Pembentukan Portofolio dengan Metode Z-Score: Berdasarkan Persepsi Pasar dan Kinerja Keuangan Perusahaan

Abstrak.Terdapat beberapa hal yang penting untuk dipertimbangkan dalam membentuk sebuah portofolio saham, dua diantaranya yakni penentuan kriteria pemilihan saham dan keputusan alokasi aset.Penelitian ini bertujuan untuk menawarkan metode Z-Score sebagai salah satu metode yang dapat digunakan untuk melakukan pemilihan saham ke dalam portofolio investor. Variabel-variabel yang digunakan sebagai komponen Z-Score pada penelitian ini yaitu meliputi faktor persepsi pasar serta kinerja keuangan perusahaan. Sampel pada penelitian ini adalah saham-saham perusahaan yang tercatat di pasar modal Indonesia. Data variabel diambil berdasarkan data di akhir tahun 2011 dan periode pengukuran performa portofolio yaituselama 5 tahun yaitu dari 2012 hingga 2016. Berdasarkan hasil penelitian, portofolio Z-Score yang terdiri dari portofolio value dan growth investing menghasilkan imbal hasil secara keseluruhan yang lebih besar dibandingkan IHSG namun dengan standar deviasi yang juga lebih tinggi.Katakunci: Z-Score, portofolio, persepsi pasar, kinerja keuangan, capital allocation lineAbstract. There are several important things to consider when constructing a portfolio of stocks, two of which are stock selection and determining the allocation of funds to each stock. This study aimed to provide Z-Score method as one of the methods that an investor could utilize when selecting stocks to be included in his portfolio. In using Z-Score method for stock selection, this study used several variables which include variables that represent market perception as well as variables illustrating the companies' fundamental financial performance. The samples used in this study include stocks of the companies that are listed in Indonesia Stock Exchange.The datas for each variable were gathered based on 2011 performance and the performance of the constructed portfolios was tested in 5 year time horizon, from 2012 to 2016. Based on the results, the portfolios constructed using Z-Score method, which consist of value stock portfolio and growth stock portfolio, yielded higher return but also with higher standard deviation compared to the performance of IHSG.Keywords: Z-Score, portfolio, market perception, financial performance, capital allocation lin

Pembentukan Portofolio dengan Metode Z-Score: Berdasarkan Persepsi Pasar dan Kinerja Keuangan Perusahaan

. There are several important things to consider when constructing a portfolio of stocks, two of which are stock selection and determining the allocation of funds to each stock. This study aimed to provide Z-Score method as one of the methods that an investor could utilize when selecting stocks to be included in his portfolio. In using Z-Score method for stock selection, this study used several variables which include variables that represent market perception as well as variables illustrating the companies' fundamental financial performance. The samples used in this study include stocks of the companies that are listed in Indonesia Stock Exchange.The datas for each variable were gathered based on 2011 performance and the performance of the constructed portfolios was tested in 5 year time horizon, from 2012 to 2016. Based on the results, the portfolios constructed using Z-Score method, which consist of value stock portfolio and growth stock portfolio, yielded higher return but also with higher standard deviation compared to the performance of IHSG

Pembentukan Portofolio dengan Metode Z-Score: Berdasarkan Persepsi Pasar dan Kinerja Keuangan Perusahaan

Abstrak.Terdapat beberapa hal yang penting untuk dipertimbangkan dalam membentuk sebuah portofolio saham, dua diantaranya yakni penentuan kriteria pemilihan saham dan keputusan alokasi aset.Penelitian ini bertujuan untuk menawarkan metode Z-Score sebagai salah satu metode yang dapat digunakan untuk melakukan pemilihan saham ke dalam portofolio investor. Variabel-variabel yang digunakan sebagai komponen Z-Score pada penelitian ini yaitu meliputi faktor persepsi pasar serta kinerja keuangan perusahaan. Sampel pada penelitian ini adalah saham-saham perusahaan yang tercatat di pasar modal Indonesia. Data variabel diambil berdasarkan data di akhir tahun 2011 dan periode pengukuran performa portofolio yaituselama 5 tahun yaitu dari 2012 hingga 2016. Berdasarkan hasil penelitian, portofolio Z-Score yang terdiri dari portofolio value dan growth investing menghasilkan imbal hasil secara keseluruhan yang lebih besar dibandingkan IHSG namun dengan standar deviasi yang juga lebih tinggi.Katakunci: Z-Score, portofolio, persepsi pasar, kinerja keuangan, capital allocation lineAbstract. There are several important things to consider when constructing a portfolio of stocks, two of which are stock selection and determining the allocation of funds to each stock. This study aimed to provide Z-Score method as one of the methods that an investor could utilize when selecting stocks to be included in his portfolio. In using Z-Score method for stock selection, this study used several variables which include variables that represent market perception as well as variables illustrating the companies' fundamental financial performance. The samples used in this study include stocks of the companies that are listed in Indonesia Stock Exchange.The datas for each variable were gathered based on 2011 performance and the performance of the constructed portfolios was tested in 5 year time horizon, from 2012 to 2016. Based on the results, the portfolios constructed using Z-Score method, which consist of value stock portfolio and growth stock portfolio, yielded higher return but also with higher standard deviation compared to the performance of IHSG.Keywords: Z-Score, portfolio, market perception, financial performance, capital allocation lin

Manajemen pembelajaran matematika oleh guru lulusan kependidikan dan non kependidikan : Suatu penelitian di SLTA Kota Banda Aceh

XII+131hlm.;29c

Dampak kebiasaan berbahasa Indonesia dalam keluarga terhadap prestasi belajar siswa Sekolah Dasar

VI+19hlm.;29c

Pengaruh siaran televisi terhadap kesempatan balajar dan prestasi belajar murid sekolah dasar

vi+20hlm.;29c

A Study of cohesive devices used in mini advertisements of Jawa Pos newspaper

The writer carries out a research for her thesis entitled A Study of Cohesive Devices Used In Mini Advertisements of Jawa Pos Newspaper. This thesis is limited to the mini advertisements of houses in Surabaya in Jawa Pos published on Monday, 2 September 1996. The problems which come up in this research are, what are the surface structure and the deep structure of each mini advertisement, what cohesive devices are most often used in mini advertisements, and what types of relationship occur in mini advertisements. For the analysis, she uses theory of cohesive devices by Halliday and Hasan, and the theory of deep structure and surface structure by Chomsky as the supporting theory. The writer analyzes the data by giving some explanations and also using table. After getting the findings, she makes a conclusion. In the conclusion, she finds that there are six types of mini advertisements in term of the surface structure used. She also finds mat ellipsis and substitution are the types of cohesive devices which are most often used. For the relationships which occur between sentences, reference, reference deletion, and reference substitution are the types which most often occur