TAREA 2

1. Riesgo, retorno, frontera eficiente: Se tiene las siguientes acciones en el Mercado de Valores:

Acciones A B
Rentabilidad Esperada (%) 67 78
Riesgo , Ơ (%) 55 66
Correlación entre las acciones 0.2

a) Calcule los siguientes portafolios

# Proporción A Proporción B Riesgo de la Cartera

1 0.00 1.00 66.00
2 0.20 0.80 53.93
3 0.40 0.60 45.30
4 0.60 0.40 42.26
5 0.80 0.20 45.94
6 1.00 0.00 55.00

b) Encuentre la cartera de mínima varianza. Calcule la Rentabilidad y el Riesgo de la cartera de mínima varianza.

Riesgo de la
Proporción A Proporcion B Cartera Rentabilidad Cartera
0.6122 0.3878 46.19 71.27

c) ¿Cuáles de los portafolios del literal a pertenecen a la Frontera Eficiente?

Del 1 al 4 y el de la mínima varianza es el punto rojo

Rentabilidad de Cartera
80.00
78.00
76.00
74.00
72.00
70.00
68.00
66.00
64.00
62.00
60.00
40.00 45.00 50.00 55.00 60.00 65.00 70.00
72.00
70.00
68.00
66.00
64.00
62.00
60.00
40.00 45.00 50.00 55.00 60.00 65.00 70.00
 Rentabilidad de la Cartera
78.00
75.80
73.60
71.40
69.20
67.00

rtera de mínima varianza.

2. Modelo de mercado para estimar beta
a) Bajar datos de una acción de su elección y calcular Beta.
b) Interpretar el coeficiente obtenido.
c) Analizar significancia estadística del beta por medio de p-value e intervalo de confianza, y analizar el R^2 de la regresión.

a) Bajar datos de una acción de su elección y calcular Beta.

valor y
retornos retornos 0.1

valor x valor y 0.05

0.004174817 0.006825412
0.012153781 0.006779142 f(x) = 0.5016353337x + 0.0018189283
R² = 0.0793591573 0
-0.08 -0.06 -0.04 -0.02 0 0.02 0.04 0.06
-0.00802213 0.006733495
0.005594883 0.006688458 -0.05
5.07505E-05 0.00664402
-0.02640111 0.006600168 -0.1
0.003844141 0.006556891
0.012833583 -0.04194331
-0.15
0.017729643 0.017438534
0.007631053 0.004301637
0.001992847 -0.01019002
-0.00984553 -0.00680503 b) Interpretar el coeficiente obtenido.
0.00788455 0.026036556 beta 0.5169
-0.00934128 0.021540282 obtenido:
La acción es 48,31% menos riesgosa que el mercado, en pro
-0.00697321 -0.00955406 de la rentabilidad del mercado en 1%, se espera que la ren
-0.03042946 0 CORPORATION aumente en 0,5169
-0.01086379 -0.00643081
0.042234766 -0.00485433
0.026625363 -0.00487801
0.008330939 -0.00490192 c) Analizar significancia estadística del beta por medio de p-value e intervalo de confianza, y analizar el R^
0.004425988 -0.00492607
0.011946724 -0.00495045 Resumen
0.002515953 -0.00497508
0.003860984 -0.00499996 Estadísticas de la regresión
-0.03418265 -0.04152383 Coeficiente de0.281707574
0.028025169 0.009676248 Coeficiente d 0.079359157
0.014867058 0.009583515 R^2 ajustado 0.074911617
-0.01444055 0.009492543 Error típico 0.028663965
-0.0057442 0.083342272 Observacione 209
-0.01282731 -0.06231024
0.016564989 -0.0145009 ANÁLISIS DE VARIANZA
-0.0269309 0.004214257 Grados de libertad
Suma de cuadrados
Promedio de los cuadradosF
0.030584287 0.04829653 Regresión 1 0.014660531 0.014660531 17.84338126
0.020578814 0.080336515 Residuos 207 0.170075942 0.000821623
0.006959775 -0.0132521 Total 208 0.184736473
-0.00274558 -0.00642859
-0.01500061 0.017168436 Coeficientes Error típico Estadístico t Probabilidad
-0.00804827 0.042763623 Intercepción 0.001818928 0.001999842 0.909535823 0.364125154
0.022251598 0.053934847 Variable X 1 0.501635334 0.118754354 4.224142666 3.59351E-05
-0.01783111 -0.03530088
0.00340234 -0.01188072 La prueba del valor-p es menor a 0.05 es decir que la provabilidad de cometer el error tipo
0.017438316 -0.0096188 beta no es igual a 0 , Coeficiente de determinación R^2 es : 0,0794 , es valor no es mu
-0.00995027 0.013657885 estan muy agrupados los retornos de los titulos
0.017792728 0
-0.00439412 0
0.004271049 0.0028744
0.003874942 -0.01988417
0.002589069 -0.00913854
-0.00868593 -0.00086079
-0.0064886 -0.00855384
0.000762628 -0.02786919
0.004191991 -0.02011234
0.000528494 0.008600977
-0.01229153 0
0.000771642 -0.02958839
0.024050466 -0.01404701
-0.02132059 0.03477376
0.012070859 0.022316463
-0.01202202 -0.06542414
0.006925794 0.01707417
-0.05602778 -0.10314263
0.008146399 0.022237205
-0.03337694 0.08122754
0.021548579 -0.01625792
-0.00701418 0.032089271
-0.00761045 0.018814998
0.011043742 0.027373989
0.032461628 0.085288052
0.009635909 0.006402038
0.020908147 0.051882105
0.00197561 -0.03401023
0.010147775 0.041008552
-0.03570755 -0.01837242
0.033425441 0
0.001194536 -0.04170413
0.000286178 -0.02439885
-0.03692386 -0.00288563
-0.00921339 0
0.034414679 0.077294055
-0.00880012 0.006548092
-0.05861573 -0.07028078
-0.02141519 -0.01231991
0.014429587 0
0.01679607 0.042749096
-0.02978536 -0.01376233
-0.00702303 -0.03067588
0.028773488 0.044281071
0.016093786 -0.0218706
0.02737192 -0.00481683
0.011625011 0.009979073
0.007989853 0.038220281
-0.00104111 -0.00524275
0.01870807 -0.03929881
-0.01169522 0.033631479
0.016038931 -0.01292252
0.005727354 0.025423675
-0.01263339 0.024964406
-0.00295649 -0.00489354
-0.00466657 -0.01229392
0.003565074 0.00429983
0.023115601 0.028167428
0.000190237 0.006958545
-0.00099864 -0.04162582
-0.01689918 0
-0.01076223 0
0.032867512 -0.04627269
0.013004914 0.024407704
0.014954138 0.010169688
0.006533006 -0.00903185
-0.00055245 -0.03152208
0.00488211 -0.02823237
0.001283293 0.001048594
0.000366144 0.009735671
-0.00571983 0.007689083
0.004970433 -0.01035552
-0.02330897 0.001774624
0.000421971 -0.01624827
0.01739285 -0.001987
0.001435187 0.037951883
-0.00582519 -0.01540494
-0.00892858 -0.02763907
0.004035285 -6.2572E-05
-0.0067297 0.037818501
-0.0187728 0.024434407
0.037736779 0.062779763
0.009610902 0.024714567
0.013821446 0.017899622
-0.00830628 0.05668596
0.031090689 -0.02528909
-0.00648976 0.029968526
0.008888554 -0.02829524
-0.00965842 -0.01303922
0.016463149 -0.01436031
-0.00070421 -0.01350995
-0.00136532 -0.0127819
0.009835027 0.005929697
0.001615932 -0.05673033
0.0094619 -0.00533192
0.015463727 -0.00201744
0.007018584 -0.01478571
0.007096459 0.036639699
-0.00306191 0
-0.00277675 -0.05264943
-0.00908152 0.004536742
0.008039025 0.000772552
-0.00229063 0.001306342
-0.01143712 -0.00557435
0.008945833 -0.01294053
0.014877022 0
0.006804404 0.00706862
-0.00300375 0.001679759
-0.00280361 0.061987219
0.014267314 -0.02825405
0.010177389 -0.02930766
-0.0031125 0.017099128
-0.00316349 0.051728211
0.006905898 -0.0239213
-0.00547031 0
0.001282063 -0.01546036
0.014249683 -0.02593932
0.005375535 -0.00770238
0.000121539 -0.00198569
0.002024967 0.039611672
-0.01329776 0.004813559
-0.00577579 -0.00300121
0.007622166 -0.02263519
0.013411846 0.014215447
-0.00508382 -0.00438007
0.010584725 0
0.005971011 0.077604477
0.007176059 0
0.012498457 0.008763812
0.002280221 0.013813932
0.008472183 0
0.002333599 -0.0242708
0.002871653 0.037748188
-0.00139302 0.014875956
-0.00089123 -0.02755481
0.009695214 0.002663116
0.015747382 0.036972149
0.003970485 -0.00722301
0.003766299 0.020846197
0.008882787 0.045440791
-0.0024299 0.008702814
0.02458234 -0.00996981
0.016458221 0.036940159
0.008959318 -0.01811556
0.022003491 -0.01973376
-0.03883722 -0.06558326
-0.05064449 -0.05206873
0.044397604 0.001697689
0.005858485 -0.01284788
-0.02049435 0.011630516
0.036383344 0.04346875
-0.01674614 -0.00881431
-0.05512952 -0.00772809
0.019763636 0.009922116
-0.01303436 0.007817431
0.020907104 0.046593285
0.005506283 0.039761645
-0.00018749 0.053364166
-0.00202584 0.014997018
0.025674826 0.055272714
-0.0055709 0.036583314
0.003022176 -0.07256103
0.005327988 0.035477953
0.016776301 0.005188709
-0.00057516 0.010537097
-7.18951E-05 0
nalizar el R^2 de la regresión.

