Jawaban No.

1
Index High Dividend 20

Jawaban No. 2a
RETURN
No
IDX HD 20 IHSG
2018 -7.9% -2.5%
2019 -2.2% 1.7%
2020 -10.8% -5.1%
2021 5.0% 10.1%
2022 18.7% 4.1%
TTL -21% 8.3%
Better
Returrn yang lebih baik adalah IHSG

Jawaban No.2d Saham Top 10 Constituens

No Code
1 BBRI
2 TLKM
3 BBCA
4 BMRI
5 ASII
6 PTBA
7 ADRO
8 BBNI Bank Negara Indonesia (Persero) Tbk.
9 UNTR
10 INDF
Company Name
Bank Rakyat Inonesia Persero) Tbk.
Telkom Indonesia (Persero) Tbk.
Bank Central Asia Tbk.
Bank Mandiri (Persero) Tbk.
Astra International Tbk.
Bukit Asam Tbk.
Adaro Energy Indonesia Tbk.
United Tractors Tbk.
Indonesia Sukses Makmur Tbk

Jawaban No. 2e
Tanggal BBRI TLKM
2022-12-01 4940 3750
2022-11-01 4980 4040
2022-10-01 4650 4390
2022-09-01 4490 4460
2022-08-01 4340 4560
2022-07-01 4360 4230
2022-06-01 4150 4000
2022-05-01 4630 4310
2022-04-01 4870 4620
2022-03-01 4660 4580
2022-02-01 4550 4340
2022-01-01 4070 4190
2021-12-01 4110 4040
2021-11-01 4090 3990
2021-10-01 4250 3800
2021-09-01 3850 3690
2021-08-01 3572.665527 3400
2021-07-01 3710 3240
2021-06-01 3940 3150
2021-05-01 4260 3440
2021-04-01 4050 3200
2021-03-01 4400 3420
2021-02-01 4710 3490
2021-01-01 4180 3110
2020-12-01 4170 3310
2020-11-01 4090 3230
2020-10-01 3360 2620
2020-09-01 3040 2560
2020-08-01 3510 2860
2020-07-01 3160 3050
2020-06-01 3030 3050
2020-05-01 2950 3150
2020-04-01 2730 3500
2020-03-01 3020 3160
2020-02-01 4190 3490
2020-01-01 4460 3800
2019-12-01 4400 3970
2019-11-01 4090 3930
2019-10-01 4210 4110
2019-09-01 4120 4310
2019-08-01 4270 4450
2019-07-01 4480 4300
2019-06-01 4360 4140
2019-05-01 4100 3900
2019-04-01 4370 3790
2019-03-01 4110 3960
2019-02-01 3850 3860
2019-01-01 3850 3900
2018-12-01 3660 3750
2018-11-01 3620 3680
2018-10-01 3150 3850
2018-09-01 3150 3640
2018-08-01 3180 3490
2018-07-01 3070 3570
2018-06-01 2840 3750
2018-05-01 3080 3520
2018-04-01 3220 3830
 2018-03-01 3600 3600
2018-02-01 3780 4000
2018-01-01 3700 3990

