Lampiran 1 Data closed saham DATE BUMI DOID PTBA PTRO MEDC TINS CTTH MITI IHSG

  Lampiran 1 Data closed saham DATE BUMI DOID PTBA PTRO MEDC TINS CTTH MITI

IHSG

  Jan 1, 2007 1,080.00 3,125.00 5,300.00 3,425.00 7,850.00 35.00 32.00 1,757.26 Feb 1,2007 1,210.00 440.00 3,300.00 5,350.00 3,650.00 9,600.00 38.00 50.00 1,740.97 Mar 1,2007 1,330.00 520.00 3,450.00 5,350.00 3,575.00 11,850. 40.00 76.00 1,830.92 Apr 1,2007 1,380.00 770.00 3,900.00 5,500.00 3,525.00 11,950.0 71.00 129.0 1,999.17 May1,2007 1,750.00 830.00 5,250.00 6,400.00 3,575.00 11,650.0 84.00 220.0 2,084.32 Jun 1, 2007 2,275.00 800.00 6,550.00 6,300.00 3,525.00 12,150.0 90.00 146.0 2,139.28 Jul 1, 2007 2,700.00 1,030.00 6,650.00 6,300.00 4,275.00 14,100.0 89.00 166.0 2,348.67 Aug1,2007 2,550.00 1,040.00 5,750.00 5,500.00 3,900.00 12,300.00 81.00 164.0 2,194.34

Sept3,2007 3,575.00 1,130.00 6,550.00 6,000.00 4,150.00 13,250.00 101.0 159.0 2,359.21

  

Oct 1,2007 4,800.00 1,100.00 9,050.00 6,400.00 4,675.00 19,500.00 102.0 120.0 2,643.49

Nov1,2007 5,650.00 1,240.00 12,100.0 6,100.00 5,400.00 25,000.00 91.00 107.0 2,688.33 Dec 3,2007 6,000.00 1,170.00 12,000.0 5,700.00 5,150.00 28,700.00 87.00 107.0 2,745.83 Jan 1, 2008 6,400.00 1,150.00 11,400.0 5,300.00 4,050.00 28,800.00 69.00 86.00 2,627.25 Feb 1,2008 7,700.00 1,100.00 11,450.0 5,300.00 4,125.00 32,550.00 73.00 103.0 2,721.94 Mar 3,2008 6,200.00 1,250.00 10,050.0 4,700.00 3,325.00 28,950.00 60.00 95.00 2,447.30 Apr 1,2008 6,650.00 730.00 10,600.0 4,900.00 3,925.00 32,150.00 55.00 80.00 2,304.52 May1,2008 8,050.00 820.00 14,600.0 6,300.00 5,050.00 33,950.00 71.00 89.00 2,444.35 Jun 2, 2008 8,200.00 830.00 16,400.0 6,300.00 4,725.00 37,450.00 64.00 113.0 2,349.10 Jul 1, 2008 6,750.00 780.00 13,650.0 6,100.00 4,600.00 31,950.00 56.00 101.0 2,304.51 Aug1,2008 5,500.00 760.00 14,500.0 5,700.00 4,900.00 2,575.00 55.00 93.00 2,165.94 Sept1,2008 3,200.00 660.00 9,350.00 5,400.00 3,625.00 1,660.00 50.00 67.00 1,832.51 Oct 6,2008 2,175.00 520.00 5,475.00 3,900.00 2,100.00 1,160.00 50.00 50.00 1,256.70 Nov6,2008 1,010.00 620.00 6,900.00 3,700.00 1,850.00 1,050.00 50.00 50.00 1,241.54 Dec 1,2008 910.00 510.00 6,900.00 3,600.00 1,870.00 1,080.00 50.00 50.00 1,355.41 Jan 1, 2009 510.00 510.00 7,400.00 4,000.00 1,700.00 1,090.00 50.00 50.00 1,332.67 Feb 2,2009 770.00 510.00 7,200.00 10,100.0 2,060.00 1,060.00 50.00 50.00 1,285.48 Mar 1,2009 820.00 520.00 6,750.00 10,350. 2,200.00 1,060.00 50.00 50.00 1,434.07 Apr 1,2009 1,480.00 540.00 9,500.00 9,750.00 2,625.00 1,420.00 50.00 53.00 1,722.77 May1,2009 1,960.00 500.00 11,250.0 9,900.00 3,300.00 1,970.00 52.00 61.00 1,916.83 Jun 1, 2009 1,860.00 960.00 11,600.0 9,900.00 3,050.00 2,025.00 62.00 69.00 2,026.78 Jul 1, 2009 2,800.00 1,270.00 13,600.0 10,200.0 3,325.00 2,100.00 69.00 69.00 2,323.24 Aug3,2009 2,900.00 1,980.00 13,000.0 10,100.0 2,925.00 2,075.00 66.00 59.00 2,341.54 Sept1,2009 3,225.00 1,880.00 14,100.0 8,500.00 2,900.00 2,150.00 64.00 62.00 2,467.59 Oct 1,2009 2,375.00 1,830.00 15,200.0 10,400.0 2,725.00 1,950.00 65.00 56.00 2,367.70 Nov1,2009 2,350.00 1,530.00 16,450.0 10,750.0 2,500.00 1,890.00 63.00 54.00 2,415.84

  Dec 1,2009 2,425.00 1,690.00 17,250.0 9,000.00 2,450.00 2,000.00 68.00 55.00 2,534.36 Jan 1, 2010 2,475.00 1,790.00 17,200.0 10,200.0 2,400.00 2,225.00 66.00 50.00 2,610.80 Feb 1,2010 2,250.00 1,570.00 15,600.0 8,400.00 2,475.00 2,150.00 69.00 50.00 2,549.03 Mar 1,2010 2,250.00 1,070.00 17,400.0 9,000.00 2,600.00 2,375.00 73.00 51.00 2,777.30 Apr 1,2010 2,375.00 1,050.00 18,600.0 9,000.00 2,950.00 2,700.00 80.00 57.00 2,971.25 May1,2010 2,025.00 800.00 17,450.0 9,000.00 2,850.00 2,225.00 67.00 51.00 2,796.96 Jun 1, 2010 1,880.00 990.00 17,250.0 11,000.0 2,950.00 2,150.00 69.00 59.00 2,913.68 Jul 1, 2010 1,720.00 1,000.00 16,700.0 13,600.0 3,000.00 2,475.00 73.00 60.00 3,069.28 Aug1,2010 1,660.00 800.00 17,500.0 20,000.0 3,075.00 2,375.00 71.00 54.00 3,081.88 Sept1,2010 2,125.00 1,030.00 19,450.0 27,600.0 3,325.00 3,150.00 75.00 57.00 3,501.30 Oct 1,2010 2,225.00 1,070.00 19,650.0 32,000.0 4,075.00 2,850.00 76.00 55.00 3,635.32 Nov1,2010 2,650.00 1,260.00