SPDRÂ S&P 500 ETF (SPY)

Date Open High Low
6/9/2014 null null null
6/16/2014 193,889,999 196,600,006 193,660,004
6/23/2014 195,990,005 196,500,000 194,130,005
6/30/2014 195,699,997 198,289,993 195,529,999
0.02 0.04 0.06
7/7/2014 197,820,007 197,979,996 195,059,998
7/14/2014 197,610,001 198,259,995 195,429,993
7/21/2014 197,089,996 199,059,998 196,429,993
7/28/2014 197,759,995 198,449,997 191,570,007
8/4/2014 192,869,995 194,300,003 190,550,003
8/11/2014 193,970,001 196,649,994 192,940,002
8/18/2014 196,800,003 199,759,995 196,690,002
8/25/2014 200,139,999 200,820,007 199,149,994
9/1/2014 200,970,001 201,580,002 199,410,004
obtenido. 9/8/2014 200,919,998 201,210,007 198,559,998
9/15/2014 199,160,004 201,899,994 198,380,005
riesgosa que el mercado, en promedio. Ante un aumento 9/22/2014 200,350,006 200,380,005 196,270,004
ado en 1%, se espera que la rentabilidad de CHEVRON 9/29/2014 196,199,997 198,300,003 192,350,006
PORATION aumente en 0,5169%. 10/6/2014 197,339,996 197,600,006 190,490,005
10/13/2014 190,460,007 191,149,994 181,919,998
10/20/2014 188,130,005 196,490,005 188,070,007
10/27/2014 195,729,996 201,820,007 195,029,999
e intervalo de confianza, y analizar el R^2 de la regresión. 11/3/2014 201,919,998 203,600,006 200,059,998
11/10/2014 203,380,005 204,830,002 203,130,005
11/17/2014 203,850,006 207,839,996 203,649,994
11/24/2014 207,169,998 207,869,995 206,800,003
12/1/2014 206,399,994 208,470,001 205,380,005
12/8/2014 207,520,004 208,119,995 200,850,006
12/15/2014 201,979,996 212,970,001 197,860,001
12/22/2014 206,750,000 208,850,006 206,460,007
12/29/2014 208,220,001 208,970,001 204,179,993
1/5/2015 204,169,998 206,419,998 198,860,001
1/12/2015 204,410,004 205,479,996 198,550,003
1/19/2015 202,399,994 206,259,995 200,169,998
Valor crítico de F 1/26/2015 204,710,007 205,559,998 198,679,993
3.59351E-05 2/2/2015 200,050,003 207,240,005 197,860,001
2/9/2015 204,770,004 209,839,996 204,139,999

