Daftar anggota saham LQ-45 Periode Januari-Desember 2011

36 LAMPIRAN 1 Daftar anggota saham LQ-45 Periode Januari-Desember 2011 No. Nama Emiten Frekuensi Jumlah Kode Nama Perusahaan November 10 Januari 11 Februari Juli 11 Agustus 11 Januari 12 1. AALI Astra Agro Lestari Tbk V V V 3 2. ADRO Adaro Energy Tbk V V V 3 3. ANTM Aneka Tambang Tbk V V V 3 4. ASII Astra International Tbk V V V 3 5. ASRI Alam Sutera Realty Tbk V V 2 6. BBCA Bank Central Asia Tbk V V V 3 7. BBKP PT Bank Bukopin Tbk V 1 8. BBNI Bank BNI Tbk V V V 3 9. BBRI Bank Rakyat Indonesia Tbk V V V 3 10. BBTN Bank Tabungan Negara Tbk V V V 3 11. BDMN Bank Danamon Tbk V V V 3 12. BIPI Benakat Petroleum Energy Tbk V 1 13. BJBR PT BPD Jawa Barat Tbk V V 2 14. BMRI Bank Mandiri Tbk V V V 3 15. BMTR Global Mediacom Tbk V 1 16. BNBR Bakrie & Brothers Tbk V V V 3 17. BORN PT Borneo Lumbung Energi & Metal V 1 18. BRPT Barito Pacific Tbk V 1 19. BRAU PT Berau Coal Energy Tbk V V 2 20. BSDE Bumi Serpong Damai Tbk V V 2 21. BTEL Bakrie Telecom Tbk V V 2 22. BUMI Bumi Resources Tbk V V V 3 23. CPIN PT Charoen Pokphand Indonesia Tbk V V 2 24. DEWA Darma Henwa Tb V 1 25. DOID Delta Dunia Makmur Tbk V V V 3 26. ELSA Elnusa Tbk V V 2 27. ELTY Bakrie Development Tbk V V V 3 28. ENRG Energi Mega Persada Tbk V V V 3 29. EXCL PT XL Axiata V 1 30. GGRM Gudang Garam Tbk V V V 3 31. GITL PT Gajah Tunggal Tbk V V 2 32. HRUM PT Harum Energy V 1 33. ICBP PT Indofood CBP Sukses Makmur Tbk V 1 34. INCO International Nickel Indonesia Tbk V V V 3 35. INDF Indofood Sukses Makmur Tbk V V V 3 36. INDY Indika Energy V V V 3 37. INTP Indocement Tunggal Perkasa V V V 3 38. ISAT Indosat Tbk V V V 3 39. ITMG Indo Tambang Raya Megah V V V 3 40. JSMR Jasa Marga (persero) Tbk V V V 3 41. KLBF Kalbe Farma Tbk V V V 3 42. KRAS PT Krakatau Steel V 1 43. LPKR Lippo Karawaci Tbk V V V 3 44. LSIP PP London Sumatera Indonesia Tbk V V V 3 45. MEDC Medco Energi International Tbk V V V 3 46. PGAS Perusahaan Gas Negara Tbk V V V 3 47. PTBA Tambang Batubara Bukit Asam Tbk V V V 3 48. SMCB Holcim Indonesia Tbk V V V 3 49. SMGR Semen Gresik Tbk V V V 3 50. TINS Timah (Persero) Tbk V V V 3 51. TLKM Telekomunikasi Indonesia Tbk V V V 3 52. TRUB Truba Alam Manunggal Tbk V 1 53. UNSP Bakrie Sumatra Plantations Tbk V V V 3 54. UNTR United Tractor Tbk V V V 3 55. UNVR UNVR (Unilever Indonesia Tbk) V V V 3

37 LAMPIRAN 2 Harga Emas dan Saham dalam LQ-45 Periode Januari-Desember 2011 WAKTU EMAS AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI BNBR BUMI 0-1 1383.18 24600 2525 2350 52550 6400 3625 10050 1640 5850 6500 68 3000 I-1 1416.53 26700 2550 2475 54700 6550 3875 10600 1650 5750 6600 66 3050 I-2 1370.3 24900 2700 2350 48000 6350 3525 9750 1600 5300 6300 70 3125 I-3 1363.6 25300 2625 2425 47300 6000 3375 10200 1420 5400 5750 73 3175 I-4 1344.95 22300 2375 2250 47150 5450 3225 9500 1270 5900 5550 68 3000 I-5 1344.5 21500 2350 2225 48900 5700 3275 9900 1370 6000 5850 66 2800 II-1 1344.4 23250 2475 2300 49200 6050 3400 9900 1420 6100 6050 67 2850 II-2 1355.6 22700 2375 2200 49000 5950 3400 9200 1300 6200 5600 62 2750 II-3 1390.8 22050 2425 2200 53000 6150 3525 9750 1360 6700 5850 64 2850 II-4 1413.5 21500 2425 2175 51700 6150 3450 9400 1340 6400 5700 64 2925 III-1 1434.78 22600 2350 2225 54900 6800 3800 10400 1480 6350 6150 67 3025 III-2 1425.95 22000 2325 2150 54000 6800 3750 10300 1440 6350 6200 66 3050 III-3 1425.45 21600 2375 2150 54500 6550 3625 10100 1490 6450 6000 63 3125 III-4 1425.35 22400 2275 2250 57000 6900 3800 10700 1550 6350 6250 64 3150 IV-1 1430.2 22850 2300 2325 58050 7100 4000 11800 1680 6500 6900 66 3325 IV-2 1475.55 22500 2275 2375 56500 7000 3975 12600 1730 6450 7000 65 3250 IV-3 1487.85 22800 2275 2350 55000 7300 4000 12400 1770 6450 6800 66 3375 IV-4 1511.9 23100 2225 2275 55800 7500 4100 13000 1790 6350 7150 66 3350 V-1 1553.55 23250 2225 2275 56150 7400 4050 13000 1710 6200 7150 66 3450 V-2 1493.6 23500 2300 2200 56500 7300 3925 12400 1640 6150 7000 73 3600 V-3 1491.95 23600 2225 2200 58500 7200 3925 12300 1670 6050 7100 85 3525 V-4 1516.4 23600 2350 2200 61000 7200 3900 12900 1650 6050 7200 82 3475 V-5 1356.15 23200 2400 2150 59000 7150 3850 12500 1620 6100 7200 78 3400

WAKTU EMAS AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI BNBR BUMI VI-1 1544.4 23850 2450 2125 58600 7100 3850 12800 1630 6200 7050 78 3325 VI-2 1529.85 22800 2400 2100 57000 7000 3700 12600 1610 5950 6950 75 3400 VI-3 1538.55 23000 2325 2025 58300 7250 3625 12500 1620 5900 6850 68 3050 VI-4 1501.6 22900 2350 2100 61300 7450 3650 12800 1680 5900 7000 68 3050 VII-1 1489.4 23300 2525 2100 65750 7850 3900 13600 1750 6050 7300 68 3025 VII-2 1541.3 23050 2575 2075 67300 7950 3850 13600 1790 6000 7600 67 3000 VII-3 1595.2 22950 2575 2000 70500 8300 3950 13500 1810 5600 7900 66 2975 VII-4 1614.8 23200 2525 2050 72400 8150 3975 13200 1650 5600 7550 70 3100 VIII-1 1686.8 23500 2675 2025 71500 8350 4500 13900 1710 5500 7850 70 3075 VIII-2 1734.6 21200 2325 1900 65500 8000 3950 13100 1550 5100 7250 62 2800 VIII-3 1869.75 21500 2350 1990 67500 8000 4250 13100 1570 5400 7200 65 2675 VIII-4 1821.45 21600 2275 1940 66800 8000 4150 12800 1600 5000 6950 66 2700 IX-1 1886.1 22000 2000 1920 66650 8100 4125 13200 1600 5300 7000 63 2525 IX-2 1854.5 21600 1990 1890 69250 8300 4075 13400 1550 5300 7000 63 2700 IX-3 1823.25 21800 1950 1820 65900 7850 4075 12800 1450 4900 6500 61 2675 IX-4 1641.7 20750 1630 1580 58850 7500 3425 11200 1110 4700 5500 55 2175 X-1 1625.9 18800 1690 1480 63000 7500 3600 11400 1170 4550 6150 51 1900 X-2 1640.15 17100 1650 1500 63000 7450 3375 11700 1190 4300 6000 52 1930 X-3 1681.1 19150 1930 1670 67500 8050 3800 13200 1500 5200 6700 54 2300 X-4 1639.45 19500 1950 1720 68000 7800 3900 12900 1460 5000 6600 53 2250 X-5 1742.4 21500 2125 1830 69900 8000 4050 13500 1440 5000 7250 53 2450 XI-1 1753.9 21050 2075 1710 68300 8000 4000 13600 1420 4975 7150 52 2350 XI-2 1787.7 21750 2075 1700 70500 8250 3975 14000 1430 4850 7250 51 2325 XI-3 1723.35 22600 1940 1650 67600 7750 3700 13100 1350 4550 6650 50 2175 38

39 WAKTU EMAS AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI BNBR BUMI XI-4 1694.3 21000 1900 1640 69000 7550 3700 13300 1250 4450 6550 50 2050 XII-1 1746.05 22650 1950 1670 71000 8000 3925 13400 1260 4375 6700 50 2100 XII-2 1712.15 21800 1960 1660 73700 8000 3925 13400 1240 4375 6650 52 200 XII-3 1596.65 20550 1820 1610 72500 8000 3875 13400 1220 4200 6700 51 2250 XII-4 1607.05 21150 1770 1620 74000 8050 3925 13600 1200 4150 6800 50 2125 41