  18,700.0 3,350.00 2,625.00 74.00 55.00 3,531.21 Dec 1,2010 3,025.00 1,610.00 22,950.0 26,100.0 3,375.00 2,750.00 72.00 54.00 3,703.51 Jan 1, 2011 2,725.00 1,280.00 19,750.0 21,000.0 2,750.00 69.00 51.00 3,409.17 2,700.00 76.00 50.00 3,470.35 2011 3,350.00 1,120.00 21,000.0 27,000.0 2,875.00 2,775.00 74.00 51.00 3,678.67 3,425.00 1,300.00 22,300.0 36,000.0 2,750.00 2,875.00

  72.00 52.00 3,819.62 3,300.00 1,170.00 21,250.0 40,500.0 2,600.00 2,600.00 74.00 55.00 3,836.97 2,950.00 1,010.00 20,800.0 37,000.0 2,350.00 2,500.00 73.00 53.00 3,888.57 3,050.00 980.00 21,300.0 34,050.0 2,500.00 2,450.00 74.00 61.00 4,130.80 2,525.00 860.00 19,050.0 30,000.0 2,375.00 2,225.00 84.00 54.00 3,841.73 1,950.00 690.00 16,800.0 32,000. 2,150.00 1,770.00 80.00 50.00 3,549.03 2011 2,350.00 630.00 18,350.0 45,000.0 2,325.00 1,990.00 76.00 52.00 3,790.85 Nov1,2011 2,000.00 630.000 31,000.0 2,325.00 1,730.00 67.00 51.00 3,715.08 Dec 1,2011 2,175.00 660.00 34,000.0 2,475.00 1,660.00 69.00 52.00 3,821.99

Lampiran 2 Return saham emiten

  DATE RBUMI RDOID RPTBA RPTRO RMEC RTINS RCTH RMITI RIHSG Jan1,07 0.2 -1 -0.11347 -0.1239 -0.03521 0.774011 -0.0857 -0.0267291 Feb 1,2007 0.120370 -1 0.056 0.00943 0.065693 0.222929 0.0857 0.5625

  • 0.00927011
  • 0.020547 945 0.234375
  • 0.013986
  • 0.025104
  • 0.036144
  • 0.01562
  • 0.013986
  • 0.336363

  Mar 1, 2007

  • 0.0111
  • 0.055555 556
  • 0.135338
  • 0.12698
  • 0.087719
  • 0.127659
  • 0.0898
  • 0.012048
  • 0.06570952
  • 0.030487
  • 0.026548
  • 0.245283
  • 0.04687
  • 0.1078
  • 0.108333
  • 0.056451
  • 0.008264
  • 0.06557
  • 0.046296 296 0.148
  • 0.0439
  • 0.017094 017 -0.05
  • 0.07017
  • 0.213592
  • 0.2068
  • 0.196261
  • 0.04318548
  • 0.043478
  • 0.194805

  8

  024 0.471698

  5 0.155080

  0.337016 575

  0.127272 727

  0.177083 333

  3 Nov 1, 2007

  019 0.12049796

  0099

  113 0.0099

  6667 0.126506

  282

  389 0.06666

  673 0.381679

  343

  9 Oct 1,2007 0.342657

  805 0.07513420

  1358

  772 0.2469

  564 0.077235

  214 0.282051

  43137

  419 0.03604148

  321

  71014 0.197674

  333 0.0579

  519 0.130208

  965 0.018518

  261 0.004385

  5 Feb 1, 2008 0.203125

  682

  96552

  233 0.003484

  9091 0.064102

  5439

  667

  3 Jan 1, 2008 0.066666

  56044 0.02138874

  377

  463

  613

  0.061946 903

  5 Dec 3, 2007

  333 0.01696242

  462 0.139130

  435 0.09090

  0.697368 421

  603 0.1830

  0.014184 397

  0.16363 6364

  0.346153 846

  0.077922 078

  0.268115 942

  3 May 1, 2007

  0.09189369

  014 0.008438 819 0.775

  357 0.04259267

  0.02803 7383

  0.130434 783

  0.480769 231

  0.037593 985

  Apr 1, 2007

  0.0526 31579 0.52 0.0516666

  545

  182 0.045454

  5 0.181818

  98592 0.705426

  6 Jun 1, 2007 0.3

  0.099173

  11111 0.136986

  193

  8764

  574

  298

  4127

  346

  0.009708 738

  6 Aug 1, 2007

  301 0.09787872

  0.160493 827

  578 0.247619

  0.212765 957

  0.015267 176

  2 Jul 1, 2007 0.186813 187 0.2875

  636 0.02636831

  28571

  455 0.0714

  014 0.042918

  5

  048

  9 Sept3,2007 0.401960 0.086538

  • 0.122270
  • 0.11320
  • 0.193939
  • 0.110599
  • 0.1780
  • 0.077669
  • 0.10089862
  • 0.0833
  • 0.157894
  • 0.05834184
  • 0.064356
  • 0.0985
  • 0.03896741

  • 0.176829
  • 0.060240
  • 0.167682
  • 0.03174
  • 0.026455
  • 0.146862 483 -0.125
  • 0.106194
  • 0.01898173

  • 0.185185
  • 0.025641
  • 0.06557
  • 0.919405
  • 0.0178
  • 0.079207
  • 0.06012991
  • 0.418181
  • 0.131578
  • 0.355172
  • 0.05263
  • 0.260204
  • 0.355339
  • 0.0909
  • 0.279569
  • 0.15394239
  • 0.320312
  • 0.212121
  • 0.414438
  • 0.27777
  • 0.420689
  • 0.301204
  • 0.253731
  • 0.31421929
  • 0.535632
  • 0.05128
  • 0.119047
  • 0.094827
  • 0.01206334
  • 0.099009
  • 0.177419
  • 0.02702
  • 0.439560
  • 0.090909
  • 0.01677721
  • 0.027027 027 1.525
  • 0.027522
  • 0.03541011
  • 0.05797
  • 0.074074
  • 0.051020
  • 0.075757

