Main Article Content
The research objective of this portfolio is to analyze the optimal portfolio IDX-30 and its portfolio of LQ-45 with CAPM method in IDX. This research uses descriptive quantitative method. IDX-30 and LQ-45 in the Stock Exchange of the period January 2013 - December 2018 the population in the study. A Purposive sampling technique used in determining the sample. Data analysis using Microsoft Excel, from this research are, a). Based on the results of the expected return and risk of IDX-30 and LQ-45, which can be seen from an analysis of individual stocks with a CAPM portfolio. Then the chosen CAPM portfolio, because it produces a good return and minimal risk. And the highest shares of IDX-30 and LQ-45 are TLKM. with the IDX-P13 return result of 6.5809 and a risk of 7.14%. and LQ-45 P20 return of 6.5764 with a risk of 7.89%.b). Optimal portfolios formed using CAPM provide better investment returns than individual shares, because CAPM offers a higher expected return and minimum risk than individual shares. While the optimal portfolio performance of IDX-30 shares evaluated using CAPM is better than the optimal portfolio performance of LQ-45 shares.
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share— copy and redistribute the material in any medium or format
- Adapt— remix, transform, and build upon the material for any purpose, even commercially.
The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution— You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions— You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
- You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation.
- No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rightsmay limit how you use the material.
Hartono, Jogiyanto. (2015). Portfolio Theory and Investment Analysis tenth edition, Yogyakarta: Yogyakarta BPFE.
Jayana, Nur Sarva. (2018). Selection Of Leanding Sectors Share Portfolio Using Capital Asset Pricing Model (CAPM) In Indonesia Stock Exchange (IDX) Period February 2012 – March 2016. IJISRT, Vol. 3, No 2456-2165.
Markowitz, Harry M, (1999). "The Early History of Portfolio Theory: 1600-1960", Financial Analysis Journal, p.5-16.
Sharpe, William, (1963), A Simplified Model for Portfolio Analysis, Management Science, Vol.9, No. 2, pp. 277-293.
Sharpe, William F. (1995). The Journal of Portfolio Management at Stanford University. 425-442.
Sharpe, WilliamF., Alexander, Gordon J., Jeffery V. Bailey (2005). Investment, Prentince Hall. Inc., New Jersey
Sihombing, Pardomuan. (2014). Determinants Government Bond Yield Curve (SUN). Bogor: Dissertation IPB.
Sukarno, Mokhamad. (2007). "Analysis of Optimal Equity Portfolio Formation Method Using Single Index in Jakarta Stock Exchange". Thesis. Management Program at Diponegoro. Semarang.
Tandelilin, Eduardus. (2010). Investment Analysis and Portfolio Management. First Edition, First Printing, Yogyakarta: Yogyakarta BPFE.