Jawaban No. 3a Risk Free 4%

Jawaban No. 3b Return

BBRI 9.37%
BBCA 14.76%
BMRI 8.27%
ADRO 17.46%

ER 12.47%
Jawaban No. 3c St Dev 5.7%
Jawaban No. 3d Sharpe 1.67

Jawaban No. 4a 24%

4%
47%
25%
1
 Jawaban No. 2b Jawaban No. 2c
RISK PER
IDX HD 20 IHSG PBV

22.37% 16.67%
Better
Risk yang lebih baik adalah IHSG

BBCA BMRI ASII PTBA ADRO BBNI

8550 4962.5 5700 3690 3850 9225
9300 5262.5 6050 3800 3870 9900
8800 5275 6650 3910 3980 9400
8550 4712.5 6625 4170 3960 8975
8200 4425 6975 4250 3540 8525
7350 4137.5 6325 4300 3250 7850
7250 3962.5 6625 3820 2860 7850
7750 4250 7350 4530 3270 9175
8125 4475 7575 3820 3340 9225
7975 3950 6575 3290 2690 8250
8050 3850 5800 3140 2450 8000
7625 3737.5 5475 2850 2240 7325
7300 3512.5 5700 2710 2250 6750
7275 3500 5775 2600 1700 6800
7475 3587.5 6025 2680 1680 7000
7000 3075 5500 2760 1760 5375
6550 3050 5225 2110 1260 5400
5970 2850 4720 2230 1335 4780
6025 2950 4940 2000 1205 4630
6375 3000 5250 2210 1190 5400
6405 3087.5 5500 2370 1245 5700
6215 3075 5275 2620 1175 5725
6710 3075 5400 2710 1180 5950
6760 3287.5 6100 2580 1200 5550
6770 3162.5 6025 2810 1430 6175
6205 3162.5 5300 2360 1390 6000
5790 2887.5 5425 1960 1125 4740
5420 2480 4460 1970 1135 4440
6275 2975 5100 2040 1085 5100
6240 2900 5150 2030 1085 4600
5695 2475 4800 2020 995 4580
5190 2235 4770 1945 1100 3830
5170 2230 3850 1875 920 4100
5525 2340 3900 2180 990 3820
6290 3637.5 5525 2240 1155 7025
6480 3775 6350 2210 1225 7200
6685 3837.5 6925 2660 1555 7850
6280 3487.5 6500 2420 1230 7500
6290 3512.5 6950 2250 1310 7675
6070 3487.5 6600 2260 1290 7350
6100 3625 6675 2470 1125 7700
6190 3987.5 7000 2740 1270 8475
5995 4012.5 7450 2960 1360 9200
5820 3837.5 7450 3060 1295 8400
5750 3862.5 7625 3960 1305 9600
5510 3737.5 7300 4210 1340 9400
5515 3562.5 7150 3980 1310 8800
5635 3725 8450 4310 1390 9075
5200 3687.5 8225 4300 1215 8800
5210 3700 8550 4020 1285 8500
4730 3425 7900 4250 1650 7325
4830 3362.5 7350 4320 1835 7400
4960 3450 7250 4050 1865 7800
4655 3325 7150 4480 1905 7400
4295 3425 6600 3970 1790 7050
4540 3525 6900 3800 1885 8475
4420 3562.5 7150 3240 1835 8050
 4660 3837.5 7300 2940 2130 8675
4635 4150 8075 3170 2350 9725
4545 4075 8500 3400 2450 9400

Bobot
25%
25%
25%
25%
100%

Alternative 1 : variance Co-variance Matrix

Saham A B C D
A 0.00297 0.00284 0.00308 0.00098
B 0.00284 0.00596 0.00411 0.00411
C 0.00308 0.00411 0.00617 0.00127
D 0.00098 0.0011 0.00127 0.00385

Jawaban No. 4b ER 11.07% (Expected Return)

Jawaban No. 4c SD 4.5% (Standar Deviattion)
Jawaban No.4d SR 1.79 (Sharpe Ratio)
 7,72 PER di bawah 15 berarti di bawah standar
1,22 PBV di atas1 berarti di atas standar

