ANALISIS REAKSI PASAR DAN RISIKO INVESTASI: KASUS PRAKTIK PERATAAN LABA PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK JAKARTA - Unika Repository

Regression Variables Entered/Removed b

  ANOVA b

  Casewise Diagnostics a Perpustakaan Unika

  VIF Collinearity Statistics Dependent Variable: CAR a.

  Standardi zed Coefficien ts t Sig. Tolerance

  1 B Std. Error Unstandardized Coefficients Beta

  Coefficients a

  Predictors: (Constant), Unexpected Earnings, Perataan Laba a. Dependent Variable: CAR b.

  1 Sum of Squares df Mean Square F Sig.

  Model

  99 Regression Residual Total

  .925 97 9.536E-03 .932

  a

  6.710E-03 2 3.355E-03 .352 .704

  Durbin-W atson Predictors: (Constant), Unexpected Earnings, Perataan Laba a. Dependent Variable: CAR b.

  Unexpecte d Earnings, Perataan Laba

  R Square Std. Error of the Estimate

  1 R R Square Adjusted

  .007 -.013 9.765E-02 1.961 Model

  a

  .085

  Model Summary b

  Dependent Variable: CAR b.

  a.

  Variables Removed Method All requested variables entered.

  1 Variables Entered

  . Enter Model

  a

  • 2.43E-02 .014 -1.678 .097
  • 1.53E-02 .020 -.079 -.776 .439 .993 1.007
  • 1.26E-05 .000 -.039 -.383 .703 .993 1.007 (Constant) Perataan Laba Unexpected Earnings Model

  Perpustakaan Unika

Charts

  Histogram 20 30 Dependent Variable: CAR Frequency

  10 -4.25 -3.75 -3.25 -2.75 -2.25 -1.75 -1.25 -.75 -.25 .25 .75 1.25 1.75 N = 100.00 Mean = 0.00 Std. Dev = .99 Regression Standardized Residual 1.00 Dependent Variable: CAR Normal P-P Plot of Regression Standardized Residual .50 .75 Expected Cum Prob 0.00 .25 0.00 .25 .50 .75 Observed Cum Prob 1.00 Scatterplot 1 2 3 Dependent Variable: CAR Regression Studentized Residual -5 -4 -3 -1 -2

  • 2 -1 Regression Standardized Predicted Value
  • 1 2 3 4

    Regression Variables Entered/Removed b

      ANOVA b

      VIF Collinearity Statistics Dependent Variable: CAR a. Perpustakaan Unika

      Standardi zed Coefficien ts t Sig. Tolerance

      1 B Std. Error Unstandardized Coefficients Beta

      Coefficients a

      Predictors: (Constant), Unexpected Earnings, Perataan Laba a. Dependent Variable: CAR b.

      1 Sum of Squares df Mean Square F Sig.

      Model

      98 Regression Residual Total

      .746 96 7.776E-03 .749

      a

      2.029E-03 2 1.015E-03 .130 .878

      Durbin-W atson Predictors: (Constant), Unexpected Earnings, Perataan Laba a. Dependent Variable: CAR b.

      Unexpected Earnings, Perataan Laba

      R Square Std. Error of the Estimate

      1 R R Square Adjusted

      .003 -.018 8.818E-02 2.137 Model

      a

      .052

      Model Summary b

      Dependent Variable: CAR b.

      a.

      Removed Method All requested variables entered.

      1 Variables Entered Variables

      . Enter Model

      a

    • .02418 .013 -1.851 .067
    • .00725 .018 -.042 -.406 .685 .993 1.007
    • .00001 .000 -.035 -.344 .732 .993 1.007 (Constant) Perataan Laba Unexpected Earnings Model

      Perpustakaan Unika

    Charts

      Histogram 20 Dependent Variable: CAR Frequency

      10 N = 99.00 Mean = 0.00 Std. Dev = .99 Regression Standardized Residual -3.50 -3.00 -2.50 -2.00 -1.50 -1.00 -.50 Dependent Variable: CAR Normal P-P Plot of Regression Standardized Residual 0.00 .50 1.00 1.50 2.00

      1.00 .75 .50 .25 Expected Cum Prob

      0.00 0.00 .25 .50 .75 Observed Cum Prob 1.00 Scatterplot 1 2 3 Dependent Variable: CAR Regression Studentized Residual -4 -3 -2 -1 -2 -1 1 2 3 4 Regression Standardized Predicted Value

      Perpustakaan Unika

    Regression b Variables Entered/Removed

      Variables Variables Model Entered Removed Method

      1 Unexpecte d Earnings, . Enter Perataan

      a

      Laba a. All requested variables entered.

      b.

      Dependent Variable: | e |

      Model Summary

      Adjusted Std. Error of Model R R Square R Square the Estimate

      a

      1 .061 .004 -.017 5.778E-02 a.

      Predictors: (Constant), Unexpected Earnings, Perataan Laba

      b ANOVA

      Sum of Model Squares df Mean Square F Sig.

      a

      1 Regression 1.216E-03 2 6.080E-04 .182 .834 Residual

      .320 96 3.338E-03 Total

      .322

      98 a. Predictors: (Constant), Unexpected Earnings, Perataan Laba b. Dependent Variable: | e |

      a Coefficients

      Standardi zed Unstandardized Coefficien

      Coefficients ts Model B Std. Error Beta t Sig. 1 (Constant)

      .06781 .009 7.921 .000 Perataan Laba -.00294 .012 -.026 -.252 .802 Unexpected Earnings

      .00001 .000 .054 .525 .601 a. Dependent Variable: | e |

    NPar Tests One-Sample Kolmogorov-Smirnov Test

      100 2.971E-02 2.349E-02

      .147 .147

    • .103 1.466

      .027 N

      Mean Std. Deviation

      Normal Parameters

      a,b

      Absolute Positive Negative

      Most Extreme Differences Kolmogorov-Smirnov Z Asymp. Sig. (2-tailed)

      RISK Test distribution is Normal.

      a.

