Institutional Repository | Satya Wacana Christian University: Bukti Baru Monday Effect di Bursa Efek Indonesia
Lampiran 1
Deskripsi Statistik
Descriptive Statistics
N
Statistic
Minimum Maximum
Statistic
Statistic
Mean
Std. Deviation
Statistic
Statistic
Skewness
Kurtosis
Statistic Std. Error Statistic Std. Error
RitIHSG
491
-,08840
,04741 6,5309572E-4
,01101955
-1.408
.110 11.801
.220
RitLQ45
493
-,10078
,05297 6,0710406E-4
,01263733
-1.231
.110 10.812
.220
RitKOMPAS100
489
-,09610
,05113 5,8415828E-4
,01213401
-1.271
.110 10.772
.220
,27147583
7.053
.022 47.777
.044
BAS LQ45 2012
12297 6,30000E-4
2,00000
,0470178
Bid Volume LQ45 2012
12297
0
6.E8 3,517,799.91 14,924,302.645 18.791
.022 493.997
.044
Offer Volume LQ45 2012
12297
0
1.E9 16,678,308.04
1.090E8
8.896
.022 84.297
.044
Trading Volume
12297
0
1.E9 30,581,248.72 71,800,731.675
7.460
.022 82.986
.044
Lampiran 2
Distribusi Data
Frequencies
Statistics
RitIHSG
N
Valid
491
Missing
Mean
0
6,5309572E-4
Median
,0011200
Std. Deviation
,01101955
Variance
.000
Statistics
RitLQ45
N
Valid
493
Missing
Mean
0
6,0710406E-4
Median
,0012144
Std. Deviation
,01263733
Variance
.000
Statistics
RitKOMPAS100
N Valid
Missing
Mean
Median
Std. Deviation
489
0
5,8415828E-4
,0011066
,01213401
Variance
.000
Statistics
BAS
N
Valid
12297
Missing
0
Mean
,0470178
Median
,0080300
Std. Deviation
,27147583
Variance
.074
Statistics
TradingVolume LQ45
N
Valid
12297
Missing
0
Mean
30,581,248.72
Median
10,355,000.00
Std. Deviation
71,800,731.675
Variance
5.155E15
Statistics
BidVolumeLQ452012
N
Valid
Missing
Mean
Median
Std. Deviation
Variance
12297
0
3,517,799.91
636,000.00
14,924,302.645
2.227E14
Statistics
OfferVolumeLQ452012
N
Valid
Missing
Mean
Median
Std. Deviation
Variance
12297
0
16,678,308.04
770,000.00
1.090E8
1.189E16
Lampiran 3
Output Hipotesis Day of the week effect (H1A)
IHSG
Descriptive
N
Mean
Std. Deviation
Std. Error
Minimum Maximum
Monday
96
-,0020410
,01122967
,00114612
-,05620
,02366
Tuesday
99
,0012483
,01008255
,00101333
-,02880
,04741
Wednesday 101
,0033262
,00981279 9,76408704E-4
-,01960
,03414
Thursday
98 -6,6051020E-4
,01286105
,00129916
-,08840
,04542
Friday
97
,01032141
,00104798
-,04810
,02082
,01101955 4,97305304E-4
-,08840
,04741
Total
,0012558
491 6,5309572E-4
Descriptive Statistics
N
RitIHSG
Mean
Std. Deviation Minimum Maximum
491 6,5309572E-4
CriteriaH1a 491
3.00
,01101955
-,08840
,04741
1.406
1
5
Kruskal Wallis Test
CriteriaH1a N Mean Rank Asymp. Sig.
RitIHSG Monday
96
208.34
Tuesday
99
252.94
Wednesday 101
278.05
Thursday
98
226.89
Friday
97
262.11
Total
491
.004
LQ45
Descriptive
RitLQ45
CriteriaH1a
Mean
N Std. Deviation
Monday
-,0020486 98
,01256128
Tuesday
,0011562 99
,01138861
Wednesday ,0038288 101
,01159831
Thursday
-,0012208 99
,01476213
,0012475 96
,01196920
Friday
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4
CriteriaH1a 493
,01263733
-,10078
,05297
1.407
1
5
2.99
Ranks
CriteriaH1a N Mean Rank
RitLQ45 Monday
98
213.08
Tuesday
99
251.06
Wednesday 101
282.38
Thursday
99
226.10
Friday
96
261.77
Total
493
Test Statisticsa,b
RitLQ45
Chi-Square
df
15.026
4
Asymp. Sig.
.005
a. Kruskal Wallis Test
b. Grouping Variable: CriteriaH1a
KOMPAS100
Descriptive
RitKOMPAS100
CriteriaH1a
Mean
Monday
-,0021327 97
,01218329
Tuesday
,0012144 97
,01103553
Wednesday
,0036010 100
,01108578
-,0010804 99
,01409773
,0012665 96
,01137044
5,8415828E-4 489
,01213401
Thursday
Friday
Total
N Std. Deviation
Descriptive Statistics
N
Mean
Std. Deviation Minimum Maximum
RitKOMPAS100 489 5,8415828E-4
CriteriaH1a
489
3.00
,01213401
-,09610
,05113
1.408
1
5
Ranks
CriteriaH1a N Mean Rank
RitKOMPAS100 Monday
97
210.63
Tuesday
97
251.24
Wednesday 100
277.80
Thursday
99
224.38
Friday
96
260.52
Total
489
a,b
Test Statistics
RitKOMPAS100
Chi-Square
df
Asymp. Sig.
