2014 2015 2016 2017 2018

1 2 3 4 5 6 7 8 9 10
AALI AALI AALI AALI AALI AALI AALI AALI AALI ADHI
ADRO ADHI ADHI ADHI ADHI ADHI ADHI ADHI ADHI ADRO
AKRA ADRO ADRO ADRO ADRO ADRO ADRO ADRO ADRO AKRA
ASII AKRA AKRA AKRA AKRA AKRA AKRA AKRA AKRA ANTM
ASRI ASII ANTM ANTM ASII ANTM ANTM ANTM ANTM ASII
BBCA ASRI ASII ASII ASRI ASII ASII ASII ASII BBCA
BBNI BBCA ASRI ASRI BBCA ASRI ASRI ASRI BBCA BBNI
BBRI BBNI BBCA BBCA BBNI BBCA BBCA BBCA BBNI BBRI
BBTN BBRI BBNI BBNI BBRI BBNI BBNI BBNI BBRI BBTN
BDMN BDMN BBRI BBRI BBTN BBRI BBRI BBRI BBTN BJBR
BHIT BKSL BBTN BBTN BMRI BBTN BBTN BBTN BJBR BMRI
BKSL BMRI BDMN BMRI BMTR BMRI BMRI BMRI BMRI BMTR
BMRI BMTR BMRI BMTR BSDE BMTR BMTR BSDE BMTR BRPT
BMTR BSDE BMTR BSDE CPIN BSDE BSDE BUMI BRPT BSDE
BSDE CPIN BSDE CPIN EXCL CPIN CPIN CPIN BSDE BUMI
BUMI CTRA CPIN CTRA GGRM GGRM ELSA ELSA BUMI EXCL
BWPT EXCL CTRA EXCL ICBP HMSP GGRM EXCL EXCL GGRM
CPIN GGRM EXCL GGRM INCO ICBP HMSP GGRM GGRM HMSP
EXCL HRUM GGRM ICBP INDF INCO ICBP HMSP HMSP ICBP
GGRM ICBP HRUM INCO INTP INDF INCO ICBP ICBP INCO
HRUM INDF ICBP INDF ITMG INTP INDF INCO INCO INDF
ICBP INTP INCO INTP JSMR JSMR INTP INDF INDF INDY
IMAS ITMG INDF ITMG KLBF KLBF JSMR INTP INTP INTP
INCO JSMR INTP JSMR LPKR LPKR KLBF JSMR JSMR JSMR
INDF KLBF ITMG KLBF LPPF LPPF LPKR KLBF KLBF KLBF
INTP LPKR JSMR LPKR LSIP LSIP LPPF LPKR LPKR LPKR
ITMG LSIP KLBF LPPF MNCN MNCN LSIP LPPF LPPF LPPF
JSMR MAIN LPKR LSIP MPPA MPPA MNCN LSIP LSIP MNCN
KLBF MLPL LPPF MNCN PGAS MYRX MPPA MNCN MNCN MYRX
LPKR MNCN LSIP MPPA PTBA PGAS MYRX MYRX MYRX PGAS
LSIP PGAS MNCN PGAS PTPP PTBA PGAS PGAS PGAS PTBA
MAIN PTBA PGAS PTBA PWON PTPP PTBA PPRO PPRO PTPP
MAPI PTPP PTBA PTPP SCMA PWON PTPP PTBA PTBA PWON
MLPL PWON PTPP PWON SILO SCMA PWON PTPP PTPP SCMA
MNCN SMGR PWON SCMA SMGR SILO SCMA PWON PWON SMGR
PGAS SMRA SCMA SILO SMRA SMGR SILO SCMA SCMA SRIL
PTBA SSIA SMGR SMGR SRIL SMRA SMGR SMGR SMGR SSMS
PWON TAXI SMRA SMRA SSMS SRIL SMRA SMRA SMRA TLKM
SMCB TBIG TAXI SSMS TBIG SSMS SRIL SRIL SRIL TPIA
SMGR TLKM TBIG TBIG TLKM TBIG SSMS SSMS SSMS TRAM
SSIA UNTR TLKM TLKM UNTR TLKM TLKM TLKM TLKM UNTR
TLKM UNVR UNTR UNTR UNVR UNTR UNTR UNTR UNTR UNVR
UNTR VIVA UNVR UNVR WIKA UNVR UNVR UNVR UNVR WIKA
UNVR WIKA WIKA WIKA WSKT WIKA WIKA WIKA WIKA WSBP
WIKA WSKT WSKT WSKT WTON WSKT WSKT WSKT WSKT WSKT
 Kode
2018 me
11 1 BBCA 687,708
ADHI AALI 9 BBRI 470,133
ADRO ADRO 11 TLKM 386,343
AKRA AKRA 11 UNVR 381,500
ANTM ASII 11 BMRI 344,190
ASII ASRI 8 ASII 342,086
BBCA BBCA 11 BBNI 167,544
BBNI BBNI 11 GGRM 160,950
BBRI BBRI 11 UNTR 95,958
BBTN BBTN 10 SMGR 75,182
BJBR BDMN 3 KLBF 75,000
BKSL BHIT 1 INTP 70,772
BMRI BKSL 3 INDF 68,048
BRPT BMRI 11 PGAS 62,301
BSDE BMTR 9 ADRO 44,460
ELSA BSDE 11 JSMR 35,709
EXCL BUMI 4 BSDE 25,598
GGRM BWPT 1 AKRA 21,077
HMSP CPIN 8 WIKA 16,998
ICBP EXCL 9 MNCN 12,063
INCO GGRM 11 LPKR 6,462
INDF HRUM 3
INDY ICBP 11
INKP IMAS 1
INTP INCO 10
ITMG INDF 11
JSMR INTP 11
KLBF ITMG 6
LPKR JSMR 11
LPPF KLBF 11
MEDC LPKR 11
MNCN LSIP 9
PGAS MAIN 2
PTBA MAPI 1
PTPP MLPL 2
SCMA MNCN 11
SMGR PGAS 11
SRIL PTBA 11
SSMS PWON 10
TLKM SMCB 1
TPIA SMGR 11
UNTR SSIA 2
UNVR TLKM 11
WIKA UNTR 11
WSBP UNVR 11
WSKT WIKA 11
LQ45 ASII BBCA

Tanggal CLOSE Tanggal CLOSE Tanggal

1-Dec-13 ### 1-Dec-13 ,800.00 1-Dec-13

1-Jan-14 690.61 1-Jan-14 ### 1-Jan-14
1-Feb-14 719.64 1-Feb-14 ,950.00 1-Feb-14
1-Mar-14 ### 1-Mar-14 ### 1-Mar-14
1-Apr-14 792.70 1-Apr-14 ,425.00 1-Apr-14
1-May-14 ### 1-May-14 ### 1-May-14
1-Jun-14 813.99 1-Jun-14 ,275.00 1-Jun-14
1-Jul-14 ### 1-Jul-14 ,725.00 1-Jul-14
1-Aug-14 ### 1-Aug-14 ,575.00 1-Aug-14
1-Sep-14 859.95 1-Sep-14 ### 1-Sep-14
1-Oct-14 ### 1-Oct-14 ,775.00 1-Oct-14
1-Nov-14 ### 1-Nov-14 ,125.00 1-Nov-14
1-Dec-14 ### 1-Dec-14 ,425.00 1-Dec-14
1-Jan-15 881.67 1-Jan-15 ,850.00 1-Jan-15
1-Feb-15 ### 1-Feb-15 ,850.00 1-Feb-15
1-Mar-15 ### 1-Mar-15 ### 1-Mar-15
1-Apr-15 ### 1-Apr-15 ### 1-Apr-15
1-May-15 ### 1-May-15 ,300.00 1-May-15
1-Jun-15 823.39 1-Jun-15 ### 1-Jun-15
1-Jul-15 ### 1-Jul-15 ,650.00 1-Jul-15
1-Aug-15 ### 1-Aug-15 ,925.00 1-Aug-15
1-Sep-15 660.81 1-Sep-15 ,225.00 1-Sep-15
1-Oct-15 ### 1-Oct-15 ,900.00 1-Oct-15
1-Nov-15 ### 1-Nov-15 ,925.00 1-Nov-15
1-Dec-15 ### 1-Dec-15 ,000.00 1-Dec-15
1-Jan-16 767.90 1-Jan-16 ### 1-Jan-16
1-Feb-16 ### 1-Feb-16 ,800.00 1-Feb-16
1-Mar-16 ### 1-Mar-16 ,250.00 1-Mar-16
1-Apr-16 ### 1-Apr-16 ,725.00 1-Apr-16
1-May-16 ### 1-May-16 ,600.00 1-May-16
1-Jun-16 807.88 1-Jun-16 ,400.00 1-Jun-16
1-Jul-16 ### 1-Jul-16 ,725.00 1-Jul-16
1-Aug-16 ### 1-Aug-16 ,150.00 1-Aug-16
1-Sep-16 ### 1-Sep-16 ### 1-Sep-16
1-Oct-16 914.81 1-Oct-16 ,225.00 1-Oct-16
1-Nov-16 848.73 1-Nov-16 ,550.00 1-Nov-16
1-Dec-16 ### 1-Dec-16 ,275.00 1-Dec-16
1-Jan-17 ### 1-Jan-17 ,950.00 1-Jan-17
1-Feb-17 885.87 1-Feb-17 ,200.00 1-Feb-17
1-Mar-17 887.90 1-Mar-17 ,625.00 1-Mar-17
1-Apr-17 916.85 1-Apr-17 ,950.00 1-Apr-17
1-May-17 925.74 1-May-17 ,750.00 1-May-17
1-Jun-17 948.77 1-Jun-17 ,925.00 1-Jun-17
1-Jul-17 ### 1-Jul-17 ,975.00 1-Jul-17
1-Aug-17 ### 1-Aug-17 ,875.00 1-Aug-17
1-Sep-17 958.70 1-Sep-17 ,900.00 1-Sep-17
1-Oct-17 ### 1-Oct-17 ,000.00 1-Oct-17
1-Nov-17 ### 1-Nov-17 ,975.00 1-Nov-17
1-Dec-17 ### 1-Dec-17 ,300.00 1-Dec-17
1-Jan-18 1,105.76 1-Jan-18 ### 1-Jan-18
1-Feb-18 1,100.28 1-Feb-18 ### 1-Feb-18
1-Mar-18 1,005.68 1-Mar-18 ,300.00 1-Mar-18
1-Apr-18 ### 1-Apr-18 ,150.00 1-Apr-18
1-May-18 ### 1-May-18 ,900.00 1-May-18
1-Jun-18 908.97 1-Jun-18 ,600.00 1-Jun-18
1-Jul-18 933.89 1-Jul-18 ,150.00 1-Jul-18
1-Aug-18 951.88 1-Aug-18 ,250.00 1-Aug-18
1-Sep-18 946:15:00 1-Sep-18 ### 1-Sep-18
1-Oct-18 922.72 1-Oct-18 ,900.00 1-Oct-18
1-Nov-18 ### 1-Nov-18 ### 1-Nov-18
1-Dec-18 982.73 1-Dec-18 ,225.00 1-Dec-18
 BBNI BBRI

close Tanggal Close Tanggal Close

9,600.00 1-Dec-13 3,950.00 1-Dec-13 ,450.00

9,925.00 1-Jan-14 4,360.00 1-Jan-14 ,665.00
10,225 1-Feb-14 4,550,00 1-Feb-14 ,855.00
10,600.00 1-Mar-14 4,960.00 1-Mar-14 ,915.00
11,000.00 1-Apr-14 4,815.00 1-Apr-14 ,980.00
10,775.00 1-May-14 4,775.00 1-May-14 ,040.00
11,000.00 1-Jun-14 4,765.00 1-Jun-14 ,065.00
11,600.00 1-Jul-14 5,100.00 1-Jul-14 ,240.00
11,200 1-Aug-14 5,350.00 1-Aug-14 ,210.00
13,075.00 1-Sep-14 5,525.00 1-Sep-14 ,085.00
13,050.00 1-Oct-14 5,950.00 1-Oct-14 ,215.00
13,100.00 1-Nov-14 6,025.00 1-Nov-14 ,305.00
13,125 1-Dec-14 6,100.00 1-Dec-14 ,330.00
13,375.00 1-Jan-15 6,250.00 1-Jan-15 ,335.00
14,100.00 1-Feb-15 6,875.00 1-Feb-15 ,575.00
14,825 1-Mar-15 7,225.00 1-Mar-15 ,655.00
13,475.00 1-Apr-15 6,425.00 1-Apr-15 ,325.00
14,125 1-May-15 6,875.00 1-May-15 ,355.00
13,500.00 1-Jun-15 5,300.00 1-Jun-15 ,070.00
13,100.00 1-Jul-15 4,760.00 1-Jul-15 ###
12,900.00 1-Aug-15 4,950.00 1-Aug-15 ,125.00
12,275.00 1-Sep-15 4,135.00 1-Sep-15 ,730.00
12,900.00 1-Oct-15 4,755.00 1-Oct-15 ,105.00
12,375.00 1-Nov-15 4,770.00 1-Nov-15 ,155.00
13,300.00 1-Dec-15 4,990.00 1-Dec-15 ,285.00
13,100.00 1-Jan-16 4,910.00 1-Jan-16 ,245.00
13,475.00 1-Feb-16 5,075.00 1-Feb-16 ,215.00
13,300.00 1-Mar-16 5,200.00 1-Mar-16 ,285.00
13,050.00 1-Apr-16 4,585.00 1-Apr-16 ,070.00
13,000.00 1-May-16 4,800.00 1-May-16 ,070.00
13,325.00 1-Jun-16 5,200.00 1-Jun-16 ,160.00
14,450.00 1-Jul-16 5,350.00 1-Jul-16 ,305.00
15.050.00 1-Aug-16 5,875.00 1-Aug-16 ,330.00
15,700.00 1-Sep-16 5,550.00 1-Sep-16 ,440.00
15,525 1-Oct-16 5,575.00 1-Oct-16 ,440.00
14,300.00 1-Nov-16 5,175.00 1-Nov-16 ,180.00
15,500.00 1-Dec-16 5,525.00 1-Dec-16 ,335.00
15,300.00 1-Jan-17 5,700.00 1-Jan-17 ,345.00
15,450.00 1-Feb-17 6,250.00 1-Feb-17 ,390.00
16,550.00 1-Mar-17 6,475.00 1-Mar-17 ,595,00
17,750.00 1-Apr-17 6,375.00 1-Apr-17 ,580.00
17,150 1-May-17 6,550.00 1-May-17 ,895.00
18,250 1-Jun-17 6,600.00 1-Jun-17 ,050.00
18,700.00 1-Jul-17 7,450.00 1-Jul-17 ,955.00
18,950.00 1-Aug-17 7,350.00 1-Aug-17 ,025.00
20,300.00 1-Sep-17 7,400.00 1-Sep-17 ,055.00
20,900.00 1-Oct-17 7,600.00 1-Oct-17 ,120.00
20,350.00 1-Nov-17 8,100.00 1-Nov-17 ,210.00
21,900.00 1-Dec-17 9,900.00 1-Dec-17 ,640.00
22,725.00 1-Jan-18 9,400.00 1-Jan-18 ,700.00
23,175.00 1-Feb-18 9,725.00 1-Feb-18 ,780.00
23,300.00 1-Mar-18 8,675.00 1-Mar-18 ,600.00
22,100.00 1-Apr-18 8,050.00 1-Apr-18 ,220.00
22,700.00 1-May-18 8,475.00 1-May-18 ,080.00
21,475.00 1-Jun-18 7,050.00 1-Jun-18 ,840.00
23,275 1-Jul-18 7,400.00 1-Jul-18 ,070.00
24,800.00 1-Aug-18 7,800.00 1-Aug-18 ,180.00
24.150.00 1-Sep-18 7,400.00 1-Sep-18 ,150.00
23,650.00 1-Oct-18 7,325 1-Oct-18 ,150.00
26,050.00 1-Nov-18 8,500.00 1-Nov-18 ,620.00
26,000.00 1-Dec-18 8,800.00 1-Dec-18 ,660.00
BMRI GGRM INDF