  1111

  0.804878 049

  3 Apr 1, 2009

  165 0.11559106

  2475 0.067961

  0.019607 843 -0.0625 0.02475

  0.064935 065

  7 Mar 1, 2009

  936

  0.211764 706

  0.509803 922

  1 Feb 2, 2009

  259

  091 0.009259

  768 0.11111

  5 Nov 6, 2008

  0.038461 538

  9 Jan 1, 2009

  429 0.09171673

  811 0.028571

  7027 0.010810

  355

  901

  Dec 1, 2008

  586

  619

  2051

  973

  692 0.260273

  184 0.192307

  44 0.072463

  1014 0.193181

  0.407407 407

  576 0.027918

  0.035714 286

  6 Aug 3, 2009

  03226 0.14627142

  037 0.1129

  934 0.037037

  303 0.090163

  793 0.03030

  667 0.172413

  344 0.322916

  9 Jul 1, 2009 0.505376

  541 0.05736032

  07692 0.131147

  782 0.1923

  111

  818 0.339622

  0.92 0.031111

  408

  2 Jun 1, 2009

  396 0.11264417

  0.04 0.150943

  944

  857 0.387323

  4615 0.257142

  526 0.01538

  074 0.184210

  0.324324 324

  8 May 1, 2009

  0.06 0.20131513

  642

  343

  655

  819

  33333

  671

  122 0.123287

  54 0.012195

  0.018633

  0.2909 09091 0.1125 0.06067641 Jun 2, 2008

  0.055987 558

  0.286624 204

  0.28571 4286

  0.377358 491

  0.123287 671

  0.210526 316

  6 May 1, 2008

  737

  406

  7778

  128 0.110535

  3191 0.180451

  368 0.04255

  0.072580 645 -0.416 0.054726

  4 Apr 1, 2008

  903

  82192

  078

  394

  7547

  742

  636

  195 0.136363

  Mar 3, 2008

  436 0.103092

  784

  91549 0.269662

  921

  503

  212

  5

  9 Oct 6, 2008

  892

  09091

  806

  082

  1579

  414

  947

  818

  9 Sept 1, 2008

  57143

  921

  026

  5 Jul 1, 2008

  268

  964

  927

  6032

  69

  321

  8 Aug 1, 2008

  185

  026 0.062271

  062

  377 0.065217

  391

  0.559055 118

  • 0.044117
  • 0.00980
  • 0.120300
  • 0.011904
  • 0.0434
  • 0.144927 0.00787693
  • 0.050505

  • 0.15841
  • 0.008547
  • 0.0303
  • 0.263565
  • 0.026595
  • 0.060344
  • 0.093023
  • 0.096774
  • 0.04048079
  • 0.010526
  • 0.163934
  • 0.082568
  • 0.030769
  • 0.0307
  • 0.035714
  • 0.16279 0698 -0.02

  • 0.002898
  • 0.020408 163 0.1125
  • 0.0294
  • 0.090909

  • 0.090909
  • 0.122905
  • 0.093023
  • 0.17647 0588 0.03125
  • 0.033707
  • 0.02365941
  • 0.318471
  • 0.018691
  • 0.147368
  • 0.238095
  • 0.061827
  • 0.033898
  • 0.175925
  • 0.105263
  • 0.05865881
  • 0.1625
  • 0.071604 938 0.2375
  • 0.011461
  • 0.033707
  • 0.085106
  • 0.031884
  • 0.034883 721 -0.2
  • 0.040404
  • 0.0273 9726 -0.1
  • 0.095238
  • 0.035087
  • 0.048346
  • 0.15156
  • 0.177914
  • 0.078947
  • 0.0263
  • 0.02863846
  • 0.03867
  • 0.0270
  • 0.018181

  383 0.010101

  7 Sept 1, 2010

  0.00410519

  04

  0.47058 8235 0.025

  0.047904 192

  6 Aug 1, 2010

  153 0.05340325

  71014 0.016949

  791 0.0579

  153 0.151162

  3636 0.016949

  058 0.23636

  01

  2 Jul 1, 2010

  571

  745 0.04173102

  50746 0.156862

  865 0.0298

  719

  2222 0.035087

  318 0.22222

  4 Jun 1, 2010

  158

  926

  305

  957

  238

  421

  0.280120 482 0.2875 0.111428

  0.38 0.081300

  818 0.04879347

  0.177570 093

  27027

  048

  687 0.047619

  4033 0.007462

  0.227272 727

  0.277777 778

  0.141509 434

  9 Dec 1, 2010

  15789

  368

  11

  25

  056

  0.191011 236

  1 May 1, 2010

  1 Nov 1, 2010

  719 0.03827721

  33333

  095 0.0133

  91

  0.225563

  0.15942 029

  0.010282 776

  0.038834 951

  0.047058 824

  5 Oct 1, 2010

  556 0.13609225

  38028 0.055555

  789 0.0563

  813 0.326315

  90411 0.117647

  059 0.06983401

  9412

  286 0.02033196

  69231

  231

  807

  3846

  842 0.03365

  426 0.082236

  316

  3 Nov 1, 2009

  194

  25

  256 0.0156

  828

  184 0.22352

  105 0.0958

  745 0.078014

  891

  3 Oct 1, 2009

  458 0.05383209

  0303 0.050847

  578

  009 0.036144

  5842

  385

  051 0.084615

  966

  2009 0.112068

  647 3922 752 762 78261 536 Sept 1,

  8 Dec 1, 2009

  0.031914 894

  0.104575 163

  0.048632 219

  385 0.136842

  517 0.134615

  589 0.068965

  0.055555 556

  2 Apr 1, 2010

  0.02 0.08955171

  71014

  163 0.0579

  051 0.104651

  8571 0.050505

  615 0.07142

  338 0.115384

  5 Mar 1, 2010

  54545

  865 0.0454

  256

  028

  091

  1 Feb 1, 2010

  091 0.03016146

  11765

  3333

  551 0.13333

  0.059171 598

  0.020618 557

  0.018518 519 0.04905954 Jan 1, 2010

  0.0793 65079

  0.058201 058

  3 Jan 1, 2011

  • 0.099173
  • 0.204968
  • 0.139433
  • 0.19540
  • 0.044444
  • 0.0416
  • 0.055555
  • 0.07947595
  • 0.093023

