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Team project ©2017 Dony Pratidana S. Hum | Bima Agus Setyawan S. IIP
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108
DAFTAR LAMPIRAN
Lampiran 1 Sampel Perusahaan
Lampiran 2 Perhitungan Return Saham
Lampiran 3 Perhitungan Economic Value Added (EVA)
Lampiran 4 Perhitungan Risiko Sistematis
Lampiran 5 Perhitungan Prediksi Kebangkrutan Model Altman Z-Score
Lampiran 6 Perhitungan Price Earnings Ratio (PER)
Lampiran 7 Perhitungan Seluruh Variabel
Lampiran 8 Hasil Pengujian SPSS
Lampiran 9 Formulir Konsultasi Skripsi
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
LAMPIRAN 1
SAMPEL PERUSAHAAN
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Sampel Perusahaan
Sub Sektor Otomotif & Komponen
No. Kode Perusahaan Nama Perusahaan
1 GJTL PT Gajah Tunggal Tbk
2 LPIN PT Multi Prima Sejahtera Tbk
3 PRAS PT Prima Alloy Steel Universal Tbk
4 SMSM PT Selamat Sempurna Tbk
Sub Sektor Tekstil dan Garment
No. Kode Perusahaan Nama Perusahaan
1 ARGO PT Argo Pantes Tbk
2 HDTX PT Panasia Indo Resources Tbk
3 MYTX PT Apac Citra Centertex Tbk
4 RICY PT Ricky Putra Globalindo Tbk
5 SSTM PT Sunson Textile Manufacturer Tbk
6 UNIT PT Unitex Tbk
Sub Sektor Alas Kaki
No. Kode Perusahaan Nama Perusahaan
1 BIMA PT Primarindo Asia Infrastructure Tbk
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Sub Sektor Kabel
No. Kode Perusahaan Nama Perusahaan
1 JECC PT Jembo Cable Company Tbk
2 KBLI PT KMI Wire and Cable Tbk
3 KBLM PT Kabelindo Murni Tbk
4 SCCO PT Supreme Cable Manufacturing and Commerce Tbk
5 VOKS PT Voksel Electic Tbk
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
LAMPIRAN 2
PERHITUNGAN RETURN
SAHAM
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
ΣRi
No Sampel 2013
1 GJTL -0.00054495
2 LPIN -0.00116533
3 PRAS 0.00003236
Hasil Akhir Return Saham
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Ri 3/1/2013 2150 -0.02272727
12/31/2012 2200 3/4/2013 2075 -0.03488372
1/1/2013 2200 0.00000000 3/5/2013 2100 0.01204819
1/2/2013 2200 0.00000000 3/6/2013 2125 0.01190476
1/3/2013 2200 0.00000000 3/7/2013 2100 -0.01176471
1/4/2013 2225 0.01136364 3/8/2013 2150 0.02380952
1/7/2013 2225 0.00000000 3/11/2013 2125 -0.01162791
1/8/2013 2225 0.00000000 3/12/2013 2150 0.01176471
1/9/2013 2200 -0.01123596 3/13/2013 2125 -0.01162791
1/10/2013 2225 0.01136364 3/14/2013 2150 0.01176471
1/11/2013 2225 0.00000000 3/15/2013 2225 0.03488372
1/14/2013 2225 0.00000000 3/18/2013 2225 0.00000000
1/15/2013 2250 0.01123596 3/19/2013 2275 0.02247191
1/16/2013 2200 -0.02222222 3/20/2013 2275 0.00000000
1/17/2013 2225 0.01136364 3/21/2013 2425 0.06593407
1/18/2013 2275 0.02247191 3/22/2013 2475 0.02061856
1/21/2013 2275 0.00000000 3/25/2013 2400 -0.03030303
1/22/2013 2275 0.00000000 3/26/2013 2475 0.03125000
1/23/2013 2225 -0.02197802 3/27/2013 2550 0.03030303
1/24/2013 2225 0.00000000 3/28/2013 2500 -0.01960784
1/25/2013 2250 0.01123596 3/29/2013 2500 0.00000000
1/28/2013 2225 -0.01111111 4/1/2013 2725 0.09000000
1/29/2013 2275 0.02247191 4/2/2013 2825 0.03669725
1/30/2013 2250 -0.01098901 4/3/2013 2825 0.00000000
1/31/2013 2250 0.00000000 4/4/2013 2725 -0.03539823
2/1/2013 2225 -0.01111111 4/5/2013 2700 -0.00917431
2/4/2013 2200 -0.01123596 4/8/2013 2650 -0.01851852
2/5/2013 2200 0.00000000 4/9/2013 2625 -0.00943396
2/6/2013 2225 0.01136364 4/10/2013 2550 -0.02857143
2/7/2013 2200 -0.01123596 4/11/2013 2625 0.02941176
2/8/2013 2150 -0.02272727 4/12/2013 2550 -0.02857143
2/11/2013 2150 0.00000000 4/15/2013 2475 -0.02941176
2/12/2013 2100 -0.02325581 4/16/2013 2575 0.04040404
2/13/2013 2075 -0.01190476 4/17/2013 2675 0.03883495
2/14/2013 2050 -0.01204819 4/18/2013 2900 0.08411215
2/15/2013 2050 0.00000000 4/19/2013 2925 0.00862069
2/18/2013 2100 0.02439024 4/22/2013 2850 -0.02564103
2/19/2013 2050 -0.02380952 4/23/2013 2850 0.00000000
2/20/2013 2050 0.00000000 4/24/2013 2950 0.03508772
2/21/2013 2050 0.00000000 4/25/2013 3125 0.05932203
2/22/2013 2025 -0.01219512 4/26/2013 3125 0.00000000
2/25/2013 2075 0.02469136 4/29/2013 3100 -0.00800000
2/26/2013 2100 0.01204819 4/30/2013 2900 -0.06451613
2/27/2013 2125 0.01190476 5/1/2013 3000 0.03448276
2/28/2013 2200 0.03529412 5/2/2013 2950 -0.01666667 (GJTL, 2013)
CONTOH PERHITUNGAN RETURN SAHAM (GJTL, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Ri Date Close Ri
5/3/2013 2825 -0.04237288 7/8/2013 3075 -0.01600000
5/6/2013 2875 0.01769912 7/9/2013 3025 -0.01626016
5/7/2013 2950 0.02608696 7/10/2013 3000 -0.00826446
5/8/2013 3000 0.01694915 7/11/2013 3050 0.01666667
5/9/2013 3000 0.00000000 7/12/2013 3125 0.02459016
5/10/2013 2950 -0.01666667 7/15/2013 3275 0.04800000
5/13/2013 3075 0.04237288 7/16/2013 3500 0.06870229
5/14/2013 3050 -0.00813008 7/17/2013 3425 -0.02142857
5/15/2013 3025 -0.00819672 7/18/2013 3400 -0.00729927
5/16/2013 3075 0.01652893 7/19/2013 3475 0.02205882
5/17/2013 3100 0.00813008 7/22/2013 3550 0.02158273
5/20/2013 3075 -0.00806452 7/23/2013 3375 -0.04929577
5/21/2013 3000 -0.02439024 7/24/2013 3225 -0.04444444
5/22/2013 2950 -0.01666667 7/25/2013 3250 0.00775194
5/23/2013 2850 -0.03389831 7/26/2013 3250 0.00000000
5/24/2013 2850 0.00000000 7/29/2013 3150 -0.03076923
5/27/2013 2750 -0.03508772 7/30/2013 2825 -0.10317460
5/28/2013 2950 0.07272727 7/31/2013 2625 -0.07079646
5/29/2013 3000 0.01694915 8/1/2013 2700 0.02857143
5/30/2013 3175 0.05833333 8/2/2013 2625 -0.02777778
5/31/2013 3225 0.01574803 8/5/2013 2625 0.00000000
6/3/2013 3250 0.00775194 8/6/2013 2625 0.00000000
6/4/2013 3325 0.02307692 8/7/2013 2625 0.00000000
6/5/2013 3250 -0.02255639 8/8/2013 2625 0.00000000
6/6/2013 3250 0.00000000 8/9/2013 2625 0.00000000
6/7/2013 3100 -0.04615385 8/12/2013 2625 0.00000000
6/10/2013 3250 0.04838710 8/13/2013 2675 0.01904762
6/11/2013 2975 -0.08461538 8/14/2013 2625 -0.01869159
6/12/2013 2975 0.00000000 8/15/2013 2625 0.00000000
6/13/2013 2850 -0.04201681 8/16/2013 2475 -0.05714286
6/14/2013 3050 0.07017544 8/19/2013 2225 -0.10101010
6/17/2013 2975 -0.02459016 8/20/2013 2175 -0.02247191
6/18/2013 3200 0.07563025 8/21/2013 2150 -0.01149425
6/19/2013 3225 0.00781250 8/22/2013 2050 -0.04651163
6/20/2013 3250 0.00775194 8/23/2013 2025 -0.01219512
6/21/2013 3250 0.00000000 8/26/2013 1930 -0.04691358
6/24/2013 3100 -0.04615385 8/27/2013 1790 -0.07253886
6/25/2013 3250 0.04838710 8/28/2013 1750 -0.02234637
6/26/2013 3325 0.02307692 8/29/2013 1810 0.03428571
6/27/2013 3200 -0.03759398 8/30/2013 1870 0.03314917
6/28/2013 3200 0.00000000 9/2/2013 1900 0.01604278
7/1/2013 3200 0.00000000 9/3/2013 1890 -0.00526316
7/2/2013 3125 -0.02343750 9/4/2013 1760 -0.06878307
7/3/2013 3125 0.00000000 9/5/2013 1770 0.00568182
7/4/2013 3125 0.00000000 9/6/2013 1760 -0.00564972
7/5/2013 3125 0.00000000 9/9/2013 1820 0.03409091 (GJTL, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Ri Date Close Ri
9/10/2013 2075 0.14010989 11/12/2013 2050 -0.03529412
9/11/2013 2150 0.03614458 11/13/2013 1990 -0.02926829
9/12/2013 2200 0.02325581 11/14/2013 1960 -0.01507538
9/13/2013 2250 0.02272727 11/15/2013 1920 -0.02040816
9/16/2013 2275 0.01111111 11/18/2013 1810 -0.05729167
9/17/2013 2400 0.05494505 11/19/2013 1820 0.00552486
9/18/2013 2350 -0.02083333 11/20/2013 1810 -0.00549451
9/19/2013 2450 0.04255319 11/21/2013 1800 -0.00552486
9/20/2013 2350 -0.04081633 11/22/2013 1760 -0.02222222
9/23/2013 2450 0.04255319 11/25/2013 1720 -0.02272727
9/24/2013 2325 -0.05102041 11/26/2013 1700 -0.01162791
9/25/2013 2350 0.01075269 11/27/2013 1710 0.00588235
9/26/2013 2350 0.00000000 11/28/2013 1710 0.00000000
9/27/2013 2375 0.01063830 11/29/2013 1800 0.05263158
9/30/2013 2325 -0.02105263 12/2/2013 1900 0.05555556
10/1/2013 2275 -0.02150538 12/3/2013 1830 -0.03684211
10/2/2013 2275 0.00000000 12/4/2013 1820 -0.00546448
10/3/2013 2275 0.00000000 12/5/2013 1780 -0.02197802
10/4/2013 2250 -0.01098901 12/6/2013 1760 -0.01123596
10/7/2013 2225 -0.01111111 12/9/2013 1810 0.02840909
10/8/2013 2200 -0.01123596 12/10/2013 1870 0.03314917
10/9/2013 2375 0.07954545 12/11/2013 1900 0.01604278
10/10/2013 2400 0.01052632 12/12/2013 1900 0.00000000
10/11/2013 2300 -0.04166667 12/13/2013 1870 -0.01578947
10/14/2013 2300 0.00000000 12/16/2013 1790 -0.04278075
10/15/2013 2300 0.00000000 12/17/2013 1750 -0.02234637
10/16/2013 2300 0.00000000 12/18/2013 1730 -0.01142857
10/17/2013 2475 0.07608696 12/19/2013 1710 -0.01156069
10/18/2013 2500 0.01010101 12/20/2013 1740 0.01754386
10/21/2013 2450 -0.02000000 12/23/2013 1710 -0.01724138
10/22/2013 2450 0.00000000 12/24/2013 1710 0.00000000
10/23/2013 2400 -0.02040816 12/25/2013 1710 0.00000000
10/24/2013 2375 -0.01041667 12/26/2013 1710 0.00000000
10/25/2013 2375 0.00000000 12/27/2013 1710 0.00000000
10/28/2013 2425 0.02105263 12/30/2013 1680 -0.01754386
10/29/2013 2425 0.00000000 12/31/2013 1680 0.00000000
10/30/2013 2500 0.03092784 RATA-RATA 2446.7624521 -0.00054495
10/31/2013 2300 -0.08000000
11/1/2013 2250 -0.02173913
11/4/2013 2200 -0.02222222
11/5/2013 2200 0.00000000
11/6/2013 2175 -0.01136364
11/7/2013 2100 -0.03448276
11/8/2013 2125 0.01190476
11/11/2013 2125 0.00000000 (GJTL, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Ri Date Close Ri
12/31/2012 8300 3/1/2013 4800 0.00000000
1/1/2013 8300 0.00000000 3/4/2013 4700 -0.02083333
1/2/2013 7700 -0.07228916 3/5/2013 4500 -0.04255319
1/3/2013 8200 0.06493506 3/6/2013 4700 0.04444444
1/4/2013 7000 -0.14634146 3/7/2013 4700 0.00000000
1/7/2013 6900 -0.01428571 3/8/2013 4600 -0.02127660
1/8/2013 6950 0.00724638 3/11/2013 4600 0.00000000
1/9/2013 6750 -0.02877698 3/12/2013 4600 0.00000000
1/10/2013 6600 -0.02222222 3/13/2013 4725 0.02717391
1/11/2013 6600 0.00000000 3/14/2013 4750 0.00529101
1/14/2013 7100 0.07575758 3/15/2013 4700 -0.01052632
1/15/2013 6900 -0.02816901 3/18/2013 4800 0.02127660
1/16/2013 6500 -0.05797101 3/19/2013 5000 0.04166667
1/17/2013 6950 0.06923077 3/20/2013 4700 -0.06000000
1/18/2013 6850 -0.01438849 3/21/2013 4950 0.05319149
1/21/2013 6650 -0.02919708 3/22/2013 4700 -0.05050505
1/22/2013 6650 0.00000000 3/25/2013 4600 -0.02127660
1/23/2013 6550 -0.01503759 3/26/2013 4500 -0.02173913
1/24/2013 6550 0.00000000 3/27/2013 4800 0.06666667
1/25/2013 6700 0.02290076 3/28/2013 4525 -0.05729167
1/28/2013 6250 -0.06716418 3/29/2013 4525 0.00000000
1/29/2013 6200 -0.00800000 4/1/2013 4750 0.04972376
1/30/2013 6200 0.00000000 4/2/2013 4650 -0.02105263
1/31/2013 6400 0.03225806 4/3/2013 4650 0.00000000