Inferior 95% Superior 95%
-0.00212374 0.005761598
0.267512266 0.735758402
vabilidad de cometer el error tipo 1 es muy baja, por lo tanto
2 es : 0,0794 , es valor no es muy cercano a 1 es decir que
os retornos de los titulos
2/16/2015 209,399,994 211,330,002 208,729,996
2/23/2015 210,940,002 212,240,005 210,479,996
Inferior 95,0% 3/2/2015 210,779,999 212,059,998 207,100,006
-0.0021237418 3/9/2015 207,740,005 208,789,993 204,399,994
0.2675122657 3/16/2015 206,710,007 211,270,004 205,860,001
3/23/2015 210,419,998 211,110,001 204,119,995
3/30/2015 205,740,005 208,610,001 204,509,995
4/6/2015 206,440,002 210,089,996 205,210,007
4/13/2015 209,869,995 211,039,993 207,009,995
4/20/2015 209,059,998 211,970,001 208,899,994
4/27/2015 212,330,002 212,479,996 207,619,995
5/4/2015 211,229,996 212,020,004 206,759,995
5/11/2015 211,570,007 212,610,001 208,619,995
5/18/2015 212,240,005 213,779,999 212,160,004
5/25/2015 212,399,994 212,979,996 210,199,997
6/1/2015 211,940,002 212,669,998 208,979,996
6/8/2015 209,639,999 212,089,996 207,690,002
6/15/2015 208,639,999 213,339,996 207,789,993
6/22/2015 211,910,004 212,589,996 209,160,004
6/29/2015 208,050,003 209,830,002 205,279,999
7/6/2015 205,770,004 208,169,998 204,110,001
7/13/2015 208,990,005 212,550,003 208,940,002
7/20/2015 212,750,000 213,179,993 207,600,006
7/27/2015 208,000,000 211,449,997 206,259,995
8/3/2015 210,460,007 211,309,998 206,869,995
8/10/2015 209,279,999 210,669,998 205,360,001
8/17/2015 208,710,007 210,679,993 197,520,004
8/24/2015 197,630,005 199,839,996 182,399,994
8/31/2015 198,110,001 199,130,005 190,729,996
9/7/2015 195,940,002 199,470,001 194,250,000
9/14/2015 196,949,997 202,889,999 194,960,007
9/21/2015 196,440,002 197,679,993 190,559,998
9/28/2015 191,779,999 195,029,999 186,929,993
10/5/2015 196,460,007 201,899,994 196,330,002
10/12/2015 201,419,998 203,289,993 198,940,002
10/19/2015 202,500,000 207,949,997 201,649,994
10/26/2015 207,300,003 209,440,002 205,789,993
11/2/2015 208,320,007 211,660,004 208,169,998
11/9/2015 209,309,998 209,490,005 202,440,002
11/16/2015 202,320,007 210,119,995 202,179,993
11/23/2015 209,380,005 209,979,996 207,410,004
11/30/2015 209,750,000 211,000,000 204,750,000
12/7/2015 209,229,996 209,729,996 201,509,995
12/14/2015 202,070,007 208,479,996 199,830,002
12/21/2015 201,410,004 206,330,002 200,089,996
12/28/2015 204,860,001 207,789,993 203,869,995
1/4/2016 200,490,005 201,899,994 191,580,002
1/11/2016 193,009,995 194,860,001 185,520,004
1/18/2016 189,960,007 190,759,995 181,020,004
1/25/2016 189,919,998 193,880,005 187,059,998
2/1/2016 192,529,999 194,580,002 187,100,006
2/8/2016 185,770,004 188,339,996 181,089,996
2/15/2016 188,770,004 193,320,007 187,630,005
2/22/2016 193,869,995 196,679,993 189,320,007
2/29/2016 195,110,001 201,350,006 193,330,002
3/7/2016 199,339,996 202,809,998 197,380,005
3/14/2016 202,160,004 205,229,996 201,050,003
3/21/2016 204,070,007 205,229,996 201,740,005
3/28/2016 203,610,001 207,139,999 202,399,994
4/4/2016 206,830,002 207,070,007 203,089,996
4/11/2016 205,250,000 208,600,006 203,699,997
4/18/2016 207,779,999 210,919,998 207,000,000
4/25/2016 208,259,995 209,809,998 205,029,999
5/2/2016 206,919,998 208,179,993 203,880,005
5/9/2016 205,570,007 208,539,993 204,380,005
5/16/2016 204,960,007 207,339,996 202,779,999
5/23/2016 205,509,995 210,250,000 204,990,005
5/30/2016 210,559,998 210,929,993 208,860,001
6/6/2016 210,699,997 212,520,004 209,429,993
6/13/2016 209,360,001 210,369,995 205,589,996
6/20/2016 208,820,007 210,869,995 202,720,001
6/27/2016 201,589,996 210,490,005 198,649,994
7/4/2016 208,949,997 212,940,002 207,059,998
7/11/2016 213,190,002 217,009,995 212,949,997
7/18/2016 215,970,001 217,369,995 215,630,005
7/25/2016 217,000,000 217,539,993 215,619,995
8/1/2016 217,190,002 218,229,996 214,250,000
8/8/2016 218,399,994 218,940,002 217,229,996
8/15/2016 218,889,999 219,500,000 217,020,004
8/22/2016 218,259,995 219,600,006 216,250,000
8/29/2016 217,440,002 218,869,995 216,029,999
9/5/2016 218,699,997 219,220,001 213,250,000
9/12/2016 212,389,999 216,809,998 212,309,998
9/19/2016 214,130,005 217,529,999 213,029,999
9/26/2016 215,020,004 217,119,995 213,619,995
10/3/2016 215,820,007 216,300,003 213,990,005
10/10/2016 216,160,004 216,699,997 211,210,007
10/17/2016 213,089,996 214,639,999 212,169,998
10/24/2016 215,000,000 215,320,007 211,710,007
10/31/2016 212,929,993 213,190,002 208,380,005
 11/7/2016 208,550,003 218,309,998 208,550,003
11/14/2016 217,029,999 219,270,004 215,720,001
11/21/2016 219,169,998 221,559,998 219,000,000
11/28/2016 221,160,004 221,820,007 219,149,994
12/5/2016 220,649,994 226,529,999 220,419,998
12/12/2016 226,399,994 228,339,996 224,669,998
12/19/2016 225,250,000 226,570,007 224,919,998
12/26/2016 226,020,004 226,729,996 222,729,996
1/2/2017 225,039,993 227,750,000 223,880,005
1/9/2017 226,910,004 227,449,997 224,960,007
1/16/2017 226,309,998 227,309,998 225,410,004
1/23/2017 226,740,005 229,710,007 225,270,004
1/30/2017 228,169,998 229,550,003 226,320,007
2/6/2017 228,869,995 231,770,004 228,309,998
2/13/2017 232,080,002 235,160,004 232,050,003
2/20/2017 235,520,004 236,899,994 235,410,004
2/27/2017 236,639,999 240,320,007 236,020,004
3/6/2017 237,500,000 238,119,995 235,740,005
3/13/2017 237,619,995 239,440,002 236,190,002
3/20/2017 237,029,999 237,610,001 232,960,007
3/27/2017 231,929,993 236,520,004 231,610,001
4/3/2017 235,800,003 237,389,999 233,910,004
4/10/2017 235,360,001 236,259,995 232,509,995
4/17/2017 233,110,001 235,850,006 232,880,005
4/24/2017 237,179,993 239,529,999 234,559,998
5/1/2017 238,679,993 239,720,001 237,699,997
5/8/2017 239,750,000 240,190,002 238,130,005
5/15/2017 239,470,001 240,669,998 235,429,993