  • 0.018181
  • 0.019607
  • 0.034482
  • 0.017094
  • 0.0263
  • 0.043478
  • 0.0270

  • 0.036496 35 -0.1
  • 0.047085 202 0.125
  • 0.054545
  • 0.095652
  • 0.106060
  • 0.136752
  • 0.021176
  • 0.08641
  • 0.096153
  • 0.038461
  • 0.0135
  • 0.036363
  • 0.029702
  • 0.07972
  • 0.172131
  • 0.122448
  • 0.105633
  • 0.11894 2731 -0.05
  • 0.091836
  • 0.114754
  • 0.06997918
  • 0.227722
  • 0.197674
  • 0.118110
  • 0.094736
  • 0.204494
  • 0.0476
  • 0.074074
  • 0.07618963
  • 0.086956
  • 0.148936
  • 0.073569
  • 0.31111
  • 0.130653
  • 0.1184
  • 0.019230
  • 0.01998760
  • 0.040462

  19048

  382

  842

  6667

  236 0.06666

  419

  772

  1 Sept 1, 2011

  098

  35135

  735 0.1351

  803

  98

  148

  2 Aug 1, 2011

  0.06229282

  0.150943 396

  0.0136 9863

  973 0.063829 787 -0.02

  074

  3 Oct 3, 2011

  0.205128 205

  769

  843 0.02877730

  50746 0.019607

  428 0.0298

  129

  4194 0.064516

  529 0.09677

  048 0.008823

  2 Dec 1, 2011 0.0875 0.047619

  21053

  522 0.092261 905 0.40625

  266

  1111

  482

  17

  8 Nov 1, 2011

  0.04 0.06813692

  0.124293 785 -0.05

  0.081395 349

  462

  305

  97 0.024038

  0.116666 667

  7 Apr 1, 2011

  0.02 0.06002852

  15789

  778

  017 0.027777

  4286

  546 0.28571

  759 0.047381

  7 Mar 1, 2011

  06 0.160714

  843 0.01794571

  49275

  818 0.1014

  256

  873

  0.100917 431 -0.09375 0.015189

  7 Feb 1, 2011

  554 944 551 2299 444 66667 556

  0.022388

  286 0.061904

  1 Jul 1, 2011 0.033898

  7 Jun 1, 2011

  636 0.01344811

  13514

  538

  846

  9753

  471

  137

  606

  308 0.00454233

  762 0.33333

  77778 0.057692

  174 0.0277

  455

  8 May 1, 2011

  843 0.03831547

  27027 0.019607

  036

  261 0.036036

  3333

  8

  Lampiran 3 Variabel Makro ekonomi DATE INFLASI KURS JUB (M2)

