NO

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
JUMLAH

PERUSAHAAN
RETURN

HARGA

2700
2700
2700
2700
2700
2700
2700
2700
2700
2700
2700
2700
2700
3375
3375
3375
3375
3375
3375
3375
3375
3375
3375
3375
3375
4200
4200
4200
4200
4200
4200

PASAR
RETURN

HARGA

BETA

[Ri-E(Ri)]

[RM-E(RM)]

ei

[ei-E(ei)]

4,481.63

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
25.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
24.44%
0.00%
0.00%
0.00%
0.00%
0.00%
49.44%

4,490.56
4,479.44
4,498.98
4,503.15
4,491.27
4,503.25
4,548.24
4,571.57
4,609.79
4,612.05
4,634.45
4,632.40
4,651.12
4,696.11
4,663.03
4,716.42
4,795.79
4,811.61
4,751.70
4,848.30
4,874.50
4,854.31
4,835.44
4,786.37
4,819.32
4,802.83
4,822.63
4,831.50
4,802.67
4,819

0.20%
-0.25%
0.44%
0.09%
-0.26%
0.27%
1.00%
0.51%
0.84%
0.05%
0.49%
-0.04%
0.40%
0.97%
-0.70%
1.14%
1.68%
0.33%
-1.25%
2.03%
0.54%
-0.41%
-0.39%
-1.01%
0.69%
-0.34%
0.41%
0.18%
-0.60%
0.35%
7.35%

0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145
0.969337145

0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.054530898
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.051967112
0.000271639
0.000271639
0.000271639
0.000271639
0.000271639
0.114103909

0.000000209
0.000024267
0.000003657
0.000002319
0.000025888
0.000000047
0.000056862
0.000007180
0.000034934
0.000003840
0.000005794
0.000008365
0.000002532
0.000052173
0.000090136
0.000080996
0.000206744
0.000000721
0.000222039
0.000319684
0.000008727
0.000043452
0.000040159
0.000158706
0.000019663
0.000034474
0.000002798
0.000000373
0.000070845
0.000001034
0.001528618

0.016038228
0.011706372
0.018335144
0.015005203
0.011549487
0.016692354
0.023790970
0.019078920
0.022210761
0.014581975
0.018814665
0.013677971
0.231976063
0.023483086
0.007278612
0.025205306
0.030419181
0.017304325
0.002037401
0.033812951
0.019345003
0.010091788
0.010338675
0.004269923
0.223664653
0.010790020
0.018102907
0.015889596
0.008322624
0.017467266
0

0.000257225
0.000137039
0.000336177
0.000225156
0.000133391
0.000278635
0.000566010
0.000364005
0.000493318
0.000212634
0.000353992
0.000187087
0.053812894
0.000551455
0.000052978
0.000635307
0.000925327
0.000299440
0.000004151
0.001143316
0.000374229
0.000101844
0.000106888
0.000018232
0.050025877
0.000116425
0.000327715
0.000252479
0.000069266
0.000305105
0.112667597

E(Ri)
1.65%

E(RM)
0.24%

E(ei)

1.41%

0.969337145

0.003803464

0.000050954

ei

RBR

ERBi

0.003755587 0.68% 0.009941065

Ai
2.487166371

Bi
250.191143270

NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
JUMLAH

PERUSAHAAN
RETURN

HARGA

335
335
325
330
325
325
320
325
330
345
350
345
340
360
410
410
435
480
500
510
510
510
530
530
570
560
560
560
550
580
580

PASAR
RETURN

HARGA

BETA

[Ri-E(Ri)]

[RM-E(RM)]

ei

[ei-E(ei)]

4,481.63

0.00%
-2.99%
1.54%
-1.52%
0.00%
-1.54%
1.56%
1.54%
4.55%
1.45%
-1.43%
-1.45%
5.88%
13.89%
0.00%
6.10%
10.34%
4.17%
2.00%
0.00%
0.00%
3.92%
0.00%
7.55%
-1.75%
0.00%
0.00%
-1.79%
5.45%
0.00%
57.48%

4,490.56
4,479.44
4,498.98
4,503.15
4,491.27
4,503.25
4,548.24
4,571.57
4,609.79
4,612.05
4,634.45
4,632.40
4,651.12
4,696.11
4,663.03
4,716.42
4,795.79
4,811.61
4,751.70
4,848.30
4,874.50
4,854.31
4,835.44
4,786.37
4,819.32
4,802.83
4,822.63
4,831.50
4,802.67
4,819

0.20%
-0.25%
0.44%
0.09%
-0.26%
0.27%
1.00%
0.51%
0.84%
0.05%
0.49%
-0.04%
0.40%
0.97%
-0.70%
1.14%
1.68%
0.33%
-1.25%
2.03%
0.54%
-0.41%
-0.39%
-1.01%
0.69%
-0.34%
0.41%
0.18%
-0.60%
0.35%
7.35%