2/1/2013 6500 0.01562500 4/4/2013 4700 0.01075269
2/4/2013 6350 -0.02307692 4/5/2013 4700 0.00000000
2/5/2013 6150 -0.03149606 4/8/2013 4775 0.01595745
2/6/2013 6000 -0.02439024 4/9/2013 4775 0.00000000
2/7/2013 6250 0.04166667 4/10/2013 4775 0.00000000
2/8/2013 5900 -0.05600000 4/11/2013 4775 0.00000000
2/11/2013 5400 -0.08474576 4/12/2013 5000 0.04712042
2/12/2013 5100 -0.05555556 4/15/2013 5000 0.00000000
2/13/2013 5000 -0.01960784 4/16/2013 5000 0.00000000
2/14/2013 4975 -0.00500000 4/17/2013 4950 -0.01000000
2/15/2013 4900 -0.01507538 4/18/2013 4975 0.00505051
2/18/2013 4850 -0.01020408 4/19/2013 4975 0.00000000
2/19/2013 4875 0.00515464 4/22/2013 4975 0.00000000
2/20/2013 4950 0.01538462 4/23/2013 4975 0.00000000
2/21/2013 4950 0.00000000 4/24/2013 4800 -0.03517588
2/22/2013 4825 -0.02525253 4/25/2013 4800 0.00000000
2/25/2013 4800 -0.00518135 4/26/2013 4700 -0.02083333
2/26/2013 4800 0.00000000 4/29/2013 4700 0.00000000
2/27/2013 4800 0.00000000 4/30/2013 4725 0.00531915
2/28/2013 4800 0.00000000 5/1/2013 4750 0.00529101 (LPIN, 2013)
CONTOH PERHITUNGAN RETURN SAHAM (LPIN, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Ri Date Close Ri
5/2/2013 4750 0.00000000 7/5/2013 4225 -0.00588235
5/3/2013 4875 0.02631579 7/8/2013 4225 0.00000000
5/6/2013 4875 0.00000000 7/9/2013 4225 0.00000000
5/7/2013 5000 0.02564103 7/10/2013 4225 0.00000000
5/8/2013 5300 0.06000000 7/11/2013 4225 0.00000000
5/9/2013 5300 0.00000000 7/12/2013 4225 0.00000000
5/10/2013 6350 0.19811321 7/15/2013 4375 0.03550296
5/13/2013 7000 0.10236220 7/16/2013 4375 0.00000000
5/14/2013 6900 -0.01428571 7/17/2013 4375 0.00000000
5/15/2013 6800 -0.01449275 7/18/2013 4375 0.00000000
5/16/2013 6700 -0.01470588 7/19/2013 4375 0.00000000
5/17/2013 6450 -0.03731343 7/22/2013 4300 -0.01714286
5/20/2013 6000 -0.06976744 7/23/2013 4300 0.00000000
5/21/2013 5750 -0.04166667 7/24/2013 4300 0.00000000
5/22/2013 6000 0.04347826 7/25/2013 4500 0.04651163
5/23/2013 6000 0.00000000 7/26/2013 4350 -0.03333333
5/24/2013 6000 0.00000000 7/29/2013 4300 -0.01149425
5/27/2013 5650 -0.05833333 7/30/2013 4300 0.00000000
5/28/2013 5650 0.00000000 7/31/2013 4300 0.00000000
5/29/2013 5700 0.00884956 8/1/2013 4300 0.00000000
5/30/2013 5700 0.00000000 8/2/2013 4300 0.00000000
5/31/2013 5650 -0.00877193 8/5/2013 4300 0.00000000
6/3/2013 5650 0.00000000 8/6/2013 4300 0.00000000
6/4/2013 5650 0.00000000 8/7/2013 4300 0.00000000
6/5/2013 5700 0.00884956 8/8/2013 4300 0.00000000
6/6/2013 5700 0.00000000 8/9/2013 4300 0.00000000
6/7/2013 5600 -0.01754386 8/12/2013 4300 0.00000000
6/10/2013 5300 -0.05357143 8/13/2013 4300 0.00000000
6/11/2013 5350 0.00943396 8/14/2013 4300 0.00000000
6/12/2013 5350 0.00000000 8/15/2013 4350 0.01162791
6/13/2013 5050 -0.05607477 8/16/2013 4350 0.00000000
6/14/2013 5000 -0.00990099 8/19/2013 4100 -0.05747126
6/17/2013 5000 0.00000000 8/20/2013 4100 0.00000000
6/18/2013 5000 0.00000000 8/21/2013 4100 0.00000000
6/19/2013 5000 0.00000000 8/22/2013 4100 0.00000000
6/20/2013 5000 0.00000000 8/23/2013 4100 0.00000000
6/21/2013 5000 0.00000000 8/26/2013 3975 -0.03048780
6/24/2013 5000 0.00000000 8/27/2013 3875 -0.02515723
6/25/2013 4600 -0.08000000 8/28/2013 3875 0.00000000
6/26/2013 4550 -0.01086957 8/29/2013 3875 0.00000000
6/27/2013 4500 -0.01098901 8/30/2013 4300 0.10967742
6/28/2013 4500 0.00000000 9/2/2013 4300 0.00000000
7/1/2013 4700 0.04444444 9/3/2013 4300 0.00000000
7/2/2013 4250 -0.09574468 9/4/2013 4650 0.08139535
7/3/2013 4300 0.01176471 9/5/2013 4650 0.00000000
7/4/2013 4250 -0.01162791 9/6/2013 4650 0.00000000 (LPIN, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Ri Date Close Ri
9/9/2013 4600 -0.01075269 11/12/2013 4400 0.00000000
9/10/2013 4600 0.00000000 11/13/2013 4550 0.03409091
9/11/2013 4600 0.00000000 11/14/2013 4550 0.00000000
9/12/2013 4750 0.03260870 11/15/2013 4550 0.00000000
9/13/2013 4750 0.00000000 11/18/2013 4550 0.00000000
9/16/2013 4750 0.00000000 11/19/2013 4550 0.00000000
9/17/2013 4750 0.00000000 11/20/2013 3950 -0.13186813
9/18/2013 5000 0.05263158 11/21/2013 4325 0.09493671
9/19/2013 5000 0.00000000 11/22/2013 4175 -0.03468208
9/20/2013 5000 0.00000000 11/25/2013 4425 0.05988024
9/23/2013 5000 0.00000000 11/26/2013 4500 0.01694915
9/24/2013 4675 -0.06500000 11/27/2013 4100 -0.08888889
9/25/2013 4900 0.04812834 11/28/2013 4150 0.01219512
9/26/2013 4900 0.00000000 11/29/2013 3850 -0.07228916
9/27/2013 4700 -0.04081633 12/2/2013 4100 0.06493506
9/30/2013 4825 0.02659574 12/3/2013 4875 0.18902439
10/1/2013 4900 0.01554404 12/4/2013 4875 0.00000000
10/2/2013 4625 -0.05612245 12/5/2013 4950 0.01538462
10/3/2013 4600 -0.00540541 12/6/2013 4950 0.00000000
10/4/2013 4200 -0.08695652 12/9/2013 5100 0.03030303
10/7/2013 4200 0.00000000 12/10/2013 5100 0.00000000
10/8/2013 4175 -0.00595238 12/11/2013 5300 0.03921569
10/9/2013 4175 0.00000000 12/12/2013 5300 0.00000000
10/10/2013 4375 0.04790419 12/13/2013 5300 0.00000000
10/11/2013 4400 0.00571429 12/16/2013 5300 0.00000000
10/14/2013 4400 0.00000000 12/17/2013 4400 -0.16981132
10/15/2013 4400 0.00000000 12/18/2013 4950 0.12500000
10/16/2013 4650 0.05681818 12/19/2013 5000 0.01010101
10/17/2013 4250 -0.08602151 12/20/2013 5000 0.00000000
10/18/2013 4325 0.01764706 12/23/2013 5000 0.00000000
10/21/2013 4450 0.02890173 12/24/2013 5000 0.00000000
10/22/2013 4450 0.00000000 12/25/2013 5000 0.00000000
10/23/2013 4500 0.01123596 12/26/2013 5000 0.00000000
10/24/2013 4425 -0.01666667 12/27/2013 5000 0.00000000
10/25/2013 4450 0.00564972 12/30/2013 5000 0.00000000
10/28/2013 4375 -0.01685393 12/31/2013 5000 0.00000000
10/29/2013 4300 -0.01714286 RATA-RATA 4971.3601533 -0.00116533
10/30/2013 4500 0.04651163
10/31/2013 4500 0.00000000
11/1/2013 4500 0.00000000
11/4/2013 4500 0.00000000
11/5/2013 4500 0.00000000
11/6/2013 4500 0.00000000
11/7/2013 4275 -0.05000000
11/8/2013 4400 0.02923977
11/11/2013 4400 0.00000000 (LPIN, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Ri Date Close Ri
12/31/2012 255 3/1/2013 275 0.00000000
1/1/2013 255 0.00000000 3/4/2013 310 0.12727273
1/2/2013 260 0.01960784 3/5/2013 305 -0.01612903
1/3/2013 260 0.00000000 3/6/2013 355 0.16393443
1/4/2013 260 0.00000000 3/7/2013 360 0.01408451
1/7/2013 310 0.19230769 3/8/2013 410 0.13888889
1/8/2013 325 0.04838710 3/11/2013 440 0.07317073
1/9/2013 275 -0.15384615 3/12/2013 410 -0.06818182
1/10/2013 265 -0.03636364 3/13/2013 430 0.04878049
1/11/2013 265 0.00000000 3/14/2013 425 -0.01162791
1/14/2013 265 0.00000000 3/15/2013 495 0.16470588
1/15/2013 250 -0.05660377 3/18/2013 480 -0.03030303
1/16/2013 265 0.06000000 3/19/2013 485 0.01041667
1/17/2013 265 0.00000000 3/20/2013 470 -0.03092784
1/18/2013 265 0.00000000 3/21/2013 475 0.01063830
1/21/2013 265 0.00000000 3/22/2013 480 0.01052632
1/22/2013 265 0.00000000 3/25/2013 480 0.00000000
1/23/2013 260 -0.01886792 3/26/2013 480 0.00000000
1/24/2013 260 0.00000000 3/27/2013 490 0.02083333
1/25/2013 255 -0.01923077 3/28/2013 500 0.02040816
1/28/2013 240 -0.05882353 3/29/2013 500 0.00000000
1/29/2013 250 0.04166667 4/1/2013 500 0.00000000
1/30/2013 250 0.00000000 4/2/2013 520 0.04000000
1/31/2013 265 0.06000000 4/3/2013 520 0.00000000
2/1/2013 290 0.09433962 4/4/2013 530 0.01923077
2/4/2013 270 -0.06896552 4/5/2013 570 0.07547170
2/5/2013 265 -0.01851852 4/8/2013 485 -0.14912281
2/6/2013 265 0.00000000 4/9/2013 420 -0.13402062
2/7/2013 275 0.03773585 4/10/2013 395 -0.05952381
2/8/2013 275 0.00000000 4/11/2013 380 -0.03797468
2/11/2013 340 0.23636364 4/12/2013 390 0.02631579
2/12/2013 325 -0.04411765 4/15/2013 375 -0.03846154
2/13/2013 305 -0.06153846 4/16/2013 370 -0.01333333
2/14/2013 285 -0.06557377 4/17/2013 380 0.02702703
2/15/2013 280 -0.01754386 4/18/2013 375 -0.01315789
2/18/2013 275 -0.01785714 4/19/2013 380 0.01333333
2/19/2013 270 -0.01818182 4/22/2013 380 0.00000000
2/20/2013 285 0.05555556 4/23/2013 380 0.00000000
2/21/2013 275 -0.03508772 4/24/2013 365 -0.03947368
2/22/2013 270 -0.01818182 4/25/2013 355 -0.02739726
2/25/2013 265 -0.01851852 4/26/2013 360 0.01408451
2/26/2013 265 0.00000000 4/29/2013 355 -0.01388889
2/27/2013 275 0.03773585 4/30/2013 350 -0.01408451
2/28/2013 275 0.00000000 5/1/2013 355 0.01428571 (PRAS, 2013)
CONTOH PERHITUNGAN RETURN SAHAM (PRAS, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Ri Date Close Ri
5/2/2013 350 -0.01408451 7/5/2013 250 0.00000000
5/3/2013 330 -0.05714286 7/8/2013 240 -0.04000000
5/6/2013 300 -0.09090909 7/9/2013 225 -0.06250000
5/7/2013 295 -0.01666667 7/10/2013 225 0.00000000
5/8/2013 295 0.00000000 7/11/2013 230 0.02222222
5/9/2013 295 0.00000000 7/12/2013 230 0.00000000
5/10/2013 295 0.00000000 7/15/2013 230 0.00000000
5/13/2013 285 -0.03389831 7/16/2013 235 0.02173913
5/14/2013 285 0.00000000 7/17/2013 230 -0.02127660
5/15/2013 355 0.24561404 7/18/2013 235 0.02173913
5/16/2013 375 0.05633803 7/19/2013 230 -0.02127660
5/17/2013 375 0.00000000 7/22/2013 240 0.04347826
5/20/2013 355 -0.05333333 7/23/2013 230 -0.04166667
5/21/2013 360 0.01408451 7/24/2013 230 0.00000000
5/22/2013 360 0.00000000 7/25/2013 230 0.00000000
5/23/2013 350 -0.02777778 7/26/2013 230 0.00000000
5/24/2013 345 -0.01428571 7/29/2013 235 0.02173913
5/27/2013 330 -0.04347826 7/30/2013 235 0.00000000
5/28/2013 325 -0.01515152 7/31/2013 235 0.00000000
5/29/2013 325 0.00000000 8/1/2013 235 0.00000000
5/30/2013 335 0.03076923 8/2/2013 240 0.02127660
5/31/2013 320 -0.04477612 8/5/2013 240 0.00000000
6/3/2013 325 0.01562500 8/6/2013 240 0.00000000
6/4/2013 325 0.00000000 8/7/2013 240 0.00000000
6/5/2013 320 -0.01538462 8/8/2013 240 0.00000000
6/6/2013 320 0.00000000 8/9/2013 240 0.00000000
6/7/2013 320 0.00000000 8/12/2013 240 0.00000000
6/10/2013 320 0.00000000 8/13/2013 235 -0.02083333
6/11/2013 300 -0.06250000 8/14/2013 230 -0.02127660
6/12/2013 305 0.01666667 8/15/2013 225 -0.02173913
6/13/2013 295 -0.03278689 8/16/2013 220 -0.02222222
6/14/2013 295 0.00000000 8/19/2013 205 -0.06818182
6/17/2013 295 0.00000000 8/20/2013 200 -0.02439024
6/18/2013 290 -0.01694915 8/21/2013 205 0.02500000
6/19/2013 295 0.01724138 8/22/2013 192 -0.06341463
6/20/2013 275 -0.06779661 8/23/2013 193 0.00520833
6/21/2013 300 0.09090909 8/26/2013 193 0.00000000
6/24/2013 270 -0.10000000 8/27/2013 180 -0.06735751
6/25/2013 255 -0.05555556 8/28/2013 161 -0.10555556
6/26/2013 270 0.05882353 8/29/2013 167 0.03726708
6/27/2013 260 -0.03703704 8/30/2013 162 -0.02994012
6/28/2013 260 0.00000000 9/2/2013 161 -0.00617284
