BETA PT KINO INDONESIA Tbk.

SELAMA EMPAT BULAN

TERAKHIR PERIODE (21 JANUARI 2019 – 21 MEI 2019)

Untuk memenuhi tugas

Mata Kuliah Manajemen Investasi

Dosen Pengampu : Muhamad Syaichu, S.E., M.Si.

ROCHMAD KRISTIAWAN

12010116130155

Kelas A

S-1 MANAJEMEN

FAKULTAS EKONOMIKA DAN BISNIS

UNIVERSITAS DIPONEGORO

2019
 IHSG JKCONS PT KINO INDONESIA Tbk.
Tanggal Harga Penutupan Retuns Tanggal Harga Penutupan Returns
1/21/2019 2599.51001 0.007385988 1/21/2019 3050 0
1/22/2019 2618.709961 -0.003200004 1/22/2019 3050 -0.00984
1/23/2019 2610.330078 0.003444005 1/23/2019 3020 0.003311
1/24/2019 2619.320068 0.003710876 1/24/2019 3030 0.016502
1/25/2019 2629.040039 -0.006180963 1/25/2019 3080 -0.01623
1/28/2019 2612.790039 -0.000405719 1/28/2019 3030 -0.0033
1/29/2019 2611.72998 0.012520418 1/29/2019 3020 -0.00662
1/30/2019 2644.429932 0.006175273 1/30/2019 3000 -0.00333
1/31/2019 2660.76001 -0.004833246 1/31/2019 2990 0
2/1/2019 2647.899902 -0.014721093 2/1/2019 2990 -0.02676
2/4/2019 2608.919922 0.009045927 2/4/2019 2910 0.010309
2/6/2019 2632.52002 -0.002757818 2/6/2019 2940 0.034014
2/7/2019 2625.26001 0.004765246 2/7/2019 3040 0.013158
2/8/2019 2637.77002 -0.008033279 2/8/2019 3080 -0.01299
2/11/2019 2616.580078 0.003412826 2/11/2019 3040 -0.04276
2/12/2019 2625.51001 -0.001546389 2/12/2019 2910 -0.01031
2/13/2019 2621.449951 0.002883923 2/13/2019 2880 0.010417
2/14/2019 2629.01001 -0.009269693 2/14/2019 2910 -0.00687
2/15/2019 2604.639893 0.020670837 2/15/2019 2890 -0.02422
2/18/2019 2658.47998 -0.000771135 2/18/2019 2820 -0.01418
2/19/2019 2656.429932 0.00144935 2/19/2019 2780 -0.00719
2/20/2019 2660.280029 -0.002184002 2/20/2019 2760 -0.02174
2/21/2019 2654.469971 -0.006166908 2/21/2019 2700 0.037037
2/22/2019 2638.100098 -0.003999109 2/22/2019 2800 -0.02857
2/25/2019 2627.550049 0.01386841 2/25/2019 2720 0
2/26/2019 2663.98999 -0.000957229 2/26/2019 2720 -0.00735
2/27/2019 2661.439941 -0.0092393 2/27/2019 2700 0.033333
2/28/2019 2636.850098 0.023565955 2/28/2019 2790 -0.02509
3/1/2019 2698.98999 -0.000318677 3/1/2019 2720 0.022059
3/4/2019 2698.129883 -0.014291312 3/4/2019 2780 0
3/5/2019 2659.570068 0.002481549 3/5/2019 2780 -0.02878
3/6/2019 2666.169922 -0.008439072 3/6/2019 2700 -0.01852
3/8/2019 2643.669922 0.001997235 3/8/2019 2650 -0.04528
3/11/2019 2648.949951 0.005511655 3/11/2019 2530 -0.03162
3/12/2019 2663.550049 0.00906681 3/12/2019 2450 -0.00408
3/13/2019 2687.699951 -0.005194018 3/13/2019 2440 -0.02049
3/14/2019 2673.73999 0.003500755 3/14/2019 2390 0
3/15/2019 2683.100098 0.002202643 3/15/2019 2390 -0.00837
3/18/2019 2689.01001 -0.010033425 3/18/2019 2370 0.004219
3/19/2019 2662.030029 0.002077373 3/19/2019 2380 -0.01681
3/20/2019 2667.560059 -0.003186432 3/20/2019 2340 0.012821
