List Calon Portofolo

Nama Emiten Presentase Investasi Alokasi Dana Jangka Waktu

TLKM 30% Rp 29,904,445 Jangka Panjang
BBRI 30% Rp 30,049,880 Jangka Panjang
BBCA 20% Rp 19,754,085 Jangka Panjang
KAEF 10% Rp 9,959,790 Jangka Pendek
ANTM 10% Rp 9,906,640 Jangka Pendek

Analisa Risk and Return

Nama Emiten Resiko Return Beta
TLKM Risiko Rendah Risiko Rendah 0.546559068037471
BBRI Risiko Tinggi Risiko Tinggi 1.51820112891206
BBCA Risiko Tinggi Risiko Tinggi 1.07497398886246
KAEF Risiko Tinggi Risiko Tinggi 1.90887835414531
ANTM Risiko Tinggi Risiko Tinggi 1.25601765886397

Analisa Portofolio Efisien

Nama Emiten Rm K Rekomendasi Portofolio
TLKM 3.56% Pergerakan Analisa Portofolio
4.53% Efisien
BBRI 3.56% 2.44% Tidak Efisien
BBCA 3.56% 5.00% 3.40% Tidak Efisien
4.50%
KAEF 3.56% 1.60% Tidak Efisien
4.00%
ANTM 3.56% 3.50% 3.01% Tidak Efisien
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
TLKM BBRI BBCA KAEF

Rm K
 Target Gain Capital Gain
20% Rp 5,980,889
20% Rp 6,009,976
20% Rp 3,950,817
15% Rp 1,493,969
15% Rp 1,485,996