14.581
4
.006
a. Kruskal Wallis Test
b. Grouping Variable: CriteriaH1a
Lampiran 4
Output Hipotesis 1B (Monday Effect)
IHSG
Group Statistics
CriteriaH1b
RitIHSG Monday Only
N
Mean
Std. Deviation Std. Error Mean
96 -,0020410
,01122967
Tuesday-Friday 395 ,0013079
,00114612
,01088178 5,47521700E-4
Descriptive Statistics
N
RitIHSG
Mean
Std. Deviation Minimum Maximum
491 6,5309572E-4
CriteriaH1b 491
,01101955
-,08840
,04741
.397
0
1
.20
Ranks
CriteriaH1b
N Mean Rank Sum of Ranks
RitIHSG Tuesday-Friday 395
Monday Only
Total
96
255.15
100785.00
208.34
20001.00
491
Test Statisticsa
RitIHSG
Mann-Whitney U
1.534E4
Wilcoxon W
2.000E4
Z
Asymp. Sig. (2-tailed)
-2.899
.004
a. Grouping Variable: CriteriaH1b
LQ45
Descriptive
RitLQ45
CriteriaH1b
Mean
Tuesday-Friday
,0012660 395
,01258531
-,0020486 98
,01256128
6,0710406E-4 493
,01263733
Monday Only
Total
N Std. Deviation
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4
CriteriaH1b 493
,01263733
.20
-,10078 ,05297
.399
0
Ranks
CriteriaH1b
N Mean Rank Sum of Ranks
RitLQ45 Tuesday-Friday 395
Monday Only
Total
98
255.42
100889.00
213.08
20882.00
493
Test Statisticsa
RitLQ45
Mann-Whitney U
1.603E4
Wilcoxon W
2.088E4
Z
Asymp. Sig. (2-tailed)
-2.633
.008
a. Grouping Variable: CriteriaH1b
1
KOMPAS100
Descriptive
RitKOMPAS100
CriteriaH1b
Mean
Tuesday-Friday
,0012565 392
,01204293
-,0021327 97
,01218329
5,8415828E-4 489
,01213401
Monday Only
Total
N Std. Deviation
Descriptive Statistics
N
Mean
Std. Deviation Minimum Maximum
RitKOMPAS100 489 5,8415828E-4
CriteriaH1b
489
,01213401
.20
-,09610 ,05113
.399
0
Ranks
CriteriaH1b
N Mean Rank Sum of Ranks
RitKOMPAS100 Tuesday-Friday 392
Monday Only
Total
97
253.51
99374.00
210.63
20431.00
489
a
Test Statistics
RitKOMPAS100
Mann-Whitney U
15678.000
Wilcoxon W
20431.000
Z
-2.676
Asymp. Sig. (2-tailed)
a. Grouping Variable: CriteriaH1b
.007
1
Lampiran 5
Output Hipotesis 2A (Monday Effect in the last half of the month)
IHSG
Group Statistics
CriteriaH2a
N
RitIHSG Mondays last two weeks
Mean
Std. Deviation Std. Error Mean
41 -,0033363
,00975296
,00152316
Mondays first three weeks 55 -,0010755
,01221348
,00164687
Descriptive Statistics
N
RitIHSG
Mean
Std. Deviation Minimum Maximum
491 6,5309572E-4
CriteriaH2a 96
,01101955
-,08840
,04741
.497
0
1
.43
Ranks
CriteriaH2a
N Mean Rank Sum of Ranks
RitIHSG Mondays first three weeks 55
Mondays last two weeks
41
Total
96
51.93
2856.00
43.90
1800.00
Test Statisticsa
RitIHSG
Mann-Whitney U
939.000
Wilcoxon W
1.800E3
Z
Asymp. Sig. (2-tailed)
-1.396
.163
a. Grouping Variable: CriteriaH2a
LQ45
Descriptive
RitLQ45
CriteriaH2a
Mean
N Std. Deviation
Mondays first three weeks -,0010333 56
,01352533
Mondays last two weeks
-,0034024 42
,01116299
Total
-,0020486 98
,01256128
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4
CriteriaH2a 98
,01263733
-,10078
,05297
.497
0
1
.43
Ranks
CriteriaH2a
N Mean Rank Sum of Ranks
RitLQ45 Mondays first three weeks 56
Mondays last two weeks
42
Total
98
52.48
2939.00
45.52
1912.00
Test Statisticsa
RitLQ45
Mann-Whitney U
1.009E3
Wilcoxon W
1.912E3
Z
Asymp. Sig. (2-tailed)
-1.199
.231
a. Grouping Variable: CriteriaH2a
KOMPAS100
Descriptive
RitKOMPAS100
CriteriaH2a
Mean
N Std. Deviation
Mondays first three weeks -0,00095707091 55
,01317757
Mondays last two weeks
-,0036723 42
,01070326
Total
-,0021327 97
,01218329
Descriptive Statistics
N
Mean
Std. Deviation Minimum Maximum
RitKOMPAS100 489 5,8415828E-4
CriteriaH2a
97
,01213401
-,09610
,05113
.498
0
1
.43
Ranks
CriteriaH2a
N Mean Rank Sum of Ranks
RitKOMPAS100 Mondays first three weeks 55
Mondays last two weeks
42
Total
97
52.89
2909.00
43.90
1844.00
a
Test Statistics
RitKOMPAS100
Mann-Whitney U
Wilcoxon W
Z
941.000
1844.000
-1.558
Asymp. Sig. (2-tailed)
a. Grouping Variable: CriteriaH2a
.119
Lampiran 6
Output Hipotesis 2B Monthly Effect
IHSG
Group Statistics
CriteriaH2b
N
RitIHSG Tuesday-Friday last half of the
month
Tuesday-Friday first half of the
month
Mean
180
215
,0023256
Std.
Std. Error
Deviation
Mean
,01110067 8,27394946E-4
4,5581395E4
,01064618 7,26063139E-4
Descriptive Statistics
N
RitIHSG
Mean
Std. Deviation Minimum Maximum
491 6,5309572E-4
CriteriaH2b 395
,01101955
-,08840
,04741
.499
0
1
.46
Ranks
CriteriaH2b
N Mean Rank Sum of Ranks
RitIHSG Tuesday-Friday first half of the month 215
184.40
39645.00
Tuesday-Friday last half of the month 180
214.25
38565.00
Total
395
Test Statisticsa
RitIHSG
Mann-Whitney U
1.642E4
Wilcoxon W
3.964E4
Z
Asymp. Sig. (2-tailed)
-2.588
.010
a. Grouping Variable: CriteriaH2b
LQ45
Descriptive
RitLQ45
CriteriaH2b
Mean
N Std. Deviation
Tuesday-Friday first half of the month 0,00025991116 215
,01226096
Tuesday-Friday last half of the month
,0024677 180
,01289346
Total
,0012660 395
,01258531
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4
CriteriaH2b 395
,01263733
.46
-,10078 ,05297
.499
0
1
Ranks
CriteriaH2b
N Mean Rank Sum of Ranks
RitLQ45 Tuesday-Friday first half of the month 215
184.40
39647.00
Tuesday-Friday last half of the month 180
214.24
38563.00
Total
395
Test Statisticsa
RitLQ45
Mann-Whitney U
1.643E4
Wilcoxon W
3.965E4
Z
Asymp. Sig. (2-tailed)
-2.587
.010
a. Grouping Variable: CriteriaH2b
KOMPAS100
Descriptive
RitKOMPAS100
CriteriaH2b
Mean
N Std. Deviation
Tuesday-Friday first half of the month 0,00033529811 212
,01179350
Tuesday-Friday last half of the month
,0023414 180
,01227446
Total
,0012565 392
,01204293
Descriptive Statistics
N
Mean
Std. Deviation Minimum Maximum
RitKOMPAS100 489 5,8415828E-4
CriteriaH2b
392
,01213401
-,09610
,05113
.499
0
1
.46
Ranks
CriteriaH2b
N Mean Rank Sum of Ranks
RitKOMPAS100 Tuesday-Friday first half of the month 212
183.22
38842.00
Tuesday-Friday last half of the month 180
212.14
38186.00
Total
392
a
Test Statistics
RitKOMPAS100
Mann-Whitney U
16264.000
Wilcoxon W
38842.000
Z
-2.519
Asymp. Sig. (2-tailed)
a. Grouping Variable: CriteriaH2b
.012
Lampiran 7
Output Regresi
IHSG
Descriptive Statistics
Mean
RitIHSG
Std. Deviation N
6,3381552E-4 ,01103328
491
AllMondaysIHSG
.20
.397 491
LAst2MondaysIHSG
.08
.277 491
Variables Entered/Removedb
Model
Variables Entered
Variables Removed Method
a
1
LAst2MondaysIHSG, AllMondaysIHSG
. Enter
a. All requested variables entered.