WAKTU DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT ITMG JSMR KLBF LPKR 0-1 1470 159 126 37000 4725 4700 4400 16300 5100 50500 3300 3150 650 I-1 1610 157 124 40250 4900 4875 4775 16000 5400 50750 3450 3300 680 I-2 1560 155 124 38700 4675 4750 4925 16000 5100 53500 3300 3100 690 I-3 1470 144 121 38400 4750 4900 4950 15150 5150 53350 3300 2975 610 I-4 1280 134 110 36000 4675 4525 4450 13400 5050 47900 3125 2750 570 I-5 1250 131 108 37100 4750 4725 4150 14000 4850 47500 3050 2875 580 II-1 1340 128 105 36700 4925 4800 4225 14650 5050 47750 3100 2925 570 II-2 1310 127 104 34500 5000 4675 3950 14500 5050 44750 3050 2875 530 II-3 1220 135 107 35750 4900 4725 3825 15650 5050 46500 3125 2925 590 II-4 1180 142 108 36050 5000 4825 3725 14300 5100 45200 3075 2900 530 III-1 1130 140 111 36150 5100 4975 3875 14750 5000 44000 3275 2900 550 III-2 1120 143 123 39750 4675 4825 3725 14800 5050 43000 3275 3100 570 III-3 1110 138 125 41900 4625 4900 3900 14400 5150 48500 3200 2975 550 III-4 1150 137 127 41900 4725 5150 4150 15600 5150 48450 3275 3125 570 IV-1 1160 139 129 41000 4775 5450 4000 16700 5500 48500 3450 3475 630 IV-2 1210 141 130 41150 4875 5350 4150 16000 5300 49850 3350 3675 690 IV-3 1290 139 128 40500 4850 5350 4000 17000 5350 48750 3325 3675 700 IV-4 1310 139 141 41350 4925 5600 3975 17800 5350 47500 3400 3550 770 V-1 1300 144 157 40650 5000 5550 4075 16900 5350 46500 3300 3575 780 V-2 1230 147 161 40800 4800 5700 4150 17000 5400 47350 3425 3425 780 V-3 1270 169 205 43700 4800 5600 4150 16650 5200 45600 3425 3425 730 V-4 1220 170 192 43500 4850 5600 4125 17050 5250 46750 3450 3450 660 V-5 1170 163 191 43800 4850 5500 4300 17400 5200 47650 3450 3450 680 VI-1 1190 162 210 44400 4750 5450 4150 17200 5200 46700 3400 3450 670 40

WAKTU DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT ITMG JSMR KLBF LPKR VI-2 1060 155 200 45300 4600 5200 4000 16500 5150 46300 3325 3300 640 VI-3 990 143 195 44250 4525 5300 3725 16900 5200 44500 3450 3250 630 VI-4 1030 149 205 46950 4500 5550 3750 16700 5100 44900 3500 3475 650 VII-1 1050 150 205 50000 4525 6000 3825 17200 5100 45300 3725 3500 650 VII-2 1110 147 200 50850 4475 5800 3725 16800 5100 47000 3750 3625 650 VII-3 1020 148 200 50700 4375 5950 3700 16350 5300 47700 3650 3525 660 VII-4 1020 166 230 53850 4325 6000 3850 16400 5650 50200 3875 3475 750 VIII-1 970 170 260 51400 4275 6400 3750 15550 5550 50850 3975 3525 780 VIII-2 810 146 200 50500 3700 6200 3250 13600 5600 43500 3775 3175 740 VIII-3 860 150 215 55000 3825 6500 3250 14700 5500 45000 3925 3450 790 VIII-4 870 143 192 53200 3725 6100 3050 14750 5500 43000 3975 3375 730 IX-1 850 144 192 56600 3700 6200 3275 15500 5300 43150 4075 3550 740 IX-2 850 142 191 59500 3825 5800 3250 15000 5600 44500 4125 3525 740 IX-3 810 135 177 56100 3700 5650 2950 14050 5500 44400 4000 3550 700 IX-4 680 121 148 50000 3100 4600 2350 12400 5550 40650 3600 2925 650 X-1 660 108 128 52000 2925 4975 2175 13600 5000 39000 3925 3175 660 X-2 600 103 124 55500 2925 4925 2325 12850 4775 37400 3750 3350 610 X-3 650 122 170 57500 3200 5650 2625 15000 5000 42000 3850 3400 650 X-4 650 119 170 55400 3250 5600 2550 14700 4975 41000 3925 3400 640 X-5 650 120 173 59900 3725 5350 2950 16200 5250 45100 3875 3525 650 XI-1 620 115 158 60950 3550 5150 2575 15600 5350 43650 3925 3475 630 XI-2 620 116 159 61550 3425 4925 2425 15200 5200 44600 3925 3575 640 XI-3 630 110 158 61150 3325 4750 2250 15200 5350 42700 3875 3400 640 XI-4 640 107 150 61200 3075 4725 2075 14750 5200 39000 3800 3375 630 41

WAKTU DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT ITMG JSMR KLBF LPKR XII-1 650 108 153 66400 3175 4850 2250 15100 5650 40200 3775 3575 640 XII-2 700 105 155 63000 3150 4800 2200 15300 5300 38950 4200 3450 640 XII-3 670 122 159 62200 3050 4575 2100 16550 5400 37000 4125 3350 630 XII-4 670 122 175 62000 3050 4725 2200 17050 5250 38250 4125 3375 650 42

WAKTU LSIP MEDC PGAS PTBA SMCB SMGR TINS TLKM UNSP UNTR UNVR 0-1 11950 3125 4225 21200 2250 9250 2725 7900 380 23000 15850 I-1 12900 3375 4450 22950 2250 9650 2775 8000 395 23950 16500 I-2 11850 3275 4275 22800 2225 9300 2700 7250 395 24400 15800 I-3 12400 3225 4250 23350 2075 9050 2650 7550 380 22150 16100 I-4 11300 2950 4050 21000 1960 7800 2500 7550 360 20400 14250 I-5 11300 3200 4125 19900 2000 7650 2800 7650 345 21750 14750 II-1 11800 3375 4275 20300 1960 8350 2900 7800 350 22900 15500 II-2 10800 3250 3850 19500 1890 8400 2800 7600 330 22600 14700 II-3 11000 3275 3850 19650 1940 8750 2825 7450 340 23100 15500 II-4 10750 2975 3625 20000 1850 8500 2700 7550 350 23050 15850 III-1 11625 2875 3575 19950 1910 8800 2700 7300 355 23600 16650 III-2 11250 2900 3675 20400 1880 8800 2575 7300 350 23000 16800 III-3 11250 2825 3675 20400 1870 8450 2550 6750 355 22000 15600 III-4 11375 2900 3800 21000 2025 9100 2650 7100 355 22550 15950 IV-1 11750 2850 3900 22000 1990 9800 2750 7300 360 21550 15500 IV-2 11750 2850 4000 22400 2050 9700 2825 7000 350 22150 15150 IV-3 12000 2800 4025 22550 2175 9550 2875 7300 360 22200 14950 IV-4 12125 2775 3925 22200 2200 9600 2850 7750 365 23150 15400 V-1 12250 2750 4025 22400 2200 9500 2875 7700 390 23250 15300 V-2 12125 2750 4225 21750 2200 9350 2725 7500 400 24000 14950 V-3 12000 2700 4050 21200 2100 9250 2675 7600 460 22100 14850 V-4 11875 2700 3950 20950 2150 9650 2675 7600 485 22200 14900 V-5 12125 2600 4050 21600 2200 9700 2600 7700 450 22550 14950 VI-1 12125 2600 4075 21200 2250 9600 2575 7650 450 22850 14900 43

4 44 WAKTU LSIP MEDC PGAS PTBA SMCB SMGR TINS TLKM UNSP UNTR UNVR VI-2 11625 2475 3950 20900 2100 9200 2525 7450 455 22500 14750 VI-3 11500 2350 4000 20850 2250 9600 2400 6850 420 23000 14800 VI-4 11375 2350 4000 20500 2175 9550 2475 7200 425 23400 15200 VII-1 11875 2375 4075 21250 2250 9900 2500 7300 425 24600 14950 VII-2 11625 2275 3950 21500 2175 9850 2650 7150 415 25300 15050 VII-3 11625 2250 4000 20850 2125 10000 2600 7150 410 24750 15000 VII-4 11750 2400 4000 21150 2150 9900 2525 7400 435 25650 14950 VIII-1 11875 2500 4000 21400 2100 9350 2450 7400 440 27350 15700 VIII-2 11000 2300 3025 19400 1910 8800 2025 7500 370 23900 16000 VIII-3 11875 2575 3375 19000 2000 8900 2300 7250 385 24400 16600 VIII-4 11500 2425 3275 19000 1930 8800 2150 7400 390 23700 16750 IX-1 12250 2325 2950 19350 1920 9100 2250 7350 380 23750 17050 IX-2 11375 2475 2825 19500 2000 9050 2200 7550 375 24850 16750 IX-3 11000 2500 2650 17900 1990 8700 2125 7300 365 23250 14000 IX-4 9650 2225 2350 15750 1750 8000 1850 7200 305 20100 15500 X-1 10000 2075 2600 16800 1700 8200 1730 7450 275 21300 16500 X-2 9250 2075 2550 14200 1700 7900 1630 7250 265 20600 15900 X-3 10250 2375 2725 17500 1940 9000 1860 7150 310 23100 15900 X-4 10250 2150 2925 17200 1870 8900 1870 7350 285 23100 16200 X-5 11125 2250 3025 18800 1950 9500 2025 7450 305 25200 15700 XI-1 10875 2375 3025 17850 1940 9300 1950 7550 285 24650 15900 XI-2 11125 2450 3125 17850 1910 9300 1910 7400 290 25000 16150 XI-3 11625 2325 3050 17600 1870 9000 1810 7450 285 25250 16200 XI-4 11750 2350 2925 16850 1830 8950 1740 7300 275 24000 17850

45 WAKTU LSIP MEDC PGAS PTBA SMCB SMGR TINS TLKM UNSP UNTR UNVR XII-1 11625 2450 3225 17600 1930 9450 1720 7400 280 25400 17500 XII-2 11625 2425 3150 17100 2150 9550 1720 7250 275 24900 17800 XII-3 10625 2450 3150 16700 2200 10650 1700 7150 285 25200 17800 XII-4 11375 2450 3225 17300 2150 10800 1670 7200 290 25000 18900 Keterangan: 1. Saham BBRI melakukan stock split pada bulan Januari 2011, dengan rasio 1:2. Pada peneltian ini, dianggap tidak melakukan stock split, agar harga saham dapat sama dengan dan seimbang dengan harga saham lainnya 2. Saham LSIP juga melakukan stock split pada bulan Februari 2011, dengan rasio 1:5. Pada peneltian ini juga, dianggap tidak melakukan stock split, agar harga saham dapat sama dengan dan seimbang dengan harga saham lainnya