7/1/2013 265 0.01923077 9/3/2013 164 0.01863354
7/2/2013 275 0.03773585 9/4/2013 162 -0.01219512
7/3/2013 250 -0.09090909 9/5/2013 161 -0.00617284
7/4/2013 250 0.00000000 9/6/2013 163 0.01242236 (PRAS, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Ri Date Close Ri
9/9/2013 163 0.00000000 11/12/2013 200 0.03092784
9/10/2013 166 0.01840491 11/13/2013 197 -0.01500000
9/11/2013 167 0.00602410 11/14/2013 185 -0.06091371
9/12/2013 163 -0.02395210 11/15/2013 189 0.02162162
9/13/2013 164 0.00613497 11/18/2013 185 -0.02116402
9/16/2013 220 0.34146341 11/19/2013 185 0.00000000
9/17/2013 225 0.02272727 11/20/2013 182 -0.01621622
9/18/2013 215 -0.04444444 11/21/2013 182 0.00000000
9/19/2013 215 0.00000000 11/22/2013 180 -0.01098901
9/20/2013 205 -0.04651163 11/25/2013 190 0.05555556
9/23/2013 200 -0.02439024 11/26/2013 180 -0.05263158
9/24/2013 198 -0.01000000 11/27/2013 175 -0.02777778
9/25/2013 200 0.01010101 11/28/2013 170 -0.02857143
9/26/2013 200 0.00000000 11/29/2013 188 0.10588235
9/27/2013 200 0.00000000 12/2/2013 182 -0.03191489
9/30/2013 192 -0.04000000 12/3/2013 181 -0.00549451
10/1/2013 191 -0.00520833 12/4/2013 181 0.00000000
10/2/2013 196 0.02617801 12/5/2013 181 0.00000000
10/3/2013 193 -0.01530612 12/6/2013 190 0.04972376
10/4/2013 193 0.00000000 12/9/2013 190 0.00000000
10/7/2013 193 0.00000000 12/10/2013 190 0.00000000
10/8/2013 193 0.00000000 12/11/2013 190 0.00000000
10/9/2013 193 0.00000000 12/12/2013 190 0.00000000
10/10/2013 187 -0.03108808 12/13/2013 190 0.00000000
10/11/2013 196 0.04812834 12/16/2013 190 0.00000000
10/14/2013 196 0.00000000 12/17/2013 180 -0.05263158
10/15/2013 196 0.00000000 12/18/2013 170 -0.05555556
10/16/2013 196 0.00000000 12/19/2013 171 0.00588235
10/17/2013 200 0.02040816 12/20/2013 193 0.12865497
10/18/2013 190 -0.05000000 12/23/2013 193 0.00000000
10/21/2013 195 0.02631579 12/24/2013 193 0.00000000
10/22/2013 195 0.00000000 12/25/2013 193 0.00000000
10/23/2013 190 -0.02564103 12/26/2013 193 0.00000000
10/24/2013 190 0.00000000 12/27/2013 195 0.01036269
10/25/2013 191 0.00526316 12/30/2013 185 -0.05128205
10/28/2013 189 -0.01047120 12/31/2013 185 0.00000000
10/29/2013 187 -0.01058201 RATA-RATA 267.86206897 0.00003236
10/30/2013 190 0.01604278
10/31/2013 192 0.01052632
11/1/2013 191 -0.00520833
11/4/2013 189 -0.01047120
11/5/2013 189 0.00000000
11/6/2013 186 -0.01587302
11/7/2013 190 0.02150538
11/8/2013 190 0.00000000
11/11/2013 194 0.02105263 (PRAS, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
LAMPIRAN 3
PERHITUNGAN ECONOMIC
VALUE ADDED (EVA)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
No sampel EBIT Taxes NOPAT Capital Charge EVA
1 GJTL 725,613,000,000 46,143,000,000 679,470,000,000 924,082,816 678,545,917,184
2 LPIN 13,629,796,381 4,341,438,114 9,288,358,267 7,926,584,032 1,361,774,235
3 PRAS 32,083,869,983 2,611,351,715 29,472,518,268 -21,256,945,169 50,729,463,437
PERHITUNGAN EVA
20
13
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
No sampel WACC T.AssetLiabilitas jangka pendek
tanpa bungaInvested Capital Capital Charge
1 GJTL 7.46039E-05 15,350,754,000,000 2,964,235,000,000 12,386,519,000,000 924,082,816
2 LPIN 0.051105699 196,390,816,224 41,289,052,977 155,101,763,247 7,926,584,032
3 PRAS -0.030929953 795,630,254,208 108,369,426,070 687,260,828,138 -21,256,945,169
PERHITUNGAN CAPITAL CHARGE
20
13
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
No Sampel Utang + Ekuitas Total Utang Ekuitas Total beban bunga Pajak Laba Sebelum Pajak
1 GJTL 15,350,754,000,000 9,626,411,000,000 5,724,343,000,000 559,140,000,000 46,143,000,000 166,473,000,000
2 LPIN 196,390,816,224 52,980,206,367 143,410,609,857 733,361,911 4,341,438,114 12,896,434,470
3 PRAS 795,630,254,208 389,182,140,905 406,448,113,303 16,275,778,845 2,611,351,715 15,808,091,138
D rd E re tax 1-tax WACC
0.6270969 0.0580840 0.3729031 -0.0704032 0.2771801 0.7228199 0.0000746
0.2697693 0.0138422 0.7302307 0.0665934 0.3366386 0.6633614 0.0511057
0.4891495 0.0418205 0.5108505 -0.0939750 0.1651908 0.8348092 -0.0309300
PERHITUNGAN WACC
20
13
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Ri IHSG Rm / E (RM) Rm2 Rm*Ri Beta RF / RBR E(Ri)
12/3/2012 2200 4316.69
1/1/2013 2250 0.022727 4453.7 0.031740 0.001007402003400 0.000721 0.0484021
2/1/2013 2200 -0.022222 4795.79 0.076810 0.005899821044033 -0.001707 0.0486119
3/1/2013 2500 0.136364 4940.99 0.030277 0.000916669786412 0.004129 0.0486950
4/1/2013 2900 0.160000 5034.07 0.018838 0.000354882676070 0.003014 0.0489075
5/1/2013 3225 0.112069 5068.63 0.006865 0.000047131250980 0.000769 0.0502275
6/3/2013 3200 -0.007752 4818.9 -0.049270 0.002427505680521 0.000382 0.0527558
7/1/2013 2625 -0.179688 4610.38 -0.043271 0.001872404190201 0.007775 0.0552051
8/1/2013 1870 -0.287619 4195.09 -0.090077 0.008113897218536 0.025908 0.0585743
9/2/2013 2325 0.243316 4316.18 0.028865 0.000833170708989 0.007023 0.0678250
10/1/2013 2300 -0.010753 4510.63 0.045051 0.002029629651253 -0.000484 0.0696715
11/1/2013 1800 -0.217391 4256.44 -0.056354 0.003175722266862 0.012251 0.0722000
12/2/2013 1680 -0.066667 4274.18 0.004168 0.000017370575186 -0.000278 0.0721695
2013 JUMLAH -0.117616 0.003642 0.026696 0.059503
RATA-RATA 0.000304 2.230391 0.057770 -0.07040324
Date Close Ri IHSG Rm / E (RM) Rm2 Rm*Ri Beta RF / RBR E(Ri)
12/3/2012 8300 4316.69
1/1/2013 6400 -0.228916 4453.7 0.031740 0.001007402003400 -0.007266 0.0484021
2/1/2013 4800 -0.250000 4795.79 0.076810 0.005899821044033 -0.019203 0.0486119
3/1/2013 4525 -0.057292 4940.99 0.030277 0.000916669786412 -0.001735 0.0486950
4/1/2013 4725 0.044199 5034.07 0.018838 0.000354882676070 0.000833 0.0489075
5/1/2013 5650 0.195767 5068.63 0.006865 0.000047131250980 0.001344 0.0502275
6/3/2013 4500 -0.203540 4818.9 -0.049270 0.002427505680521 0.010028 0.0527558
7/1/2013 4300 -0.044444 4610.38 -0.043271 0.001872404190201 0.001923 0.0552051
8/1/2013 4300 0.000000 4195.09 -0.090077 0.008113897218536 0.000000 0.0585743
9/2/2013 4825 0.122093 4316.18 0.028865 0.000833170708989 0.003524 0.0678250
10/1/2013 4500 -0.067358 4510.63 0.045051 0.002029629651253 -0.003035 0.0696715
11/1/2013 3850 -0.144444 4256.44 -0.056354 0.003175722266862 0.008140 0.0722000
12/2/2013 5000 0.298701 4274.18 0.004168 0.000017370575186 0.001245 0.0721695
2013 JUMLAH -0.335233 0.003642 0.026696 -0.004200
RATA-RATA 0.000304 -0.153532 0.057770 0.06659344
Date Close Ri IHSG Rm / E (RM) Rm2 Rm*Ri Beta RF / RBR E(Ri)
12/3/2012 255 4316.69
1/1/2013 265 0.039216 4453.7 0.031740 0.001007402003400 0.001245 0.0484021
2/1/2013 275 0.037736 4795.79 0.076810 0.005899821044033 0.002899 0.0486119
3/1/2013 500 0.818182 4940.99 0.030277 0.000916669786412 0.024772 0.0486950
4/1/2013 350 -0.300000 5034.07 0.018838 0.000354882676070 -0.005651 0.0489075
5/1/2013 320 -0.085714 5068.63 0.006865 0.000047131250980 -0.000588 0.0502275
6/3/2013 260 -0.187500 4818.9 -0.049270 0.002427505680521 0.009238 0.0527558
7/1/2013 235 -0.096154 4610.38 -0.043271 0.001872404190201 0.004161 0.0552051
8/1/2013 162 -0.310638 4195.09 -0.090077 0.008113897218536 0.027981 0.0585743
9/2/2013 192 0.185185 4316.18 0.028865 0.000833170708989 0.005345 0.0678250
10/1/2013 192 0.000000 4510.63 0.045051 0.002029629651253 0.000000 0.0696715
11/1/2013 188 -0.020833 4256.44 -0.056354 0.003175722266862 0.001174 0.0722000
12/2/2013 185 -0.015957 4274.18 0.004168 0.000017370575186 -0.000067 0.0721695
2013 JUMLAH 0.063521 0.003642 0.026696 0.070508
RATA-RATA 0.000304 2.640571 0.057770 -0.09397504
CONTOH PERHITUNGAN CAPM (GJTL, 2013)
CONTOH PERHITUNGAN CAPM (LPIN, 2013)
CONTOH PERHITUNGAN CAPM (PRAS, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
n*Σ(Rm.Ri) (ΣRm*Σri) (n*Σ(Rm2)) A-B C-(ΣRm)2 D/E
No Perusahaan n Σ(Rm.Ri) ΣRm ΣRi Σ(Rm2) (ΣRm)2 A B C D E Hasil
1 GJTL 12 0.059503469 0.003642174 -0.117615984 0.026695607 0.0000133 0.714041631 -0.000428378 0.320347285 0.714470009 0.320334 2.230390675
2 LPIN 12 -0.004200209 0.003642174 -0.335233141 0.026695607 0.0000133 -0.050402509 -0.001220978 0.320347285 -0.049181531 0.320334 -0.153532026
3 PRAS 12 0.070508005 0.003642174 0.063521329 0.026695607 0.0000133 0.846096057 0.000231356 0.320347285 0.845864701 0.320334 2.640570936
PERHITUNGAN BETA UNTUK CAPM (2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
LAMPIRAN 4
PERHITUNGAN RISIKO
SISTEMATIS
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
n*Σ(Rm.Ri) (ΣRm*Σri) (n*Σ(Rm2)) A-B C-(ΣRm)2 D/E
No Sampel n Σ(Rm.Ri) ΣRm ΣRi Σ(Rm2) (ΣRm)2 A B C D E Hasil
1 GJTL 240 0.044987 0.012745 -0.144046 0.045176 0.000162 10.79684 -0.001835832 10.84228452 10.79867549 10.84212209 0.995992795
2 LPIN 240 0.005269 0.012745 -0.224573 0.045176 0.000162 1.2645573 -0.002862117 10.84228452 1.267419421 10.84212209 0.116897726
3 PRAS 240 0.034485 0.012745 -0.003587 0.045176 0.000162 8.2763564 -4.57119E-05 10.84228452 8.276402108 10.84212209 0.763356291
2013
PERHITUNGAN BETA AKHIR
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date IHSG Rm Rm2 Close Dividen Ri Rm*Ri
12/28/2012 4,316.69 2225
1/2/2013 4,346.48 0.006901 0.000048 2200 -0.011235955 -7.75407E-05
1/3/2013 4,399.26 0.012143 0.000147 2200 0 0
1/4/2013 4,410.02 0.002446 0.000006 2225 0.011363636 2.77939E-05
1/7/2013 4,392.38 -0.004000 0.000016 2225 0 0
1/9/2013 4,362.93 -0.006705 0.000045 2200 -0.011235955 7.53348E-05
1/10/2013 4,317.37 -0.010443 0.000109 2225 0.011363636 -0.000118665
1/11/2013 4,305.91 -0.002654 0.000007 2225 0 0
1/14/2013 4,382.50 0.017787 0.000316 2225 0 0
1/15/2013 4,400.82 0.004180 0.000017 2250 0.011235955 4.69692E-05
1/16/2013 4,410.96 0.002304 0.000005 2200 -0.022222222 -5.12026E-05
1/17/2013 4,398.38 -0.002852 0.000008 2225 0.011363636 -3.24089E-05
1/18/2013 4,465.48 0.015256 0.000233 2275 0.02247191 0.000342823
1/21/2013 4,439.97 -0.005713 0.000033 2275 0 0
1/22/2013 4,416.55 -0.005275 0.000028 2275 0 0
1/23/2013 4,418.73 0.000494 0.000000 2225 -0.021978022 -1.08483E-05
1/25/2013 4,437.60 0.004270 0.000018 2250 0.011235955 4.79827E-05
1/28/2013 4,416.94 -0.004656 0.000022 2225 -0.011111111 5.17297E-05
1/29/2013 4,439.03 0.005001 0.000025 2275 0.02247191 0.000112387
1/30/2013 4,452.98 0.003143 0.000010 2250 -0.010989011 -3.45338E-05
1/31/2013 4,453.70 0.000162 0.000000 2250 0 0
2/1/2013 4,481.63 0.006271 0.000039 2225 -0.011111111 -6.96799E-05
2/4/2013 4,490.56 0.001993 0.000004 2200 -0.011235955 -2.23885E-05
2/5/2013 4,479.44 -0.002476 0.000006 2200 0 0
2/6/2013 4,498.98 0.004362 0.000019 2225 0.011363636 4.95699E-05
