Statistical Characteristics of Jakarta Composite Index (JCI) Dynamics based on Short Term Data Represented in Candles
International Journal of Economics, Finance and Management Sciences
Volume 2, Issue 2, April 2014, Pages: 138-142
Received: Feb. 22, 2014; Published: Mar. 20, 2014
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Authors
Pasrun Adam, Dept. Mathematics FMIPA Univ. Halu Oleo, Kendari, Indonesia; Graduate Program of Economics Univ. Halu Oleo, Kendari, Indonesia
La Gubu, Dept. Mathematics FMIPA Univ. Halu Oleo, Kendari, Indonesia
Edi Cahyono Cahyono, Dept. Mathematics FMIPA Univ. Halu Oleo, Kendari, Indonesia; Graduate Program Univ. Halu Oleo, Kendari, Indonesia
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Abstract
This paper presents the dynamics of Jakarta Composite Index (JCI) where the data were observed daily from January 2008 to October 2012. The data are presented in candle forms, as often used in online trading software. Statistical analysis on the average and the variance is applied on every month candle representations. The average and the standard deviation may vary on each candle, meaning that they depend on time. The average that depends on time indicates a trend of the dynamics. On the other hand, the average and the standard deviation yield the so-called probability density function (pdf) which depends on time called temporal-pdf (t-pdf). The trend and the probability of the dynamics of JCI are implicitly represented in the t-pdf. The t-pdf of the dynamics of JCI is the main concern of this paper. Understanding the t-pdf will help investors deal with the dynamics of JCI.
Keywords
Jakarta Composite Index, Jakarta Stock Exchange, Temporal Probability Density Function, Dynamic Trend
To cite this article
Pasrun Adam, La Gubu, Edi Cahyono Cahyono, Statistical Characteristics of Jakarta Composite Index (JCI) Dynamics based on Short Term Data Represented in Candles, International Journal of Economics, Finance and Management Sciences. Vol. 2, No. 2, 2014, pp. 138-142. doi: 10.11648/j.ijefm.20140202.14
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