1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802
1.137054802

0.000367120
0.002402089
0.000014256
0.001177305
0.000367120
0.001193356
0.000012499
0.000014256
0.000691384
0.000021787
0.001118640
0.001132532
0.001573166
0.014334919
0.000367120
0.001748515
0.007104452
0.000506534
0.000000705
0.000367120
0.000367120
0.000402216
0.000367120
0.003170966
0.001347200
0.000367120
0.000367120
0.001370296
0.001252104
0.000367120
0.043893255

0.000000209
0.000024267
0.000003657
0.000002319
0.000025888
0.000000047
0.000056862
0.000007180
0.000034934
0.000003840
0.000005794
0.000008365
0.000002532
0.000052173
0.000090136
0.000080996
0.000206744
0.000000721
0.000222039
0.000319684
0.000008727
0.000043452
0.000040159
0.000158706
0.000019663
0.000034474
0.000002798
0.000000373
0.000070845
0.000001034
0.001528618

0.018640419
0.043409799
0.005950139
0.032580173
0.013375024
0.034792340
0.012109565
0.006822606
0.019573602
0.002439448
0.036182959
0.030364538
0.037853827
0.111515479
0.008365189
0.031581997
0.067938667
0.021541085
0.017782873
0.039490579
0.022519343
0.027550577
0.011954713
0.070635771
0.041746243
0.012484151
0.021062336
0.036323214
0.044955616
0.020316715
0

0.000347465
0.001884411
0.000035404
0.001061468
0.000178891
0.001210507
0.000146642
0.000046548
0.000383126
0.000005951
0.001309206
0.000922005
0.001432912
0.012435702
0.000069976
0.000997423
0.004615662
0.000464018
0.000316231
0.001559506
0.000507121
0.000759034
0.000142915
0.004989412
0.001742749
0.000155854
0.000443622
0.001319376
0.002021007
0.000412769
0.041916914

E(Ri)

E(RM) E(ei)

1.92% 0.24%

1.64%

1.137054802

0.001463108

0.000050954

ei

RBR

ERBi

0.001397230 0.68% 0.010830725

Ai
10.021951448

Bi
925.325967735

NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
JUMLAH

PERUSAHAAN
RETURN

HARGA

137
138
138
138
148
147
152
172
185
185
200
205
215
235
245
230
220
220
220
215
215
245
230
220
220
205
205
205
205
205
210

PASAR
RETURN

HARGA

BETA

[Ri-E(Ri)]2

[RM-E(RM)]2

ei

[ei-E(ei)]2

1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974
1.753742974

0.000069029
0.000243598
0.000243598
0.003232621
0.000500166
0.000338780
0.013449347
0.003596853
0.000243598
0.004286773
0.000088217
0.001100439
0.005993180
0.000726063
0.005903174
0.003491142
0.000243598
0.000243598
0.001469564
0.000243598
0.015357965
0.005903174
0.003491142
0.000243598
0.007020671
0.000243598
0.000243598
0.000243598
0.000243598
0.000077134
0.078775013

0.000000209
0.000024267
0.000003657
0.000002319
0.000025888
0.000000047
0.000056862
0.000007180
0.000034934
0.000003840
0.000005794
0.000008365
0.000002532
0.000052173
0.000090136
0.000080996
0.000206744
0.000000721
0.000222039
0.000319684
0.000008727
0.000043452
0.000040159
0.000158706
0.000019663
0.000034474
0.000002798
0.000000373
0.000070845
0.000001034
0.001528618

0.007506413
0.006968408
0.018961306
0.059527052
0.013441326
0.018024465
0.102746857
0.055274435
0.025973146
0.068910077
0.005171135
0.038245025
0.074624990
0.014278130
0.060182112
0.074869193
0.040823974
0.017096331
0.012202397
0.046964046
0.118746522
0.065271763
0.047972206
0.006485755
0.091566027
0.005310527
0.018541139
0.014536776
0.000846468
0.006999118
0

0.000056346
0.000048559
0.000359531
0.003543470
0.000180669
0.000324881
0.010556917
0.003055263
0.000674604
0.004748599
0.000026741
0.001462682
0.005568889
0.000203865
0.003621887
0.005605396
0.001666597
0.000292285
0.000148898
0.002205622
0.014100736
0.004260403
0.002301333
0.000042065
0.008384337
0.000028202
0.000343774
0.000211318
0.000000717
0.000048988
0.074073572

4,481.63

0.73%
0.00%
0.00%
7.25%
-0.68%
3.40%
13.16%
7.56%
0.00%
8.11%
2.50%
4.88%
9.30%
4.26%
-6.12%
-4.35%
0.00%
0.00%
-2.27%
0.00%
13.95%
-6.12%
-4.35%
0.00%
-6.82%
0.00%
0.00%
0.00%
0.00%
2.44%
46.82%

4,490.56
4,479.44
4,498.98
4,503.15
4,491.27
4,503.25
4,548.24
4,571.57
4,609.79
4,612.05
4,634.45
4,632.40
4,651.12
4,696.11
4,663.03
4,716.42
4,795.79
4,811.61
4,751.70
4,848.30
4,874.50
4,854.31
4,835.44
4,786.37
4,819.32
4,802.83
4,822.63
4,831.50
4,802.67
4,819

