Comparison Analysis Of Optimal Portfolio Formation Results Using Single Index Model With Markowitz Model During The Covid 19 Pandemic In LQ 45 Index Company
DOI:
https://doi.org/10.51601/ijersc.v2i5.177Abstract
Investors with a conservative type have a tendency to avoid risk (avoid risk) can
invest their funds. Therefore, a diversification is needed to determine the optimal
stock portfolio, including the Markowitz model and the Single Index Model. This
study aims to find out the comparison of optimal portfolio formation results by using
markowitz model and single index model in the covid 19 pandemic as the object of
research there are companies listed in LQ Index 45. For the period used is for 3
periods, namely February 2020 to July 2021. For data processing using the
Microsoft Excel application program. The results of the expectations of return and
risk from the Markowitz model and single index model show that the portfolio that is
better used is the markowitz model because it has a higher return than the single
index model.
Downloads
References
S. Sidik, “Naik 56%, Jumlah Investor Pasar Modal RI mencapai 3,88 Juta,” CNBC
Indonesia, 2021. https://www.cnbcindonesia.com/market/20210629153854-17-
/naik-56-jumlah-investor-pasar-modal-ri-mencapai-388-juta (accessed Sep. 26,
.
F. S. Imung, “Bertambah 28 % Selama Pandemi, Investor Saham Tembus 1,5 Juta
SID,” Investor.Id, 2020. https://investor.id/literation/bertambah-28-selama-pandemiinvestor-saham-tembus-15-juta-sid (accessed Sep. 26, 2021).
L. R. N. Azizah, D. Tandika, and Nurdin, “Analisis Perbandingan Pembentukan
Portofolio Optimal Menggunakan Single Index Model dan Markowitz Model pada
Saham Saham JII di Bursa Efek Indonesia Periode Januari 2015 - Desember 2016,”
Pros. Manaj., vol. 3,
no. 1, pp. 435–440, 2017, doi: http://dx.doi.org/10.29313/.v0i0.6100.
T. Yuwono and D. Ramdhani, “Comparison Analysis of Portfolio Using Markowitz
Model and Single Index Model: Case in Jakarta Islamic Index,” J. Multidiscip. Acad.,
vol. 1, no. 1, pp. 25–31, 2017.
D. Septyanto and B. Kertopati, “Analisis pembentukan portofolio dengan menggunakan
Model Markowitz dan Single Index Model pada saham yang masuk dalam Indeks Lq45
di Bursa Efek Indonesia tahun 2009-2013,” J. Keuang. dan Perbank., vol. 16, no. 2,
International Journal of Science, Technology & Management ISSN: 2722 - 4015
I. Rachmatullah, J. Nawir, and T. Siswantini, “Analisis Portofolio Optimal Markowitz
dan Single Index Model pada Jakarta Islamic Index,” Ekon. dan Bisnis, vol. 8, no. 1, pp.
–69, 2021.
J. Hartono, Teori Portofolio dan Analisis Investasi, 11th ed. Yogyakarta: BPFE, 2017.
S. Ajarinvestasi, “3 Tipe Investor Berdasarkan Profil Risiko, Kamu yang Mana Nih?,”
Investing.com, 2018. https://id.investing.com/analysis/3-tipe-investor-berdasarkanprofil-risiko-kamu-yang-mana-nih200203823?__cf_chl_jschl_tk__=pmd_B0FRjUtKPlk2xfnvVzxL0bmxSIiMRZCAECZ
loPqekw8-1633531981-0-gqNtZGzNAnujcnBszQi9.
M. Samsul, Pasar Modal & Manajemen Portofolio, Edisi 2. Jakarta: PT Erlangga,
E. Tandelilin, Portofolio dan Investasi Teori dan Aplikasi, Pertama. Yogyakarta:
Penerbit Kanisius, 2010.
E. Susanti and S. Astuti, “Analysis of the Formation of Optimal Portfolio in Investment
Decision Making Using Single Index Model,” Int. J. Innov. Sci. Res. Technol., vol. 5,
no. 11, pp. 1024–1033, 2020, [Online]. Available: https://ijisrt.com/analysisof-theformation-of-optimal-portfolio-in-investment-decision-making-using-single-indexmodel.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2021 International Journal of Educational Research & Social Sciences
This work is licensed under a Creative Commons Attribution 4.0 International License.