VOLUME EKSPOR SBI

Jan 1, 2007 6.26% 9090 1367956.94 6,651,034

  9.00 Apr 1, 2007 6.29% 9083 1385714.84 8,029,015

  7.00 Jul 1, 2009 2.71% 9920 1960950.07 40,114,518

  9.25 Jan 1, 2009 9.17% 11355 1874145.25 11,307,163

  8.75 Feb 2, 2009 8.60% 11980 1900208.32 12,029,550

  8.25 Marc1,2009 7.92% 11575 1916752.36 8,905,918

  7.75 Apr 1, 2009 7.31% 10713 1912622.97 26,146,697

  7.50 May 1,2009 6.04% 10340 1927069.54 38,714,036

  7.25 Jun 1, 2009 3.65% 10225 1977532.44 26,332,127

  6.75 Aug 3, 2009 2.75% 10060 1995294.18 31,030,892

  9.50 Nov 6, 2008 11.68% 12151 1851023.41 11,270,135

  6.50 Sept 1, 2009 2.83% 9681 2018510.3 12,388,938

  6.50 Oct 1, 2009 2.57% 9545 2021517.32 22,556,890

  6.50 Nov 1, 2009 2.41% 9480 2062206.27 25,951,939

  6.50 Dec 1, 2009 2.78% 9400 2141383.7 10,949,776

  6.50

  9.25 Mar 1, 2007 6.52% 9118 1379237.22 9,011,961

  9.50 Dec 1, 2008 11.06% 10950 1895838.62 11,607,313

  9.25 Oct 6, 2008 11.77% 10995 1812490.13 6,089,029

  9.00 May 1,2007 6.01% 8828 1396067.41 6,481,872

  8.25 Dec 3, 2007 6.59% 9419 1649661.79 7,755,121

  8.75 Jun 1, 2007 5.77% 9054 1454577.15 11,233,164

  8.50 Jul 1, 2007 6.06% 9186 1474768.83 10,538,971

  8.25 Aug 1, 2007 6.51% 9410 1493049.73 9,844,778

  8.25 Sept 3, 2007 6.95% 9137 1516884.35 11,742,222

  8.25 Oct 1, 2007 6.88% 9103 1533845.67 14,380,847

  8.25 Nov 1, 2007 6.71% 9376 1559569.17 17,625,479

  8.00 Jan 1, 2008 7.36% 9291 1596564.53 10,808,266

  9.00 Sept 1, 2008 12.14% 9378 1778138.88 15,024,548

  8.00 Feb 1, 2008 7.40% 9051 1603750.38 10,351,758

  8.00 Mar 3, 2008 8.17% 9217 1594389.68 8,369,632

  8.00 Apr 1, 2008 8.96% 9234 1611690.58 21,504,854

  8.00 May 1,2008 10.38% 9318 1641732.98 8,591,866

  8.25 Jun 2, 2008 11.03% 9225 1703381.42 5,608,948

  8.50 Jul 1, 2008 11.90% 9118 1686050.3 8,646,350

  9.50 Feb 1, 2007 6.30% 9160 1369242.72 8,646,304

  8.75 Aug 1, 2008 11.85% 9153 1682811.45 7,390,544

Jan 1, 2010 3.72% 9365 2073859.77 23,167,004

  6.75 Mar 1, 2011 6.65% 8709 2451367 23,574,899

  6.00

  6.00 Dec 1, 2011 3.79% 9068 2877220 21,492,812

  6.50 Nov 1, 2011 4.15% 9170 2729538 21,723,188

  6.75 Oct 3, 2011 4.42% 8835 2677787 31,416,359

  6.75 Sept 1, 2011 4.61% 8823 2643330 17,457,339

  6.75 Aug 1, 2011 4.79% 8578 2621346 28,356,578

  6.75 Jul 1, 2011 4.61% 8508 2564556 22,902,185

  6.75 Jun 1, 2011 5.54% 8597 2522784 27,909,484

  6.75 May 1,2011 5.98% 8537 2475286 36,297,143

  6.75 Apr 1, 2011 6.16% 8574 2434478 46,576,697

  6.50 Feb 1, 2010 3.81% 9335 2066480.99 26,208,577

  6.50 Mar 1, 2010 3.43% 9115 2112082.7 24,479,687

  6.50 Jan 1, 2011 7.02% 9057 2436679 17,087,689

  6.50 Dec 1, 2010 6.96% 8991 2471205.79 18,719,772

  6.50 Nov 1, 2010 6.33% 9013 2347806.86 30,696,908

  6.50 Oct 1, 2010 5.67% 8928 2308845.97 23,391,300

  6.50 Sept 1, 2010 5.80% 8924 2274954.57 28,323,953

  6.50 Aug 1, 2010 6.44% 9041 2236459.45 23,897,930

  6.50 Jul 1, 2010 6.22% 8952 2217588.81 18,741,039

  6.50 Jun 1, 2010 5.05% 9083 2231144.33 23,383,364

  6.50 May 1,2010 4.16% 9180 2143234.05 26,927,201

  6.50 Apr 1, 2010 3.91% 9012 2116023.54 21,255,052

  6.50 Feb 1, 2011 6.84% 8823 2420191 9,839,194

  Lampiran 4 Perubahan Variabel Makroekonomi DATE PINFLASI PKURS

PJUB (M2) PVS PSBI

  Jan 1, 2007 - - - - - Feb 1, 2007 0.00639 0.007701 0.00094 0.299994 -0.02631578

March1,2007 0.034921 -0.004585 0.007299 0.042291 -0.02702702

Apr 1, 2007 -0.035276 -0.003839 0.004697 -0.109071

  

May 1, 2007 -0.044515 -0.028074 0.007471 -0.192694 -0.02777777

Jun 1, 2007 -0.039933 0.0256 0.04191 0.733012 -0.02857142 Jul 1, 2007 0.05026 0.014579 0.013881 -0.061799 -0.02941176 Aug 1, 2007 0.074257 0.024385 0.012396 -0.065869

  Sept 3, 2007 0.067588 -0.029012 0.015964 0.192736 Oct 1, 2007 -0.010072 -0.003721 0.011182 0.224713 Nov 1, 2007 -0.024709 0.02999 0.016771 0.225622

Dec 3, 2007 -0.017884 0.004586 0.057768 -0.560005 -0.03030303

  Jan 1, 2008 0.116844 -0.01359 -0.032187 0.393694 Feb 1, 2008 0.005435 -0.025831 0.004501 -0.042237 March3,2008 0.104054 0.018341 -0.005837 -0.191477 Apr 1, 2008 0.096695 0.001844 0.010851 1.569391

  

May 1, 2008 0.158482 0.009097 0.01864 -0.600469 0.03125

Jun 2, 2008 0.06262 -0.009981 0.037551 -0.347179 0.03030303 Jul 1, 2008 0.078876 -0.011599 -0.010175 0.541528 0.029411765

Aug 1, 2008 -0.004202 0.003839 -0.001921 -0.145241 0.028571429

  

Sept 1, 2008 0.024473 0.024582 0.056648 1.032942 0.027777778

Oct 6, 2008 -0.030478 0.172425 0.019319 -0.594728 0.027027027 Nov 6, 2008 -0.007647 0.105139 0.02126 0.850892

Dec 1, 2008 -0.053082 -0.09884 0.024211 0.029918 -0.02631578

  Jan 1, 2009 -0.170886 0.036986 -0.011443 -0.025859 -0.05405405 Feb 2, 2009 -0.062159 0.055042 0.013907 0.063888 -0.05714285

March1,2009 -0.07907 -0.033806 0.008706 -0.259663 -0.06060606

Apr 1, 2009 -0.07702 -0.074471 -0.002154 1.935879 -0.03225806

  

May 1, 2009 -0.173735 -0.034818 0.007553 0.480647 -0.03333333

Jun 1, 2009 -0.395695 -0.011122 0.026186 -0.31983 -0.0344827 Jul 1, 2009 -0.257534 -0.029829 -0.008385 0.523406 -0.03571428

Aug 3, 2009 0.01476 0.014113 0.017514 -0.226442 -0.03703703

  Sept 1, 2009 0.029091 -0.037674 0.011635 -0.600755 Oct 1, 2009 -0.091873 -0.014048 0.00149 0.820728 Nov 1, 2009 -0.062257 -0.00681 0.020128 0.150511 Dec 1, 2009 0.153527 -0.008439 0.038395 -0.578075

  Jan 1, 2010 0.338129 -0.003723 -0.031533 1.115751 Feb 1, 2010 0.024194 -0.003203 -0.003558 0.131289 March1,2010 -0.099738 -0.023567 0.022067 -0.065967 Apr 1, 2010 0.139942 -0.0113 0.001866 -0.131727 May 1, 2010 0.063939 0.018642 0.012859 0.266861

  Jun 1, 2010 0.213942 -0.010566 0.041018 -0.131608 Jul 1, 2010 0.231683 -0.014423 -0.006076 -0.198531 Aug 1, 2010 0.03537 0.009942 0.00851 0.275166 Sept 1, 2010 -0.099379 -0.012941 0.017213 0.185205

  Oct 1, 2010 -0.022414 0.000448 0.014898 -0.174151 Nov 1, 2010 0.116402 0.009521 0.016875 0.312322 Dec 1, 2010 0.099526 -0.002441 0.052559 -0.390174 Jan 1, 2011 0.008621 0.007341 -0.013972 -0.087185

  Feb 1, 2011 -0.025641 -0.025836 -0.006767 -0.424194 0.038461538 Mar1, 2011 -0.027778 -0.012921 0.012882 1.396019 Apr 1, 2011 -0.073684 -0.015501 -0.00689 0.97569 May 1, 2011 -0.029221 -0.004315 0.016763 -0.220702

  Jun 1, 2011 -0.073579 0.007028 0.019189 -0.231083 Jul 1, 2011 -0.16787 -0.010352 0.016558 -0.179412 Aug 1, 2011 0.039046 0.008228 0.022144 0.23816 Sept 1, 2011 -0.037578 0.028561 0.008387 -0.384364

  Oct 3, 2011 -0.041215 0.00136 0.013035 0.799608 -0.03703703

Nov 1, 2011 -0.061086 0.037917 0.019326 -0.308539 -0.07692307

Dec 1, 2011 -0.086747 -0.011123 0.054105 -0.010605

Lampiran 5 Lampiran 5 Pengujian Stasioneritas Data

  Null Hypothesis: RBUMI has a unit root Exogenous: Constant Lag Length: 5 (Automatic based on AIC, MAXLAG=8) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -4.090942 0.0022 Test critical values: 1% level -3.560019

  5% level -2.917650 10% level -2.596689 *MacKinnon (1996) one-sided p-values. Null Hypothesis: RDOID has a unit root Exogenous: Constant Lag Length: 1 (Automatic based on AIC, MAXLAG=8) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -4.110901 0.0020 Test critical values: 1% level -3.550396

  5% level -2.913549 10% level -2.594521 *MacKinnon (1996) one-sided p-values.

