METODE MARKOWITZ UNTUK MENENTUKAN PORTOFOLIO OPTIMAL PADA PERUSAHAAN RETAIL DI BEI

Abstract

The purpose of this research is to find out how the Markowitz model application form an optimum stock combination which occurs in efficient stock on retail companies which are listed in Indonesia Stock Exchange. The data in this research is the monthly stock price data from January to December and the data of dividend which has been shared in 2014. The samples are 5 companies which have been traded actively in Indonesia Stock Exchange and have gained 10 portfolio combinations. The result of the research 5 stocks have been combined into 10 portfolios. There are 2 efficient portfolios with equal proportion (50% : 50%) and unequal proportion (40% : 60%) i.e. PT. Matahari Putra Prima Tbk and PT. Tiphone Mobile Indonesia Tbk and PT. Matahari Putra Prima Tbk and PT. Midi Utama Indonesia Tbk. Investors select efficient portfolio that is suitable with the preference of profit and risk which will be incurred by them. Risk-taker investors prefer to take investment with high risk proportion are exist in PT. Matahari Putra Prima Tbk and PT. Tiphone Mobile Indonesia Tbk whereas difference proportion exists in PT. Matahari Putra Prima Tbk and PT. Tiphone Mobile Indonesia Tbk. Risk-averter investors are tend to consider their investment decision well-planned and wisely on equal proportion on PT. Matahari Putra Prima Tbk and PT. Midi Utama Indonesia Tbk whereas on the difference proportion exist in PT. Matahari Putra Prima Tbk and PT. Midi Utama Indonesia Tbk.
Keywords: Portofolio of Model Markowitz, investment, stock