“…Several previous studies were used as references in this research, such as the (1) Capital Market by Mouritsen (2003), Wonglimpiyarat (2005), Abhayawansa and Guthrie (2010), Aziz and Ansari (2017), Mazuruse (2014), (2) Portofolio Performance by Stevenson (2004), Yalama and Coskun (2007), Francoeur and Niyubahwe (2009), Li et al (2016), Tuor and Gellner (2010), Lally (2007), Hutchison et al (2011), Zainol and Kassim (2012), Mausser and Rosen (2000), Lee (2017), (3) Risk Free Return by Bouriaux and Scott (2004), Aliouche et al (2012), Hamilton (2011), Le and Ooi (2012), Salamudin et al (2010) and (4) Stock Return by Abraham (2005), Hussainey and Mouselli (2010), Simlai (2013), Simlai (2009), Adaoglu and Katircioglu (2013). The originality for this paper shows the comparative study of the stock portfolio performances of Small Medium Enterprises (SME) in Indonesian, Chinese and Indian stock markets, and object studies conducted in Indonesia, China and India.…”