Determination of Efficient Shares Using the Capital Asset Pricing Model (CAPM) Method

Nurul Rahmah Dewi(1*), Andi Besse Rafiana As(2), Nur Amanda Aprilia(3), Uhud Darmawan Natsir(4),

(1) University State of Makassar
(2) University State of Makassar
(3) University State of Makassar
(4) University State of Makassar
(*) Corresponding Author



Abstract


This study aims to analyze investment decisions on IDX30 index stocks for the period 2018-2021 using the Capital Asset Pricing Model (CAPM) method. This type of quantitative research is descriptive. The population in this study are companies listed on the Indonesia Stock Exchange. The sample is all company shares listed in the IDX30 index for the period 2018-2021, namely 19 company shares. Data collection techniques used are literature and documentation. The data analysis technique used is the Capital Asset Pricing Model (CAPM). The results showed that the systematic risk and the expected rate of return have a linear relationship and there are 12 company shares which are included in efficient shares and 7 company shares which include inefficient shares.

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References


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