JANUARY EFFECT ANALYSIS, AND STOCK RISK ON STOCK RETURN IN COAL COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE 2017 - 2022

Abstract

The purpose of this research study is to test whether coal stock prices have an influence relationship with stock return volatility during the Covid-19 pandemic. The sampling technique in this research use the purposive sampling technique, where the object of research used is sharing, which are shares of coal companies. The research data processing was carried out using Excel. Results showed that in the period of the research conducted by the researcher, it was found that the January Effect occurred in 2017, 2018, 2019 and 2022. The benefit of this research is to find out whether there is a January effect in the research period, which begins from 2017 – to 2022, so that investors are aware of the information and know the right time when they want to buy coal shares.