Tanggal Close Tanggal Close Tanggal Close

1-Dec-13 ,925.00 1-Dec-13 ### 1-Dec-13 6,600.00

1-Jan-14 ,350.00 1-Jan-14 ### 1-Jan-14 6,975.00
1-Feb-14 ,550,00 1-Feb-14 ### 1-Feb-14 7,175.00
1-Mar-14 ,725.00 1-Mar-14 ### 1-Mar-14 7,300.00
1-Apr-14 ,912.50 1-Apr-14 56,500.00 1-Apr-14 7,050.00
1-May-14 ,087.50 1-May-14 52,050.00 1-May-14 6,825.00
1-Jun-14 ,862.50 1-Jun-14 ### 1-Jun-14 6,700.00
1-Jul-14 ,125.00 1-Jul-14 54.200.00 1-Jul-14 7,075.00
1-Aug-14 ,187.50 1-Aug-14 ### 1-Aug-14 6,875.00
1-Sep-14 ,037.50 1-Sep-14 56,675.00 1-Sep-14 7,000.00
1-Oct-14 ,175.00 1-Oct-14 57,750.00 1-Oct-14 6,825.00
1-Nov-14 ,262.50 1-Nov-14 ### 1-Nov-14 6,700.00
1-Dec-14 ,387.50 1-Dec-14 ### 1-Dec-14 6,750.00
1-Jan-15 ### 1-Jan-15 ### 1-Jan-15 7,550.00
1-Feb-15 ,000.00 1-Feb-15 53,425.00 1-Feb-15 7,400.00
1-Mar-15 ,237.50 1-Mar-15 ### 1-Mar-15 7,450.00
1-Apr-15 ,375.00 1-Apr-15 ### 1-Apr-15 6,750.00
1-May-15 ,387.50 1-May-15 ### 1-May-15 7,300.00
1-Jun-15 ,025.00 1-Jun-15 ### 1-Jun-15 6,575.00
1-Jul-15 ,762.50 1-Jul-15 ### 1-Jul-15 6,100.00
1-Aug-15 ,550,00 1-Aug-15 ### 1-Aug-15 5,300.00
1-Sep-15 ,962.50 1-Sep-15 ### 1-Sep-15 5,500.00
1-Oct-15 ,350.00 1-Oct-15 ### 1-Oct-15 5,525.00
1-Nov-15 ,250.00 1-Nov-15 ### 1-Nov-15 4,875.00
1-Dec-15 ,625.00 1-Dec-15 ### 1-Dec-15 5,175.00
1-Jan-16 ,800.00 1-Jan-16 ### 1-Jan-16 6,200.00
1-Feb-16 ,775.00 1-Feb-16 ### 1-Feb-16 7,050.00
1-Mar-16 ,150.00 1-Mar-16 ### 1-Mar-16 7,225.00
1-Apr-16 ,825.00 1-Apr-16 ### 1-Apr-16 7,125.00
1-May-16 ,512.50 1-May-16 69.200.00 1-May-16 6,925.00
1-Jun-16 ,762.50 1-Jun-16 69,000.00 1-Jun-16 7,250.00
1-Jul-16 ,050.00 1-Jul-16 67,525.00 1-Jul-16 8,325.00
1-Aug-16 ,612.50 1-Aug-16 ### 1-Aug-16 7,925.00
1-Sep-16 ,600.00 1-Sep-16 ### 1-Sep-16 8,700.00
1-Oct-16 ,737.50 1-Oct-16 ### 1-Oct-16 8,500.00
1-Nov-16 ,250.00 1-Nov-16 ### 1-Nov-16 7,575.00
1-Dec-16 ,787.50 1-Dec-16 ### 1-Dec-16 7,925.00
1-Jan-17 ,450.00 1-Jan-17 61,750.00 1-Jan-17 7,925.00
1-Feb-17 ,650.00 1-Feb-17 ### 1-Feb-17 8,125.00
1-Mar-17 ,850.00 1-Mar-17 65,525.00 1-Mar-17 8,000.00
1-Apr-17 ,850.00 1-Apr-17 ### 1-Apr-17 8,375.00
1-May-17 ,300.00 1-May-17 ### 1-May-17 8,750.00
1-Jun-17 ,375.00 1-Jun-17 ### 1-Jun-17 8,600.00
1-Jul-17 ,825.00 1-Jul-17 ### 1-Jul-17 8,375.00
1-Aug-17 ### 1-Aug-17 69.200.00 1-Aug-17 8,375.00
1-Sep-17 ,725.00 1-Sep-17 ### 1-Sep-17 8,425.00
1-Oct-17 ### 1-Oct-17 ### 1-Oct-17 8,200.00
1-Nov-17 ,400.00 1-Nov-17 76,525.00 1-Nov-17 7,325
1-Dec-17 ,000.00 1-Dec-17 ### 1-Dec-17 7,625.00
1-Jan-18 ,150.00 1-Jan-18 81,050.00 1-Jan-18 7,750.00
1-Feb-18 ,300.00 1-Feb-18 79,750.00 1-Feb-18 7,575.00
1-Mar-18 ,675.00 1-Mar-18 72,475.00 1-Mar-18 7,200.00
1-Apr-18 ,125.00 1-Apr-18 69,325.00 1-Apr-18 6,975.00
1-May-18 ### 1-May-18 68,500.00 1-May-18 7,075.00
1-Jun-18 ### 1-Jun-18 ### 1-Jun-18 6,650.00
1-Jul-18 ,650.00 1-Jul-18 75.150.00 1-Jul-18 6,350.00
1-Aug-18 ,900.00 1-Aug-18 ### 1-Aug-18 6,375.00
1-Sep-18 ,725.00 1-Sep-18 ### 1-Sep-18 5,900.00
1-Oct-18 ### 1-Oct-18 ### 1-Oct-18 5,975.00
1-Nov-18 ,400.00 1-Nov-18 ### 1-Nov-18 6,600.00
1-Dec-18 ### 1-Dec-18 83,625.00 1-Dec-18 7,450.00
INTP KLBF SMGR

Tanggal Close Tanggal Close Tanggal

1-Dec-13 20,000.00 1-Dec-13 ,250.00 1-Dec-13

1-Jan-14 22,400.00 1-Jan-14 ,405.00 1-Jan-14
1-Feb-14 22,450.00 1-Feb-14 ,450.00 1-Feb-14
1-Mar-14 23,375.00 1-Mar-14 ,465.00 1-Mar-14
1-Apr-14 21,950.00 1-Apr-14 ,545.00 1-Apr-14
1-May-14 22,650.00 1-May-14 ,540.00 1-May-14
1-Jun-14 22,550.00 1-Jun-14 ,660.00 1-Jun-14
1-Jul-14 24,950.00 1-Jul-14 ,730.00 1-Jul-14
1-Aug-14 24,250.00 1-Aug-14 ,660.00 1-Aug-14
1-Sep-14 21,550.00 1-Sep-14 ,700.00 1-Sep-14
1-Oct-14 24,000.00 1-Oct-14 ,705.00 1-Oct-14
1-Nov-14 24,675.00 1-Nov-14 ,750.00 1-Nov-14
1-Dec-14 25,000.00 1-Dec-14 ,830.00 1-Dec-14
1-Jan-15 23,000.00 1-Jan-15 ,865.00 1-Jan-15
1-Feb-15 24,050.00 1-Feb-15 ,805.00 1-Feb-15
1-Mar-15 21,925.00 1-Mar-15 ,865.00 1-Mar-15
1-Apr-15 21,000.00 1-Apr-15 ,795.00 1-Apr-15
1-May-15 22,400.00 1-May-15 ,840.00 1-May-15
1-Jun-15 20,875.00 1-Jun-15 ,675.00 1-Jun-15
1-Jul-15 20.025.00 1-Jul-15 ,745.00 1-Jul-15
1-Aug-15 19,625 1-Aug-15 ,675.00 1-Aug-15
1-Sep-15 16,450.00 1-Sep-15 ,375.00 1-Sep-15
1-Oct-15 18,000.00 1-Oct-15 ,430.00 1-Oct-15
1-Nov-15 18,700.00 1-Nov-15 ,335.00 1-Nov-15
1-Dec-15 22,325.00 1-Dec-15 ,320.00 1-Dec-15
1-Jan-16 19,700.00 1-Jan-16 ,335.00 1-Jan-16
1-Feb-16 20.025.00 1-Feb-16 ,300.00 1-Feb-16
1-Mar-16 19,725 1-Mar-16 ,445.00 1-Mar-16
1-Apr-16 19,725 1-Apr-16 ,375.00 1-Apr-16
1-May-16 16,650.00 1-May-16 ,430.00 1-May-16
1-Jun-16 16,875.00 1-Jun-16 ,530.00 1-Jun-16
1-Jul-16 17,075.00 1-Jul-16 ,675.00 1-Jul-16
1-Aug-16 17,700.00 1-Aug-16 ,795.00 1-Aug-16
1-Sep-16 17,350.00 1-Sep-16 ,715.00 1-Sep-16
1-Oct-16 16,450.00 1-Oct-16 ,740.00 1-Oct-16
1-Nov-16 15,975.00 1-Nov-16 ,500.00 1-Nov-16
1-Dec-16 15,400.00 1-Dec-16 ,515.00 1-Dec-16
1-Jan-17 15.025.00 1-Jan-17 ,450.00 1-Jan-17
1-Feb-17 15,150 1-Feb-17 ,530.00 1-Feb-17
1-Mar-17 16,600.00 1-Mar-17 ,540.00 1-Mar-17
1-Apr-17 16,950.00 1-Apr-17 ,585.00 1-Apr-17
1-May-17 18,500.00 1-May-17 ,540.00 1-May-17
1-Jun-17 18,450.00 1-Jun-17 ,625.00 1-Jun-17
1-Jul-17 17,500.00 1-Jul-17 ,735.00 1-Jul-17
1-Aug-17 19,800.00 1-Aug-17 ,710.00 1-Aug-17
1-Sep-17 18,900.00 1-Sep-17 ,665.00 1-Sep-17
1-Oct-17 22,450.00 1-Oct-17 ,600.00 1-Oct-17
1-Nov-17 18,425.00 1-Nov-17 ,600.00 1-Nov-17
1-Dec-17 21,950.00 1-Dec-17 ,690.00 1-Dec-17
1-Jan-18 21,800.00 1-Jan-18 ,665.00 1-Jan-18
1-Feb-18 21,975.00 1-Feb-18 ,600.00 1-Feb-18
1-Mar-18 16,000.00 1-Mar-18 ,500.00 1-Mar-18
1-Apr-18 17,725.00 1-Apr-18 ,505,00 1-Apr-18
1-May-18 17,625.00 1-May-18 ,370.00 1-May-18
1-Jun-18 13,650.00 1-Jun-18 ,220.00 1-Jun-18
1-Jul-18 14,125 1-Jul-18 ,295,00 1-Jul-18
1-Aug-18 17,725.00 1-Aug-18 ,345.00 1-Aug-18
1-Sep-18 18,500.00 1-Sep-18 ,380.00 1-Sep-18
1-Oct-18 17,300.00 1-Oct-18 ,370.00 1-Oct-18
1-Nov-18 19,100.00 1-Nov-18 ,525.00 1-Nov-18
1-Dec-18 18,450.00 1-Dec-18 ,520.00 1-Dec-18
 TLKM UNTR

Close Tanggal Closing Tanggal Close

14,150 1-Dec-13 2,150 1-Dec-13 19,000.00

14,200 1-Jan-14 2,275 1-Jan-14 19,300.00
15,000.00 1-Feb-14 2,325 1-Feb-14 18,975.00
15,800.00 1-Mar-14 2,215 1-Mar-14 20,750.00
14,850.00 1-Apr-14 2,265 1-Apr-14 21,700.00
14,725.00 1-May-14 2,575 1-May-14 21,675.00
15,075.00 1-Jun-14 2,465 1-Jun-14 23,100.00
16,575.00 1-Jul-14 2,650 1-Jul-14 22,900.00
16,225.00 1-Aug-14 2,665 1-Aug-14 22,150.00
15,425.00 1-Sep-14 2,915 1-Sep-14 19,900.00
15,875.00 1-Oct-14 2,750 1-Oct-14 18,375.00
16,000.00 1-Nov-14 2,825 1-Nov-14 18,325
16,200 1-Dec-14 2,865 1-Dec-14 17,350.00
14,575.00 1-Jan-15 2,830 1-Jan-15 17,900.00
14,875.00 1-Feb-15 2,935 1-Feb-15 20,750.00
13,650.00 1-Mar-15 2,890 1-Mar-15 21,800.00
12,500.00 1-Apr-15 2,615 1-Apr-15 21,400.00
13,450.00 1-May-15 2,845 1-May-15 20,300.00
12,000.00 1-Jun-15 2,930 1-Jun-15 20,375.00
10,100.00 1-Jul-15 2,940 1-Jul-15 20,200
9,250.00 1-Aug-15 2,870 1-Aug-15 19,125
9,050.00 1-Sep-15 2,645 1-Sep-15 17,475.00
9,800.00 1-Oct-15 2,680 1-Oct-15 18,100.00
10,625.00 1-Nov-15 2,930 1-Nov-15 16,300.00
11,400.00 1-Dec-15 3,105 1-Dec-15 16,950.00
11,050.00 1-Jan-16 3,340 1-Jan-16 17,400.00
10,250.00 1-Feb-16 3,236 1-Feb-16 15,525
10,175.00 1-Mar-16 3,310 1-Mar-16 15,300.00
9,900.00 1-Apr-16 3,550 1-Apr-16 15,000.00
9,000.00 1-May-16 3,700 1-May-16 14,200
9,350.00 1-Jun-16 3,980 1-Jun-16 14,800.00
9,375.00 1-Jul-16 4,230 1-Jul-16 15,750.00
9,900.00 1-Aug-16 4,210 1-Aug-16 18,750.00
10,100.00 1-Sep-16 4,310 1-Sep-16 17,700.00
9,850.00 1-Oct-16 4,220 1-Oct-16 21,625.00
8,875.00 1-Nov-16 3,780 1-Nov-16 21,000.00
9,175.00 1-Dec-16 3,980 1-Dec-16 21,250.00
9,025.00 1-Jan-17 3,870 1-Jan-17 21,850.00
9,625.00 1-Feb-17 3,850 1-Feb-17 24,650.00
9,000.00 1-Mar-17 4,130 1-Mar-17 26,500.00
8,825.00 1-Apr-17 4,370 1-Apr-17 26,900.00
9,450.00 1-May-17 4,350 1-May-17 27,775.00
10,000.00 1-Jun-17 4,520 1-Jun-17 27,450.00
 9,950.00 1-Jul-17 4,690 1-Jul-17 30,100.00
10,475.00 1-Aug-17 4,690 1-Aug-17 30,300.00
10,125 1-Sep-17 4,680 1-Sep-17 32,000.00
10,900.00 1-Oct-17 4,030 1-Oct-17 34,675.00
9,400.00 1-Nov-17 4,150 1-Nov-17 33,500.00
9,900.00 1-Dec-17 4,440 1-Dec-17 35,400.00
11,150 1-Jan-18 3,990 1-Jan-18 38,900.00
11,125.00 1-Feb-18 4,000 1-Feb-18 35,600.00
10,350.00 1-Mar-18 3,600 1-Mar-18 32,000.00
9,650.00 1-Apr-18 3,830 1-Apr-18 34,100.00
8,400.00 1-May-18 3,520 1-May-18 35.050.00
7,125.00 1-Jun-18 3,750 1-Jun-18 31,600.00
7,600.00 1-Jul-18 3,570 1-Jul-18 35,250.00
9,450.00 1-Aug-18 3,490 1-Aug-18 34,400.00
9,925.00 1-Sep-18 3,640 1-Sep-18 33,000.00
9,000.00 1-Oct-18 3,850 1-Oct-18 33,500.00
12,025.00 1-Nov-18 3,680 1-Nov-18 27,500.00
11,500.00 1-Dec-18 3,750 1-Dec-18 27,350.00
UNVR BI Rate ICBP