n Analisa Portofolio

BBCA KAEF ANTM

Rm K
 1
5.00% 5.00%
5.00% 5.00%
5.00% 5.00%
5.25% 5.25%
5.50% 5.50%
5.75% 5.75%
6.00% 6.00%
6.00% 6.00%
6.00% 6.00%
6.00% 6.00%
6.00% 6.00%
6.00% 6.00%
6.00% 6.00%
6.00% 6.00%
5.75% 5.75%
5.75% 5.75%
5.50% 5.50%
5.25% 5.25%
5.25% 5.25%
4.75% 4.75%
4.50% 4.50%
4.25% 4.25%
4.25% 4.25%
4.25% 4.25%
4.25% 4.25%
4.25% 4.25%
4.25% 4.25%
4.25% 4.25%
4.25% 4.25%
4.50% 4.50%
4.75% 4.75%
4.75% 4.75%
4.75% 4.75%
4.75% 4.75%
4.75% 4.75%
4.75% 4.75%
4.75% 4.75%
4.75% 4.75%
4.75% 4.75%
4.75% 4.75%
5.00% 5.00%
5.25% 5.25%
6.50% 6.50%
6.50% 6.50%
6.75% 6.75%
6.75% 6.75%
6.75% 6.75%
7.00% 7.00%
7.25% 7.25%
7.50% 7.50%
7.50% 7.50%
7.50% 7.50%
7.50% 7.50%
7.50% 7.50%
7.50% 7.50%
7.50% 7.50%
7.50% 7.50%
7.50% 7.50%
7.50% 7.50%
7.75% 7.75%
5.71% 0.05601382
Date Adj Close
1/1/2015 5,289.247 5,289.00
2/1/2015 5,450.132 5,450.00
3/1/2015 5,518.511 5,518.00
4/1/2015 5,086.274 5,086.00
5/1/2015 5,216.224 5,216.00
6/1/2015 4,910.512 4,910.00
7/1/2015 4,802.386 4,802.00
8/1/2015 4,509.473 4,509.00
9/1/2015 4,223.783 4,223.00
10/1/2015 4,455.048 4,455.00
11/1/2015 4,446.326 4,446.00
12/1/2015 4,592.872 4,592.00
1/1/2016 4,615.026 4,615.00
2/1/2016 4,770.814 4,770.00
3/1/2016 4,845.227 4,845.00
4/1/2016 4,838.439 4,838.00
5/1/2016 4,796.727 4,796.00
6/1/2016 5,016.499 5,016.00
7/1/2016 5,215.839 5,215.00
8/1/2016 5,385.922 5,385.00
9/1/2016 5,364.645 5,364.00
10/1/2016 5,422.381 5,422.00
11/1/2016 5,148.910 5,148.00
12/1/2016 5,296.711 5,296.00
1/1/2017 5,294.103 5,294.00
2/1/2017 5,386.692 5,386.00
3/1/2017 5,568.106 5,568.00
4/1/2017 5,685.298 5,685.00
5/1/2017 5,738.155 5,738.00
6/1/2017 5,829.708 5,829.00
7/1/2017 5,840.939 5,840.00
8/1/2017 5,864.059 5,864.00
9/1/2017 5,900.854 5,900.00
10/1/2017 6,005.784 6,005.00
11/1/2017 5,952.138 5,952.00
12/1/2017 6,355.654 6,355.00
1/1/2018 6,605.631 6,605.00
2/1/2018 6,597.218 6,597.00
3/1/2018 6,188.987 6,188.00
4/1/2018 5,994.595 5,994.00
5/1/2018 5,983.587 5,983.00
6/1/2018 5,799.237 5,799.00
7/1/2018 5,936.443 5,936.00
8/1/2018 6,018.460 6,018.00
9/1/2018 5,976.553 5,976.00
10/1/2018 5,831.650 5,831.00
11/1/2018 6,056.124 6,056.00
12/1/2018 6,194.498 6,194.00
1/1/2019 6,532.969 6,532.00
2/1/2019 6,443.348 6,443.00
3/1/2019 6,468.755 6,468.00
4/1/2019 6,455.352 6,455.00
5/1/2019 6,209.117 6,209.00
6/1/2019 6,358.629 6,358.00
7/1/2019 6,390.505 6,390.00
8/1/2019 6,328.470 6,328.00
9/1/2019 6,169.102 6,169.00
10/1/2019 6,228.317 6,228.00
11/1/2019 6,011.830 6,011.00
12/1/2019 6,299.539 6,299.00
1/1/2020 null null
 Date Harga ANTM Harga IHSG Return ANTM Return IHSG Harga GEO Beta
12/1/2019 836 6,299 0.1200267917 0.047912161 1.047912161 1.256018
11/1/2019 747 6,011 -0.1572589749 -0.03484265 0.965157354
10/1/2019 886 6,228 -0.0871805441 0.009563949 1.009563949
9/1/2019 970 6,169 -0.0888262911 -0.02512642 0.974873578
8/1/2019 1,065 6,328 0.1444229529 -0.00970266 0.99029734
7/1/2019 931 6,390 0.1065398335 0.005033029 1.005033029
6/1/2019 841 6,358 0.1654656319 0.023997423 1.023997423
5/1/2019 722 6,209 -0.1619047619 -0.03810999 0.961890008
