Analisis Portofolio Optimum Perusahaan Agribisnis Di Bursa Efek Indonesia

Ikrama Masloman • Christian R. Dien • Steelma V. Rantung
Journal article Akulturasi - Jurnal Ilmiah Agrobisnis Perikanan • April 2013 Indonesia

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(Bahasa Indonesia, 4 pages)

Abstract

Investment decision process is an understanding of the relationship between risk and return that is expected by an investor. An investor who will invest reasonably to derive the maximum possible benefit. In general economics and special science of investing there is an assumption that investors are rational beings. Rational investor would choose stocks that provide maximum return or minimum risk, and this attitude is held by the risk averse. This study is conducted by using secondary data obtained from the Center for Capital Market Reference or Pusat Referensi Pasar Modal (PRP. M) in IDX (Indonesia Stock Exchange) at the Jakarta headquarters and representative offices Manado. The company is a joint field agribusiness studied in the period February 2011 - February 2012. The processed data is taken from the data in the study JCI, stock prices and dividends. Data were analyzed using a model of a single index. This model analyzes the variables of share and market in shaping the optimal portfolio The method of data analysis in this study using the value Excess Return to Beta (ERB) of each stock, and then narrow down the value of the shares with Cutoff Point (Ci). When ERB > Ci then, the stock is included in the optimal portfolio. However, if the ERB < Ci, then the stock is not included in the optimal portfolio. The study was being conducted in April-May 2012. The results showed that 4 of 9 shares of Agribusiness, namely Agro Astra Lestari Tbk, bahtera Adimina Samudera Tbk, inti Agri Resources Tbk, and Multibreeder Adirama are classified as an optimum portfolio, which has a positive value of ERB that is greater than Ci, or the rate of return over of the risks that may be encountered by the portfolio.

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Akulturasi - Jurnal Ilmiah Agrobisnis Perikanan

Akulturasi is a journal published by Sam Ratulangi University in Indonesia that covers topics on ... see more