Investment is a form of delay current consumption for future consumption, there are two
factors in investing most considered that the rate of return and risk. Basically investors are very
fond of investments that generate high returns but did not like the risk, to obtain the maximum
possible benefit portfolio analysis is one tool that is appropriate to minimize the risk that is received
with the objective of maximizing profit with the same level of risk among stocks there. Stock
portfolio aims to select the most efficient combination of shares, namely that provide the greatest
results in the future with a certain degree of risk.
This study aimed to determine the rate of return (return) that can be generated from LQ45, to
determine the movement of the risks that occur in LQ45, and to understand the formation of an
efficient portfolio in LQ45.
The data used in this study were five members LQ45 stocks are always in LQ45 member
during the period of August 2008 s / d in July 2013 and had a top 10 ranking of the 45 stocks,
based on the results of this study concluded that There are 5 stocks that were analyzed, namely
AALI, ANTM, ASII, BBCA, BBNI. Highest return of AALI at 0.0873, 0.1428 shares of ANTM, ASII at
0.2110, BBCA for 0.1045, 0.2430 shares of BBNI. BBNI stock generating the highest return from
the fifth best in the LQ45 stocks, risk is highest in the company's shares with a value of 0.3326
AALI and risks contained in the company's smallest BBCA with a value of 0.0173, by using a
combination of the two securities without short sales can be seen that efficient portfolios formed by
AALI and ASII and ASII and BBCA, because the proportion of the combination of the two funds
have the smallest coefficient of variation.
Keywords: Return, Risk, Portfolioefficient.