Balancing risk and return: A case study of Ichimoku trading in the Indonesian Sharia Stock Market
| Autor: | Dwi Tjahjo Purnomo, Sugeng Wahyudi, Harjum Muharam |
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| Jazyk: | angličtina |
| Rok vydání: | 2024 |
| Předmět: | |
| Zdroj: | Accounting, Vol 10, Iss 3, Pp 155-166 (2024) |
| Druh dokumentu: | article |
| ISSN: | 2369-7393 2369-7407 |
| DOI: | 10.5267/j.ac.2024.2.002 |
| Popis: | In line with Sharia principles, this study explores the correlation between increased returns and heightened risks, aligned with Al-Ghunm bi Al-Ghurm. Daily data from the Jakarta Islamic Index 70, spanning December 2021 to November 2023, was analysed using quantitative methods. Four key trading strategies were assessed: buy-and-hold and three Ichimoku strategies (Conservative, Moderate, and Aggressive). The results indicate the effectiveness of a moderate Ichimoku strategy because of its well-balanced approach. Despite no significant performance differences between Ichimoku's trading rules and buy-and-hold, the study emphasizes nuanced decision-making for diverse investor preferences. The insights benefited Indonesian Sharia investors, suggesting enhancements in risk mitigation techniques, and considering external factors. Enriching technical analysis and Sharia-compliant investments, this study underscores the importance of aligning financial objectives with ethical considerations, contributing to the evolving landscape of the Indonesian Sharia stock market. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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