Article Sidebar

Download
PDF
Statistic
Read Counter : 310 Download : 403

Main Article Content

Abstract

The purpose of this study is to analyze the formation of an optimal stock portfolio and provide the expected rate of return and minimum portfolio risk. This type of research is descriptive with a quantitative approach. The data used in this study is secondary data, consisting of closing prices, market index (LQ45 index), seven-day repo rate, beta and alpha for the periods June 2019-June 2020 and June 2020-June 2021. The data analysis method uses Microsoft Excel program to calculate LQ45 stock index in optimal portfolio formation. The results of the study show that there are seven stocks that perform well and form an optimal portfolio, which can be sorted by stock performance, namely: MIKA (44%); JPFA (24%); ITMG (12%); INKP (11%); INDF (6%); PGAS (1%), and PTPP (2%). which produces an expected portfolio return of 13.00% and a portfolio risk level of 19.22%. Of the ten sample companies used in the study, there were three issuers that were not optimal, namely:INTP;MNCN;and PTBA, due to the value of ERB C.

Keywords

Expected Return Risk Sigel Index Model Closing Price Indeks LQ45

Article Details

References

  1. Anggraini D, Suharti T, Nurhayati I. 2020. Analisis Metode Indeks Tunggal Dalam Pembentukan Portofolio Optimal. Manag. J. Ilmu Manaj. 2: 494.
  2. Anggraeni RW, Mispiyanti M. 2020. Analisis Pembentukan Portofolio Optimal Saham dengan Menggunakan Model Indeks Tunggal (Studi Kasus pada Perusahaan Terdaftar ii Indeks Sri-Kehati Periode 2016-2018). J. Ilm. Mhs. Manajemen, Bisnis dan Akunt. 2: 47–54.
  3. Chintya, N. (2017). Pembentukan Portofolio Optimal Dengan Menggunakan Model INdeks Tunggal dan Model Markowitz. Skripsi. Universitas Sriwijaya.
  4. Dian C. 2020. Pembentukan Portofolio Optimal Pada Beberapa Indeks Saham Menggunakan Model Markowizt. J. Akunt. Muhammadiyah 10: 149–159
  5. Halim A. 2015. Analisis Investasi Dan Aplikasinya Dalam Aset Keuangan Dan Aset Riil. Jakarta: Salemba Empat
  6. Hartono J. 2013. Teori Portofolio dan Analisis Investasi, 8e. Yogyakarta: BPFE
  7. Husnan S. 2019. Dasar-Dasar Teori Portofolio dan Analisis Sekuritas. Yogyakarta: UPP AMP YKPN.
  8. Jogiyanto. 2010. Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE.
  9. Robi. 2008. Analisis Portofolio Optimal Saham-saham LQ-45 pada Periode Agustus 2005–Juli 2006 dengan Metode Single Index Model di Bursa Efek Jakarta. Jurnal Business & Management Journal Bunda Mulia, 4(1): 2-22.
  10. Septyanto, D., & Kertopati, B. (2014). Analisis Pembentukan Portofolio Dengan Menggunakan Model Markowitz dan Single Index Model Pada Saham yang Masuk Dalam Indeks LQ45 di Bursa Efek Indonesia Tahun 2009-2013. Finance and Banking Journal, 16(1410-8623), 140– 156. http://journal.perbanas.id/index.php/ jkp/article /view/206
  11. Tandelilin E. 2009. Pasar Modal Manajemen Portofolio dan Investasi. Yogyakarta: PT. Kanisius.
  12. Yanti ER. 2020. Dampak Struktur Aktiva, Profitabilitas, Rasio Hutang, Pertumbuhan Penjualan Dan Ukuran Perusahaan Terhadap Struktur Modal Dan Harga Saham. J. Adm. Kant. 8: 173–184.