  Null Hypothesis: RPTBA has a unit root Exogenous: Constant Lag Length: 3 (Automatic based on AIC, MAXLAG=8) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -4.619688 0.0004 Test critical values: 1% level -3.555023

  5% level -2.915522 10% level -2.595565 *MacKinnon (1996) one-sided p-values. Null Hypothesis: RPTRO has a unit root Exogenous: Constant Lag Length: 0 (Automatic based on AIC, MAXLAG=8) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -6.725386 0.0000 Test critical values: 1% level -3.548208

  5% level -2.912631 10% level -2.594027 *MacKinnon (1996) one-sided p-values.

  Null Hypothesis: RMEDC has a unit root Exogenous: Constant Lag Length: 4 (Automatic based on AIC, MAXLAG=8) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -4.563774 0.0005 Test critical values: 1% level -3.557472

  5% level -2.916566 10% level -2.596116 *MacKinnon (1996) one-sided p-values.

  Null Hypothesis: RTINS has a unit root Exogenous: Constant Lag Length: 0 (Automatic based on AIC, MAXLAG=8) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -5.004760 0.0001 Test critical values: 1% level -3.548208

  5% level -2.912631 10% level -2.594027 *MacKinnon (1996) one-sided p-values.

  Null Hypothesis: RCTTH has a unit root Exogenous: Constant Lag Length: 0 (Automatic based on AIC, MAXLAG=8) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -6.645999 0.0000 Test critical values: 1% level -3.548208

  5% level -2.912631 10% level -2.594027 *MacKinnon (1996) one-sided p-values.

  Null Hypothesis: RMITI has a unit root Exogenous: Constant Lag Length: 7 (Automatic based on AIC, MAXLAG=8) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -5.898461 0.0000 Test critical values: 1% level -3.565430

  5% level -2.919952 10% level -2.597905 *MacKinnon (1996) one-sided p-values.

  Null Hypothesis: PINFLASI has a unit root Exogenous: None Lag Length: 2 (Automatic based on AIC, MAXLAG=2) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -2.888314 0.0046 Test critical values: 1% level -2.606911

  5% level -1.946764 10% level -1.613062 *MacKinnon (1996) one-sided p-values. Null Hypothesis: PKURS has a unit root Exogenous: Constant Lag Length: 1 (Fixed) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -6.250875 0.0000 Test critical values: 1% level -3.550396

  5% level -2.913549 10% level -2.594521 *MacKinnon (1996) one-sided p-values.

  Null Hypothesis: PM2 has a unit root Exogenous: Constant Lag Length: 4 (Fixed) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -4.600120 0.0004 Test critical values: 1% level -3.557472

  5% level -2.916566 10% level -2.596116 *MacKinnon (1996) one-sided p-values.

  Null Hypothesis: PVPS has a unit root Exogenous: Constant Lag Length: 4 (Fixed) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -4.559730 0.0005 Test critical values: 1% level -3.557472

  5% level -2.916566 10% level -2.596116 *MacKinnon (1996) one-sided p-values. Null Hypothesis: PSBI has a unit root Exogenous: None Lag Length: 0 (Automatic based on AIC, MAXLAG=2) t-Statistic Prob.* Augmented Dickey-Fuller test statistic -3.322012 0.0013 Test critical values: 1% level -2.605442

  5% level -1.946549 10% level -1.613181 *MacKinnon (1996) one-sided p-values.

Lampiran 6 Pengujian Multikorelasi

  PINFLASI PKURS PM2 PVPS PSBI

PINFLASI 1.000000 0.063081 -0.098166 -0.000139 0.404452

PKURS 0.063081 1.000000 0.124747 -0.142736 0.096367 PM2 -0.098166 0.124747 1.000000 -0.234511 0.013586

  PVPS -0.000139 -0.142736 -0.234511 1.000000 -0.051546 PSBI 0.404452 0.096367 0.013586 -0.051546 1.000000 Lampiran 7 Pengujian Autokorelasi

  1. RBUMI

  Breusch-Godfrey Serial Correlation LM Test: F-statistic 0.149543 Prob. F(1,52) 0.700550 Obs*R-squared 0.169187 Prob. Chi-Square(1) 0.680835

  2. RDOID

  Breusch-Godfrey Serial Correlation LM Test: F-statistic 0.056059 Prob. F(1,52) 0.813768

  Obs*R-squared 0.063536 Prob. Chi-Square(1) 0.800991

  3. RPTBA 4.

  Breusch-Godfrey Serial Correlation LM Test: F-statistic 0.220439 Prob. F(1,52) 0.640668 Obs*R-squared 0.249058 Prob. Chi-Square(1) 0.617739

  4.RPTRO

  Breusch-Godfrey Serial Correlation LM Test: F-statistic 0.216903 Prob. F(1,52) 0.643354 Obs*R-squared 0.245080 Prob. Chi-Square(1) 0.620561

  5. RMEDC

  Breusch-Godfrey Serial Correlation LM Test: F-statistic 0.000556 Prob. F(1,52) 0.981270 Obs*R-squared 0.000631 Prob. Chi-Square(1) 0.979954

  6. RTINS

  Breusch-Godfrey Serial Correlation LM Test: F-statistic 6.058289 Prob. F(1,52) 0.017196 Obs*R-squared 6.156555 Prob. Chi-Square 0.091323

  7. RCTTH

  Breusch-Godfrey Serial Correlation LM Test: F-statistic 0.827514 Prob. F(1,52) 0.367190 Obs*R-squared 0.924203 Prob. Chi-Square(1) 0.336374

