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...

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Main Authors: Dioda Ardi Wibisono, Krisnawuri Handayani
Format: Article
Language:Indonesian
Published: Universitas Merdeka Malang 2017-08-01
Series:Jurnal Manajemen Dan Kewirausahaan
Online Access:http://jurnal.unmer.ac.id/index.php/jmdk/article/view/1315
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author Dioda Ardi Wibisono
Krisnawuri Handayani
author_facet Dioda Ardi Wibisono
Krisnawuri Handayani
author_sort Dioda Ardi Wibisono
collection DOAJ
description <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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spelling doaj.art-5aac5b35ee504abe9872da0289be24992022-12-22T01:38:03ZindUniversitas Merdeka MalangJurnal Manajemen Dan Kewirausahaan2301-90932540-82592017-08-0151995PEMILIHAN SAHAM YANG OPTIMAL MENGGUNAKAN CAPITAL ASSET PRICING MODEL (CAPM)Dioda Ardi Wibisono0Krisnawuri Handayani1University of Merdeka MalangUniversity of Merdeka Malang<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>http://jurnal.unmer.ac.id/index.php/jmdk/article/view/1315
spellingShingle Dioda Ardi Wibisono
Krisnawuri Handayani
PEMILIHAN SAHAM YANG OPTIMAL MENGGUNAKAN CAPITAL ASSET PRICING MODEL (CAPM)
Jurnal Manajemen Dan Kewirausahaan
title PEMILIHAN SAHAM YANG OPTIMAL MENGGUNAKAN CAPITAL ASSET PRICING MODEL (CAPM)
title_full PEMILIHAN SAHAM YANG OPTIMAL MENGGUNAKAN CAPITAL ASSET PRICING MODEL (CAPM)
title_fullStr PEMILIHAN SAHAM YANG OPTIMAL MENGGUNAKAN CAPITAL ASSET PRICING MODEL (CAPM)
title_full_unstemmed PEMILIHAN SAHAM YANG OPTIMAL MENGGUNAKAN CAPITAL ASSET PRICING MODEL (CAPM)
title_short PEMILIHAN SAHAM YANG OPTIMAL MENGGUNAKAN CAPITAL ASSET PRICING MODEL (CAPM)
title_sort pemilihan saham yang optimal menggunakan capital asset pricing model capm
url http://jurnal.unmer.ac.id/index.php/jmdk/article/view/1315
work_keys_str_mv AT diodaardiwibisono pemilihansahamyangoptimalmenggunakancapitalassetpricingmodelcapm
AT krisnawurihandayani pemilihansahamyangoptimalmenggunakancapitalassetpricingmodelcapm