ANALISIS PORTOFOLIO MODEL INDEKS TUNGGAL UNTUK MEMILIH SAHAM OPTIMAL PADA PERUSAHAAN FARMASI

Abstract

The making of investment decision requires a way which can be used to find out the establishment of optimum portofolio from stocks. Single index model is one of the alternative ways to find out the establishment of optimum portofolio. This research is meant to find out the establishment of optimum portofolio by using single index model on pharmaceutical companies which are listed in Indonesia Stock Exchange. This research is a descriptive research. The sampling has been obtained by using purposive sampling on pharmaceutical companies which are listed in Indonesia Stock Exchange (IDX) in 2011-2015 periods and based on the predetermined criteria 9 pharmaceutical companies have been selected as samples.The result of this research shows that 6 optimum stocks i.e. PT IndofarmaTbk, PT Kimia FarmaTbk, PT Kalbe FarmaTbk, PT PyridamFarmaTbk, PT Taisho Pharmaceutical Tbk, and PT Tempo Scan Pasifik Tbk have been formed into 15 combination. The proportion of the stocksis 50%:50%.There are 6 combinationsi, the proportion of 60%:40% has formed 5 combinationsi, and the proportion of 70%:30% has formed 2 combination.
Keywords: Single index model, optimal portfolio, and stock