      Calculated from data.

      b. Perpustakaan Unika

      Perpustakaan Unika

    NPar Tests Mann-Whitney Test Ranks

      Perataan Laba N Mean Rank Sum of Ranks RISK Non Peratalaba

      46 48.26 2220.00 Peratalaba

      54 52.41 2830.00 Total

      100

      a Test Statistics

      RISK Mann-Whitney U 1139.000 Wilcoxon W

      2220.000 Z

    • .712 Asymp. Sig. (2-tailed) .476 a.

      Grouping Variable: Perataan Laba

      Perpustakaan Unika Descriptives

      CAR N Mean Std. Deviation Minimum Maximum

      Non Peratalaba 46 -.0237 .0843 -.2069 .1423 Peratalaba 54 -.0384 .1070 -.4575 .1604 Total 100 -.0316 .0970 -.4575 .1604

      Descriptives

      Unexpected Earnings N Mean Std. Deviation Minimum Maximum

      Non Peratalaba 46 -43.3696 319.6425 -1366.00 587.00 Peratalaba 54 -93.9074 279.1184 -1162.00 245.00 Total 100 -70.6600 297.9768 -1366.00 587.00

      Descriptives

      RISK N Mean Std. Deviation Minimum Maximum

      Non Peratalaba 46 .0304 .0280 .0000 .1410 Peratalaba 54 .0291 .0191 .0007 .0925 Total 100 .0297 .0235 .0000 .1410

    ABNORMAL RETURN DAN CAR 2002 AQUA

      Hari Return E (R) RTN CAR

      2/6/2003

    • 3 Senin 0 - (-0.000119) = 0.000119 0.000833
    • 2 Selasa 0 - (-0.000119) = 0.000119
    • 1 Rabu 0 - (-0.000119) = 0.000119
    • 3
    • 2
    • 1 Senin 0 - 0.001213 = -0.001213
    • -0.001213

      Kamis 0 - (-0.000119) = 0.000119

    • 3 Selasa 0 – 0 =
    • 2 Rabu 0 – 0 =
    • 1 Kamis 0 – 0 =
    • 3 Selasa 0.04545 – 0.0027552 = 0.0426984 0.0261636
    • 2 Rabu 0 – 0.0027552 = -0.0027552
    • 1 Kamis 0 – 0.0027552 = -0.0027552
    • 3
    • 2
    • 1 Senin 0 – 0.000185= -0.000185
    • 3

      2 Minggu 0 – 0.0027552 = -0.0027552

      INDF

      3/7/2003

      Hari Return E (R) RTN CAR

      Jumat 0 – 0.0027552 = -0.0027552

      1 Sabtu 0 – 0.0027552 = -0.0027552

      3 Senin 0 – 0.0027552 = -0.0027552

      2 Minggu 0 – 0 =

      MLBI

      2/11/2003

      Hari Return E (R) RTN CAR

      Sabtu 0 – 0.000185= -0.000185 0.089615

      Minggu 0.09091 - 0.000185= 0.090725

      Selasa 0 – 0.000185= -0.000185 Perpustakaan Unika

      3 Senin 0 – 0 =

      1 Sabtu 0 – 0 =

      1 Jumat 0 - (-0.000119) = 0.000119

      Jumat 0 – 0 =

      3/21/2003

      FAST

      3 Jumat 0 - 0.001213 = -0.001213

      2 Kamis 0 - 0.001213 = -0.001213

      1 Rabu 0 - 0.001213 = -0.001213

      Selasa 0 - 0.001213 =

      Minggu 0 - 0.001213 = -0.001213

      Sabtu 0 - 0.001213 = -0.001213 -0.008491

      Hari Return E (R) RTN CAR

      2/25/2003

      DLTA

      3 Minggu 0 - (-0.000119) = 0.000119

      2 Sabtu 0 - (-0.000119) = 0.000119

      Hari Return E (R) RTN CAR

    • 2 Senin 0 – 0 =
    • 1 Selasa 0 – 0 =
    • 3
    • 2 Senin 0 - (-0.000663) = 0.000663
    • 1 Selasa -0.02222 - (-0.000663) = -0.021557
    • 0.04545 - (-0.000663) = -0.044787

    • 0.04545 - (-0.000663) = -0.044787
    • 3
    • 2
    • 1 Senin 0 - (-0.000614) = 0.000614
    • 0.01053 - (-0.000614) = -0.009916
    • 3 Selasa 0 – (0.000664)= 0.000664 0.010168
    • 2 Rabu 0 – (0.000664)= 0.000664
    • 1 Kamis 0 – (0.000664)= 0.000664
    • 3
    • 0.00662 – 0.001443 = -0.008063 -0.010051
    • 2
    • 1

