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.
| Published in | International Journal of Economics, Finance and Management Sciences (Volume 2, Issue 2) |
| DOI | 10.11648/j.ijefm.20140202.14 |
| Page(s) | 138-142 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2014. Published by Science Publishing Group |
Jakarta Composite Index, Jakarta Stock Exchange, Temporal Probability Density Function, Dynamic Trend
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APA Style
Pasrun Adam, La Gubu, Edi Cahyono Cahyono. (2014). Statistical Characteristics of Jakarta Composite Index (JCI) Dynamics based on Short Term Data Represented in Candles. International Journal of Economics, Finance and Management Sciences, 2(2), 138-142. https://doi.org/10.11648/j.ijefm.20140202.14
ACS Style
Pasrun Adam; La Gubu; Edi Cahyono Cahyono. Statistical Characteristics of Jakarta Composite Index (JCI) Dynamics based on Short Term Data Represented in Candles. Int. J. Econ. Finance Manag. Sci. 2014, 2(2), 138-142. doi: 10.11648/j.ijefm.20140202.14
AMA Style
Pasrun Adam, La Gubu, Edi Cahyono Cahyono. Statistical Characteristics of Jakarta Composite Index (JCI) Dynamics based on Short Term Data Represented in Candles. Int J Econ Finance Manag Sci. 2014;2(2):138-142. doi: 10.11648/j.ijefm.20140202.14
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Download@article{10.11648/j.ijefm.20140202.14,
author = {Pasrun Adam and La Gubu and Edi Cahyono Cahyono},
title = {Statistical Characteristics of Jakarta Composite Index (JCI) Dynamics based on Short Term Data Represented in Candles},
journal = {International Journal of Economics, Finance and Management Sciences},
volume = {2},
number = {2},
pages = {138-142},
doi = {10.11648/j.ijefm.20140202.14},
url = {https://doi.org/10.11648/j.ijefm.20140202.14},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20140202.14},
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.},
year = {2014}
}
TY - JOUR T1 - Statistical Characteristics of Jakarta Composite Index (JCI) Dynamics based on Short Term Data Represented in Candles AU - Pasrun Adam AU - La Gubu AU - Edi Cahyono Cahyono Y1 - 2014/03/20 PY - 2014 N1 - https://doi.org/10.11648/j.ijefm.20140202.14 DO - 10.11648/j.ijefm.20140202.14 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 138 EP - 142 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20140202.14 AB - 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. VL - 2 IS - 2 ER -
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