b. Dependent Variable: RitIHSG
Model Summaryb
Change Statistics
Model
1
R
.129a
R
Adjusted R
Std. Error of the
R Square
Square
Square
Estimate
Change
.017
.013 ,01096356
F
Sig. F
Change df1 df2
.017
4.126
2 488
a. Predictors: (Constant), LAst2MondaysIHSG, AllMondaysIHSG
b. Dependent Variable: RitIHSG
ANOVAb
Model
1 Regression
Sum of Squares
.001
df
Mean Square
2
Residual
.059 488
Total
.060 490
F
.000 4.126 .017a
.000
a. Predictors: (Constant), LAst2MondaysIHSG, AllMondaysIHSG
b. Dependent Variable: RitIHSG
Sig.
Change
.017
Coefficientsa
Unstandardized Standardized
Coefficients
Collinearity
Coefficients
Correlations
Std.
Zero-
Model
B
1 (Constant)
.001
.001
-.002
.002
-.086
-.002
.002
-.057
AllMondaysIHSG
LAst2MondaysIHSG
Statistics
Error
Beta
t
Sig. order Partial Part Tolerance VIF
2.340 .020
1.517
1.000
.130 -.121 -.068
.318 -.110 -.045
a. Dependent Variable:
RitIHSG
LQ45
Descriptive Statistics
Mean
RitLQ45
Std. Deviation N
6,0710406E-4
,01263733 493
AllMondaysLQ45
.20
.399 493
Last2MondaysLQ45
.09
.279 493
.068
.045
.625 1.600
.625 1.600
Variables Entered/Removedb
Model
Variables Entered
Variables Removed Method
Last2MondaysLQ45, AllMondaysLQ45a
1
. Enter
a. All requested variables entered.
b. Dependent Variable: RitLQ45
Model Summaryb
Change Statistics
Model
1
R
.113a
R
Adjusted R
Std. Error of the
R Square
Square
Square
Estimate
Change
.013
.009 ,01258247
F
Sig. F
Change df1 df2
.013
3.150
2 490
Change
.044
a. Predictors: (Constant), Last2MondaysLQ45, AllMondaysLQ45
b. Dependent Variable: RitLQ45
ANOVAb
Model
Sum of Squares
1 Regression
df
.001
Mean Square
.078 490
Total
.079 492
Sig.
.000 3.150 .044a
2
Residual
F
.000
a. Predictors: (Constant), Last2MondaysLQ45, AllMondaysLQ45
b. Dependent Variable: RitLQ45
Coefficientsa
Unstandardized Standardized
Coefficients
Collinearity
Coefficients
Correlations
Std.
Model
B
1 (Constant)
.001
Error
.001
Statistics
ZeroBeta
t
Sig. order Partial Part Tolerance VIF
2.000 .046
AllMondaysLQ45
Last2MondaysLQ45
-
-.002
.002
-.073
-.002
.003
-.052 -.922 .357 -.097 -.042
1.280
.201 -.105 -.058
.057
.041
.625 1.601
.625 1.601
a. Dependent Variable:
RitLQ45
KOMPAS100
Descriptive Statistics
Mean
RitKOMPAS100
Std. Deviation N
5,8415828E-4
,01213401 489
AllMondaysKOMPAS100
.20
.399 489
Last2MondaysKOMPAS100
.09
.280 489
Variables Entered/Removedb
Model
1
Variables Entered
Last2MondaysKOMPAS100, AllMondaysKOMPAS100a
a. All requested variables entered.
b. Dependent Variable: RitKOMPAS100
Model Summaryb
Variables Removed Method
. Enter
Change Statistics
Model
R
R
Adjusted R
Std. Error of the
R Square
Square
Square
Estimate
Change
.122a
1
.015
.011 ,01206818
F
Sig. F
Change df1 df2
.015
Change
3.669
2 486
.026
F
Sig.
a. Predictors: (Constant), Last2MondaysKOMPAS100,
AllMondaysKOMPAS100
b. Dependent Variable:
RitKOMPAS100
ANOVAb
Model
Sum of Squares
1 Regression
df
.001
Mean Square
2
.001
Residual
.071 486
.000
Total
.072 488
.026a
3.669
a. Predictors: (Constant), Last2MondaysKOMPAS100, AllMondaysKOMPAS100
b. Dependent Variable: RitKOMPAS100
Coefficientsa
Standardize
d
Unstandardize Coefficient
d Coefficients
Collinearity
s
Correlations
Statistics
Zero
Std.
Model
1 (Constant)
B
.001
Error
.001
AllMondaysKOMPAS100
orde Partia
Beta
t
Sig.
