Jakarta Islamic Index-L 45: Rate Financial Performance, Beta Stocks and Stock Price in Indonesian Stock Exchange

This research analyzes the effect of financial performance and stock beta (systematic risk) on the stock price of eight listed companies in the Jakarta Islamic Index (JII)–LQ 45 for the period of 2012-2014. The data was gathered through a literature review and documentation of financial statements. Multiple regressions were used to measure the effect of independent variable towards dependent variable along with ttest and F test. The results based on overall test suggested that only ROE and NPM had opposite direction correlation with the stock price, meanwhile other variables had a positive direction correlation. From the partial test with 5% level of significance, only EPS and PER had significant effect on stock price while other variables had no effect.