Tanggal Close Tanggal Rf Tanggal Dekat*

1-Dec-13 ### Dec-13 7.50% 1-Dec-13 5,100

1-Jan-14 ### Jan-14 7.50% 1-Jan-14 5,500
1-Feb-14 28,575.00 Feb-14 7.50% 1-Feb-14 5,588
1-Mar-14 ### Mar-14 7.50% 1-Mar-14 5,050
1-Apr-14 ### Apr-14 7.50% 1-Apr-14 5,000
1-May-14 ### May-14 7.50% 1-May-14 5,100
1-Jun-14 ### Jun-14 7.50% 1-Jun-14 5,000
1-Jul-14 30,750.00 Jul-14 7.50% 1-Jul-14 5,225
1-Aug-14 31,025.00 Aug-14 7.50% 1-Aug-14 5,250
1-Sep-14 ### Sep-14 7.50% 1-Sep-14 5,675
1-Oct-14 ### Oct-14 7.50% 1-Oct-14 5,525
1-Nov-14 ### Nov-14 7.63% 1-Nov-14 5,625
1-Dec-14 ### Dec-14 7.75% 1-Dec-14 6,550
1-Jan-15 35.825.00 Jan-15 7.75% 1-Jan-15 7,250
1-Feb-15 ### Feb-15 7.50% 1-Feb-15 7,150
1-Mar-15 ### Mar-15 7.50% 1-Mar-15 7,338
1-Apr-15 ### Apr-15 7.50% 1-Apr-15 6,600
1-May-15 ### May-15 7.50% 1-May-15 7,050
1-Jun-15 ### Jun-15 7.50% 1-Jun-15 6,238
1-Jul-15 ### Jul-15 7.50% 1-Jul-15 6,150
1-Aug-15 39,725.00 Aug-15 7.50% 1-Aug-15 6,375
1-Sep-15 ### Sep-15 7.50% 1-Sep-15 6,200
1-Oct-15 ### Oct-15 7.50% 1-Oct-15 6,600
1-Nov-15 ### Nov-15 7.50% 1-Nov-15 6,313
1-Dec-15 ### Dec-15 7.50% 1-Dec-15 6,738
1-Jan-16 ### Jan-16 7.25% 1-Jan-16 7,225
1-Feb-16 ### Feb-16 7.00% 1-Feb-16 7,875
1-Mar-16 ### Mar-16 6.75% 1-Mar-16 7,600
1-Apr-16 ### Apr-16 6.75% 1-Apr-16 7,638
1-May-16 43,100.00 May-16 6.75% 1-May-16 8,100
1-Jun-16 ### Jun-16 6.50% 1-Jun-16 8,613
1-Jul-16 ### Jul-16 6.50% 1-Jul-16 8,600
1-Aug-16 ### Aug-16 5.25% 1-Aug-16 9,975
1-Sep-16 ### Sep-16 5.00% 1-Sep-16 9,475
1-Oct-16 44,475.00 Oct-16 4.75% 1-Oct-16 9,400
1-Nov-16 40,525.00 Nov-16 4.75% 1-Nov-16 8,650
1-Dec-16 ### Dec-16 4.75% 1-Dec-16 8,575
1-Jan-17 41.200.00 Jan-17 4.75% 1-Jan-17 8,400
1-Feb-17 ### Feb-17 4.75% 1-Feb-17 8,325
1-Mar-17 43,325.00 Mar-17 4.75% 1-Mar-17 8,150
1-Apr-17 ### Apr-17 4.75% 1-Apr-17 8,775
1-May-17 ### May-17 4.75% 1-May-17 8,700
1-Jun-17 ### Jun-17 4.75% 1-Jun-17 8,800
1-Jul-17 ### Jul-17 4.75% 1-Jul-17 8,350
1-Aug-17 50,550.00 Aug-17 4.50% 1-Aug-17 8,725
1-Sep-17 ### Sep-17 4.25% 1-Sep-17 8,725
1-Oct-17 ### Oct-17 4.25% 1-Oct-17 8,800
1-Nov-17 ### Nov-17 4.25% 1-Nov-17 8,450
1-Dec-17 ### Dec-17 4.25% 1-Dec-17 8,900
1-Jan-18 ### Jan-18 4.25% 1-Jan-18 8,725
1-Feb-18 ### Feb-18 4.25% 1-Feb-18 8,975
1-Mar-18 49,525.00 Mar-18 4.25% 1-Mar-18 8,275
1-Apr-18 ### Apr-18 4.25% 1-Apr-18 8,675
1-May-18 ### May-18 4.75% 1-May-18 8,700
1-Jun-18 ### Jun-18 5.52% 1-Jun-18 8,850
1-Jul-18 43,250.00 Jul-18 5.52% 1-Jul-18 8,725
1-Aug-18 43,850.00 Aug-18 5.50% 1-Aug-18 8,675
1-Sep-18 47.025.00 Sep-18 5.75% 1-Sep-18 8,825
1-Oct-18 43,225.00 Oct-18 5.75% 1-Oct-18 8,925
1-Nov-18 ### Nov-18 6.00% 1-Nov-18 9,850
1-Dec-18 ### Dec-18 6.00% 1-Dec-18 10,450
 Risk and Return Individual
Close Price
Bulan
ASII BBCA BBNI BBRI BMRI GGRM ICBP INDF
Dec-13 6,800 9,600 3,950 1,450 3,925 42,000 5,100 6,600
Jan-14 6,425 9,925 4,360 1,665 4,350 41,900 5,500 6,975
Feb-14 6,950 10,225 4,550 1,855 4,550 47,700 5,588 7,175
Mar-14 7,375 10,600 4,960 1,915 4,725 49,400 5,050 7,300
Apr-14 7,425 11,000 4,815 1,980 4,912 56,500 5,000 7,050
May-14 7,075 10,775 4,775 2,040 5,088 52,050 5,100 6,825
Jun-14 7,275 11,000 4,765 2,065 4,863 53,500 5,000 6,700
Jul-14 7,725 11,600 5,100 2,240 5,125 54,200 5,225 7,075
Aug-14 7,575 11,200 5,350 2,210 5,188 54,000 5,250 6,875
Sep-14 7,050 13,075 5,525 2,085 5,038 56,675 5,675 7,000
Oct-14 6,775 13,050 5,950 2,215 5,175 57,750 5,525 6,825
Nov-14 7,125 13,100 6,025 2,305 5,263 61,175 5,625 6,700
Dec-14 7,425 13,125 6,100 2,330 5,388 60,700 6,550 6,750
Jan-15 7,850 13,375 6,250 2,335 5,500 57,800 7,250 7,550
Feb-15 7,850 14,100 6,875 2,575 6,000 53,425 7,150 7,400
Mar-15 8,575 14,825 7,225 2,655 6,238 51,000 7,338 7,450
Apr-15 6,850 13,475 6,425 2,325 5,375 50,000 6,600 6,750
May-15 7,300 14,125 6,875 2,355 5,388 47,100 7,050 7,300
Jun-15 7,075 13,500 5,300 2,070 5,025 45,100 6,238 6,575
Jul-15 6,650 13,100 4,760 2,000 4,763 49,500 6,150 6,100
Aug-15 5,925 12,900 4,950 2,125 4,550 44,500 6,375 5,300
Sep-15 5,225 12,275 4,135 1,730 3,963 42,000 6,200 5,500
Oct-15 5,900 12,900 4,755 2,105 4,350 42,950 6,600 5,525
Nov-15 5,925 12,375 4,770 2,155 4,250 48,900 6,313 4,875
Dec-15 6,000 13,300 4,990 2,285 4,625 55,000 6,738 5,175
Jan-16 6,450 13,100 4,910 2,245 4,800 58,350 7,225 6,200
Feb-16 6,800 13,475 5,075 2,215 4,775 63,700 7,875 7,050
Mar-16 7,250 13,300 5,200 2,285 5,150 65,300 7,600 7,225
Apr-16 6,725 13,050 4,585 2,070 4,825 69,250 7,638 7,125
May-16 6,600 13,000 4,800 2,070 4,512 69,200 8,100 6,925
Jun-16 7,400 13,325 5,200 2,160 4,763 69,000 8,613 7,250
Jul-16 7,725 14,450 5,350 2,305 5,050 67,525 8,600 8,325
Aug-16 8,150 15,050 5,875 2,330 5,613 64,400 9,975 7,925
Sep-16 8,250 15,700 5,550 2,440 5,600 62,000 9,475 8,700
Oct-16 8,225 15,525 5,575 2,440 5,738 67,900 9,400 8,500
Nov-16 7,550 14,300 5,175 2,180 5,250 65,000 8,650 7,575
Dec-16 8,275 15,500 5,525 2,335 5,788 63,900 8,575 7,925
Jan-17 7,950 15,300 5,700 2,345 5,450 61,750 8,400 7,925
Feb-17 8,200 15,450 6,250 2,390 5,650 65,850 8,325 8,125
Mar-17 8,625 16,550 6,475 2,595 5,850 65,525 8,150 8,000
Apr-17 8,950 17,750 6,375 2,580 5,850 66,400 8,775 8,375
May-17 8,750 17,150 6,550 2,895 6,300 73,950 8,700 8,750
Jun-17 8,925 18,250 6,600 3,050 6,375 78,300 8,800 8,600
Jul-17 7,975 18,700 7,450 2,955 6,825 76,100 8,350 8,375
Aug-17 7,875 18,950 7,350 3,025 6,550 69,200 8,725 8,375
Sep-17 7,900 20,300 7,400 3,055 6,725 65,800 8,725 8,425
Oct-17 8,000 20,900 7,600 3,120 7,050 70,000 8,800 8,200
Nov-17 7,975 20,350 8,100 3,210 7,400 76,525 8,450 7,325
Dec-17 8,300 21,900 9,900 3,640 8,000 83,800 8,900 7,625
Jan-18 8,500 22,725 9,400 3,700 8,150 81,050 8,725 7,750
Feb-18 8,075 23,175 9,725 3,780 8,300 79,750 8,975 7,575
Mar-18 7,300 23,300 8,675 3,600 7,675 72,475 8,275 7,200
Apr-18 7,150 22,100 8,050 3,220 7,125 69,325 8,675 6,975
May-18 6,900 22,700 8,475 3,080 7,050 68,500 8,700 7,075
Jun-18 6,600 21,475 7,050 2,840 6,850 67,250 8,850 6,650
Jul-18 7,150 23,275 7,400 3,070 6,650 75,150 8,725 6,350
Aug-18 7,250 24,800 7,800 3,180 6,900 73,000 8,675 6,375
Sep-18 7,350 24,150 7,400 3,150 6,725 74,050 8,825 5,900
Oct-18 7,900 23,650 7,325 3,150 6,850 72,300 8,925 5,975
Nov-18 8,550 26,050 8,500 3,620 7,400 82,000 9,850 6,600
Dec-18 8,225 26,000 8,800 3,660 7,375 83,625 10,450 7,450
Price
LQ45 Rf
INTP KLBF SMGR TLKM UNTR UNVR ASII
20,000 1,250 14,150 2,150 19,000 26,000 678 7.50% -
22,400 1,405 14,200 2,275 19,300 28,550 691 7.50% -0.0551
22,450 1,450 15,000 2,325 18,975 28,575 720 7.50% 0.0817
23,375 1,465 15,800 2,215 20,750 29,250 766 7.50% 0.0612
21,950 1,545 14,850 2,265 21,700 29,250 793 7.50% 0.0068
22,650 1,540 14,725 2,575 21,675 29,125 814 7.50% -0.0471
22,550 1,660 15,075 2,465 23,100 29,275 814 7.50% 0.0283
24,950 1,730 16,575 2,650 22,900 30,750 820 7.50% 0.0619
24,250 1,660 16,225 2,665 22,150 31,025 860 7.50% -0.0194
21,550 1,700 15,425 2,915 19,900 31,800 860 7.50% -0.0693
24,000 1,705 15,875 2,750 18,375 30,400 825 7.50% -0.0390
24,675 1,750 16,000 2,825 18,325 31,800 844 7.63% 0.0517
25,000 1,830 16,200 2,865 17,350 32,300 859 7.75% 0.0421
23,000 1,865 14,575 2,830 17,900 35,825 882 7.75% 0.0572
24,050 1,805 14,875 2,935 20,750 36,000 905 7.50% 0.0000
21,925 1,865 13,650 2,890 21,800 39,650 927 7.50% 0.0924
21,000 1,795 12,500 2,615 21,400 42,600 858 7.50% -0.2012
22,400 1,840 13,450 2,845 20,300 43,300 859 7.50% 0.0657
20,875 1,675 12,000 2,930 20,375 39,500 823 7.50% -0.0308
20,025 1,745 10,100 2,940 20,200 40,000 793 7.50% -0.0601
19,625 1,675 9,250 2,870 19,125 39,725 682 7.50% -0.1090
16,450 1,375 9,050 2,645 17,475 38,000 661 7.50% -0.1181
18,000 1,430 9,800 2,680 18,100 37,000 701 7.50% 0.1292
18,700 1,335 10,625 2,930 16,300 36,750 752 7.50% 0.0042
22,325 1,320 11,400 3,105 16,950 37,000 748 7.50% 0.0127
19,700 1,335 11,050 3,340 17,400 36,700 768 7.25% 0.0750
20,025 1,300 10,250 3,236 15,525 44,525 793 7.00% 0.0543
19,725 1,445 10,175 3,310 15,300 42,925 824 6.75% 0.0662
19,725 1,375 9,900 3,550 15,000 42,575 822 6.75% -0.0724
16,650 1,430 9,000 3,700 14,200 43,100 799 6.75% -0.0186
16,875 1,530 9,350 3,980 14,800 45,075 808 6.50% 0.1212
17,075 1,675 9,375 4,230 15,750 45,050 850 6.50% 0.0439
17,700 1,795 9,900 4,210 18,750 45,650 908 5.25% 0.0550
17,350 1,715 10,100 4,310 17,700 44,550 880 5.00% 0.0123
16,450 1,740 9,850 4,220 21,625 44,475 915 4.75% -0.0030
15,975 1,500 8,875 3,780 21,000 40,525 849 4.75% -0.0821
15,400 1,515 9,175 3,980 21,250 38,800 829 4.75% 0.0960
15,025 1,450 9,025 3,870 21,850 41,200 873 4.75% -0.0393
15,150 1,530 9,625 3,850 24,650 42,175 886 4.75% 0.0314
16,600 1,540 9,000 4,130 26,500 43,325 888 4.75% 0.0518
16,950 1,585 8,825 4,370 26,900 44,500 917 4.75% 0.0377
18,500 1,540 9,450 4,350 27,775 46,175 926 4.75% -0.0223
18,450 1,625 10,000 4,520 27,450 48,800 949 4.75% 0.0200
17,500 1,735 9,950 4,690 30,100 48,950 961 4.75% -0.1064
19,800 1,710 10,475 4,690 30,300 50,550 954 4.50% -0.0125
18,900 1,665 10,125 4,680 32,000 48,975 959 4.25% 0.0032
22,450 1,600 10,900 4,030 34,675 49,600 972 4.25% 0.0127
18,425 1,600 9,400 4,150 33,500 49,300 991 4.25% -0.0031
21,950 1,690 9,900 4,440 35,400 55,900 992 4.25% 0.0408
21,800 1,665 11,150 3,990 38,900 54,400 1,106 4.25% 0.0241
21,975 1,600 11,125 4,000 35,600 53,900 1,100 4.25% -0.0500
16,000 1,500 10,350 3,600 32,000 49,525 1,006 4.25% -0.0960
17,725 1,505 9,650 3,830 34,100 46,350 958 4.25% -0.0205
17,625 1,370 8,400 3,520 35,050 45,600 954 4.75% -0.0350
13,650 1,220 7,125 3,750 31,600 46,100 909 5.52% -0.0435
14,125 1,295 7,600 3,570 35,250 43,250 934 5.52% 0.0833
17,725 1,345 9,450 3,490 34,400 43,850 952 5.50% 0.0140
18,500 1,380 9,925 3,640 33,000 47,025 946 5.75% 0.0138
17,300 1,370 9,000 3,850 33,500 43,225 923 5.75% 0.0748
19,100 1,525 12,025 3,680 27,500 42,250 966 6.00% 0.0823
18,450 1,520 11,500 3,750 27,350 45,400 983 6.00% -0.0380
E(R) 0.0053
σ 0.0645
CV 12.2327
 Actual Return
BBCA BBNI BBRI BMRI GGRM ICBP INDF INTP KLBF SMGR
- - - - - - - - - -
0.0339 0.1038 0.1483 0.1083 -0.0024 0.0784 0.0568 0.1200 0.1240 0.0035
0.0302 0.0436 0.1141 0.0460 0.1384 0.0160 0.0287 0.0022 0.0320 0.0563
0.0367 0.0901 0.0323 0.0385 0.0356 -0.0963 0.0174 0.0412 0.0103 0.0533
0.0377 -0.0292 0.0339 0.0396 0.1437 -0.0099 -0.0342 -0.0610 0.0546 -0.0601
-0.0205 -0.0083 0.0303 0.0358 -0.0788 0.0200 -0.0319 0.0319 -0.0032 -0.0084
0.0209 -0.0021 0.0123 -0.0442 0.0279 -0.0196 -0.0183 -0.0044 0.0779 0.0238
0.0545 0.0703 0.0847 0.0539 0.0131 0.0450 0.0560 0.1064 0.0422 0.0995
-0.0345 0.0490 -0.0134 0.0123 -0.0037 0.0048 -0.0283 -0.0281 -0.0405 -0.0211
0.1674 0.0327 -0.0566 -0.0289 0.0495 0.0810 0.0182 -0.1113 0.0241 -0.0493
-0.0019 0.0769 0.0624 0.0272 0.0190 -0.0264 -0.0250 0.1137 0.0029 0.0292
0.0038 0.0126 0.0406 0.0170 0.0593 0.0181 -0.0183 0.0281 0.0264 0.0079
0.0019 0.0124 0.0108 0.0238 -0.0078 0.1644 0.0075 0.0132 0.0457 0.0125
0.0190 0.0246 0.0021 0.0208 -0.0478 0.1069 0.1185 -0.0800 0.0191 -0.1003
0.0542 0.1000 0.1028 0.0909 -0.0757 -0.0138 -0.0199 0.0457 -0.0322 0.0206
0.0514 0.0509 0.0311 0.0397 -0.0454 0.0262 0.0068 -0.0884 0.0332 -0.0824
-0.0911 -0.1107 -0.1243 -0.1383 -0.0196 -0.1005 -0.0940 -0.0422 -0.0375 -0.0842
0.0482 0.0700 0.0129 0.0024 -0.0580 0.0682 0.0815 0.0667 0.0251 0.0760
-0.0442 -0.2291 -0.1210 -0.0674 -0.0425 -0.1152 -0.0993 -0.0681 -0.0897 -0.1078
-0.0296 -0.1019 -0.0338 -0.0521 0.0976 -0.0140 -0.0722 -0.0407 0.0418 -0.1583
-0.0153 0.0399 0.0625 -0.0447 -0.1010 0.0366 -0.1311 -0.0200 -0.0401 -0.0842
-0.0484 -0.1646 -0.1859 -0.1290 -0.0562 -0.0275 0.0377 -0.1618 -0.1791 -0.0216
0.0509 0.1499 0.2168 0.0977 0.0226 0.0645 0.0045 0.0942 0.0400 0.0829
-0.0407 0.0032 0.0238 -0.0230 0.1385 -0.0436 -0.1176 0.0389 -0.0664 0.0842
0.0747 0.0461 0.0603 0.0882 0.1247 0.0673 0.0615 0.1939 -0.0112 0.0729
-0.0150 -0.0160 -0.0175 0.0378 0.0609 0.0724 0.1981 -0.1176 0.0114 -0.0307
0.0286 0.0336 -0.0134 -0.0052 0.0917 0.0900 0.1371 0.0165 -0.0262 -0.0724
-0.0130 0.0246 0.0316 0.0785 0.0251 -0.0349 0.0248 -0.0150 0.1115 -0.0073
-0.0188 -0.1183 -0.0941 -0.0631 0.0605 0.0049 -0.0138 0.0000 -0.0484 -0.0270
-0.0038 0.0469 0.0000 -0.0649 -0.0007 0.0606 -0.0281 -0.1559 0.0400 -0.0909
0.0250 0.0833 0.0435 0.0556 -0.0029 0.0633 0.0469 0.0135 0.0699 0.0389
0.0844 0.0288 0.0671 0.0603 -0.0214 -0.0015 0.1483 0.0119 0.0948 0.0027
0.0415 0.0981 0.0108 0.1115 -0.0463 0.1599 -0.0480 0.0366 0.0716 0.0560
0.0432 -0.0553 0.0472 -0.0023 -0.0373 -0.0501 0.0978 -0.0198 -0.0446 0.0202
-0.0111 0.0045 0.0000 0.0246 0.0952 -0.0079 -0.0230 -0.0519 0.0146 -0.0248
-0.0789 -0.0717 -0.1066 -0.0850 -0.0427 -0.0798 -0.1088 -0.0289 -0.1379 -0.0990
0.0839 0.0676 0.0711 0.1025 -0.0169 -0.0087 0.0462 -0.0360 0.0100 0.0338
-0.0129 0.0317 0.0043 -0.0584 -0.0336 -0.0204 0.0000 -0.0244 -0.0429 -0.0163
0.0098 0.0965 0.0192 0.0367 0.0664 -0.0089 0.0252 0.0083 0.0552 0.0665
0.0712 0.0360 0.0858 0.0354 -0.0049 -0.0210 -0.0154 0.0957 0.0065 -0.0649
0.0725 -0.0154 -0.0058 0.0000 0.0134 0.0767 0.0469 0.0211 0.0292 -0.0194
-0.0338 0.0275 0.1221 0.0769 0.1137 -0.0085 0.0448 0.0914 -0.0284 0.0708
 0.0641 0.0076 0.0535 0.0119 0.0588 0.0115 -0.0171 -0.0027 0.0552 0.0582
0.0247 0.1288 -0.0311 0.0706 -0.0281 -0.0511 -0.0262 -0.0515 0.0677 -0.0050
0.0134 -0.0134 0.0237 -0.0403 -0.0907 0.0449 0.0000 0.1314 -0.0144 0.0528
0.0712 0.0068 0.0099 0.0267 -0.0491 0.0000 0.0060 -0.0455 -0.0263 -0.0334
0.0296 0.0270 0.0213 0.0483 0.0638 0.0086 -0.0267 0.1878 -0.0390 0.0765
-0.0263 0.0658 0.0288 0.0496 0.0932 -0.0398 -0.1067 -0.1793 0.0000 -0.1376
0.0762 0.2222 0.1340 0.0811 0.0951 0.0533 0.0410 0.1913 0.0563 0.0532
0.0377 -0.0505 0.0165 0.0188 -0.0328 -0.0197 0.0164 -0.0068 -0.0148 0.1263
0.0198 0.0346 0.0216 0.0184 -0.0160 0.0287 -0.0226 0.0080 -0.0390 -0.0022
0.0054 -0.1080 -0.0476 -0.0753 -0.0912 -0.0780 -0.0495 -0.2719 -0.0625 -0.0697
-0.0515 -0.0720 -0.1056 -0.0717 -0.0435 0.0483 -0.0313 0.1078 0.0033 -0.0676
0.0271 0.0528 -0.0435 -0.0105 -0.0119 0.0029 0.0143 -0.0056 -0.0897 -0.1295
-0.0540 -0.1681 -0.0779 -0.0284 -0.0182 0.0172 -0.0601 -0.2255 -0.1095 -0.1518
0.0838 0.0496 0.0810 -0.0292 0.1175 -0.0141 -0.0451 0.0348 0.0615 0.0667
0.0655 0.0541 0.0358 0.0376 -0.0286 -0.0057 0.0039 0.2549 0.0386 0.2434
-0.0262 -0.0513 -0.0094 -0.0254 0.0144 0.0173 -0.0745 0.0437 0.0260 0.0503
-0.0207 -0.0101 0.0000 0.0186 -0.0236 0.0113 0.0127 -0.0649 -0.0072 -0.0932
0.1015 0.1604 0.1492 0.0803 0.1342 0.1036 0.1046 0.1040 0.1131 0.3361
-0.0019 0.0353 0.0110 -0.0034 0.0198 0.0609 0.1288 -0.0340 -0.0033 -0.0437
0.0179 0.0167 0.0181 0.0122 0.0136 0.0136 0.0042 0.0035 0.0050 0.0002
0.0482 0.0808 0.0715 0.0576 0.0651 0.0572 0.0671 0.0985 0.0592 0.0877
2.696614 4.828074 3.959864 4.718581 4.797208 4.206077 15.99716 27.89258 11.77616 499.164
 A
LQ45 Rf
TLKM UNTR UNVR ASII BBCA BBNI BBRI BMRI
- - - - -
0.0581 0.0158 0.0981 0.0192 0.0063 -0.0604 0.0160 0.0871 0.1302 0.0961
0.0220 -0.0168 0.0009 0.0420 0.0063 0.0764 0.0124 0.0268 0.0961 0.0338
-0.0473 0.0935 0.0236 0.0639 0.0063 0.0559 0.0188 0.0734 0.0143 0.0262
0.0226 0.0458 0.0000 0.0352 0.0063 0.0015 0.0199 -0.0460 0.0159 0.0274
0.1369 -0.0012 -0.0043 0.0265 0.0063 -0.0524 -0.0383 -0.0250 0.0122 0.0236
-0.0427 0.0657 0.0052 0.0000 0.0063 0.0230 0.0030 -0.0188 -0.0058 -0.0564
0.0751 -0.0087 0.0504 0.0074 0.0063 0.0566 0.0367 0.0536 0.0667 0.0417
0.0057 -0.0328 0.0089 0.0488 0.0063 -0.0247 -0.0523 0.0323 -0.0315 0.0001
0.0938 -0.1016 0.0250 0.0000 0.0063 -0.0746 0.1496 0.0160 -0.0746 -0.0411
-0.0566 -0.0766 -0.0440 -0.0407 0.0063 -0.0443 -0.0198 0.0602 0.0443 0.0150
0.0273 -0.0027 0.0461 0.0230 0.0064 0.0464 -0.0140 -0.0041 0.0226 0.0048
0.0142 -0.0532 0.0157 0.0178 0.0065 0.0368 -0.0160 -0.0043 -0.0072 0.0115
-0.0122 0.0317 0.1091 0.0268 0.0065 0.0520 0.0012 0.0079 -0.0159 0.0086
0.0371 0.1592 0.0049 0.0261 0.0063 -0.0053 0.0363 0.0833 0.0847 0.0787
-0.0153 0.0506 0.1014 0.0243 0.0063 0.0871 0.0336 0.0342 0.0130 0.0275
-0.0952 -0.0183 0.0744 -0.0744 0.0063 -0.2064 -0.1089 -0.1275 -0.1424 -0.1506
0.0880 -0.0514 0.0164 0.0012 0.0063 0.0604 0.0304 0.0533 -0.0052 -0.0098
0.0299 0.0037 -0.0878 -0.0419 0.0063 -0.0361 -0.0621 -0.2458 -0.1391 -0.0796
0.0034 -0.0086 0.0127 -0.0365 0.0063 -0.0653 -0.0475 -0.1186 -0.0519 -0.0644
-0.0238 -0.0532 -0.0069 -0.1400 0.0063 -0.1143 -0.0331 0.0232 0.0444 -0.0569
-0.0784 -0.0863 -0.0434 -0.0308 0.0063 -0.1234 -0.0663 -0.1814 -0.2039 -0.1412
0.0132 0.0358 -0.0263 0.0605 0.0063 0.1239 0.0331 0.1332 0.1987 0.0854
0.0933 -0.0994 -0.0068 0.0728 0.0063 -0.0010 -0.0586 -0.0136 0.0057 -0.0352
0.0597 0.0399 0.0068 -0.0053 0.0063 0.0074 0.0569 0.0294 0.0423 0.0760
0.0757 0.0265 -0.0081 0.0267 0.0060 0.0697 -0.0329 -0.0328 -0.0356 0.0256
-0.0311 -0.1078 0.2132 0.0326 0.0058 0.0490 0.0108 0.0169 -0.0314 -0.0174
0.0229 -0.0145 -0.0359 0.0391 0.0056 0.0609 -0.0308 0.0079 0.0135 0.0663
0.0725 -0.0196 -0.0082 -0.0024 0.0056 -0.0777 -0.0367 -0.1350 -0.1122 -0.0753
0.0423 -0.0533 0.0123 -0.0280 0.0056 -0.0239 -0.0217 0.0302 -0.0181 -0.0771
0.0757 0.0423 0.0458 0.0113 0.0054 0.1159 0.0071 0.0666 0.0254 0.0434
0.0628 0.0642 -0.0006 0.0520 0.0054 0.0386 0.0666 0.0121 0.0491 0.0480
-0.0047 0.1905 0.0133 0.0682 0.0044 0.0497 0.0237 0.0814 -0.0072 0.0993
0.0238 -0.0560 -0.0241 -0.0308 0.0042 0.0070 0.0253 -0.0721 0.0291 -0.0145
-0.0209 0.2218 -0.0017 0.0398 0.0040 -0.0083 -0.0290 -0.0122 -0.0181 0.0124
-0.1043 -0.0289 -0.0888 -0.0721 0.0040 -0.0873 -0.0968 -0.0885 -0.1246 -0.0973
0.0529 0.0119 -0.0426 -0.0236 0.0040 0.0907 0.0661 0.0509 0.0530 0.0903
-0.0276 0.0282 0.0619 0.0531 0.0040 -0.0446 -0.0308 0.0149 -0.0138 -0.0706
-0.0052 0.1281 0.0237 0.0149 0.0040 0.0262 -0.0081 0.0798 0.0011 0.0245
0.0727 0.0751 0.0273 0.0023 0.0040 0.0466 0.0533 0.0193 0.0677 0.0232
0.0581 0.0151 0.0271 0.0327 0.0040 0.0324 0.0546 -0.0322 -0.0238 -0.0122
-0.0046 0.0325 0.0376 0.0098 0.0040 -0.0276 -0.0517 0.0107 0.1040 0.0647
 0.0391 -0.0117 0.0568 0.0248 0.0040 0.0147 0.0463 -0.0091 0.0355 -0.0003
0.0376 0.0965 0.0031 0.0126 0.0040 -0.1117 0.0068 0.1121 -0.0492 0.0584
0.0000 0.0066 0.0327 -0.0073 0.0038 -0.0178 -0.0045 -0.0302 0.0056 -0.0525
-0.0021 0.0561 -0.0312 0.0052 0.0035 -0.0021 0.0534 -0.0099 -0.0081 0.0145
-0.1389 0.0836 0.0128 0.0136 0.0035 0.0074 0.0117 0.0103 0.0032 0.0361
0.0298 -0.0339 -0.0060 0.0195 0.0035 -0.0084 -0.0442 0.0491 0.0108 0.0374
0.0699 0.0567 0.1339 0.0010 0.0035 0.0355 0.0583 0.2055 0.1159 0.0689
-0.1014 0.0989 -0.0268 0.1149 0.0035 0.0188 0.0198 -0.0672 -0.0016 0.0065
0.0025 -0.0848 -0.0092 -0.0054 0.0035 -0.0553 0.0019 0.0178 0.0036 0.0062
-0.1000 -0.1011 -0.0812 -0.0855 0.0035 -0.1013 -0.0125 -0.1247 -0.0657 -0.0875
0.0639 0.0656 -0.0641 -0.0477 0.0035 -0.0258 -0.0694 -0.0888 -0.1236 -0.0839
-0.0809 0.0279 -0.0162 -0.0042 0.0040 -0.0402 0.0093 0.0361 -0.0615 -0.0227
0.0653 -0.0984 0.0110 -0.0472 0.0046 -0.0488 -0.0718 -0.1849 -0.0960 -0.0406
-0.0480 0.1155 -0.0618 0.0275 0.0046 0.0781 0.0660 0.0329 0.0629 -0.0414
-0.0224 -0.0241 0.0139 0.0193 0.0046 0.0087 0.0477 0.0373 0.0178 0.0254
0.0430 -0.0407 0.0724 -0.0063 0.0048 0.0085 -0.0441 -0.0680 -0.0275 -0.0376
0.0577 0.0152 -0.0808 -0.0243 0.0048 0.0696 -0.0386 -0.0269 -0.0181 0.0064
-0.0442 -0.1791 -0.0226 0.0466 0.0050 0.0770 0.0836 0.1437 0.1311 0.0681
0.0190 -0.0055 0.0746 0.0176 0.0050 -0.0433 -0.0198 0.0186 -0.0070 -0.0156
0.0110 0.0088 0.0107 0.0071 0.0051
0.0580 0.0754 0.0542 0.0422 0.0011
5.281283 8.532356 5.05546 5.941568 0.217543
 Abnormal Return
LQ45
GGRM ICBP INDF INTP KLBF SMGR TLKM UNTR UNVR