.002
l
Part
e
VIF
2.06 .04
1
-
-.002
r
Toleranc
-.073 1.27
4
0
.20
-
3 .111
-.058 .05
7
.620
1.61
2
Last2MondaysKOMPAS1
00
-.003
.002
-.063 1.09
8
a. Dependent Variable:
RitKOMPAS100
.27
-
3 .108
-.050 .04
9
.620
1.61
2
Lampiran 8
Output Hipotesis 3 (Rogalski effect di bulan januari)
IHSG
Group Statistics
CriteriaH3 N
RitIHSG January
Mean
Std. Deviation Std. Error Mean
7 -,0026000
,00993797
,00375620
Non Janary 89 -,0019971
,01137435
,00120568
Descriptive Statistics
N
RitIHSG
Mean
Std. Deviation Minimum Maximum
491 6,5309572E-4
CriteriaH3 96
,01101955
-,08840
,04741
.261
0
1
.07
Ranks
CriteriaH3
N Mean Rank Sum of Ranks
RitIHSG Non January 89
49.02
4363.00
January
41.86
293.00
7
Total
96
Test Statisticsa
RitIHSG
Mann-Whitney U
265.000
Wilcoxon W
293.000
Z
Asymp. Sig. (2-tailed)
-.655
.512
a. Grouping Variable: CriteriaH3
NonMondays
Descriptive
RitIHSG
Criteria
Mean
N Std. Deviation
Tuesday-Friday non January ,0012066 358
,01122480
Tuesday-Friday January
,0022881 37
,00673905
Total
,0013079 395
,01088178
Ranks
Criteria
N Mean Rank Sum of Ranks
RitIHSG Tuesday-Friday non January 358
196.92
70498.00
Tuesday-Friday January
208.43
7712.00
Total
37
395
a
Test Statistics
RitIHSG
Mann-Whitney U
6.237E3
Wilcoxon W
7.050E4
Z
-.584
Asymp. Sig. (2-tailed)
.559
a. Grouping Variable: Criteria
LQ45
Descriptive
RitLQ45
CriteriaH3
Mean
N Std. Deviation
Non January -,0019444 90
,01267744
January
-,0032215 8
,01188862
Total
-,0020486 98
,01256128
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4 ,01263733
CriteriaH3 98
.08
-,10078 ,05297
.275
0
Ranks
CriteriaH3
N Mean Rank Sum of Ranks
RitLQ45 Non January 90
50.10
4509.00
January
42.75
342.00
8
Total
98
Test Statisticsa
RitLQ45
Mann-Whitney U
306.000
Wilcoxon W
342.000
Z
-.701
Asymp. Sig. (2-tailed)
.484
a. Grouping Variable: CriteriaH3
Non Mondays
Descriptive
RitLQ45
CriteriaH3NonMondays
Mean
N Std. Deviation
Tuesday-Friday Non January ,0012278 363
,01288889
Tuesday-Friday January
,0016996 32
,00854282
Total
,0012660 395
,01258531
1
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4
CriteriaH3NonMondays 395
,01263733
-,10078
,05297
.273
0
1
.08
Ranks
CriteriaH3NonMondays
N Mean Rank Sum of Ranks
RitLQ45 Tuesday-Friday Non January 363
197.71
71767.00
32
201.34
6443.00
Tuesday-Friday January
Total
395
a
Test Statistics
RitLQ45
Mann-Whitney U
5.701E3
Wilcoxon W
7.177E4
Z
-.173
Asymp. Sig. (2-tailed)
.863
a. Grouping Variable: CriteriaH3NonMondays
KOMPAS100
Descriptive
RitKOMPAS100
CriteriaH3
Mean
N Std. Deviation
Non January -,0020467 89
,01234612
January
-,0030902 8
,01087581
Total
-,0021327 97
,01218329
Descriptive Statistics
N
Mean
Std. Deviation Minimum Maximum
RitKOMPAS100 489 5,8415828E-4
CriteriaH3
97
,01213401
-,09610
,05113
.277
0
1
.08
Ranks
CriteriaH3
N Mean Rank Sum of Ranks
RitKOMPAS100 Non January 89
January
Total
8
49.67
4421.00
41.50
332.00
97
a
Test Statistics
RitKOMPAS100
Mann-Whitney U
296.000
Wilcoxon W
332.000
Z
-.787
Asymp. Sig. (2-tailed)
.431
a. Grouping Variable: CriteriaH3
NON MONDAYS
Descriptive
RitKOMPAS100
CriteriaH3NonMondays
Mean
N Std. Deviation
Tuesday-Friday Non January ,0011927 358
,01237678
Tuesday-Friday January
,0019277 34
,00779259
Total
,0012565 392
,01204293
Descriptive Statistics
N
RitKOMPAS100
Mean
Std. Deviation Minimum Maximum
489 5,8415828E-4
CriteriaH3NonMondays 392
,01213401
-,09610
,05113
.282
0
1
.09
Ranks
CriteriaH3NonMondays
N Mean Rank Sum of Ranks
RitKOMPAS100 Tuesday-Friday Non January 358
195.85
70115.00
34
203.32
6913.00
Tuesday-Friday January
Total
392
a
Test Statistics
RitKOMPAS100
Mann-Whitney U
Wilcoxon W
Z
Asymp. Sig. (2-tailed)
5854.000
70115.000
-.367
.713
a. Grouping Variable: CriteriaH3NonMondays
Lampiran 9
Ouput Hipotesis 4 (Bid Ask Spread)
Descriptive
BAS
N
Mean
Std. Deviation Std. Error
Monday
2448 ,0466310
,27042271 ,00546560
Tuesday
2500 ,0472446
,27331721 ,00546634
Wednesday 2550 ,0474601
,27340306 ,00541419
Thursday
2499 ,0468445
,27051959 ,00541147
Friday
2300 ,0468808
,26970855 ,00562381
Total
12297 ,0470178
,27147583 ,00244811
Group Statistics
Criteria
BAS Monday Only
N
Mean
Std. Deviation Std. Error Mean
2448 ,0466296
,27042289
,00546560
Tuesday-Friday 9849 ,0471143
,27175051
,00273826
Mannn-Whitney Test
Criteria
N
BAS Tuesday-Friday 9849
Monday Only
Total
2448
12297
Mean Rank Sum of Ranks
6153.67 60607533.00
6130.20 15006720.00
a
Test Statistics
BAS
Mann-Whitney U
1.201E7
Wilcoxon W
1.501E7
Z
Asymp. Sig. (2-tailed)
a. Grouping Variable:
CriteriaAlternatif
-.293
.770
Lampiran 10
Output Hipotesis 5 (Volume Perdagangan)
Descriptive
Trading Volume
Variable
N
Monday
2448
28,348,633.78
Tuesday
2500
31,414,786.00
Wednesday 2550
31,386,587.06
Thursday
2499
32,324,637.05
Friday
2300
29,264,404.35
Mean
Descriptive
CriteriaLQ45
TradingVolumeLQ45 Monday Only
N
Mean
Std. Deviation Std. Error Mean
2448 28,476,957.11 66,031,583.893
1,334,584.289
Tuesday-Friday 9849 31,104,277.03 73,157,889.769
737,165.669
Mann-Whitney Test
CriteriaLQ45
N
TradingVolumeLQ45 Tuesday-friday 9849
Monday Only
Total
2448
12297
Mean Rank Sum of Ranks Asymp. Sig. (2-tailed
6213.35 61195277.50
5890.10 14418975.50
.000
Lampiran 11
Output Hipotesis 6 (Minat Jual dan Beli Investor)
Paired Samples Statistics
Mean
Pair 1 BidVolumeLQ45
N
Std. Deviation Std. Error Mean Sig.