0.20%
-0.25%
0.44%
0.09%
-0.26%
0.27%
1.00%
0.51%
0.84%
0.05%
0.49%
-0.04%
0.40%
0.97%
-0.70%
1.14%
1.68%
0.33%
-1.25%
2.03%
0.54%
-0.41%
-0.39%
-1.01%
0.69%
-0.34%
0.41%
0.18%
-0.60%
0.35%
7.35%

E(Ri)
1.56%

E(RM) E(ei)
0.24%

i2

M2

1.13%

1.753742974

0.002625834

0.000050954

ei2

RBR

ERBi

0.002469119 0.68% 0.004996392

Ai
6.223667574

Bi
1,245.632280786

NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
JUMLAH

PERUSAHAAN
HARGA
RETURN
1500
1500
1400
1400
1400
1400
1400
1750
1650
1650
1700
1700
1710
1830
1700
1700
2200
2450
2500
2500
2500
2750
2750
2750
2750
3400
3400
3400
3400
3400
3400

PASAR
HARGA RETURN

BETA

[Ri-E(Ri)]2

[RM-E(RM)]2

ei

[ei-E(ei)]2

4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727
4.726088727

0.000952831
0.009513004
0.000952831
0.000952831
0.000952831
0.000952831
0.048018850
0.007745904
0.000952831
0.000000319
0.000952831
0.000624281
0.001545078
0.010384876
0.000952831
0.069300397
0.006850608
0.000109407
0.000952831
0.000952831
0.004779239
0.000952831
0.000952831
0.000952831
0.042228472
0.000952831
0.000952831
0.000952831
0.000952831
0.000952831
0.218251395

0.000000209
0.000024267
0.000003657
0.000002319
0.000025888
0.000000047
0.000056862
0.000007180
0.000034934
0.000003840
0.000005794
0.000008365
0.000002532
0.000052173
0.000090136
0.000080996
0.000206744
0.000000721
0.000222039
0.000319684
0.000008727
0.000043452
0.000040159
0.000158706
0.000019663
0.000034474
0.000002798
0.000000373
0.000070845
0.000001034
0.001528618

0.028706839
0.074253161
0.039905655
0.023670237
0.006821589
0.031896090
0.183493980
0.100674860
0.058801569
0.008696278
0.042243604
0.011316847
0.031787097
0.136043155
0.014001438
0.220715912
0.014813918
0.014471647
0.039555427
0.115369070
0.055170689
0.000285550
0.000918166
0.028670569
0.184538885
0.003118740
0.038773364
0.027982173
0.008911266
0.035674242
0

0.000824083
0.005513532
0.001592461
0.000560280
0.000046534
0.001017361
0.033670041
0.010135427
0.003457625
0.000075625
0.001784522
0.000128071
0.001010420
0.018507740
0.000196040
0.048715514
0.000219452
0.000209429
0.001564632
0.013310022
0.003043805
0.000000082
0.000000843
0.000822002
0.034054600
0.000009727
0.001503374
0.000783002
0.000079411
0.001272652
0.184108306

4,481.63

0.00%
-6.67%
0.00%
0.00%
0.00%
0.00%
25.00%
-5.71%
0.00%
3.03%
0.00%
0.59%
7.02%
-7.10%
0.00%
29.41%
11.36%
2.04%
0.00%
0.00%
10.00%
0.00%
0.00%
0.00%
23.64%
0.00%
0.00%
0.00%
0.00%
0.00%
92.60%

4,490.56
4,479.44
4,498.98
4,503.15
4,491.27
4,503.25
4,548.24
4,571.57
4,609.79
4,612.05
4,634.45
4,632.40
4,651.12
4,696.11
4,663.03
4,716.42
4,795.79
4,811.61
4,751.70
4,848.30
4,874.50
4,854.31
4,835.44
4,786.37
4,819.32
4,802.83
4,822.63
4,831.50
4,802.67
4,819

0.20%
-0.25%
0.44%
0.09%
-0.26%
0.27%
1.00%
0.51%
0.84%
0.05%
0.49%
-0.04%
0.40%
0.97%
-0.70%
1.14%
1.68%
0.33%
-1.25%
2.03%
0.54%
-0.41%
-0.39%
-1.01%
0.69%
-0.34%
0.41%
0.18%
-0.60%
0.35%
7.35%

E(Ri)

E(RM) E(ei)

3.09% 0.24%

i2

M2

1.93%

4.726088727

0.007275046

0.000050954

ei2

RBR

ERBi

Ai

0.006136944 0.68% 0.005083003 18.500011250

Bi
3,639.582893855

NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
JUMLAH

PERUSAHAAN
RETURN

HARGA

900
900
810
850
850
880
910
990
1230
1370
1470
1410
1340
1370
1410
1410
1420
1430
1470
1470
1450
1450
1450
1460
1500
1520
1530
1520
1540
1540
1530

