PERANAN DIVERSIFIKASI SAHAM MODEL MARKOWITZ GUNA MEMPEROLEH RETURN PORTOFOLIO OPTIMAL (Studi Pada Perusahaan Manufaktur di BEI)

SAKTI, YUNI INDRA (2008) PERANAN DIVERSIFIKASI SAHAM MODEL MARKOWITZ GUNA MEMPEROLEH RETURN PORTOFOLIO OPTIMAL (Studi Pada Perusahaan Manufaktur di BEI). Other thesis, University of Muhammadiyah Malang.

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Abstract

Stock market as one source of development fund source institution outside banking sector, play important role in economic system which worked through market mechanism. Stock market existence should be empowered to give optimum benefit to the government, organization and society. Investment could be done through various ways, one of them fund investment through deposit, obligation, or share. Investment bought stock in the organization to get dividend and capital gains. Investor invested their share not only in one assets or one security, but they will combine several security in investment. That’s why there needed risk analysis to decide which portfolio would be optimum. Portfolio was a group of certificate which was diversified to optimize return and minimize the risk level faced. In order to reach the aim, investor could used portfolio analysis tool through several approach, which one of them using Markowitz approach. The research titled “Role of Markowitz model Share Diversification to get Optimum Portfolio Return (Case Study at Manufacture Organization in Indonesian Stock Exchange)”. The importance of share diversification for investor is to get high portfolio return with low risk. The research aimed to find out and analyze the increasing portfolio return and portfolio risk decreasing with Markowitz model, also to find out the proportion of return increasing and portfolio risk decreasing with Markowitz model. Analysis used with individual return, average profit, expect return, variant and individual deviation, portfolio return expectant, and portfolio deviation standard. Analysis using Markowitz model showed that portfolio return could be increased from 11,48% to 23,83% and the risk minimized from 11,08% into 7,73%.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Anggit Aldila
Date Deposited: 14 Jun 2012 03:14
Last Modified: 14 Jun 2012 03:14
URI: http://eprints.umm.ac.id/id/eprint/7727

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