3,351,207.92 2448 15,173,729.753
OfferVolumeLQ45 15,985,799.63 2448
1.065E8
306,680.836 .000
2,153,388.713
NPar Tests
Wilcoxon Signed Ranks Test
N
OfferVolumeLQ45 -
Negative
BidVolumeLQ45
Ranks
Positive
Ranks
Mean
Sum of
Asymp. Sig. (2-
Rank
Ranks
tailed)
1076a
1107.43
1191592.00
1165b
1133.54
1320569.00
Ties
207c
Total
2448
a. OfferVolumeLQ45 < BidVolumeLQ45
b. OfferVolumeLQ45 > BidVolumeLQ45
c. OfferVolumeLQ45 = BidVolumeLQ45
BID Volume dan Offer Volume LQ45 2012
Descriptive
Bid Volume LQ45 2012 Offer Volume LQ45 2012
Days
N
Mean
Mean
Monday
2448
3,351,207.92
15,985,799.63
Tuesday
2500
3,618,566.00
16,498,654.40
Wednesday 2550
3,575,411.37
16,839,876.08
Thursday
2499
3,490,474.19
17,261,542.62
Friday
2300
3,551,399.78
16,797,826.74
sTotal
12297
3,517,799.91
16,678,308.04
.035
Deskripsi Statistik
Descriptive Statistics
N
Statistic
Minimum Maximum
Statistic
Statistic
Mean
Std. Deviation
Statistic
Statistic
Skewness
Kurtosis
Statistic Std. Error Statistic Std. Error
RitIHSG
491
-,08840
,04741 6,5309572E-4
,01101955
-1.408
.110 11.801
.220
RitLQ45
493
-,10078
,05297 6,0710406E-4
,01263733
-1.231
.110 10.812
.220
RitKOMPAS100
489
-,09610
,05113 5,8415828E-4
,01213401
-1.271
.110 10.772
.220
,27147583
7.053
.022 47.777
.044
BAS LQ45 2012
12297 6,30000E-4
2,00000
,0470178
Bid Volume LQ45 2012
12297
0
6.E8 3,517,799.91 14,924,302.645 18.791
.022 493.997
.044
Offer Volume LQ45 2012
12297
0
1.E9 16,678,308.04
1.090E8
8.896
.022 84.297
.044
Trading Volume
12297
0
1.E9 30,581,248.72 71,800,731.675
7.460
.022 82.986
.044
Lampiran 2
Distribusi Data
Frequencies
Statistics
RitIHSG
N
Valid
491
Missing
Mean
0
6,5309572E-4
Median
,0011200
Std. Deviation
,01101955
Variance
.000
Statistics
RitLQ45
N
Valid
493
Missing
Mean
0
6,0710406E-4
Median
,0012144
Std. Deviation
,01263733
Variance
.000
Statistics
RitKOMPAS100
N Valid
Missing
Mean
Median
Std. Deviation
489
0
5,8415828E-4
,0011066
,01213401
Variance
.000
Statistics
BAS
N
Valid
12297
Missing
0
Mean
,0470178
Median
,0080300
Std. Deviation
,27147583
Variance
.074
Statistics
TradingVolume LQ45
N
Valid
12297
Missing
0
Mean
30,581,248.72
Median
10,355,000.00
Std. Deviation
71,800,731.675
Variance
5.155E15
Statistics
BidVolumeLQ452012
N
Valid
Missing
Mean
Median
Std. Deviation
Variance
12297
0
3,517,799.91
636,000.00
14,924,302.645
2.227E14
Statistics
OfferVolumeLQ452012
N
Valid
Missing
Mean
Median
Std. Deviation
Variance
12297
0
16,678,308.04
770,000.00
1.090E8
1.189E16
Lampiran 3
Output Hipotesis Day of the week effect (H1A)
IHSG
Descriptive
N
Mean
Std. Deviation
Std. Error
Minimum Maximum
Monday
96
-,0020410
,01122967
,00114612
-,05620
,02366
Tuesday
99
,0012483
,01008255
,00101333
-,02880
,04741
Wednesday 101
,0033262
,00981279 9,76408704E-4
-,01960
,03414
Thursday
98 -6,6051020E-4
,01286105
,00129916
-,08840
,04542
Friday
97
,01032141
,00104798
-,04810
,02082
,01101955 4,97305304E-4
-,08840
,04741
Total
,0012558
491 6,5309572E-4
Descriptive Statistics
N
RitIHSG
Mean
Std. Deviation Minimum Maximum
491 6,5309572E-4
CriteriaH1a 491
3.00
,01101955
-,08840
,04741
1.406
1
5
Kruskal Wallis Test
CriteriaH1a N Mean Rank Asymp. Sig.
RitIHSG Monday
96
208.34
Tuesday
99
252.94
Wednesday 101
278.05
Thursday
98
226.89
Friday
97
262.11
Total
491
.004
LQ45
Descriptive
RitLQ45
CriteriaH1a
Mean
N Std. Deviation
Monday
-,0020486 98
,01256128
Tuesday
,0011562 99
,01138861
Wednesday ,0038288 101
,01159831
Thursday
-,0012208 99
,01476213
,0012475 96
,01196920
Friday
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4
CriteriaH1a 493
,01263733
-,10078
,05297
1.407
1
5
2.99
Ranks
CriteriaH1a N Mean Rank
RitLQ45 Monday
98
213.08
Tuesday
99
251.06
Wednesday 101
282.38
Thursday
99
226.10
Friday
96
261.77
Total
493
Test Statisticsa,b
RitLQ45
Chi-Square
df
15.026
4
Asymp. Sig.
.005
a. Kruskal Wallis Test
b. Grouping Variable: CriteriaH1a
KOMPAS100
Descriptive
RitKOMPAS100
CriteriaH1a
Mean
Monday
-,0021327 97
,01218329
Tuesday
,0012144 97
,01103553
Wednesday
,0036010 100
,01108578
-,0010804 99
,01409773
,0012665 96
,01137044
5,8415828E-4 489
,01213401
Thursday
Friday
Total
N Std. Deviation
Descriptive Statistics
N
Mean
Std. Deviation Minimum Maximum
RitKOMPAS100 489 5,8415828E-4
CriteriaH1a
489
3.00
,01213401
-,09610
,05113
1.408
1
5
Ranks
CriteriaH1a N Mean Rank
RitKOMPAS100 Monday
97
210.63
Tuesday
97
251.24
Wednesday 100
277.80
Thursday
99
224.38
Friday
96
260.52
Total
489
a,b
Test Statistics
RitKOMPAS100
Chi-Square
df
Asymp. Sig.
