Year Stock A's Return Stock B's Return

2010 -18.00% -14.50%

2011 33.00% 21.80%
2012 15.00% 30.50%
2013 -0.50% -7.60%
2014 27.00% 26.30%

Average RR 11.30% 11.30%

Stock A's Stock B's

Year Stock A's Return Stock B's Return Komposisi Return Return
2010 -18.00% -14.50% 50% -9.00% -7.25%
2011 33.00% 21.80% 50% 16.50% 10.90%
2012 15.00% 30.50% 50% 7.50% 15.25%
2013 -0.50% -7.60% 50% -0.25% -3.80%
2014 27.00% 26.30% 50% 13.50% 13.15%

Average RR

Dev from Dev from

Year Stock A's Return Stock B's Return Average Average Square Dev A
Stock A Stock B
2010 -18.00% -14.50% -29.30% -25.80% 8.58%
2011 33.00% 21.80% 21.70% 10.50% 4.71%
2012 15.00% 30.50% 3.70% 19.20% 0.14%
2013 -0.50% -7.60% -11.80% -18.90% 1.39%
2014 27.00% 26.30% 15.70% 15.00% 2.46%
Sum 17.29%
SSDevs/(N-1) SSDevs/4 4.32%
STDEV 20.79%
Average RR 11.30% 11.30%
CV 1.840 1.839

Stock A's Stock B's

Year Stock A's Return Stock B's Return Komposisi
Return Return

2010 -18.00% -14.50% 50% -9.00% -7.25%

2011 33.00% 21.80% 50% 16.50% 10.90%
2012 15.00% 30.50% 50% 7.500% 15.25%
2013 -0.50% -7.60% 50% -0.25% -3.80%
2014 27.00% 26.30% 50% 13.50% 13.15%

Average RR
Sum
SSDevs/(N-1) SSDevs/4
STDEV
CV
 Based on
CV,Fortofolio is
better hold for risk
averse, because
lower CV indicates
Thus lower risk
Stock A+B return
-16.25%
27.40%
22.75%
-4.05%
26.65%

11.30%

Square Dev B

6.66%
1.10%
3.69%
3.57%
2.25%
17.27%
4.32% 3.46% 5
20.78%

Dev from
Stock A+B return Average Square Dev A+B
Stock A+B
-16.25% -27.55% 0.07590025 10.90% 3.63%
27.40% 16.10% 0.025921
22.75% 11.45% 0.01311025
-4.05% -15.35% 0.02356225
26.65% 15.35% 0.02356225

11.30%
0.162056
0.040514
20.13% 20.13%
1.78
0.00132
3.63%
Stock A's Expect Stock B's Expect Stock B's Stock C's
Return Return Stock C's Expect Return Komposisi Stock A's Return Return Return
9.55% 10.45% 12.70% 33.3% 3.18% 3.48% 4.23%

Stock A's Expect Stock B's Expect Stock B's Stock C's
Return Return Stock C's Expect Return Komposisi Stock A's Return Return Return
9.55% 10.45% 12.70% 33.3% 3.18% 3.48% 4.23%

Stocks Expect Stock's Required CV

Stock STDEV Beta
Return Komposisi Return (SD/RT)
A 9.55% 33.3% 15% 3.18% 1.0 4.71
B 10.45% 33.3% 15% 3.48% 1.2 4.31
C 12.70% 33.3% 15% 4.23% 1.8 3.54

rR = rRF + (RPM x Beta)

10 = 4 + ( 2 x 3 )
RPM = (rR - rRF) : Beta

Stock Stocks Expect STDEV Stock's Required

Return Komposisi Return
A 9.55% 33.3% 15% ### 5.5% -2.32%
B 10.45% 33.3% 15% 3.48% 5.5% -2.02%
C 12.70% 33.3% 15% 4.23% 5.5% -1.27%
Expected rP 10.90% 16.50% -5.60%
Average 3.63%

Stock A's Expect Stock B's Expect Stock B's Stock C's
Return Return Stock C's Expect Return Komposisi Stock A's Return Return Return
9.55% 10.45% 12.70% 33.3% 3.18% 3.48% 4.23%

Stock STDEV CV
Stocks Expect Porto Required Beta Stock (SD/RT)
Return Komposisi Return
A 9.55% 33.3% 15% 3.18% 1.0 4.71
B 10.45% 33.3% 15% 3.48% 1.2 4.31
C 12.70% 33.3% 15% 4.23% 1.8 3.54
sum 10.90%
Average 3.63%
Varian
STDEV
2.925E-05
0.0054083269132
 Stock A+B+C
return
10.90%

Stock A+B+C
return
10.90%

RPM
RF rR - rRF (rR - rRF)*Beta
5.5% -2.32% -2.32%
5.5% -2.02% -2.42%
5.5% -1.27% -2.28%

-0.018666666667 -0.014

1.33
Portofolio return AVERAGE RF RPM
RETURN
10.90% 3.63% 5.5% -1.40% alt 1 -1.87% 3.63%
4.05% alt 2

(S return - Komposisi X (S
RF Beta Porto S return - Porto Porto return - Porto
Return
Return)^2 Return)^2
5.5% 0.33 -0.0045 2.025E-05 6.75E-06
5.5% 0.40 -0.0015 2.25E-06 7.5E-07
5.5% 0.60 0.006 3.6E-05 1.2E-05
1.33

1.95E-05
0.44%
Year T-Bills L-T Gov. Bonds
Large
Stocks
Small Co.
Stocks
1960 2.66% 13.78% 0.19% -5.16%
1961 2.13% 0.19% 27.63% 30.48%
1962 2.72% 6.81% -8.79% -16.41%
1963 3.12% -0.49% 22.63% 12.20%
1964 3.54% 4.51% 16.67% 18.75%
1965 3.94% -0.27% 12.50% 37.67%
1966 4.77% 3.70% -10.25% -8.08%
1967 4.24% -7.41% 24.11% 103.39%
1968 5.24% -1.20% 11.00% 50.61%
1969 6.59% -6.52% -8.33% -32.27%
Average 3.90% 1.31% 8.74% 19.12%
Var 0.000186 0.003915 0.021117 0.153854
STDEV 1.36% 6.26% 14.53% 39.22%
2021 450 9200 8.69% 4.89%
2022 467.0941 9201.038 4.89% 0.038 8.69%
2023 9202.076 3.80%
2024 3.80%

9549
9912

23.06 24.97398

40,000,000,000 30%
70%

60%
18%

40%
 3.80% 1.038

8,000,000,000
12,000,000,000 1,440,000,000
28,000,000,000 6,560,000,000
23.43%
24,000,000,000
4,320,000,000
3,680,000,000
16,000,000,000
23.00%