46 LAMPIRAN 3 Return Emas dan Saham dalam LQ-45 Periode Januari-Desember 2011 WAKTU EMAS AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI I-1 2.411% 8.537% 0.990% 5.319% 4.091% 2.344% 6.897% 5.473% 0.610% -1.709% 1.538% I-2-3.264% -6.742% 5.882% -5.051% -12.249% -3.053% -9.032% -8.019% -3.030% -7.826% -4.545% I-3-0.489% 1.606% -2.778% 3.191% -1.458% -5.512% -4.255% 4.615% -11.250% 1.887% -8.730% I-4-1.368% -11.858% -9.524% -7.216% -0.317% -9.167% -4.444% -6.863% -10.563% 9.259% -3.478% I-5-0.033% -3.587% -1.053% -1.111% 3.712% 4.587% 1.550% 4.211% 7.874% 1.695% 5.405% II-1-0.007% 8.140% 5.319% 3.371% 0.613% 6.140% 3.817% 0.000% 3.650% 1.667% 3.419% II-2 0.833% -2.366% -4.040% -4.348% -0.407% -1.653% 0.000% -7.071% -8.451% 1.639% -7.438% II-3 2.597% -2.863% 2.105% 0.000% 8.163% 3.361% 3.676% 5.978% 4.615% 8.065% 4.464% II-4 1.632% -2.494% 0.000% -1.136% -2.453% 0.000% -2.128% -3.590% -1.471% -4.478% -2.564% III-1 1.505% 5.116% -3.093% 2.299% 6.190% 10.569% 10.145% 10.638% 10.448% -0.781% 7.895% III-2-0.615% -2.655% -1.064% -3.371% -1.639% 0.000% -1.316% -0.962% -2.703% 0.000% 0.813% III-3-0.035% -1.818% 2.151% 0.000% 0.926% -3.676% -3.333% -1.942% 3.472% 1.575% -3.226% III-4-0.007% 3.704% -4.211% 4.651% 4.587% 5.344% 4.828% 5.941% 4.027% -1.550% 4.167% IV-1 0.340% 2.009% 1.099% 3.333% 1.842% 2.899% 5.263% 10.280% 8.387% 2.362% 10.400% IV-2 3.171% -1.532% -1.087% 2.151% -2.670% -1.408% -0.625% 6.780% 2.976% -0.769% 1.449% IV-3 0.834% 1.333% 0.000% -1.053% -2.655% 4.286% 0.629% -1.587% 2.312% 0.000% -2.857% IV-4 1.616% 1.316% -2.198% -3.191% 1.455% 2.740% 2.500% 4.839% 1.130% -1.550% 5.147% V-1 2.755% 0.649% 0.000% 0.000% 0.627% -1.333% -1.220% 0.000% -4.469% -2.362% 0.000% V-2-3.859% 1.075% 3.371% -3.297% 0.623% -1.351% -3.086% -4.615% -4.094% -0.806% -2.098% V-3-0.110% 0.426% -3.261% 0.000% 3.540% -1.370% 0.000% -0.806% 1.829% -1.626% 1.429%

47 WAKTU EMAS AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI V-4 1.639% 0.000% 5.618% 0.000% 4.274% 0.000% -0.637% 4.878% -1.198% 0.000% 1.408% V-5-10.568% -1.695% 2.128% -2.273% -3.279% -0.694% -1.282% -3.101% -1.818% 0.826% 0.000% VI-1 13.881% 2.802% 2.083% -1.163% -0.678% -0.699% 0.000% 2.400% 0.617% 1.639% -2.083% VI-2-0.942% -4.403% -2.041% -1.176% -2.730% -1.408% -3.896% -1.563% -1.227% -4.032% -1.418% VI-3 0.569% 0.877% -3.125% -3.571% 2.281% 3.571% -2.027% -0.794% 0.621% -0.840% -1.439% VI-4-2.402% -0.435% 1.075% 3.704% 5.146% 2.759% 0.690% 2.400% 3.704% 0.000% 2.190% VII-1-0.812% 1.747% 7.447% 0.000% 7.259% 5.369% 6.849% 6.250% 4.167% 2.542% 4.286% VII-2 3.485% -1.073% 1.980% -1.190% 2.357% 1.274% -1.282% 0.000% 2.286% -0.826% 4.110% VII-3 3.497% -0.434% 0.000% -3.614% 4.755% 4.403% 2.597% -0.735% 1.117% -6.667% 3.947% VII-4 1.229% 1.089% -1.942% 2.500% 2.695% -1.807% 0.633% -2.222% -8.840% 0.000% -4.430% VIII-1 4.459% 1.293% 5.941% -1.220% -1.243% 2.454% 13.208% 5.303% 3.636% -1.786% 3.974% VIII-2 2.834% -9.787% -13.084% -6.173% -8.392% -4.192% -12.222% -5.755% -9.357% -7.273% -7.643% VIII-3 7.791% 1.415% 1.075% 4.737% 3.053% 0.000% 7.595% 0.000% 1.290% 5.882% -0.690% VIII-4-2.583% 0.465% -3.191% -2.513% -1.037% 0.000% -2.353% -2.290% 1.911% -7.407% -3.472% IX-1 3.549% 1.852% -12.088% -1.031% -0.225% 1.250% -0.602% 3.125% 0.000% 6.000% 0.719% IX-2-1.675% -1.818% -0.500% -1.563% 3.901% 2.469% -1.212% 1.515% -3.125% 0.000% 0.000% IX-3-1.685% 0.926% -2.010% -3.704% -4.838% -5.422% 0.000% -4.478% -6.452% -7.547% -7.143% IX-4-9.957% -4.817% -16.410% -13.187% -10.698% -4.459% -15.951% -12.500% -23.448% -4.082% -15.385% X-1-0.962% -9.398% 3.681% -6.329% 7.052% 0.000% 5.109% 1.786% 5.405% -3.191% 11.818% X-2 0.876% -9.043% -2.367% 1.351% 0.000% -0.667% -6.250% 2.632% 1.709% -5.495% -2.439% X-3 2.497% 11.988% 16.970% 11.333% 7.143% 8.054% 12.593% 12.821% 26.050% 20.930% 11.667% X-4-2.478% 1.828% 1.036% 2.994% 0.741% -3.106% 2.632% -2.273% -2.667% -3.846% -1.493% X-5 6.280% 10.256% 8.974% 6.395% 2.794% 2.564% 3.846% 4.651% -1.370% 0.000% 9.848%

48 WAKTU EMAS AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI XI-1 0.660% -2.093% -2.353% -6.557% -2.289% 0.000% -1.235% 0.741% -1.389% -0.500% -1.379% XI-2 1.927% 3.325% 0.000% -0.585% 3.221% 3.125% -0.625% 2.941% 0.704% -2.513% 1.399% XI-3-3.600% 3.908% -6.506% -2.941% -4.113% -6.061% -6.918% -6.429% -5.594% -6.186% -8.276% 49 XI-4-1.686% -7.080% -2.062% -0.606% 2.071% -2.581% 0.000% 1.527% -7.407% -2.198% -1.504% XII-1 3.054% 7.857% 2.632% 1.829% 2.899% 5.960% 6.081% 0.752% 0.800% -1.685% 2.290% XII-2-1.942% -3.753% 0.513% -0.599% 3.803% 0.000% 0.000% 0.000% -1.587% 0.000% -0.746% XII-3-6.746% -5.734% -7.143% -3.012% -1.628% 0.000% -1.274% 0.000% -1.613% -4.000% 0.752% XII-4 0.651% 2.920% -2.747% 0.621% 2.069% 0.625% 1.290% 1.493% -1.639% -1.190% 1.493% TOTAL 18.75% -9.02% -27.81% -33.00% 38.89% 26.53% 15.22% 36.37% -19.41% -28.75% 11.55% E 0.37% -0.18% -0.55% -0.65% 0.76% 0.52% 0.30% 0.71% -0.38% -0.56% 0.23%

49 WAKTU BNBR BUMI DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT I-1-2.941% 1.667% 9.524% -1.258% -1.587% 8.784% 3.704% 3.723% 8.523% -1.840% 5.882% I-2 6.061% 2.459% -3.106% -1.274% 0.000% -3.851% -4.592% -2.564% 3.141% 0.000% -5.556% I-3 4.286% 1.600% -5.769% -7.097% -2.419% -0.775% 1.604% 3.158% 0.508% -5.313% 0.980% I-4-6.849% -5.512% -12.925% -6.944% -9.091% -6.250% -1.579% -7.653% -10.101% -11.551% -1.942% I-5-2.941% -6.667% -2.344% -2.239% -1.818% 3.056% 1.604% 4.420% -6.742% 4.478% -3.960% II-1 1.515% 1.786% 7.200% -2.290% -2.778% -1.078% 3.684% 1.587% 1.807% 4.643% 4.124% II-2-7.463% -3.509% -2.239% -0.781% -0.952% -5.995% 1.523% -2.604% -6.509% -1.024% 0.000% II-3 3.226% 3.636% -6.870% 6.299% 2.885% 3.623% -2.000% 1.070% -3.165% 7.931% 0.000% II-4 0.000% 2.632% -3.279% 5.185% 0.935% 0.839% 2.041% 2.116% -2.614% -8.626% 0.990% III-1 4.688% 3.419% -4.237% -1.408% 2.778% 0.277% 2.000% 3.109% 4.027% 3.147% -1.961% III-2-1.493% 0.826% -0.885% 2.143% 10.811% 9.959% -8.333% -3.015% -3.871% 0.339% 1.000% III-3-4.545% 2.459% -0.893% -3.497% 1.626% 5.409% -1.070% 1.554% 4.698% -2.703% 1.980% III-4 1.587% 0.800% 3.604% -0.725% 1.600% 0.000% 2.162% 5.102% 6.410% 8.333% 0.000% IV-1 3.125% 5.556% 0.870% 1.460% 1.575% -2.148% 1.058% 5.825% -3.614% 7.051% 6.796% IV-2-1.515% -2.256% 4.310% 1.439% 0.775% 0.366% 2.094% -1.835% 3.750% -4.192% -3.636% IV-3 1.538% 3.846% 6.612% -1.418% -1.538% -1.580% -0.513% 0.000% -3.614% 6.250% 0.943% IV-4 0.000% -0.741% 1.550% 0.000% 10.156% 2.099% 1.546% 4.673% -0.625% 4.706% 0.000% V-1 0.000% 2.985% -0.763% 3.597% 11.348% -1.693% 1.523% -0.893% 2.516% -5.056% 0.000% V-2 10.606% 4.348% -5.385% 2.083% 2.548% 0.369% -4.000% 2.703% 1.840% 0.592% 0.935% V-3 16.438% -2.083% 3.252% 14.966% 27.329% 7.108% 0.000% -1.754% 0.000% -2.059% -3.704% V-4-3.529% -1.418% -3.937% 0.592% -6.341% -0.458% 1.042% 0.000% -0.602% 2.402% 0.962% V-5-4.878% -2.158% -4.098% -4.118% -0.521% 0.690% 0.000% -1.786% 4.242% 2.053% -0.952% VI-1 0.000% -2.206% 1.709% -0.613% 9.948% 1.370% -2.062% -0.909% -3.488% -1.149% 0.000% 51