      1 Rabu 0 - (-0.000614) = 0.000614

      2 Kamis 0 - (-0.000614) = 0.000614

      3 Jumat

      BATI

      1/31/2003

      Hari Return E (R) RTN CAR

      Jumat 0 – (0.000664)= 0.000664

      1 Sabtu 0 – (0.000664)= 0.000664

      3 Senin 0 – (0.000664)= 0.000664

      2 Minggu 0.00552 – (0.000664)= 0.006184

      GGRM

      3/1/2003

      Hari Return E (R) RTN CAR

      Jumat

      Sabtu 0 – 0.001443 = -0.001443

      Minggu 0.00667 – 0.001443 = 0.005227

      Senin 0 – 0.001443 = -0.001443

      1 Selasa 0 – 0.001443 = -0.001443

      Selasa 0 - (-0.000614) = 0.000614

      Sabtu 0 – (-0.000614) = 0.000614 -0.006232

      Minggu 0 - (-0.000614) = 0.000614

      STTP

      SHDA

      4/30/2003

      Hari Return E (R) RTN CAR

      Minggu 0 – 0 =

      Rabu 0 – 0 =

      1 Kamis 0 – 0 =

      2 Jumat 0 – 0 =

      3 Sabtu 0 – 0 =

      4/30/2003

      Hari Return E (R) RTN CAR

      Hari Return E (R) RTN CAR

      Minggu 0.04651 – (-0.000663) = 0.047173 -0.107419

      Rabu -0.04545 - (-0.000663) = -0.044787

      1 Kamis

      2 Jumat

      3 Sabtu 0 - (-0.000663) = 0.000663

      ULTJ

      3/18/2003

      2 Rabu 0 – 0.001443 = -0.001443 Perpustakaan Unika

      Perpustakaan Unika

      3/10/2003

      HMSP Hari Return E (R) RTN CAR

      Jumat

    • 3 -0.00855 – 0.005061= -0.013611 -0.013611

      Sabtu

    • 2 -0.00855 – 0.005061 = -0.013611

      Minggu

    • 1 -0.00855 – 0.005061 = -0.013611

      Senin

    • 0.00862 - 0.005061 = -0.013681

      Selasa 1 -0.01739 - 0.005061 = -0.022451

      Rabu 2 0.0354 - 0.005061 = 0.030339

      Kamis 3 -0.00855 - 0.005061 = -0.013611

      2/10/2003

      PBRX Hari Return E (R) RTN CAR

      Jumat

    • 3 0 – (-0.0204465) = 0.024465 0.049225

      Sabtu

    • 2 0 - (-0.0204465) = 0.024465

      Minggu

    • 1 -0.01316 - (-0.0204465) = 0.011305

      Senin

    • 0.02667 - (-0.0204465) = -0.002205

      Selasa 1 -0.0274 - (-0.0204465) = -0.002935

      Rabu 2 -0.0274 - (-0.0204465) = -0.002935

      Kamis 3 -0.0274- (-0.0204465) = -0.002935

      2/7/2003

      BATA Hari Return E (R) RTN CAR

    • 3 Selasa 0 - (-0.001149) = 0.001149 -0.097217
    • 2 Rabu 0 (-0.001149) = 0.001149
    • 1 Kamis 0 (-0.001149) = 0.001149

      Jumat 0 (-0.001149) = 0.001149 Sabtu

      1 -0.10526 (-0.001149) = -0.104111 Minggu

      2 0 (-0.001149) = 0.001149 Senin

      3 0 (-0.001149) = 0.001149 3/27/2003

      TIRT Hari Return E (R) RTN CAR

      Senin

    • 3 0 – 0.009926 = -0.009926 -0.06482

      Selasa

    • 2 0 – 0.009926 = -0.009926

      Rabu

    • 1 0 – 0.009926 = -0.009926

      Kamis 0 – 0.009926 = -0.009926

      Jumat 1 0 – 0.009926 = -0.009926

      Sabtu 2 0 – 0.009926 = -0.009926

      Minggu 3 0 – 0.009926 = -0.009926

      2/28/2003

      CLPI Hari Return E (R) RTN CAR

    • 3 Selasa 0 – (0.001717) = -0.001717 -0.012019
    • 2 Rabu 0 – (0.001717) = -0.001717
    • 1 Kamis 0 – (0.001717) = -0.001717

      Jumat 0 – (0.001717) = -0.001717 Sabtu

      1 0 – (0.001717) = -0.001717 Minggu

      2 0 – (0.001717) = -0.001717

      Perpustakaan Unika

      3/14/2003

      LTLS Hari Return E (R) RTN CAR

    • 3 Selasa 0.03448 – (-0.002466) = 0.035866 -0.016068
    • 2 Rabu 0 – (-0.002466) = 0.002466
    • 1 Kamis 0 – (-0.002466) = 0.002466

      Jumat 0 – (-0.002466) = 0.002466 Sabtu

      1 -0.03333 – (-0.002466) = -0.030864 Minggu

      2 0 – (-0.002466) = 0.002466 Senin

      3 0 – (-0.002466) = 0.002466 2/14/2003

      UNIC Hari Return E (R) RTN CAR

    • 3 Senin 0 – (-0.0033857) = 0.0033857 0.1423119
    • 2 Selasa 0.07317 - (-0.0033857) = 0.0765557
    • 1 Kamis 0 – (-0.0033857) = 0.0033857

      Jumat 0 – (-0.0033857) = 0.0033857 Sabtu

      1 0 – (-0.0033857) = 0.0033857 Minggu

      2 0 – (-0.0033857) = 0.0033857 Senin

      3 0 – (-0.0033857) = 0.0033857 3/7/2003

      EKAD Hari Return E (R) RTN CAR

    • 3 Selasa 0 – 0.00224 = -0.00224 -0.01465
    • 2 Rabu -0.03158 – 0.00224 = -0.03382
    • 1 Kamis 0 – 0.00224 = -0.00224

      Jumat 0 – 0.00224 = -0.00224 Sabtu

      1 0 – 0.00224 = -0.00224 Minggu

      2 0 – 0.00224 = -0.00224 Senin

      3 0.03261 – 0.00224 = 0.03037 3/5/2003

      INCI Hari Return E (R) RTN CAR

      Minggu

    • 3 -0.0625 – (-0.001944) = -0.060556 0.019798

      Senin

    • 2 0 – (-0.001944) = 0.001944
    • 1 Selasa -0.02222 – (-0.001944) = -0.020276

      Rabu 0 – (-0.001944) = 0.001944 Kamis

      1 0 – (-0.001944) = 0.001944 Jumat

      2 0 – (-0.001944) = 0.001944 Sabtu

      3 0.09091 - (-0.001944) = 0.092854 4/3/2003

      BRNA Hari Return E (R) RTN CAR

      Minggu

    • 3 0 - 0.001308 = -0.001308 -0.097216
    • 2 Senin 0 - 0.001308 = -0.001308
    • 1 Selasa -0.03448 - 0.001308 = -0.035788

