Optimization of Stock Portfolio of Value30 Index and Growth30 Index Using The Markowitz Model and Sharpe Model

This study aims to determine the results of optimizing stock portfolios on Value30 and Growth30 indexes Indonesia Stock Exchange based Markowitz Model Sharpe Model. There are seven stocks that consistently listed index selected with code ADRO, BJBR, ELSA, ITMG, PTBA, PTPP, UNTR ACES, BBCA, BBRI, CPIN, ERAA, TBIG , TOWR. The data is taken from period January 2015 December 2021. Using model stock, comparison yields a return standard deviation, Coefficient Variation/CV value 7.426, for CV 3.279. Meanwhile, by using 4.937 was obtained, while obtained 3.169 concludes use provides more optimal than in portfolio formation both proportion funds being dominated ADRO BBCA index.