  Breusch-Godfrey Serial Correlation LM Test: F-statistic 9.610127 Prob. F(1,52) 0.003121 Obs*R-squared 9.202992 Prob. Chi-Square(1) 0.059160

Lampiran 8 Hasil Regresi Emiten Saham

  Dependent Variable: RBUMI Method: Least Squares Date: 04/03/12 Time: 23:21 Sample (adjusted): 2007M02 2011M12 Included observations: 59 after adjustments Variable

  Coefficie nt Std. Error t-Statistic Prob. C 0.006534 0.036144 0.180788 0.8572 PINFLASI 0.055472 0.259820 0.213502 0.8318 PKURS

  • 2.685407 0.757661 -3.544339 0.0008 PM2 0.603509 1.515398 0.398251 0.6920 PVPS 0.058915 0.051255 1.149449 0.2555 PSBI
  • 2.436642 1.272782 -1.914422 0.0610 R-squared 0.283184 Mean dependent var 0.038781 Adjusted R-squared 0.215560 S.D. dependent var 0.233516 S.E. of regression 0.206822 Akaike info criterion
  • 0.217776 Sum squared resid 2.267084 Schwarz criterion
  • 0.006501 Log likelihood 12.42440 F-statistic 4.187612 Durbin-Watson stat 1.893487 Prob(F-statistic) 0.002793 Dependent Variable: RDOID Method: Least Squares

  Date: 04/03/12 Time: 23:32 Sample (adjusted): 2007M02 2011M12 Included observations: 59 after adjustments Variable

  Coefficie nt Std. Error t-Statistic Prob. C 0.031989 0.041788 0.765499 0.4474 PINFLASI

  • 0.170895 0.300391 -0.568909 0.5718 PKURS - 0.875970 -0.159649 0.8738

  0.139848

  • PM2 0.061690 1.752029 -0.035211 0.9720
  • PVPS 0.059555 0.059258 -1.005011 0.3195
  • PSBI 2.374028 1.471528 -1.613307 0.1126 R-squared 0.091798 Mean dependent var 0.041131 Adjusted R-squared 0.006119 S.D. dependent var 0.239852 S.E. of regression 0.239117 Akaike info criterion 0.072417 Sum squared resid 3.030378 Schwarz criterion 0.283692

  Log likelihood 3.863707 F-statistic 1.071413 Durbin-Watson stat 1.725916 Prob(F-statistic) 0.386715 Dependent Variable: RPTBA Method: Least Squares Date: 04/03/12 Time: 23:34 Sample (adjusted): 2007M02 2011M12 Included observations: 59 after adjustments Coefficie

  Variable nt Std. Error t-Statistic Prob.

  C 0.022938 0.026060 0.880216 0.3827

  • PINFLASI 0.104416 0.187327 -0.557398 0.5796
  • PKURS 1.370955 0.546264 -2.509694 0.0152 PM2 0.705997 1.092582 0.646173 0.5210 PVPS 0.045150 0.036954 1.221799 0.2272
  • PSBI 0.503459 0.917659 -0.548633 0.5856 R-squared 0.163901 Mean dependent var 0.041216 Adjusted R-squared 0.085024 S.D. dependent var 0.155890
  • S.E. of regression 0.149116 Akaike info criterion 0.872044
  • Sum squared resid 1.178481 Schwarz criterion 0.660769 Log likelihood 31.72531 F-statistic 2.077923 Durbin-Watson stat 1.879358 Prob(F-statistic) 0.082666
Coefficie nt Std. Error t-Statistic Prob. C 0.029783 0.044501 0.669269 0.5062 PINFLASI 0.061395 0.319892 0.191923 0.8485 PKURS 0.248403 0.932838 0.266288 0.7911 PM2

  Dependent Variable: RPTRO Method: Least Squares Date: 04/03/12 Time: 23:37 Sample (adjusted): 2007M02 2011M12 Included observations: 59 after adjustments Variable

  • 0.123249 1.865770 -0.066058 0.9476 PVPS 0.066678 0.063105 1.056615 0.2955 PSBI
  • 2.150359 1.567059 -1.372226 0.1758 R-squared 0.060089 Mean dependent var 0.053322 Adjusted R-squared
  • 0.028581 S.D. dependent var 0.251078 S.E. of regression 0.254640 Akaike info criterion 0.198215 Sum squared resid 3.436611 Schwarz criterion 0.409490 Log likelihood 0.152653 F-statistic 0.677669 Durbin-Watson stat 1.870748 Prob(F-statistic) 0.642239

  Dependent Variable: RMEDC Method: Least Squares Date: 04/03/12 Time: 23:38 Sample (adjusted): 2007M02 2011M12 Included observations: 59 after adjustments Variable

  Coefficie nt Std. Error t-Statistic Prob.

  • 0.012099 0.020318 -0.595459 0.5541 PINFLASI 0.081742 0.146056 0.559661 0.5781 PKURS

  C

  • 1.387157 0.425914 -3.256897 0.0020 PM2 0.298000 0.851870 0.349818 0.7279 PVPS 0.016341 0.028813 0.567136 0.5730
  • 1.329402 0.715486 -1.858041 0.0687 R-squared 0.235279 Mean dependent var 0.002927 Adjusted R-squared 0.163135 S.D. dependent var 0.127091 S.E. of regression 0.116263 Akaike info criterion

  PSBI

  • 1.369774 Sum squared resid 0.716410 Schwarz criterion
  • 1.158499 Log likelihood 46.40832 F-statistic 3.261262 Durbin-Watson stat 1.999127 Prob(F-statistic) 0.012185 Dependent Variable: RTINS Method: Least Squares

  Date: 04/03/12 Time: 23:40 Sample (adjusted): 2007M02 2011M12 Included observations: 59 after adjustments Variable

  Coefficie nt Std. Error t-Statistic Prob.

  • 0.019262 0.031640 -0.608782 0.5453 PINFLASI 0.201932 0.227442 0.887838 0.3786 PKURS

  C

  • 1.650004 0.663245 -2.487775 0.0160 PM2 0.506311 1.326557 0.381673 0.7042 PVPS 0.045521 0.044868 1.014563 0.3149 PSBI
  • 2.646451 1.114175 -2.375257 0.0212 R-squared 0.218997 Mean dependent var 0.011878 Adjusted R-squared 0.145317 S.D. dependent var 0.195836 S.E. of regression 0.181049 Akaike info criterion
  • 0.483959 Sum squared resid 1.737264 Schwarz criterion
  • 0.272684 Log likelihood 20.27679 F-statistic 2.972283 Durbin-Watson stat 1.381165 Prob(F-statistic) 0.019433 Dependent Variable: RCTTH Method: Least Squares
Date: 04/03/12 Time: 23:41 Sample (adjusted): 2007M02 2011M12 Included observations: 59 after adjustments Coefficie

  Variable nt Std. Error t-Statistic Prob.