50 WAKTU BNBR BUMI DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT VI-2-3.846% 2.256% -10.924% -4.321% -4.762% 2.027% -3.158% -4.587% -3.614% -4.070% -0.962% VI-3-9.333% -10.294% -6.604% -7.742% -2.500% -2.318% -1.630% 1.923% -6.875% 2.424% 0.971% VI-4 0.000% 0.000% 4.040% 4.196% 5.128% 6.102% -0.552% 4.717% 0.671% -1.183% -1.923% VII-1 0.000% -0.820% 1.942% 0.671% 0.000% 6.496% 0.556% 8.108% 2.000% 2.994% 0.000% VII-2-1.471% -0.826% 5.714% -2.000% -2.439% 1.700% -1.105% -3.333% -2.614% -2.326% 0.000% VII-3-1.493% -0.833% -8.108% 0.680% 0.000% -0.295% -2.235% 2.586% -0.671% -2.679% 3.922% VII-4 6.061% 4.202% 0.000% 12.162% 15.000% 6.213% -1.143% 0.840% 4.054% 0.306% 6.604% VIII-1 0.000% -0.806% -4.902% 2.410% 13.043% -4.550% -1.156% 6.667% -2.597% -5.183% -1.770% VIII-2-11.429% -8.943% -16.495% -14.118% -23.077% -1.751% -13.450% -3.125% -13.333% -12.540% 0.901% VIII-3 4.839% -4.464% 6.173% 2.740% 7.500% 8.911% 3.378% 4.839% 0.000% 8.088% -1.786% VIII-4 1.538% 0.935% 1.163% -4.667% -10.698% -3.273% -2.614% -6.154% -6.154% 0.340% 0.000% IX-1-4.545% -6.481% -2.299% 0.699% 0.000% 6.391% -0.671% 1.639% 7.377% 5.085% -3.636% IX-2 0.000% 6.931% 0.000% -1.389% -0.521% 5.124% 3.378% -6.452% -0.763% -3.226% 5.660% IX-3-3.175% -0.926% -4.706% -4.930% -7.330% -5.714% -3.268% -2.586% -9.231% -6.333% -1.786% IX-4-9.836% -18.692% -16.049% -10.370% -16.384% -10.873% -16.216% -18.584% -20.339% -11.744% 0.909% X-1-7.273% -12.644% -2.941% -10.744% -13.514% 4.000% -5.645% 8.152% -7.447% 9.677% -9.910% X-2 1.961% 1.579% -9.091% -4.630% -3.125% 6.731% 0.000% -1.005% 6.897% -5.515% -4.500% X-3 3.846% 19.171% 8.333% 18.447% 37.097% 3.604% 9.402% 14.721% 12.903% 16.732% 4.712% X-4-1.852% -2.174% 0.000% -2.459% 0.000% -3.652% 1.563% -0.885% -2.857% -2.000% -0.500% X-5 0.000% 8.889% 0.000% 0.840% 1.765% 8.123% 14.615% -4.464% 15.686% 10.204% 5.528% XI-1-1.887% -4.082% -4.615% -4.167% -8.671% 1.753% -4.698% -3.738% -12.712% -3.704% 1.905% XI-2-1.923% -1.064% 0.000% 0.870% 0.633% 0.984% -3.521% -4.369% -5.825% -2.564% -2.804% XI-3-1.961% -6.452% 1.613% -5.172% -0.629% -0.650% -2.920% -3.553% -7.216% 0.000% 2.885%

51 WAKTU BNBR BUMI DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT XI-4 0.000% -5.747% 1.587% -2.727% -5.063% 0.082% -7.519% -0.526% -7.778% -2.961% -2.804% XII-1 0.000% 2.439% 1.563% 0.935% 2.000% 8.497% 3.252% 2.646% 8.434% 2.373% 8.654% XII-2 4.000% 4.762% 7.692% -2.778% 1.307% -5.120% -0.787% -1.031% -2.222% 1.325% -6.195% XII-3-1.923% 2.273% -4.286% 16.190% 2.581% -1.270% -3.175% -4.688% -4.545% 8.170% 1.887% XII-4-1.961% -5.556% 0.000% 0.000% 10.063% -0.322% 0.000% 3.279% 4.762% 3.021% -2.778% TOTAL -24.75% -25.90% -69.30% -17.27% 54.67% 57.07% -37.88% 7.06% -57.50% 13.12% 6.07% E -0.49% -0.51% -1.36% -0.34% 1.07% 1.12% -0.74% 0.14% -1.13% 0.26% 0.12%

52 WAKTU ITMG JSMR KLBF LPKR LSIP MEDC PGAS PTBA SMCB SMGR TINS I-1 0.495% 4.545% 4.762% 4.615% 7.950% 8.000% 5.325% 8.255% 0.000% 4.324% 1.835% I-2 5.419% -4.348% -6.061% 1.471% -8.140% -2.963% -3.933% -0.654% -1.111% -3.627% -2.703% I-3-0.280% 0.000% -4.032% -11.594% 4.641% -1.527% -0.585% 2.412% -6.742% -2.688% -1.852% I-4-10.216% -5.303% -7.563% -6.557% -8.871% -8.527% -4.706% -10.064% -5.542% -13.812% -5.660% I-5-0.835% -2.400% 4.545% 1.754% 0.000% 8.475% 1.852% -5.238% 2.041% -1.923% 12.000% II-1 0.526% 1.639% 1.739% -1.724% 4.425% 5.469% 3.636% 2.010% -2.000% 9.150% 3.571% II-2-6.283% -1.613% -1.709% -7.018% -8.475% -3.704% -9.942% -3.941% -3.571% 0.599% -3.448% II-3 3.911% 2.459% 1.739% 11.321% 1.852% 0.769% 0.000% 0.769% 2.646% 4.167% 0.893% II-4-2.796% -1.600% -0.855% -10.169% -2.273% -9.160% -5.844% 1.781% -4.639% -2.857% -4.425% III-1-2.655% 6.504% 0.000% 3.774% 8.140% -3.361% -1.379% -0.250% 3.243% 3.529% 0.000% III-2-2.273% 0.000% 6.897% 3.636% -3.226% 0.870% 2.797% 2.256% -1.571% 0.000% -4.630% III-3 12.791% -2.290% -4.032% -3.509% 0.000% -2.586% 0.000% 0.000% -0.532% -3.977% -0.971% III-4-0.103% 2.344% 5.042% 3.636% 1.111% 2.655% 3.401% 2.941% 8.289% 7.692% 3.922% IV-1 0.103% 5.344% 11.200% 10.526% 3.297% -1.724% 2.632% 4.762% -1.728% 7.692% 3.774% IV-2 2.784% -2.899% 5.755% 9.524% 0.000% 0.000% 2.564% 1.818% 3.015% -1.020% 2.727% IV-3-2.207% -0.746% 0.000% 1.449% 2.128% -1.754% 0.625% 0.670% 6.098% -1.546% 1.770% IV-4-2.564% 2.256% -3.401% 10.000% 1.042% -0.893% -2.484% -1.552% 1.149% 0.524% -0.870% V-1-2.105% -2.941% 0.704% 1.299% 1.031% -0.901% 2.548% 0.901% 0.000% -1.042% 0.877% V-2 1.828% 3.788% -4.196% 0.000% -1.020% 0.000% 4.969% -2.902% 0.000% -1.579% -5.217% V-3-3.696% 0.000% 0.000% -6.410% -1.031% -1.818% -4.142% -2.529% -4.545% -1.070% -1.835% V-4 2.522% 0.730% 0.730% -9.589% -1.042% 0.000% -2.469% -1.179% 2.381% 4.324% 0.000% V-5 1.925% 0.000% 0.000% 3.030% 2.105% -3.704% 2.532% 3.103% 2.326% 0.518% -2.804% VI-1-1.994% -1.449% 0.000% -1.471% 0.000% 0.000% 0.617% -1.852% 2.273% -1.031% -0.962%

53 WAKTU ITMG JSMR KLBF LPKR LSIP MEDC PGAS PTBA SMCB SMGR TINS VI-2-0.857% -2.206% -4.348% -4.478% -4.124% -4.808% -3.067% -1.415% -6.667% -4.167% -1.942% VI-3-3.888% 3.759% -1.515% -1.563% -1.075% -5.051% 1.266% -0.239% 7.143% 4.348% -4.950% VI-4 0.899% 1.449% 6.923% 3.175% -1.087% 0.000% 0.000% -1.679% -3.333% -0.521% 3.125% VII-1 0.891% 6.429% 0.719% 0.000% 4.396% 1.064% 1.875% 3.659% 3.448% 3.665% 1.010% VII-2 3.753% 0.671% 3.571% 0.000% -2.105% -4.211% -3.067% 1.176% -3.333% -0.505% 6.000% VII-3 1.489% -2.667% -2.759% 1.538% 0.000% -1.099% 1.266% -3.023% -2.299% 1.523% -1.887% VII-4 5.241% 6.164% -1.418% 13.636% 1.075% 6.667% 0.000% 1.439% 1.176% -1.000% -2.885% VIII-1 1.295% 2.581% 1.439% 4.000% 1.064% 4.167% 0.000% 1.182% -2.326% -5.556% -2.970% VIII-2-14.454% -5.031% -9.929% -5.128% -7.368% -8.000% -24.375% -9.346% -9.048% -5.882% -17.347% VIII-3 3.448% 3.974% 8.661% 6.757% 7.955% 11.957% 11.570% -2.062% 4.712% 1.136% 13.580% VIII-4-4.444% 1.274% -2.174% -7.595% -3.158% -5.825% -2.963% 0.000% -3.500% -1.124% -6.522% IX-1 0.349% 2.516% 5.185% 1.370% 6.522% -4.124% -9.924% 1.842% -0.518% 3.409% 4.651% IX-2 3.129% 1.227% -0.704% 0.000% -7.143% 6.452% -4.237% 0.775% 4.167% -0.549% -2.222% IX-3-0.225% -3.030% 0.709% -5.405% -3.297% 1.010% -6.195% -8.205% -0.500% -3.867% -3.409% IX-4-8.446% -10.000% -17.606% -7.143% -12.273% -11.000% -11.321% -12.011% -12.060% -8.046% -12.941% X-1-4.059% 9.028% 8.547% 1.538% 3.627% -6.742% 10.638% 6.667% -2.857% 2.500% -6.486% X-2-4.103% -4.459% 5.512% -7.576% -7.500% 0.000% -1.923% -15.476% 0.000% -3.659% -5.780% X-3 12.299% 2.667% 1.493% 6.557% 10.811% 14.458% 6.863% 23.239% 14.118% 13.924% 14.110% X-4-2.381% 1.948% 0.000% -1.538% 0.000% -9.474% 7.339% -1.714% -3.608% -1.111% 0.538% X-5 10.000% -1.274% 3.676% 1.563% 8.537% 4.651% 3.419% 9.302% 4.278% 6.742% 8.289% XI-1-3.215% 1.290% -1.418% -3.077% -2.247% 5.556% 0.000% -5.053% -0.513% -2.105% -3.704% XI-2 2.176% 0.000% 2.878% 1.587% 2.299% 3.158% 3.306% 0.000% -1.546% 0.000% -2.051% XI-3-4.260% -1.274% -4.895% 0.000% 4.494% -5.102% -2.400% -1.401% -2.094% -3.226% -5.236%