      Rabu 0 - 0.001308 = -0.001308

      1 Kamis -0.01786 - 0.001308 = -0.019168 Jumat

      2 -0.01786 - 0.001308 = -0.019168

    • 3
    • 2 Senin 0 – 0.006649 = -0.006649
    • 1 Selasa 0 – 0.006649 = -0.006649
    • 3 Selasa 0 – 0.005643 = -0.005643 0.026679
    • 2 Rabu 0.0625 – 0.005643 = 0.0056857
    • 1 Kamis 0 – 0.005643 = -0.005643
    • 0.05882 - 0.005643 = -0.064463

    • 3
    • 2
    • 1
    • 3
    • 2
    • 1
    • 3
    • 0.2 – 0.006912 = -0.206912 -0.248384
    • 2
    • 1

      2 Rabu 0 – 0.000619 = -0.000619

      3 Kamis 0 – 0.000619 = -0.000619

      SMGR

      5/12/2003

      

    Hari Return E (R) RTN CAR

      Jumat 0 – 0.001053 = -0.001053 -0.007371

      Sabtu 0 – 0.001053 = -0.001053

      Minggu 0 – 0.001053 = -0.001053

      Senin 0 – 0.001053 = -0.001053

      2 Rabu 0 – 0.001053 = -0.001053

      1 Selasa 0 – 0.001053 = -0.001053

      3 Kamis 0 – 0.001053 = -0.001053

      BTON

      1/5/2003

      

    Hari Return E (R) RTN CAR

      Jumat

      Sabtu 0 – 0.006912 = -0.006912

      Minggu 0 – 0.006912 = -0.006912

      Senin 0 – 0.006912 = -0.006912

      1 Selasa 0 – 0.006912 = -0.006912

      1 Selasa 0 – 0.000619 = -0.000619

      Senin 0.09091 – 0.000619 = 0.090291

      Minggu 0 – 0.000619 = -0.000619

      IGAR

      DYNA

      3/26/2003

      

    Hari Return E (R) RTN CAR

      Minggu 0.02632 – 0.006649 = 0.019671 0.133617

      Rabu 0 – 0.006649 = -0.006649

      1 Kamis 0.05128 – 0.006649 = 0.044631

      2 Jumat 0.05128 – 0.006649 = 0.044631

      3 Sabtu 0.05128 – 0.006649 = 0.044631

      2/28/2003

      Sabtu 0 – 0.000619 = -0.000619

      

    Hari Return E (R) RTN CAR

      Jumat 0 – 0.005643 = -0.005643

      1 Sabtu 0 – 0.005643 = -0.005643

      2 Minggu

      3 Senin 0.0625 - 0.005643 = 0.056857

      LAPD

      2/24/2003

      

    Hari Return E (R) RTN CAR

      Jumat 0 – 0.000619 = -0.000619 0.086577

      2 Rabu 0 – 0.006912 = -0.006912 Perpustakaan Unika

      Perpustakaan Unika

      3/12/2003

      CTBN Hari Return E (R) RTN CAR

      Sabtu

    • 3 0 – (-0.000595) = 0.000595 0.004165

      Minggu

    • 2 0 – (-0.000595) = 0.000595
    • 1 Senin 0 – (-0.000595) = 0.000595

      Selasa 0 – (-0.000595) = 0.000595 Rabu

      1 0 – (-0.000595) = 0.000595 Kamis

      2 0 – (-0.000595) = 0.000595 Jumat

      3 0 – (-0.000595) = 0.000595 3/5/2003

      LION Hari Return E (R) RTN CAR

      Minggu

    • 3 0 – 0.004145 = -0.004145 -0.029015

      Senin

    • 2 0 – 0.004145 = -0.004145
    • 1 Selasa 0 – 0.004145 = -0.004145

      Rabu 0 – 0.004145 = -0.004145 Kamis

      1 0 – 0.004145 = -0.004145 Jumat

      2 0 – 0.004145 = -0.004145 Sabtu

      3 0 – 0.004145 = -0.004145 2/28/2003

      TBMS Hari Return E (R) RTN CAR

    • 3 Selasa 0 – 0.004234 = -0.004234 -0.029638
    • 2 Rabu 0 – 0.004234 = -0.004234
    • 1 Kamis 0 – 0.004234 = -0.004234

      Jumat 0 – 0.004234 = -0.004234 Sabtu

      1 0 – 0.004234 = -0.004234 Minggu

      2 0 – 0.004234 = -0.004234 Senin

      3 0 – 0.004234 = -0.004234 3/28/2003

      SCCO Hari Return E (R) RTN CAR

      Selasa

    • 3 0 – (0.000464) = 0.000464 0.003248
    • 2 Rabu 0 – (0.000464) = 0.000464
    • 1 Kamis 0 – (0.000464) = 0.000464

      Jumat 0 – (0.000464) = 0.000464 Sabtu

      1 0 – (0.000464) = 0.000464 Minggu

      2 0 – (0.000464) = 0.000464 Senin

      3 0 – (0.000464) = 0.000464 1/24/2003

      ASGR Hari Return E (R) RTN CAR

    • 3 Selasa 0 – 0.0001531 = -0.0001531 -0.0928917
    • 2 Rabu -0.01852 – 0.0001531 = -0.0186731
    • 1 Kamis -0.01852 – 0.0001531 = -0.0186731