  C 0.031141 0.023829 1.306838 0.1969

  • PINFLASI 0.214410 0.171294 -1.251711 0.2162
  • PKURS 0.625907 0.499510 -1.253042 0.2157
  • PM2 0.096681 0.999069 -0.096771 0.9233
  • PVPS 0.049349 0.033791 -1.460403 0.1501 PSBI 0.559453 0.839118 0.666715 0.5078 R-squared 0.087633 Mean dependent var 0.019038 Adjusted R-squared 0.001560 S.D. dependent var 0.136460
  • S.E. of regression 0.136353 Akaike info criterion 1.050994
  • Sum squared resid 0.985384 Schwarz criterion 0.839719 Log likelihood 37.00433 F-statistic 1.018128 Durbin-Watson stat 1.747262 Prob(F-statistic) 0.416391 Dependent Variable: RMITI Method: Least Squares

  Date: 04/03/12 Time: 23:42 Sample (adjusted): 2007M02 2011M12 Included observations: 59 after adjustments Coefficie

  Variable nt Std. Error t-Statistic Prob.

  C 0.041525 0.033306 1.246760 0.2180

  • PINFLASI 0.038504 0.239416 -0.160823 0.8728
  • PKURS 1.512024 0.698163 -2.165720 0.0349
  • >PM2 0.965315 1.396395 -0.691291 0.4924
  • PVPS 0.047230 -2.068442 0.0435

  0.097692

  • PSBI 1.283064 1.172832 -1.093988 0.2789 R-squared 0.162155 Mean dependent var 0.024728 Adjusted R-squared 0.083113 S.D. dependent var 0.199031
  • S.E. of regression 0.190580 Akaike info criterion 0.381344
  • Sum squared resid 1.925002 Schwarz criterion 0.170069 Log likelihood 17.24964 F-statistic 2.051505 Durbin-Watson stat 1.075512 Prob(F-statistic) 0.086247

Lampiran 8 Regres Panel

  Dependent Variable: RETURN? Method: Pooled Least Squares Date: 06/09/12 Time: 08:52 Sample (adjusted): 2007M02 2011M12 Included observations: 59 after adjustments Cross-sections included: 8 Total pool (balanced) observations: 472 Coefficie

  Variable nt Std. Error t-Statistic Prob.

  C 0.016569 0.011729 1.412656 0.1584

  • PINFLASI? 0.015961 0.084311 -0.189305 0.8499
  • PKURS? 1.140362 0.245859 -4.638277 0.0000 PM2? 0.108360 0.491743 0.220360 0.8257 PVPS? 0.003251 0.016632 0.195472 0.8451
  • PSBI? 1.520494 0.413015 -3.681453 0.0003 Fixed Effects (Cross) _RBUMI--C 0.009653 _RDOID--C 0.012003 _RPTBA--C 0.012088

  _RPTRO--C 0.024194

  • _RMEDC--C 0.026200
  • _RTINS--C 0.017249

  • _RCTTH--C 0.010089
  • _RMITI--C 0.004400 Effects Specification Cross-section fixed (dummy variables) R-squared 0.092563 Mean dependent var 0.029128 Adjusted R-squared 0.068839 S.D. dependent var 0.196716
  • S.E. of regression 0.189824 Akaike info criterion 0.458278
  • Sum squared resid 16.53930 Schwarz criterion 0.343785 Log likelihood 121.1535 F-statistic 3.901671 Durbin-Watson stat 1.703973 Prob(F-statistic) 0.000010 Substituted Coefficients: =====================

  RETURN_RBUMI = 0.009653010593 + 0.01656869012 - 0.0159605059*PINFLASI_RBUMI - 1.140362347*PKURS_RBUMI + 0.1083603019*PM2_RBUMI + 0.003251102271*PVPS_RBUMI - 1.520493955*PSBI_RBUMI RETURN_RDOID = 0.0120029089 + 0.01656869012 - 0.0159605059*PINFLASI_RDOID - 1.140362347*PKURS_RDOID + 0.1083603019*PM2_RDOID + 0.003251102271*PVPS_RDOID - 1.520493955*PSBI_RDOID RETURN_RPTBA = 0.01208836653 + 0.01656869012 - 0.0159605059*PINFLASI_RPTBA - 1.140362347*PKURS_RPTBA + 0.1083603019*PM2_RPTBA + 0.003251102271*PVPS_RPTBA - 1.520493955*PSBI_RPTBA RETURN_RPTRO = 0.02419443432 + 0.01656869012 - 0.0159605059*PINFLASI_RPTRO - 1.140362347*PKURS_RPTRO + 0.1083603019*PM2_RPTRO + 0.003251102271*PVPS_RPTRO - 1.520493955*PSBI_RPTRO

  RETURN_RMEDC = -0.02620048093 + 0.01656869012 - 0.0159605059*PINFLASI_RMEDC - 1.140362347*PKURS_RMEDC + 0.1083603019*PM2_RMEDC + 0.003251102271*PVPS_RMEDC - 1.520493955*PSBI_RMEDC RETURN_RTINS = -0.0172491589 + 0.01656869012 - 0.0159605059*PINFLASI_RTINS - 1.140362347*PKURS_RTINS + 0.1083603019*PM2_RTINS + 0.003251102271*PVPS_RTINS - 1.520493955*PSBI_RTINS RETURN_RCTTH = -0.01008937924 + 0.01656869012 - 0.0159605059*PINFLASI_RCTTH - 1.140362347*PKURS_RCTTH + 0.1083603019*PM2_RCTTH + 0.003251102271*PVPS_RCTTH - 1.520493955*PSBI_RCTTH RETURN_RMITI = -0.004399701271 + 0.01656869012 - 0.0159605059*PINFLASI_RMITI - 1.140362347*PKURS_RMITI + 0.1083603019*PM2_RMITI + 0.003251102271*PVPS_RMITI - 1.520493955*PSBI_RMITI