that stock return measurement and sharpe index and treynor index have significant differences only in 2016, whereas in 2017 and 2018 there are no significant differences. The measurement using the Jensen index shows that there are significant differences in 2016 and 2017, where in 2018 there were no significant differences.

 

Keyword: Stock Performance, Stock Return, Sharpe Index, Treynor Index, Jensen Index


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