HARGA SAHAM DAN RISIKO SAHAM UNTUK MENENTUKAN PORTOFOLIO SAHAM YANG EFISIEN

Abstract

This research is meant to analyze the stock return and stock risk in order to maximize the profit rates and to minimize the stock risk rates in order to form an efficiency portfolio. Meanwhile the research objects are telecommunication companies which are listed in Indonesia Stock Exchange in 2011-2013 periods. The rational investors invest their capital to the efficient stock which has high return with the minimum risk. The result of this research shows that the risk taker investors with the proportion of (50%:50%) is on the portfolio 5 with its profit rates is 0.0670 and risk is 0.0805 meanwhile the proportion (60%:40%) is on the portfolio 6 with the profit rates is 0.0098 and the risk is 0.0842. The neutral investors to the risk with the proportion (50%:50%) with the profit rates is 0.0670 and the risk is 0.0805 whereas the proportion (60%:40%) with the profit rates is 0.0094 and the risk is 0.0799. The risk averse investors with the proportion (50%:50%) with the profit rates is 0.0670 and the risk is 0.0805 whereas the proportion is (60%:40%) with the profit rates is 0.0098 and the risk is 0.0842.
Keywords: Stock Price, Stock Risk, Portfolio of Efficient Stock.