4/1/2019 861 6,455 -0.0279972906 -0.00200989 0.997990105
3/1/2019 886 6,468 -0.122970297 0.00388018 1.00388018
2/1/2019 1,010 6,443 0.0515356585 -0.01362523 0.98637477
1/1/2019 961 6,532 0.2614919884 0.054568938 1.054568938
12/1/2018 761 6,194 0.2439143931 0.022787318 1.022787318
11/1/2018 612 6,056 -0.0955969267 0.038586863 1.038586863
10/1/2018 677 5,831 -0.1952437574 -0.02426372 0.975736278
9/1/2018 841 5,976 -0.0287562074 -0.00697906 0.993020937
8/1/2018 866 6,018 -0.0491929285 0.013814016 1.013814016
7/1/2018 911 5,936 0.0281101829 0.023624763 1.023624763
6/1/2018 886 5,799 0.0288037166 -0.0307538 0.969246198
5/1/2018 861 5,983 0.0237812128 -0.00183517 0.998164831
4/1/2018 841 5,994 0.0902255639 -0.031351 0.968648998
3/1/2018 771 6,188 -0.1884271436 -0.06199788 0.938002122
2/1/2018 951 6,597 0.0437026463 -0.0012112 0.998788796
1/1/2018 911 6,605 0.4639125543 0.039339103 1.039339103
12/1/2017 622 6,355 -0.060129929 0.067708333 1.067708333
11/1/2017 662 5,952 0.0309968847 -0.00882598 0.991174022
10/1/2017 642 6,005 0.0078492936 0.01779661 1.01779661
9/1/2017 637 5,900 -0.1350984386 0.006139154 1.006139154
8/1/2017 737 5,864 0.0723645894 0.004109589 1.004109589
7/1/2017 687 5,840 -0.007083996 0.001887116 1.001887116
6/1/2017 692 5,829 -0.1033186414 0.015859184 1.015859184
5/1/2017 771 5,738 0.1152233627 0.009322779 1.009322779
4/1/2017 692 5,685 -0.0480319295 0.021012931 1.021012931
3/1/2017 727 5,568 -0.0200944032 0.033791311 1.033791311
2/1/2017 742 5,386 -0.0688182846 0.017378164 1.017378164
1/1/2017 796 5,294 -0.1060844185 -0.00037764 0.999622356
12/1/2016 891 5,296 -0.0773692387 0.028749029 1.028749029
11/1/2016 966 5,148 0.083857207 -0.05053486 0.949465142
10/1/2016 891 5,422 0.0913991669 0.010812826 1.010812826
9/1/2016 816 5,364 0.1389896735 -0.00389972 0.996100279
8/1/2016 717 5,385 -0.0944016176 0.032598274 1.032598274
7/1/2016 791 5,215 0.0965909091 0.039673046 1.039673046
6/1/2016 722 5,016 0.1154737981 0.04587156 1.04587156
5/1/2016 647 4,796 -0.1447646748 -0.00868127 0.991318727
 4/1/2016 756 4,838 0.6379385015 -0.00144479 0.998555212
3/1/2016 462 4,845 0.274634281 0.01572327 1.01572327
2/1/2016 362 4,770 0.1065974343 0.033586132 1.033586132
1/1/2016 327 4,615 0.04768 0.005008711 1.005008711
12/1/2015 313 4,592 -0.0031897927 0.032838507 1.032838507
11/1/2015 314 4,446 -0.1666666667 -0.0020202 0.997979798
10/1/2015 376 4,455 -0.0740831898 0.054937248 1.054937248
9/1/2015 406 4,223 -0.0279904306 -0.0634287 0.936571302
8/1/2015 418 4,509 0.0526315789 -0.06101624 0.938983757
7/1/2015 397 4,802 -0.3014951627 -0.02199593 0.978004073
6/1/2015 569 4,910 -0.1052880076 -0.05866564 0.941334356
5/1/2015 635 5,216 -0.0439362022 0.025560362 1.025560362
4/1/2015 665 5,086 -0.0810287611 -0.07828924 0.921710765
3/1/2015 723 5,518 -0.1392525589 0.012477064 1.012477064
2/1/2015 840 5,450 -0.0563791554 0.030440537 1.030440537
1/1/2015 890 5,289 1
monthly market return geometrich average 0.29%
Annual Market Return (Rm) 3.56%
Risk free rate (Rf) 5.71%
Perge
Cost of Equity (k) = Rf +Beta x (Rm-Rf) 3.01% 7,000
Rekomendasi Efisien 6,000
5,000