PASAR
RETURN

HARGA

BETA

[Ri-E(Ri)]2

[RM-E(RM)]2

ei

[ei-E(ei)]2

1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685
1.374192685

0.000373619
0.014239465
0.000903212
0.000373619
0.000254878
0.000217907
0.004703608
0.049771384
0.008928721
0.002879768
0.003617488
0.004757498
0.000009356
0.000097374
0.000373619
0.000149745
0.000150970
0.000074698
0.000373619
0.001084693
0.000373619
0.000373619
0.000154571
0.000065093
0.000035951
0.000162570
0.000669007
0.000038085
0.000373619
0.000666814
0.096248192

0.000000209
0.000024267
0.000003657
0.000002319
0.000025888
0.000000047
0.000056862
0.000007180
0.000034934
0.000003840
0.000005794
0.000008365
0.000002532
0.000052173
0.000090136
0.000080996
0.000206744
0.000000721
0.000222039
0.000319684
0.000008727
0.000043452
0.000040159
0.000158706
0.000019663
0.000034474
0.000002798
0.000000373
0.000070845
0.000001034
0.001528618

0.018700846
0.112559738
0.027425619
0.017236366
0.022956789
0.014462733
0.058220471
0.219412721
0.086369725
0.056356329
0.063453223
0.065000190
0.000872148
0.000058061
0.006282670
0.024604468
0.032045927
0.007476283
0.001147598
0.057504843
0.023388736
0.010270803
0.003724253
0.025379896
0.012089449
0.004681713
0.028163812
0.005332242
0.007762726
0.027220246
0

0.000349722
0.012669695
0.000752165
0.000297092
0.000527014
0.000209171
0.003389623
0.048141942
0.007459729
0.003176036
0.004026312
0.004225025
0.000000761
0.000000003
0.000039472
0.000605380
0.001026941
0.000055895
0.000001317
0.003306807
0.000547033
0.000105489
0.000013870
0.000644139
0.000146155
0.000021918
0.000793200
0.000028433
0.000060260
0.000740942
0.093361540

4,481.63

0.00%
-10.00%
4.94%
0.00%
3.53%
3.41%
8.79%
24.24%
11.38%
7.30%
-4.08%
-4.96%
2.24%
2.92%
0.00%
0.71%
0.70%
2.80%
0.00%
-1.36%
0.00%
0.00%
0.69%
2.74%
1.33%
0.66%
-0.65%
1.32%
0.00%
-0.65%
57.99%

4,490.56
4,479.44
4,498.98
4,503.15
4,491.27
4,503.25
4,548.24
4,571.57
4,609.79
4,612.05
4,634.45
4,632.40
4,651.12
4,696.11
4,663.03
4,716.42
4,795.79
4,811.61
4,751.70
4,848.30
4,874.50
4,854.31
4,835.44
4,786.37
4,819.32
4,802.83
4,822.63
4,831.50
4,802.67
4,819

0.20%
-0.25%
0.44%
0.09%
-0.26%
0.27%
1.00%
0.51%
0.84%
0.05%
0.49%
-0.04%
0.40%
0.97%
-0.70%
1.14%
1.68%
0.33%
-1.25%
2.03%
0.54%
-0.41%
-0.39%
-1.01%
0.69%
-0.34%
0.41%
0.18%
-0.60%
0.35%
7.35%

E(Ri)

E(RM) E(ei)

1.93% 0.24%

i2

M2

1.60%

1.374192685

0.003208273

0.000050954

ei2

RBR

ERBi

0.003112051 0.68% 0.009084601

Ai
5.512573142

Bi
606.804106503

NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
JUMLAH

PERUSAHAAN
HARGA
RETURN
2225
2175
2125
2175
2275
2175
2225
2450
2550
2475
2450
2500
2450
2500
2475
2450
2525
2825
2750
2775
2750
2750
2750
2850
2850
2825
2750
2825
2750
2725
3025

PASAR
HARGA RETURN

BETA

[Ri-E(Ri)]2

[RM-E(RM)]2

ei

[ei-E(ei)]2

1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814
1.968931814

0.001124716
0.001159633
0.000155365
0.001218857
0.003027301
0.000142173
0.008110573
0.000885149
0.001638358
0.000447995
0.000087297
0.000965026
0.000087297
0.000443729
0.000447995
0.000382100
0.011609418
0.001414779
0.000003897
0.000402961
0.000122431
0.000122431
0.000640027
0.000122431
0.000393499
0.001414779
0.000262695
0.001414779
0.000406256
0.009806321
0.048460267

0.000000209
0.000024267
0.000003657
0.000002319
0.000025888
0.000000047
0.000056862
0.000007180
0.000034934
0.000003840
0.000005794
0.000008365
0.000002532
0.000052173
0.000090136
0.000080996
0.000206744
0.000000721
0.000222039
0.000319684
0.000008727
0.000043452
0.000040159
0.000158706
0.000019663
0.000034474
0.000002798
0.000000373
0.000070845
0.000001034
0.001528618

