DETERMINATION OF STOCK PRICE VOLATILITY IN CHEMICAL GOODS SUB-SECTOR COMPANIES ON THE INDONESIA STOCK EXCHANGE  IN THE 2020-2023 PERIOD

Siti Zahara; Chairil Akhyar; Ristati; Zulfan

doi:10.54443/jaruda.v4i1.264

Authors

Siti Zahara Universitas Malikussaleh
Chairil Akhyar Universitas Malikussaleh
Ristati Universitas Malikussaleh
Zulfan Universitas Malikussaleh

DOI:

https://doi.org/10.54443/jaruda.v4i1.264

Keywords:

Current Ratio, Return On Asset, Inflation, Interest Rate, Stock Price Volatility

Abstract

This study aims to analyze the effect of financial and macroeconomic variables on stock price volatility in chemical sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020-2023 period. The population in this study were chemical sub-sector companies listed on the Indonesia Stock Exchange for the 2020-2023 period. The research sample was 15 chemical sub-sector companies obtained using purposive sampling technique. The data collection technique used was documentation. Data analysis was carried out using panel data regression analysis technique using E-views. The results of the study showed that partially the current ratio variable did not have a negative and insignificant effect on stock price volatility. Return on assets, inflation and interest rates did not have a positive and insignificant effect on stock price volatility in chemical sub-sector companies listed on the Indonesia Stock Exchange for the 2020-2023 period.

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