Académique Documents
Professionnel Documents
Culture Documents
Manajemen Risiko - CTBN
Manajemen Risiko - CTBN
Page 1
Nomor 3
2017-03-01 4850 4850 4850 4850 4850 0
2017-04-01 4850 4850 4850 4850 4850 100
2017-05-01 4850 4850 4850 4850 4850 0
2017-06-01 4850 4850 4850 4850 4850 0
2017-07-01 4850 4850 4850 4850 4850 0
2017-08-01 4850 4850 4850 4850 4850 0
2017-09-01 4850 4850 4850 4850 4850 200
2017-10-01 4850 4850 4850 4850 4850 0
2017-11-01 4850 4850 4850 4850 4850 0
2017-12-01 4850 4850 4850 4850 4850 0
2018-01-01 4850 4850 4850 4850 4850 0
2018-02-01 4850 4850 4500 4500 4500 5500
2018-03-01 4500 4500 4400 4400 4400 300
2018-04-01 4400 4400 4400 4400 4400 0
2018-05-01 4400 4400 4400 4400 4400 0
2018-06-01 4400 4400 4400 4400 4400 0
2018-07-01 4400 4400 4400 4400 4400 0
2018-08-01 4400 4400 4400 4400 4400 0
2018-09-01 4400 4800 4200 4700 4700 1800
2018-10-01 4700 4700 4200 4300 4300 800
2018-11-01 4300 4300 4300 4300 4300 0
2018-12-01 4300 4300 4300 4300 4300 0
2019-01-01 4300 4300 4300 4300 4300 0
2019-02-01 4300 4300 4300 4300 4300 0
2019-03-01 4300 4300 4300 4300 4300 0
2019-04-01 4300 4300 4300 4300 4300 0
2019-05-01 4300 4300 4300 4300 4300 4500
2019-06-01 4300 4300 4300 4300 4300 4500
2019-07-01 4300 4300 4300 4300 4300 0
2019-08-01 4300 4300 4300 4300 4300 0
2019-09-01 4300 4300 4300 4300 4300 0
2019-10-01 4300 4300 3230 3230 3230 100
2019-11-01 3230 3230 3230 3230 3230 0
2019-12-01 3230 3230 3150 3150 3150 1000
2020-01-01 3150 3150 3150 3150 3150 0
2020-02-01 3150 3150 2370 2370 2370 900
2020-03-01 2370 2370 2370 2370 2370 0
2020-04-01 2370 2450 2370 2450 2450 200
2020-05-01 2450 2450 2450 2450 2450 100
2020-06-01 2450 2450 2450 2450 2450 100
2020-07-01 2450 2450 2450 2450 2450 0
2020-08-01 2450 2450 2450 2450 2450 0
2020-09-01 2450 2450 2450 2450 2450 0
2020-10-01 2450 3380 2190 3060 3060 4900
2020-11-01 3060 3600 2720 3440 3440 16700
2020-12-01 3440 3450 2730 3220 3220 11500
2021-01-01 3220 3220 2280 2930 2930 14400
2021-02-01 2930 3300 2390 2670 2670 18400
2021-03-01 2570 4000 2570 3800 3800 56500
2021-04-01 3650 3650 2550 3080 3080 9600
2021-05-01 3080 3400 2540 2810 2810 28600
2021-06-01 2720 4360 2520 3450 3450 53200
Page 2
Nomor 3
2021-07-01 3450 3450 2550 2920 2920 16000
2021-08-01 2920 3270 2550 3210 3210 14500
2021-09-01 4000 4000 2810 3450 3450 80100
2021-10-01 3460 3690 2700 3130 3130 47700
2021-11-01 2930 3280 2500 2550 2550 83700
2021-12-01 2510 2800 2020 2400 2400 40600
Page 3
Nomor 3
CTBN
Date Adj Close Monthly Return Annual Return Monthly Risk
2012-12-01 4399.907227
2013-01-01 4299.90918 -2.2727%
2013-02-01 4499.905273 4.6512%
2013-03-01 4499.905273 0.0000%
2013-04-01 4499.905273 0.0000%
2013-05-01 4499.905273 0.0000%
2013-06-01 4524.904785 0.5556%
2013-07-01 4499.905273 -0.5525%
