Analisis Portofolio Optimal Pada Saham Lq45 Menggunakan Harga Tertinggi, Harga Terendah, Dan Close Price Dalam Keputusan Investasi (Studi Pada Bursa Efek Indonesia Periode 2012-2014)

Amelinda Islamey • Suhadak Suhadak • Nila Firdausi Nuzula
Journal article Jurnal Administrasi Bisnis S1 Universitas Brawijaya • May 2016 Indonesia

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(Bahasa Indonesia, 11 pages)

Abstract

This study applies descriptive research and quantitative approach upon 18 company's shares as the research samples. The samples are determined purposively after considering whether the shares listed in LQ-45 were included in the index, regular give dividends, and not doing the stock split during 2012-2014. Single Indeks Model is used in data analyzing. Fundings show that the optimal portfolio formed based on the highest stock price consists of 6 companies's stock are BBCA(34,00%), BBRI(45,18%), BBNI(14,91%), CPIN(2,78%), UNVR(1,00%), and BMRI(2,13%). This portfolio is resulting 1,74% return with 0,43% risk. Meanwhile, the optimal portfolio formed based on the lowest stock price consists of 4 companies's stock are UNVR(25.23%), BBCA(50.69%), BBRI(14.53%), and SMGR(9.55%). This portfolio is resulting 1,87% return and having 0,39% risk. The optimal portfolio formed based on close price consist of 6 companies's stock are UNVR(19,99%), BBCA(27,93%), BBRI(27,70%), BBNI(12,23%), INDF(3,85%), and BMRI(8,31%). This portfolio is resulting 1,85% return with 0,49% risk. Based on the research result, stocks of UNVR, BBCA, and BBRI are always chosen as the candidates of optimal portfolio.

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Jurnal Administrasi Bisnis S1 Universitas Brawijaya

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