The Influence of Sharpe, Treynor, and Jensen Indexes on the Performance of LQ45 Stock Portfolios Listed on the Indonesia Stock Exchange for the Period 2020-2022

Abstract

This research aims to determine whether the Sharpe, Treynor and Jensen indices have a positive and significant The purpose of this study is to ascertain whether the performance of LQ45 stock portfolios listed on the Indonesia Stock Exchange during the 2020-2022 period is positively and significantly influenced by the Sharpe, Treynor, and Jensen indices. The data collection method of this study includes quantitative documentation. Panel data regression analysis and descriptive statistical analysis are the data analysis methods used. and testing the E-Views hypothesis. The findings indicated that, for the 2020–2022 period, the performance of the LQ45 stock portfolio listed on the Indonesia Stock Exchange was positively and significantly impacted by the sharpe index, but not by the treynor index, which had a negligible and positive impact. Conversely, the performance of the LQ45 stock portfolio listed on the Indonesia Stock Exchange between 2020–2022 was positively and significantly impacted by the jensen index. Concurrently, the performance of LQ45 stock portfolios listed on the Indonesia Stock Exchange for the 2020–2022 timeframe is positively and significantly impacted by the Jensen, Treynor, and Sharpe indices.