14.581
4
.006
a. Kruskal Wallis Test
b. Grouping Variable: CriteriaH1a
Lampiran 4
Output Hipotesis 1B (Monday Effect)
IHSG
Group Statistics
CriteriaH1b
RitIHSG Monday Only
N
Mean
Std. Deviation Std. Error Mean
96 -,0020410
,01122967
Tuesday-Friday 395 ,0013079
,00114612
,01088178 5,47521700E-4
Descriptive Statistics
N
RitIHSG
Mean
Std. Deviation Minimum Maximum
491 6,5309572E-4
CriteriaH1b 491
,01101955
-,08840
,04741
.397
0
1
.20
Ranks
CriteriaH1b
N Mean Rank Sum of Ranks
RitIHSG Tuesday-Friday 395
Monday Only
Total
96
255.15
100785.00
208.34
20001.00
491
Test Statisticsa
RitIHSG
Mann-Whitney U
1.534E4
Wilcoxon W
2.000E4
Z
Asymp. Sig. (2-tailed)
-2.899
.004
a. Grouping Variable: CriteriaH1b
LQ45
Descriptive
RitLQ45
CriteriaH1b
Mean
Tuesday-Friday
,0012660 395
,01258531
-,0020486 98
,01256128
6,0710406E-4 493
,01263733
Monday Only
Total
N Std. Deviation
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4
CriteriaH1b 493
,01263733
.20
-,10078 ,05297
.399
0
Ranks
CriteriaH1b
N Mean Rank Sum of Ranks
RitLQ45 Tuesday-Friday 395
Monday Only
Total
98
255.42
100889.00
213.08
20882.00
493
Test Statisticsa
RitLQ45
Mann-Whitney U
1.603E4
Wilcoxon W
2.088E4
Z
Asymp. Sig. (2-tailed)
-2.633
.008
a. Grouping Variable: CriteriaH1b
1
KOMPAS100
Descriptive
RitKOMPAS100
CriteriaH1b
Mean
Tuesday-Friday
,0012565 392
,01204293
-,0021327 97
,01218329
5,8415828E-4 489
,01213401
Monday Only
Total
N Std. Deviation
Descriptive Statistics
N
Mean
Std. Deviation Minimum Maximum
RitKOMPAS100 489 5,8415828E-4
CriteriaH1b
489
,01213401
.20
-,09610 ,05113
.399
0
Ranks
CriteriaH1b
N Mean Rank Sum of Ranks
RitKOMPAS100 Tuesday-Friday 392
Monday Only
Total
97
253.51
99374.00
210.63
20431.00
489
a
Test Statistics
RitKOMPAS100
Mann-Whitney U
15678.000
Wilcoxon W
20431.000
Z
-2.676
Asymp. Sig. (2-tailed)
a. Grouping Variable: CriteriaH1b
.007
1
Lampiran 5
Output Hipotesis 2A (Monday Effect in the last half of the month)
IHSG
Group Statistics
CriteriaH2a
N
RitIHSG Mondays last two weeks
Mean
Std. Deviation Std. Error Mean
41 -,0033363
,00975296
,00152316
Mondays first three weeks 55 -,0010755
,01221348
,00164687
Descriptive Statistics
N
RitIHSG
Mean
Std. Deviation Minimum Maximum
491 6,5309572E-4
CriteriaH2a 96
,01101955
-,08840
,04741
.497
0
1
.43
Ranks
CriteriaH2a
N Mean Rank Sum of Ranks
RitIHSG Mondays first three weeks 55
Mondays last two weeks
41
Total
96
51.93
2856.00
43.90
1800.00
Test Statisticsa
RitIHSG
Mann-Whitney U
939.000
Wilcoxon W
1.800E3
Z
Asymp. Sig. (2-tailed)
-1.396
.163
a. Grouping Variable: CriteriaH2a
LQ45
Descriptive
RitLQ45
CriteriaH2a
Mean
N Std. Deviation
Mondays first three weeks -,0010333 56
,01352533
Mondays last two weeks
-,0034024 42
,01116299
Total
-,0020486 98
,01256128
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4
CriteriaH2a 98
,01263733
-,10078
,05297
.497
0
1
.43
Ranks
CriteriaH2a
N Mean Rank Sum of Ranks
RitLQ45 Mondays first three weeks 56
Mondays last two weeks
42
Total
98
52.48
2939.00
45.52
1912.00
Test Statisticsa
RitLQ45
Mann-Whitney U
1.009E3
Wilcoxon W
1.912E3
Z
Asymp. Sig. (2-tailed)
-1.199
.231
a. Grouping Variable: CriteriaH2a
KOMPAS100
Descriptive
RitKOMPAS100
CriteriaH2a
Mean
N Std. Deviation
Mondays first three weeks -0,00095707091 55
,01317757
Mondays last two weeks
-,0036723 42
,01070326
Total
-,0021327 97
,01218329
Descriptive Statistics
N
Mean
Std. Deviation Minimum Maximum
RitKOMPAS100 489 5,8415828E-4
CriteriaH2a
97
,01213401
-,09610
,05113
.498
0
1
.43
Ranks
CriteriaH2a
N Mean Rank Sum of Ranks
RitKOMPAS100 Mondays first three weeks 55
Mondays last two weeks
42
Total
97
52.89
2909.00
43.90
1844.00
a
Test Statistics
RitKOMPAS100
Mann-Whitney U
Wilcoxon W
Z
941.000
1844.000
-1.558
Asymp. Sig. (2-tailed)
a. Grouping Variable: CriteriaH2a
.119
Lampiran 6
Output Hipotesis 2B Monthly Effect
IHSG
Group Statistics
CriteriaH2b
N
RitIHSG Tuesday-Friday last half of the
month
Tuesday-Friday first half of the
month
Mean
180
215
,0023256
Std.
Std. Error
Deviation
Mean
,01110067 8,27394946E-4
4,5581395E4
,01064618 7,26063139E-4
Descriptive Statistics
N
RitIHSG
Mean
Std. Deviation Minimum Maximum
491 6,5309572E-4
CriteriaH2b 395
,01101955
-,08840
,04741
.499
0
1
.46
Ranks
CriteriaH2b
N Mean Rank Sum of Ranks
RitIHSG Tuesday-Friday first half of the month 215
184.40
39645.00
Tuesday-Friday last half of the month 180
214.25
38565.00
Total
395
Test Statisticsa
RitIHSG
Mann-Whitney U
1.642E4
Wilcoxon W
3.964E4
Z
Asymp. Sig. (2-tailed)
-2.588
.010
a. Grouping Variable: CriteriaH2b
LQ45
Descriptive
RitLQ45
CriteriaH2b
Mean
N Std. Deviation
Tuesday-Friday first half of the month 0,00025991116 215
,01226096
Tuesday-Friday last half of the month
,0024677 180
,01289346
Total
,0012660 395
,01258531
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4
CriteriaH2b 395
,01263733
.46
-,10078 ,05297
.499
0
1
Ranks
CriteriaH2b
N Mean Rank Sum of Ranks
RitLQ45 Tuesday-Friday first half of the month 215
184.40
39647.00
Tuesday-Friday last half of the month 180
214.24
38563.00
Total
395
Test Statisticsa
RitLQ45
Mann-Whitney U
1.643E4
Wilcoxon W
3.965E4
Z
Asymp. Sig. (2-tailed)
-2.587
.010
a. Grouping Variable: CriteriaH2b
KOMPAS100
Descriptive
RitKOMPAS100
CriteriaH2b
Mean
N Std. Deviation
Tuesday-Friday first half of the month 0,00033529811 212
,01179350
Tuesday-Friday last half of the month
,0023414 180
,01227446
Total
,0012565 392
,01204293
Descriptive Statistics
N
Mean
Std. Deviation Minimum Maximum
RitKOMPAS100 489 5,8415828E-4
CriteriaH2b
392
,01213401
-,09610
,05113
.499
0
1
.46
Ranks
CriteriaH2b
N Mean Rank Sum of Ranks
RitKOMPAS100 Tuesday-Friday first half of the month 212
183.22
38842.00
Tuesday-Friday last half of the month 180
212.14
38186.00
Total
392
a
Test Statistics
RitKOMPAS100
Mann-Whitney U
16264.000
Wilcoxon W
38842.000
Z
-2.519
Asymp. Sig. (2-tailed)
a. Grouping Variable: CriteriaH2b
.012
Lampiran 7
Output Regresi
IHSG
Descriptive Statistics
Mean
RitIHSG
Std. Deviation N
6,3381552E-4 ,01103328
491
AllMondaysIHSG
.20
.397 491
LAst2MondaysIHSG
.08
.277 491
Variables Entered/Removedb
Model
Variables Entered
Variables Removed Method
a
1
LAst2MondaysIHSG, AllMondaysIHSG
. Enter
a. All requested variables entered.
b. Dependent Variable: RitIHSG
Model Summaryb
Change Statistics
Model
1
R
.129a
R
Adjusted R
Std. Error of the
R Square
Square
Square
Estimate
Change
.017
.013 ,01096356
F
Sig. F
Change df1 df2
.017
4.126
2 488
a. Predictors: (Constant), LAst2MondaysIHSG, AllMondaysIHSG
b. Dependent Variable: RitIHSG
ANOVAb
Model
1 Regression
Sum of Squares
.001
df
Mean Square
2
Residual
.059 488
Total
.060 490
F
.000 4.126 .017a
.000
a. Predictors: (Constant), LAst2MondaysIHSG, AllMondaysIHSG
b. Dependent Variable: RitIHSG
Sig.