Dividen (D0) 0 4,000

Dividen Growth (g) 0 3,000
Nilai Intrinsik 0 2,000
Nilai Pasar 836
1,000
Rekomendasi Over Valued
-
1/1/2015 8/1/2015 3/1/2

f(x) = 1.2560176588639
-0.1 -0.08 -0.06 -0.04

SUMMARY OUTPUT

Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
ANOVA

Regression
Residual
Total

Intercept
X Variable 1
 Pergerakan Harga Saham ANTM vs IHSG

1/2015 8/1/2015 3/1/2016 10/1/2016 5/1/2017 12/1/2017 7/1/2018 2/1/2019 9/1/2019

Harga ANTM Harga IHSG

Risk and Return

0.8

0.6

0.4 Risk and Return

Linear (Risk and Return)
0.2

f(x) = 1.25601765886397 x + 0.005395125798771

0
-0.08 -0.06 -0.04 -0.02 0 0.02 0.04 0.06 0.08
-0.2

-0.4

gression Statistics
0.2581819024
0.0666578947
0.0502834718
0.1527345558
59
 df SS MS F Significance F
1 0.094964263127 0.0949642631 4.0708545959 0.04834601323
57 1.329687138362 0.0233278445
58 1.424651401489

Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%
0.0053951258 0.020002100632 0.26972796 0.7883436539 -0.0346583898 0.0454486414 -0.03465839
1.2560176589 0.622519485977 2.0176358928 0.0483460132 0.00944389046 2.5025914273 0.0094438905
Upper 95.0%
0.0454486414
2.5025914273
Date Harga KAEF Harga IHSG Return KAEF Return IHSG Harga GEO Beta
12/1/2019 1,250 6,299.00 -0.279538905 0.047912161 1.047912161 1.908878
11/1/2019 1,735 6,011.00 -0.373646209 -0.034842646 0.965157354
10/1/2019 2,770 6,228.00 -0.044827586 0.009563949 1.009563949
9/1/2019 2,900 6,169.00 -0.052287582 -0.025126422 0.974873578
8/1/2019 3,060 6,328.00 -0.04375 -0.00970266 0.99029734
7/1/2019 3,200 6,390.00 -0.047619048 0.005033029 1.005033029
6/1/2019 3,360 6,358.00 -0.008849558 0.023997423 1.023997423
5/1/2019 3,390 6,209.00 0.13 -0.038109992 0.961890008
4/1/2019 3,000 6,455.00 -0.159663866 -0.002009895 0.997990105
3/1/2019 3,570 6,468.00 0.119122257 0.00388018 1.00388018
2/1/2019 3,190 6,443.00 0.081355932 -0.01362523 0.98637477
1/1/2019 2,950 6,532.00 0.134615385 0.054568938 1.054568938
12/1/2018 2,600 6,194.00 0.04 0.022787318 1.022787318
11/1/2018 2,500 6,056.00 0.020408163 0.038586863 1.038586863
10/1/2018 2,450 5,831.00 -0.039215686 -0.024263722 0.975736278
9/1/2018 2,550 5,976.00 0.080508475 -0.006979063 0.993020937
8/1/2018 2,360 6,018.00 0.012875536 0.013814016 1.013814016
7/1/2018 2,330 5,936.00 -0.012711864 0.023624763 1.023624763
6/1/2018 2,360 5,799.00 -0.070866142 -0.030753802 0.969246198
5/1/2018 2,540 5,983.00 0.181395349 -0.001835169 0.998164831
4/1/2018 2,150 5,994.00 -0.01826484 -0.031351002 0.968648998
3/1/2018 2,190 6,188.00 -0.0875 -0.061997878 0.938002122
2/1/2018 2,400 6,597.00 -0.016393443 -0.001211204 0.998788796
1/1/2018 2,440 6,605.00 -0.096296296 0.039339103 1.039339103
12/1/2017 2,700 6,355.00 0.189427313 0.067708333 1.067708333
11/1/2017 2,270 5,952.00 -0.180505415 -0.008825978 0.991174022
10/1/2017 2,770 6,005.00 0.010948905 0.01779661 1.01779661
9/1/2017 2,740 5,900.00 -0.156923077 0.006139154 1.006139154
