PEMBENTUKAN PORTOFOLIO OPTIMAL BERDASARKAN INDEKS KINERJA KEUANGAN PADA SAHAM LQ-45

Authors

  • DIRAMADHONA MUTIASALISA
  • DODI DEVIANTO
  • IZZATI RAHMI HG

DOI:

https://doi.org/10.25077/jmu.10.2.177-186.2021

Abstract

Investasi adalah suatu bentuk penanaman dana guna memberikan keuntungan tingkat pengembalian (return) baik pada masa sekarang atau dan dimasa depan. Saham adalah sebuah bukti kepemilikian nilai sebuah perusahaan. Saham merupakan salah satu instrumen investasi yang paling menarik karena memiliki mobilitas yang tinggi. Indeks kinerja keuangan yang dimaksud adalah Indeks Sharpe, Treynor dan Jensen dimana merupakan metode yang digunakan untuk mengukur kinerja keuangan suatu saham, sehingga ketiga metode tersebut dapat digunakan sebagai dasar untuk membuat sebuah portofolio. Portofolio adalah sekelompok instrumen investasi yang dipilih sebagai objek investasi dari seorang investor atau sebuah perusahaan investasi. Pada Penelitian ini data yang digunakan adalah return dari 45 saham berindeks LQ-45 pada periode Februari 2020 - Juli 2020. Menurut hasil perhitungan nilai Indeks Sharpe, Treynor dan Jensen dapat ditarik kesimpulan bahwa saham yang memiliki kinerja keuangan terbaik adalah Sarana Menara Nusantara Tbk (TOWR), Kalbe Farma Tbk (KLBF), Surya Citra Media Tbk (SCMA), Aneka Tambang (Persero) Tbk (ANTM), dan Ace Hardware Indonesia Tbk (ACES). Ketika saham yang berkinerja keuangan baik menurut Indeks Sharpe, Treynor dan Jensen disatukan sebagai sebuah portofolio maka dapat dikatakan portofolio tersebut adalah portofolio optimal berdasarkan indeks kinerja keuangan.

Kata Kunci: Indeks Sharpe, Indeks Treynor, Indeks Jensen

Downloads

Download data is not yet available.

Downloads

Published

29-04-2021

How to Cite

MUTIASALISA, D., DEVIANTO, D., & RAHMI HG, I. (2021). PEMBENTUKAN PORTOFOLIO OPTIMAL BERDASARKAN INDEKS KINERJA KEUANGAN PADA SAHAM LQ-45. Jurnal Matematika UNAND, 10(2), 177–186. https://doi.org/10.25077/jmu.10.2.177-186.2021

Issue

Vol. 10 No. 2 (2021)

Section

Articles

License

All articles published in Jurnal Matematika UNAND (JMUA) are open access and licensed under the Creative Commons Attribution-ShareAlike 4.0 International License (CC BY-SA 4.0). This license allows published content to be freely accessed, shared, redistributed, and adapted for any purpose, including commercial use, provided that the applicable license conditions are followed.

Copyright Holder

The copyright of articles published in Jurnal Matematika UNAND is held by the Departemen Matematika dan Sains Data, Fakultas Matematika dan Ilmu Pengetahuan Alam (FMIPA), Universitas Andalas (UNAND), in accordance with the journal's stated copyright policy.

Author Rights

Under the CC BY-SA 4.0 license, authors may share, distribute, and reuse their published articles, subject to the applicable license conditions. These rights include:

  • Self-Archiving: Authors may deposit their published articles in institutional repositories, personal websites, or academic platforms.

  • Reuse: Authors may reuse their published work in subsequent publications, research, teaching materials, or other lawful purposes, provided that appropriate attribution is maintained.

  • Distribution: Authors may share and distribute their published articles without requiring additional permission under the terms of the license.

Creative Commons License (CC BY-SA 4.0)

Under the CC BY-SA 4.0 license, users are free to:

  • Share: Copy and redistribute the material in any medium or format.

  • Adapt: Remix, transform, and build upon the material for any purpose, including commercial purposes.

These permissions are subject to the following conditions:

  • Attribution: Users must give appropriate credit to the original author(s), retain relevant copyright notices, provide a link to the license, and indicate if changes were made. Attribution must not imply endorsement by the author(s), copyright holder, or journal.

  • ShareAlike: If users remix, transform, or build upon the material, they must distribute their contributions under the same CC BY-SA 4.0 license or a compatible license.

  • No Additional Restrictions: Users may not apply legal terms or technological measures that legally restrict others from exercising the rights granted by the license.

For more information about the CC BY-SA 4.0 license, please visit:

https://creativecommons.org/licenses/by-sa/4.0/

Third-Party Content

Third-party materials, including figures, tables, photographs, and illustrations, are covered by the article's CC BY-SA 4.0 license only when their inclusion under that license is authorized.

Materials excluded from the license must be clearly identified with appropriate copyright notices and attribution. Authors are responsible for obtaining any necessary permissions, while users must comply with the applicable licensing terms or permissions when reusing excluded materials.

Copyright and Licensing Information

Copyright and licensing information should be clearly displayed on each published article's landing page and included in the full-text versions (HTML and PDF), where applicable, to ensure transparency regarding copyright ownership and permitted reuse.