2013-08-01 4799.938965 6.6676%
2013-09-01 4799.938965 0.0000%
2013-10-01 4399.943848 -8.3333%
2013-11-01 4499.942383 2.2727%
2013-12-01 4499.942383 0.0000% 2.9884% 3.6399%
2014-01-01 8099.896484 80.0000%
2014-02-01 4599.940918 -43.2099%
2014-03-01 4599.940918 0.0000%
2014-04-01 4599.940918 0.0000%
2014-05-01 5499.929688 19.5652%
2014-06-01 5499.929688 0.0000%
2014-07-01 5549.966797 0.9098%
2014-08-01 5549.966797 0.0000%
2014-09-01 5549.966797 0.0000%
2014-10-01 5499.967285 -0.9009%
2014-11-01 5399.967773 -1.8182%
2014-12-01 5299.968262 -1.8519% 52.6942% 27.6781%
2015-01-01 5299.968262 0.0000%
2015-02-01 5549.966797 4.7170%
2015-03-01 5699.966309 2.7027%
2015-04-01 6199.962891 8.7719%
2015-05-01 5699.966309 -8.0645%
2015-06-01 5699.966309 0.0000%
2015-07-01 5699.991211 0.0004%
2015-08-01 5249.991699 -7.8947%
2015-09-01 5199.991699 -0.9524%
2015-10-01 5224.991699 0.4808%
2015-11-01 5224.991699 0.0000%
2015-12-01 5224.991699 0.0000% -0.2388% 4.6221%
2016-01-01 5299.991699 1.4354%
2016-02-01 5549.991211 4.7170%
2016-03-01 5549.991211 0.0000%
2016-04-01 5549.991211 0.0000%
2016-05-01 5549.991211 0.0000%
2016-06-01 5549.991211 0.0000%
2016-07-01 5549.991211 0.0000%
2016-08-01 5550 0.0002%
2016-09-01 5550 0.0000%
2016-10-01 5300 -4.5045%
2016-11-01 5300 0.0000%
2016-12-01 5200 -1.8868% -0.2388% 2.0923%
2017-01-01 5200 0.0000%
Page 4
Nomor 3
2017-02-01 4850 -6.7308%
2017-03-01 4850 0.0000%
2017-04-01 4850 0.0000%
2017-05-01 4850 0.0000%
2017-06-01 4850 0.0000%
2017-07-01 4850 0.0000%
2017-08-01 4850 0.0000%
2017-09-01 4850 0.0000%
2017-10-01 4850 0.0000%
2017-11-01 4850 0.0000%
2017-12-01 4850 0.0000% -6.7308% 1.9430%
2018-01-01 4850 0.0000%
2018-02-01 4500 -7.2165%
2018-03-01 4400 -2.2222%
2018-04-01 4400 0.0000%
2018-05-01 4400 0.0000%
2018-06-01 4400 0.0000%
2018-07-01 4400 0.0000%
2018-08-01 4400 0.0000%
2018-09-01 4700 6.8182%
2018-10-01 4300 -8.5106%
2018-11-01 4300 0.0000%
2018-12-01 4300 0.0000% -11.1312% 3.8801%
2019-01-01 4300 0.0000%
2019-02-01 4300 0.0000%
2019-03-01 4300 0.0000%
2019-04-01 4300 0.0000%
2019-05-01 4300 0.0000%
2019-06-01 4300 0.0000%
2019-07-01 4300 0.0000%
2019-08-01 4300 0.0000%
2019-09-01 4300 0.0000%
2019-10-01 3230 -24.8837%
2019-11-01 3230 0.0000%
2019-12-01 3150 -2.4768% -27.3605% 7.1538%
2020-01-01 3150 0.0000%
2020-02-01 2370 -24.7619%
2020-03-01 2370 0.0000%
2020-04-01 2450 3.3755%
2020-05-01 2450 0.0000%
2020-06-01 2450 0.0000%
2020-07-01 2450 0.0000%
2020-08-01 2450 0.0000%
2020-09-01 2450 0.0000%
2020-10-01 3060 24.8980%
2020-11-01 3440 12.4183%
2020-12-01 3220 -6.3953% 9.5345% 11.4097%
2021-01-01 2930 -9.0062%
2021-02-01 2670 -8.8737%
2021-03-01 3800 42.3221%
2021-04-01 3080 -18.9474%
2021-05-01 2810 -8.7662%
Page 5
Nomor 3
2021-06-01 3450 22.7758%
2021-07-01 2920 -15.3623%
2021-08-01 3210 9.9315%