-0.0160 -0.0160 0.0526 0.1165 0.1190 0.0034 0.0472 0.0070 0.0874 0.0121
0.1249 0.1249 0.0245 -0.0013 0.0270 0.0562 0.0110 -0.0257 -0.0099 0.0349
0.0221 0.0221 0.0132 0.0377 0.0053 0.0532 -0.0583 0.0847 0.0129 0.0568
0.1302 0.1302 -0.0384 -0.0645 0.0496 -0.0603 0.0116 0.0369 -0.0107 0.0281
-0.0923 -0.0923 -0.0361 0.0284 -0.0083 -0.0086 0.1259 -0.0100 -0.0150 0.0194
0.0143 0.0143 -0.0225 -0.0079 0.0729 0.0236 -0.0537 0.0569 -0.0056 -0.0071
-0.0005 -0.0005 0.0518 0.1029 0.0371 0.0993 0.0641 -0.0175 0.0397 0.0003
-0.0173 -0.0173 -0.0325 -0.0316 -0.0455 -0.0213 -0.0053 -0.0416 -0.0018 0.0417
0.0360 0.0360 0.0140 -0.1149 0.0191 -0.0495 0.0828 -0.1104 0.0143 -0.0071
0.0054 0.0054 -0.0292 0.1102 -0.0021 0.0290 -0.0676 -0.0855 -0.0548 -0.0478
0.0457 0.0457 -0.0225 0.0246 0.0214 0.0077 0.0163 -0.0116 0.0353 0.0159
-0.0213 -0.0213 0.0033 0.0096 0.0407 0.0123 0.0032 -0.0620 0.0050 0.0107
-0.0613 -0.0613 0.1143 -0.0835 0.0141 -0.1005 -0.0232 0.0229 0.0984 0.0197
-0.0893 -0.0893 -0.0241 0.0421 -0.0372 0.0204 0.0261 0.1504 -0.0058 0.0190
-0.0590 -0.0590 0.0026 -0.0919 0.0282 -0.0825 -0.0263 0.0418 0.0907 0.0172
-0.0332 -0.0332 -0.0982 -0.0457 -0.0426 -0.0844 -0.1061 -0.0272 0.0637 -0.0815
-0.0716 -0.0716 0.0773 0.0631 0.0200 0.0758 0.0770 -0.0602 0.0057 -0.0059
-0.0560 -0.0560 -0.1035 -0.0716 -0.0947 -0.1080 0.0189 -0.0051 -0.0985 -0.0490
0.0840 0.0840 -0.0764 -0.0443 0.0368 -0.1585 -0.0076 -0.0174 0.0019 -0.0436
-0.1146 -0.1146 -0.1353 -0.0235 -0.0451 -0.0843 -0.0348 -0.0621 -0.0176 -0.1471
-0.0698 -0.0698 0.0335 -0.1653 -0.1841 -0.0218 -0.0894 -0.0951 -0.0541 -0.0379
0.0090 0.0090 0.0003 0.0907 0.0350 0.0827 0.0022 0.0269 -0.0370 0.0534
0.1250 0.1250 -0.1218 0.0354 -0.0715 0.0840 0.0823 -0.1083 -0.0175 0.0657
0.1112 0.1112 0.0573 0.1903 -0.0163 0.0728 0.0487 0.0310 -0.0039 -0.0124
0.0473 0.0473 0.1939 -0.1211 0.0063 -0.0309 0.0647 0.0177 -0.0188 0.0196
0.0781 0.0781 0.1329 0.0130 -0.0312 -0.0726 -0.0421 -0.1166 0.2025 0.0255
0.0115 0.0115 0.0206 -0.0185 0.1065 -0.0075 0.0119 -0.0233 -0.0467 0.0320
0.0469 0.0469 -0.0180 -0.0035 -0.0535 -0.0272 0.0615 -0.0284 -0.0189 -0.0095
-0.0143 -0.0143 -0.0323 -0.1594 0.0350 -0.0911 0.0313 -0.0622 0.0016 -0.0351
-0.0165 -0.0165 0.0427 0.0100 0.0649 0.0387 0.0647 0.0334 0.0351 0.0042
-0.0349 -0.0349 0.1441 0.0083 0.0897 0.0025 0.0518 0.0554 -0.0113 0.0449
-0.0599 -0.0599 -0.0522 0.0331 0.0666 0.0558 -0.0157 0.1816 0.0026 0.0611
-0.0508 -0.0508 0.0936 -0.0233 -0.0496 0.0200 0.0128 -0.0648 -0.0348 -0.0379
0.0816 0.0816 -0.0272 -0.0554 0.0095 -0.0249 -0.0319 0.2129 -0.0124 0.0327
-0.0563 -0.0563 -0.1130 -0.0324 -0.1430 -0.0992 -0.1153 -0.0377 -0.0995 -0.0792
-0.0305 -0.0305 0.0420 -0.0395 0.0050 0.0336 0.0419 0.0031 -0.0533 -0.0307
-0.0472 -0.0472 -0.0042 -0.0279 -0.0479 -0.0165 -0.0386 0.0194 0.0511 0.0460
0.0528 0.0528 0.0210 0.0048 0.0501 0.0663 -0.0162 0.1193 0.0129 0.0078
-0.0185 -0.0185 -0.0196 0.0922 0.0015 -0.0651 0.0617 0.0662 0.0165 -0.0048
-0.0002 -0.0002 0.0427 0.0176 0.0242 -0.0196 0.0471 0.0063 0.0164 0.0256
0.1001 0.1001 0.0406 0.0879 -0.0334 0.0706 -0.0156 0.0237 0.0269 0.0027
 0.0453 0.0453 -0.0213 -0.0062 0.0502 0.0580 0.0281 -0.0205 0.0461 0.0177
-0.0417 -0.0417 -0.0304 -0.0550 0.0627 -0.0052 0.0266 0.0877 -0.0077 0.0055
-0.1042 -0.1042 -0.0042 0.1279 -0.0194 0.0526 -0.0110 -0.0022 0.0220 -0.0144
-0.0627 -0.0627 0.0018 -0.0490 -0.0313 -0.0336 -0.0131 0.0473 -0.0419 -0.0019
0.0503 0.0503 -0.0309 0.1843 -0.0441 0.0764 -0.1499 0.0748 0.0020 0.0065
0.0796 0.0796 -0.1109 -0.1828 -0.0050 -0.1378 0.0188 -0.0427 -0.0168 0.0124
0.0815 0.0815 0.0368 0.1878 0.0512 0.0530 0.0589 0.0479 0.1231 -0.0061
-0.0464 -0.0464 0.0122 -0.0104 -0.0198 0.1261 -0.1123 0.0900 -0.0376 0.1078
-0.0296 -0.0296 -0.0268 0.0045 -0.0441 -0.0024 -0.0085 -0.0937 -0.0199 -0.0125
-0.1048 -0.1048 -0.0537 -0.2754 -0.0675 -0.0698 -0.1110 -0.1100 -0.0919 -0.0926
-0.0570 -0.0570 -0.0354 0.1043 -0.0017 -0.0678 0.0529 0.0568 -0.0748 -0.0548
-0.0255 -0.0255 0.0101 -0.0092 -0.0947 -0.1297 -0.0919 0.0190 -0.0269 -0.0113
-0.0318 -0.0318 -0.0643 -0.2291 -0.1145 -0.1520 0.0544 -0.1073 0.0002 -0.0543
0.1039 0.1039 -0.0493 0.0313 0.0564 0.0665 -0.0590 0.1067 -0.0725 0.0204
-0.0422 -0.0422 -0.0003 0.2513 0.0336 0.2432 -0.0334 -0.0330 0.0031 0.0122
0.0008 0.0008 -0.0787 0.0402 0.0210 0.0501 0.0320 -0.0495 0.0617 -0.0134
-0.0372 -0.0372 0.0085 -0.0684 -0.0123 -0.0934 0.0467 0.0063 -0.0915 -0.0314
0.1206 0.1206 0.1004 0.1005 0.1081 0.3359 -0.0551 -0.1879 -0.0333 0.0395
0.0062 0.0062 0.1246 -0.0376 -0.0083 -0.0438 0.0080 -0.0143 0.0638 0.0105
Rerata
Tertinggi
Terendah
 Risk Premium
ASII BBCA BBNI BBRI BMRI GGRM INDF INTP KLBF SMGR

