RISK AND RETURN MANAGEMENT OF SHARIA STOCKS IN JAKARTA ISLAMIC INDEX FOR THE PERIOD OF 2009 – 2019 USING MARKOWITZ PORTOFOLIO MANAGEMENT

Authors

  • Widhiyo Sudiyono Universitas Muhammadiyah Malang, Indonesia

DOI:

https://doi.org/10.29040/ijebar.v5i1.1699

Abstract

To reduce risk in investment and at the same time optimize the returns, it is necessary to establish a series of stocks that have high returns, as well asto select a series of stock with negative variance to reduce the risk. In this research, an efficient frontier approach by Harry Markowitz will be applied to JII shares during the period 2009 - 2019 so that a portfolio with a low risk and optimal return can be formed to reduce risk and optimize return.

Author Biography

Widhiyo Sudiyono, Universitas Muhammadiyah Malang

Widhiyo Sudiyono is Full-Time Lecturer in Management, Faculty of Economics and Business, University of Muhammadiyah Malang, Indonesia. He earned both his undergraduate in Information Technology and his Masters of Business Management from Bandung Institute Technology (ITB), one of the best universities in Indonesia. Prior to his current career, he worked as a Marketing Supervisor at PT. XL Axiata Tbk, where he created partnership with other companies to open new modern distribution channels, created attractive handsets, modems, and laptops bundling offers, and ensured vendors’ performance and field implementation for Branding, Advertisement and Promotion. His main interest is to make a better. He has more than ten years of experience running his own business and as a business consultant in several fields, some of them are Agribusiness, Education, Finance, and Entrepreneurship. His current interests are Finance, Investing, Trading, Mathematics, Data Science, Statistics, Phyton, and Entrepreneurship.

References

[AST11] Astra AgroLestari, Annual Report 2011, www.astra-agro.co.id , 2011

[ASI11] Astra International, Annual Report 2011, www.astra.co.id , 2011

[BIS11 ] Bisnis Indonesia, Harga Komoditas Biang Keladi Target Inflasi Meleset http://www.bisnis.com/ekonomi/makro/25307-harga-komoditas-biang-keladi-target-inflasi-meleset ,2011

[BUM11 ]BUMN, Kementrian, Lonjakan Harga Pangan Picu Inflasi http://www.bumn.go.id/ptpn5/id/publikasi/berita/lonjakan-harga-pangan-picu-inflasi-implementasi-acfta-beri-efek-deflasi-pada-tahun-ini/ ,2011

[BSD11] Bumi Serpong Damai, Annual Report 2011, www.bsdcity.com , 2011

[CHA11] Chart Nexus, Chart of Indonesian Stocks, www.chartnexus.com, version 3.2.3. , 2011

[CPI11] Charoen Pokphand Indonesia, Annual Report 2011, www.cp.co.id , 2011

[ECO11] Economist, at Large, Introduction to Portfolio Theory, http://economistatlarge.com/lead-story/introduction-to-portfolio-theory , 2011

[INC11] International Nickel, Annual Report 2011, www.pt-inco.co.id , 2011

[INT11] Indocement Tunggal Perkasa, Annual Report 2011, www.indocement.co.id , 2011

[INV11] Investopedia, Efficient Frontier , www.investopedia.com , 2011

[ITM11] Indo Tambangraya Megah, Annual Report 2011, www.itmg.co.id , 2011

[KLB11] Kalbe Farma, Annual Report 2011, www.kalbe.co.id , 2011

[LSI11] London Sumatra Plantation, Annual Report 2011, www.londonsumatra.com , 2011

[PTB11] Bukit Asam, Annual Report 2011, www.ptba.co.id , 2011

[REI02] Reily, Frank and Keith Brown, Invesment Abalysis and Portfolio Management, South- Western College Pub, 2002

[SMC11] Holcim Indonesia , Annual Report 2011, www.holcim.co.id , 2011

[TIN11] Timah, Annual Report 2011, www.timah.com , 2011

[UNT11] United Tractor, Annual Report 2011, www.unitedtractors.com ,2011

[UNV11] Unilever Indonesia, Annual Report 2011, www.unilever.co.id , 2011

[WAL95] Walpole, Ronald E dan Raymondm H Myers, Ilmu Peluang dan Statistik Untuk Insinyur dan Ilmuwan, Edisi ke-4, Penerbit ITB, 1995

Downloads

Published

2021-03-19

How to Cite

Sudiyono, W. (2021). RISK AND RETURN MANAGEMENT OF SHARIA STOCKS IN JAKARTA ISLAMIC INDEX FOR THE PERIOD OF 2009 – 2019 USING MARKOWITZ PORTOFOLIO MANAGEMENT. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(1), 63–79. https://doi.org/10.29040/ijebar.v5i1.1699

Issue

Vol. 5 No. 1 (2021): IJEBAR, VOL. 5, ISSUE 01, MARCH 2021

Section

Articles

Citation Check

License

Authors who publish with IJEBAR agree to the following terms: Authors retain copyright and grant the IJEBAR right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material) the work for any purpose, even commercially with an acknowledgement of the work's authorship and initial publication in IJEBAR. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in IJEBAR. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).