PENERAPAN METODE CAPM SEBAGAI DASAR PENGAMBILAN KEPUTUSAN INVESTASI SAHAM PADA PERUSAHAAN YANG LISTING DI BURSA EFEK JAKARTA
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Institusion
Universitas Muhammadiyah Malang
Author
NOVAYANTI, EKA AURINA
Subject
HB Economic Theory
Datestamp
2012-06-25 08:51:35
Abstract :
This research is a case study in shares listed on the Jakarta Stock Exchange between June 2006 under the title "Application of CAPM method as the basis for Investment Decision Making Companies Listing of Shares on the Jakarta Stock Exchange. The purpose of this research is to assist investors in the framework of investment decision. By applying CAPM investors can find stocks which are included in the optimal portfolio of stocks that have examined the period from June 2006. In this study the sample used is a listing of stocks on the Jakarta Stock Exchange accounted for 36 shares were 10% of the total number of shares in the JSE period from June 2006. The analytical tool used in this study were CAPM to determine which stocks are included in the optimal portfolio. By following these steps count (RI), namely the return of individuals, rate of return on the market (Rm), determine the beta of each stock ), Erb determine the difference between the rate of expected return( with risk-free return divided by beta, determine cut off point (C *), after that combines stocks in optimal portfolio with a certain proportion to obtain the optimal rate of return. The results computed by the CAPM it can be seen there are 4 stocks that are included in the optimal portfolio of Hotel Sahid Jaya Tbk, Davomas Abadi, Tbk, Telkom, Tbk and Astra Internatinal, Tbk. Based on the analysis above, the investor can take stock of investment decisions by knowing the stocks in optimal portfolio because it can provide a maximum rate of return.
This research is a case study in shares listed on the Jakarta Stock Exchange between June 2006 under the title "Application of CAPM method as the basis for Investment Decision Making Companies Listing of Shares on the Jakarta Stock Exchange. The purpose of this research is to assist investors in the framework of investment decision. By applying CAPM investors can find stocks which are included in the optimal portfolio of stocks that have examined the period from June 2006. In this study the sample used is a listing of stocks on the Jakarta Stock Exchange accounted for 36 shares were 10% of the total number of shares in the JSE period from June 2006. The analytical tool used in this study were CAPM to determine which stocks are included in the optimal portfolio. By following these steps count (RI), namely the return of individuals, rate of return on the market (Rm), determine the beta of each stock ), Erb determine the difference between the rate of expected return( with risk-free return divided by beta, determine cut off point (C *), after that combines stocks in optimal portfolio with a certain proportion to obtain the optimal rate of return. The results computed by the CAPM it can be seen there are 4 stocks that are included in the optimal portfolio of Hotel Sahid Jaya Tbk, Davomas Abadi, Tbk, Telkom, Tbk and Astra Internatinal, Tbk. Based on the analysis above, the investor can take stock of investment decisions by knowing the stocks in optimal portfolio because it can provide a maximum rate of return.
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