2/7/2013 4,503.15 0.000927 0.000001 2200 -0.011235955 -1.04143E-05
2/8/2013 4,491.27 -0.002638 0.000007 2150 -0.022727273 5.9958E-05
2/11/2013 4,503.25 0.002667 0.000007 2150 0 0
2/12/2013 4,548.24 0.009991 0.000100 2100 -0.023255814 -0.000232339
2/13/2013 4,571.57 0.005129 0.000026 2075 -0.011904762 -6.1065E-05
2/15/2013 4,609.79 0.008360 0.000070 2050 -0.012048193 -0.000100727
2/18/2013 4,612.05 0.000490 0.000000 2100 0.024390244 1.19576E-05
2/19/2013 4,626.99 0.003239 0.000010 2050 -0.023809524 -7.71272E-05
2/20/2013 4,634.45 0.001612 0.000003 2050 0 0
2/21/2013 4,632.40 -0.000442 0.000000 2050 0 0
2/22/2013 4,651.12 0.004041 0.000016 2025 -0.012195122 -4.92817E-05
2/25/2013 4,696.11 0.009673 0.000094 2075 0.024691358 0.000238838
2/26/2013 4,663.03 -0.007044 0.000050 2100 0.012048193 -8.4869E-05
2/27/2013 4,716.42 0.011450 0.000131 2125 0.011904762 0.000136305
2/28/2013 4,795.79 0.016828 0.000283 2200 0.035294118 0.000593945
3/1/2013 4,811.61 0.003299 0.000011 2150 -0.022727273 -7.49711E-05
3/5/2013 4,751.70 -0.012451 0.000155 2100 -0.023255814 0.000289561
3/6/2013 4,824.68 0.015359 0.000236 2125 0.011904762 0.000182842
3/7/2013 4,848.30 0.004896 0.000024 2100 -0.011764706 -5.7596E-05
3/8/2013 4,874.50 0.005404 0.000029 2150 0.023809524 0.000128666
3/11/2013 4,854.31 -0.004142 0.000017 2125 -0.011627907 4.81624E-05
3/13/2013 4,835.44 -0.003887 0.000015 2125 0 0
3/14/2013 4,786.37 -0.010148 0.000103 2150 0.011764706 -0.000119388
3/15/2013 4,819.32 0.006884 0.000047 2225 0.034883721 0.000240144
3/18/2013 4,802.83 -0.003422 0.000012 2225 0 0
3/19/2013 4,822.63 0.004123 0.000017 2275 0.02247191 9.2642E-05
3/20/2013 4,831.50 0.001839 0.000003 2275 0 0
3/21/2013 4,802.67 -0.005967 0.000036 2425 0.065934066 -0.000393435
3/22/2013 4,723.16 -0.016555 0.000274 2475 0.020618557 -0.000341348
3/25/2013 4,777.90 0.011590 0.000134 2400 -0.03030303 -0.000351203
3/26/2013 4,842.52 0.013525 0.000183 2475 0.03125 0.000422649
3/27/2013 4,928.10 0.017673 0.000312 2550 0.03030303 0.000535534
3/28/2013 4,940.99 0.002616 0.000007 2500 -0.019607843 -5.12865E-05
4/1/2013 4,937.58 -0.000690 0.000000 2725 0.09 -6.21131E-05
4/2/2013 4,957.25 0.003984 0.000016 2825 0.036697248 0.000146192
4/3/2013 4,981.47 0.004886 0.000024 2825 0 0
4/4/2013 4,922.61 -0.011816 0.000140 2725 -0.03539823 0.000418258
4/5/2013 4,926.07 0.000703 0.000000 2700 -0.009174312 -6.44843E-06
4/8/2013 4,897.52 -0.005796 0.000034 2650 -0.018518519 0.000107328
4/9/2013 4,899.59 0.000423 0.000000 2625 -0.009433962 -3.98739E-06
4/10/2013 4,877.48 -0.004513 0.000020 2550 -0.028571429 0.000128932
4/11/2013 4,924.26 0.009591 0.000092 2625 0.029411765 0.000282089
4/12/2013 4,937.21 0.002630 0.000007 2550 -0.028571429 -7.51382E-05
4/15/2013 4,894.59 -0.008632 0.000075 2475 -0.029411765 0.000253894
4/17/2013 4,998.65 0.021260 0.000452 2675 0.080808081 0.001717997
4/18/2013 5,012.64 0.002799 0.000008 2900 0.08411215 0.000235409
CONTOH PERHITUNGAN Ri, Rm, Rm2 & Rm*Ri (GJTL, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
4/19/2013 4,998.46 -0.002829 0.000008 2925 0.00862069 -2.43866E-05
4/22/2013 4,996.92 -0.000308 0.000000 2850 -0.025641026 7.89987E-06
4/23/2013 4,975.33 -0.004321 0.000019 2850 0 0
4/24/2013 5,011.61 0.007292 0.000053 2950 0.035087719 0.000255859
4/25/2013 4,994.52 -0.003410 0.000012 3125 0.059322034 -0.000202293
4/26/2013 4,978.51 -0.003206 0.000010 3125 0 0
4/29/2013 4,999.75 0.004266 0.000018 3100 -0.008 -3.41307E-05
4/30/2013 5,034.07 0.006864 0.000047 2900 -0.064516129 -0.000442861
5/1/2013 5,060.92 0.005334 0.000028 3000 0.034482759 0.000183919
5/2/2013 4,994.05 -0.013213 0.000175 2950 -0.016666667 0.000220217
5/3/2013 4,925.48 -0.013730 0.000189 2825 -0.042372881 0.000581794
5/6/2013 4,991.87 0.013479 0.000182 2875 0.017699115 0.000238564
5/7/2013 5,042.79 0.010201 0.000104 2950 0.026086957 0.000266102
5/8/2013 5,089.33 0.009229 0.000085 3000 0.016949153 0.000156424
5/10/2013 5,105.94 0.003264 0.000011 2950 -0.016666667 -5.43948E-05
5/13/2013 5,054.63 -0.010049 0.000101 3075 0.042372881 -0.000425808
5/14/2013 5,081.94 0.005403 0.000029 3050 -0.008130081 -4.39266E-05
5/15/2013 5,089.88 0.001562 0.000002 3025 -0.008196721 -1.28065E-05
5/16/2013 5,078.68 -0.002200 0.000005 3075 0.016528926 -3.6371E-05
5/17/2013 5,145.68 0.013192 0.000174 3100 0.008130081 0.000107255
5/20/2013 5,214.98 0.013468 0.000181 3075 -0.008064516 -0.00010861
5/21/2013 5,188.76 -0.005028 0.000025 3000 -0.024390244 0.00012263
5/22/2013 5,208.00 0.003708 0.000014 2950 -0.016666667 -6.18003E-05
5/23/2013 5,121.40 -0.016628 0.000276 2850 -0.033898305 0.00056367
5/24/2013 5,155.09 0.006578 0.000043 2850 0 0
5/27/2013 5,085.14 -0.013569 0.000184 2750 -0.035087719 0.000476109
5/28/2013 5,176.23 0.017913 0.000321 2950 0.072727273 0.001302762
5/29/2013 5,200.69 0.004725 0.000022 3000 0.016949153 8.00923E-05
5/30/2013 5,129.65 -0.013660 0.000187 3175 0.058333333 -0.000796817
5/31/2013 5,068.63 -0.011896 0.000142 3225 0.015748031 -0.000187331
6/3/2013 4,971.35 -0.019193 0.000368 3250 0.007751938 -0.00014878
6/4/2013 5,021.61 0.010110 0.000102 3325 0.023076923 0.000233306
6/5/2013 5,001.22 -0.004060 0.000016 3250 -0.022556391 9.15891E-05
6/7/2013 4,865.32 -0.027173 0.000738 3100 -0.046153846 0.001254156
6/10/2013 4,777.37 -0.018077 0.000327 3250 0.048387097 -0.00087469
6/11/2013 4,609.95 -0.035044 0.001228 2975 -0.084615385 0.002965294
6/12/2013 4,697.88 0.019074 0.000364 2975 0 0
6/13/2013 4,607.66 -0.019204 0.000369 2850 -0.042016807 0.000806908
6/14/2013 4,760.74 0.033223 0.001104 3050 0.070175439 0.002331434
6/17/2013 4,774.50 0.002890 0.000008 2975 -0.024590164 -7.10731E-05
6/18/2013 4,840.45 0.013813 0.000191 3200 0.075630252 0.001044678
6/19/2013 4,806.66 -0.006981 0.000049 3225 0.0078125 -5.45372E-05
6/20/2013 4,629.99 -0.036755 0.001351 3250 0.007751938 -0.000284924
6/21/2013 4,515.37 -0.024756 0.000613 3250 0 0
6/24/2013 4,429.46 -0.019026 0.000362 3100 -0.046153846 0.000878129
6/25/2013 4,418.87 -0.002391 0.000006 3250 0.048387097 -0.000115684
6/26/2013 4,587.73 0.038213 0.001460 3325 0.023076923 0.000881847
6/27/2013 4,675.75 0.019186 0.000368 3200 -0.037593985 -0.000721277
6/28/2013 4,818.90 0.030615 0.000937 3200 0 0
7/1/2013 4,777.45 -0.008602 0.000074 3200 0 0
7/2/2013 4,728.70 -0.010204 0.000104 3125 -0.0234375 0.000239161
7/3/2013 4,577.15 -0.032049 0.001027 3125 0 0
7/4/2013 4,581.93 0.001044 0.000001 3125 0 0
7/5/2013 4,602.81 0.004557 0.000021 3125 0 0
7/8/2013 4,433.62 -0.036758 0.001351 3075 -0.016 0.000588128
7/9/2013 4,403.80 -0.006726 0.000045 3025 -0.016260163 0.000109364
7/10/2013 4,478.64 0.016994 0.000289 3000 -0.008264463 -0.00014045
7/12/2013 4,633.11 0.034490 0.001190 3125 0.041666667 0.001437099
7/15/2013 4,635.73 0.000565 0.000000 3275 0.048 2.71438E-05
7/16/2013 4,644.04 0.001793 0.000003 3500 0.06870229 0.000123156
7/17/2013 4,679.00 0.007528 0.000057 3425 -0.021428571 -0.000161313
7/18/2013 4,720.44 0.008857 0.000078 3400 -0.00729927 -6.46467E-05
7/19/2013 4,724.41 0.000841 0.000001 3475 0.022058824 1.8552E-05
7/22/2013 4,678.98 -0.009616 0.000092 3550 0.021582734 -0.00020754
7/23/2013 4,767.16 0.018846 0.000355 3375 -0.049295775 -0.000929028
7/24/2013 4,718.10 -0.010291 0.000106 3225 27 -0.036444444 0.000375059
7/25/2013 4,674.12 -0.009322 0.000087 3250 0.007751938 -7.22601E-05
7/26/2013 4,658.87 -0.003263 0.000011 3250 0 0
7/29/2013 4,580.47 -0.016828 0.000283 3150 -0.030769231 0.000517788
7/30/2013 4,608.49 0.006117 0.000037 2825 -0.103174603 -0.000631148
7/31/2013 4,610.38 0.000410 0.000000 2625 -0.07079646 -2.90345E-05
8/1/2013 4,624.34 0.003028 0.000009 2700 0.028571429 8.65129E-05
8/2/2013 4,640.78 0.003555 0.000013 2625 -0.027777778 -9.87528E-05
8/9/2013 4,718.10 0.016661 0.000278 2625 0 0
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
8/12/2013 4,597.78 -0.025502 0.000650 2625 0 0
8/13/2013 4,652.40 0.011880 0.000141 2675 0.019047619 0.000226279
8/14/2013 4,699.73 0.010173 0.000103 2625 -0.018691589 -0.000190154
8/15/2013 4,685.13 -0.003107 0.000010 2625 0 0
8/16/2013 4,568.65 -0.024862 0.000618 2475 -0.057142857 0.001420665
8/19/2013 4,313.52 -0.055844 0.003119 2225 -0.101010101 0.005640771
8/20/2013 4,174.98 -0.032118 0.001032 2175 -0.02247191 0.000721744
8/21/2013 4,218.45 0.010412 0.000108 2150 -0.011494253 -0.000119678
8/22/2013 4,171.41 -0.011151 0.000124 2050 -0.046511628 0.000518652
8/23/2013 4,169.83 -0.000379 0.000000 2025 -0.012195122 4.61913E-06
8/26/2013 4,120.67 -0.011789 0.000139 1930 -0.04691358 0.000553085
8/27/2013 3,967.84 -0.037089 0.001376 1790 -0.07253886 0.002690367
8/28/2013 4,026.48 0.014779 0.000218 1750 -0.022346369 -0.000330253
8/29/2013 4,103.59 0.019151 0.000367 1810 0.034285714 0.000656596
8/30/2013 4,195.09 0.022298 0.000497 1870 0.033149171 0.000739145
9/2/2013 4,101.23 -0.022374 0.000501 1900 0.016042781 -0.000358938
9/3/2013 4,164.01 0.015308 0.000234 1890 -0.005263158 -8.05663E-05
9/4/2013 4,073.46 -0.021746 0.000473 1760 -0.068783069 0.001495747
9/5/2013 4,050.86 -0.005548 0.000031 1770 0.005681818 -3.15233E-05
9/6/2013 4,072.35 0.005305 0.000028 1760 -0.005649718 -2.9972E-05
9/9/2013 4,191.26 0.029199 0.000853 1820 0.034090909 0.000995433
9/10/2013 4,358.14 0.039816 0.001585 2075 0.14010989 0.005578642
9/11/2013 4,349.42 -0.002001 0.000004 2150 0.036144578 -7.232E-05
9/12/2013 4,356.60 0.001651 0.000003 2200 0.023255814 3.83906E-05
9/13/2013 4,375.54 0.004347 0.000019 2250 0.022727273 9.88052E-05
9/16/2013 4,522.24 0.033527 0.001124 2275 0.011111111 0.000372525
9/17/2013 4,517.62 -0.001022 0.000001 2400 0.054945055 -5.61328E-05
9/18/2013 4,463.25 -0.012035 0.000145 2350 -0.020833333 0.000250731
9/19/2013 4,670.73 0.046486 0.002161 2450 0.042553191 0.001978141
9/20/2013 4,583.83 -0.018605 0.000346 2350 -0.040816327 0.000759397
9/23/2013 4,562.86 -0.004575 0.000021 2450 0.042553191 -0.000194671
9/24/2013 4,460.41 -0.022453 0.000504 2325 -0.051020408 0.001145562
9/25/2013 4,406.77 -0.012026 0.000145 2350 0.010752688 -0.00012931
9/26/2013 4,405.89 -0.000200 0.000000 2350 0 0
9/27/2013 4,423.72 0.004047 0.000016 2375 0.010638298 4.30517E-05
9/30/2013 4,316.18 -0.024310 0.000591 2325 -0.021052632 0.000511786
10/1/2013 4,345.90 0.006886 0.000047 2275 -0.021505376 -0.00014808
10/2/2013 4,387.60 0.009595 0.000092 2275 0 0
10/3/2013 4,418.64 0.007074 0.000050 2275 0 0
10/4/2013 4,389.35 -0.006629 0.000044 2250 -0.010989011 7.28433E-05
