Anthony Satyanegara_Abstract_1632012

PORTOFOLIO SAHAM OPTIMAL MENGGUNAKAN SINGLE INDEX MODEL PADA SELURUH KANTOR SEKURITAS

DI KOTA MALANG

 

Anthony Satyanegara
Tarsisius Renald Suganda
Jurusan Akuntansi Fakultas Ekonomi dan Bisnis Universitas Ma Chung Malang
Villa Puncak Tidar N-01 Malang, 65151.

  • Korespondensi dengan Penulis:
  • Tarsisius Renald Suganda: Telp. /Faks. +62 341 550 171
  • Email: renald.suganda@machung.ac.id

 

Abstract

Investment was the commitment of funds to one or more assets that would be held over some future time period. The goal of doing investment was to get the best return. Investment portfolio was one of the main considerations to achieve the goal. This study aimed to establish the optimal stock portfolio using stock mutual fund product data which was obtained from the survey results on securities office in Malang City in 2011 as a research population. Research method used was Single Index Model and data used were daily stock prices for 47 shares in 2011. The results of this study indicated that there were twelve stocks in the optimal portfolio, namely: JKON, KAEF, TSPC, BKSL, BFIN, MAPI, KKGI, BHIT, CTRA, GGRM, MYOR. Based on the calculation, the result was 76.71% for portfolio expected return and 7.23% for portfolio risk in 1 year.

 Key words: investment, return portfolio, portfolio risk, optimal portfolio, single index model 

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Sari Yuniarti_abstract_1432010

PEMBENTUKAN PORTOFOLIO OPTIMAL SAHAM – SAHAM PERBANKAN DENGAN MENGGUNAKAN MODEL INDEKS TUNGGAL

Sari Yuniarti
Program D-III Keuangan dan Perbankan Universitas Merdeka Malang
Jl.Terusan Raya Dieng No.57 Malang 65146

Korespondensi dengan Penulis:
Sari Yuniarti: Telp. + 62 341 568 395 Ext. 544
E-mail: jurkubank@yahoo.com

Abstract
When Investor making an investment, they willing to get an optimal return, but on the reality, investor faced by uncertainty called risk. By making  diversification, investor can be done by forming combination of portfolio to reduce the rate of  risk and optimizes the rate of expected return. This research aimed at analyzing the form of optimal portfolio at the stocks of banking by using Single Index Model based on portfolio chosen theory which was increased first time by Markowitz (1952). Data used was secondary data consisting the data of banking stocks price which was in LQ-45 during 2009. By using single index model where the combination of optimal portfolio was consisted of return and risk level of banking stock individually, composition of each candidate forming optimal portfolio was stock of BRI Bank, BCA, and BNI

Key words: optimal portfolio, single index model, banking stock.

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