-0.0614 0.0276 0.0975 0.1420 0.1020 -0.0086 0.0506 0.1138 0.1178 -0.0027
0.0755 0.0240 0.0373 0.1079 0.0397 0.1322 0.0224 -0.0040 0.0258 0.0501
0.0549 0.0304 0.0839 0.0261 0.0322 0.0294 0.0112 0.0350 0.0041 0.0471
0.0005 0.0315 -0.0355 0.0277 0.0333 0.1375 -0.0405 -0.0672 0.0484 -0.0664
-0.0534 -0.0267 -0.0146 0.0241 0.0296 -0.0850 -0.0382 0.0256 -0.0095 -0.0147
0.0220 0.0146 -0.0083 0.0060 -0.0505 0.0216 -0.0246 -0.0107 0.0717 0.0175
0.0556 0.0483 0.0641 0.0785 0.0476 0.0068 0.0497 0.1002 0.0359 0.0933
-0.0257 -0.0407 0.0428 -0.0196 0.0060 -0.0099 -0.0345 -0.0343 -0.0467 -0.0274
-0.0756 0.1612 0.0265 -0.0628 -0.0352 0.0433 0.0119 -0.1176 0.0178 -0.0556
-0.0453 -0.0082 0.0707 0.0561 0.0209 0.0127 -0.0313 0.1074 -0.0033 0.0229
0.0453 -0.0025 0.0063 0.0343 0.0107 0.0530 -0.0247 0.0218 0.0200 0.0015
0.0356 -0.0045 0.0060 0.0044 0.0173 -0.0142 0.0010 0.0067 0.0393 0.0060
0.0508 0.0126 0.0181 -0.0043 0.0143 -0.0542 0.1121 -0.0865 0.0127 -0.1068
-0.0063 0.0480 0.0938 0.0965 0.0847 -0.0819 -0.0261 0.0394 -0.0384 0.0143
0.0861 0.0452 0.0447 0.0248 0.0334 -0.0516 0.0005 -0.0946 0.0270 -0.0886
-0.2074 -0.0973 -0.1170 -0.1305 -0.1446 -0.0259 -0.1002 -0.0484 -0.0438 -0.0905
0.0594 0.0420 0.0638 0.0067 -0.0038 -0.0643 0.0752 0.0604 0.0188 0.0698
-0.0371 -0.0505 -0.2353 -0.1273 -0.0736 -0.0487 -0.1056 -0.0743 -0.0959 -0.1141
-0.0663 -0.0359 -0.1081 -0.0401 -0.0584 0.0913 -0.0785 -0.0470 0.0355 -0.1646
-0.1153 -0.0215 0.0337 0.0563 -0.0510 -0.1073 -0.1374 -0.0262 -0.0464 -0.0904
-0.1244 -0.0547 -0.1709 -0.1921 -0.1353 -0.0624 0.0315 -0.1680 -0.1854 -0.0279
0.1229 0.0447 0.1437 0.2105 0.0914 0.0164 -0.0017 0.0880 0.0338 0.0766
-0.0020 -0.0469 -0.0031 0.0175 -0.0292 0.1323 -0.1239 0.0326 -0.0727 0.0779
0.0064 0.0685 0.0399 0.0541 0.0820 0.1185 0.0553 0.1876 -0.0175 0.0667
0.0690 -0.0211 -0.0221 -0.0235 0.0318 0.0549 0.1920 -0.1236 0.0053 -0.0367
0.0484 0.0228 0.0278 -0.0192 -0.0110 0.0859 0.1313 0.0107 -0.0321 -0.0782
0.0606 -0.0186 0.0190 0.0260 0.0729 0.0195 0.0192 -0.0206 0.1059 -0.0129
-0.0780 -0.0244 -0.1239 -0.0997 -0.0687 0.0549 -0.0195 -0.0056 -0.0541 -0.0327
-0.0242 -0.0095 0.0413 -0.0056 -0.0705 -0.0063 -0.0337 -0.1615 0.0344 -0.0965
0.1158 0.0196 0.0779 0.0381 0.0502 -0.0083 0.0415 0.0081 0.0645 0.0335
0.0385 0.0790 0.0234 0.0617 0.0548 -0.0268 0.1429 0.0064 0.0894 -0.0027
0.0506 0.0371 0.0938 0.0065 0.1071 -0.0507 -0.0524 0.0322 0.0673 0.0516
0.0081 0.0390 -0.0595 0.0430 -0.0065 -0.0414 0.0936 -0.0239 -0.0487 0.0160
-0.0070 -0.0151 0.0005 -0.0040 0.0207 0.0912 -0.0269 -0.0558 0.0106 -0.0287
-0.0860 -0.0829 -0.0757 -0.1105 -0.0890 -0.0467 -0.1128 -0.0328 -0.1419 -0.1029
0.0921 0.0800 0.0637 0.0671 0.0985 -0.0209 0.0422 -0.0400 0.0060 0.0298
-0.0432 -0.0169 0.0277 0.0003 -0.0624 -0.0376 -0.0040 -0.0283 -0.0469 -0.0203
0.0275 0.0058 0.0925 0.0152 0.0327 0.0624 0.0213 0.0044 0.0512 0.0625
0.0479 0.0672 0.0320 0.0818 0.0314 -0.0089 -0.0193 0.0918 0.0026 -0.0689
0.0337 0.0685 -0.0194 -0.0097 -0.0040 0.0094 0.0429 0.0171 0.0253 -0.0234
-0.0263 -0.0378 0.0235 0.1181 0.0730 0.1097 0.0408 0.0875 -0.0323 0.0669
 0.0160 0.0602 0.0037 0.0496 0.0079 0.0549 -0.0211 -0.0067 0.0512 0.0542
-0.1104 0.0207 0.1248 -0.0351 0.0666 -0.0321 -0.0301 -0.0554 0.0637 -0.0090
-0.0163 0.0096 -0.0172 0.0199 -0.0440 -0.0944 -0.0038 0.1277 -0.0182 0.0490
-0.0004 0.0677 0.0033 0.0064 0.0232 -0.0527 0.0024 -0.0490 -0.0299 -0.0370
0.0091 0.0260 0.0235 0.0177 0.0448 0.0603 -0.0302 0.1843 -0.0426 0.0730
-0.0067 -0.0299 0.0622 0.0253 0.0461 0.0897 -0.1102 -0.1828 -0.0035 -0.1412
0.0372 0.0726 0.2187 0.1304 0.0775 0.0915 0.0374 0.1878 0.0527 0.0496
0.0206 0.0341 -0.0540 0.0129 0.0152 -0.0364 0.0129 -0.0104 -0.0183 0.1227
-0.0535 0.0163 0.0310 0.0181 0.0149 -0.0196 -0.0261 0.0045 -0.0426 -0.0058
-0.0995 0.0019 -0.1115 -0.0512 -0.0788 -0.0948 -0.0530 -0.2754 -0.0660 -0.0732
-0.0241 -0.0550 -0.0756 -0.1091 -0.0752 -0.0470 -0.0348 0.1043 -0.0002 -0.0712
-0.0389 0.0232 0.0488 -0.0474 -0.0145 -0.0159 0.0104 -0.0096 -0.0937 -0.1335
-0.0481 -0.0586 -0.1727 -0.0825 -0.0330 -0.0228 -0.0647 -0.2301 -0.1141 -0.1564
0.0787 0.0792 0.0450 0.0764 -0.0338 0.1129 -0.0497 0.0302 0.0569 0.0621
0.0094 0.0609 0.0495 0.0312 0.0330 -0.0332 -0.0006 0.2503 0.0340 0.2388
0.0090 -0.0310 -0.0561 -0.0142 -0.0302 0.0096 -0.0793 0.0389 0.0212 0.0455
0.0700 -0.0255 -0.0149 -0.0048 0.0138 -0.0284 0.0079 -0.0697 -0.0120 -0.0980
0.0773 0.0965 0.1554 0.1442 0.0753 0.1292 0.0996 0.0990 0.1081 0.3311
-0.0430 -0.0069 0.0303 0.0060 -0.0084 0.0148 0.1238 -0.0390 -0.0083 -0.0487
0.0001 0.0127 0.0116 0.0129 0.0071 0.0084 -0.0009 -0.0016 -0.0001 -0.0050
0.1229 0.1612 0.2187 0.2105 0.1071 0.1375 0.1920 0.2503 0.1178 0.3311
-0.2074 -0.0973 -0.2353 -0.1921 -0.1446 -0.1073 -0.1374 -0.2754 -0.1854 -0.1646
 LQ45
TLKM UNTR UNVR

0.0519 0.0095 0.0918 0.0129

0.0157 -0.0231 -0.0054 0.0357
-0.0536 0.0873 0.0174 0.0576
0.0163 0.0395 -0.0063 0.0290
0.1306 -0.0074 -0.0105 0.0202
-0.0490 0.0595 -0.0011 -0.0063
0.0688 -0.0149 0.0441 0.0011
-0.0006 -0.0390 0.0027 0.0425
0.0876 -0.1078 0.0187 -0.0063
-0.0629 -0.0829 -0.0503 -0.0469
0.0209 -0.0091 0.0397 0.0167
0.0077 -0.0597 0.0093 0.0113
-0.0187 0.0252 0.1027 0.0203
0.0309 0.1530 -0.0014 0.0198
-0.0216 0.0444 0.0951 0.0181
-0.1014 -0.0246 0.0682 -0.0807
0.0817 -0.0577 0.0102 -0.0051
0.0236 -0.0026 -0.0940 -0.0482
-0.0028 -0.0148 0.0064 -0.0427
-0.0301 -0.0595 -0.0131 -0.1462
-0.0846 -0.0925 -0.0497 -0.0370
0.0070 0.0295 -0.0326 0.0543
0.0870 -0.1057 -0.0130 0.0665
0.0535 0.0336 0.0006 -0.0116
0.0696 0.0205 -0.0141 0.0207
-0.0370 -0.1136 0.2074 0.0267
0.0172 -0.0201 -0.0416 0.0335
0.0669 -0.0252 -0.0138 -0.0081
0.0366 -0.0590 0.0067 -0.0336
0.0703 0.0368 0.0404 0.0058
0.0574 0.0588 -0.0060 0.0466
-0.0091 0.1861 0.0089 0.0639
0.0196 -0.0602 -0.0283 -0.0350
-0.0248 0.2178 -0.0056 0.0358
-0.1082 -0.0329 -0.0928 -0.0761
0.0490 0.0079 -0.0465 -0.0275
-0.0316 0.0243 0.0579 0.0491
-0.0091 0.1242 0.0197 0.0109
0.0688 0.0711 0.0233 -0.0017
0.0542 0.0111 0.0232 0.0287
-0.0085 0.0286 0.0337 0.0059
 0.0351 -0.0157 0.0529 0.0209
0.0337 0.0926 -0.0009 0.0087
-0.0038 0.0029 0.0289 -0.0110
-0.0057 0.0526 -0.0347 0.0017
-0.1424 0.0801 0.0092 0.0100
0.0262 -0.0374 -0.0096 0.0160
0.0663 0.0532 0.1303 -0.0025
-0.1049 0.0953 -0.0304 0.1114
-0.0010 -0.0884 -0.0127 -0.0090
-0.1035 -0.1047 -0.0847 -0.0890
0.0603 0.0621 -0.0677 -0.0513
-0.0849 0.0239 -0.0201 -0.0081
0.0607 -0.1030 0.0064 -0.0518
-0.0526 0.1109 -0.0664 0.0229
-0.0270 -0.0287 0.0093 0.0147
0.0382 -0.0455 0.0676 -0.0111
0.0529 0.0104 -0.0856 -0.0291
-0.0492 -0.1841 -0.0276 0.0416
0.0140 -0.0105 0.0696 0.0126
0.0059 0.0037 0.0056 0.0020
0.1306 0.2178 0.2074 0.1114
-0.1424 -0.1841 -0.0940 -0.1462
 Clossing
No Tahun Emiten Total Equity (Rp) Outstanding Shares
Price
2014 BBCA 77,920,617,000,000 13,125 24,655,010,000
2015 BBCA 89,624,940,000,000 13,300 24,655,010,000
1 2016 BBCA 112,715,059,000,000 15,500 24,655,010,000
2017 BBCA 131,401,694,000,000 21,900 24,655,010,000
2018 BBCA 143,705,181,000,000 26,000 24,655,010,000
2014 BBRI 97,737,429,000,000 11,650 24,669,162,000
2015 BBRI 113,127,179,000,000 11,425 24,422,470,380
2 2016 BBRI 146,812,590,000,000 16,675 24,447,444,000
2017 BBRI 167,347,494,000,000 3,640 123,345,810,000
2018 BBRI 166,679,645,000,000 3,660 123,345,810,000
2014 TLKM 86,125,000,000,000 2,865 98,175,853,600
2015 TLKM 93,428,000,000,000 3,105 98,175,853,600
3 2016 TLKM 105,544,000,000,000 3,980 99,062,216,600
2017 TLKM 112,130,000,000,000 4,440 99,062,216,600
2018 TLKM 106,287,000,000,000 3,750 99,062,216,600
2014 UNVR 4,598,782,000,000 32,300 7,630,000,000
2015 UNVR 4,827,360,000,000 37,000 7,630,000,000
4 2016 UNVR 4,704,258,000,000 38,800 7,630,000,000
2017 UNVR 5,173,388,000,000 55,900 7,630,000,000
2018 UNVR 7,578,133,000,000 45,400 7,630,000,000
2014 BMRI 104,844,562,000,000 10,100 23,333,333,333
2015 BMRI 119,491,841,000,000 9,250 23,333,333,333
5 2016 BMRI 153,369,723,000,000 11,575 23,333,333,333
2017 BMRI 170,006,132,000,000 8,000 46,666,666,666
2018 BMRI 176,277,019,000,000 7,375 46,666,666,666
2014 ASII 120,324,000,000,000 7,425 40,483,553,140
2015 ASII 126,533,000,000,000 6,000 40,483,553,140
6 2016 ASII 139,906,000,000,000 8,275 40,483,553,140
2017 ASII 156,329,000,000,000 8,300 40,483,553,140
2018 ASII 167,931,000,000,000 8,225 40,483,553,140
2014 BBNI 61,021,308,000,000 6,100 18,648,656,458
2015 BBNI 78,438,222,000,000 4,990 18,648,656,458
7 2016 BBNI 89,254,000,000,000 5,525 18,648,656,458
2017 BBNI 100,903,304,000,000 9,900 18,648,656,458
2018 BBNI 104,019,888,000,000 8,800 18,648,656,458
2014 GGRM 33,228,720,000,000 33,150 1,924,088,000
2015 GGRM 38,007,909,000,000 55,000 1,924,088,000
8 2016 GGRM 39,564,228,000,000 63,900 1,924,088,000
2017 GGRM 42,187,664,000,000 83,800 1,924,088,000
2018 GGRM 42,927,699,000,000 83,625 1,924,088,000
2014 UNTR 38,576,734,000,000 17,350 3,730,135,136