Change
.017
Coefficientsa
Unstandardized Standardized
Coefficients
Collinearity
Coefficients
Correlations
Std.
Zero-
Model
B
1 (Constant)
.001
.001
-.002
.002
-.086
-.002
.002
-.057
AllMondaysIHSG
LAst2MondaysIHSG
Statistics
Error
Beta
t
Sig. order Partial Part Tolerance VIF
2.340 .020
1.517
1.000
.130 -.121 -.068
.318 -.110 -.045
a. Dependent Variable:
RitIHSG
LQ45
Descriptive Statistics
Mean
RitLQ45
Std. Deviation N
6,0710406E-4
,01263733 493
AllMondaysLQ45
.20
.399 493
Last2MondaysLQ45
.09
.279 493
.068
.045
.625 1.600
.625 1.600
Variables Entered/Removedb
Model
Variables Entered
Variables Removed Method
Last2MondaysLQ45, AllMondaysLQ45a
1
. Enter
a. All requested variables entered.
b. Dependent Variable: RitLQ45
Model Summaryb
Change Statistics
Model
1
R
.113a
R
Adjusted R
Std. Error of the
R Square
Square
Square
Estimate
Change
.013
.009 ,01258247
F
Sig. F
Change df1 df2
.013
3.150
2 490
Change
.044
a. Predictors: (Constant), Last2MondaysLQ45, AllMondaysLQ45
b. Dependent Variable: RitLQ45
ANOVAb
Model
Sum of Squares
1 Regression
df
.001
Mean Square
.078 490
Total
.079 492
Sig.
.000 3.150 .044a
2
Residual
F
.000
a. Predictors: (Constant), Last2MondaysLQ45, AllMondaysLQ45
b. Dependent Variable: RitLQ45
Coefficientsa
Unstandardized Standardized
Coefficients
Collinearity
Coefficients
Correlations
Std.
Model
B
1 (Constant)
.001
Error
.001
Statistics
ZeroBeta
t
Sig. order Partial Part Tolerance VIF
2.000 .046
AllMondaysLQ45
Last2MondaysLQ45
-
-.002
.002
-.073
-.002
.003
-.052 -.922 .357 -.097 -.042
1.280
.201 -.105 -.058
.057
.041
.625 1.601
.625 1.601
a. Dependent Variable:
RitLQ45
KOMPAS100
Descriptive Statistics
Mean
RitKOMPAS100
Std. Deviation N
5,8415828E-4
,01213401 489
AllMondaysKOMPAS100
.20
.399 489
Last2MondaysKOMPAS100
.09
.280 489
Variables Entered/Removedb
Model
1
Variables Entered
Last2MondaysKOMPAS100, AllMondaysKOMPAS100a
a. All requested variables entered.
b. Dependent Variable: RitKOMPAS100
Model Summaryb
Variables Removed Method
. Enter
Change Statistics
Model
R
R
Adjusted R
Std. Error of the
R Square
Square
Square
Estimate
Change
.122a
1
.015
.011 ,01206818
F
Sig. F
Change df1 df2
.015
Change
3.669
2 486
.026
F
Sig.
a. Predictors: (Constant), Last2MondaysKOMPAS100,
AllMondaysKOMPAS100
b. Dependent Variable:
RitKOMPAS100
ANOVAb
Model
Sum of Squares
1 Regression
df
.001
Mean Square
2
.001
Residual
.071 486
.000
Total
.072 488
.026a
3.669
a. Predictors: (Constant), Last2MondaysKOMPAS100, AllMondaysKOMPAS100
b. Dependent Variable: RitKOMPAS100
Coefficientsa
Standardize
d
Unstandardize Coefficient
d Coefficients
Collinearity
s
Correlations
Statistics
Zero
Std.
Model
1 (Constant)
B
.001
Error
.001
AllMondaysKOMPAS100
orde Partia
Beta
t
Sig.
.002
l
Part
e
VIF
2.06 .04
1
-
-.002
r
Toleranc
-.073 1.27
4
0
.20
-
3 .111
-.058 .05
7
.620
1.61
2
Last2MondaysKOMPAS1
00
-.003
.002
-.063 1.09
8
a. Dependent Variable:
RitKOMPAS100
.27
-
3 .108
-.050 .04
9
.620
1.61
2
Lampiran 8
Output Hipotesis 3 (Rogalski effect di bulan januari)
IHSG
Group Statistics
CriteriaH3 N
RitIHSG January
Mean
Std. Deviation Std. Error Mean
7 -,0026000
,00993797
,00375620
Non Janary 89 -,0019971
,01137435
,00120568
Descriptive Statistics
N
RitIHSG
Mean
Std. Deviation Minimum Maximum
491 6,5309572E-4
CriteriaH3 96
,01101955
-,08840
,04741
.261
0
1
.07
Ranks
CriteriaH3
N Mean Rank Sum of Ranks
RitIHSG Non January 89
49.02
4363.00
January
41.86
293.00
7
Total
96
Test Statisticsa
RitIHSG
Mann-Whitney U
265.000
Wilcoxon W
293.000
Z
Asymp. Sig. (2-tailed)
-.655
.512
a. Grouping Variable: CriteriaH3
NonMondays
Descriptive
RitIHSG
Criteria
Mean
N Std. Deviation
Tuesday-Friday non January ,0012066 358
,01122480
Tuesday-Friday January
,0022881 37
,00673905
Total
,0013079 395
,01088178
Ranks
Criteria
N Mean Rank Sum of Ranks
RitIHSG Tuesday-Friday non January 358
196.92
70498.00
Tuesday-Friday January
208.43
7712.00
Total
37
395
a
Test Statistics
RitIHSG
Mann-Whitney U
6.237E3
Wilcoxon W
7.050E4
Z
-.584
Asymp. Sig. (2-tailed)
.559
a. Grouping Variable: Criteria
LQ45
Descriptive
RitLQ45
CriteriaH3
Mean
N Std. Deviation
Non January -,0019444 90
,01267744
January
-,0032215 8
,01188862
Total
-,0020486 98
,01256128
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4 ,01263733
CriteriaH3 98
.08
-,10078 ,05297
.275
0
Ranks
CriteriaH3
N Mean Rank Sum of Ranks
RitLQ45 Non January 90
50.10
4509.00
January
42.75
342.00
8
Total
98
Test Statisticsa