54 WAKTU ITMG JSMR KLBF LPKR LSIP MEDC PGAS PTBA SMCB SMGR TINS XI-4-8.665% -1.935% -0.735% -1.563% 1.075% 1.075% -4.098% -4.261% -2.139% -0.556% -3.867% XII-1 3.077% -0.658% 5.926% 1.587% -1.064% 4.255% 10.256% 4.451% 5.464% 5.587% -1.149% XII-2-3.109% 11.258% -3.497% 0.000% 0.000% -1.020% -2.326% -2.841% 11.399% 1.058% 0.000% XII-3-5.006% -1.786% -2.899% -1.563% -8.602% 1.031% 0.000% -2.339% 2.326% 11.518% -1.163% XII-4 3.378% 0.000% 0.746% 3.175% 7.059% 0.000% 2.381% 3.593% -2.273% 1.408% -1.765% TOTAL -21.39% 25.93% 13.35% 7.85% 1.51% -17.34% -17.70% -12.22% 1.09% 21.29% -40.98% E -0.42% 0.51% 0.26% 0.15% 0.03% -0.34% -0.35% -0.24% 0.02% 0.42% -0.80%

55 WAKTU TLKM UNSP UNTR UNVR I-1 1.266% 3.947% 4.130% 4.101% I-2-9.375% 0.000% 1.879% -4.242% I-3 4.138% -3.797% -9.221% 1.899% I-4 0.000% -5.263% -7.901% -11.491% I-5 1.325% -4.167% 6.618% 3.509% II-1 1.961% 1.449% 5.287% 5.085% II-2-2.564% -5.714% -1.310% -5.161% II-3-1.974% 3.030% 2.212% 5.442% II-4 1.342% 2.941% -0.216% 2.258% III-1-3.311% 1.429% 2.386% 5.047% III-2 0.000% -1.408% -2.542% 0.901% III-3-7.534% 1.429% -4.348% -7.143% III-4 5.185% 0.000% 2.500% 2.244% IV-1 2.817% 1.408% -4.435% -2.821% IV-2-4.110% -2.778% 2.784% -2.258% IV-3 4.286% 2.857% 0.226% -1.320% IV-4 6.164% 1.389% 4.279% 3.010% V-1-0.645% 6.849% 0.432% -0.649% V-2-2.597% 2.564% 3.226% -2.288% V-3 1.333% 15.000% -7.917% -0.669% V-4 0.000% 5.435% 0.452% 0.337% V-5 1.316% -7.216% 1.577% 0.336% VI-1-0.649% 0.000% 1.330% -0.334%

56 WAKTU TLKM UNSP UNTR UNVR VI-2-2.614% 1.111% -1.532% -1.007% VI-3-8.054% -7.692% 2.222% 0.339% VI-4 5.109% 1.190% 1.739% 2.703% VII-1 1.389% 0.000% 5.128% -1.645% VII-2-2.055% -2.353% 2.846% 0.669% VII-3 0.000% -1.205% -2.174% -0.332% VII-4 3.497% 6.098% 3.636% -0.333% VIII-1 0.000% 1.149% 6.628% 5.017% VIII-2 1.351% -15.909% -12.614% 1.911% VIII-3-3.333% 4.054% 2.092% 3.750% VIII-4 2.069% 1.299% -2.869% 0.904% IX-1-0.676% -2.564% 0.211% 1.791% IX-2 2.721% -1.316% 4.632% -1.760% IX-3-3.311% -2.667% -6.439% -16.418% IX-4-1.370% -16.438% -13.548% 10.714% X-1 3.472% -9.836% 5.970% 6.452% X-2-2.685% -3.636% -3.286% -3.636% X-3-1.379% 16.981% 12.136% 0.000% X-4 2.797% -8.065% 0.000% 1.887% X-5 1.361% 7.018% 9.091% -3.086% XI-1 1.342% -6.557% -2.183% 1.274% XI-2-1.987% 1.754% 1.420% 1.572% XI-3 0.676% -1.724% 1.000% 0.310%

57 WAKTU TLKM UNSP UNTR UNVR XI-4-2.013% -3.509% -4.950% 10.185% XII-1 1.370% 1.818% 5.833% -1.961% XII-2-2.027% -1.786% -1.969% 1.714% XII-3-1.379% 3.636% 1.205% 0.000% XII-4 0.699% 1.754% -0.794% 6.180% TOTAL -6.66% -18.01% 14.86% 22.98% E -0.13% -0.35% 0.29% 0.45%

58 LAMPIRAN 4 Risiko Emas dan Saham dalam LQ-45 Periode Januari-Desember 2011 WAKTU EMAS AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI BNBR I-1 0.0418% 0.7592% 0.0236% 0.3560% 0.1108% 0.0333% 0.4353% 0.2265% 0.0098% 0.0131% 0.0172% 0.0603% I-2 0.1319% 0.4310% 0.4131% 0.1939% 1.6929% 0.1277% 0.8706% 0.7625% 0.0702% 0.5274% 0.2277% 0.4285% I-3 0.0073% 0.0318% 0.0498% 0.1473% 0.0493% 0.3638% 0.2074% 0.1523% 1.1814% 0.0601% 0.8022% 0.2276% I-4 0.0301% 1.3644% 0.8061% 0.4316% 0.0117% 0.9383% 0.2250% 0.5740% 1.0369% 0.9649% 0.1372% 0.4050% I-5 0.0016% 0.1163% 0.0026% 0.0022% 0.0870% 0.1654% 0.0157% 0.1223% 0.6814% 0.0510% 0.2682% 0.0603% II-1 0.0014% 0.6916% 0.3439% 0.1614% 0.0002% 0.3159% 0.1238% 0.0051% 0.1624% 0.0498% 0.1019% 0.0400% II-2 0.0022% 0.0479% 0.1222% 0.1370% 0.0137% 0.0472% 0.0009% 0.6059% 0.6513% 0.0485% 0.5874% 0.4868% II-3 0.0497% 0.0722% 0.0703% 0.0042% 0.5477% 0.0807% 0.1141% 0.2772% 0.2496% 0.7445% 0.1796% 0.1377% II-4 0.0160% 0.0537% 0.0030% 0.0024% 0.1034% 0.0027% 0.0589% 0.1852% 0.0119% 0.1532% 0.0779% 0.0024% III-1 0.0129% 0.2802% 0.0649% 0.0868% 0.2945% 1.0098% 0.9695% 0.9851% 1.1725% 0.0005% 0.5880% 0.2676% III-2 0.0097% 0.0614% 0.0027% 0.0742% 0.0577% 0.0027% 0.0261% 0.0280% 0.0539% 0.0032% 0.0034% 0.0101% III-3 0.0016% 0.0269% 0.0727% 0.0042% 0.0003% 0.1761% 0.1319% 0.0705% 0.1484% 0.0457% 0.1192% 0.1649% III-4 0.0014% 0.1506% 0.1343% 0.2807% 0.1463% 0.2326% 0.2051% 0.2733% 0.1943% 0.0097% 0. 1553% 0.0430% IV-1 0.0000% 0.0478% 0.0270% 0.1584% 0.0117% 0.0566% 0.2465% 0.9153% 0.7687% 0.0856% 1.0350% 0.1303% IV-2 0.0786% 0.0184% 0.0029% 0.0783% 0.1178% 0.0372% 0.0085% 0.3680% 0.1127% 0.0004% 0.0150% 0.0106% IV-3 0.0022% 0.0228% 0.0030% 0.0016% 0.1168% 0.1418% 0.0011% 0.0529% 0.0725% 0.0032% 0.0951% 0.0410% IV-4 0.0156% 0.0223% 0.0273% 0.0647% 0.0048% 0.0493% 0.0485% 0.1702% 0.0228% 0.0097% 0.2421% 0.0024% V-1 0.0570% 0.0068% 0.0030% 0.0042% 0.0002% 0.0344% 0.0230% 0.0051% 0.1672% 0.0323% 0.0005% 0.0024% V-2 0.1786% 0.0157% 0.1534% 0.0702% 0.0002% 0.0350% 0.1146% 0.2839% 0.1379% 0.0006% 0.0540% 1.2302% V-3 0.0023% 0.0036% 0.0737% 0.0042% 0.0771% 0.0357% 0.0009% 0.0231% 0.0488% 0.0113% 0.0145% 2.8641% V-4 0.0162% 0.0003% 0.3799% 0.0042% 0.1233% 0.0027% 0.0087% 0.1735% 0.0067% 0.0032% 0.0140% 0.0927% V-5 1.1958% 0.0230% 0.0714% 0.0264% 0.1633% 0.0148% 0.0250% 0.1455% 0.0207% 0.0193% 0.0005% 0.1930%