9
 2015 UNTR 39,250,325,000,000 16,950 3,730,135,136
9 2016 UNTR 42,621,943,000,000 21,250 3,730,135,136
2017 UNTR 47,537,925,000,000 35,400 3,730,135,136
2018 UNTR 54,479,562,000,000 27,350 3,730,135,136
2014 SMGR 25,002,452,000,000 16,200 5,931,520,000
2015 SMGR 27,440,798,000,000 11,400 5,931,520,000
10 2016 SMGR 30,574,391,000,000 9,175 5,931,520,000
2017 SMGR 30,439,052,000,000 9,900 5,931,520,000
2018 SMGR 31,687,852,000,000 11,500 5,931,520,000
2014 KLBF 9,764,101,000,000 1,830 46,875,122,110
2015 KLBF 10,938,286,000,000 1,320 46,875,122,110
11 2016 KLBF 12,463,847,000,000 1,515 46,875,122,110
2017 KLBF 13,894,032,000,000 1,690 46,875,122,110
2018 KLBF 14,577,990,000,000 1,520 46,875,122,110
2014 INTP 38,576,734,000,000 25,000 3,681,231,699
2015 INTP 39,250,325,000,000 22,325 3,681,231,699
12 2016 INTP 42,621,943,000,000 15,400 3,681,231,699
2017 INTP 47,537,925,000,000 21,950 3,681,231,699
2018 INTP 54,479,562,000,000 18,450 3,681,231,699
2014 INDF 41,228,376,000,000 6,750 8,780,426,500
2015 INDF 43,121,593,000,000 5,175 8,780,426,500
13 2016 INDF 43,941,423,000,000 7,925 8,780,426,500
2017 INDF 46,756,724,000,000 7,625 8,780,426,500
2018 INDF 48,553,764,000,000 7,450 8,780,426,500
2014 ICBP 15,039,947,000,000 13,100 5,831,000,000
2015 ICBP 16,386,911,000,000 13,475 11,661,908,000
14 2016 ICBP 18,500,823,000,000 8,575 11,661,908,000
2017 ICBP 20,324,330,000,000 8,900 11,661,908,000
2018 ICBP 21,923,346,000,000 10,450 11,661,908,000
 Pem
2014
ME BE/ME
No. Kode ME
323,597,006,250,000 0.2408 1 INDF 59,267,878,875,000
327,911,633,000,000 0.2733 2 GGRM 63,783,517,200,000
382,152,655,000,000 0.2949 3 UNTR 64,717,844,609,600
539,944,719,000,000 0.2434 4 ICBP 76,386,100,000,000
641,030,260,000,000 0.2242 5 KLBF 85,781,473,461,300
287,395,737,300,000 0.3401 6 INTP 92,030,792,475,000
279,026,724,091,500 0.4054 7 SMGR 96,090,624,000,000
407,661,128,700,000 0.3601 8 BBNI 113,756,804,393,800
448,978,748,400,000 0.3727 9 BMRI 235,666,666,663,300
451,445,664,600,000 0.3692 10 UNVR 246,449,000,000,000
281,273,820,564,000 0.3062 11 TLKM 281,273,820,564,000
304,836,025,428,000 0.3065 12 BBRI 287,395,737,300,000
394,267,622,068,000 0.2677 13 ASII 300,590,382,064,500
439,836,241,704,000 0.2549 14 BBCA 323,597,066,250,000
371,483,312,250,000 0.2861 Rerata 166,199,121,989,750
246,449,000,000,000 0.0187
282,310,000,000,000 0.0171 2014
296,044,000,000,000 0.0159 No. Kode BE/ME
426,517,000,000,000 0.0121 1 UNVR 0.0187
346,402,000,000,000 0.0219 2 KLBF 0.1138
235,666,666,663,300 0.4449 3 ICBP 0.1969
215,833,333,330,250 0.5536 4 BBCA 0.2408
270,083,333,329,475 0.5679 5 SMGR 0.2602
373,333,333,328,000 0.4554 6 TLKM 0.3062
344,166,666,661,750 0.5122 7 BBRI 0.3401
300,590,382,064,500 0.4003 8 ASII 0.4003
242,901,318,840,000 0.5209 9 INTP 0.4192
335,001,402,233,500 0.4176 10 BMRI 0.4449
336,013,491,062,000 0.4652 11 GGRM 0.5210
332,977,224,576,500 0.5043 12 BBNI 0.5364
113,756,804,393,800 0.5364 13 UNTR 0.5961
93,056,795,725,420 0.8429 14 INDF 0.6956
103,033,826,930,450 0.8663
184,621,698,934,200 0.5465
164,108,176,830,400 0.6338
63,783,517,200,000 0.5210
105,824,840,000,000 0.3592
122,949,223,200,000 0.3218
161,238,574,400,000 0.2616
160,901,859,000,000 0.2668
64,717,844,609,600 0.5961
 63,225,790,555,200 0.6208
79,265,371,640,000 0.5377
132,046,783,814,400 0.3600
102,019,195,969,600 0.5340
96,090,624,000,000 0.2602
67,619,328,000,000 0.4058
54,421,696,000,000 0.5618
58,722,048,000,000 0.5184
68,212,480,000,000 0.4645
85,781,473,461,300 0.1138
61,875,161,185,200 0.1768
71,015,809,996,650 0.1755
79,218,956,365,900 0.1754
71,250,185,607,200 0.2046
92,030,792,475,000 0.4192
82,183,497,680,175 0.4776
56,690,968,164,600 0.7518
80,803,035,793,050 0.5883
67,918,724,846,550 0.8021
59,267,878,875,000 0.6956
45,438,707,137,500 0.9490
69,584,880,012,500 0.6315
66,950,752,062,500 0.6984
65,414,177,425,000 0.7423
76,386,100,000,000 0.1969
157,144,210,300,000 0.1043
100,000,861,100,000 0.1850
103,790,981,200,000 0.1958
121,866,938,600,000 0.1799
 Pembentukan Portofolio Metode F
2015
Group No. Kode ME Group No.
Small (S) 1 INDF 45,438,707,137,500 Small (S) 1
Small (S) 2 KLBF 61,875,161,185,200 Small (S) 2
Small (S) 3 UNTR 63,225,790,555,200 Small (S) 3
Small (S) 4 SMGR 67,619,328,000,000 Small (S) 4
Small (S) 5 INTP 82,183,497,680,175 Small (S) 5
Small (S) 6 BBNI 93,056,795,725,420 Small (S) 6
Small (S) 7 GGRM 105,824,840,000,000 Small (S) 7
Small (S) 8 ICBP 157,144,210,300,000 Small (S) 8
Big (B) 9 BMRI 215,833,333,330,250 Big (B) 9
Big (B) 10 ASII 242,901,318,840,000 Big (B) 10
Big (B) 11 BBRI 279,026,724,091,500 Big (B) 11
Big (B) 12 UNVR 283,310,000,000,000 Big (B) 12
Big (B) 13 TLKM 304,836,025,428,000 Big (B) 13
Big (B) 14 BBCA 327,911,633,000,000 Big (B) 14
Rerata 166,441,954,662,375 Rerata

2015
Group No. Kode BE/ME Group No.
Low (L) 1 UNVR 0.0171 Low (L) 1
Low (L) 2 ICBP 0.1043 Low (L) 2
Low (L) 3 KLBF 0.1768 Low (L) 3
Low (L) 4 BBCA 0.2733 Low (L) 4
Medium (M) 5 TLKM 0.3065 Medium (M) 5
Medium (M) 6 GGRM 0.3592 Medium (M) 6
Medium (M) 7 BBRI 0.4054 Medium (M) 7
Medium (M) 8 SMGR 0.4058 Medium (M) 8
Medium (M) 9 INTP 0.4776 Medium (M) 9
Medium (M) 10 ASII 0.5209 Medium (M) 10
High (H) 11 BMRI 0.5536 High (H) 11
High (H) 12 UNTR 0.6208 High (H) 12
High (H) 13 BBNI 0.8429 High (H) 13
High (H) 14 INDF 0.9490 High (H) 14
Metode Fama and French
2016 2017
Kode ME Group No. Kode
SMGR 54,421,696,000,000 Small (S) 1 SMGR
INTP 56,690,968,164,600 Small (S) 2 INDF
INDF 69,584,880,012,500 Small (S) 3 KLBF
KLBF 71,015,809,996,650 Small (S) 4 INTP
UNTR 79,265,371,640,000 Small (S) 5 ICBP
ICBP 100,000,861,100,000 Small (S) 6 UNTR
BBNI 103,033,826,930,450 Small (S) 7 GGRM
GGRM 122,949,223,200,000 Small (S) 8 BBNI
BMRI 270,083,333,329,475 Big (B) 9 ASII
UNVR 296,044,000,000,000 Big (B) 10 BMRI
ASII 335,001,402,233,500 Big (B) 11 UNVR
BBCA 382,152,655,000,000 Big (B) 12 TLKM
TLKM 394,267,622,068,000 Big (B) 13 BBRI
BBRI 407,661,128,700,000 Big (B) 14 BBCA
Rerata 195,869,484,169,655 Rerata

2016 2017
No.
Kode BE/ME Group Kode
UNVR 0.0159 Low (L) 1 UNVR
KLBF 0.1755 Low (L) 2 KLBF
ICBP 0.1850 Low (L) 3 ICBP
TLKM 0.2677 Low (L) 4 BBCA
BBCA 0.2949 Medium (M) 5 TLKM
GGRM 0.3218 Medium (M) 6 GGRM
BBRI 0.3601 Medium (M) 7 UNTR
ASII 0.4176 Medium (M) 8 BBRI
UNTR 0.5377 Medium (M) 9 BMRI
SMGR 0.5618 Medium (M) 10 ASII
BMRI 0.5679 High (H) 11 SMGR
INDF 0.6315 High (H) 12 BBNI
INTP 0.7518 High (H) 13 INTP
BBNI 0.8663 High (H) 14 INDF
 2017 2018
ME Group No. Kode ME
58,722,048,000,000 Small (S) 1 INDF 65,414,177,425,000
66,950,752,062,500 Small (S) 2 INTP 67,918,724,846,550
79,218,956,365,900 Small (S) 3 SMGR 68,212,480,000,000
80,803,035,793,050 Small (S) 4 KLBF 71,250,185,607,200
103,790,981,200,000 Small (S) 5 UNTR 102,019,195,969,600
132,046,783,814,400 Small (S) 6 ICBP 121,866,938,600,000
161,238,574,400,000 Small (S) 7 GGRM 160,901,859,000,000
184,621,698,934,200 Small (S) 8 BBNI 164,108,176,830,400
336,013,401,062,000 Big (B) 9 ASII 332,977,224,576,500
373,333,333,328,000 Big (B) 10 BMRI 344,166,666,661,750
426,517,000,000,000 Big (B) 11 UNVR 346,402,000,000,000
439,836,241,704,000 Big (B) 12 TLKM 371,483,312,250,000
448,978,748,400,000 Big (B) 13 BBRI 451,445,664,600,000
539,944,719,000,000 Big (B) 14 BBCA 641,030,260,000,000
245,144,019,576,004 Rerata 236,371,204,740,500

2017 2018
No.
BE/ME Group Kode BE/ME
0.0121 Low (L) 1 UNVR 0.0219
0.1754 Low (L) 2 ICBP 0.1799
0.1958 Low (L) 3 KLBF 0.2046
0.2434 Low (L) 4 BBCA 0.2242
0.2549 Medium (M) 5 GGRM 0.2668
0.2616 Medium (M) 6 TLKM 0.2861
0.3600 Medium (M) 7 BBRI 0.3692
0.3727 Medium (M) 8 SMGR 0.4645
0.4554 Medium (M) 9 ASII 0.5043
0.4652 Medium (M) 10 BMRI 0.5122
0.5184 High (H) 11 UNTR 0.5340
0.5465 High (H) 12 BBNI 0.6338
0.5883 High (H) 13 INDF 0.7423
0.6984 High (H) 14 INTP 0.8021
 Return Po
2014
Group S/L S/M S/H B/L B/M B/H
Bulan
Small (S) KLBF INTP GGRM UNVR TLKM
Small (S) SMGR UNTR BBCA BBRI Jan-14
Small (S) ICBP BBNI BMRI Feb-14
Small (S) INDF ASII Mar-14
Small (S) Apr-14
Small (S) 2015 May-14
Small (S) S/L S/M S/H B/L B/M B/H Jun-14
Small (S) KLBF GGRM UNTR UNVR BBRI BMRI Jul-14
Big (B) ICBP SMGR BBNI BBCA ASII Aug-14
Big (B) INTP INDF TLKM Sep-14
Big (B) Oct-14
Big (B) 2016 Nov-14
Big (B) S/L S/M S/H B/L B/M B/H Dec-14
Big (B) KLBF GGRM INDF UNVR BBRI BMRI Rerata
ICBP UNTR INTP TLKM ASII
SMGR BBNI BBCA
Bulan
Group 2017
Low (L) S/L S/M S/H B/L B/M B/H Jan-15
Low (L) KLBF GGRM SMGR UNVR BBRI Feb-15
Low (L) ICBP UNTR BBNI BBCA BMRI Mar-15
Low (L) INTP TLKM ASII Apr-15
Medium (M) INDF May-15
Medium (M) Jun-15
Medium (M) 2018 Jul-15
Medium (M) S/L S/M S/H B/L B/M B/H Aug-15
Medium (M) KLBF SMGR BBNI UNVR TLKM Sep-15
Medium (M) GGRM UNTR BBCA ASII Oct-15
High (H) ICBP INDF BBRI Nov-15
High (H) INTP BMRI Dec-15
High (H) Rerata
High (H)

Bulan
Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
 Jul-16
Aug-16
Sep-16
Oct-16
Nov-16
Dec-16
Rerata

Bulan
Jan-17
Feb-17
Mar-17
Apr-17
May-17
Jun-17
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Rerata

S/L RP S/L S/M RP S/M S/H

Bulan
KLBF GGRM ICBP SMGR BBNIUNTR
### -0.0148 -0.0328 -0.0197 -0.0224 0.1263 0.1263### 0.0989
### -0.0390 -0.0160 0.0287 -0.0088 -0.0022 -0.0022### -0.0848
### -0.0625 -0.0912 -0.0780 -0.0772 -0.0697 -0.0697### -0.1011
### 0.0033 -0.0435 0.0483 0.0027 -0.0676 -0.0676### 0.0656
### -0.0897 -0.0119 0.0029 -0.0329 -0.1295 -0.1295### 0.0279
### -0.1095 -0.0182 0.0172 -0.0368 -0.1518 -0.1518### -0.0984
### 0.0615 0.1175 -0.0141 0.0549 0.0667 0.0667### 0.1155
### 0.0386 -0.0286 -0.0057 0.0014 0.2434 0.2434### -0.0241
### 0.0260 0.0144 0.0173 0.0192 0.0503 0.0503### -0.0407
### -0.0072 -0.0236 0.0113 -0.0065 -0.0932 -0.0932### 0.0152
### 0.1131 0.1342 0.1036 0.1170 0.3361 0.3361### -0.1791
Dec-18
Rerata
Return Portofolio S/L, S/M, S/H, B/L, B
2014
S/L RP S/L S/M RP S/M S/H
KLBF SMGR ICBP INTP GGRM UNTR BBNI INDF
0.1240 0.0035 0.0784 0.0687 0.1200 0.1200 -0.0024 0.0158 0.1038 0.0568
0.0320 0.0563 0.0160 0.0348 0.0022 0.0022 0.1384 -0.0168 0.0436 0.0287
0.0103 0.0533 -0.0963 -0.0109 0.0412 0.0412 0.0356 0.0935 0.0901 0.0174
0.0546 -0.0601 -0.0099 -0.0051 -0.0610 -0.0610 0.1437 0.0458 -0.0292 -0.0342
-0.0032 -0.0084 0.0200 0.0028 0.0319 0.0319 -0.0788 -0.0012 -0.0083 -0.0319
0.0779 0.0238 -0.0196 0.0274 -0.0044 -0.0044 0.0279 0.0657 -0.0021 -0.0183
0.0422 0.0995 0.0450 0.0622 0.1064 0.1064 0.0131 -0.0087 0.0703 0.0560
-0.0405 -0.0211 0.0048 -0.0189 -0.0281 -0.0281 -0.0037 -0.0328 0.0490 -0.0283
0.0241 -0.0493 0.0810 0.0186 -0.1113 -0.1113 0.0495 -0.1016 0.0327 0.0182
0.0029 0.0292 -0.0264 0.0019 0.1137 0.1137 0.0190 -0.0766 0.0769 -0.0250
0.0264 0.0079 0.0181 0.0175 0.0281 0.0281 0.0593 -0.0027 0.0126 -0.0183
0.0457 0.0125 0.1644 0.0742 0.0132 0.0132 -0.0078 -0.0532 0.0124 0.0075
0.0330 0.0123 0.0230 0.0228 0.0210 0.0210 0.0328 -0.0061 0.0377 0.0024

