PEMILIHAN SAHAM YANG OPTIMAL MENGGUNAKAN CAPITAL ASSET PRICING MODEL (CAPM)
<p><em>Optimal portfolio is the basis for investors to invest in stock. Capital Asset Pricing Model (CAPM) is a method to determine the value of the risk and return of a company stock. This research use</em><em>s</em><em> </em><em>a </em><em&g...
| Main Authors: | , |
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| Format: | Article |
| Language: | Indonesian |
| Published: |
Universitas Merdeka Malang
2017-08-01
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| Series: | Jurnal Manajemen Dan Kewirausahaan |
| Online Access: | http://jurnal.unmer.ac.id/index.php/jmdk/article/view/1315 |
| Summary: | <p><em>Optimal portfolio is the basis for investors to invest in stock. Capital Asset Pricing Model (CAPM) is a method to determine the value of the risk and return of a company stock. This research use</em><em>s</em><em> </em><em>a </em><em>secondary data from the closing price of the monthly stock price (monthly closing price), Stock Price Index (SPI), and the monthly SBI rate. </em><em>The s</em><em>amples </em><em>of this research are</em><em> 41 stocks in LQ45 February-July 2015 on the Indonesian Stock Exchange (ISE). The study period </em><em>is </em><em>during 5 year from October 2010 - October 2015. The result of analysis shows that the optimal portfolio consists of 18 companie</em><em>s.</em><em> Th</em><em>e</em><em> average return of the optimal portfolio is higher than the average risk-free return (SBI rate) and the average market return. This proves that investing in stocks is more profitable than a risk-free investment.</em></p> <p>�</p> <p><strong><em> </em></strong><strong><em>Keywords</em></strong><strong>: </strong><em>Stock, CAPM, return, risk</em></p><p>�</p> |
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| ISSN: | 2301-9093 2540-8259 |