Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Indonesian Journal of Economics and Strategic Management
Salwa Safitri Humairoh
Unknown Affiliation
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Analisis Kuantitatif Expected Return dan Standar Deviasi (Kasus SIDO dan KLBF) Dian Evelyn Naibaho; Nurhatta, Amelia; Neysa Adellia; Salwa Safitri Humairoh
IJESM Indonesian Journal of Economics and Strategic Management Vol. 3 No. 1 (2025): March
Publisher : Draf Solusi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69718/ijesm.v3i1.395

Abstract

This study analyzes the efficient performance of pharmaceutical stocks listed in the LQ45 index, specifically PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) and PT Kalbe Farma Tbk (KLBF.JK), using the Markowitz Model. Data collected from 2020 to 2024 reveals distinct characteristics in expected return and investment risk between the two stocks. SIDO recorded an expected return of 0.0090 (0.9%) with a standard deviation of 0.0887 (8.87%), indicating higher return potential but accompanied by greater risk. Conversely, KLBF showed an expected return of 0.0044 (0.4%) and a standard deviation of 0.0509 (5.09%), suggesting lower risk but also lower return potential. The findings highlight that SIDO is an efficient choice for risk-seeking investors willing to tolerate higher volatility for greater returns. Meanwhile, KLBF is more suitable for risk-averse investors prioritizing stability. This study emphasizes the importance of understanding the relationship between expected return and risk in investment decision-making and provides insights into the application of the Markowitz Model in evaluating portfolio efficiency.
Co-Authors Dian Evelyn Naibaho Neysa Adellia Nurhatta, Amelia