2015
S/L RP S/L S/M RP S/M S/H
KLBF ICBP GGRM SMGR INTP UNTR BBNI INDF
0.0191 0.1069 0.0630 -0.0478 -0.1003 -0.0800 -0.0760 0.0317 0.0246 0.1185
-0.0322 -0.0138 -0.0230 -0.0757 0.0206 0.0457 -0.0032 0.1592 0.1000 -0.0199
0.0332 0.0262 0.0297 -0.0454 -0.0824 -0.0884 -0.0720 0.0506 0.0509 0.0068
-0.0375 -0.1005 -0.0690 -0.0196 -0.0842 -0.0422 -0.0487 -0.0183 -0.1107 -0.0940
0.0251 0.0682 0.0466 -0.0580 0.0760 0.0667 0.0282 -0.0514 0.0700 0.0815
-0.0897 -0.1152 -0.1025 -0.0425 -0.1078 -0.0681 -0.0728 0.0037 -0.2291 -0.0993
0.0418 -0.0140 0.0139 0.0976 -0.1583 -0.0407 -0.0338 -0.0086 -0.1019 -0.0722
-0.0401 0.0366 -0.0018 -0.1010 -0.0842 -0.0200 -0.0684 -0.0532 0.0399 -0.1311
-0.1791 -0.0275 -0.1033 -0.0562 -0.0216 -0.1618 -0.0799 -0.0863 -0.1646 0.0377
0.0400 0.0645 0.0523 0.0226 0.0829 0.0942 0.0666 0.0358 0.1499 0.0045
-0.0664 -0.0436 -0.0550 0.1385 0.0842 0.0389 0.0872 -0.0994 0.0032 -0.1176
-0.0112 0.0673 0.0280 0.1247 0.0729 0.1939 0.1305 0.0399 0.0461 0.0615
-0.0248 0.0046 -0.0101 -0.0052 -0.0252 -0.0052 -0.0119 0.0003 -0.0101 -0.0186

2016
S/L RP S/L S/M RP S/M S/H
KLBF ICBP GGRM UNTR SMGR INDF INTP BBNI
0.0114 0.0724 0.0419 0.0609 0.0265 -0.0307 0.0189 0.1981 -0.1176 -0.0160
-0.0262 0.0900 0.0319 0.0917 -0.1078 -0.0724 -0.0295 0.1371 0.0165 0.0336
0.1115 -0.0349 0.0383 0.0251 -0.0145 -0.0073 0.0011 0.0248 -0.0150 0.0246
-0.0484 0.0049 -0.0218 0.0605 -0.0196 -0.0270 0.0046 -0.0138 0.0000 -0.1183
0.0400 0.0606 0.0503 -0.0007 -0.0533 -0.0909 -0.0483 -0.0281 -0.1559 0.0469
0.0699 0.0633 0.0666 -0.0029 0.0423 0.0389 0.0261 0.0469 0.0135 0.0833
 0.0948 -0.0015 0.0467 -0.0214 0.0642 0.0027 0.0152 0.1483 0.0119 0.0288
0.0716 0.1599 0.1158 -0.0463 0.1905 0.0560 0.0667 -0.0480 0.0366 0.0981
-0.0446 -0.0501 -0.0473 -0.0373 -0.0560 0.0202 -0.0244 0.0978 -0.0198 -0.0553
0.0146 -0.0079 0.0033 0.0952 0.2218 -0.0248 0.0974 -0.0230 -0.0519 0.0045
-0.1379 -0.0798 -0.1089 -0.0427 -0.0289 -0.0990 -0.0569 -0.1088 -0.0289 -0.0717
0.0100 -0.0087 0.0007 -0.0169 0.0119 0.0338 0.0096 0.0462 -0.0360 0.0676
0.0139 0.0223 0.0181 0.0138 0.0231 -0.0167 0.0067 0.0398 -0.0289 0.0105

2017
S/L RP S/L S/M RP S/M S/H
KLBF ICBP GGRM UNTR SMGR BBNI INTP INDF
-0.0429 -0.0204 -0.0317 -0.0336 0.0282 -0.0027 -0.0163 0.0317 -0.0244 0.0000
0.0552 -0.0089 0.0231 0.0664 0.1281 0.0973 0.0665 0.0965 0.0083 0.0252
0.0065 -0.0210 -0.0072 -0.0049 0.0751 0.0351 -0.0649 0.0360 0.0957 -0.0154
0.0292 0.0767 0.0530 0.0134 0.0151 0.0142 -0.0194 -0.0154 0.0211 0.0469
-0.0284 -0.0085 -0.0185 0.1137 0.0325 0.0731 0.0708 0.0275 0.0914 0.0448
0.0552 0.0115 0.0333 0.0588 -0.0117 0.0236 0.0582 0.0076 -0.0027 -0.0171
0.0677 -0.0511 0.0083 -0.0281 0.0965 0.0342 -0.0050 0.1288 -0.0515 -0.0262
-0.0144 0.0449 0.0153 -0.0907 0.0066 -0.0420 0.0528 -0.0134 0.1314 0.0000
-0.0263 0.0000 -0.0132 -0.0491 0.0561 0.0035 -0.0334 0.0068 -0.0455 0.0060
-0.0390 0.0086 -0.0152 0.0638 0.0836 0.0737 0.0765 0.0270 0.1878 -0.0267
0.0000 -0.0398 -0.0199 0.0932 -0.0339 0.0297 -0.1376 0.0658 -0.1793 -0.1067
0.0563 0.0533 0.0548 0.0951 0.0567 0.0759 0.0532 0.2222 0.1913 0.0410
0.0099 0.0038 0.0068 0.0248 0.0444 0.0346 0.0084 0.0518 0.0353 -0.0024

2018
S/H RP S/H B/L RP B/L B/M
INDF INTP UNVR BBCA TLKM ASII BBRI BMRI
0.0164 -0.0068 0.0145 -0.0268 0.0377 0.0054 -0.1014 0.0241 0.0165 0.0188
-0.0226 0.0080 -0.0162 -0.0092 0.0198 0.0053 0.0025 -0.0500 0.0216 0.0184
-0.0495 -0.2719 -0.1326 -0.0812 0.0054 -0.0379 -0.1000 -0.0960 -0.0476 -0.0753
-0.0313 0.1078 0.0175 -0.0641 -0.0515 -0.0578 0.0639 -0.0205 -0.1056 -0.0717
0.0143 -0.0056 0.0223 -0.0162 0.0271 0.0055 -0.0809 -0.0350 -0.0435 -0.0105
-0.0601 -0.2255 -0.1380 0.0110 -0.0540 -0.0215 0.0653 -0.0435 -0.0779 -0.0284
-0.0451 0.0348 0.0387 -0.0618 0.0838 0.0110 -0.0480 0.0833 0.0810 -0.0292
0.0039 0.2549 0.0722 0.0139 0.0655 0.0397 -0.0224 0.0140 0.0358 0.0376
-0.0745 0.0437 -0.0307 0.0724 -0.0262 0.0231 0.0430 0.0138 -0.0094 -0.0254
0.0127 -0.0649 -0.0118 -0.0808 -0.0207 -0.0508 0.0577 0.0748 0.0000 0.0186
0.1046 0.1040 0.0475 -0.0226 0.1015 0.0395 -0.0442 0.0823 0.1492 0.0803
-0.0033 0.0198 0.0609 0.0258 -0.0437 -0.0437 0.0353 -0.0055 0.1288 -0.0340
-0.0112 -0.0001 -0.0046 -0.0200 0.0121 -0.0068 -0.0108 0.0035 0.0124 -0.0084
H, B/L, B/M, dan B/H
2014
RP S/H B/L RP B/L B/M RP B/M B/H
UNVR BBCA TLKM BBRI BMRI ASII n.a
0.0435 0.0981 0.0339 0.0660 0.0581 0.1483 0.1083 -0.0551 0.0649
0.0485 0.0009 0.0302 0.0156 0.0220 0.1141 0.0460 0.0817 0.0659
0.0592 0.0236 0.0367 0.0301 -0.0473 0.0323 0.0385 0.0612 0.0212
0.0315 0.0000 0.0377 0.0189 0.0226 0.0339 0.0396 0.0068 0.0257
-0.0300 -0.0043 -0.0205 -0.0124 0.1369 0.0303 0.0358 -0.0471 0.0390
0.0183 0.0052 0.0209 0.0130 -0.0427 0.0123 -0.0442 0.0283 -0.0116
0.0327 0.0504 0.0545 0.0525 0.0751 0.0847 0.0539 0.0619 0.0689
-0.0039 0.0089 -0.0345 -0.0128 0.0057 -0.0134 0.0123 -0.0194 -0.0037
-0.0003 0.0250 0.1674 0.0962 0.0938 -0.0566 -0.0289 -0.0693 -0.0152
-0.0014 -0.0440 -0.0019 -0.0230 -0.0566 0.0624 0.0272 -0.0390 -0.0015
0.0127 0.0461 0.0038 0.0249 0.0273 0.0406 0.0170 0.0517 0.0341
-0.0103 0.0157 0.0019 0.0088 0.0142 0.0108 0.0238 0.0421 0.0227
0.0167 0.0188 0.0275 0.0232 0.0257 0.0417 0.0274 0.0086 0.0259 n.a

2015
RP S/H B/L RP B/L B/M RP B/M B/H RP B/H
UNVR BBCA TLKM BBRI ASII BMRI
0.0583 0.1091 0.0190 -0.0122 0.0387 0.0021 0.0572 0.0297 0.0208 0.0208
0.0798 0.0049 0.0542 0.0371 0.0321 0.1028 0.0000 0.0514 0.0909 0.0909
0.0361 0.1014 0.0514 -0.0153 0.0458 0.0311 0.0924 0.0617 0.0397 0.0397
-0.0743 0.0744 -0.0911 -0.0952 -0.0373 -0.1243 -0.2012 -0.1627 -0.1383 -0.1383
0.0334 0.0164 0.0482 0.0880 0.0509 0.0129 0.0657 0.0393 0.0024 0.0024
-0.1082 -0.0878 -0.0442 0.0299 -0.0340 -0.1210 -0.0308 -0.0759 -0.0674 -0.0674
-0.0609 0.0127 -0.0296 0.0034 -0.0045 -0.0338 -0.0601 -0.0469 -0.0521 -0.0521
-0.0481 -0.0069 -0.0153 -0.0238 -0.0153 0.0625 -0.1090 -0.0233 -0.0447 -0.0447
-0.0711 -0.0434 -0.0484 -0.0784 -0.0568 -0.1859 -0.1181 -0.1520 -0.1290 -0.1290
0.0634 -0.0263 0.0509 0.0132 0.0126 0.2168 0.1292 0.1730 0.0977 0.0977
-0.0713 -0.0068 -0.0407 0.0933 0.0153 0.0238 0.0042 0.0140 -0.0230 -0.0230
0.0492 0.0068 0.0747 0.0597 0.0471 0.0603 0.0127 0.0365 0.0882 0.0882
-0.0095 0.0129 0.0024 0.0083 0.0079 0.0039 -0.0132 -0.0046 -0.0096 -0.0096

2016
RP S/H B/L RP B/L B/M RP B/M B/H RP B/H
UNVR TLKM BBCA BBRI ASII BMRI
0.0215 -0.0081 0.0757 -0.0150 0.0175 -0.0175 0.0750 0.0287 0.0378 0.0378
0.0624 0.2132 -0.0311 0.0286 0.0702 -0.0134 0.0543 0.0205 -0.0052 -0.0052
0.0115 -0.0359 0.0229 -0.0130 -0.0087 0.0316 0.0662 0.0489 0.0785 0.0785
-0.0440 -0.0082 0.0725 -0.0188 0.0152 -0.0941 -0.0724 -0.0833 -0.0631 -0.0631
-0.0457 0.0123 0.0423 -0.0038 0.0169 0.0000 -0.0186 -0.0093 -0.0649 -0.0649
0.0479 0.0458 0.0757 0.0250 0.0488 0.0435 0.1212 0.0823 0.0556 0.0556
 0.0630 -0.0006 0.0628 0.0844 0.0489 0.0671 0.0439 0.0555 0.0603 0.0603
0.0289 0.0133 -0.0047 0.0415 0.0167 0.0108 0.0550 0.0329 0.1115 0.1115
0.0076 -0.0241 0.0238 0.0432 0.0143 0.0472 0.0123 0.0297 -0.0023 -0.0023
-0.0235 -0.0017 -0.0209 -0.0111 -0.0112 0.0000 -0.0030 -0.0015 0.0246 0.0246
-0.0698 -0.0888 -0.1043 -0.0789 -0.0907 -0.1066 -0.0821 -0.0943 -0.0850 -0.0850
0.0259 -0.0426 0.0529 0.0839 0.0314 0.0711 0.0960 0.0836 0.1025 0.1025
0.0071 0.0062 0.0223 0.0138 0.0141 0.0033 0.0290 0.0162 0.0209 0.0209

2017
RP S/H B/L RP B/L B/M RP B/M B/H
UNVR BBCA TLKM BBRI BMRI ASII n.a
-0.0023 0.0619 -0.0129 -0.0276 0.0071 0.0043 -0.0584 -0.0393 -0.0311
0.0491 0.0237 0.0098 -0.0052 0.0094 0.0192 0.0367 0.0314 0.0291
0.0128 0.0273 0.0712 0.0727 0.0571 0.0858 0.0354 0.0518 0.0577
0.0083 0.0271 0.0725 0.0581 0.0526 -0.0058 0.0000 0.0377 0.0106
0.0586 0.0376 -0.0338 -0.0046 -0.0002 0.1221 0.0769 -0.0223 0.0589
0.0115 0.0568 0.0641 0.0391 0.0534 0.0535 0.0119 0.0200 0.0285
0.0115 0.0031 0.0247 0.0376 0.0218 -0.0311 0.0706 -0.1064 -0.0223
0.0427 0.0327 0.0134 0.0000 0.0154 0.0237 -0.0403 -0.0125 -0.0097
-0.0165 -0.0312 0.0712 -0.0021 0.0127 0.0099 0.0267 0.0032 0.0133
0.0662 0.0128 0.0296 -0.1389 -0.0322 0.0213 0.0483 0.0127 0.0274
-0.0895 -0.0060 -0.0263 0.0298 -0.0009 0.0288 0.0496 -0.0031 0.0251
0.1269 0.1339 0.0762 0.0699 0.0933 0.1340 0.0811 0.0408 0.0853
0.0233 0.0316 0.0300 0.0107 0.0241 0.0388 0.0282 0.0012 0.0227 n.a