10/7/2013 4,374.96 -0.003278 0.000011 2225 -0.011111111 3.64266E-05
10/8/2013 4,432.51 0.013154 0.000173 2200 -0.011235955 -0.000147802
10/9/2013 4,457.44 0.005624 0.000032 2375 0.079545455 0.000447392
10/10/2013 4,486.68 0.006560 0.000043 2400 0.010526316 6.90507E-05
10/11/2013 4,519.91 0.007406 0.000055 2300 -0.041666667 -0.000308599
10/16/2013 4,492.26 -0.006117 0.000037 2300 0 0
10/17/2013 4,518.93 0.005937 0.000035 2475 0.076086957 0.000451719
10/18/2013 4,546.57 0.006116 0.000037 2500 0.01010101 6.17827E-05
10/21/2013 4,578.18 0.006952 0.000048 2450 -0.02 -0.00013905
10/22/2013 4,512.74 -0.014294 0.000204 2450 0 0
10/23/2013 4,546.50 0.007481 0.000056 2400 -0.020408163 -0.000152674
10/24/2013 4,594.85 0.010635 0.000113 2375 -0.010416667 -0.000110777
10/25/2013 4,580.85 -0.003047 0.000009 2375 0 0
10/28/2013 4,590.54 0.002115 0.000004 2425 0.021052632 4.45332E-05
10/29/2013 4,562.77 -0.006049 0.000037 2425 0 0
10/30/2013 4,574.88 0.002654 0.000007 2500 0.030927835 8.20852E-05
10/31/2013 4,510.63 -0.014044 0.000197 2300 -0.08 0.001123527
11/1/2013 4,432.59 -0.017301 0.000299 2250 -0.02173913 0.000376116
11/4/2013 4,423.29 -0.002098 0.000004 2200 -0.022222222 4.66244E-05
11/6/2013 4,449.76 0.005984 0.000036 2175 -0.011363636 -6.80027E-05
11/7/2013 4,486.11 0.008169 0.000067 2100 -0.034482759 -0.000281689
11/8/2013 4,476.72 -0.002093 0.000004 2125 0.011904762 -2.49182E-05
11/11/2013 4,441.72 -0.007818 0.000061 2125 0 0
11/12/2013 4,380.64 -0.013751 0.000189 2050 -0.035294118 0.000485345
11/13/2013 4,301.89 -0.017977 0.000323 1990 -0.029268293 0.000526151
11/14/2013 4,367.37 0.015221 0.000232 1960 -0.015075377 -0.000229466
11/15/2013 4,335.45 -0.007309 0.000053 1920 -0.020408163 0.000149158
11/18/2013 4,393.59 0.013410 0.000180 1810 -0.057291667 -0.000768303
11/19/2013 4,398.34 0.001081 0.000001 1820 0.005524862 5.97304E-06
11/20/2013 4,350.79 -0.010811 0.000117 1810 -0.005494505 5.94005E-05
11/21/2013 4,326.21 -0.005650 0.000032 1800 -0.005524862 3.1213E-05
11/22/2013 4,317.96 -0.001907 0.000004 1760 -0.022222222 4.23774E-05
11/25/2013 4,334.80 0.003900 0.000015 1720 -0.022727273 -8.86361E-05
11/26/2013 4,235.26 -0.022963 0.000527 1700 -0.011627907 0.000267012
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
11/27/2013 4,251.49 0.003832 0.000015 1710 0.005882353 2.25418E-05
11/28/2013 4,233.92 -0.004133 0.000017 1710 0 0
11/29/2013 4,256.44 0.005319 0.000028 1800 0.052631579 0.000279945
12/2/2013 4,321.98 0.015398 0.000237 1900 0.055555556 0.000855436
12/3/2013 4,288.76 -0.007686 0.000059 1830 -0.036842105 0.000283179
12/4/2013 4,241.30 -0.011066 0.000122 1820 -0.005464481 6.04707E-05
12/5/2013 4,216.89 -0.005755 0.000033 1780 -0.021978022 0.00012649
12/6/2013 4,180.79 -0.008561 0.000073 1760 -0.011235955 9.61889E-05
12/9/2013 4,214.34 0.008025 0.000064 1810 0.028409091 0.000227977
12/10/2013 4,275.68 0.014555 0.000212 1870 0.033149171 0.000482488
12/11/2013 4,271.74 -0.000921 0.000001 1900 0.016042781 -1.47833E-05
12/12/2013 4,212.22 -0.013933 0.000194 1900 0 0
12/13/2013 4,174.83 -0.008877 0.000079 1870 -0.015789474 0.000140156
12/16/2013 4,125.96 -0.011706 0.000137 1790 -0.042780749 0.000500786
12/17/2013 4,182.35 0.013667 0.000187 1750 -0.022346369 -0.000305411
12/18/2013 4,196.28 0.003331 0.000011 1730 -0.011428571 -3.80647E-05
12/19/2013 4,231.98 0.008508 0.000072 1710 -0.011560694 -9.8353E-05
12/20/2013 4,195.56 -0.008606 0.000074 1740 0.01754386 -0.000150981
12/23/2013 4,189.61 -0.001418 0.000002 1710 -0.017241379 2.44511E-05
12/24/2013 4,202.83 0.003155 0.000010 1710 0 0
12/27/2013 4,212.98 0.002415 0.000006 1710 0 0
12/30/2013 4,274.18 0.014527 0.000211 1680 -0.01754386 -0.000254851
TOTAL 0.012745 0.045176 -0.144046282 0.044986832
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date Close Rm Rm2Close Dividen Ri Rm*Ri
12/28/2012 4,316.69 7650
1/2/2013 4,346.48 0.006901 0.000048 7700 0.006535948 4.51054E-05
1/3/2013 4,399.26 0.012143 0.000147 8200 0.064935065 0.000788517
1/4/2013 4,410.02 0.002446 0.000006 7000 -0.146341463 -0.000357932
1/7/2013 4,392.38 -0.004000 0.000016 6900 -0.014285714 5.71426E-05
1/9/2013 4,362.93 -0.006705 0.000045 6750 -0.02173913 0.000145756
1/10/2013 4,317.37 -0.010443 0.000109 6600 -0.022222222 0.000232056
1/11/2013 4,305.91 -0.002654 0.000007 6600 0 0
1/14/2013 4,382.50 0.017787 0.000316 7100 0.075757576 0.001347514
1/15/2013 4,400.82 0.004180 0.000017 6900 -0.028169014 -0.000117754
1/16/2013 4,410.96 0.002304 0.000005 6500 -0.057971014 -0.000133572
1/17/2013 4,398.38 -0.002852 0.000008 6950 0.069230769 -0.000197445
1/18/2013 4,465.48 0.015256 0.000233 6850 -0.014388489 -0.000219505
1/21/2013 4,439.97 -0.005713 0.000033 6650 -0.02919708 0.000166795
1/22/2013 4,416.55 -0.005275 0.000028 6650 0 0
1/23/2013 4,418.73 0.000494 0.000000 6550 -0.015037594 -7.42253E-06
1/25/2013 4,437.60 0.004270 0.000018 6700 0.022900763 9.77967E-05
1/28/2013 4,416.94 -0.004656 0.000022 6250 -0.067164179 0.000312694
1/29/2013 4,439.03 0.005001 0.000025 6200 -0.008 -4.00096E-05
1/30/2013 4,452.98 0.003143 0.000010 6200 0 0
1/31/2013 4,453.70 0.000162 0.000000 6400 0.032258065 5.21579E-06
2/1/2013 4,481.63 0.006271 0.000039 6500 0.015625 9.79873E-05
2/4/2013 4,490.56 0.001993 0.000004 6350 -0.023076923 -4.59826E-05
2/5/2013 4,479.44 -0.002476 0.000006 6150 -0.031496063 7.79939E-05
2/6/2013 4,498.98 0.004362 0.000019 6000 -0.024390244 -0.000106394
2/7/2013 4,503.15 0.000927 0.000001 6250 0.041666667 3.86199E-05
2/8/2013 4,491.27 -0.002638 0.000007 5900 -0.056 0.000147737
2/11/2013 4,503.25 0.002667 0.000007 5400 -0.084745763 -0.000226051
2/12/2013 4,548.24 0.009991 0.000100 5100 -0.055555556 -0.000555031
2/13/2013 4,571.57 0.005129 0.000026 5000 -0.019607843 -0.000100578
2/15/2013 4,609.79 0.008360 0.000070 4900 -0.02 -0.000167207
2/18/2013 4,612.05 0.000490 0.000000 4850 -0.010204082 -5.00266E-06
2/19/2013 4,626.99 0.003239 0.000010 4875 0.005154639 1.66976E-05
2/20/2013 4,634.45 0.001612 0.000003 4950 0.015384615 2.48043E-05
2/21/2013 4,632.40 -0.000442 0.000000 4950 0 0
2/22/2013 4,651.12 0.004041 0.000016 4825 -0.025252525 -0.000102048
2/25/2013 4,696.11 0.009673 0.000094 4800 -0.005181347 -5.01189E-05
2/26/2013 4,663.03 -0.007044 0.000050 4800 0 0
2/27/2013 4,716.42 0.011450 0.000131 4800 0 0
2/28/2013 4,795.79 0.016828 0.000283 4800 0 0
3/1/2013 4,811.61 0.003299 0.000011 4800 0 0
3/5/2013 4,751.70 -0.012451 0.000155 4500 -0.0625 0.000778196
3/6/2013 4,824.68 0.015359 0.000236 4700 0.044444444 0.000682609
3/7/2013 4,848.30 0.004896 0.000024 4700 0 0
3/8/2013 4,874.50 0.005404 0.000029 4600 -0.021276596 -0.000114978
3/11/2013 4,854.31 -0.004142 0.000017 4600 0 0
3/13/2013 4,835.44 -0.003887 0.000015 4725 0.027173913 -0.000105632
3/14/2013 4,786.37 -0.010148 0.000103 4750 0.005291005 -5.36931E-05
3/15/2013 4,819.32 0.006884 0.000047 4700 -0.010526316 -7.24645E-05
3/18/2013 4,802.83 -0.003422 0.000012 4800 0.021276596 -7.28009E-05
3/19/2013 4,822.63 0.004123 0.000017 5000 0.041666667 0.000171774
3/20/2013 4,831.50 0.001839 0.000003 4700 -0.06 -0.000110355
3/21/2013 4,802.67 -0.005967 0.000036 4950 0.053191489 -0.000317398
3/22/2013 4,723.16 -0.016555 0.000274 4700 -0.050505051 0.00083613
3/25/2013 4,777.90 0.011590 0.000134 4600 -0.021276596 -0.000246589
3/26/2013 4,842.52 0.013525 0.000183 4500 -0.02173913 -0.000294017
3/27/2013 4,928.10 0.017673 0.000312 4800 0.066666667 0.001178174
3/28/2013 4,940.99 0.002616 0.000007 4525 -0.057291667 -0.000149853
4/1/2013 4,937.58 -0.000690 0.000000 4750 0.049723757 -3.43166E-05
4/2/2013 4,957.25 0.003984 0.000016 4650 -0.021052632 -8.38681E-05
4/3/2013 4,981.47 0.004886 0.000024 4650 0 0
4/4/2013 4,922.61 -0.011816 0.000140 4700 0.010752688 -0.000127051
4/5/2013 4,926.07 0.000703 0.000000 4700 0 0
4/8/2013 4,897.52 -0.005796 0.000034 4775 0.015957447 -9.24845E-05
4/9/2013 4,899.59 0.000423 0.000000 4775 0 0
4/10/2013 4,877.48 -0.004513 0.000020 4775 0 0
4/11/2013 4,924.26 0.009591 0.000092 4775 0 0
4/12/2013 4,937.21 0.002630 0.000007 5000 0.047120419 0.000123919
4/15/2013 4,894.59 -0.008632 0.000075 5000 0 0
4/17/2013 4,998.65 0.021260 0.000452 4950 -0.01 -0.000212602
4/18/2013 5,012.64 0.002799 0.000008 4975 0.005050505 1.41351E-05
CONTOH PERHITUNGAN Ri, Rm, Rm2 & Rm*Ri (LPIN, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
4/19/2013 4,998.46 -0.002829 0.000008 4975 0 0
4/22/2013 4,996.92 -0.000308 0.000000 4975 0 0
4/23/2013 4,975.33 -0.004321 0.000019 4975 0 0
4/24/2013 5,011.61 0.007292 0.000053 4800 -0.035175879 -0.000256502
4/25/2013 4,994.52 -0.003410 0.000012 4800 0 0
4/26/2013 4,978.51 -0.003206 0.000010 4700 -0.020833333 6.67815E-05
4/29/2013 4,999.75 0.004266 0.000018 4700 0 0
4/30/2013 5,034.07 0.006864 0.000047 4725 0.005319149 3.65125E-05
5/1/2013 5,060.92 0.005334 0.000028 4750 0.005291005 2.82204E-05
5/2/2013 4,994.05 -0.013213 0.000175 4750 0 0
5/3/2013 4,925.48 -0.013730 0.000189 4875 0.026315789 -0.000361325
5/6/2013 4,991.87 0.013479 0.000182 4875 0 0
5/7/2013 5,042.79 0.010201 0.000104 5000 0.025641026 0.000261553
5/8/2013 5,089.33 0.009229 0.000085 5300 0.06 0.000553741
5/10/2013 5,105.94 0.003264 0.000011 6350 0.198113208 0.00064658
5/13/2013 5,054.63 -0.010049 0.000101 7000 0.102362205 -0.001028646
5/14/2013 5,081.94 0.005403 0.000029 6900 -0.014285714 -7.71852E-05
5/15/2013 5,089.88 0.001562 0.000002 6800 -0.014492754 -2.26434E-05
5/16/2013 5,078.68 -0.002200 0.000005 6700 -0.014705882 3.23595E-05
5/17/2013 5,145.68 0.013192 0.000174 6450 -0.037313433 -0.000492254
5/20/2013 5,214.98 0.013468 0.000181 6000 -0.069767442 -0.000939601
5/21/2013 5,188.76 -0.005028 0.000025 5750 -0.041666667 0.000209493
5/22/2013 5,208.00 0.003708 0.000014 6000 0.043478261 0.000161218
5/23/2013 5,121.40 -0.016628 0.000276 6000 0 0
5/24/2013 5,155.09 0.006578 0.000043 6000 0 0
5/27/2013 5,085.14 -0.013569 0.000184 5650 -0.058333333 0.000791532
5/28/2013 5,176.23 0.017913 0.000321 5650 0 0
5/29/2013 5,200.69 0.004725 0.000022 5700 0.008849558 4.18181E-05
5/30/2013 5,129.65 -0.013660 0.000187 5700 0 0
5/31/2013 5,068.63 -0.011896 0.000142 5650 -0.00877193 0.000104347
6/3/2013 4,971.35 -0.019193 0.000368 5650 0 0
6/4/2013 5,021.61 0.010110 0.000102 5650 0 0
6/5/2013 5,001.22 -0.004060 0.000016 5700 0.008849558 -3.59332E-05
6/7/2013 4,865.32 -0.027173 0.000738 5600 -0.01754386 0.000476726
6/10/2013 4,777.37 -0.018077 0.000327 5300 -0.053571429 0.000968406