5/22/2017 238,899,994 242,080,002 238,820,007
5/29/2017 241,339,996 244,350,006 240,639,999
6/5/2017 243,970,001 245,009,995 241,949,997
6/12/2017 243,130,005 244,869,995 241,630,005
6/19/2017 243,589,996 244,729,996 242,410,004
6/26/2017 243,899,994 244,380,005 239,960,007
7/3/2017 242,880,005 243,380,005 240,339,996
7/10/2017 242,110,001 245,970,001 240,850,006
7/17/2017 245,470,001 247,419,998 244,669,998
7/24/2017 246,789,993 248,000,000 245,679,993
7/31/2017 247,369,995 247,789,993 246,369,995
8/7/2017 247,490,005 248,910,004 243,699,997
8/14/2017 245,589,996 247,570,007 242,199,997
8/21/2017 242,639,999 245,619,995 241,830,002
8/28/2017 245,169,998 248,330,002 242,929,993
9/4/2017 247,259,995 247,520,004 244,949,997
9/11/2017 248,039,993 250,320,007 248,020,004
 9/18/2017 249,610,001 250,190,002 248,919,998
9/25/2017 249,149,994 251,320,007 248,080,002
10/2/2017 251,490,005 254,699,997 251,289,993
10/9/2017 254,630,005 255,270,004 253,649,994
10/16/2017 255,210,007 257,140,015 254,350,006
10/23/2017 257,480,011 257,890,015 254,000,000
10/30/2017 256,470,001 258,500,000 256,190,002
11/6/2017 258,299,988 259,350,006 256,359,985
11/13/2017 257,309,998 259,040,009 255,630,005
11/20/2017 258,140,015 260,480,011 257,859,985
11/27/2017 260,410,004 266,049,988 260,000,000
12/4/2017 266,309,998 266,799,988 262,709,991
12/11/2017 266,309,998 267,559,998 265,390,015
12/18/2017 268,100,006 268,600,006 266,690,002
12/25/2017 267,049,988 268,549,988 266,640,015
1/1/2018 267,839,996 273,559,998 267,399,994
1/8/2018 273,309,998 278,109,985 272,920,013
1/15/2018 279,350,006 280,410,004 276,179,993
1/22/2018 280,170,013 286,579,987 280,109,985
1/29/2018 285,929,993 286,429,993 275,410,004
2/5/2018 273,450,012 275,850,006 252,919,998
2/12/2018 263,829,987 275,320,007 261,660,004
2/19/2018 272,029,999 274,720,001 269,640,015
2/26/2018 275,929,993 278,920,013 264,820,007
3/5/2018 267,730,011 278,869,995 267,609,985
3/12/2018 279,200,012 280,410,004 274,140,015
3/19/2018 273,350,006 274,399,994 257,829,987
3/26/2018 262,130,005 266,769,989 258,579,987
4/2/2018 262,549,988 266,640,015 254,669,998
4/9/2018 261,369,995 267,540,009 259,940,002
4/16/2018 267,000,000 271,299,988 265,609,985
4/23/2018 267,260,010 267,980,011 260,850,006
4/30/2018 267,260,010 267,890,015 259,049,988
5/7/2018 266,890,015 273,149,994 265,149,994
5/14/2018 273,339,996 274,079,987 270,029,999
5/21/2018 273,010,010 274,250,000 270,779,999
5/28/2018 270,309,998 273,940,002 267,760,010
6/4/2018 274,529,999 278,279,999 274,179,993
6/11/2018 278,440,002 279,480,011 277,799,988
6/13/2018 279,190,002 279,480,011 277,799,988
&P 500 ETF (SPY) Chevron Corporation (CHVX34.SA)
Close Adj Close Volume retornos Date Open High Low
null null null 6/9/2014 null null null
195,940,002 180,898,453 464041000 valor x 6/16/2014 143,580,002 143,580,002 143,580,002
195,820,007 181,653,671 405387100 0.00417482 6/23/2014 145,774,994 145,774,994 144,559,998
198,199,997 183,861,450 266085000 0.01215378 6/30/2014 147,969,986 147,969,986 145,539,994
196,610,001 182,386,490 406114000 -0.0080221 7/7/2014 150,164,978 150,164,978 146,519,990
197,710,007 183,406,921 519679400 0.00559488 7/14/2014 152,359,970 152,359,970 147,499,986
197,720,001 183,416,229 334607000 5.0751E-05 7/21/2014 154,554,962 154,554,962 148,479,982
192,500,000 178,573,837 626687000 -0.0264011 7/28/2014 156,749,954 156,749,954 149,459,978
193,240,005 179,260,300 591595000 0.00384414 8/4/2014 158,944,946 158,944,946 150,439,974
195,720,001 181,560,852 414545000 0.01283358 8/11/2014 144,130,005 144,130,005 144,130,005
199,190,002 184,779,861 351220000 0.01772964 8/18/2014 144,130,005 144,130,005 144,130,005
200,710,007 186,189,926 283264000 0.00763105 8/25/2014 144,750,000 144,750,000 144,750,000
201,110,001 186,560,974 317301000 0.00199285 9/1/2014 144,649,994 144,649,994 143,270,004
199,130,005 184,724,182 404171700 -0.0098455 9/8/2014 143,274,994 143,274,994 141,289,993
200,699,997 186,180,649 560507000 0.00788455 9/15/2014 146,005,005 146,005,005 146,005,005
197,899,994 184,441,483 598069000 -0.0093413 9/22/2014 149,149,994 149,149,994 149,149,994
196,520,004 183,155,334 683066000 -0.0069732 9/29/2014 147,725,006 147,725,006 147,725,006
190,539,993 177,582,016 871766000 -0.0304295 10/6/2014 147,725,006 147,725,006 147,725,006
188,470,001 175,652,802 1312517000 -0.0108638 10/13/2014 146,775,014 146,775,014 146,775,014
196,429,993 183,071,457 709653000 0.04223477 10/20/2014 146,062,520 146,062,520 146,062,520
201,660,004 187,945,801 592480000 0.02662536 10/27/2014 145,350,026 145,350,026 145,350,026
203,339,996 189,511,566 475281000 0.00833094 11/3/2014 144,637,532 144,637,532 144,637,532
204,240,005 190,350,342 376714100 0.00442599 11/10/2014 143,925,038 143,925,038 143,925,038
206,679,993 192,624,405 454049700 0.01194672 11/17/2014 143,212,544 143,212,544 143,212,544
207,199,997 193,109,039 265047000 0.00251595 11/24/2014 142,500,050 142,500,050 142,500,050
208,000,000 193,854,630 429769700 0.00386098 12/1/2014 141,787,556 141,787,556 141,787,556
200,889,999 187,228,165 754967700 -0.0341827 12/8/2014 135,899,994 135,899,994 135,899,994
206,520,004 192,475,266 1206138200 0.02802517 12/15/2014 137,214,996 137,214,996 137,214,996
208,440,002 195,336,807 370776900 0.01486706 12/22/2014 138,529,998 138,529,998 138,529,998
205,429,993 192,516,037 404984400 -0.0144405 12/29/2014 139,845,000 139,845,000 139,845,000
204,250,000 191,410,187 802160800 -0.0057442 1/5/2015 151,500,000 151,500,000 151,500,000
201,630,005 188,954,910 940434000 -0.0128273 1/12/2015 142,059,998 142,059,998 142,059,998
204,970,001 192,084,946 542401900 0.01656499 1/19/2015 140,000,000 140,000,000 140,000,000