59 WAKTU EMAS AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI BNBR VI-1 1.8262% 0.0887% 0.0691% 0.0027% 0.0207% 0.0149% 0.0009% 0.0285% 0.0100% 0.0485% 0.0534% 0.0024% VI-2 0.0172% 0.1786% 0.0224% 0.0028% 0.1220% 0.0372% 0.1759% 0.0518% 0.0072% 0.1203% 0.0271% 0.1130% VI-3 0.0004% 0.0111% 0.0666% 0.0855% 0.0231% 0.0931% 0.0541% 0.0227% 0.0100% 0.0008% 0.0277% 0.7829% VI-4 0.0767% 0.0007% 0.0263% 0.1893% 0.1921% 0.0501% 0.0015% 0.0285% 0.1668% 0.0032% 0.0385% 0.0024% VII-1 0.0139% 0.0370% 0.6387% 0.0042% 0.4221% 0.2351% 0.4291% 0.3066% 0.2068% 0.0965% 0.1648% 0.0024% VII-2 0.0972% 0.0080% 0.0638% 0.0030% 0.0254% 0.0057% 0.0250% 0.0051% 0.0711% 0.0007% 0.1508% 0.0097% VII-3 0.0979% 0.0007% 0.0030% 0.0881% 0.1594% 0.1507% 0.0529% 0.0210% 0.0224% 0.3724% 0.1385% 0.0101% VII-4 0.0074% 0.0160% 0.0195% 0.0990% 0.0373% 0.0542% 0.0011% 0.0862% 0.7156% 0.0032% 0.2169% 0.4285% VIII-1 0.1674% 0.0216% 0.4207% 0.0033% 0.0402% 0.0374% 1.6664% 0.2107% 0.1614% 0.0149% 0.1404% 0.0024% VIII-2 0.0608% 0.9236% 1.5722% 0.3053% 0.8380% 0.2220% 1.5677% 0.4184% 0.8057% 0.4501% 0.6193% 1.1976% VIII-3 0.5511% 0.0253% 0.0263% 0.2899% 0.0525% 0.0027% 0.5324% 0.0051% 0.0279% 0.4155% 0.0084% 0.2834% VIII-4 0.0871% 0.0041% 0.0700% 0.0348% 0.0324% 0.0027% 0.0703% 0.0902% 0.0525% 0.4683% 0.1368% 0.0410% IX-1 0.1012% 0.0412% 1.3323% 0.0015% 0.0097% 0.0053% 0.0081% 0.0582% 0.0014% 0.4308% 0.0024% 0.1649% IX-2 0.0417% 0.0269% 0.0000% 0.0084% 0.0985% 0.0380% 0.0228% 0.0064% 0.0753% 0.0032% 0.0005% 0.0024% IX-3 0.0421% 0.0122% 0.0215% 0.0934% 0.3136% 0.3531% 0.0009% 0.2694% 0.3686% 0.4877% 0.5431% 0.0723% IX-4 1.0661% 0.2153% 2.5170% 1.5725% 1.3134% 0.2479% 2.6404% 1.7459% 5.3212% 0.1238% 2.4371% 0.8744% X-1 0.0177% 0.8502% 0.1786% 0.3229% 0.3956% 0.0027% 0.2315% 0.0115% 0.3348% 0.0690% 1.3437% 0.4607% X-2 0.0026% 0.7860% 0.0332% 0.0399% 0.0058% 0.0141% 0.4288% 0.0368% 0.0437% 0.2431% 0.0710% 0.0598% X-3 0.0453% 1.4799% 3.0677% 1.4353% 0.4071% 0.5675% 1.5115% 1.4659% 6.9860% 4.6199% 1.3088% 0.1876% X-4 0.0809% 0.0402% 0.0250% 0.1326% 0.0000% 0.1315% 0.0544% 0.0892% 0.0523% 0.1077% 0.0295% 0.0187% X-5 0.3495% 1.0885% 0.9062% 0.4960% 0.0413% 0.0418% 0.1259% 0.1551% 0.0098% 0.0032% 0.9258% 0.0024% XI-1 0.0009% 0.0367% 0.0327% 0.3493% 0.0931% 0.0027% 0.0235% 0.0000% 0.0102% 0.0000% 0.0258% 0.0196% XI-2 0.0243% 0.1227% 0.0030% 0.0000% 0.0604% 0.0679% 0.0085% 0.0496% 0.0118% 0.0380% 0.0137% 0.0207% XI-3 0.1574% 0.1669% 0.3553% 0.0526% 0.2377% 0.4331% 0.5208% 0.5101% 0.2718% 0.3160% 0.7229% 0.0218%

60 WAKTU EMAS AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI BNBR XI-4 0.0422% 0.4765% 0.0230% 0.0000% 0.0171% 0.0961% 0.0009% 0.0066% 0.4938% 0.0267% 0.0299% 0.0024% XII-1 0.0722% 0.6454% 0.1009% 0.0613% 0.0456% 0.2960% 0.3344% 0.0000% 0.0139% 0.0126% 0.0426% 0.0024% XII-2 0.0533% 0.1279% 0.0112% 0.0000% 0.0924% 0.0027% 0.0009% 0.0051% 0.0146% 0.0032% 0.0095% 0.2012% XII-3 0.5060% 0.3088% 0.4353% 0.0559% 0.0572% 0.0027% 0.0247% 0.0051% 0.0152% 0.1181% 0.0028% 0.0207% XII-4 0.0008% 0.0959% 0.0485% 0.0161% 0.0171% 0.0001% 0.0098% 0.0061% 0.0158% 0.0039% 0.0160% 0.0218% 7.4614% 12.0845% 14.9406% 8.0396% 8.9016% 7.1126% 14.3862% 12.1007% 23.2794% 11.4387% 13.9836% 11.9298% TOTAL 3.825% 4.868% 5.413% 3.970% 4.178% 3.734% 5.311% 4.871% 6.756% 4.736% 5.236% 4.836% STDEV 3.86% 4.92% 5.47% 4.01% 4.22% 3.77% 5.36% 4.92% 6.82% 4.78% 5.29% 4.88%

61 WAKTU BUMI DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT ITMG JSMR I-1 0.0473% 1.1843% 0.0084% 0.0707% 0.5875% 0.1977% 0.1285% 0.9312% 0.0440% 0.3322% 0.0084% 0.1630% I-2 0.0880% 0.0305% 0.0087% 0.0115% 0.2470% 0.1482% 0.0730% 0.1822% 0.0007% 0.3220% 0.3408% 0.2358% I-3 0.0444% 0.1945% 0.4567% 0.1219% 0.0359% 0.0551% 0.0912% 0.0267% 0.3102% 0.0074% 0.0002% 0.0026% I-4 0.2504% 1.3378% 0.4364% 1.0328% 0.5430% 0.0070% 0.6071% 0.8053% 1.3944% 0.0425% 0.9596% 0.3377% I-5 0.3793% 0.0097% 0.0361% 0.0835% 0.0375% 0.0551% 0.1833% 0.3152% 0.1781% 0.1664% 0.0017% 0.0846% II-1 0.0526% 0.7325% 0.0381% 0.1482% 0.0483% 0.1960% 0.0210% 0.0861% 0.1923% 0.1604% 0.0089% 0.0128% II-2 0.0901% 0.0077% 0.0020% 0.0410% 0.5060% 0.0513% 0.0752% 0.2896% 0.0164% 0.0001% 0.3438% 0.0450% II-3 0.1717% 0.3038% 0.4406% 0.0329% 0.0627% 0.0158% 0.0087% 0.0415% 0.5889% 0.0001% 0.1875% 0.0380% II-4 0.0986% 0.0369% 0.3051% 0.0002% 0.0008% 0.0775% 0.0391% 0.0221% 0.7892% 0.0076% 0.0565% 0.0445% III-1 0.1542% 0.0829% 0.0114% 0.0291% 0.0071% 0.0752% 0.0882% 0.2657% 0.0835% 0.0433% 0.0500% 0.3595% III-2 0.0178% 0.0022% 0.0616% 0.9484% 0.7814% 0.5762% 0.0994% 0.0753% 0.0001% 0.0078% 0.0343% 0.0026% III-3 0.0880% 0.0022% 0.0997% 0.0031% 0.1840% 0.0011% 0.0200% 0.3393% 0.0876% 0.0346% 1.7451% 0.0783% III-4 0.0171% 0.2463% 0.0015% 0.0028% 0.0125% 0.0844% 0.2464% 0.5682% 0.6522% 0.0001% 0.0010% 0.0337% IV-1 0.3676% 0.0497% 0.0323% 0.0025% 0.1067% 0.0324% 0.3234% 0.0619% 0.4616% 0.4458% 0.0027% 0.2338% IV-2 0.0305% 0.3214% 0.0316% 0.0009% 0.0057% 0.0805% 0.0389% 0.2379% 0.1979% 0.1410% 0.1026% 0.1161% IV-3 0.1896% 0.6353% 0.0117% 0.0681% 0.0728% 0.0005% 0.0002% 0.0619% 0.3591% 0.0068% 0.0319% 0.0157% IV-4 0.0005% 0.0846% 0.0011% 0.8252% 0.0096% 0.0524% 0.2056% 0.0025% 0.1979% 0.0001% 0.0460% 0.0305% V-1 0.1220% 0.0035% 0.1549% 1.0559% 0.0791% 0.0513% 0.0106% 0.1327% 0.2823% 0.0001% 0.0284% 0.1190% V-2 0.2358% 0.1621% 0.0587% 0.0218% 0.0056% 0.1061% 0.0658% 0.0881% 0.0011% 0.0067% 0.0505% 0.1075% V-3 0.0248% 0.2126% 2.3423% 6.8944% 0.3587% 0.0055% 0.0358% 0.0127% 0.0536% 0.1461% 0.1074% 0.0026% V-4 0.0083% 0.0665% 0.0087% 0.5496% 0.0249% 0.0318% 0.0002% 0.0028% 0.0460% 0.0071% 0.0865% 0.0005% V-5 0.0272% 0.0751% 0.1428% 0.0254% 0.0018% 0.0055% 0.0370% 0.2883% 0.0322% 0.0115% 0.0550% 0.0026% VI-1 0.0288% 0.0941% 0.0008% 0.7878% 0.0006% 0.0174% 0.0110% 0.0557% 0.0198% 0.0001% 0.0248% 0.0383%