0.032636440
0.024354107
0.008699352
0.037910776
0.045002979
0.011495304
0.075211581
0.024475497
0.052114035
0.017307579
0.004604093
0.025370342
0.006210231
0.035286636
0.002472881
0.001827412
0.079436548
0.039284919
0.027365064
0.055277817
0.016881300
0.001913965
0.037776122
0.013739423
0.028567594
0.026052966
0.012914391
0.036411300
0.003583392
0.097024529
0

0.001065137
0.000593123
0.000075679
0.001437227
0.002025268
0.000132142
0.005656782
0.000599050
0.002715873
0.000299552
0.000021198
0.000643654
0.000038567
0.001245147
0.000006115
0.000003339
0.006310165
0.001543305
0.000748847
0.003055637
0.000284978
0.000003663
0.001427035
0.000188772
0.000816107
0.000678757
0.000166781
0.001325783
0.000012841
0.009413759
0.042534284

4,481.63

-2.25%
-2.30%
2.35%
4.60%
-4.40%
2.30%
10.11%
4.08%
-2.94%
-1.01%
2.04%
-2.00%
2.04%
-1.00%
-1.01%
3.06%
11.88%
-2.65%
0.91%
-0.90%
0.00%
0.00%
3.64%
0.00%
-0.88%
-2.65%
2.73%
-2.65%
-0.91%
11.01%
33.19%

4,490.56
4,479.44
4,498.98
4,503.15
4,491.27
4,503.25
4,548.24
4,571.57
4,609.79
4,612.05
4,634.45
4,632.40
4,651.12
4,696.11
4,663.03
4,716.42
4,795.79
4,811.61
4,751.70
4,848.30
4,874.50
4,854.31
4,835.44
4,786.37
4,819.32
4,802.83
4,822.63
4,831.50
4,802.67
4,819

0.20%
-0.25%
0.44%
0.09%
-0.26%
0.27%
1.00%
0.51%
0.84%
0.05%
0.49%
-0.04%
0.40%
0.97%
-0.70%
1.14%
1.68%
0.33%
-1.25%
2.03%
0.54%
-0.41%
-0.39%
-1.01%
0.69%
-0.34%
0.41%
0.18%
-0.60%
0.35%
7.35%

E(Ri)

E(RM) E(ei)

1.11% 0.24%

i2

M2

0.62%

1.968931814

0.001615342

0.000050954

ei2

RBR

ERBi

0.001417809 0.68% 0.002143109

Ai

Bi

5.859866886

2,734.283144084

NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
JUMLAH

PERUSAHAAN
HARGA
RETURN
355
440
415
390
380
375
385
385
380
380
380
380
405
440
460
460
470
425
445
450
530
520
600
580
590
600
600
600
600
590
610

PASAR
HARGA RETURN

BETA

[Ri-E(Ri)]2

[RM-E(RM)]2

ei

[ei-E(ei)]2

0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296
0.949852296

0.048005431
0.005952645
0.006492518
0.002113813
0.001121788
0.000040087
0.000413520
0.001110370
0.000413520
0.000413520
0.000413520
0.002066091
0.004367168
0.000630981
0.000413520
0.000001971
0.013474539
0.000714152
0.000082796
0.024788165
0.001536885
0.017825174
0.002880312
0.000009572
0.000011465
0.000413520
0.000413520
0.000413520
0.001369138
0.000183958
0.138087184

0.000000209
0.000024267
0.000003657
0.000002319
0.000025888
0.000000047
0.000056862
0.000007180
0.000034934
0.000003840
0.000005794
0.000008365
0.000002532
0.000052173
0.000090136
0.000080996
0.000206744
0.000000721
0.000222039
0.000319684
0.000008727
0.000043452
0.000040159
0.000158706
0.000019663
0.000034474
0.000002798
0.000000373
0.000070845
0.000001034
0.001528618

0.219535762
0.072474260
0.082392567
0.044529624
0.028660241
0.006124831
0.027497761
0.035867442
0.025949316
0.018473878
0.022621485
0.048201428
0.064573101
0.018258480
0.011317321
0.007144536
0.129737418
0.025917318
0.005054491
0.140459490
0.042009087
0.139772205
0.047649206
0.008872269
0.007597958
0.014758146
0.021924035
0.019755214
0.029007014
0.012597134
0

0.048195951
0.005252518
0.006788535
0.001982887
0.000821409
0.000037514
0.000756127
0.001286473
0.000673367
0.000341284
0.000511732
0.002323378
0.004169685
0.000333372
0.000128082
0.000051044
0.016831798
0.000671707
0.000025548
0.019728868
0.001764763
0.019536269
0.002270447
0.000078717
0.000057729
0.000217803
0.000480663
0.000390268
0.000841407
0.000158688
0.136708035

4,481.63

23.94%
-5.68%
-6.02%
-2.56%
-1.32%
2.67%
0.00%
-1.30%
0.00%
0.00%
0.00%
6.58%
8.64%
4.55%
0.00%
2.17%
-9.57%
4.71%
1.12%
17.78%
-1.89%
15.38%
-3.33%
1.72%
1.69%
0.00%
0.00%
0.00%
-1.67%
3.39%
61.01%

