ANALISIS PORTOFOLIO OPTIMAL MODEL INDEKS TUNGGAL PADA PERUSAHAAN PROPERTY AND REAL ESTATE

Abstract

This research is aimed to prepare the optimal portfolio with single index model on property and real estate
companies which are listed in the IDX. The research object is the movement of composite stock price index
(IHSG), dividend sharing each years, the annual individual stock price and interest rates of Bank Indonesia
Certificates in 2012-2014 periods. The calculation has been conducted by comparing the profit level and risk
level from 9 stocks and 6 stocks are categorized to the optimal portfolio and it becomes 15 combination portfolio.
The result of this research shows that the combination of CTRA and CTRP with the proportion of 50%:50% has
the expectation of profit level as high as 1.321109. Meanwhile, the composite stock of BSDE and PWON with
the proportion of 70%:30% has smaller risk than other portfolios which is 0.028655. It is suggested that high
profit level of portfolio is in line with high risk level. because with this proportion 50%:50% it can gain the
largest rate of profit from and the smallest rate of risk from all proportions.

Keywords: Optimal portfolio preparation, single index modal, stock