ANALISIS HUBUNGAN VOLATILITAS SAHAM BUKA, BRIS, KAEF, HMSP LQ45 DAN INDIKATOR PERTUMBUHAN EKONOMI NASIONAL

Abstract

Penelitian ini bertujuan untuk menganalisis hubungan antara volatilitas saham
perusahaan dalam indeks LQ45 (BUKA, BRIS, KAEF, HMSP) dan indikator
pertumbuhan ekonomi nasional, seperti PDB, inflasi, suku bunga, dan nilai
tukar Rupiah. Dengan menggunakan pendekatan kuantitatif dan data
sekunder periode 2016–2023, penelitian ini mengevaluasi pengaruh dinamika
pasar modal terhadap stabilitas ekonomi domestik. Hasil penelitian
menunjukkan bahwa saham-saham ini memiliki karakteristik volatilitas yang
berbeda. Saham BRIS menunjukkan volatilitas tertinggi, sedangkan saham
BUKA memiliki volatilitas paling rendah. Volatilitas saham secara signifikan
dipengaruhi oleh perubahan suku bunga dan nilai tukar, serta kondisi ekonomi
global. Temuan ini memberikan wawasan penting bagi investor dan pembuat
kebijakan dalam menyusun strategi investasi dan kebijakan ekonomi yang
adaptif terhadap kondisi pasar.

This research aims to analyze the relationship between the volatility of
company shares in the LQ45 index (BUKA, BRIS, KAEF, HMSP) and indicators
of national economic growth, such as GDP, inflation, interest rates and the
Rupiah exchange rate. Using a quantitative approach and secondary data for
the 2016–2023 period, this research evaluates the influence of capital market
dynamics on domestic economic stability. The research results show that
these stocks have different volatility characteristics. BRIS shares show the
highest volatility, while BUKA shares have the lowest volatility. Stock volatility
is significantly influenced by changes in interest rates and exchange rates, as
well as global economic conditions. These findings provide important insights
for investors and policy makers in developing investment strategies and
economic policies that are adaptive to market conditions.