RitLQ45
Mann-Whitney U
306.000
Wilcoxon W
342.000
Z
-.701
Asymp. Sig. (2-tailed)
.484
a. Grouping Variable: CriteriaH3
Non Mondays
Descriptive
RitLQ45
CriteriaH3NonMondays
Mean
N Std. Deviation
Tuesday-Friday Non January ,0012278 363
,01288889
Tuesday-Friday January
,0016996 32
,00854282
Total
,0012660 395
,01258531
1
Descriptive Statistics
N
RitLQ45
Mean
Std. Deviation Minimum Maximum
493 6,0710406E-4
CriteriaH3NonMondays 395
,01263733
-,10078
,05297
.273
0
1
.08
Ranks
CriteriaH3NonMondays
N Mean Rank Sum of Ranks
RitLQ45 Tuesday-Friday Non January 363
197.71
71767.00
32
201.34
6443.00
Tuesday-Friday January
Total
395
a
Test Statistics
RitLQ45
Mann-Whitney U
5.701E3
Wilcoxon W
7.177E4
Z
-.173
Asymp. Sig. (2-tailed)
.863
a. Grouping Variable: CriteriaH3NonMondays
KOMPAS100
Descriptive
RitKOMPAS100
CriteriaH3
Mean
N Std. Deviation
Non January -,0020467 89
,01234612
January
-,0030902 8
,01087581
Total
-,0021327 97
,01218329
Descriptive Statistics
N
Mean
Std. Deviation Minimum Maximum
RitKOMPAS100 489 5,8415828E-4
CriteriaH3
97
,01213401
-,09610
,05113
.277
0
1
.08
Ranks
CriteriaH3
N Mean Rank Sum of Ranks
RitKOMPAS100 Non January 89
January
Total
8
49.67
4421.00
41.50
332.00
97
a
Test Statistics
RitKOMPAS100
Mann-Whitney U
296.000
Wilcoxon W
332.000
Z
-.787
Asymp. Sig. (2-tailed)
.431
a. Grouping Variable: CriteriaH3
NON MONDAYS
Descriptive
RitKOMPAS100
CriteriaH3NonMondays
Mean
N Std. Deviation
Tuesday-Friday Non January ,0011927 358
,01237678
Tuesday-Friday January
,0019277 34
,00779259
Total
,0012565 392
,01204293
Descriptive Statistics
N
RitKOMPAS100
Mean
Std. Deviation Minimum Maximum
489 5,8415828E-4
CriteriaH3NonMondays 392
,01213401
-,09610
,05113
.282
0
1
.09
Ranks
CriteriaH3NonMondays
N Mean Rank Sum of Ranks
RitKOMPAS100 Tuesday-Friday Non January 358
195.85
70115.00
34
203.32
6913.00
Tuesday-Friday January
Total
392
a
Test Statistics
RitKOMPAS100
Mann-Whitney U
Wilcoxon W
Z
Asymp. Sig. (2-tailed)
5854.000
70115.000
-.367
.713
a. Grouping Variable: CriteriaH3NonMondays
Lampiran 9
Ouput Hipotesis 4 (Bid Ask Spread)
Descriptive
BAS
N
Mean
Std. Deviation Std. Error
Monday
2448 ,0466310
,27042271 ,00546560
Tuesday
2500 ,0472446
,27331721 ,00546634
Wednesday 2550 ,0474601
,27340306 ,00541419
Thursday
2499 ,0468445
,27051959 ,00541147
Friday
2300 ,0468808
,26970855 ,00562381
Total
12297 ,0470178
,27147583 ,00244811
Group Statistics
Criteria
BAS Monday Only
N
Mean
Std. Deviation Std. Error Mean
2448 ,0466296
,27042289
,00546560
Tuesday-Friday 9849 ,0471143
,27175051
,00273826
Mannn-Whitney Test
Criteria
N
BAS Tuesday-Friday 9849
Monday Only
Total
2448
12297
Mean Rank Sum of Ranks
6153.67 60607533.00
6130.20 15006720.00
a
Test Statistics
BAS
Mann-Whitney U
1.201E7
Wilcoxon W
1.501E7
Z
Asymp. Sig. (2-tailed)
a. Grouping Variable:
CriteriaAlternatif
-.293
.770
Lampiran 10
Output Hipotesis 5 (Volume Perdagangan)
Descriptive
Trading Volume
Variable
N
Monday
2448
28,348,633.78
Tuesday
2500
31,414,786.00
Wednesday 2550
31,386,587.06
Thursday
2499
32,324,637.05
Friday
2300
29,264,404.35
Mean
Descriptive
CriteriaLQ45
TradingVolumeLQ45 Monday Only
N
Mean
Std. Deviation Std. Error Mean
2448 28,476,957.11 66,031,583.893
1,334,584.289
Tuesday-Friday 9849 31,104,277.03 73,157,889.769
737,165.669
Mann-Whitney Test
CriteriaLQ45
N
TradingVolumeLQ45 Tuesday-friday 9849
Monday Only
Total
2448
12297
Mean Rank Sum of Ranks Asymp. Sig. (2-tailed
6213.35 61195277.50
5890.10 14418975.50
.000
Lampiran 11
Output Hipotesis 6 (Minat Jual dan Beli Investor)
Paired Samples Statistics
Mean
Pair 1 BidVolumeLQ45
N
Std. Deviation Std. Error Mean Sig.
3,351,207.92 2448 15,173,729.753
OfferVolumeLQ45 15,985,799.63 2448
1.065E8
306,680.836 .000
2,153,388.713
NPar Tests
Wilcoxon Signed Ranks Test
N
OfferVolumeLQ45 -
Negative
BidVolumeLQ45
Ranks
Positive
Ranks
Mean
Sum of
Asymp. Sig. (2-
Rank
Ranks
tailed)
1076a
1107.43
1191592.00
1165b
1133.54
1320569.00
Ties
207c
Total
2448
a. OfferVolumeLQ45 < BidVolumeLQ45
b. OfferVolumeLQ45 > BidVolumeLQ45
c. OfferVolumeLQ45 = BidVolumeLQ45
BID Volume dan Offer Volume LQ45 2012
Descriptive
Bid Volume LQ45 2012 Offer Volume LQ45 2012
Days
N
Mean
Mean
Monday
2448
3,351,207.92
15,985,799.63
Tuesday
2500
3,618,566.00
16,498,654.40
Wednesday 2550
3,575,411.37
16,839,876.08
Thursday
2499
3,490,474.19
17,261,542.62
Friday
2300
3,551,399.78
16,797,826.74
sTotal
12297
3,517,799.91
16,678,308.04
.035