4,490.56
4,479.44
4,498.98
4,503.15
4,491.27
4,503.25
4,548.24
4,571.57
4,609.79
4,612.05
4,634.45
4,632.40
4,651.12
4,696.11
4,663.03
4,716.42
4,795.79
4,811.61
4,751.70
4,848.30
4,874.50
4,854.31
4,835.44
4,786.37
4,819.32
4,802.83
4,822.63
4,831.50
4,802.67
4,819

0.20%
-0.25%
0.44%
0.09%
-0.26%
0.27%
1.00%
0.51%
0.84%
0.05%
0.49%
-0.04%
0.40%
0.97%
-0.70%
1.14%
1.68%
0.33%
-1.25%
2.03%
0.54%
-0.41%
-0.39%
-1.01%
0.69%
-0.34%
0.41%
0.18%
-0.60%
0.35%
7.35%

E(Ri)

E(RM) E(ei)

2.03% 0.24%

i2

M2

1.80%

0.949852296

0.004602906

0.000050954

ei2

RBR

ERBi

Ai

0.004556934 0.68% 0.014202170 2.811862439

Bi
197.988227964

NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
JUMLAH

PERUSAHAAN
RETURN

HARGA

660
650
640
630
630
630
620
620
640
670
690
700
670
710
710
730
740
800
810
850
880
860
870
870
870
860
850
860
860
850
870

PASAR
RETURN

HARGA

BETA

[Ri-E(Ri)]2

[RM-E(RM)]2

ei

[ei-E(ei)]2

1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998
1.014445998

0.000612402
0.000623993
0.000636060
0.000092069
0.000092069
0.000648632
0.000092069
0.000513604
0.001389781
0.000410286
0.000023986
0.002751252
0.002510637
0.000092069
0.000344985
0.000016838
0.005110226
0.000008438
0.001583044
0.000660433
0.001044744
0.000004132
0.000092069
0.000092069
0.000444766
0.000450422
0.000004707
0.000092069
0.000450422
0.000194161
0.021082429

0.000000209
0.000024267
0.000003657
0.000002319
0.000025888
0.000000047
0.000056862
0.000007180
0.000034934
0.000003840
0.000005794
0.000008365
0.000002532
0.000052173
0.000090136
0.000080996
0.000206744
0.000000721
0.000222039
0.000319684
0.000008727
0.000043452
0.000040159
0.000158706
0.000019663
0.000034474
0.000002798
0.000000373
0.000070845
0.000001034
0.001528618

0.024282868
0.019982526
0.027160157
0.008050256
0.004433725
0.025688935
0.017244875
0.019944518
0.031283870
0.022243414
0.002455760
0.049518403
0.048492024
0.016922664
0.028204912
0.005026398
0.056899546
0.002043631
0.054903730
0.007560881
0.035319284
0.008719716
0.003166567
0.003184599
0.025587822
0.015266823
0.000472592
0.008975805
0.012684605
0.012902519
0

0.000589658
0.000399301
0.000737674
0.000064807
0.000019658
0.000659921
0.000297386
0.000397784
0.000978681
0.000494769
0.000006031
0.002452072
0.002351476
0.000286377
0.000795517
0.000025265
0.003237558
0.000004176
0.003014420
0.000057167
0.001247452
0.000076033
0.000010027
0.000010142
0.000654737
0.000233076
0.000000223
0.000080565
0.000160899
0.000166475
0.019509327

4,481.63

-1.52%
-1.54%
-1.56%
0.00%
0.00%
-1.59%
0.00%
3.23%
4.69%
2.99%
1.45%
-4.29%
5.97%
0.00%
2.82%
1.37%
8.11%
1.25%
4.94%
3.53%
-2.27%
1.16%
0.00%
0.00%
-1.15%
-1.16%
1.18%
0.00%
-1.16%
2.35%
28.79%

4,490.56
4,479.44
4,498.98
4,503.15
4,491.27
4,503.25
4,548.24
4,571.57
4,609.79
4,612.05
4,634.45
4,632.40
4,651.12
4,696.11
4,663.03
4,716.42
4,795.79
4,811.61
4,751.70
4,848.30
4,874.50
4,854.31
4,835.44
4,786.37
4,819.32
4,802.83
4,822.63
4,831.50
4,802.67
4,819

0.20%
-0.25%
0.44%
0.09%
-0.26%
0.27%
1.00%
0.51%
0.84%
0.05%
0.49%
-0.04%
0.40%
0.97%
-0.70%
1.14%
1.68%
0.33%
-1.25%
2.03%
0.54%
-0.41%
-0.39%
-1.01%
0.69%
-0.34%
0.41%
0.18%
-0.60%
0.35%
7.35%

E(Ri)

E(RM) E(ei)

0.96% 0.24%

i2

M2

0.71%

1.014445998

0.000702748

0.000050954

ei2

RBR

ERBi

0.000650311 0.68% 0.002710835

Ai

Bi

4.289828311

1,582.474937162

NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
JUMLAH

PERUSAHAAN
HARGA
RETURN
230
225
230
265
290
280
280
305
315
370
395
425
415
390
385
375
310
285
320
315
320
320
285
300
285
285
275
285
265
265
280