8/1/2017 3,250 5,864.00 0.015625 0.004109589 1.004109589
7/1/2017 3,200 5,840.00 0.107266436 0.001887116 1.001887116
6/1/2017 2,890 5,829.00 0.047101449 0.015859184 1.015859184
5/1/2017 2,760 5,738.00 0.126530612 0.009322779 1.009322779
4/1/2017 2,450 5,685.00 0.364902507 0.021012931 1.021012931
3/1/2017 1,795 5,568.00 0.025714286 0.033791311 1.033791311
2/1/2017 1,750 5,386.00 -0.142156863 0.017378164 1.017378164
1/1/2017 2,040 5,294.00 -0.258181818 -0.000377644 0.999622356
12/1/2016 2,750 5,296.00 0.007326007 0.028749029 1.028749029
11/1/2016 2,730 5,148.00 0.258064516 -0.050534858 0.949465142
10/1/2016 2,170 5,422.00 -0.12145749 0.010812826 1.010812826
9/1/2016 2,470 5,364.00 -0.17114094 -0.003899721 0.996100279
8/1/2016 2,980 5,385.00 1.393574297 0.032598274 1.032598274
7/1/2016 1,245 5,215.00 0.077922078 0.039673046 1.039673046
6/1/2016 1,155 5,016.00 -0.029411765 0.04587156 1.04587156
5/1/2016 1,190 4,796.00 -0.012448133 -0.008681273 0.991318727
 4/1/2016 1,205 4,838.00 -0.051181102 -0.001444788 0.998555212
3/1/2016 1,270 4,845.00 0.181395349 0.01572327 1.01572327
2/1/2016 1,075 4,770.00 0.023809524 0.033586132 1.033586132
1/1/2016 1,050 4,615.00 0.206896552 0.005008711 1.005008711
12/1/2015 870 4,592.00 -0.103092784 0.032838507 1.032838507
11/1/2015 970 4,446.00 0.121387283 -0.002020202 0.997979798
10/1/2015 865 4,455.00 0.3515625 0.054937248 1.054937248
9/1/2015 640 4,223.00 -0.085714286 -0.063428698 0.936571302
8/1/2015 700 4,509.00 -0.292929293 -0.061016243 0.938983757
7/1/2015 990 4,802.00 -0.005025126 -0.021995927 0.978004073
6/1/2015 995 4,910.00 -0.111607143 -0.058665644 0.941334356
5/1/2015 1,120 5,216.00 -0.089430894 0.025560362 1.025560362
4/1/2015 1,230 5,086.00 -0.064638783 -0.078289235 0.921710765
3/1/2015 1,315 5,518.00 -0.08041958 0.012477064 1.012477064
2/1/2015 1,430 5,450.00 0.067164179 0.030440537 1.030440537
1/1/2015 1,340 5,289.00 1
monthly market return geometrich average 0.29%
Annual Market Return (Rm) 3.56% Pergerakan
Risk free rate (Rf) 5.71% 7,000
Cost of Equity (k) = Rf +Beta x (Rm-Rf) 1.60%
6,000
Rekomendasi Efisien
5,000
4,000
Dividen (D0) 14.98 3,000
Dividen Growth (g) 20%
2,000
Nilai Intrinsik 1,123
Nilai Pasar 1,250 1,000
Rekomendasi Over Valued -
1/1/2015 8/1/2015 3/1/20

f(x) = 1.9088783541453
-0.1 -0.08 -0.06 -0.04

SUMMARY OUTPUT

Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations

ANOVA
Regression
Residual
Total

Intercept
X Variable 1
 Pergerakan harga Saham KAEF vs IHSG

/2015 8/1/2015 3/1/2016 10/1/2016 5/1/2017 12/1/2017 7/1/2018 2/1/2019 9/1/2019

Harga KAEF Harga IHSG

Risk and Return

1.5

1
Risk and Return
Linear (Risk and Return)
0.5

f(x) = 1.90887835414531 x + 0.01147660412081

0
-0.08 -0.06 -0.04 -0.02 0 0.02 0.04 0.06 0.08

-0.5

gression Statistics
0.2653642128
0.0704181654
0.0541097122
0.2253858476
59

df SS MS F Significance F
 1 0.219343726975 0.219343727 4.3178935721 0.04222810331
57 2.895530477693 0.0507987803
58 3.114874204668

Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%
0.0114766041 0.029516505822 0.3888198756 0.6988580751 -0.0476291793 0.0705823875 -0.0476291793
1.9088783541 0.918633516065 2.0779541795 0.0422281033 0.06934646848 3.7484102398 0.0693464685
Upper 95.0%
0.0705823875
3.7484102398
Date Harga BBRI Harga IHSG Return BBRI Return IHSG Harga GEO Beta
12/1/2019 4,234.00 6,299.00 0.075711382 0.047912161 1.047912161 1.518201
11/1/2019 3,936.00 6,011.00 -0.02838805 -0.03484265 0.9651573539
10/1/2019 4,051.00 6,228.00 0.021689786 0.009563949 1.0095639488
9/1/2019 3,965.00 6,169.00 -0.03504502 -0.02512642 0.9748735777
8/1/2019 4,109.00 6,328.00 -0.04685688 -0.00970266 0.9902973396
7/1/2019 4,311.00 6,390.00 0.027407054 0.005033029 1.0050330293
6/1/2019 4,196.00 6,358.00 0.101312336 0.023997423 1.0239974231
5/1/2019 3,810.00 6,209.00 -0.06180744 -0.03810999 0.9618900077
4/1/2019 4,061.00 6,455.00 0.063367374 -0.00200989 0.9979901051
3/1/2019 3,819.00 6,468.00 0.067356065 0.00388018 1.00388018
2/1/2019 3,578.00 6,443.00 0 -0.01362523 0.9863747704
1/1/2019 3,578.00 6,532.00 0.052043517 0.054568938 1.0545689377
12/1/2018 3,401.00 6,194.00 0.010998811 0.022787318 1.0227873184
11/1/2018 3,364.00 6,056.00 0.149299624 0.038586863 1.0385868633
10/1/2018 2,927.00 5,831.00 0 -0.02426372 0.9757362784
9/1/2018 2,927.00 5,976.00 -0.00947547 -0.00697906 0.9930209372
8/1/2018 2,955.00 6,018.00 0.03575184 0.013814016 1.0138140162
7/1/2018 2,853.00 5,936.00 0.081091322 0.023624763 1.0236247629
6/1/2018 2,639.00 5,799.00 -0.07791754 -0.0307538 0.9692461976
5/1/2018 2,862.00 5,983.00 -0.01412332 -0.00183517 0.9981648315
4/1/2018 2,903.00 5,994.00 -0.10566852 -0.031351 0.9686489981
3/1/2018 3,246.00 6,188.00 -0.04781461 -0.06199788 0.9380021222
2/1/2018 3,409.00 6,597.00 0.021882494 -0.0012112 0.9987887964
1/1/2018 3,336.00 6,605.00 0.016453382 0.039339103 1.0393391031
12/1/2017 3,282.00 6,355.00 0.134070491 0.067708333 1.0677083333
11/1/2017 2,894.00 5,952.00 0.028794881 -0.00882598 0.9911740216
10/1/2017 2,813.00 6,005.00 0.021052632 0.01779661 1.0177966102
9/1/2017 2,755.00 5,900.00 0.009897361 0.006139154 1.0061391542
8/1/2017 2,728.00 5,864.00 0.024024024 0.004109589 1.004109589
7/1/2017 2,664.00 5,840.00 -0.03127273 0.001887116 1.0018871161
6/1/2017 2,750.00 5,829.00 0.053639847 0.015859184 1.0158591844
5/1/2017 2,610.00 5,738.00 0.122098022 0.009322779 1.0093227792
4/1/2017 2,326.00 5,685.00 0.186734694 0.021012931 1.021012931
3/1/2017 1,960.00 5,568.00 0.085872576 0.033791311 1.0337913108
2/1/2017 1,805.00 5,386.00 0.019198193 0.017378164 1.017378164
1/1/2017 1,771.00 5,294.00 0.00453772 -0.00037764 0.9996223565
12/1/2016 1,763.00 5,296.00 0.071081409 0.028749029 1.0287490287
11/1/2016 1,646.00 5,148.00 -0.10689094 -0.05053486 0.949465142
10/1/2016 1,843.00 5,422.00 0 0.010812826 1.0108128262
9/1/2016 1,843.00 5,364.00 0.047159091 -0.00389972 0.9961002786
8/1/2016 1,760.00 5,385.00 0.010913268 0.032598274 1.0325982742
7/1/2016 1,741.00 5,215.00 0.067443286 0.039673046 1.0396730463
6/1/2016 1,631.00 5,016.00 0.043506078 0.04587156 1.0458715596
5/1/2016 1,563.00 4,796.00 0.157777778 -0.00868127 0.9913187267
4/1/2016 1,350.00 4,838.00 -0.09395973 -0.00144479 0.9985552116
3/1/2016 1,490.00 4,845.00 0.031141869 0.01572327 1.0157232704
 2/1/2016 1,445.00 4,770.00 -0.01297814 0.033586132 1.0335861322
1/1/2016 1,464.00 4,615.00 -0.01744966 0.005008711 1.0050087108
12/1/2015 1,490.00 4,592.00 0.060498221 0.032838507 1.0328385065
11/1/2015 1,405.00 4,446.00 0.023306628 -0.0020202 0.997979798
10/1/2015 1,373.00 4,455.00 0.217198582 0.054937248 1.0549372484
9/1/2015 1,128.00 4,223.00 -0.18614719 -0.0634287 0.9365713018
8/1/2015 1,386.00 4,509.00 0.062883436 -0.06101624 0.9389837568
7/1/2015 1,304.00 4,802.00 -0.03407407 -0.02199593 0.9780040733
6/1/2015 1,350.00 4,910.00 -0.12109375 -0.05866564 0.9413343558
5/1/2015 1,536.00 5,216.00 0.013192612 0.025560362 1.0255603618
4/1/2015 1,516.00 5,086.00 -0.01366298 -0.07828924 0.9217107648
3/1/2015 1,537.00 5,518.00 0.030851777 0.012477064 1.0124770642
2/1/2015 1,491.00 5,450.00 0.102810651 0.030440537 1.030440537
1/1/2015 1,352.00 5,289.00 1
monthly market return geometrich average 0.29%
Annual Market Return (Rm) 3.56%
Risk free rate (Rf) 5.71%
Cost of Equity (k) = Rf +Beta x (Rm-Rf) 2.44%
Rekomendasi Efisien