2021-09-01 3450 7.4766%
2021-10-01 3130 -9.2754%
2021-11-01 2550 -18.5304%
2021-12-01 2400 -5.8824% -12.1379% 18.4585%
Average Annual Return 0.8199%
Annual Risk 22.1803%
Range 80.0547%
Variance 4.9196%
CV 2705.1699%
Analisis
Annual Return CTBN dari akhir tahun 2012 hingga 2021 tercatat yang tertinggi adalah
pada tahun 2014 yaitu sebesar 52,6942%
Annual Return IHSG dari akhir tahun 2012 hingga 2021 tercatat yang tertinggi adalah
pada tahun 2014 yaitu sebesar 20,4657%
Annual risk (CTBN 22,1803%; IHSG 10,8693) lebih besar daripada annual return
(CTBN 0,8199%; IHSG 5,6455) sehingga tidak sebanding. Karena harapan dari teori
“High Risk High Return” itu sendiri adalah mengambil resiko yang tinggi untuk
mendapatkan return yang tinggi juga. Dalam Analisa ini mungkin dapat dikatakan
perusahaan kurang tepat dalam mengambil strategi karena annual risk (risiko) yang
diterima lebih besar daripada returnnya
Selisih range CTBN adalah 80,0547% dan selisih ini terbilang besar dan dapat
dikatakan selisihnya terlalu fluktiatif sehingga saham CTBN sangat berisiko. Berbeda
dengan IHSG, selisih rangenya sebesar 32,1740% yang dimana selisih ini
menunjukan saham IHSG tidak sefluktuatif CTBN
CV pada CTBN cukup besar yaitu 2705,1699% sedangkan pada IHSG adalah
192,5320%. Jika dibandingkan antara CTBN dan IHSG, CV terkecil adalah milik IHSG
maka dapat dikatakan perusahaan IHSG bagus.
Variance terbesar adalah variance milik CTBN sehingga jika dibandingkan dengan
IHSG, CTBN memiliki resiko saham yang besar.
Page 6
Nomor 3
IHSG
Average Annual Return Date Adj Close Monthly Return
2012-12-01 4316.687012
0.8199%
2013-01-01 4453.703125 3.1741%
2013-02-01 4795.789063 7.6809%
Annual Risk 2013-03-01 4940.98584 3.0276%
2013-04-01 5034.070801 1.8839%
22.1803%
2013-05-01 5068.62793 0.6865%
2013-06-01 4818.89502 -4.9270%
Range 2013-07-01 4610.376953 -4.3271%
MAX 52.6942% 2013-08-01 4195.088867 -9.0077%
MIN -27.3605% 2013-09-01 4316.175781 2.8864%
80.0547% 2013-10-01 4510.630859 4.5053%
2013-11-01 4256.436035 -5.6355%
Variance 2013-12-01 4274.176758 0.4168%
2014-01-01 4418.756836 3.3826%
4.9196%
2014-02-01 4620.21582 4.5592%
2014-03-01 4768.276855 3.2046%
Coefficient of Variation (CV) 2014-04-01 4840.145996 1.5072%
2014-05-01 4893.908203 1.1108%
2705.1699%
2014-06-01 4878.582031 -0.3132%
2014-07-01 5088.801758 4.3090%
2014-08-01 5136.862793 0.9444%
2014-09-01 5137.579102 0.0139%
2014-10-01 5089.546875 -0.9349%
2014-11-01 5149.888184 1.1856%
2014-12-01 5226.946777 1.4963%
2015-01-01 5289.403809 1.1949%
2015-02-01 5450.293945 3.0417%
2015-03-01 5518.674805 1.2546%
2015-04-01 5086.424805 -7.8325%
2015-05-01 5216.378906 2.5549%
2015-06-01 4910.658203 -5.8608%
2015-07-01 4802.528809 -2.2019%
2015-08-01 4509.606934 -6.0993%
2015-09-01 4223.908203 -6.3353%