      Jumat -0.01852 – 0.0001531 = -0.0186731 Sabtu

      1 -0.03774 – 0.0001531 = -0.0378931 Minggu

      2 0.03922 – 0.0001531 = 0.0390669 Senin

    • 3 Senin 0.04 – (-0.002793) = 0.042793 0.021091
    • 2
    • 0.03846 – (-0.002793) = -0.035667
    • 1 Rabu 0 – (-0.002793) = 0.002793
    • 3
    • 2 Senin 0 – (-0.001542) = 0.001542
    • 1 Selasa 0 – (-0.001542) = 0.001542

      1 Jumat 0 – (-0.003033) = 0.003033

      1 Jumat

      2 Sabtu

      3 Minggu 0 – 0.001167 = -0.001167

      BRAM

      2/27/2003

      Hari Return E (R) RTN CAR

      Kamis 0 – (-0.003033) = 0.003033

      2 Sabtu 0 – (-0.003033) = 0.003033

      Senin 0.02041 – 0.001167 = 0.019243 -0.063139

      3 Minggu 0 – (-0.003033) = 0.003033

      GDYR

      1/16/2003

      Hari Return E (R) RTN CAR

      Kamis 0 – 0.004925 = -0.004925

      1 Jumat 0 – 0.004925 = -0.004925

      2 Sabtu 0 – 0.004925 = -0.004925

      Kamis -0.03846 – 0.001167 = -0.039627

      Hari Return E (R) RTN CAR

      3 Minggu 0 – 0.004925 = -0.004925 Perpustakaan Unika

      3 Minggu 0 – (-0.002793) = 0.002793

      MLPL

      3/27/2003

      Hari Return E (R) RTN CAR

      Selasa

      Kamis 0 – (-0.002793) = 0.002793

      1 Jumat 0 – (-0.002793) = 0.002793

      2 Sabtu 0 – (-0.002793) = 0.002793

      ACAP

      3/6/2003

      2/26/2003

      Hari Return E (R) RTN CAR

      Sabtu 0 – (-0.001542) = 0.001542 0.010794

      Rabu 0 – (-0.001542) = 0.001542

      1 Kamis 0 – (-0.001542) = 0.001542

      2 Jumat 0 – (-0.001542) = 0.001542

      3 Sabtu 0 – (-0.001542) = 0.001542

      AUTO

    • 3
    • 2 Selasa 0 – 0.001167 = -0.001167
    • 1 Rabu 0.04 – 0.001167 = 0.038833
    • 0.03846 – 0.001167 = -0.039627
    • 0.03846 – 0.001167 = -0.039627
    • 3 Senin 0 – (-0.003033) = 0.003033 0.021231
    • 2 Selasa 0 – (-0.003033) = 0.003033
    • 1 Rabu 0 – (-0.003033) = 0.003033
    • 3 Senin 0 – 0.004925 = -0.004925 -0.034475
    • 2 Selasa 0 – 0.004925 = -0.004925
    • 1 Rabu 0 – 0.004925 = -0.004925

    • 3
    • 0.11111 – 0.006428 = -0.117538 -0.190296
    • 2
    • 1 Senin -0.02439 – 0.006428 = -0.030818
    • 0.0241 – 0.006428 = -0.030528
    • 0.0241 – 0.006428 = -0.030528
    • 0.0241 – 0.006428 = -0.030528

    • 3
    • 2 Senin 0 – 0.007383 = -0.007383
    • 1 Selasa 0 – 0.007383 = -0.007383
    • 3
    • 2
    • 1 Senin 0 – (-0.000426) = 0.000426
    • 0.06667 – (-0.000426) = -0.066244
    • 0.02381 – (-0.000426) = -0.023384
    • 3 Senin 0 – 0.0000123 = -0.0000123 -0.0000861
    • 2 Selasa 0 – 0.0000123 = -0.0000123
    • 1 Rabu 0 – 0.0000123 = -0.0000123
    • 3
    • 2
    • 1

      Minggu 0 – (-0.000426) = 0.000426

      Selasa 0 – (-0.000426) = 0.000426

      1 Rabu 0 – (-0.000426) = 0.000426

      2 Kamis

      3 Jumat

      SMSM

      2/27/2003

      Hari Return E (R) RTN CAR

      1 Jumat 0 – 0.0000123 = -0.0000123

      Kamis 0 – 0.0000123 = -0.0000123

      2 Sabtu 0 – 0.0000123 = -0.0000123

      3 Minggu 0 – 0.0000123 = -0.0000123

      SUGI

      2/18/2003

      Hari Return E (R) RTN CAR

      Sabtu 0 – (-0.006785) = 0.006785 -0.174725

      Minggu 0 – (-0.006785) = 0.006785

      Senin 0 – (-0.006785) = 0.006785

      Sabtu 0 – (-0.000426) = 0.000426 -0.087498

      Hari Return E (R) RTN CAR

      3/18/2003

      2 Kamis

      HEXA

      3/11/2003

      Hari Return E (R) RTN CAR

      Sabtu

      Minggu 0.025 – 0.006428 = 0.018572

      Selasa 0.0375 – 0.006428 = 0.031072

      1 Rabu

      3 Jumat

      PRAS

      INTA

      3/26/2003

      Hari Return E (R) RTN CAR

      Minggu 0 – 0.007383 = -0.007383 -0.051681

      Rabu 0 – 0.007383 = -0.007383

      1 Kamis 0 – 0.007383 = -0.007383

      2 Jumat 0 – 0.007383 = -0.007383

      3 Sabtu 0 – 0.007383 = -0.007383

      Selasa 0 – (-0.006785) = 0.006785 Perpustakaan Unika

    • 3 Selasa 0.01923 – 0.000867 = 0.018363 -0.066478
    • 2 Rabu -0.01887 – 0.000867 = -0.02754
    • 1 Kamis -0.01887 – 0.000867 = -0.02754
    • 0.01923 – 0.000867 = -0.020097
    • 3