199,449,997 186,911,926 765883700 -0.0269309 1/26/2015 141,860,001 141,860,001 140,589,996
205,550,003 192,628,494 637478000 0.03058429 2/2/2015 140,660,004 147,380,005 140,660,004
209,779,999 196,592,560 465687300 0.02057881 2/9/2015 147,380,005 161,699,997 147,380,005
211,240,005 197,960,800 384175500
210,660,004 197,417,282 399189900
207,500,000 194,455,902 568484000
205,830,002 192,890,869 610270500
210,410,004 197,182,999 743069900
205,740,005 193,667,007 571056600
206,440,002 194,325,928 442494700
210,039,993 197,714,645 443228200
207,949,997 195,747,330 507027500
211,649,994 199,230,209 397706800
210,720,001 198,354,767 556611100
211,619,995 199,201,950 563435800
212,440,002 199,973,846 462547700
212,990,005 200,491,592 343955800
211,139,999 198,750,137 404462000
209,770,004 197,460,526 544275000
209,929,993 197,611,115 534184600
210,809,998 198,439,499 632747600
209,899,994 198,544,373 432762300
207,320,007 196,103,958 625900000
207,479,996 196,255,280 729385700
212,470,001 200,975,311 481406400
207,940,002 196,690,399 440420100
210,449,997 199,064,621 556268500
207,919,998 196,671,463 515462100
209,360,001 198,033,569 528646400
197,630,005 186,938,187 864627700
199,240,005 188,461,060 1650892700
192,589,996 182,170,807 929909900
196,740,005 186,096,329 535229400
195,360,001 184,791,016 776851400
192,869,995 183,384,674 666841300
195,000,000 185,409,927 832237000
201,330,002 191,428,635 621027000
203,270,004 193,273,224 492262800
207,520,004 197,314,209 576364400
207,929,993 197,704,025 498650200
210,039,993 199,710,281 461364800
202,539,993 192,579,117 549621600
209,309,998 199,016,159 542343400
209,559,998 199,253,891 253103500
209,619,995 199,310,913 678260500
201,880,005 191,951,584 694171100
200,020,004 190,183,060 951808000
205,679,993 196,728,149 362225900
0.00695978 2/16/2015 159,220,001 159,220,001 157,110,001
-0.0027456 2/23/2015 155,449,997 156,100,006 155,449,997
-0.0150006 3/2/2015 152,350,006 158,779,999 152,350,006
-0.0080483 3/9/2015 158,779,999 165,570,007 158,779,999
0.0222516 3/16/2015 163,479,996 174,699,997 163,479,996
-0.0178311 3/23/2015 167,649,994 168,339,996 167,649,994
0.00340234 3/30/2015 173,039,993 173,039,993 166,339,996
0.01743832 4/6/2015 166,339,996 166,339,996 164,740,005
-0.0099503 4/13/2015 164,960,007 167,289,993 164,960,007
0.01779273 4/20/2015 166,990,005 166,990,005 166,990,005
-0.0043941 4/27/2015 166,990,005 166,990,005 166,990,005
0.00427105 5/4/2015 167,470,001 167,470,001 167,470,001
0.00387494 5/11/2015 167,470,001 167,470,001 164,139,999
0.00258907 5/18/2015 164,139,999 164,139,999 159,000,000
-0.0086859 5/25/2015 162,639,999 162,639,999 162,500,000
-0.0064886 6/1/2015 162,500,000 162,500,000 161,110,001
0.00076263 6/8/2015 161,110,001 161,110,001 156,619,995
0.00419199 6/15/2015 156,619,995 156,619,995 153,470,001
0.00052849 6/22/2015 153,470,001 155,100,006 153,470,001
-0.0122915 6/29/2015 154,789,993 154,789,993 154,789,993
0.00077164 7/6/2015 154,789,993 154,789,993 150,210,007
0.02405047 7/13/2015 149,160,004 149,160,004 148,100,006
-0.0213206 7/20/2015 148,100,006 153,250,000 148,100,006
0.01207086 7/27/2015 153,250,000 156,669,998 153,250,000
-0.012022 8/3/2015 147,240,005 147,240,005 146,419,998
0.00692579 8/10/2015 148,809,998 148,919,998 148,809,998
-0.0560278 8/17/2015 148,919,998 148,919,998 133,559,998
0.0081464 8/24/2015 133,559,998 136,529,999 127,040,001
-0.0333769 8/31/2015 147,960,007 147,960,007 147,619,995
0.02154858 9/7/2015 147,619,995 147,619,995 145,220,001
-0.0070142 9/14/2015 145,220,001 150,179,993 145,220,001
-0.0076104 9/21/2015 157,300,003 158,309,998 152,699,997
0.01104374 9/28/2015 156,619,995 156,880,005 156,619,995
0.03246163 10/5/2015 164,300,003 170,259,995 163,580,002
0.00963591 10/12/2015 170,259,995 171,789,993 170,259,995
0.02090815 10/19/2015 175,259,995 180,240,005 175,259,995
0.00197561 10/26/2015 174,000,000 174,960,007 174,000,000
0.01014778 11/2/2015 174,110,001 184,320,007 174,110,001
-0.0357075 11/9/2015 176,419,998 177,919,998 176,419,998
0.03342544 11/16/2015 177,919,998 177,919,998 177,919,998
0.00119454 11/23/2015 168,169,998 170,500,000 168,169,998
0.00028618 11/30/2015 178,699,997 179,809,998 166,339,996
-0.0369239 12/7/2015 164,589,996 165,860,001 164,570,007
-0.0092134 12/14/2015 165,860,001 165,860,001 165,860,001
0.03441468 12/21/2015 178,679,993 178,679,993 178,679,993
203,869,995 194,996,918 335803400
191,919,998 183,567,032 908565200
187,809,998 179,635,910 1144254600
190,520,004 182,227,982 845884700
193,720,001 185,288,696 807651400
187,949,997 179,769,806 840787800
186,630,005 178,507,278 862910800
192,000,000 183,643,555 473396200
195,089,996 186,599,075 603253900
200,429,993 191,706,650 593572600
202,759,995 193,935,242 610567800
204,380,005 195,484,756 568735200
203,119,995 195,281,235 335812000
206,919,998 198,934,570 448199700
204,500,000 196,607,986 461948600
207,779,999 199,761,368 426440300
208,970,001 200,905,472 429640800
206,330,002 198,367,355 459000400
205,720,001 197,780,884 417788100
204,759,995 196,857,925 416398900
205,490,005 197,559,738 536326000
210,240,005 202,126,450 345575900
210,279,999 202,164,902 342234100
210,070,007 201,963,013 379648800
206,520,004 198,550,003 618523800
203,240,005 196,413,162 686987600
209,919,998 202,868,774 798564000
212,649,994 205,507,065 421502000
215,830,002 208,580,246 460619900
217,240,005 209,942,902 301795900
217,119,995 209,826,920 351379100
218,179,993 210,851,318 335968800
218,460,007 211,121,902 279372900
218,539,993 211,199,203 306593700
217,289,993 209,991,180 378228000
218,369,995 211,034,927 389128200
213,279,999 206,115,921 427857700
213,369,995 206,202,896 774789500