PASAR
HARGA RETURN

BETA

[Ri-E(Ri)]2

[RM-E(RM)]2

ei

[ei-E(ei)]2

0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104
0.967484104

0.000965869
0.000165970
0.020401726
0.007225055
0.001920373
0.000087223
0.006391429
0.000549789
0.027312148
0.003390531
0.004436901
0.001080352
0.004841413
0.000491057
0.001247031
0.033369291
0.008097203
0.012874923
0.000623216
0.000042689
0.000087223
0.014093085
0.001874221
0.003521153
0.000087223
0.001973760
0.000730315
0.006322594
0.000087223
0.002233930
0.166524916

0.000000209
0.000024267
0.000003657
0.000002319
0.000025888
0.000000047
0.000056862
0.000007180
0.000034934
0.000003840
0.000005794
0.000008365
0.000002532
0.000052173
0.000090136
0.000080996
0.000206744
0.000000721
0.000222039
0.000319684
0.000008727
0.000043452
0.000040159
0.000158706
0.000019663
0.000034474
0.000002798
0.000000373
0.000070845
0.000001034
0.001528618

0.030636025
0.017648902
0.140984493
0.086473778
0.038899494
0.009549771
0.072650897
0.020855111
0.159545547
0.060124141
0.064281343
0.030070562
0.071119772
0.029148034
0.026128051
0.191379781
0.103895518
0.112646445
0.010547832
0.010764623
0.012197348
0.112336823
0.049423342
0.047151087
0.013629394
0.038746439
0.025406009
0.078923986
0.001196041
0.046280572
0

0.000938566
0.000311484
0.019876627
0.007477714
0.001513171
0.000091198
0.005278153
0.000434936
0.025454781
0.003614912
0.004132091
0.000904239
0.005058022
0.000849608
0.000682675
0.036626221
0.010794279
0.012689222
0.000111257
0.000115877
0.000148775
0.012619562
0.002442667
0.002223225
0.000185760
0.001501287
0.000645465
0.006228996
0.000001431
0.002141891
0.165094090

4,481.63

-2.17%
2.22%
15.22%
9.43%
-3.45%
0.00%
8.93%
3.28%
17.46%
6.76%
7.59%
-2.35%
-6.02%
-1.28%
-2.60%
-17.33%
-8.06%
12.28%
-1.56%
1.59%
0.00%
-10.94%
5.26%
-5.00%
0.00%
-3.51%
3.64%
-7.02%
0.00%
5.66%
28.02%

4,490.56
4,479.44
4,498.98
4,503.15
4,491.27
4,503.25
4,548.24
4,571.57
4,609.79
4,612.05
4,634.45
4,632.40
4,651.12
4,696.11
4,663.03
4,716.42
4,795.79
4,811.61
4,751.70
4,848.30
4,874.50
4,854.31
4,835.44
4,786.37
4,819.32
4,802.83
4,822.63
4,831.50
4,802.67
4,819

0.20%
-0.25%
0.44%
0.09%
-0.26%
0.27%
1.00%
0.51%
0.84%
0.05%
0.49%
-0.04%
0.40%
0.97%
-0.70%
1.14%
1.68%
0.33%
-1.25%
2.03%
0.54%
-0.41%
-0.39%
-1.01%
0.69%
-0.34%
0.41%
0.18%
-0.60%
0.35%
7.35%

E(Ri)

E(RM) E(ei)

0.93% 0.24%

i2

M2

0.70%

0.967484104

0.005550831

0.000050954

ei2

RBR

ERBi

0.005503136 0.68% 0.002577885

Ai
0.438471112

Bi
170.089460326

NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
JUMLAH

PERUSAHAAN
RETURN

HARGA

1,420
1,400
1,390
1,400
1,400
1,380
1,380
1,380
1,460
1,600
1,600
1,600
1,600
1,680
1,670
1,630
1,670
1,640
1,610
1,630
1,650
1,630
1,620
1,640
1,670
1,740
1,810
1,740
1,810
1,770
1,820

PASAR
RETURN

HARGA

BETA

[Ri-E(Ri)]2

[RM-E(RM)]2

ei

[ei-E(ei)]2

0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334
0.566874334

0.000518901
0.000250834
0.000002252
0.000075601
0.000528108
0.000075601
0.000075601
0.002428136
0.007603059
0.000075601
0.000075601
0.000075601
0.001706112
0.000214543
0.001065826
0.000251064
0.000710700
0.000728329
0.000013894
0.000012781
0.000433310
0.000219925
0.000013328
0.000092118
0.001103653
0.000994456
0.002243815
0.000994456
0.000948291
0.000382347
0.023913845

0.000000209
0.000024267
0.000003657
0.000002319
0.000025888
0.000000047
0.000056862
0.000007180
0.000034934
0.000003840
0.000005794
0.000008365
0.000002532
0.000052173
0.000090136
0.000080996
0.000206744
0.000000721
0.000222039
0.000319684
0.000008727
0.000043452
0.000040159
0.000158706
0.000019663
0.000034474
0.000002798
0.000000373
0.000070845
0.000001034
0.001528618