    • 2
    • 0.01818 – 0.001519 = -0.019699
    • 1
    • 3
    • 2
    • 1 Selasa 0 - 0.0020971 = -0.0020971
    • 0.03191 - 0.0020971 = -0.0340071
    • 0.03191 - 0.0020971 = -0.0340071
    • 0.03297 - 0.0020971 = -0.0350671
    • 3 Senin 0 – (-0.001777) = 0.001777 -0.075791
    • 2 Selasa -0.02941 - (-0.001777) = -0.027633
    • 1 Rabu 0.0303 - (-0.001777) = 0.032077
    • 0.02941 - (-0.001777) = -0.027633
    • 3 Senin 0 – (-0.001639) = 0.001639 0.011473
    • 2 Selasa 0 – (-0.001639) = 0.001639
    • 1 Rabu 0 – (-0.001639) = 0.001639

      Minggu 0.01075 – 0.0020971 = 0.0086529 -0.1326297

      Senin 0 - 0.0020971 = -0.0020971

      Rabu -0.03191 - 0.0020971 = -0.0340071

      1 Kamis

      2 Jumat

      3 Sabtu

      KAEF

      Hari Return E (R) RTN CAR

      3/27/2003

      Kamis 0 – (-0.001777) = 0.001777

      1 Jumat 0 – (-0.001777) = 0.001777

      2 Sabtu 0 – (-0.001777) = 0.001777

      3 Minggu

      MERK

      1/16/2003

      Hari Return E (R) RTN CAR

      Hari Return E (R) RTN CAR

      DNKS

      3/5/2003

      UNTR

      TURI

      3/29/2003

      Hari Return E (R) RTN CAR

      Jumat -0.01887 – 0.000867 = -0.02754

      1 Sabtu 0 – 0.000867 = -0.000867

      2 Minggu

      3 Senin 0.01961 – 0.000867 = 0.018743

      3/19/2003

      3 Sabtu 0 – 0.001519 = -0.001519

      Hari Return E (R) RTN CAR

      Minggu 0 – 0.001519 = -0.001519 0.026067

      Senin

      Selasa 0.01852 – 0.001519 = 0.017001

      Rabu 0 – 0.001519 = -0.001519

      1 Kamis 0.03636 – 0.001519 = 0.034841

      2 Jumat 0 – 0.001519 = -0.001519

      Kamis 0 – (-0.001639) = 0.001639 Perpustakaan Unika

    • 3
    • 2 Senin 0 – (-0.00264) = 0.00264
    • 1 Selasa 0 – (-0.00264) = 0.00264

    • 3

    • 2
    • 1 Selasa 0 – 0.003801 = -0.003801
    • 0.02273 – 0.003801 = -0.026531
    • 0.02273 – 0.003801 = -0.026531
    • 0.05814 – 0.003801 = -0.061941
    • 3
    • 2
    • 1 Senin 0.03279 - (-0.000774) = 0.033564
    • 3 Senin 0.04762 – 0.005643 = 0.041977 -0.080611
    • 2 Selasa -0.04545 – 0.005643 = -0.051093
    • 1 Kamis -0.04545 – 0.005643 = -0.051093
    • 3
    • 2

      Sabtu 0.01667 – (-0.000774) = 0.017444 0.102488

      Minggu 0 - (-0.000774) = 0.000774

      Selasa 0 - (-0.000774) = 0.000774

      1 Rabu 0.01587 - (-0.000774) = 0.016644

      2 Kamis 0.01587 - (-0.000774) = 0.016644

      3 Jumat 0.01587 - (-0.000774) = 0.016644

      MRAT

      4/14/2003

      Jumat -0.04545 – 0.005643 = -0.051093

      Hari Return E (R) RTN CAR

      1 Sabtu 0.04762 – 0.005643 = 0.041977

      2 Minggu 0 – 0.005643 = -0.005643

      3 Senin 0 – 0.005643 = -0.005643

      UNVR

      3/31/2003

      Hari Return E (R) RTN CAR

      Jumat 0.01111 – (-0.000477) = 0.011587 0.025679

      Sabtu 0.01111 – (-0.000477) = 0.011587

      Hari Return E (R) RTN CAR

      TCID

      2/11/2003

      3 sabtu

      PYFA

      3/27/2003

      Hari Return E (R) RTN CAR

      Minggu 0 – (-0.00264) = 0.00264 0.01848

      Rabu 0 – (-0.00264) = 0.00264

      1 Kamis 0 – (-0.00264) = 0.00264

      2 Jumat 0 – (-0.00264) = 0.00264

      0 – (-0.00264) = 0.00264

      3 Sabtu

      TSPC

      3/5/2003

      Hari Return E (R) RTN CAR

      Minggu 0 – 0.003801 = -0.003801 -0.152937

      Senin 0 – 0.003801 = -0.003801

      Rabu -0.02273 – 0.003801 = -0.026531

      1 Kamis

      2 Jumat

      Minggu 0.01111 – (-0.000477) = 0.011587 Perpustakaan Unika

    • 1

    ABNORMAL RETURN DAN CAR 2003 AQUA

      Minggu 0 – (-0.000359) = 0.000359 0.052183

      3/31/2004

      Hari Return E (R) RTN CAR

    • 3
    • 2 Senin 0 – (-0.000359) = 0.000359
    • 1 Selasa 0 – (-0.000359) = 0.000359
    • 3 Selasa 0 – 0.000227 = -0.000227 0.028095
    • 2 Rabu 0 – 0.000227 = -0.000227
    • 1 Kamis 0.01961 – 0.000227 = -0.019383