Dividen (D0) 132.17

Dividen Growth (g) -2%
Nilai Intrinsik 5,306
Nilai Pasar 4,234
Rekomendasi Under Valued
 Pergerakan Saham BBRI vs IHSG
7,000.00
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
-
1/1/2015 9/1/2015 5/1/2016 1/1/2017 9/1/2017 5/1/2018 1/1/2019 9/1/2019

Harga BBRI Harga IHSG

Risk and Return

0.25
0.2
0.15
0.1
f(x) = 1.51820112891206 x + 0.016908214875262 Risk and Return
0.05 Linear (Risk and Return)
0
-0.1 -0.08 -0.06 -0.04 -0.02-0.05 0 0.02 0.04 0.06 0.08
-0.1
-0.15
-0.2
-0.25

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.660819763503
R Square 0.436682759836
Adjusted R Squ 0.426800001237
Standard Error 0.056036336739
Observations 59

ANOVA
df SS MS F Significance F
Regression 1 0.1387481918 0.1387481918 44.1863226189 1.228671E-08
Residual 57 0.178984049 0.003140071
Total 58 0.3177322408

Coefficients Standard Error t Stat P-value Lower 95% Upper 95%

Intercept 0.016908214875 0.0073385125 2.3040384384 0.02488682916 0.0022130971 0.0316033327
X Variable 1 1.518201128912 0.2283943628 6.6472793396 1.2286713E-08 1.0608493064 1.9755529515
9 9/1/2019

nd Return
(Risk and Return)
Lower 95.0% Upper 95.0%
0.0022130971 0.031603
1.0608493064 1.975553
 Date Harga TLKM Harga IHSG Return TLKM Return IHSG Harga GEO BETA
12/1/2019 3777 6,299 0.0101631452 0.047912161 1.047912161 0.546559
11/1/2019 3739 6,011 -0.043734015 -0.03484265 0.965157354
10/1/2019 3910 6,228 -0.046574006 0.009563949 1.009563949
9/1/2019 4101 6,169 -0.031412376 -0.02512642 0.974873578
8/1/2019 4234 6,328 0.0349547788 -0.00970266 0.99029734
7/1/2019 4091 6,390 0.053024453 0.005033029 1.005033029
6/1/2019 3885 6,358 0.0614754098 0.023997423 1.023997423
5/1/2019 3660 6,209 0.0289569862 -0.03810999 0.961890008
4/1/2019 3557 6,455 -0.042787944 -0.00200989 0.997990105
3/1/2019 3716 6,468 0.0256693348 0.00388018 1.00388018
2/1/2019 3623 6,443 -0.01010929 -0.01362523 0.98637477
1/1/2019 3660 6,532 0.0400682012 0.054568938 1.054568938
12/1/2018 3519 6,194 0.0188187609 0.022787318 1.022787318
11/1/2018 3454 6,056 -0.04400775 0.038586863 1.038586863
10/1/2018 3613 5,831 0.0576697892 -0.02426372 0.975736278
9/1/2018 3416 5,976 0.0430534351 -0.00697906 0.993020937
8/1/2018 3275 6,018 -0.02238806 0.013814016 1.013814016
7/1/2018 3350 5,936 -0.048025007 0.023624763 1.023624763
6/1/2018 3519 5,799 0.0748320098 -0.0307538 0.969246198
5/1/2018 3274 5,983 -0.081111423 -0.00183517 0.998164831
4/1/2018 3563 5,994 0.0638996715 -0.031351 0.968648998
3/1/2018 3349 6,188 -0.099973126 -0.06199788 0.938002122
2/1/2018 3721 6,597 0.002424569 -0.0012112 0.998788796
1/1/2018 3712 6,605 -0.101210654 0.039339103 1.039339103
12/1/2017 4130 6,355 0.0699481865 0.067708333 1.067708333
11/1/2017 3860 5,952 0.0296078954 -0.00882598 0.991174022
10/1/2017 3749 6,005 -0.138952687 0.01779661 1.01779661
9/1/2017 4354 5,900 -0.002062801 0.006139154 1.006139154
8/1/2017 4363 5,864 0 0.004109589 1.004109589
7/1/2017 4363 5,840 0.0375743163 0.001887116 1.001887116
6/1/2017 4205 5,829 0.0392980722 0.015859184 1.015859184
5/1/2017 4046 5,738 -0.004674047 0.009322779 1.009322779
4/1/2017 4065 5,685 0.0580426861 0.021012931 1.021012931
3/1/2017 3842 5,568 0.0728846691 0.033791311 1.033791311
2/1/2017 3581 5,386 -0.005277778 0.017378164 1.017378164
1/1/2017 3600 5,294 -0.027552674 -0.00037764 0.999622356
12/1/2016 3702 5,296 0.0529010239 0.028749029 1.028749029
11/1/2016 3516 5,148 -0.104431992 -0.05053486 0.949465142
10/1/2016 3926 5,422 -0.020703417 0.010812826 1.010812826
9/1/2016 4009 5,364 0.0237487232 -0.00389972 0.996100279
8/1/2016 3916 5,385 -0.004828463 0.032598274 1.032598274
7/1/2016 3935 5,215 0.0629389519 0.039673046 1.039673046
6/1/2016 3702 5,016 0.0755374782 0.04587156 1.04587156
5/1/2016 3442 4,796 0.0423985463 -0.00868127 0.991318727
4/1/2016 3302 4,838 0.0675719366 -0.00144479 0.998555212
3/1/2016 3093 4,845 0.0231558055 0.01572327 1.01572327
 2/1/2016 3023 4,770 -0.027035726 0.033586132 1.033586132
1/1/2016 3107 4,615 0.0758310249 0.005008711 1.005008711
12/1/2015 2888 4,592 0.0598165138 0.032838507 1.032838507
11/1/2015 2725 4,446 0.0930605696 -0.0020202 0.997979798
10/1/2015 2493 4,455 0.0134146341 0.054937248 1.054937248
9/1/2015 2460 4,223 -0.078651685 -0.0634287 0.936571302
8/1/2015 2670 4,509 -0.023765996 -0.06101624 0.938983757
7/1/2015 2735 4,802 0.0036697248 -0.02199593 0.978004073
6/1/2015 2725 4,910 0.029856387 -0.05866564 0.941334356
5/1/2015 2646 5,216 0.0879934211 0.025560362 1.025560362
4/1/2015 2432 5,086 -0.095238095 -0.07828924 0.921710765
3/1/2015 2688 5,518 -0.015384615 0.012477064 1.012477064
2/1/2015 2730 5,450 0.0372340426 0.030440537 1.030440537
1/1/2015 2632 5,289 1
monthly market return geometrich average 0.29%
Annual Market Return (Rm) 3.56%
Risk free rate (Rf) 5.71% Pergeraka
Cost of Equity (k) = Rf +Beta x (Rm-Rf) 4.53%
7000
Rekomendasi Tidak Efisien
6000
5000
Dividen (D0) 154.07 4000
Dividen Growth (g) 16%
3000
Nilai Intrinsik 3,942
Nilai Pasar 3777 2000
Rekomendasi Under Valued 1000
0
1/1/2015 7/1/2015 1/1/2016