RP B/M B/H RP B/H

n.a
-0.0105
-0.0019
-0.0797
-0.0335
-0.0425
-0.0211
0.0218
0.0163
0.0055
0.0378
0.0669
0.0311 0.0746 -0.0019 0.0363 0.0190 -0.0380 0.0110 -0.0034 -0.0028
-0.0008 0.0746 -0.0019 0.0363 0.0190 -0.0380 0.0110 -0.0034 -0.0028 n.a
 Data Untuk
Return Portofolio
Bulan (Rm)
RP B/H S/L S/M S/H B/L B/M B/H
n.a Jan-14 0.0687 0.1200 0.0435 0.0660 0.0649 0.0000 0.0192
Feb-14 0.0348 0.0022 0.0485 0.0156 0.0659 0.0000 0.0420
Mar-14 -0.0109 0.0412 0.0592 0.0301 0.0212 0.0000 0.0639
Apr-14 -0.0051 -0.0610 0.0315 0.0189 0.0257 0.0000 0.0352
May-14 0.0028 0.0319 -0.0300 -0.0124 0.0390 0.0000 0.0265
Jun-14 0.0274 -0.0044 0.0183 0.0130 -0.0116 0.0000 0.0000
Jul-14 0.0622 0.1064 0.0327 0.0525 0.0689 0.0000 0.0074
Aug-14 -0.0189 -0.0281 -0.0039 -0.0128 -0.0037 0.0000 0.0488
Sep-14 0.0186 -0.1113 -0.0003 0.0962 -0.0152 0.0000 0.0000
Oct-14 0.0019 0.1137 -0.0014 -0.0230 -0.0015 0.0000 -0.0407
Nov-14 0.0175 0.0281 0.0127 0.0249 0.0341 0.0000 0.0230
Dec-14 0.0742 0.0132 -0.0103 0.0088 0.0227 0.0000 0.0178
Jan-15 0.0630 -0.0760 0.0583 0.0387 0.0297 0.0208 0.0268
n.a Feb-15 -0.0230 -0.0032 0.0798 0.0321 0.0514 0.0909 0.0261
Mar-15 0.0297 -0.0720 0.0361 0.0458 0.0617 0.0397 0.0243
Apr-15 -0.0690 -0.0487 -0.0743 -0.0373 -0.1627 -0.1383 -0.0744
May-15 0.0466 0.0282 0.0334 0.0509 0.0393 0.0024 0.0012
Jun-15 -0.1025 -0.0728 -0.1082 -0.0340 -0.0759 -0.0674 -0.0419
Jul-15 0.0139 -0.0338 -0.0609 -0.0045 -0.0469 -0.0521 -0.0365
Aug-15 -0.0018 -0.0684 -0.0481 -0.0153 -0.0233 -0.0447 -0.1400
Sep-15 -0.1033 -0.0799 -0.0711 -0.0568 -0.1520 -0.1290 -0.0308
Oct-15 0.0523 0.0666 0.0634 0.0126 0.1730 0.0977 0.0605
Nov-15 -0.0550 0.0872 -0.0713 0.0153 0.0140 -0.0230 0.0728
Dec-15 0.0280 0.1305 0.0492 0.0471 0.0365 0.0882 -0.0053
Jan-16 0.0419 0.0189 0.0215 0.0175 0.0287 0.0378 0.0267
Feb-16 0.0319 -0.0295 0.0624 0.0702 0.0205 -0.0052 0.0326
Mar-16 0.0383 0.0011 0.0115 -0.0087 0.0489 0.0785 0.0391
Apr-16 -0.0218 0.0046 -0.0440 0.0152 -0.0833 -0.0631 -0.0024
May-16 0.0503 -0.0483 -0.0457 0.0169 -0.0093 -0.0649 -0.0280
Jun-16 0.0666 0.0261 0.0479 0.0488 0.0823 0.0556 0.0113
Jul-16 0.0467 0.0152 0.0630 0.0489 0.0555 0.0603 0.0520
Aug-16 0.1158 0.0667 0.0289 0.0167 0.0329 0.1115 0.0682
Sep-16 -0.0473 -0.0244 0.0076 0.0143 0.0297 -0.0023 -0.0308
Oct-16 0.0033 0.0974 -0.0235 -0.0112 -0.0015 0.0246 0.0398
Nov-16 -0.1089 -0.0569 -0.0698 -0.0907 -0.0943 -0.0850 -0.0721
Dec-16 0.0007 0.0096 0.0259 0.0314 0.0836 0.1025 -0.0236
Jan-17 -0.0317 -0.0027 -0.0023 0.0071 -0.0311 0.0000 0.0531
Feb-17 0.0231 0.0973 0.0491 0.0094 0.0291 0.0000 0.0149
Mar-17 -0.0072 0.0351 0.0128 0.0571 0.0577 0.0000 0.0023
Apr-17 0.0530 0.0142 0.0083 0.0526 0.0106 0.0000 0.0327
May-17 -0.0185 0.0731 0.0586 -0.0002 0.0589 0.0000 0.0098
 Jun-17 0.0333 0.0236 0.0115 0.0534 0.0285 0.0000 0.0248
Jul-17 0.0083 0.0342 0.0115 0.0218 -0.0223 0.0000 0.0126
Aug-17 0.0153 -0.0420 0.0427 0.0154 -0.0097 0.0000 -0.0073
Sep-17 -0.0132 0.0035 -0.0165 0.0127 0.0133 0.0000 0.0052
Oct-17 -0.0152 0.0737 0.0662 -0.0322 0.0274 0.0000 0.0136
Nov-17 -0.0199 0.0297 -0.0895 -0.0009 0.0251 0.0000 0.0195
Dec-17 0.0548 0.0759 0.1269 0.0933 0.0853 0.0000 0.0010
Jan-18 -0.0224 0.1263 0.0145 0.0054 -0.0105 0.0000 0.1149
Feb-18 -0.0088 -0.0022 -0.0162 0.0053 -0.0019 0.0000 -0.0054
RP B/H Mar-18 -0.0772 -0.0697 -0.1326 -0.0379 -0.0797 0.0000 -0.0855
Apr-18 0.0027 -0.0676 0.0175 -0.0578 -0.0335 0.0000 -0.0477
May-18 -0.0329 -0.1295 0.0223 0.0055 -0.0425 0.0000 -0.0042
Jun-18 -0.0368 -0.1518 -0.1380 -0.0215 -0.0211 0.0000 -0.0472
Jul-18 0.0549 0.0667 0.0387 0.0110 0.0218 0.0000 0.0275
Aug-18 0.0014 0.2434 0.0722 0.0397 0.0163 0.0000 0.0193
Sep-18 0.0192 0.0503 -0.0307 0.0231 0.0055 0.0000 -0.0063
Oct-18 -0.0065 -0.0932 -0.0118 -0.0508 0.0378 0.0000 -0.0243
Nov-18 0.1170 0.3361 0.0475 0.0395 0.0669 0.0000 0.0466
Dec-18 0.0258 -0.0437 0.0311 0.0363 -0.0028 0.0000 0.0176
Max 0.1170 0.3361 0.1269 0.0962 0.1730 0.1115 0.1149
Min -0.1089 -0.1518 -0.1380 -0.0907 -0.1627 -0.1383 -0.1400
Mean 0.0081 0.0145 0.0061 0.0138 0.0113 0.0023 0.0071
SD 0.0468 0.0833 0.0530 0.0358 0.0552 0.0459 0.0418
n.a VC 5.7581 5.7407 8.6895 2.5934 4.8838 20.3203 5.8918

n.a
a Untuk Regresi
Excess Return
Rf
S/L S/M S/H B/L B/M B/H Mean LQ45
0.0063 0.0624 0.1138 0.0373 0.0597 0.0586 -0.0063 0.0543 0.0129
0.0063 0.0285 -0.0040 0.0422 0.0093 0.0597 -0.0063 0.0216 0.0357
0.0063 -0.0171 0.0350 0.0529 0.0239 0.0149 -0.0063 0.0172 0.0576
0.0063 -0.0114 -0.0672 0.0253 0.0126 0.0195 -0.0063 -0.0046 0.0290
0.0063 -0.0035 0.0256 -0.0363 -0.0186 0.0327 -0.0063 -0.0010 0.0202
0.0063 0.0211 -0.0107 0.0120 0.0068 -0.0179 -0.0063 0.0009 -0.0063
0.0063 0.0560 0.1002 0.0264 0.0462 0.0626 -0.0063 0.0475 0.0011
0.0063 -0.0252 -0.0343 -0.0102 -0.0190 -0.0100 -0.0063 -0.0175 0.0425
0.0063 0.0123 -0.1176 -0.0065 0.0899 -0.0215 -0.0063 -0.0083 -0.0063
0.0063 -0.0044 0.1074 -0.0077 -0.0292 -0.0078 -0.0063 0.0087 -0.0469
0.0064 0.0111 0.0218 0.0064 0.0186 0.0278 -0.0064 0.0132 0.0167
0.0065 0.0678 0.0067 -0.0167 0.0024 0.0163 -0.0065 0.0117 0.0113
0.0065 0.0565 -0.0825 0.0518 0.0322 0.0232 0.0143 0.0159 0.0203
0.0063 -0.0292 -0.0094 0.0735 0.0258 0.0451 0.0847 0.0318 0.0198
0.0063 0.0235 -0.0783 0.0298 0.0396 0.0555 0.0334 0.0172 0.0181
0.0063 -0.0753 -0.0549 -0.0806 -0.0435 -0.1690 -0.1446 -0.0946 -0.0807
0.0063 0.0404 0.0220 0.0271 0.0446 0.0330 -0.0038 0.0272 -0.0051
0.0063 -0.1087 -0.0790 -0.1145 -0.0403 -0.0822 -0.0736 -0.0831 -0.0482
0.0063 0.0076 -0.0401 -0.0672 -0.0108 -0.0532 -0.0584 -0.0370 -0.0427
0.0063 -0.0080 -0.0746 -0.0544 -0.0216 -0.0295 -0.0510 -0.0398 -0.1462
0.0063 -0.1095 -0.0861 -0.0773 -0.0630 -0.1583 -0.1353 -0.1049 -0.0370
0.0063 0.0460 0.0603 0.0572 0.0064 0.1667 0.0914 0.0713 0.0543
0.0063 -0.0612 0.0810 -0.0776 0.0090 0.0077 -0.0292 -0.0117 0.0665
0.0063 0.0218 0.1243 0.0429 0.0408 0.0302 0.0820 0.0570 -0.0116
0.0060 0.0358 0.0129 0.0154 0.0115 0.0227 0.0318 0.0217 0.0207
0.0058 0.0260 -0.0353 0.0566 0.0644 0.0146 -0.0110 0.0192 0.0267
0.0056 0.0327 -0.0045 0.0059 -0.0143 0.0433 0.0729 0.0226 0.0335
0.0056 -0.0274 -0.0010 -0.0497 0.0096 -0.0889 -0.0687 -0.0377 -0.0081
0.0056 0.0447 -0.0539 -0.0513 0.0113 -0.0149 -0.0705 -0.0225 -0.0336
0.0054 0.0612 0.0207 0.0425 0.0434 0.0769 0.0502 0.0492 0.0058
0.0054 0.0412 0.0097 0.0576 0.0435 0.0501 0.0548 0.0428 0.0466
0.0044 0.1114 0.0624 0.0245 0.0123 0.0286 0.1071 0.0577 0.0639
0.0042 -0.0515 -0.0285 0.0034 0.0101 0.0256 -0.0065 -0.0079 -0.0350
0.0040 -0.0006 0.0934 -0.0274 -0.0152 -0.0055 0.0207 0.0109 0.0358
0.0040 -0.1128 -0.0608 -0.0738 -0.0946 -0.0983 -0.0890 -0.0882 -0.0761
0.0040 -0.0033 0.0056 0.0220 0.0275 0.0796 0.0985 0.0383 -0.0275
0.0040 -0.0356 -0.0067 -0.0062 0.0031 -0.0351 -0.0040 -0.0141 0.0491
0.0040 0.0192 0.0933 0.0452 0.0055 0.0252 -0.0040 0.0307 0.0109
0.0040 -0.0112 0.0311 0.0089 0.0531 0.0537 -0.0040 0.0219 -0.0017
0.0040 0.0490 0.0103 0.0043 0.0486 0.0067 -0.0040 0.0192 0.0287
0.0040 -0.0224 0.0692 0.0547 -0.0042 0.0549 -0.0040 0.0247 0.0059
0.0040 0.0294 0.0196 0.0075 0.0494 0.0245 -0.0040 0.0211 0.0209
0.0040 0.0043 0.0303 0.0076 0.0178 -0.0263 -0.0040 0.0050 0.0087
0.0038 0.0115 -0.0458 0.0389 0.0116 -0.0135 -0.0038 -0.0002 -0.0110
0.0035 -0.0167 -0.0001 -0.0201 0.0091 0.0097 -0.0035 -0.0036 0.0017
0.0035 -0.0188 0.0702 0.0626 -0.0357 0.0239 -0.0035 0.0164 0.0100
0.0035 -0.0234 0.0261 -0.0930 -0.0044 0.0216 -0.0035 -0.0128 0.0160
0.0035 0.0512 0.0724 0.1234 0.0898 0.0817 -0.0035 0.0691 -0.0025
0.0035 -0.0260 0.1227 0.0109 0.0019 -0.0140 -0.0035 0.0153 0.1114
0.0035 -0.0124 -0.0058 -0.0197 0.0018 -0.0054 -0.0035 -0.0075 -0.0090
0.0035 -0.0808 -0.0732 -0.1362 -0.0414 -0.0833 -0.0035 -0.0697 -0.0890
0.0035 -0.0008 -0.0712 0.0140 -0.0613 -0.0370 -0.0035 -0.0266 -0.0513
0.0040 -0.0369 -0.1335 0.0184 0.0015 -0.0464 -0.0040 -0.0335 -0.0081
0.0046 -0.0414 -0.1564 -0.1426 -0.0261 -0.0257 -0.0046 -0.0661 -0.0518
0.0046 0.0503 0.0621 0.0341 0.0064 0.0172 -0.0046 0.0276 0.0229
0.0046 -0.0032 0.2388 0.0676 0.0351 0.0117 -0.0046 0.0576 0.0147
0.0048 0.0144 0.0455 -0.0355 0.0183 0.0007 -0.0048 0.0064 -0.0111
0.0048 -0.0113 -0.0980 -0.0166 -0.0555 0.0330 -0.0048 -0.0255 -0.0291
0.0050 0.1120 0.3311 0.0425 0.0345 0.0619 -0.0050 0.0962 0.0416
0.0050 0.0208 -0.0487 0.0261 0.0313 -0.0078 -0.0050 0.0028 0.0126
0.0065 0.1120 0.3311 0.1234 0.0899 0.1667 0.1071 0.0962 0.1114
0.0035 -0.1128 -0.1564 -0.1426 -0.0946 -0.1690 -0.1446 -0.1049 -0.1462
0.0051 0.0030 0.0094 0.0010 0.0087 0.0062 -0.0029 0.0042 0.0020
0.0011 0.0467 0.0834 0.0530 0.0357 0.0551 0.0460 0.0409 0.0418
0.2157 15.5315 8.8876 54.3443 4.1081 8.9372 -16.0076 9.6734 21.1950
 Return Rerata Return Portofolio, Rm, dan Rf
SMB HML Periode 2014 - 2018
0.0338 -0.0456 Tahun S/L S/M S/H B/L B/M
0.0013 -0.0009 2014 0.0228 0.0210 0.0167 0.0232 0.0259
0.0127 0.0199 2015 -0.0101 -0.0119 -0.0095 0.0079 -0.0046
-0.0264 0.0089 2016 0.0181 0.0067 0.0071 0.0141 0.0162
-0.0073 -0.0102 2017 0.0068 0.0346 0.0233 0.0241 0.0227
0.0133 -0.0110 2018 -0.0046 0.0121 -0.0084 -0.0019 -0.0034
0.0267 -0.0410 Mean 0.0066 0.0125 0.0058 0.0135 0.0113
-0.0115 0.0139 Max 0.0228 0.0346 0.0233 0.0241 0.0259
-0.0580 -0.0575 Min -0.0101 -0.0119 -0.0095 -0.0019 -0.0046
0.0462 0.0098 SD 0.0126 0.0154 0.0131 0.0098 0.0129
-0.0003 -0.0148 CV 1.9152 1.2324 2.2454 0.7242 1.1383
0.0152 -0.0467
-0.0146 -0.0113
-0.0402 0.0808
-0.0511 0.0001
0.0488 -0.0532
0.0052 -0.0309
-0.0354 -0.0196
0.0076 -0.0612
-0.0117 -0.0379
0.0279 -0.0200
-0.0337 0.0481
-0.0151 -0.0273
0.0120 0.0311
-0.0006 0.0000
-0.0069 -0.0225
-0.0226 0.0302
0.0233 -0.0503
0.0045 -0.0889
-0.0154 -0.0059
-0.0133 0.0138
0.0168 0.0040
-0.0353 0.0192
0.0218 0.0045
0.0115 0.0223
-0.0604 0.0482
-0.0042 0.0111
0.0437 0.0083
-0.0247 -0.0185
0.0041 -0.0486
0.0182 0.0387
-0.0045 -0.0376
0.0182 -0.0093
0.0034 0.0060
-0.0174 -0.0080
0.0431 0.0568
-0.0346 -0.0344
0.0263 -0.0106
0.0411 0.0157
-0.0102 -0.0063
-0.0540 -0.0087
0.0146 0.0363
-0.0344 0.0249
-0.0947 -0.0399
0.0425 -0.0136
0.0870 0.0155
0.0034 -0.0365
-0.0328 0.0227
0.1314 -0.0545
-0.0067 -0.0155
0.1314 0.0808
-0.0947 -0.0889
0.0005 -0.0068
0.0358 0.0325
77.7826 -4.7812
o, Rm, dan Rf
Excess Return
2018
B/H Rm Rf S/L S/M S/H B/L B/M B/H
n.a 0.0203 0.0063 0.0165 0.0147 0.0104 0.0169 0.0196 n.a
-0.0096 -0.0098 0.0063 -0.0163 -0.0181 -0.0158 0.0016 -0.0109 -0.0158
0.0209 0.0094 0.0050 0.0131 0.0017 0.0021 0.0091 0.0112 0.0159
n.a 0.0152 0.0038 0.0030 0.0308 0.0195 0.0203 0.0189 n.a
n.a 0.0004 0.0043 -0.0089 0.0078 -0.0127 -0.0062 -0.0077 n.a
0.0056 0.0071 0.0051 0.0015 0.0074 0.0007 0.0083 0.0062 0.0000
0.0209 0.0203 0.0063 0.0165 0.0308 0.0195 0.0203 0.0196 0.0159
-0.0096 -0.0098 0.0038 -0.0163 -0.0181 -0.0158 -0.0062 -0.0109 -0.0158
0.0152 0.0107 0.0010 0.0126 0.0160 0.0134 0.0097 0.0130 0.0159
2.6972 1.5073 0.1968 8.5476 2.1724 18.6319 1.1672 2.0947 ###
 Rerata
Return
Rm SMB HML
0.0140 -0.0044 -0.0034
-0.0160 -0.0084 -0.0089
0.0044 -0.0064 -0.0049
0.0114 -0.0018 -0.0090
-0.0038 0.0023 -0.0046
0.0020 -0.0037 -0.0062
0.0140 0.0023 -0.0034
-0.0160 -0.0084 -0.0090
0.0109 0.0037 0.0024
5.5382 -0.9989 -0.3806