      Rabu 0 – (-0.000359) = 0.000359

    • 3 Selasa 0 – 0.000818 = -0.000818 -0.005726
    • 2 Rabu 0 – 0.000818 = -0.000818
    • 1 Kamis 0 – 0.000818 = -0.000818
    • 3 Selasa -0.02941 – 0.0058365 = -0.0352465 0.024691
    • 2 Rabu 0.0303 – 0.0058365 = 0.0244635
    • 1 Kamis 0 – 0.0058365 = -0.0058365
    • 3
    • 2
    • 1
    • 3

      INDF

      Senin 0 – (-0.001735) = 0.001735 Perpustakaan Unika

      Minggu 0 – (-0.001735) = 0.001735

      Sabtu 0 – (-0.001735) = 0.001735

      Jumat 0 – (-0.001735) = 0.001735 0.012145

      Hari Return E (R) RTN CAR

      1/19/2004

      MLBI

      3 Senin 0.02941 – 0.0058365 = 0.0235735

      2 Minggu 0 – 0.0058365 = -0.0058365

      1 Sabtu 0 – 0.0058365 = -0.0058365

      Jumat 0 – 0.0058365 = -0.0058365

      Hari Return E (R) RTN CAR

      2/20/2004

      2 Minggu 0 – 0.000818 = -0.000818

      3 Senin 0 – 0.000818 = -0.000818

      1 Kamis 0.04967 – (-0.000359) = 0.050029

      1 Sabtu 0 – 0.000818 = -0.000818

      Hari Return E (R) RTN CAR

      3/26/2004

      FAST

      3 Senin 0.00962 – 0.000227 = 0.009393

      2 Minggu 0 – 0.000227 = -0.000227

      1 Sabtu 0.01961 – 0.000227 = -0.019383

      Jumat 0.01961 – 0.000227 = -0.019383

      Hari Return E (R) RTN CAR

      2/20/2004

      DLTA

      3 Sabtu 0 – (-0.000359) = 0.000359

      2 Jumat 0 – (-0.000359) = 0.000359

      Jumat 0 – 0.000818 = -0.000818

    • 2
    • 1
    • 3
    • 2 Senin 0 – 0.001709 = -0.001709
    • 1 Selasa 0.05263 – 0.001709 = 0.050921

      2 Sabtu 0 – (-0.000458) = 0.000458

      2 Jumat 0.01695 – (0.0009) = 0.01785

      3 Sabtu 0.01695 – (0.0009) = 0.01785

      BATI

      1/23/2004

      

    Hari Return E (R) RTN CAR

      Senin 0 – (-0.000458) = 0.000458 0.003206

      Kamis 0 – (-0.000458) = 0.000458

      1 Jumat 0 – (-0.000458) = 0.000458

      3 Minggu 0 – (-0.000458) = 0.000458

      Rabu -0.04839 – (0.0009) = -0.04749

      GGRM

      3/29/2004

      

    Hari Return E (R) RTN CAR

      Jumat

      Sabtu

      Minggu

      Senin 0.00791 – 0.001433 = 0.006477

      1 Selasa 0.01961 – 0.001433 = 0.018177

      2 Rabu

      1 Kamis 0.01695 – (0.0009) = 0.01785

      Minggu 0 – (0.0009) = 0.0009 -0.1082

      Kamis Perpustakaan Unika

      3 Kamis 0.02941 – 0.005584 = 0.023826

      SHDA

      1/19/2004

      

    Hari Return E (R) RTN CAR

      Jumat 0 – 0.005584 = -0.005584 0.102482

      Sabtu 0 – 0.005584 = -0.005584

      Minggu 0 – 0.005584 = -0.005584

      Senin 0.03279 – 0.005584 = 0.027206

      1 Selasa 0.07937 – 0.005584 = 0.073786

      2 Rabu 0 – 0.005584 = -0.005584

      STTP

      

    Hari Return E (R) RTN CAR

      3/31/2004

      

    Hari Return E (R) RTN CAR

      Minggu 0 – 0.001709 = -0.001709 0.127817

      Rabu -0.075 – 0.001709 = -0.076709

      1 Kamis 0.05405 – 0.001709 = 0.052341

      2 Jumat 0.05405 – 0.001709 = 0.052341

      3 Sabtu 0.05405 – 0.001709 = 0.052341

      ULTJ

      3/31/2004

    • 3
    • 2 Senin -0.08571 – (0.0009) = -0.08481
    • 1 Selasa -0.03125 – (0.0009) = -0.03035
    • 3
    • 2 Selasa 0 – (-0.000458) = 0.000458
    • 1 Rabu 0 – (-0.000458) = 0.000458
    • 3
    • 0.01556 – 0.001433 = -0.016993 -0.029131
    • 2
    • 0.01556 – 0.001433 = -0.016993
    • 1
    • 0.01556 – 0.001433 = -0.016993
    • 0.00769 – 0.001433 = -0.009123

      Perpustakaan Unika

      3/10/2004

      HMSP Hari Return E (R) RTN CAR

      Minggu

    • 3 -0.0202 – 0.003371 = -0.023571 -0.206916
    • 2 Senin -0.1031 – 0.003371 = -0.106471
    • 1 Selasa -0.02083 – 0.003371 = -0.024201

      Rabu 0 – 0.003371 = -0.003371 Kamis

      1 -0.02128 – 0.003371 = -0.024651 Jumat

      2 -0.02128 – 0.003371 = -0.024651 Sabtu

      3 -0.02128 – 0.003371 = -0.024651 3/3/2004

      PBRX Hari Return E (R) RTN CAR

      Minggu

    • 3 -0.01389 – (-0.000713) = -0.013177 0.005181
    • 2 Senin 0 – (-0.000713) = 0.000713
    • 1 Selasa 0.01408 – (-0.000713) = 0.014793

