Latihan Soal Risk & Return

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AKR CorporationTbk.

Data Harga Saham dan Dividen AKR Corporation Tbk. Tahun 2006 – 2015

Tahun	Harga Saham (Pt)	Dividen (Dt)
2006	2725	65.00
2007	1380	19.00
2008	720	21.00
2009	1170	25.00
2010	1730	30.00
2011	3025	25.00
2012	4150	40.00
2013	4375	50.00
2014	4120	50.00
2015	7175	100.00

1. Return Realisasi
2. Penghitungan Return Total = (Pt – Pt-1 +Dt) : Pt-1

2007 = (Pt – Pt-1+ Dt) : Pt-1

= ( 1380 – 2725 + 65.00) / 2725                    =  0.470 ( 47%)

2008 = (Pt – Pt-1 +Dt) : Pt-1

=( 720 – 1380 + 19.00) / 1380                                  =  0.464 (46.6%)

2009 =  (Pt – Pt-1 +Dt) : Pt-1

= (1170 – 720 + 25.00) / 720                         =  0.660 (66%)

2010 = (Pt – Pt-1 +Dt) : Pt-1

= (1730 – 1170 + 30.00) / 1170                                 =  0.504 (50.4%)

2011 = (Pt – Pt-1 +Dt) : Pt-1

= (3.025 – 1730 + 25.00) / 1730                    =  0.763 (76.3%)

2012 = (Pt – Pt-1 +Dt) : Pt-1

= (4150 – 3025 + 40.00) / 3025                                 =  0.385 (38.5%)

2013 = (Pt – Pt-1 +Dt) : Pt-1

= (4375 – 4150 + 50.00) / 4150                                 =  0.066 ( 6.6%)

2014 = (Pt – Pt-1 +Dt) : Pt-1

= (4120 – 4375 + 50.00) / 4375                     =  0.047 (4.7%)

2015 =(Pt – Pt-1 +Dt) : Pt-1

= (7175 – 4120 + 100.00) / 4120                   =  0.766 (76.6%)

1. Tabel Return Total

Tahun	Harga saham (Pt)	Dividen (Dt)	Return (Rt)
2006	2725	65.00	–
2007	1380	19.00	0.470
2008	720	21.00	0.464
2009	1170	25.00	0.660
2010	1730	30.00	0.504
2011	3025	25.00	0.763
2012	4150	40.00	0.385
2013	4375	50.00	0.066
2014	4120	50.00	0.047
2015	7175	100.00	0.766

• Perhitungan Capital Gain Dan Yield
• Perhitungan Capital Gain ( Loss ) = (Pt – Pt-1) : pt-1

2007 =(1380 – 2725) / 2725    = 0.4936

2008 = (720 – 1380 ) / 1380    = 0.4783

2009 = (1170 – 720 ) / 720      = 0.625

2010 = (1730 – 1170 ) / 1170  = 0.4786

2011 = (3025 – 1730 ) / 1730  = 0.7486

2012 = (4150 – 3025 ) / 3025  = 0.3719

2013 = (4375 – 4150 ) / 4150    = 0.0542

2014 = (4120 – 4375 ) / 4375  = 0.0583

2015 = (7175 – 4120 ) /           4120    = 0.7415

• Penghitungan Dividen Yield = Dt : Pt-1

2007 = 19.00 / 2725    = 0.0070

2008 = 21.00 / 1380    = 0.0152

2009 = 25.00 / 720      = 0.0028

2010 = 30.00 / 1170    = 0.0256

2011 = 25.00 / 1730    = 0.0145

2012 = 40.00 / 3025    = 0.0132

2013 = 50.00 / 4150    = 0.0120

2014 = 50.00 / 4375    = 0.0114

2015 = 100.00 / 4120  = 0.0243

Tabel Capital Gain  (Loss) Dan Dividen Yield

Tahun	Capital Gain (Loss)	Dividen Yield	Return	Keterangan
2007	0.4936	0.0070	0.470	Jangka Pendek
2008	0.4783	0.0152	0.464	Jangka Pendek
2009	0.625	0.0028	0.660	Jangka Pendek
2010	0.4786	0.0256	0.504	Jangka Pendek
2011	0.7486	0.0145	0.763	Jangka Pendek
2012	0.3719	0.0132	0.385	Jangka Pendek
2013	0.0542	0.0120	0.066	Jangka Pendek
2014	0.0583	0.0114	0.047	Jangka Pendek
2015	0.7415	0.0243	0.766	Jangka Pendek

2. Return Ekspetasi

Tahun	Return
2007	0.470
2008	0.464
2009	0.660
2010	0.504
2011	0.763
2012	0.385
2013	0.066
2014	0.047
2015	0.766
Rata- rata	4.125

Mean mthod :

= (0.470 + 0.464 + 0.660 + 0.504 + 0.763 + 0.385 + 0.066 + 0.047 + 0.766) / 10

= 0.4125 (41.25%)

3. Risk

Tahun	Return	(Rt- Rt₁)²
2007	0.470	(0.470 – 0.4583)² = 0.00013689
2008	0.464	(0.464 – 0.4583)² = 0.00003249
2009	0.660	(0.660 – 0.4583)² = 0.04068289
2010	0.504	(0.504 – 0.4583)² = 0.00208849
2011	0.763	(0.763 – 0.4583)² = 0.09284209
2012	0.385	(0.385 – 0.4583)² = 0.00537289
2013	0.066	(0.066 – 0.4583)² = 0.15389929
2014	0.047	(0.047 – 0.4583)² = 0.16916769
2015	0.766	(0.766 – 0.4583)² = 0.09467929
jumlah	4.125 / 9 = 0.4583	0.55890201

Standar Deviasi ( SD )

SD =  = 0.2492 (24.92%)

CV =

=

= 0.604 (60.4%)