FACTORS AFFECTING THE PROPERTY AND REAL ESTATE SECTOR STOCK RETURN

Abstract

The success of an investor is seen from the growth of returns resulting from the effectiveness of the capital invested in the stock market. For this reason, investors must be able to analyze economic conditions that have an impact on stock returns. Analysis of macro and micro economic conditions, as well as technical analysis is important to obtain optimal returns. In this study, researchers want to observe and test whether the rupiah exchange rate, which is one of the macroeconomic indicators, has an effect on stock returns in the property and real estate sectors. It also examines the influence of company fundamentals such as the Debt to Equity Ratio (DER), Return on Equity (ROE), Current Ratio (CR), and the value of Tobin's Q on stock returns. In addition to fundamental analysis, researchers also include technical analysis variables, namely stock price trends, to see whether these variables affect stock returns. The research used multiple linear regression method. The results of this study currency exchange rates have a positive effect on stock returns, while the Current Ratio has a negative effect on stock returns. The stock price trend which is a technical analysis is the most influential variable on stock returns.