UNTR INDF BBRI TLKM BBCA BMRI

26075 26075 -0.80% -7.18% -8.06% -5.70%
30800 30800 7.10% -7.97% 5.68% -0.24%
32300 32300 3.56% -1.57% 2.92% 11.94%
32825 32825 3.46% -2.19% 4.27% 6.50%
33850 33850 -0.46% 7.80% 11.56% 6.95%
32300 32300 5.06% 5.75% 1.38% 4.42%
28400 28400 -10.37% -7.19% -6.45% -6.76%
31300 31300 -4.93% -6.71% -4.62% -5.03%
30275 30275 4.51% 0.87% 1.88% 13.29%
25550 25550 2.42% 5.53% -0.93% 2.60%
24900 24900 11.79% 3.58% 5.57% 3.01%
23125 23125 -0.97% 3.71% 4.45% 6.41%
22150 22150 0.49% 1.25% 0.34% 0.36%
21350 21350 -3.76% 5.00% -2.68% -2.44%
23550 23550 10.39% 2.98% 6.79% 16.67%
26000 26000 7.76% 8.53% 6.87% 0.82%
20075 20075 -3.70% 4.94% 9.72% 7.02%
19550 19550 -5.84% 2.86% -0.91% -3.39%
20250 20250 -7.51% -8.43% -5.49% -1.67%
22550 22550 5.19% 7.50% -0.47% -2.83%
21175 21175 -7.95% -6.43% 3.06% 0.41%
22125 22125 -6.58% -2.01% -7.38% 0.00%
22550 22550 12.68% 12.22% -0.74% -6.46%
22850 22850 0.24% -6.04% -0.15% 3.95%
26600 26600 1.96% 2.48% 9.11% 0.00%
23000 23000 21.73% 23.28% 7.17% 9.52%
21125 21125 10.53% 2.34% 6.83% 16.43%
22800 22800 -13.39% -10.49% -13.63% -16.64%
23000 23000 11.08% -6.23% 0.56% 2.59%
21350 21350 4.29% 0.00% 9.57% 17.17%
16550 16550 2.71% -3.17% 9.73% 10.74%
15700 15700 8.06% -10.00% 0.39% 0.22%
16300 16300 -9.60% 10.76% -6.43% -4.70%
16900 16900 -27.92% -9.46% -12.16% -35.67%
16600 16600 -6.05% -8.16% -2.93% -3.64%
19200 19200 1.36% -4.28% -3.07% -1.63%
21525 21525 7.58% 1.02% 6.45% 10.04%
20925 20925 -2.85% -4.38% -0.16% -0.71%
21675 21675 2.18% -4.64% 3.62% 0.72%
20575 20575 -3.51% -3.15% -0.49% -3.79%
20925 20925 -4.69% 3.49% -1.45% -9.09%
24925 24925 2.75% 3.86% 3.25% -0.62%
28200 28200 6.34% 6.15% 3.01% 4.56%
25350 25350 -6.18% 2.90% 1.22% -0.65%
27175 27175 6.33% -4.29% 4.36% 3.34%
27000 27000 6.75% 2.59% -0.09% 4.91%
26500 26500 0.00% -1.03% -2.13% -4.36%
25725 25725 5.19% 4.00% 8.37% 1.02%
27350 27350 1.10% 1.90% -0.19% -0.34%
27500 27500 14.92% -4.42% 10.15% 8.03%
33500 33500 0.00% 5.77% -2.07% 1.86%
33000 33000 -0.94% 4.30% -2.62% -2.54%
34400 34400 3.58% -2.24% 6.55% 3.76%
35250 35250 8.10% -4.80% 8.38% -2.92%
31600 31600 -7.79% 6.53% -5.40% -2.84%
35050 35050 -4.35% -8.09% 2.71% -1.05%
34100 34100 -10.56% 6.39% -5.15% -7.17%
 32000 32000 -4.76% -10.00% 0.54% -7.53%
35600 35600 2.16% 0.25% 1.98% 1.84%
38900 38900
Rata-rata 0.81% 0.10% 1.23% 0.69%
Return/bln 9.73% 1.22% 14.76% 8.27%
Jawaban No. 2f BBRI BBCA BMRI

