ANALISIS KEPUTUSAN INVESTASI PADA SAHAM-SAHAM YANG TERDAFTAR DALAM INDEKS IDX30 DENGAN MENGGUNAKAN METODE CAPITAL ASSET PRICING MODEL (CAPM) PERIODE 2017-2019

Main Article Content

Aas Sutiastri
Erren Bustami Kleriawan

Abstract

This study aims to analyze the investment decisions making of stocks listed in IDX30 index using CAPM (Capital Asset Pricing Model) method as a basis for investment decision making for the periods of 2017-2019.


The research methodology uses is a qualitative descriptive method where the required data is obtained from the Indonesia Stock Exchange. The sampling technique uses is a purposive sampling method by selecting 30 stocks that are classified into the IDX30 index to the periods 2017-2019  resulting 10 companies as a research samples. The data analysis technique uses is the analysis of the Capital Asset Pricing Model method.


The results of this study indicate that there is a positive and linear relation between the magnitude of systematic risk and the expected rate of return. there are 5 stocks which classified as undervalued stocks, namely: BBCA, BBRI, BBNI, BMRI and ICBP. These stocks has [Ri>E(Ri)]. The investment decision take is to consider buying undervalued stocks. And there are 5 stocks which classified as overvalued stocks, namely: ASII, GGRM, HMSP, TLKM and UNVR. These stocks has [Ri<E(Ri)]. The investment decision take is to consider undervalued stocks.CAPM

Article Details

Section
Articles