215,990,005 209,789,352 409227900
216,300,003 210,090,439 501006600
215,039,993 208,866,623 428991900
213,119,995 207,001,740 449539300
213,979,996 207,837,051 361774100
212,539,993 206,438,370 420237800
208,550,003 202,562,943 485446500
-0.0088001 12/28/2015 175,130,005 179,850,006 175,119,995
-0.0586157 1/4/2016 179,850,006 179,850,006 167,210,007
-0.0214152 1/11/2016 162,289,993 165,149,994 161,889,999
0.01442959 1/18/2016 165,149,994 165,149,994 165,149,994
0.01679607 1/25/2016 165,149,994 172,210,007 165,149,994
-0.0297854 2/1/2016 168,850,006 169,839,996 168,850,006
-0.007023 2/8/2016 169,839,996 169,839,996 164,630,005
0.02877349 2/15/2016 164,630,005 171,919,998 164,630,005
0.01609379 2/22/2016 171,919,998 171,919,998 168,160,004
0.02737192 2/29/2016 167,350,006 167,350,006 167,350,006
0.01162501 3/7/2016 171,419,998 173,020,004 169,020,004
0.00798985 3/14/2016 171,080,002 175,479,996 171,080,002
-0.0010411 3/21/2016 175,479,996 175,479,996 174,559,998
0.01870807 3/28/2016 170,949,997 172,229,996 167,699,997
-0.0116952 4/4/2016 167,550,003 173,339,996 167,550,003
0.01603893 4/11/2016 173,339,996 173,339,996 169,690,002
0.00572735 4/18/2016 175,449,997 175,449,997 175,449,997
-0.0126334 4/25/2016 180,440,002 180,440,002 179,720,001
-0.0029565 5/2/2016 180,490,005 180,490,005 178,949,997
-0.0046666 5/9/2016 177,720,001 177,720,001 173,919,998
0.00356507 5/16/2016 176,750,000 178,850,006 174,839,996
0.0231156 5/23/2016 178,259,995 182,509,995 178,259,995
0.00019024 5/30/2016 182,509,995 183,779,999 182,509,995
-0.0009986 6/6/2016 176,130,005 176,130,005 176,130,005
-0.0168992 6/13/2016 176,130,005 176,130,005 176,130,005
-0.0107622 6/20/2016 176,130,005 176,130,005 176,130,005
0.03286751 6/27/2016 176,130,005 176,130,005 166,059,998
0.01300491 7/4/2016 167,979,996 172,889,999 167,979,996
0.01495414 7/11/2016 174,490,005 174,490,005 173,830,002
0.00653301 7/18/2016 171,580,002 172,259,995 171,020,004
-0.0005524 7/25/2016 168,750,000 168,940,002 166,830,002
0.00488211 8/1/2016 161,520,004 162,119,995 160,550,003
0.00128329 8/8/2016 162,119,995 162,289,993 158,339,996
0.00036614 8/15/2016 162,979,996 163,869,995 162,979,996
-0.0057198 8/22/2016 163,320,007 165,130,005 162,820,007
0.00497043 8/29/2016 165,089,996 165,089,996 163,419,998
-0.023309 9/5/2016 163,419,998 164,029,999 163,419,998
0.00042197 9/12/2016 163,710,007 163,710,007 161,050,003
0.01739285 9/19/2016 160,500,000 160,729,996 159,550,003
0.00143519 9/26/2016 160,410,004 167,399,994 159,960,007
-0.0058252 10/3/2016 165,199,997 167,770,004 163,949,997
-0.0089286 10/10/2016 166,899,994 166,899,994 159,720,001
0.00403528 10/17/2016 159,720,001 163,550,003 159,710,007
-0.0067297 10/24/2016 156,880,005 165,750,000 156,449,997
-0.0187728 10/31/2016 167,110,001 169,800,003 167,110,001
216,419,998 210,207,016 743158200 0.03773678 11/7/2016 169,800,003 183,199,997 169,800,003
218,500,000 212,227,295 404338000 0.0096109 11/14/2016 183,190,002 184,919,998 182,660,004
221,520,004 215,160,583 232394000 0.01382145 11/21/2016 185,050,003 188,229,996 184,399,994
219,679,993 213,373,398 413631800 -0.0083063 11/28/2016 188,229,996 198,899,994 188,229,996
226,509,995 220,007,324 426173500 0.03109069 12/5/2016 198,899,994 198,899,994 192,619,995
225,039,993 218,579,529 624142300 -0.0064898 12/12/2016 197,229,996 199,679,993 195,289,993
225,710,007 220,522,385 340559400 0.00888855 12/19/2016 198,229,996 198,229,996 194,029,999
223,529,999 218,392,487 263485300 -0.0096584 12/26/2016 194,029,999 194,029,999 191,500,000
227,210,007 221,987,915 320049800 0.01646315 1/2/2017 191,500,000 191,500,000 188,750,000
227,050,003 221,831,589 319518300 -0.0007042 1/9/2017 188,750,000 188,750,000 184,869,995
226,740,005 221,528,717 309831900 -0.0013653 1/16/2017 186,199,997 187,410,004 183,820,007
228,970,001 223,707,458 374736400 0.00983503 1/23/2017 183,820,007 184,910,004 183,820,007
229,339,996 224,068,954 384956600 0.00161593 1/30/2017 184,910,004 184,910,004 173,399,994
231,509,995 226,189,072 299258600 0.0094619 2/6/2017 174,419,998 174,419,998 173,490,005
235,089,996 229,686,798 371688900 0.01546373 2/13/2017 176,750,000 176,750,000 173,139,999
236,740,005 231,298,874 308058800 0.00701858 2/20/2017 173,139,999 173,139,999 170,580,002
238,419,998 232,940,277 454855800 0.00709646 2/27/2017 170,580,002 176,830,002 170,580,002
237,690,002 232,227,036 371339600 -0.0030619 3/6/2017 176,830,002 176,830,002 176,830,002
237,029,999 231,582,199 380565500 -0.0027768 3/13/2017 176,830,002 176,830,002 167,520,004
233,860,001 229,479,080 494830700 -0.0090815 3/20/2017 167,520,004 169,979,996 166,470,001
235,740,005 231,323,868 373359800 0.00803902 3/27/2017 166,660,004 168,410,004 166,660,004
235,199,997 230,793,991 394361400 -0.0022906 4/3/2017 168,410,004 168,630,005 168,410,004
232,509,995 228,154,373 330405400 -0.0114371 4/10/2017 171,660,004 171,660,004 167,690,002
234,589,996 230,195,404 423293100 0.00894583 4/17/2017 164,350,006 165,520,004 163,639,999
238,080,002 233,620,026 391268400 0.01487702 4/24/2017 165,520,004 165,520,004 165,520,004
239,699,997 235,209,671 320859900 0.0068044 5/1/2017 165,520,004 168,479,996 165,520,004
238,979,996 234,503,159 270313700 -0.0030038 5/8/2017 169,639,999 169,639,999 166,970,001
238,309,998 233,845,703 507393900 -0.0028036 5/15/2017 166,970,001 177,320,007 163,639,999
241,710,007 237,182,053 266981600 0.01426731 5/22/2017 174,300,003 174,300,003 172,309,998
244,169,998 239,595,947 284626000 0.01017739 5/29/2017 172,309,998 172,309,998 167,160,004
243,410,004 238,850,204 345464700 -0.0031125 6/5/2017 167,259,995 170,119,995 167,259,995
242,639,999 238,094,604 375795400 -0.0031635 6/12/2017 178,919,998 178,919,998 178,919,998