3/21/2019 2659.060059 0.001654683 3/21/2019 2370 -0.00422
3/22/2019 2663.459961 -0.027700822 3/22/2019 2360 -0.0339
3/25/2019 2589.679932 0.012032435 3/25/2019 2280 0.052632
3/26/2019 2620.840088 -0.005013712 3/26/2019 2400 0.0125
3/27/2019 2607.699951 0.00449821 3/27/2019 2430 -0.00412
3/28/2019 2619.429932 -0.007337463 3/28/2019 2420 -0.00826
3/29/2019 2600.209961 -0.0036651 3/29/2019 2400 0.029167
4/1/2019 2590.679932 0.005338397 4/1/2019 2470 0.012146
4/2/2019 2604.51001 -0.005836012 4/2/2019 2500 -0.04
4/4/2019 2589.310059 -0.006897632 4/4/2019 2400 -0.02917
4/5/2019 2571.449951 -0.012351012 4/5/2019 2330 -0.00429
4/8/2019 2539.689941 0.006737085 4/8/2019 2320 0.047414
4/9/2019 2556.800049 -0.001791332 4/9/2019 2430 0.00823
4/10/2019 2552.219971 -0.014591215 4/10/2019 2450 0
4/11/2019 2514.97998 0.010787413 4/11/2019 2450 0.008163
4/12/2019 2542.110107 0.007639292 4/12/2019 2470 -0.01619
4/15/2019 2561.530029 0.008116258 4/15/2019 2430 0.037037
4/16/2019 2582.320068 -0.013960333 4/16/2019 2520 0.007937
4/18/2019 2546.27002 -0.027663972 4/18/2019 2540 0.023622
4/22/2019 2475.830078 0.01254117 4/22/2019 2600 0.019231
4/23/2019 2506.879883 -0.000279212 4/23/2019 2650 -0.00755
4/24/2019 2506.179932 -0.021542743 4/24/2019 2630 -0.01141
4/25/2019 2452.189941 0.001207068 4/25/2019 2600 0.007692
4/26/2019 2455.149902 0.008712355 4/26/2019 2620 -0.00763
4/29/2019 2476.540039 0.014968491 4/29/2019 2600 -0.00385
4/30/2019 2513.610107 -0.016382881 4/30/2019 2590 0.003861
5/2/2019 2472.429932 -0.009310687 5/2/2019 2600 -0.01154
5/3/2019 2449.409912 0.003539696 5/3/2019 2570 -0.00389
5/6/2019 2458.080078 0.001387226 5/6/2019 2560 0.015625
5/7/2019 2461.48999 -4.47318E-05 5/7/2019 2600 0.015385
5/8/2019 2461.379883 0.006110409 5/8/2019 2640 -0.01894
5/9/2019 2476.419922 0.004409658 5/9/2019 2590 -0.00386
5/10/2019 2487.340088 -0.010854969 5/10/2019 2580 0.027132
5/13/2019 2460.340088 -0.011547248 5/13/2019 2650 -0.03396
5/14/2019 2431.929932 -0.013964202 5/14/2019 2560 -0.03906
5/15/2019 2397.969971 -0.009720747 5/15/2019 2460 -0.00813
5/16/2019 2374.659912 -0.011837427 5/16/2019 2440 0.02459
5/17/2019 2346.550049 0.005471796 5/17/2019 2500 -0.016
5/20/2019 2359.389893 5/20/2019 2460
Beta = 0.032782 (menggunakan excel)

0.06

0.04

0.02
IHSG

0
-0.04 -0.03 -0.02 -0.01 0 0.01 0.02 0.03

-0.02

-0.04

-0.06
KINO

Cara Manual :
E(R) IHSG = Total Returns / Jumlah Data
= -0.093133579 / 79
= -0.001178906
E(R) KINO = Total Returns / Jumlah Data
= -0.19774/ 79
= -0.0025

𝞂 KINO = √∑𝑛𝑖=79(R KINO − E(R) KINO)2

= √0,0033932494
= 0.184207747

𝑛 [𝑅 𝐼𝐻𝑆𝐺−𝐸(𝑅)𝐼𝐻𝑆𝐺][𝑅 𝐾𝐼𝑁𝑂−𝐸(𝑅)𝐾𝐼𝑁𝑂]
COV IHSG,KINO = ∑𝑖=79
𝑛
= 0.001112358

Beta = COV IHSG,KINO / 𝞂 2 KINO

= 0.001112358 / (0.184207747)2
= 0.032782