62 WAKTU BUMI DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT ITMG JSMR VI-2 0.0764% 0.9150% 0.1586% 0.3403% 0.0082% 0.0583% 0.2233% 0.0619% 0.1872% 0.0117% 0.0019% 0.0737% VI-3 0.9577% 0.2751% 0.5481% 0.1276% 0.1181% 0.0079% 0.0318% 0.3304% 0.0470% 0.0073% 0.1203% 0.1057% VI-4 0.0026% 0.2915% 0.2056% 0.1645% 0.2483% 0.0004% 0.2096% 0.0323% 0.0208% 0.0417% 0.0174% 0.0089% VII-1 0.0010% 0.1089% 0.0102% 0.0115% 0.2892% 0.0169% 0.6351% 0.0978% 0.0749% 0.0001% 0.0172% 0.3505% VII-2 0.0010% 0.5003% 0.0276% 0.1233% 0.0034% 0.0013% 0.1205% 0.0221% 0.0667% 0.0001% 0.1741% 0.0003% VII-3 0.0011% 0.4555% 0.0104% 0.0115% 0.0200% 0.0223% 0.0599% 0.0021% 0.0862% 0.1446% 0.0364% 0.1008% VII-4 0.2218% 0.0185% 1.5627% 1.9399% 0.2595% 0.0016% 0.0049% 0.2685% 0.0000% 0.4205% 0.3204% 0.3199% VIII-1 0.0009% 0.1255% 0.0755% 1.4332% 0.3213% 0.0017% 0.4262% 0.0216% 0.2960% 0.0357% 0.0294% 0.0429% VIII-2 0.7115% 2.2910% 1.8986% 5.8317% 0.0824% 1.6148% 0.1065% 1.4899% 1.6378% 0.0061% 1.9698% 0.3069% VIII-3 0.1565% 0.5673% 0.0948% 0.4132% 0.6071% 0.1698% 0.2209% 0.0127% 0.6132% 0.0363% 0.1496% 0.1201% VIII-4 0.0208% 0.0636% 0.1873% 1.3852% 0.1929% 0.0350% 0.3959% 0.2527% 0.0001% 0.0001% 0.1620% 0.0059% IX-1 0.3568% 0.0088% 0.0108% 0.0115% 0.2779% 0.0001% 0.0225% 0.7232% 0.2330% 0.1410% 0.0059% 0.0403% IX-2 0.5533% 0.0185% 0.0110% 0.0254% 0.1604% 0.1698% 0.4343% 0.0013% 0.1213% 0.3071% 0.1259% 0.0052% IX-3 0.0017% 0.1120% 0.2108% 0.7059% 0.4669% 0.0638% 0.0742% 0.6567% 0.4344% 0.0363% 0.0004% 0.1252% IX-4 3.3065% 2.1581% 1.0064% 3.0472% 1.4382% 2.3943% 3.5053% 3.6909% 1.4403% 0.0062% 0.6443% 1.1043% X-1 1.4728% 0.0250% 1.0827% 2.1274% 0.0830% 0.2403% 0.6422% 0.3994% 0.8874% 1.0058% 0.1325% 0.7258% X-2 0.0435% 0.5979% 0.1841% 0.1761% 0.3149% 0.0055% 0.0131% 0.6438% 0.3332% 0.2133% 0.1357% 0.2467% X-3 3.8726% 0.9394% 3.5289% 12.9779% 0.0617% 1.0291% 2.1264% 1.9686% 2.7140% 0.2110% 1.6177% 0.0466% X-4 0.0278% 0.0185% 0.0450% 0.0115% 0.2276% 0.0531% 0.0105% 0.0299% 0.0510% 0.0038% 0.0385% 0.0207% X-5 0.8830% 0.0185% 0.0139% 0.0048% 0.4905% 2.3587% 0.2119% 2.8270% 0.9894% 0.2925% 1.0856% 0.0318% XI-1 0.1277% 0.1061% 0.1465% 0.9492% 0.0040% 0.1564% 0.1503% 1.3420% 0.1569% 0.0319% 0.0782% 0.0061% XI-2 0.0031% 0.0185% 0.0146% 0.0019% 0.0002% 0.0772% 0.2032% 0.2207% 0.0796% 0.0854% 0.0674% 0.0026% XI-3 0.3533% 0.0883% 0.2337% 0.0289% 0.0313% 0.0474% 0.1363% 0.3708% 0.0007% 0.0765% 0.1475% 0.0318%

63 WAKTU BUMI DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT ITMG JSMR XI-4 0.2745% 0.0868% 0.0571% 0.3764% 0.0108% 0.4591% 0.0044% 0.4423% 0.1035% 0.0854% 0.6799% 0.0597% XII-1 0.0868% 0.0853% 0.0162% 0.0086% 0.5443% 0.1596% 0.0629% 0.9141% 0.0448% 0.7284% 0.1222% 0.0136% XII-2 0.2777% 0.8192% 0.0595% 0.0006% 0.3893% 0.0000% 0.0137% 0.0120% 0.0114% 0.3986% 0.0724% 1.1556% XII-3 0.0773% 0.0857% 2.7321% 0.0228% 0.0571% 0.0591% 0.2329% 0.1168% 0.6261% 0.0313% 0.2104% 0.0526% XII-4 0.2548% 0.0185% 0.0011% 0.8084% 0.0208% 0.0055% 0.0986% 0.3468% 0.0764% 0.0839% 0.1442% 0.0026% 16.6594% 16.6933% 18.8249% 45.8240% 10.4485% 11.1332% 12.7872% 22.1911% 17.3222% 6.3327% 12.5806% 7.2113% TOTAL 5.715% 5.721% 6.075% 9.479% 4.526% 4.672% 5.007% 6.596% 5.828% 3.524% 4.967% 3.760% STDEV 5.77% 5.78% 6.14% 9.57% 4.57% 4.72% 5.06% 6.66% 5.89% 3.56% 5.02% 3.80%

64 WAKTU KLBF LPKR LSIP MEDC PGAS PTBA SMCB SMGR TINS TLKM UNSP UNTR UNVR I-1 0.2025% 0.1990% 0.6273% 0.6956% 0.3218% 0.7215% 0.0000% 0.1526% 0.0696% 0.0195% 0.1849% 0.1474% 0.1332% I-2 0.3997% 0.0173% 0.6674% 0.0688% 0.1286% 0.0017% 0.0128% 0.1636% 0.0361% 0.8546% 0.0012% 0.0252% 0.2202% I-3 0.1844% 1.3802% 0.2127% 0.0141% 0.0006% 0.0703% 0.4574% 0.0965% 0.0110% 0.1822% 0.1186% 0.9049% 0.0210% I-4 0.6123% 0.4504% 0.7922% 0.6703% 0.1900% 0.9652% 0.3095% 2.0248% 0.2359% 0.0002% 0.2411% 0.6711% 1.4260% I-5 0.1835% 0.0256% 0.0000% 0.7770% 0.0484% 0.2498% 0.0408% 0.0548% 1.6393% 0.0212% 0.1454% 0.4002% 0.0935% II-1 0.0218% 0.0353% 0.1932% 0.3374% 0.1587% 0.0506% 0.0409% 0.7626% 0.1914% 0.0437% 0.0325% 0.2496% 0.2147% II-2 0.0389% 0.5143% 0.7232% 0.1131% 0.9205% 0.1370% 0.1291% 0.0003% 0.0699% 0.0592% 0.2874% 0.0256% 0.3149% II-3 0.0218% 1.2470% 0.0332% 0.0123% 0.0012% 0.0102% 0.0689% 0.1406% 0.0288% 0.0340% 0.1145% 0.0369% 0.2492% II-4 0.0125% 1.0657% 0.0530% 0.7780% 0.3022% 0.0408% 0.2172% 0.1072% 0.1311% 0.0217% 0.1085% 0.0026% 0.0327% III-1 0.0007% 0.1310% 0.6577% 0.0913% 0.0107% 0.0000% 0.1038% 0.0968% 0.0065% 0.1012% 0.0317% 0.0439% 0.2113% III-2 0.4402% 0.1213% 0.1060% 0.0146% 0.0989% 0.0623% 0.0253% 0.0017% 0.1464% 0.0002% 0.0111% 0.0803% 0.0020% III-3 0.1844% 0.1342% 0.0000% 0.0505% 0.0012% 0.0006% 0.0031% 0.1931% 0.0003% 0.5481% 0.0317% 0.2152% 0.5766% III-4 0.2285% 0.1213% 0.0117% 0.0897% 0.1405% 0.1012% 0.6835% 0.5292% 0.2233% 0.2826% 0.0012% 0.0488% 0.0321% IV-1 1.1964% 1.0759% 0.1067% 0.0192% 0.0887% 0.2502% 0.0306% 0.5292% 0.2095% 0.0869% 0.0310% 0.2233% 0.1071% IV-2 0.3018% 0.8779% 0.0000% 0.0012% 0.0848% 0.0423% 0.0896% 0.0207% 0.1247% 0.1583% 0.0588% 0.0621% 0.0734% IV-3 0.0007% 0.0168% 0.0440% 0.0200% 0.0094% 0.0083% 0.3692% 0.0386% 0.0662% 0.1950% 0.1031% 0.0000% 0.0314% IV-4 0.1342% 0.9695% 0.0102% 0.0031% 0.0457% 0.0172% 0.0127% 0.0001% 0.0000% 0.3963% 0.0303% 0.1590% 0.0655% V-1 0.0020% 0.0131% 0.0100% 0.0031% 0.0838% 0.0130% 0.0000% 0.0213% 0.0282% 0.0026% 0.5188% 0.0002% 0.0121% V-2 0.1987% 0.0002% 0.0110% 0.0012% 0.2826% 0.0709% 0.0000% 0.0399% 0.1948% 0.0609% 0.0851% 0.0861% 0.0750% V-3 0.0007% 0.4309% 0.0112% 0.0218% 0.1440% 0.0524% 0.2086% 0.0221% 0.0106% 0.0214% 2.3572% 0.6737% 0.0125% V-4 0.0022% 0.9493% 0.0115% 0.0012% 0.0450% 0.0088% 0.0557% 0.1526% 0.0065% 0.0002% 0.3350% 0.0003% 0.0001% V-5 0.0007% 0.0827% 0.0431% 0.1131% 0.0829% 0.1117% 0.0531% 0.0001% 0.0400% 0.0209% 0.4711% 0.0165% 0.0001% VI-1 0.0007% 0.0264% 0.0000% 0.0012% 0.0093% 0.0260% 0.0507% 0.0210% 0.0002% 0.0027% 0.0012% 0.0108% 0.0062% VI-2 0.2125% 0.2145% 0.1725% 0.1996% 0.0740% 0.0138% 0.4473% 0.2101% 0.0130% 0.0617% 0.0214% 0.0332% 0.0212%

