EVALUASI PEMBENTUKAN PORTOFOLIO TERHADAP RISK AND RETURN SAHAM PERUSAHAAN ROKOK

Abstract

This research is aimed to analyze the return and the stock risk in order to maximize the profit rate and to
minimize stock risk in order to form an efficient portfolio. Meanwhile, the research object is used cigarettes
company which is listed in Indonesia Stock Exchange in 2015 periods. The rational investor invest their fund to
the efficient stock, a stock which has high return with the minimum risk. The result of this research has been
carried out by using investor criteria, such as risk taking investor with proportion (50%:50%) is in portfolio 1
with the profit level is 0.0275 and the risk is 0.2513 whereas the proportion (60%:40%) is portfolio 3 with the
profit level is 0.0242 and the risk is 0.0360. The neutral risk investor with proportion (50%:50%) to the
portfolio 3 with the profit level is 0.1705 and the risk is 0.0424 whereas the proportion (60%:40%) is in portfolio
3 with the profit level is 0.0242 and risk is 0.0360. The risk averter investor with proportion (50%:50%) is in
portfolio 3 with the profit level is 0.1705 and risk is 0.0424 whereas the proportion (60%:40%) is in portfolio 3
with the profit level is 0.0242 and risk is 0.0360.
Keywords: Stock price, stock risk, efficient stock portfolio