f(x) = 0.5465590680374

-0.1 -0.08 -0.06 -0.04

SUMMARY OUTPUT

Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations

ANOVA

Regression
Residual
Total

Intercept
X Variable 1
 Pergerakan Harga TLKM dan IHSG

2015 7/1/2015 1/1/2016 7/1/2016 1/1/2017 7/1/2017 1/1/2018 7/1/2018 1/1/2019 7/1/2019

Harga TLKM Harga IHSG

Risk and Return

0.15

0.1

0.05
f(x) = 0.546559068037471 x + 0.005751491089364 Risk and Return
0 Linear (Risk and Return)
-0.08 -0.06 -0.04 -0.02 0 0.02 0.04 0.06 0.08
-0.05

-0.1

-0.15

-0.2

gression Statistics
0.3204136344
0.1026648971
0.086922176
0.0525110101
59

df SS MS F Significance F
1 0.017982204 0.017982204 6.5214200538 0.01335744793
 57 0.157172152622 0.0027574062
58 0.175154356622

Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%
0.0057514911 0.006876836114 0.8363571552 0.4064466079 -0.0080191357 0.0195221179 -0.0080191357
0.546559068 0.21402574469 2.5537071198 0.0133574479 0.1179799069 0.9751382292 0.1179799069
Upper 95.0%
0.0195221179
0.9751382292
 Date Harga BBCA Harga IHSG Return BBCA Return IHSG Harga GEO BETA
### 32753 6,299 0.06448048360363 0.047912161 1.047912161 1.074974
### 30769 6,011 -0.0015899798819 -0.03484265 0.965157354
### 30818 6,228 0.03624747814391 0.009563949 1.009563949
### 29740 6,169 -0.0049185264496 -0.02512642 0.974873578
### 29887 6,328 -0.014541018201 -0.00970266 0.99029734
### 30328 6,390 0.03254800490263 0.005033029 1.005033029
### 29372 6,358 0.03005435735578 0.023997423 1.023997423
### 28515 6,209 0.02142063975356 -0.03810999 0.961890008
### 27917 6,455 0.04358715562035 -0.00200989 0.997990105
### 26751 6,468 -0.000933671945 0.00388018 1.00388018
### 26776 6,443 -0.0212734849039 -0.01362523 0.98637477
### 27358 6,532 0.08718804641551 0.054568938 1.054568938
### 25164 6,194 -0.001903855307 0.022787318 1.022787318
### 25212 6,056 0.10148979859321 0.038586863 1.038586863
### 22889 5,831 -0.0207076541308 -0.02426372 0.975736278
### 23373 5,976 -0.0262061494875 -0.00697906 0.993020937
### 24002 6,018 0.0655242830507 0.013814016 1.013814016
### 22526 5,936 0.08381447267129 0.023624763 1.023624763
### 20784 5,799 -0.0539827036868 -0.0307538 0.969246198
### 21970 5,983 0.03495383455813 -0.00183517 0.998164831
### 21228 5,994 -0.0514745308311 -0.031351 0.968648998
### 22380 6,188 0.00539083557951 -0.06199788 0.938002122
### 22260 6,597 0.0197910940077 -0.0012112 0.998788796
### 21828 6,605 0.03769907297362 0.039339103 1.039339103
### 21035 6,355 0.08021362912751 0.067708333 1.067708333
### 19473 5,952 -0.0263013150658 -0.00882598 0.991174022
### 19999 6,005 0.02954954954955 0.01779661 1.01779661
### 19425 5,900 0.07125130976672 0.006139154 1.006139154
### 18133 5,864 0.01335643232368 0.004109589 1.004109589
### 17894 5,840 0.03028558268079 0.001887116 1.001887116
### 17368 5,829 0.05831454512217 0.015859184 1.015859184
### 16411 5,738 -0.018950263032 0.009322779 1.009322779
### 16728 5,685 0.07251394498942 0.021012931 1.021012931
### 15597 5,568 0.07114895954948 0.033791311 1.033791311
### 14561 5,386 0.00984811706776 0.017378164 1.017378164
### 14419 5,294 -0.0080489818382 -0.00037764 0.999622356
### 14536 5,296 0.08388636194169 0.028749029 1.028749029
### 13411 5,148 -0.0789148351648 -0.05053486 0.949465142
### 14560 5,422 -0.0111382776419 0.010812826 1.010812826
### 14724 5,364 0.04321949837041 -0.00389972 0.996100279
### 14114 5,385 0.04146989374262 0.032598274 1.032598274
### 13552 5,215 0.08450704225352 0.039673046 1.039673046
### 12496 5,016 0.0249343832021 0.04587156 1.04587156
### 12192 4,796 0.00428336079077 -0.00868127 0.991318727
### 12140 4,838 -0.018831326275 -0.00144479 0.998555212
### 12373 4,845 -0.0129238133227 0.01572327 1.01572327
### 12535 4,770 0.02855501764175 0.033586132 1.033586132
### 12187 4,615 -0.0150327325628 0.005008711 1.005008711
### 12373 4,592 0.07938585012649 0.032838507 1.032838507
### 11463 4,446 -0.0407531380753 -0.0020202 0.997979798
### 11950 4,455 0.05091900448509 0.054937248 1.054937248
### 11371 4,223 -0.0484518828452 -0.0634287 0.936571302
### 11950 4,509 -0.0152451586321 -0.06101624 0.938983757
### 12135 4,802 -0.0295881647341 -0.02199593 0.978004073
### 12505 4,910 -0.0442525221645 -0.05866564 0.941334356
### 13084 5,216 0.05516129032258 0.025560362 1.025560362
### 12400 5,086 -0.0911089936231 -0.07828924 0.921710765
### 13643 5,518 0.05148362235067 0.012477064 1.012477064
### 12975 5,450 0.05419239519012 0.030440537 1.030440537
### 12308 5,289 1
monthly market return geometrich average 0.29% Perg
Annual Market Return (Rm) 3.56%
Risk free rate (Rf) 5.71% 35000
Cost of Equity (k) = Rf +Beta x (Rm-Rf) 3.40% 30000
Rekomendasi Efisien
25000

20000
Dividen (D0) 355.00
15000
Dividen Growth (g) 24%
Nilai Intrinsik 12,964 10000
Nilai Pasar 32753 5000
Rekomendasi Over Valued
0
01/01/2015 01/10/2015 01/

f(x) = 1.074973988862

- - -

SUMMARY OUTPUT

Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations

ANOVA
Regression
Residual
Total

Intercept
X Variable 1
 Pergerakan Harga BBCA vs IHSG

/2015 01/10/2015 01/07/2016 01/04/2017 01/01/2018 01/10/2018 01/07/2019

Harga BBCA Harga IHSG

Risk and Return BBCA

0.1
f(x) = 1.07497398886246 x + 0.013979594595674

0 Risk and Return

BBCA
- - - - 0 Linear (Risk and
- Return BBCA)

gression Statistics
0.7659854389
0.5867336926
0.5794834065
0.0293183395
59

df SS MS F Significance F
 1 0.069560808875 0.069561 80.92559 1.5681544E-12
57 0.04899520684 0.00086
58 0.118556015716

Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%
0.0139795946 0.00383952652 3.640968 0.000587 0.00629107536 0.0216681138 0.0062910754
1.0749739889 0.119496452875 8.995865 1.568E-12 0.83568646947 1.3142615083 0.8356864695
Upper 95.0%
0.0216681138
1.3142615083
bbri
2015 2016 2017 2018 2019
294.8 311.66 428.61 106.75 132.17

6% 38% -75% 24% -2%

KAEF
2015 2016 2017 2018 2019
8.45 8.96 9.63 17.66 14.98

6% 7% 83% -15% 20%

ANTM
2015 2016 2017 2018 2019
371.00 0 0 1.99 12.74

-100% 0% 0% 540% 0%