The analysis of world's oil price movement to the volatility of indonesian natural resources commodities stock price within period of march 2007 until the first quarter of 2008
This thesis research has a purpose to investigate how oil price fluctuations or movements give affects to the Indonesian natural resources commodities stock price that occurred between March 2007 until the next first quarter of 2008. As we have known that since 2003 the oil price rise so high until it reach more than $110/barrel by the midst of March 2008. Of course it will definitely influence any aspects in world's economic. One of the aspects is the hardcore natural resources commodity stock price in Indonesia. With the risen of oil price, the stock of natural resources commodities are definitely rises also. This study intends to prove these impacts.rnrnThe methodology of this research focuses examining ahead the impact world's oil price fluctuation on Indonesian hardcore commodities stock price. The author will focuses on the oil price and commodities stock price time frame between March 2007 and the end of March 2008. Even though, author will also take some research data starts from January 2007. The testing was made through some technical and fundamental analysis. Some technical analysis approaches such as (1) simple linear regression model, (2) descriptive statistics, and (3) one sample test (t-test & Z-test) will be used in this research. Furthermore, in fundamental analysis, author will analyze the situation taken from the ROA, ROE and PER of those companies that relates to the two components of this research. As there has been major global oil price hikes between 2003 and present day, it is therefore significant to test how this affects the Indonesian economy especially in hard commodities stock price.
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