6/11/2013 4,609.95 -0.035044 0.001228 5350 0.009433962 -0.000330607
6/12/2013 4,697.88 0.019074 0.000364 5350 0 0
6/13/2013 4,607.66 -0.019204 0.000369 5050 -0.056074766 0.001076883
6/14/2013 4,760.74 0.033223 0.001104 5000 -0.00990099 -0.00032894
6/17/2013 4,774.50 0.002890 0.000008 5000 0 0
6/18/2013 4,840.45 0.013813 0.000191 5000 0 0
6/19/2013 4,806.66 -0.006981 0.000049 5000 0 0
6/20/2013 4,629.99 -0.036755 0.001351 5000 0 0
6/21/2013 4,515.37 -0.024756 0.000613 5000 0 0
6/24/2013 4,429.46 -0.019026 0.000362 5000 0 0
6/25/2013 4,418.87 -0.002391 0.000006 4600 -0.08 0.000191265
6/26/2013 4,587.73 0.038213 0.001460 4550 -0.010869565 -0.000415363
6/27/2013 4,675.75 0.019186 0.000368 4500 -0.010989011 -0.000210835
6/28/2013 4,818.90 0.030615 0.000937 4500 0 0
7/1/2013 4,777.45 -0.008602 0.000074 4700 0.044444444 -0.000382291
7/2/2013 4,728.70 -0.010204 0.000104 4250 -0.095744681 0.000976997
7/3/2013 4,577.15 -0.032049 0.001027 4300 0.011764706 -0.000377047
7/4/2013 4,581.93 0.001044 0.000001 4250 -0.011627907 -1.21432E-05
7/5/2013 4,602.81 0.004557 0.000021 4225 -0.005882353 -2.68061E-05
7/8/2013 4,433.62 -0.036758 0.001351 4225 0 0
7/9/2013 4,403.80 -0.006726 0.000045 4225 0 0
7/10/2013 4,478.64 0.016994 0.000289 4225 0 0
7/12/2013 4,633.11 0.034490 0.001190 4225 0 0
7/15/2013 4,635.73 0.000565 0.000000 4375 0.035502959 2.00767E-05
7/16/2013 4,644.04 0.001793 0.000003 4375 0 0
7/17/2013 4,679.00 0.007528 0.000057 4375 0 0
7/18/2013 4,720.44 0.008857 0.000078 4375 0 0
7/19/2013 4,724.41 0.000841 0.000001 4375 0 0
7/22/2013 4,678.98 -0.009616 0.000092 4300 -0.017142857 0.000164846
7/23/2013 4,767.16 0.018846 0.000355 4300 0 0
7/24/2013 4,718.10 -0.010291 0.000106 4300 0 0
7/25/2013 4,674.12 -0.009322 0.000087 4500 0.046511628 -0.00043356
7/26/2013 4,658.87 -0.003263 0.000011 4350 -0.033333333 0.000108755
7/29/2013 4,580.47 -0.016828 0.000283 4300 -0.011494253 0.000193427
7/30/2013 4,608.49 0.006117 0.000037 4300 0 0
7/31/2013 4,610.38 0.000410 0.000000 4300 0 0
8/1/2013 4,624.34 0.003028 0.000009 4300 0 0
8/2/2013 4,640.78 0.003555 0.000013 4300 0 0
8/9/2013 4,718.10 0.016661 0.000278 4300 0 0
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
8/12/2013 4,597.78 -0.025502 0.000650 4300 0 0
8/13/2013 4,652.40 0.011880 0.000141 4300 0 0
8/14/2013 4,699.73 0.010173 0.000103 4300 0 0
8/15/2013 4,685.13 -0.003107 0.000010 4350 0.011627907 -3.61228E-05
8/16/2013 4,568.65 -0.024862 0.000618 4350 0 0
8/19/2013 4,313.52 -0.055844 0.003119 4100 -0.057471264 0.003209404
8/20/2013 4,174.98 -0.032118 0.001032 4100 0 0
8/21/2013 4,218.45 0.010412 0.000108 4100 0 0
8/22/2013 4,171.41 -0.011151 0.000124 4100 0 0
8/23/2013 4,169.83 -0.000379 0.000000 4100 0 0
8/26/2013 4,120.67 -0.011789 0.000139 3975 -0.030487805 0.000359434
8/27/2013 3,967.84 -0.037089 0.001376 3875 -0.025157233 0.000933047
8/28/2013 4,026.48 0.014779 0.000218 3875 0 0
8/29/2013 4,103.59 0.019151 0.000367 3875 0 0
8/30/2013 4,195.09 0.022298 0.000497 4300 0.109677419 0.002445538
9/2/2013 4,101.23 -0.022374 0.000501 4300 0 0
9/3/2013 4,164.01 0.015308 0.000234 4300 0 0
9/4/2013 4,073.46 -0.021746 0.000473 4650 0.081395349 -0.001770012
9/5/2013 4,050.86 -0.005548 0.000031 4650 0 0
9/6/2013 4,072.35 0.005305 0.000028 4650 0 0
9/9/2013 4,191.26 0.029199 0.000853 4600 -0.010752688 -0.000313972
9/10/2013 4,358.14 0.039816 0.001585 4600 0 0
9/11/2013 4,349.42 -0.002001 0.000004 4600 0 0
9/12/2013 4,356.60 0.001651 0.000003 4750 0.032608696 5.38303E-05
9/13/2013 4,375.54 0.004347 0.000019 4750 0 0
9/16/2013 4,522.24 0.033527 0.001124 4750 0 0
9/17/2013 4,517.62 -0.001022 0.000001 4750 0 0
9/18/2013 4,463.25 -0.012035 0.000145 5000 0.052631579 -0.000633426
9/19/2013 4,670.73 0.046486 0.002161 5000 0 0
9/20/2013 4,583.83 -0.018605 0.000346 5000 0 0
9/23/2013 4,562.86 -0.004575 0.000021 5000 0 0
9/24/2013 4,460.41 -0.022453 0.000504 4675 -0.065 0.001459446
9/25/2013 4,406.77 -0.012026 0.000145 4900 0.048128342 -0.000578782
9/26/2013 4,405.89 -0.000200 0.000000 4900 0 0
9/27/2013 4,423.72 0.004047 0.000016 4700 -0.040816327 -0.000165178
9/30/2013 4,316.18 -0.024310 0.000591 4825 0.026595745 -0.000646539
10/1/2013 4,345.90 0.006886 0.000047 4900 0.015544041 0.000107032
10/2/2013 4,387.60 0.009595 0.000092 4625 -0.056122449 -0.000538509
10/3/2013 4,418.64 0.007074 0.000050 4600 -0.005405405 -3.82404E-05
10/4/2013 4,389.35 -0.006629 0.000044 4200 -0.086956522 0.000576412
10/7/2013 4,374.96 -0.003278 0.000011 4200 0 0
10/8/2013 4,432.51 0.013154 0.000173 4175 -0.005952381 -7.83E-05
10/9/2013 4,457.44 0.005624 0.000032 4175 0 0
10/10/2013 4,486.68 0.006560 0.000043 4375 0.047904192 0.000314243
10/11/2013 4,519.91 0.007406 0.000055 4400 0.005714286 4.23221E-05
10/16/2013 4,492.26 -0.006117 0.000037 4650 0.056818182 -0.000347578
10/17/2013 4,518.93 0.005937 0.000035 4250 -0.086021505 -0.000510699
10/18/2013 4,546.57 0.006116 0.000037 4325 0.017647059 0.000107938
10/21/2013 4,578.18 0.006952 0.000048 4450 0.028901734 0.000200939
10/22/2013 4,512.74 -0.014294 0.000204 4450 0 0
10/23/2013 4,546.50 0.007481 0.000056 4500 0.011235955 8.40567E-05
10/24/2013 4,594.85 0.010635 0.000113 4425 -0.016666667 -0.000177243
10/25/2013 4,580.85 -0.003047 0.000009 4450 0.005649718 -1.72141E-05
10/28/2013 4,590.54 0.002115 0.000004 4375 -0.016853933 -3.56516E-05
10/29/2013 4,562.77 -0.006049 0.000037 4300 -0.017142857 0.000103704
10/30/2013 4,574.88 0.002654 0.000007 4500 0.046511628 0.000123446
10/31/2013 4,510.63 -0.014044 0.000197 4500 0 0
11/1/2013 4,432.59 -0.017301 0.000299 4500 0 0
11/4/2013 4,423.29 -0.002098 0.000004 4500 0 0
11/6/2013 4,449.76 0.005984 0.000036 4500 0 0
11/7/2013 4,486.11 0.008169 0.000067 4275 -0.05 -0.000408449
11/8/2013 4,476.72 -0.002093 0.000004 4400 0.029239766 -6.12026E-05
11/11/2013 4,441.72 -0.007818 0.000061 4400 0 0
11/12/2013 4,380.64 -0.013751 0.000189 4400 0 0
11/13/2013 4,301.89 -0.017977 0.000323 4550 0.034090909 -0.000612846
11/14/2013 4,367.37 0.015221 0.000232 4550 0 0
11/15/2013 4,335.45 -0.007309 0.000053 4550 0 0
11/18/2013 4,393.59 0.013410 0.000180 4550 0 0
11/19/2013 4,398.34 0.001081 0.000001 4550 0 0
11/20/2013 4,350.79 -0.010811 0.000117 3950 -0.131868132 0.001425613
11/21/2013 4,326.21 -0.005650 0.000032 4325 0.094936709 -0.00053635
11/22/2013 4,317.96 -0.001907 0.000004 4175 -0.034682081 6.61381E-05
11/25/2013 4,334.80 0.003900 0.000015 4425 0.05988024 0.000233532
11/26/2013 4,235.26 -0.022963 0.000527 4500 0.016949153 -0.000389203
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
11/27/2013 4,251.49 0.003832 0.000015 4100 -0.088888889 -0.000340632
11/28/2013 4,233.92 -0.004133 0.000017 4150 0.012195122 -5.03984E-05
11/29/2013 4,256.44 0.005319 0.000028 3850 -0.072289157 -0.000384502
12/2/2013 4,321.98 0.015398 0.000237 4100 0.064935065 0.00099986
12/3/2013 4,288.76 -0.007686 0.000059 4875 0.18902439 -0.001452897
12/4/2013 4,241.30 -0.011066 0.000122 4875 0 0
12/5/2013 4,216.89 -0.005755 0.000033 4950 0.015384615 -8.85432E-05
12/6/2013 4,180.79 -0.008561 0.000073 4950 0 0
12/9/2013 4,214.34 0.008025 0.000064 5100 0.03030303 0.000243176
12/10/2013 4,275.68 0.014555 0.000212 5100 0 0
12/11/2013 4,271.74 -0.000921 0.000001 5300 0.039215686 -3.61369E-05
12/12/2013 4,212.22 -0.013933 0.000194 5300 0 0
12/13/2013 4,174.83 -0.008877 0.000079 5300 0 0
12/16/2013 4,125.96 -0.011706 0.000137 5300 0 0
12/17/2013 4,182.35 0.013667 0.000187 4400 -0.169811321 -0.002320832
12/18/2013 4,196.28 0.003331 0.000011 4950 0.125 0.000416333
12/19/2013 4,231.98 0.008508 0.000072 5000 0.01010101 8.59347E-05
12/20/2013 4,195.56 -0.008606 0.000074 5000 0 0
12/23/2013 4,189.61 -0.001418 0.000002 5000 0 0
12/24/2013 4,202.83 0.003155 0.000010 5000 0 0
12/27/2013 4,212.98 0.002415 0.000006 5000 0 0
12/30/2013 4,274.18 0.014527 0.000211 5000 0 0
TOTAL 0.012745 0.045176 -0.224572534 0.005268989
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Date IHSG Rm Rm2Close Dividen Ri Rm*Ri
12/28/2012 4,316.69 255
1/2/2013 4,346.48 0.006901 0.000048 260 0.019607843 0.000135316
1/3/2013 4,399.26 0.012143 0.000147 260 0 0
1/4/2013 4,410.02 0.002446 0.000006 260 0 0
1/7/2013 4,392.38 -0.004000 0.000016 310 0.192307692 -0.000769227
1/9/2013 4,362.93 -0.006705 0.000045 275 -0.112903226 0.000756993
1/10/2013 4,317.37 -0.010443 0.000109 265 -0.036363636 0.000379728
1/11/2013 4,305.91 -0.002654 0.000007 265 0 0
1/14/2013 4,382.50 0.017787 0.000316 265 0 0
1/15/2013 4,400.82 0.004180 0.000017 250 -0.056603774 -0.000236619
1/16/2013 4,410.96 0.002304 0.000005 265 0.06 0.000138247
1/17/2013 4,398.38 -0.002852 0.000008 265 0 0
1/18/2013 4,465.48 0.015256 0.000233 265 0 0
1/21/2013 4,439.97 -0.005713 0.000033 265 0 0
1/22/2013 4,416.55 -0.005275 0.000028 265 0 0
1/23/2013 4,418.73 0.000494 0.000000 260 -0.018867925 -9.31317E-06
1/25/2013 4,437.60 0.004270 0.000018 255 -0.019230769 -8.21242E-05
1/28/2013 4,416.94 -0.004656 0.000022 240 -0.058823529 0.000273863
1/29/2013 4,439.03 0.005001 0.000025 250 0.041666667 0.000208383
1/30/2013 4,452.98 0.003143 0.000010 250 0 0
1/31/2013 4,453.70 0.000162 0.000000 265 0.06 9.70137E-06
2/1/2013 4,481.63 0.006271 0.000039 290 0.094339623 0.000591622
2/4/2013 4,490.56 0.001993 0.000004 270 -0.068965517 -0.000137419
2/5/2013 4,479.44 -0.002476 0.000006 265 -0.018518519 4.58575E-05
2/6/2013 4,498.98 0.004362 0.000019 265 0 0
2/7/2013 4,503.15 0.000927 0.000001 275 0.037735849 3.49765E-05
2/8/2013 4,491.27 -0.002638 0.000007 275 0 0
2/11/2013 4,503.25 0.002667 0.000007 340 0.236363636 0.000630476
2/12/2013 4,548.24 0.009991 0.000100 325 -0.044117647 -0.00044076
2/13/2013 4,571.57 0.005129 0.000026 305 -0.061538462 -0.000315659
2/15/2013 4,609.79 0.008360 0.000070 280 -0.081967213 -0.000685276
2/18/2013 4,612.05 0.000490 0.000000 275 -0.017857143 -8.75466E-06
2/19/2013 4,626.99 0.003239 0.000010 270 -0.018181818 -5.88971E-05
2/20/2013 4,634.45 0.001612 0.000003 285 0.055555556 8.95711E-05
2/21/2013 4,632.40 -0.000442 0.000000 275 -0.035087719 1.55207E-05
2/22/2013 4,651.12 0.004041 0.000016 270 -0.018181818 -7.34746E-05
2/25/2013 4,696.11 0.009673 0.000094 265 -0.018518519 -0.000179128
2/26/2013 4,663.03 -0.007044 0.000050 265 0 0
2/27/2013 4,716.42 0.011450 0.000131 275 0.037735849 0.000432062
2/28/2013 4,795.79 0.016828 0.000283 275 0 0
3/1/2013 4,811.61 0.003299 0.000011 275 0 0
3/5/2013 4,751.70 -0.012451 0.000155 305 0.109090909 -0.001358306
3/6/2013 4,824.68 0.015359 0.000236 355 0.163934426 0.002517822