0.022520182
0.013045236
0.002584680
0.007831555
0.020096346
0.008818212
0.012969526
0.047757124
0.083845001
0.007584049
0.010059352
0.007055382
0.040403070
0.018741855
0.027265093
0.010743239
0.034809816
0.027468779
0.012174456
0.006560504
0.022490709
0.011093129
0.007243138
0.016739186
0.030707597
0.034863395
0.048317145
0.031881131
0.026022990
0.018977203
0

0.000507159
0.000170178
0.000006681
0.000061333
0.000403863
0.000077761
0.000168209
0.002280743
0.007029984
0.000057518
0.000101191
0.000049778
0.001632408
0.000351257
0.000743385
0.000115417
0.001211723
0.000754534
0.000148217
0.000043040
0.000505832
0.000123058
0.000052463
0.000280200
0.000942957
0.001215456
0.002334546
0.001016407
0.000677196
0.000360134
0.023422628

4,481.63

-1.41%
-0.71%
0.72%
0.00%
-1.43%
0.00%
0.00%
5.80%
9.59%
0.00%
0.00%
0.00%
5.00%
-0.60%
-2.40%
2.45%
-1.80%
-1.83%
1.24%
1.23%
-1.21%
-0.61%
1.23%
1.83%
4.19%
4.02%
-3.87%
4.02%
-2.21%
2.82%
26.08%

4,490.56
4,479.44
4,498.98
4,503.15
4,491.27
4,503.25
4,548.24
4,571.57
4,609.79
4,612.05
4,634.45
4,632.40
4,651.12
4,696.11
4,663.03
4,716.42
4,795.79
4,811.61
4,751.70
4,848.30
4,874.50
4,854.31
4,835.44
4,786.37
4,819.32
4,802.83
4,822.63
4,831.50
4,802.67
4,819

0.20%
-0.25%
0.44%
0.09%
-0.26%
0.27%
1.00%
0.51%
0.84%
0.05%
0.49%
-0.04%
0.40%
0.97%
-0.70%
1.14%
1.68%
0.33%
-1.25%
2.03%
0.54%
-0.41%
-0.39%
-1.01%
0.69%
-0.34%
0.41%
0.18%
-0.60%
0.35%
7.35%

E(Ri)

E(RM) E(ei)

0.87% 0.24%

i2

M2

0.73%

0.566874334

0.000797128

0.000050954

ei2

RBR

ERBi

0.000780754 0.68% 0.003262899

Ai
1.342959467

Bi
411.584692817

PEMILIHAN PORTOFOLIO OPTIMAL

NAMA
SAHAM
1
MLPL
2
DILD
3
LPPF
4
BTEK
5
TGKA
6 HOME
7
JPFA
8
PNBN
9
BRMS
10 ADES

NO

E(Ri)

M2

2.03%
1.92%
1.65%
1.93%
3.09%
1.56%
0.87%
0.96%
0.93%
1.11%

0.0000510
0.0000510
0.0000510
0.0000510
0.0000510
0.0000510
0.0000510
0.0000510
0.0000510
0.0000510

0.9498523
1.1370548
0.9693371
1.3741927
4.7260887
1.7537430
0.5668743
1.0144460
0.9674841
1.9689318

ei2

ERBi

Ai

Bi

Aj

Bj

Ci

Zi

0.0045569 0.0142022
2.8118624 197.9882 2.8118624
197.9882 0.0001418 2.5786
0.0013972 0.0108307 10.0219514 925.3260 12.8338139 1123.3142 0.0006185 7.3235
0.0037556 0.0099411
2.4871664 250.1911 15.3209803 1373.5053 0.0007296 2.0931
0.0031121 0.0090846
5.5125731 606.8041 20.8335534 1980.3094 0.0009643 3.2028
0.0061369 0.0050830 18.5000112 3639.5829 39.3335646 5619.8923 0.0015580 2.5040
0.0024691 0.0049964
6.2236676 1245.6323 45.5572322 6865.5246 0.0017197 2.2480
0.0007808 0.0032629
1.3429595 411.5847 46.9001917 7277.1093 0.0017433 1.0393
0.0006503 0.0027108
4.2898283 1582.4749 51.1900200 8859.5843 0.0017971 1.3718
0.0055031 0.0025779
0.4384711 170.0895 51.6284911 9029.6737 0.0018017 0.1312
0.0014178 0.0021431
5.8598669 2734.2831 57.4883580 11763.9569 0.0018315 0.4328
TITIK CUT-OFF POINT
0.0018315
JUMLAH
22.9252

Wi
0.1125
0.3195
0.0913
0.1397
0.1092
0.0981
0.0453
0.0598
0.0057
0.0189

PROPORSI
11.25%
31.95%
9.13%
13.97%
10.92%
9.81%
4.53%
5.98%
0.57%
1.89%
100.00%