Alternative 2 : variance Co-variance Matrix

Saham A B C D Saham
A 0.00705 0.00277 0.01099 0.00374 A
B 0.00277 0.00325 0.00484 0.00484 B
C 0.01099 0.00484 0.04457 0.00488 C
D 0.00374 0.00484 0.00488 0.00609 D
ASII PTBA ADRO BBNI UNTR INDF
-5.79% -2.89% -0.52% -6.82% -15.34% -15.34%
-9.02% -2.81% -2.76% 5.32% -4.64% -4.64%
0.38% -6.24% 0.51% 4.74% -1.60% -1.60%
-5.02% -1.88% 11.86% 5.28% -3.03% -3.03%
10.28% -1.16% 8.92% 8.60% 4.80% 4.80%
-4.53% 12.57% 13.64% 0.00% 13.73% 13.73%
-9.86% -15.67% -12.54% -14.44% -9.27% -9.27%
-2.97% 18.59% -2.10% -0.54% 3.39% 3.39%
15.21% 16.11% 24.16% 11.82% 18.49% 18.49%
13.36% 4.78% 9.80% 3.13% 2.61% 2.61%
5.94% 10.18% 9.38% 9.22% 7.68% 7.68%
-3.95% 5.17% -0.44% 8.52% 4.40% 4.40%
-1.30% 4.23% 32.35% -0.74% 3.75% 3.75%
 -4.15% -2.99% 1.19% -2.86% -9.34% -9.34%
9.55% -2.90% -4.55% 30.23% -9.42% -9.42%
5.26% 30.81% 39.68% -0.46% 29.51% 29.51%
10.70% -5.38% -5.62% 12.97% 2.69% 2.69%
-4.45% 11.50% 10.79% 3.24% -3.46% -3.46%
-5.90% -9.50% 1.26% -14.26% -10.20% -10.20%
-4.55% -6.75% -4.42% -5.26% 6.49% 6.49%
4.27% -9.54% 5.96% -0.44% -4.29% -4.29%
-2.31% -3.32% -0.42% -3.78% -1.88% -1.88%
-11.48% 5.04% -1.67% 7.21% -1.31% -1.31%
1.24% -8.19% -16.08% -10.12% -14.10% -14.10%
13.68% 19.07% 2.88% 2.92% 15.65% 15.65%
-2.30% 20.41% 23.56% 26.58% 8.88% 8.88%
21.64% -0.51% -0.88% 6.76% -7.35% -7.35%
-12.55% -3.43% 4.61% -12.94% -0.87% -0.87%
-0.97% 0.49% 0.00% 10.87% 7.73% 7.73%
7.29% 0.50% 9.05% 0.44% 29.00% 29.00%
0.63% 3.86% -9.55% 19.58% 5.41% 5.41%
23.90% 3.73% 19.57% -6.59% -3.68% -3.68%
-1.28% -13.99% -7.07% 7.33% -3.55% -3.55%
-29.41% -2.68% -14.29% -45.62% 1.81% 1.81%
-12.99% 1.36% -5.71% -2.43% -13.54% -13.54%
-8.30% -16.92% -21.22% -8.28% -10.80% -10.80%
6.54% 9.92% 26.42% 4.67% 2.87% 2.87%
-6.47% 7.56% -6.11% -2.28% -3.46% -3.46%
5.30% -0.44% 1.55% 4.42% 5.35% 5.35%
-1.12% -8.50% 14.67% -4.55% -1.67% -1.67%
-4.64% -9.85% -11.42% -9.14% -16.05% -16.05%
-6.04% -7.43% -6.62% -7.88% -11.61% -11.61%
0.00% -3.27% 5.02% 9.52% 11.24% 11.24%
-2.30% -22.73% -0.77% -12.50% -6.72% -6.72%
4.45% -5.94% -2.61% 2.13% 0.65% 0.65%
2.10% 5.78% 2.29% 6.82% 1.89% 1.89%
-15.38% -7.66% -5.76% -3.03% 3.01% 3.01%
2.74% 0.23% 14.40% 3.13% -5.94% -5.94%
-3.80% 6.97% -5.45% 3.53% -0.55% -0.55%
8.23% -5.41% -22.12% 16.04% -17.91% -17.91%
7.48% -1.62% -10.08% -1.01% 1.52% 1.52%
1.38% 6.67% -1.61% -5.13% -4.07% -4.07%
1.40% -9.60% -2.10% 5.41% -2.41% -2.41%
8.33% 12.85% 6.42% 4.96% 11.55% 11.55%
-4.35% 4.47% -5.04% -16.81% -9.84% -9.84%
-3.50% 17.28% 2.72% 5.28% 2.79% 2.79%
-2.05% 10.20% -13.85% -7.20% 6.56% 6.56%
 -9.60% -7.26% -9.36% -10.80% -10.11% -10.11%
-5.00% -6.76% -4.08% 3.46% -8.48% -8.48%

-0.27% 0.63% 1.46% 0.65% -0.22% -0.22%

-3.27% 7.54% 17.46% 7.76% -2.66% -2.66%
ADRO

Alternative 3 : variance Co-variance Matrix

A B C D
0.00788 0.00487 0.00006 0.00101
0.00487 0.0118 0.0019 0.0028
0.00006 0.00412 0.00412 0.00009
0.00101 0.0028 0.00009 0.00388