243,130,005 239,738,861 289142700 0.0069059 6/19/2017 177,059,998 177,059,998 174,639,999
241,800,003 238,427,414 402761200 -0.0054703 6/26/2017 174,639,999 174,639,999 174,639,999
242,110,001 238,733,093 216954500 0.00128206 7/3/2017 174,639,999 174,639,999 171,940,002
245,559,998 242,134,964 246362600 0.01424968 7/10/2017 171,940,002 171,940,002 167,479,996
246,880,005 243,436,569 256784700 0.00537554 7/17/2017 166,190,002 166,190,002 166,190,002
246,910,004 243,466,156 269968300 0.00012154 7/24/2017 162,300,003 165,860,001 162,300,003
247,410,004 243,959,167 269148100 0.00202497 7/31/2017 170,869,995 172,429,993 170,869,995
244,119,995 240,715,057 351696400 -0.0132978 8/7/2017 170,929,993 174,429,993 170,929,993
242,710,007 239,324,738 449335600 -0.0057758 8/14/2017 173,259,995 173,259,995 172,740,005
244,559,998 241,148,911 292990000 0.00762217 8/21/2017 167,330,002 168,830,002 167,330,002
247,839,996 244,383,163 319543000 0.01341185 8/28/2017 170,289,993 171,229,996 169,880,005
246,580,002 243,140,762 271183200 -0.0050838 9/4/2017 170,479,996 170,479,996 170,479,996
249,190,002 245,714,340 378367500 0.01058472 9/11/2017 170,479,996 170,479,996 170,479,996
249,440,002 247,181,503 252342800
251,229,996 248,955,292 322504600
254,369,995 252,066,849 325955600
254,949,997 252,641,617 228400300
257,109,985 254,782,043 261751200
257,709,991 255,376,602 389927000
258,450,012 256,109,955 284832400
258,089,996 255,753,189 312694600
257,859,985 255,525,253 335889100
260,359,985 258,002,625 190142200
264,459,991 262,065,491 521044000
265,510,010 263,106,018 401716200
266,510,010 264,096,954 516455700
267,510,010 266,442,871 388541200
266,859,985 265,795,441 244118900
273,420,013 272,329,315 340886500
277,920,013 276,811,371 337325100
280,410,004 279,291,412 457557700
286,579,987 285,436,798 515553600
275,450,012 274,351,227 593556800
261,500,000 260,456,848 1347099500
273,109,985 272,020,508 617315700
274,709,991 273,614,136 388531100
269,079,987 268,006,592 623436700
278,869,995 277,757,568 444110600
274,200,012 273,106,201 453565500
258,049,988 258,049,988 579996000
263,149,994 263,149,994 529951400
259,720,001 259,720,001 692132300
265,149,994 265,149,994 454081800
266,609,985 266,609,985 363000200
266,559,998 266,559,998 407069900
266,019,989 266,019,989 470288200
272,850,006 272,850,006 314405600
271,329,987 271,329,987 316673700
272,149,994 272,149,994 302684000
273,600,006 273,600,006 346232400
278,190,002 278,190,002 303141800
278,029,999 278,029,999 205144800
278,010,010 278,010,010 67736464
0.00597101 9/18/2017 170,479,996 183,710,007 170,479,996
0.00717606 9/25/2017 183,710,007 183,710,007 183,710,007
0.01249846 10/2/2017 185,320,007 185,320,007 185,320,007
0.00228022 10/9/2017 186,970,001 187,880,005 186,970,001
0.00847218 10/16/2017 187,880,005 187,880,005 187,880,005
0.0023336 10/23/2017 187,880,005 193,860,001 183,320,007
0.00287165 10/30/2017 183,320,007 190,240,005 183,320,007
-0.001393 11/6/2017 190,789,993 193,070,007 189,820,007
-0.0008912 11/13/2017 193,070,007 194,229,996 187,750,000
0.00969521 11/20/2017 187,750,000 188,250,000 186,779,999
0.01574738 11/27/2017 186,350,006 195,309,998 186,350,006
0.00397048 12/4/2017 195,210,007 195,669,998 193,800,003
0.0037663 12/11/2017 198,880,005 200,699,997 197,839,996
0.00888279 12/18/2017 198,509,995 207,000,000 197,580,002
-0.0024299 12/25/2017 206,830,002 209,600,006 206,830,002
0.02458234 1/1/2018 208,630,005 208,770,004 206,399,994
0.01645822 1/8/2018 207,750,000 214,600,006 207,750,000
0.00895932 1/15/2018 214,179,993 214,440,002 210,179,993
0.02200349 1/22/2018 212,100,006 212,339,996 206,149,994
-0.0388372 1/29/2018 206,600,006 206,600,006 192,630,005
-0.0506445 2/5/2018 188,899,994 188,899,994 182,600,006
0.0443976 2/12/2018 182,600,006 183,600,006 182,600,006
0.00585848 2/19/2018 182,910,004 182,910,004 179,830,002
-0.0204944 2/26/2018 184,990,005 186,889,999 182,660,004
0.03638334 3/5/2018 183,320,007 190,600,006 183,320,007
-0.0167461 3/12/2018 189,770,004 189,880,005 187,679,993
-0.0551295 3/19/2018 186,949,997 192,660,004 186,360,001
0.01976364 3/26/2018 190,350,006 192,389,999 189,320,007
-0.0130344 4/2/2018 189,320,007 190,800,003 188,830,002
0.0209071 4/9/2018 198,679,993 199,690,002 198,100,006
0.00550628 4/16/2018 207,240,005 208,309,998 207,240,005
-0.0001875 4/23/2018 211,990,005 219,029,999 211,990,005
-0.0020258 4/30/2018 220,839,996 226,020,004 220,839,996
0.02567483 5/7/2018 222,880,005 234,710,007 222,880,005
-0.0055709 5/14/2018 237,380,005 242,830,002 236,130,005
0.00302218 5/21/2018 238,740,005 238,740,005 224,070,007
0.00532799 5/28/2018 225,210,007 234,350,006 225,210,007
0.0167763 6/4/2018 228,389,999 251,029,999 228,389,999
-0.0005752 6/11/2018 238,889,999 238,889,999 236,270,004
-7.1895E-05 6/13/2018 237,479,996 237,479,996 236,880,005
poration (CHVX34.SA)
Close Adj Close Volume retornos
null null null
143,580,002 141,119,095 1200 valor y
144,559,998 142,082,291 7000 0.00682541
145,539,994 143,045,487 12800 0.00677914
146,519,990 144,008,683 18600 0.00673349
147,499,986 144,971,879 24400 0.00668846
148,479,982 145,935,075 30200 0.00664402
149,459,978 146,898,271 36000 0.00660017
150,439,974 147,861,467 41800 0.00655689
144,130,005 141,659,668 400 -0.0419433
144,130,005 144,130,005 0 0.01743853
144,750,000 144,750,000 0 0.00430164
143,274,994 143,274,994 3000 -0.01019
142,300,003 142,300,003 1200 -0.006805
146,005,005 146,005,005 2000 0.02603656
149,149,994 149,149,994 200 0.02154028
147,725,006 147,725,006 0 -0.0095541
147,725,006 147,725,006 0 0
146,775,014 146,775,014 -133.33333 -0.0064308
146,062,520 146,062,520 -233.33333 -0.0048543