3/7/2013 4,848.30 0.004896 0.000024 360 0.014084507 6.8953E-05
3/8/2013 4,874.50 0.005404 0.000029 410 0.138888889 0.000750549
3/11/2013 4,854.31 -0.004142 0.000017 440 0.073170732 -0.00030307
3/13/2013 4,835.44 -0.003887 0.000015 430 -0.022727273 8.8347E-05
3/14/2013 4,786.37 -0.010148 0.000103 425 -0.011627907 0.000118
3/15/2013 4,819.32 0.006884 0.000047 495 0.164705882 0.001133857
3/18/2013 4,802.83 -0.003422 0.000012 480 -0.03030303 0.000103686
3/19/2013 4,822.63 0.004123 0.000017 485 0.010416667 4.29434E-05
3/20/2013 4,831.50 0.001839 0.000003 470 -0.030927835 -5.68839E-05
3/21/2013 4,802.67 -0.005967 0.000036 475 0.010638298 -6.34797E-05
3/22/2013 4,723.16 -0.016555 0.000274 480 0.010526316 -0.000174267
3/25/2013 4,777.90 0.011590 0.000134 480 0 0
3/26/2013 4,842.52 0.013525 0.000183 480 0 0
3/27/2013 4,928.10 0.017673 0.000312 490 0.020833333 0.00036818
3/28/2013 4,940.99 0.002616 0.000007 500 0.020408163 5.33798E-05
4/1/2013 4,937.58 -0.000690 0.000000 500 0 0
4/2/2013 4,957.25 0.003984 0.000016 520 0.04 0.000159349
4/3/2013 4,981.47 0.004886 0.000024 520 0 0
4/4/2013 4,922.61 -0.011816 0.000140 530 0.019230769 -0.000227227
4/5/2013 4,926.07 0.000703 0.000000 570 0.075471698 5.30475E-05
4/8/2013 4,897.52 -0.005796 0.000034 485 -0.149122807 0.00086427
4/9/2013 4,899.59 0.000423 0.000000 420 -0.134020619 -5.66455E-05
4/10/2013 4,877.48 -0.004513 0.000020 395 -0.05952381 0.000268608
4/11/2013 4,924.26 0.009591 0.000092 380 -0.037974684 -0.000364216
4/12/2013 4,937.21 0.002630 0.000007 390 0.026315789 6.92062E-05
4/15/2013 4,894.59 -0.008632 0.000075 375 -0.038461538 0.000332016
4/17/2013 4,998.65 0.021260 0.000452 380 0.013333333 0.000283469
4/18/2013 5,012.64 0.002799 0.000008 375 -0.013157895 -3.68257E-05
CONTOH PERHITUNGAN Ri, Rm, Rm2 & Rm*Ri (PRAS, 2013)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
4/19/2013 4,998.46 -0.002829 0.000008 380 0.013333333 -3.7718E-05
4/22/2013 4,996.92 -0.000308 0.000000 380 0 0
4/23/2013 4,975.33 -0.004321 0.000019 380 0 0
4/24/2013 5,011.61 0.007292 0.000053 365 -0.039473684 -0.000287841
4/25/2013 4,994.52 -0.003410 0.000012 355 -0.02739726 9.34269E-05
4/26/2013 4,978.51 -0.003206 0.000010 360 0.014084507 -4.51481E-05
4/29/2013 4,999.75 0.004266 0.000018 355 -0.013888889 -5.92547E-05
4/30/2013 5,034.07 0.006864 0.000047 350 -0.014084507 -9.66809E-05
5/1/2013 5,060.92 0.005334 0.000028 355 0.014285714 7.61951E-05
5/2/2013 4,994.05 -0.013213 0.000175 350 -0.014084507 0.000186099
5/3/2013 4,925.48 -0.013730 0.000189 330 -0.057142857 0.000784591
5/6/2013 4,991.87 0.013479 0.000182 300 -0.090909091 -0.001225354
5/7/2013 5,042.79 0.010201 0.000104 295 -0.016666667 -0.00017001
5/8/2013 5,089.33 0.009229 0.000085 295 0 0
5/10/2013 5,105.94 0.003264 0.000011 295 0 0
5/13/2013 5,054.63 -0.010049 0.000101 285 -0.033898305 0.000340647
5/14/2013 5,081.94 0.005403 0.000029 285 0 0
5/15/2013 5,089.88 0.001562 0.000002 355 0.245614035 0.000383746
5/16/2013 5,078.68 -0.002200 0.000005 375 0.056338028 -0.000123969
5/17/2013 5,145.68 0.013192 0.000174 375 0 0
5/20/2013 5,214.98 0.013468 0.000181 355 -0.053333333 -0.000718272
5/21/2013 5,188.76 -0.005028 0.000025 360 0.014084507 -7.08144E-05
5/22/2013 5,208.00 0.003708 0.000014 360 0 0
5/23/2013 5,121.40 -0.016628 0.000276 350 -0.027777778 0.000461896
5/24/2013 5,155.09 0.006578 0.000043 345 -0.014285714 -9.39754E-05
5/27/2013 5,085.14 -0.013569 0.000184 330 -0.043478261 0.000589961
5/28/2013 5,176.23 0.017913 0.000321 325 -0.015151515 -0.000271409
5/29/2013 5,200.69 0.004725 0.000022 325 0 0
5/30/2013 5,129.65 -0.013660 0.000187 335 0.030769231 -0.000420299
5/31/2013 5,068.63 -0.011896 0.000142 320 -0.044776119 0.000532636
6/3/2013 4,971.35 -0.019193 0.000368 325 0.015625 -0.000299884
6/4/2013 5,021.61 0.010110 0.000102 325 0 0
6/5/2013 5,001.22 -0.004060 0.000016 320 -0.015384615 6.24685E-05
6/7/2013 4,865.32 -0.027173 0.000738 320 0 0
6/10/2013 4,777.37 -0.018077 0.000327 320 0 0
6/11/2013 4,609.95 -0.035044 0.001228 300 -0.0625 0.002190274
6/12/2013 4,697.88 0.019074 0.000364 305 0.016666667 0.000317899
6/13/2013 4,607.66 -0.019204 0.000369 295 -0.032786885 0.000629653
6/14/2013 4,760.74 0.033223 0.001104 295 0 0
6/17/2013 4,774.50 0.002890 0.000008 295 0 0
6/18/2013 4,840.45 0.013813 0.000191 290 -0.016949153 -0.000234118
6/19/2013 4,806.66 -0.006981 0.000049 295 0.017241379 -0.000120358
6/20/2013 4,629.99 -0.036755 0.001351 275 -0.06779661 0.002491881
6/21/2013 4,515.37 -0.024756 0.000613 300 0.090909091 -0.002250545
6/24/2013 4,429.46 -0.019026 0.000362 270 -0.1 0.001902613
6/25/2013 4,418.87 -0.002391 0.000006 255 -0.055555556 0.000132823
6/26/2013 4,587.73 0.038213 0.001460 270 0.058823529 0.002247846
6/27/2013 4,675.75 0.019186 0.000368 260 -0.037037037 -0.000710591
6/28/2013 4,818.90 0.030615 0.000937 260 0 0
7/1/2013 4,777.45 -0.008602 0.000074 265 0.019230769 -0.000165414
7/2/2013 4,728.70 -0.010204 0.000104 275 0.037735849 -0.000385064
7/3/2013 4,577.15 -0.032049 0.001027 250 -0.090909091 0.002913543
7/4/2013 4,581.93 0.001044 0.000001 250 0 0
7/5/2013 4,602.81 0.004557 0.000021 250 0 0
7/8/2013 4,433.62 -0.036758 0.001351 240 -0.04 0.001470319
7/9/2013 4,403.80 -0.006726 0.000045 225 -0.0625 0.000420368
7/10/2013 4,478.64 0.016994 0.000289 225 0 0
7/12/2013 4,633.11 0.034490 0.001190 230 0.022222222 0.000766453
7/15/2013 4,635.73 0.000565 0.000000 230 0 0
7/16/2013 4,644.04 0.001793 0.000003 235 0.02173913 3.89695E-05
7/17/2013 4,679.00 0.007528 0.000057 230 -0.021276596 -0.000160169
7/18/2013 4,720.44 0.008857 0.000078 235 0.02173913 0.000192535
7/19/2013 4,724.41 0.000841 0.000001 230 -0.021276596 -1.78941E-05
7/22/2013 4,678.98 -0.009616 0.000092 240 0.043478261 -0.000418088
7/23/2013 4,767.16 0.018846 0.000355 230 -0.041666667 -0.000785249
7/24/2013 4,718.10 -0.010291 0.000106 230 0 0
7/25/2013 4,674.12 -0.009322 0.000087 230 0 0
7/26/2013 4,658.87 -0.003263 0.000011 230 0 0
7/29/2013 4,580.47 -0.016828 0.000283 235 0.02173913 -0.000365829
7/30/2013 4,608.49 0.006117 0.000037 235 0 0
7/31/2013 4,610.38 0.000410 0.000000 235 0 0
8/1/2013 4,624.34 0.003028 0.000009 235 0 0
8/2/2013 4,640.78 0.003555 0.000013 240 0.021276596 7.56405E-05
8/9/2013 4,718.10 0.016661 0.000278 240 0 0
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
8/12/2013 4,597.78 -0.025502 0.000650 240 0 0
8/13/2013 4,652.40 0.011880 0.000141 235 -0.020833333 -0.000247493
8/14/2013 4,699.73 0.010173 0.000103 230 -0.021276596 -0.000216452
8/15/2013 4,685.13 -0.003107 0.000010 225 -0.02173913 6.75339E-05
8/16/2013 4,568.65 -0.024862 0.000618 220 -0.022222222 0.000552481
8/19/2013 4,313.52 -0.055844 0.003119 205 -0.068181818 0.00380752
8/20/2013 4,174.98 -0.032118 0.001032 200 -0.024390244 0.000783357
8/21/2013 4,218.45 0.010412 0.000108 205 0.025 0.000260301
8/22/2013 4,171.41 -0.011151 0.000124 192 -0.063414634 0.000707138
8/23/2013 4,169.83 -0.000379 0.000000 193 0.005208333 -1.97275E-06
8/26/2013 4,120.67 -0.011789 0.000139 193 0 0
8/27/2013 3,967.84 -0.037089 0.001376 180 -0.067357513 0.002498198
8/28/2013 4,026.48 0.014779 0.000218 161 -0.105555556 -0.001559987
8/29/2013 4,103.59 0.019151 0.000367 167 0.037267081 0.000713692
8/30/2013 4,195.09 0.022298 0.000497 162 -0.02994012 -0.000667591
9/2/2013 4,101.23 -0.022374 0.000501 161 -0.00617284 0.00013811
9/3/2013 4,164.01 0.015308 0.000234 164 0.01863354 0.000285235
9/4/2013 4,073.46 -0.021746 0.000473 162 -0.012195122 0.000265193
9/5/2013 4,050.86 -0.005548 0.000031 161 -0.00617284 3.42476E-05
9/6/2013 4,072.35 0.005305 0.000028 163 0.01242236 6.59012E-05
9/9/2013 4,191.26 0.029199 0.000853 163 0 0
9/10/2013 4,358.14 0.039816 0.001585 166 0.018404908 0.000732813
9/11/2013 4,349.42 -0.002001 0.000004 167 0.006024096 -1.20533E-05
9/12/2013 4,356.60 0.001651 0.000003 163 -0.023952096 -3.954E-05
9/13/2013 4,375.54 0.004347 0.000019 164 0.006134969 2.66713E-05
9/16/2013 4,522.24 0.033527 0.001124 220 0.341463415 0.011448343
9/17/2013 4,517.62 -0.001022 0.000001 225 0.022727273 -2.32186E-05
9/18/2013 4,463.25 -0.012035 0.000145 215 -0.044444444 0.000534893
9/19/2013 4,670.73 0.046486 0.002161 215 0 0
9/20/2013 4,583.83 -0.018605 0.000346 205 -0.046511628 0.000865359
9/23/2013 4,562.86 -0.004575 0.000021 200 -0.024390244 0.00011158
9/24/2013 4,460.41 -0.022453 0.000504 198 -0.01 0.00022453
9/25/2013 4,406.77 -0.012026 0.000145 200 0.01010101 -0.000121473
9/26/2013 4,405.89 -0.000200 0.000000 200 0 0
9/27/2013 4,423.72 0.004047 0.000016 200 0 0
9/30/2013 4,316.18 -0.024310 0.000591 192 -0.04 0.000972394
10/1/2013 4,345.90 0.006886 0.000047 191 -0.005208333 -3.58631E-05
10/2/2013 4,387.60 0.009595 0.000092 196 0.02617801 0.000251185
10/3/2013 4,418.64 0.007074 0.000050 193 -0.015306122 -0.000108283
10/4/2013 4,389.35 -0.006629 0.000044 193 0 0
10/7/2013 4,374.96 -0.003278 0.000011 193 0 0
10/8/2013 4,432.51 0.013154 0.000173 193 0 0
10/9/2013 4,457.44 0.005624 0.000032 193 0 0
10/10/2013 4,486.68 0.006560 0.000043 187 -0.031088083 -0.000203932
10/11/2013 4,519.91 0.007406 0.000055 196 0.048128342 0.000356456
10/16/2013 4,492.26 -0.006117 0.000037 196 0 0
10/17/2013 4,518.93 0.005937 0.000035 200 0.020408163 0.000121161
10/18/2013 4,546.57 0.006116 0.000037 190 -0.05 -0.000305825
10/21/2013 4,578.18 0.006952 0.000048 195 0.026315789 0.00018296
10/22/2013 4,512.74 -0.014294 0.000204 195 0 0
10/23/2013 4,546.50 0.007481 0.000056 190 -0.025641026 -0.000191822
10/24/2013 4,594.85 0.010635 0.000113 190 0 0
10/25/2013 4,580.85 -0.003047 0.000009 191 0.005263158 -1.60363E-05
10/28/2013 4,590.54 0.002115 0.000004 189 -0.010471204 -2.215E-05
10/29/2013 4,562.77 -0.006049 0.000037 187 -0.010582011 6.40148E-05
10/30/2013 4,574.88 0.002654 0.000007 190 0.016042781 4.2579E-05
10/31/2013 4,510.63 -0.014044 0.000197 192 0.010526316 -0.000147832
11/1/2013 4,432.59 -0.017301 0.000299 191 -0.005208333 9.01112E-05
11/4/2013 4,423.29 -0.002098 0.000004 189 -0.010471204 2.19696E-05
11/6/2013 4,449.76 0.005984 0.000036 186 -0.015873016 -9.49878E-05
11/7/2013 4,486.11 0.008169 0.000067 190 0.021505376 0.000175677
11/8/2013 4,476.72 -0.002093 0.000004 190 0 0
11/11/2013 4,441.72 -0.007818 0.000061 194 0.021052632 -0.000164594
11/12/2013 4,380.64 -0.013751 0.000189 200 0.030927835 -0.000425302
11/13/2013 4,301.89 -0.017977 0.000323 197 -0.015 0.000269652
11/14/2013 4,367.37 0.015221 0.000232 185 -0.060913706 -0.000927181
11/15/2013 4,335.45 -0.007309 0.000053 189 0.021621622 -0.000158027