65 WAKTU KLBF LPKR LSIP MEDC PGAS PTBA SMCB SMGR TINS TLKM UNSP UNTR UNVR VI-3 0.0316% 0.0295% 0.0122% 0.2219% 0.0260% 0.0000% 0.5071% 0.1545% 0.1720% 0.6278% 0.5386% 0.0373% 0.0001% VI-4 0.4437% 0.0912% 0.0125% 0.0012% 0.0012% 0.0207% 0.1125% 0.0088% 0.1543% 0.2746% 0.0238% 0.0210% 0.0507% VII-1 0.0021% 0.0002% 0.1906% 0.0197% 0.0494% 0.1520% 0.1174% 0.1055% 0.0329% 0.0231% 0.0012% 0.2339% 0.0439% VII-2 0.1095% 0.0002% 0.0456% 0.1498% 0.0740% 0.0201% 0.1125% 0.0085% 0.4629% 0.0370% 0.0400% 0.0652% 0.0005% VII-3 0.0912% 0.0192% 0.0000% 0.0058% 0.0260% 0.0775% 0.0538% 0.0122% 0.0117% 0.0002% 0.0073% 0.0608% 0.0061% VII-4 0.0282% 1.8178% 0.0109% 0.4909% 0.0012% 0.0282% 0.0133% 0.0201% 0.0433% 0.1316% 0.4161% 0.1119% 0.0061% VIII-1 0.0139% 0.1479% 0.0107% 0.2031% 0.0012% 0.0202% 0.0551% 0.3568% 0.0469% 0.0002% 0.0226% 0.4015% 0.2085% VIII-2 1.0385% 0.2790% 0.5473% 0.5868% 5.7734% 0.8292% 0.8225% 0.3969% 2.7368% 0.0220% 2.4199% 1.6656% 0.0213% VIII-3 0.7055% 0.4360% 0.6280% 1.5120% 1.4202% 0.0332% 0.2200% 0.0052% 2.0689% 0.1026% 0.1942% 0.0324% 0.1089% VIII-4 0.0593% 0.6004% 0.1016% 0.3009% 0.0684% 0.0006% 0.1240% 0.0237% 0.3270% 0.0484% 0.0273% 0.0999% 0.0021% IX-1 0.2424% 0.0148% 0.4215% 0.1432% 0.9171% 0.0433% 0.0029% 0.0895% 0.2975% 0.0030% 0.0489% 0.0001% 0.0180% IX-2 0.0093% 0.0002% 0.5145% 0.4613% 0.1513% 0.0103% 0.1718% 0.0093% 0.0201% 0.0813% 0.0093% 0.1884% 0.0488% IX-3 0.0020% 0.3091% 0.1106% 0.0182% 0.3419% 0.6345% 0.0027% 0.1836% 0.0679% 0.1012% 0.0535% 0.4529% 2.8455% IX-4 3.1925% 0.5324% 1.5135% 1.1364% 1.2042% 1.3857% 1.4597% 0.7163% 1.4732% 0.0154% 2.5873% 1.9154% 1.0534% X-1 0.6864% 0.0192% 0.1294% 0.4098% 1.2068% 0.4770% 0.0829% 0.0434% 0.3230% 0.1298% 0.8993% 0.3225% 0.3601% X-2 0.2756% 0.5975% 0.5670% 0.0012% 0.0248% 2.3215% 0.0000% 0.1661% 0.2477% 0.0652% 0.1078% 0.1280% 0.1670% X-3 0.0151% 0.4100% 1.1623% 2.1898% 0.5198% 5.5127% 1.9870% 1.8243% 2.2243% 0.0156% 3.0048% 1.4029% 0.0020% X-4 0.0007% 0.0286% 0.0000% 0.8342% 0.5908% 0.0217% 0.1317% 0.0234% 0.0180% 0.0857% 0.5947% 0.0008% 0.0206% X-5 0.1166% 0.0198% 0.7237% 0.2491% 0.1418% 0.9105% 0.1812% 0.3999% 0.8267% 0.0222% 0.5433% 0.7743% 0.1251% XI-1 0.0282% 0.1044% 0.0518% 0.3476% 0.0012% 0.2317% 0.0029% 0.0636% 0.0841% 0.0217% 0.3849% 0.0612% 0.0068% XI-2 0.0684% 0.0205% 0.0515% 0.1224% 0.1334% 0.0006% 0.0246% 0.0017% 0.0156% 0.0345% 0.0444% 0.0127% 0.0126% XI-3 0.2659% 0.0002% 0.1993% 0.2268% 0.0421% 0.0135% 0.0448% 0.1327% 0.1964% 0.0065% 0.0188% 0.0050% 0.0002% XI-4 0.0099% 0.0295% 0.0109% 0.0200% 0.1407% 0.1617% 0.0467% 0.0095% 0.0939% 0.0355% 0.0996% 0.2748% 0.9476%

66 WAKTU KLBF LPKR LSIP MEDC PGAS PTBA SMCB SMGR TINS TLKM UNSP UNTR UNVR XII-1 0.3208% 0.0205% 0.0120% 0.2112% 1.1243% 0.2200% 0.2963% 0.2672% 0.0012% 0.0225% 0.0471% 0.3071% 0.0582% XII-2 0.1413% 0.0002% 0.0000% 0.0046% 0.0391% 0.0677% 1.2945% 0.0041% 0.0065% 0.0360% 0.0205% 0.0511% 0.0160% XII-3 0.0999% 0.0295% 0.7451% 0.0188% 0.0012% 0.0441% 0.0531% 1.2323% 0.0013% 0.0156% 0.1592% 0.0083% 0.0020% XII-4 0.0023% 0.0912% 0.4941% 0.0012% 0.0744% 0.1469% 0.0526% 0.0098% 0.0092% 0.0069% 0.0444% 0.0118% 0.3282% 12.5828% 15.7490% 12.7645% 13.9848% 17.3697% 16.4109% 11.3835% 11.6486% 15.4467% 5.1409% 17.6819% 12.7640% 10.3925% TOTAL 4.967% 5.557% 5.003% 5.237% 5.836% 5.673% 4.724% 4.779% 5.503% 3.175% 5.888% 5.003% 4.514% STDEV 5.02% 5.61% 5.05% 5.29% 5.89% 5.73% 4.77% 4.83% 5.56% 3.21% 5.95% 5.05% 4.56%

67 LAMPIRAN 5 Kovarian Emas dan Saham dalam LQ-45 Periode Januari-Desember 2011 AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI BNBR BUMI EMAS 0.0006288 0.0005849 0.0006033 0.0005137 0.0004022 0.0008525 0.0008098 0.0008735 0.0004447 0.0006524 0.0002221 0.0004219 COVAR 0.0006288 0.0005849 0.0006033 0.0005137 0.0004022 0.0008525 0.0008098 0.0008735 0.0004447 0.0006524 0.0002221 0.0004219 DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT ITMG JSMR KLBF EMAS 0.0005782 0.0003652 0.0010472 0.0006328 0.0006864 0.0006796 0.0007528 0.0003143 0.0001529 0.0004639 0.0001959 0.0007763 COVAR 0.0005782 0.0003652 0.0010472 0.0006328 0.0006864 0.0006796 0.0007528 0.0003143 0.0001529 0.0004639 0.0001959 0.0007763 LPKR LSIP MEDC PGAS PTBA SMCB SMGR TINS TLKM UNSP UNTR UNVR EMAS 0.0004653 0.0007428 0.0007172 0.0003454 0.0004781 0.0004347 0.0002684 0.0007970-0.0000282 0.0007272 0.0005584-0.0000502 COVAR 0.0004653 0.0007428 0.0007172 0.0003454 0.0004781 0.0004347 0.0002684 0.0007970-0.0000282 0.0007272 0.0005584-0.0000502

68 LAMPIRAN 6 Korelasi Emas dan Saham dalam LQ-45 Periode Januari-Desember 2011 AALI ADRO ANTM ASII BBCA BBNI BBRI BBTN BDMN BMRI BNBR BUMI EMAS 0.331075 0.277002 0.389473 0.315159 0.27602 0.411392 0.426107 0.331385 0.240673 0.319328 0.117728 0.189194 COVAR 0.337696 0.282542 0.397262 0.321462 0.28154 0.41962 0.43463 0.338013 0.245487 0.325714 0.120083 0.192978 DOID ELTY ENRG GGRM INCO INDF INDY INTP ISAT ITMG JSMR KLBF EMAS 0.259032 0.154068 0.28316 0.358319 0.37657 0.347854 0.292524 0.138223 0.111245 0.239388 0.133547 0.400599 COVAR 0.264213 0.15715 0.288823 0.365485 0.384102 0.354811 0.298375 0.140987 0.11347 0.244176 0.136217 0.408611 LPKR LSIP MEDC PGAS PTBA SMCB SMGR TINS TLKM UNSP UNTR UNVR EMAS 0.214626 0.38057 0.351064 0.151718 0.21604 0.235822 0.143939 0.37119-0.0228 0.316551 0.286116-0.02853 COVAR 0.218918 0.388181 0.358085 0.154752 0.220361 0.240539 0.146818 0.378614-0.02325 0.322882 0.291839-0.0291

69 LAMPIRAN 7 Risk dan Return IHSG serta SBI Periode Januari Desember 2011 Harga IHSG Date Open 12/27/2010 3612 1/3/2011 3704.44 1/10/2011 3631.27 1/17/2011 3568.77 1/24/2011 3380.5 1/31/2011 3487.14 2/7/2011 3497.11 2/14/2011 3392.6 2/21/2011 3500.95 2/28/2011 3443.62 3/7/2011 3541.96 3/14/2011 3542.14 3/21/2011 3493.14 3/28/2011 3602.82 4/4/2011 3707.39 4/11/2011 3740.87 4/18/2011 3730.03 4/25/2011 3801.36 Return IHSG Date IHSG 1/3/2011 2.56% 1/10/2011-1.98% 1/17/2011-1.72% 1/24/2011-5.28% 1/31/2011 3.15% 2/7/2011 0.29% 2/14/2011-2.99% 2/21/2011 3.19% 2/28/2011-1.64% 3/7/2011 2.86% 3/14/2011 0.01% 3/21/2011-1.38% 3/28/2011 3.14% 4/4/2011 2.90% 4/11/2011 0.90% 4/18/2011-0.29% 4/25/2011 1.91% 5/2/2011 0.49% Date Open 5/2/2011 3819.8 5/9/2011 3798.74 5/16/2011 3831.93 5/23/2011 3872.21 5/30/2011 3831.43 6/6/2011 3843.74 6/13/2011 3787.37 6/20/2011 3722.58 6/27/2011 3848.37 7/4/2011 3927.19 7/11/2011 4002.76 7/18/2011 4024.13 7/25/2011 4104.46 8/1/2011 4131.73 8/8/2011 3920.82 8/15/2011 3890.8 8/22/2011 3843.68 9/5/2011 3842.65 Date IHSG 5/9/2011-0.55% 5/16/2011 0.87% 5/23/2011 1.05% 5/30/2011-1.05% 6/6/2011 0.32% 6/13/2011-1.47% 6/20/2011-1.71% 6/27/2011 3.38% 7/4/2011 2.05% 7/11/2011 1.92% 7/18/2011 0.53% 7/25/2011 2.00% 8/1/2011 0.66% 8/8/2011-5.10% 8/15/2011-0.77% 8/22/2011-1.21% 9/5/2011-0.03% 9/12/2011 4.02% Date Open 9/12/2011 3997.22 9/19/2011 3834.08 9/26/2011 3425.6 10/3/2011 3548.12 10/10/2011 3424.57 10/17/2011 3665.32 10/24/2011 3621.12 10/31/2011 3830.88 11/7/2011 3783.08 11/14/2011 3779.34 11/21/2011 3754.23 11/28/2011 3637.92 12/5/2011 3780.56 12/12/2011 3761.08 12/19/2011 3768.26 12/27/2011 3796.97 Date IHSG 9/19/2011-4.08% 9/26/2011-10.65% 10/3/2011 3.58% 10/10/2011-3.48% 10/17/2011 7.03% 10/24/2011-1.21% 10/31/2011 5.79% 11/7/2011-1.25% 11/14/2011-0.10% 11/21/2011-0.66% 11/28/2011-3.10% 12/5/2011 3.92% 12/12/2011-0.52% 12/19/2011 0.19% 12/27/2011 0.76% 0.14% E 0.00143 Risiko IHSG = 0,02988 SBI, selama tahun 2012 memiliki bunga rata-rata sebesar 6,96%. Itu berarti jika dibagi return tiap minggunya adalah sebesar 0,0014atau 0,14%.