Khoirunnisa Puspa Negari

Application of Agglomerative Hierarchical Clustering Based on Rolling Horizon and Minimum Variance in IDX30 Stock Portfolio Optimization

Portfolio diversification is a strategy to reduce investment risk by spreading assets across stocks with different movement patterns. However, most investors tend to select stocks based on highest historical returns and exhibit herding behavior without considering inter-stock correlations, risking undiversified portfol...