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All Journal CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Jurnal Ekonomi, Bisnis, Manajemen dan Akuntansi (JEBIMAN)
Anwar
Faculty of Economics and Business, Makassar State University
Economics, Econometrics & Finance Social Sciences

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OPTIMAL PORTFOLIO FORMATION USING THE SINGLE INDEX  MODEL (A STUDY ON IDXPROPERT STOCKS LISTED ON THE INDONESIA STOCK EXCHANGE  FROM JANUARY 2020 TO DECEMBER 2024) Dewi Hasrina; Anwar; Annisa Paramaswary Aslam; Anwar Ramli; Nurman
JEBIMAN : Jurnal Ekonomi, Bisnis, Managemen dan Akuntansi Vol. 3 No. 4 (2025): JULI
Publisher : CV. ADIBA AISHA AMIRA

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Abstract

This study aims to determine the formation of an optimal portfolio on IDXPROPERT stocks using the Single Index Model from January 2020 to December 2024. The research method used is quantitative research with a descriptive approach. The population in this study includes all IDXPROPERT stocks listed on the Indonesia Stock Exchange, and the research sample was determined using purposive sampling method. The data used in this study are secondary data collected through documentation techniques and then analyzed using the Single Index Model. The results show that from 64 stocks used as research samples, 7 stocks form the optimal portfolio. The stocks that form the optimal portfolio and the proportion of funds allocated to each stock are GMTD (2.95%), LPLI (2.65%), MKPI (6.36%), NIRO (71.59%), PAMG (1.15%), RISE (13.07%), and SATU (2.23%). From the formed optimal portfolio, the expected return for investors is 0.0052 or 0.52% with a risk of 0.0116 or 1.16%. This study also shows that the portfolio risk is smaller compared to the risk of each individual stock before being grouped into a portfolio. Additionally, the expected return of the portfolio is not significantly different from the expected return of individual stocks. This indicates that the use of the Single Index Model is effective in minimizing stock investment  risk through diversification, while maintaining a certain level of return.
ANALYSIS OF THE EFFECT OF CURRENT RATIO AND QUICK RATIO ON RETURN ON ASSETSIN FOOD AND BEVERAGE SUB-SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Nur Apriani Fatwa; Nurman; Agung Widhi Kurniawan; Anwar; Andi Mustika Amin
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 2 No. 4 (2023): JULY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v2i4.776

Abstract

Financial analysis is vital for evaluating company performance, aiding stakeholders in making informed decisions. The Current Ratio and Quick Ratio gauge liquidity, while Return on Assets (ROA) assesses profitability. The Food and Beverage industry, encompassing diverse businesses, faces distinct challenges and opportunities due to changing consumer preferences and competition. Analyzing listed Food and Beverage companies on the Indonesian Stock Exchange provides insights into their financial strategies. This study aims to determine the impact of the Current Ratio and Quick Ratio on Return on Assets in companies within the Food and Beverage sub-sector that are listed on the Indonesian Stock Exchange. The study's population comprises Food and Beverage companies that have been listed on the Indonesian Stock Exchange from 2017 to 2021. A total of 12 companies were selected for observation and data analysis. The collected data underwent tests for Normality, Multicollinearity, and Heteroscedasticity. The analysis employed multiple linear techniques. The findings revealed that the Current Ratio has a positive and significant influence on Return on Assets (ROA), while the Quick Ratio has a negative and insignificant impact on Return on Assets (ROA). Additionally, both the Current Ratio and Quick Ratio, when considered simultaneously, exert an influence on Return on Assets (ROA).
Co-Authors Agung Widhi Kurniawan Andi Mustika Amin Annisa Paramaswary Aslam Anwar Ramli Dewi Hasrina Nur Apriani Fatwa Nurman