      Rabu 0 – (-0.000713) = 0.000713 Kamis

      1 0 – (-0.000713) = 0.000713 Jumat

      2 0 – (-0.000713) = 0.000713 Sabtu

      3 0 – (-0.000713) = 0.000713 3/26/2004

      BATA Hari Return E (R) RTN CAR

    • 3 Selasa 0 – (-0.000764) = 0.000764 0.005348
    • 2 Rabu 0 – (-0.000764) = 0.000764
    • 1 Kamis 0 – (-0.000764) = 0.000764

      Jumat 0 – (-0.000764) = 0.000764 Sabtu

      1 0 – (-0.000764) = 0.000764 Minggu

      2 0 – (-0.000764) = 0.000764 Senin

      3 0 – (-0.000764) = 0.000764 6/20/2004

      TIRT Hari Return E (R) RTN CAR

      Jumat

    • 3 0 – 0.004534 = -0.004534 -0.122648

      Sabtu

    • 2 0 – 0.004534 = -0.004534

      Minggu

    • 1 0 – 0.004534 = -0.004534

      Senin 0 – 0.004534 = -0.004534

      Selasa 1 0 – 0.004534 = -0.004534

      Rabu 2 0 – 0.004534 = -0.004534

      Kamis 3 -0.09091 - 0.004534 = -0.095444

      3/30/2004

      CLPI Hari Return E (R) RTN CAR

      Sabtu

    • 3 0 – 0.000864 = -0.000864 0.015232

      Minggu

    • 2 0 – 0.000864 = -0.000864
    • 1 Senin 0 – 0.000864 = -0.000864

      Selasa 0 – 0.000864 = -0.000864 Rabu

      1 0.02128 – 0.000864 = 0.020416 Kamis

      2 0 – 0.000864 = -0.000864 Jumat

      Perpustakaan Unika

      3/24/2004

      LTLS Hari Return E (R) RTN CAR

      Minggu

    • 3 0 – 0.00151 = -0.00151 -0.08169

      Senin

    • 2 -0.01754 – 0.00151 = -0.01905
    • 1 Selasa 0 – 0.00151 = -0.00151

      Rabu 0 – 0.00151 = -0.00151 Kamis

      1 -0.01786 – 0.00151 = -0.01937 Jumat

      2 -0.01786 – 0.00151 = -0.01937 Sabtu

      3 -0.01786 – 0.00151 = -0.01937 2/18/2004

      UNIC Hari Return E (R) RTN CAR

      Minggu

    • 3 0 – 0.005053 = -0.005053 -0.457481
    • 2 Senin 0 – 0.005053 = -0.005053
    • 1 Selasa 0 – 0.005053 = -0.005053

      Rabu 0.01754 – 0.005053 = 0.012487 Kamis

      1 -0.14655 – 0.005053 = -0.151603 Jumat

      2 -0.14655 – 0.005053 = -0.151603 Sabtu

      3 -0.14655 – 0.005053 = -0.151603 2/27/2004

      EKAD Hari Return E (R) RTN CAR

    • 3 Selasa 0 – (0.005019) = 0.005019 -0.165577
    • 2 Rabu -0.02439 – (-0.005019) = -0.019371
    • 1 Kamis -0.05 – (0.005019) = -0.044981

      Jumat -0.05 – (0.005019) = -0.044981 Sabtu

      1 -0.05 – (0.005019) = -0.044981 Minggu

      2 -0.02632 – (0.005019) = -0.021301 Senin

      3 0 – (0.005019) = 0.005019 3/5/2004

      INCI Hari Return E (R) RTN CAR

    • 3 Selasa 0.01562 – (-0.000431) = -0.165577 0.079707
    • 2 Rabu 0.01538 – (-0.000431) = 0.016051
    • 1 Kamis 0.01515 – (-0.000431) = 0.015581

      Jumat 0.01515 – (-0.000431) = 0.015581 Sabtu

      1 0.01515 – (-0.000431) = 0.015581 Minggu

      2 0 – (-0.000431) = 0.000431 Senin

      3 0 – (-0.000431) = 0.000431 3/24/2004

      BRNA Hari Return E (R) RTN CAR

      Minggu

    • 3 0 – (0.001564) = 0.001564 0.050128

      Senin

    • 2 -0.01887 – (0.001564) = -0.017306
    • 1 Selasa 0.01923 – (0.001564) = 0.020794

      Rabu 0.01923 – (0.001564) = 0.020794 Kamis

      1 0.01923 – (0.001564) = 0.020794 Jumat

      2 -0.01887 – (0.001564) = -0.017306 Sabtu

      Perpustakaan Unika

      3/18/2004

      DYNA Hari Return E (R) RTN CAR

    • 3 Senin -0.01429 -0.006463 = -0.020753 -0.065164

      Selasa

    • 2 0.01449 -0.006463 = 0.008027
    • 1 Rabu 0.01429 -0.006463 = 0.007827

      Kamis -0.01408 -0.006463 = -0.020543 Jumat

      1 -0.01408 -0.006463 = -0.020543 Sabtu

      2 -0.01408 -0.006463 = -0.020543 Minggu

      3 0 -0.006463 = -0.006463 3/5/2004

      IGAR Hari Return E (R) RTN CAR

    • 3 Selasa 0 – 0.001854 = -0.001854 0.098142
    • 2 Rabu 0 – 0.001854 = -0.001854
    • 1 Kamis 0.03704 – 0.001854 = 0.035186

      Jumat 0.03704 – 0.001854 = 0.035186 Sabtu

      1 0.03704 – 0.001854 = 0.035186 Minggu