2015-10-01 4455.180176 5.4753%
2015-11-01 4446.458008 -0.1958%
2015-12-01 4593.007813 3.2959%
2016-01-01 4615.163086 0.4824%
2016-02-01 4770.956055 3.3757%
2016-03-01 4845.371094 1.5598%
2016-04-01 4838.583008 -0.1401%
2016-05-01 4796.869141 -0.8621%
2016-06-01 5016.646973 4.5817%
2016-07-01 5215.994141 3.9737%
2016-08-01 5386.082031 3.2609%
2016-09-01 5364.804199 -0.3951%
2016-10-01 5422.541992 1.0762%
2016-11-01 5148.910156 -5.0462%
2016-12-01 5296.710938 2.8705%
2017-01-01 5294.103027 -0.0492%
Page 7
Nomor 3
2017-02-01 5386.691895 1.7489%
2017-03-01 5568.105957 3.3678%
2017-04-01 5685.297852 2.1047%
2017-05-01 5738.154785 0.9297%
2017-06-01 5829.708008 1.5955%
2017-07-01 5840.938965 0.1927%
2017-08-01 5864.059082 0.3958%
2017-09-01 5900.854004 0.6275%
2017-10-01 6005.78418 1.7782%
2017-11-01 5952.138184 -0.8932%
2017-12-01 6355.653809 6.7793%
2018-01-01 6605.630859 3.9331%
2018-02-01 6597.217773 -0.1274%
2018-03-01 6188.986816 -6.1879%
2018-04-01 5994.595215 -3.1409%
2018-05-01 5983.586914 -0.1836%
2018-06-01 5799.236816 -3.0809%
2018-07-01 5936.442871 2.3659%
2018-08-01 6018.459961 1.3816%
2018-09-01 5976.553223 -0.6963%
2018-10-01 5831.649902 -2.4245%
2018-11-01 6056.124023 3.8492%
2018-12-01 6194.498047 2.2849%
2019-01-01 6532.969238 5.4641%
2019-02-01 6443.348145 -1.3718%
2019-03-01 6468.754883 0.3943%
2019-04-01 6455.352051 -0.2072%
2019-05-01 6209.117188 -3.8144%
2019-06-01 6358.628906 2.4079%
2019-07-01 6390.504883 0.5013%
2019-08-01 6328.470215 -0.9707%
2019-09-01 6169.102051 -2.5183%
2019-10-01 6228.316895 0.9599%
2019-11-01 6011.830078 -3.4758%
2019-12-01 6299.539063 4.7857%
2020-01-01 5940.047852 -5.7066%
2020-02-01 5452.704102 -8.2044%
2020-03-01 4538.930176 -16.7582%
2020-04-01 4716.402832 3.9100%
2020-05-01 4753.611816 0.7889%
2020-06-01 4905.39209 3.1929%
2020-07-01 5149.626953 4.9789%
2020-08-01 5238.486816 1.7256%
2020-09-01 4870.039063 -7.0335%
2020-10-01 5128.225098 5.3015%
2020-11-01 5612.415039 9.4417%
2020-12-01 5979.073242 6.5330%
2021-01-01 5862.352051 -1.9522%
2021-02-01 6241.795898 6.4726%
2021-03-01 5985.521973 -4.1058%
2021-04-01 5995.616211 0.1686%
2021-05-01 5947.462891 -0.8031%
Page 8
Nomor 3
2021-06-01 5985.48877 0.6394%
2021-07-01 6070.039063 1.4126%
2021-08-01 6150.298828 1.3222%
2021-09-01 6286.942871 2.2217%
2021-10-01 6591.346191 4.8418%
2021-11-01 6533.932129 -0.8711%
2021-12-01 6581.481934 0.7277%
Average Annual Return
Annual Risk
Range 20.4657% -11.7083%
Variance
CV
Page 9
Nomor 3
IHSG
Annual Return Monthly Risk
Range
MAX 20.4657%
MIN -11.7083%
32.1740%
20.4657% 1.7883%
-11.7083% 4.5339%
14.7374% 2.6826%
Page 10
Nomor 3
18.5777% 1.9998%
-2.0269% 3.1149%
2.1549% 2.9440%
-1.8301% 7.6498%
Page 11
Nomor 3
10.0746% 2.8380%
5.6455%
10.8693%
32.1740%
1.1814%
192.5320%
Page 12