PDF · 19 pages · Indonesian
When IHSG falls, everything falls with it.
Why low-beta stocks don't protect you on IDX, why Betting Against Beta works in 19 developed markets but not here, and which assets held up in the last four big IHSG drawdowns, measured in rupiah.
- Beta for 936 IDX stocks and a Betting Against Beta test rebuilt on IDX
- The US dollar, gold, the S&P 500, bonds and money-market funds across four drawdowns since 2018
- Five portfolio mixes, what to expect in a selloff and a seven-point checklist