11/18/2013 4,393.59 0.013410 0.000180 185 -0.021164021 -0.000283817
11/19/2013 4,398.34 0.001081 0.000001 185 0 0
11/20/2013 4,350.79 -0.010811 0.000117 182 -0.016216216 0.000175312
11/21/2013 4,326.21 -0.005650 0.000032 182 0 0
11/22/2013 4,317.96 -0.001907 0.000004 180 -0.010989011 2.09558E-05
11/25/2013 4,334.80 0.003900 0.000015 190 0.055555556 0.000216666
11/26/2013 4,235.26 -0.022963 0.000527 180 -0.052631579 0.001208579
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
11/27/2013 4,251.49 0.003832 0.000015 175 -0.027777778 -0.000106448
11/28/2013 4,233.92 -0.004133 0.000017 170 -0.028571429 0.000118076
11/29/2013 4,256.44 0.005319 0.000028 188 0.105882353 0.000563183
12/2/2013 4,321.98 0.015398 0.000237 182 -0.031914894 -0.000491421
12/3/2013 4,288.76 -0.007686 0.000059 181 -0.005494505 4.22324E-05
12/4/2013 4,241.30 -0.011066 0.000122 181 0 0
12/5/2013 4,216.89 -0.005755 0.000033 181 0 0
12/6/2013 4,180.79 -0.008561 0.000073 190 0.049723757 -0.000425676
12/9/2013 4,214.34 0.008025 0.000064 190 0 0
12/10/2013 4,275.68 0.014555 0.000212 190 0 0
12/11/2013 4,271.74 -0.000921 0.000001 190 0 0
12/12/2013 4,212.22 -0.013933 0.000194 190 0 0
12/13/2013 4,174.83 -0.008877 0.000079 190 0 0
12/16/2013 4,125.96 -0.011706 0.000137 190 0 0
12/17/2013 4,182.35 0.013667 0.000187 180 -0.052631579 -0.000719322
12/18/2013 4,196.28 0.003331 0.000011 170 -0.055555556 -0.000185037
12/19/2013 4,231.98 0.008508 0.000072 171 0.005882353 5.00443E-05
12/20/2013 4,195.56 -0.008606 0.000074 193 0.128654971 -0.001107192
12/23/2013 4,189.61 -0.001418 0.000002 193 0 0
12/24/2013 4,202.83 0.003155 0.000010 193 0 0
12/27/2013 4,212.98 0.002415 0.000006 195 0.010362694 2.50263E-05
12/30/2013 4,274.18 0.014527 0.000211 185 -0.051282051 -0.00074495
TOTAL 0.012745 0.045176 -0.003586728 0.034484818
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
LAMPIRAN 5
PERHITUNGAN PREDIKSI
KEBANGKRUTAN MODEL
ALTMAN Z-SCORE
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
No Sampel Z1 Z2 Z3 Z4 Z5 Z-Score
1 GJTL 0.252731429 0.247323552 0.047268883 0.885737976 0.804710765 2.141671553
2 LPIN 0.357702427 0.136015213 0.069401394 1.993978705 0.393252235 2.438328268
3 PRAS 0.012455237 0.036150116 0.040325101 0.482506612 0.3973889 0.885522147
No sampel Current Asset Current Liabilities Total Asset Z1
1 GJTL 6,843,853,000,000 2,964,235,000,000 15,350,754,000,000 0.252731429
2 LPIN 117,583,929,998 47,334,458,367 196,390,816,224 0.357702427
3 PRAS 331,855,600,867 321,945,837,163 795,630,254,208 0.012455237
No Sampel Retained Earnings Total Asset Z2
1 GJTL 3,796,603,000,000 15,350,754,000,000 0.2473236
2 LPIN 26,712,138,756 196,390,816,224 0.1360152
3 PRAS 28,762,126,289 795,630,254,208 0.0361501
2. Perhitungan Z2 = Retained Earning/Total Assets
Altman Z-Score
Z = 1.2 (Z1) + 1.4 (Z2) + 3.3 (Z3) + 0.6 (Z4) + 1 (Z5)
20
13
1. Perhitungan Z1 = (Current Assets - Current Liabilities)/Total Assets
20
13
20
13
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
No Sampel EBIT Total Asset Z3
1 GJTL 725,613,000,000 15,350,754,000,000 0.0472689
2 LPIN 13,629,796,381 196,390,816,224 0.0694014
3 PRAS 32,083,869,983 795,630,254,208 0.0403251
No Sampel Harga saham Junlah saham beredar Total liabilities Z4
1 GJTL 2,446.7625 3,484,800,000 9,626,411,000,000 0.885737976
2 LPIN 4,971.3602 21,250,000 52,980,206,367 1.993978705
3 PRAS 267.8621 701,043,478 389,182,140,905 0.482506612
Sampel Sales Total Asset Z5
1 GJTL 12,352,917,000,000 15,350,754,000,000 0.804710765
2 LPIN 77,231,127,337 196,390,816,224 0.393252235
3 PRAS 316,174,631,298 795,630,254,208 0.397388900
20
13
3. Perhitungan Z3 = Earnings before Interest and Tax atau EBIT/Total Assets
20
13
4. Perhitungan Z4 = (Harga Saham*Jumlah Saham Beredar)/Total Liabilities
20
13
5. Perhitungan Z5 = Sales/Total Asset
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
LAMPIRAN 6
PERHITUNGAN PRICE
EARNINGS RATIO (PER)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
No Sampel Harga Saham Laba Jumlah saham beredar EPS (Hitung) PER
1 GJTL 2,446.7625 120,330,000,000 3,484,727,726 35 70.8576
2 LPIN 4,971.3602 8,554,996,356 21,250,000 403 12.3485
3 PRAS 267.8621 13,196,739,424 701,043,478 18.8 14.2295
20
13
PERHITUNGAN PER
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
LAMPIRAN 7
PERHITUNGAN SELURUH
VARIABEL
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
KODE Ri EVA RISK ALTMAN PER
GJTL -0.00054495 678,545,917,184 0.9959928 2.141671553 70.8576
LPIN -0.00116533 1,361,774,235 0.11689773 2.438328268 12.3485
PRAS 0.00003236 50,729,463,437 0.76335629 0.885522147 14.2295
KESELURUHAN VARIABEL
20
13
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
LAMPIRAN 8
HASIL PENGUJIAN SPSS
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
SEBELUM UJI OUTLIER
Statistik Deskriptif
Descriptive Statistics
N Range Minimum Maximum Mean Std. Deviation
Ri 64 .0107 -.0025 .0083 .001579 .0022062
EVA 64 1500991461651.
0000
-
431468782236.0
000
1069522679415.
0000
65514217892.34
3740
242532955747.
3662400
RISK 64 2.1050 -.4994 1.6056 .369299 .4340257
ALTMAN 64 8.6263 -1.9509 6.6754 1.679086 1.6808148
PER 64 865.1622 -89.4778 775.6844 26.352253 101.2542691
Valid N (listwise) 64
Uji Normalitas Kolmogorov-Smirnov (Keseluruhan)
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N 64
Normal Parametersa,b Mean 0E-7
Std. Deviation .00213672
Most Extreme Differences
Absolute .140
Positive .140
Negative -.072
Kolmogorov-Smirnov Z 1.117
Asymp. Sig. (2-tailed) .165
a. Test distribution is Normal.
b. Calculated from data.
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Hasil Uji Normalitas Masing-Masing Variabel
One-Sample Kolmogorov-Smirnov Test
Ri EVA RISK ALTMAN PER
N 64 64 64 64 64
Normal Parametersa,b
Mean .001579 65514217892.34
3750 .369299 1.679086 26.352253
Std. Deviation .0022062 242532955747.3
662000 .4340257 1.6808148 101.2542691
Most Extreme Differences
Absolute .133 .295 .104 .066 .370
Positive .133 .295 .104 .066 .370
Negative -.091 -.225 -.062 -.045 -.317
Kolmogorov-Smirnov Z 1.062 2.361 .832 .531 2.959
Asymp. Sig. (2-tailed) .209 .000 .494 .941 .000
a. Test distribution is Normal.
b. Calculated from data.
Uji Multikolonieritas
Coefficientsa
Model Collinearity Statistics
Tolerance VIF
1
EVA .663 1.509
RISK .751 1.332
ALTMAN .793 1.261
PER .960 1.041
a. Dependent Variable: Ri
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Uji Autokorelasi run test
Runs Test
Unstandardized
Residual
Test Valuea -.00018
Cases < Test Value 32
Cases >= Test Value 32
Total Cases 64
Number of Runs 40
Z 1.764
Asymp. Sig. (2-tailed) .078
a. Median
Uji Heteroskedastisitas
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Uji Koefisien Determinasi
Model Summaryb
Model R R Square Adjusted R
Square
Std. Error of the
Estimate
1 .249a .062 -.002 .0022080
a. Predictors: (Constant), PER, EVA, ALTMAN, RISK
b. Dependent Variable: Ri
Uji Statistik F
ANOVAa
Model Sum of Squares df Mean Square F Sig.
1
Regression .000 4 .000 .974 .428b
Residual .000 59 .000
Total .000 63
a. Dependent Variable: Ri
b. Predictors: (Constant), PER, EVA, ALTMAN, RISK
Uji Statistik t
Coefficientsa
Model Unstandardized Coefficients Standardized
Coefficients
t Sig.
B Std. Error Beta
1
(Constant) .001 .000 1.970 .054
EVA -4.632E-016 .000 -.051 -.329 .743
RISK .001 .001 .236 1.619 .111
ALTMAN .000 .000 .086 .609 .545
PER 2.134E-006 .000 .098 .761 .449
a. Dependent Variable: Ri
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
SESUDAH UJI OUTLIER
Hasil Uji Outlier Economic Value Added (EVA)
Hasil Uji Outlier Price Earnings Ratio (PER)
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Statistik Deskriptif
Descriptive Statistics
N Range Minimum Maximum Mean Std. Deviation
Ri 64 .0107 -.0025 .0083 .001579 .0022062
EVA 50 388435452744.0
000
-
182725292887.0
000
205710159857.0
000
17286851271.72
0005
65439744202
.2439100
RISK 64 2.1050 -.4994 1.6056 .369299 .4340257
ALTMAN 64 8.6263 -1.9509 6.6754 1.679086 1.6808148
PER 57 87.2473 -17.4692 69.7781 8.852870 13.7624618
Valid N (listwise) 44
Uji Normalitas Kolmogorov-Smirnov (Keseluruhan)
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N 44
Normal Parametersa,b Mean 0E-7
Std. Deviation .00196080
Most Extreme Differences
Absolute .107
Positive .107
Negative -.081
Kolmogorov-Smirnov Z .712
Asymp. Sig. (2-tailed) .690
a. Test distribution is Normal.
b. Calculated from data.
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Hasil Uji Normalitas Masing-Masing Variabel
One-Sample Kolmogorov-Smirnov Test
Ri EVA RISK ALTMAN PER
N 64 50 64 64 57
Normal Parametersa,b
Mean .001579 17286851271.72
0000 .369299 1.679086 8.852870
Std. Deviation .0022062 65439744202.24
39000 .4340257 1.6808148 13.7624618
Most Extreme
Differences
Absolute .133 .185 .104 .066 .146
Positive .133 .167 .104 .066 .146
Negative -.091 -.185 -.062 -.045 -.121
Kolmogorov-Smirnov Z 1.062 1.307 .832 .531 1.104
Asymp. Sig. (2-tailed) .209 .066 .494 .941 .174
a. Test distribution is Normal.
b. Calculated from data.
Uji Multikolonieritas
Coefficientsa
Model Collinearity Statistics
Tolerance VIF
1
EVA .386 2.590
RISK .892 1.122
ALTMAN .398 2.512
PER .803 1.245
a. Dependent Variable: Ri
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Uji Autokorelasi run test
Runs Test
Unstandardized
Residual
Test Valuea -.00039
Cases < Test Value 22
Cases >= Test Value 22
Total Cases 44
Number of Runs 18
Z -1.373
Asymp. Sig. (2-tailed) .170
a. Median
Uji Heteroskedastisitas
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
Uji Koefisien Determinasi
Model Summaryb
Model R R Square Adjusted R
Square
Std. Error of the
Estimate
1 .484a .234 .156 .0020589
a. Predictors: (Constant), PER, ALTMAN, RISK, EVA
b. Dependent Variable: Ri
Uji Statistik F
ANOVAa
Model Sum of Squares df Mean Square F Sig.
1
Regression .000 4 .000 2.980 .031b
Residual .000 39 .000
Total .000 43
a. Dependent Variable: Ri
b. Predictors: (Constant), PER, ALTMAN, RISK, EVA
Uji Statistik t
Coefficientsa
Model Unstandardized Coefficients Standardized
Coefficients
t Sig.
B Std. Error Beta
1
(Constant) 1.488E-005 .001 .023 .982
EVA -1.822E-014 .000 -.566 -2.508 .016
RISK .001 .001 .164 1.106 .275
ALTMAN .001 .000 .512 2.307 .026
PER 6.392E-005 .000 .429 2.743 .009
a. Dependent Variable: Ri
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015
LAMPIRAN 9
FORMULIR KONSULTASI
SKRIPSI
Pengaruh Economic..., Sandy Indrawan, FB UMN, 2015