Erna Retna Rahadjeng
Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Malang

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Journal : IQTISHODUNA

PEMBENTUKAN PORTOFOLIO OPTIMAL SAHAM INDEKS LQ-45 DAN JAKARTA ISLAMIC INDEX (JII) Rahadjeng, Erna Retna
IQTISHODUNA IQTISHODUNA (VOL 10, NO 2.
Publisher : Fakultas Ekonomi, UIN Maliki Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (119.836 KB) | DOI: 10.18860/iq.v10i2.3586

Abstract

This research is a case study conducted in EfekIndonesia Exchange under the title ”Determinationof Optimal Portfolio shares and shares of LQ45 JII”. The purpose of this study is to identify the combinationof shares and the amount of the proportion of funds that can form the optimal portfolio and to determine thelevel of risk and return of the optimal portfolio is formed. Sampling method in this study, namely purposivesampling. The criteria in this study is that stocks are always included in the index and the index JII LQ45 overthe study period. The method used in determining the optimal portfolio is the single index model. The conclusionof this research is that there are three stocks, and four 45 LQ JII stocks that can form the optimal portfolio,which shares BNII, AALI, and UNSP for LQ 45, while for the stock is AALI JII, KLBF, TLKM, and INCO. Riskportfolio of 45 stocks LQ 1.635116% with a repayment rate of 0.639931%, while the risk portfolio of stocks JII-0.0194424% with portfolio returns of 0.191527%. Thus, the purpose and formulation of the problem unanswered.
METODE PENILAIAN HARGA WAJAR SAHAM PERUSAHAAN MANUFAKTUR YANG TERCATAT DI BURSA EFEK INDONESIA Rahadjeng, Erna Retna
IQTISHODUNA IQTISHODUNA (VOL 8, NO 1
Publisher : Fakultas Ekonomi, UIN Maliki Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (344.16 KB) | DOI: 10.18860/iq.v0i0.1760

Abstract

This study aims to determine how the stock prices in a state overvalue or undervalue, as well as to identify and empirically examine the methods used to determine the fair price of the stock of manufacturing companies and Fundamental analysis, Benjamin, Gordon  method. To answer the above purpose will be done in stages that is to prove that the price of shares in the conditions used overvalue or undervalue the fundamental analysis by measuring three variables: EPS, PER, and PBV, whereas to answer the second objective is to determine and empirically examine the methods used for determining the fair price of the stock in order to form the new method. Based on the result of the analysis that in order to assess the fair price of the stock with Fundamental methods, Gordon and Benjamin still needs to be done because the method of proof based on the research there is still no common shares in the fair value of manufacturing companies during the years 2000 until 2007. This writer tried to make the method for calculating the fair value of stock with the method of fundamental analysis, Gordon, and Benjamin combined. Researchers Hope to the formation of reasonably priced stocks can help investors to invest in capital markets, if when the price is nearly equal to its intrinsic value, then the investor will buy, but if the market price is greater than its intrinsic value, the investor will sell the shares.