Comparative performance analysis of bitcoin cryptocurrency, stocks and gold as investments alternative

Darmawan, Surya and Fadilatunnisa, Indah (2023) Comparative performance analysis of bitcoin cryptocurrency, stocks and gold as investments alternative. Journal of Business and Information Systems, 5 (2). pp. 234-246. ISSN 2685-2543

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Abstract

Data from the Indonesian Central Securities Depository (KSEI) indicates that increased access and technological knowledge have led to a rise in capital market investment. This analysis compares the performance of gold, equities, and bitcoin to assist investors in making wise decisions. The sample is made up of 192 data points, representing the monthly closing prices for these three assets from January 1, 2018, to April 30, 2023. Findings indicate that there is no discernible return difference between LQ45 stock, UBS gold, and Bitcoin. These three assets, however, vary significantly in terms of risk. Significant variations are also shown by performance estimates utilizing the Treynor, Jensen, and Sharpe techniques. The analysis indicates that the best stock for investors to buy is LQ45. Keywords: Cryptocurrency bitcoin, Gold, Investment decision, Stocks.

Item Type:	Article
Subjects:	H Social Sciences > HG Finance
Divisions:	Fakultas Ekonomi dan Bisnis > S1 Manajemen
Depositing User:	Drs. Surya Darmawan, M.M
Date Deposited:	09 Mar 2024 05:15
Last Modified:	09 Mar 2024 05:27
URI:	http://eprints.uty.ac.id/id/eprint/15055

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