145,350,026 145,350,026 -333.33333 -0.004878
144,637,532 144,637,532 -433.33333 -0.0049019
143,925,038 143,925,038 -533.33333 -0.0049261
143,212,544 143,212,544 -633.33333 -0.0049505
142,500,050 142,500,050 -733.33333 -0.0049751
141,787,556 141,787,556 -833.33333 -0.005
135,899,994 135,899,994 0 -0.0415238
137,214,996 137,214,996 0 0.00967625
138,529,998 138,529,998 0 0.00958352
139,845,000 139,845,000 0 0.00949254
151,500,000 151,500,000 0 0.08334227
142,059,998 142,059,998 1200 -0.0623102
140,000,000 140,000,000 200 -0.0145009
140,589,996 140,589,996 600 0.00421426
147,380,005 147,380,005 6300 0.04829653
159,220,001 159,220,001 600 0.08033652
157,110,001 157,110,001 200 -0.0132521
156,100,006 156,100,006 500 -0.0064286
158,779,999 158,779,999 1900 0.01716844
165,570,007 165,570,007 2000 0.04276362
174,500,000 174,500,000 5000 0.05393485
168,339,996 168,339,996 400 -0.0353009
166,339,996 166,339,996 1500 -0.0118807
164,740,005 164,740,005 300 -0.0096188
166,990,005 166,990,005 700 0.01365788
166,990,005 166,990,005 0 0
166,990,005 166,990,005 0 0
167,470,001 167,470,001 200 0.0028744
164,139,999 164,139,999 100 -0.0198842
162,639,999 162,639,999 700 -0.0091385
162,500,000 162,500,000 200 -0.0008608
161,110,001 161,110,001 200 -0.0085538
156,619,995 156,619,995 200 -0.0278692
153,470,001 153,470,001 1500 -0.0201123
154,789,993 154,789,993 700 0.00860098
154,789,993 154,789,993 0 0
150,210,007 150,210,007 200 -0.0295884
148,100,006 148,100,006 700 -0.014047
153,250,000 153,250,000 1100 0.03477376
156,669,998 156,669,998 200 0.02231646
146,419,998 146,419,998 1400 -0.0654241
148,919,998 148,919,998 200 0.01707417
133,559,998 133,559,998 400 -0.1031426
136,529,999 136,529,999 1600 0.0222372
147,619,995 147,619,995 400 0.08122754
145,220,001 145,220,001 100 -0.0162579
149,880,005 149,880,005 700 0.03208927
152,699,997 152,699,997 2300 0.018815
156,880,005 156,880,005 400 0.02737399
170,259,995 170,259,995 5400 0.08528805
171,350,006 171,350,006 5100 0.00640204
180,240,005 180,240,005 3400 0.0518821
174,110,001 174,110,001 2200 -0.0340102
181,250,000 181,250,000 2700 0.04100855
177,919,998 177,919,998 4400 -0.0183724
177,919,998 177,919,998 0 0
170,500,000 170,500,000 4700 -0.0417041
166,339,996 166,339,996 5100 -0.0243989
165,860,001 165,860,001 1000 -0.0028856
165,860,001 165,860,001 0 0
178,679,993 178,679,993 400 0.07729405
179,850,006 179,850,006 4000 0.00654809
167,210,007 167,210,007 200 -0.0702808
165,149,994 165,149,994 7300 -0.0123199
165,149,994 165,149,994 0 0
172,210,007 172,210,007 800 0.0427491
169,839,996 169,839,996 2000 -0.0137623
164,630,005 164,630,005 1400 -0.0306759
171,919,998 171,919,998 900 0.04428107
168,160,004 168,160,004 100 -0.0218706
167,350,006 167,350,006 600 -0.0048168
169,020,004 169,020,004 3800 0.00997907
175,479,996 175,479,996 5400 0.03822028
174,559,998 174,559,998 100 -0.0052428
167,699,997 167,699,997 5700 -0.0392988
173,339,996 173,339,996 2200 0.03363148
171,100,006 171,100,006 1500 -0.0129225
175,449,997 175,449,997 600 0.02542368
179,830,002 179,830,002 4000 0.02496441
178,949,997 178,949,997 1000 -0.0048935
176,750,000 176,750,000 1400 -0.0122939
177,509,995 177,509,995 900 0.00429983
182,509,995 182,509,995 1100 0.02816743
183,779,999 183,779,999 400 0.00695854
176,130,005 176,130,005 200 -0.0416258
176,130,005 176,130,005 0 0
176,130,005 176,130,005 0 0
167,979,996 167,979,996 3000 -0.0462727
172,080,002 172,080,002 2000 0.0244077
173,830,002 173,830,002 1100 0.01016969
172,259,995 172,259,995 1200 -0.0090319
166,830,002 166,830,002 3900 -0.0315221
162,119,995 162,119,995 15800 -0.0282324
162,289,993 162,289,993 800 0.00104859
163,869,995 163,869,995 700 0.00973567
165,130,005 165,130,005 400 0.00768908
163,419,998 163,419,998 700 -0.0103555
163,710,007 163,710,007 600 0.00177462
161,050,003 161,050,003 5100 -0.0162483
160,729,996 160,729,996 800 -0.001987
166,830,002 166,830,002 14200 0.03795188
164,259,995 164,259,995 1200 -0.0154049
159,720,001 159,720,001 600 -0.0276391
159,710,007 159,710,007 600 -6.2572E-05
165,750,000 165,750,000 5800 0.0378185
169,800,003 169,800,003 300 0.02443441
180,460,007 180,460,007 300 0.06277976
184,919,998 184,919,998 6800 0.02471457
188,229,996 188,229,996 1600 0.01789962
198,899,994 198,899,994 400 0.05668596
193,869,995 193,869,995 4700 -0.0252891
199,679,993 199,679,993 3200 0.02996853
194,029,999 194,029,999 1000 -0.0282952
191,500,000 191,500,000 1300 -0.0130392
188,750,000 188,750,000 200 -0.0143603
186,199,997 186,199,997 200 -0.0135099
183,820,007 183,820,007 300 -0.0127819
184,910,004 184,910,004 200 0.0059297
174,419,998 174,419,998 200 -0.0567303
173,490,005 173,490,005 100 -0.0053319
173,139,999 173,139,999 1700 -0.0020174
170,580,002 170,580,002 200 -0.0147857
176,830,002 176,830,002 100 0.0366397
176,830,002 176,830,002 0 0
167,520,004 167,520,004 4300 -0.0526494
168,279,999 168,279,999 24500 0.00453674
168,410,004 168,410,004 15500 0.00077255
168,630,005 168,630,005 300 0.00130634
167,690,002 167,690,002 1500 -0.0055744
165,520,004 165,520,004 1300 -0.0129405
165,520,004 165,520,004 0 0
166,690,002 166,690,002 1500 0.00706862
166,970,001 166,970,001 900 0.00167976
177,320,007 177,320,007 300 0.06198722
172,309,998 172,309,998 33100 -0.0282541
167,259,995 167,259,995 3200 -0.0293077
170,119,995 170,119,995 100 0.01709913
178,919,998 178,919,998 5700 0.05172821
174,639,999 174,639,999 200 -0.0239213
174,639,999 174,639,999 0 0
171,940,002 171,940,002 1200 -0.0154604
167,479,996 167,479,996 100 -0.0259393
166,190,002 166,190,002 400 -0.0077024
165,860,001 165,860,001 400 -0.0019857
172,429,993 172,429,993 1100 0.03961167
173,259,995 173,259,995 1100 0.00481356
172,740,005 172,740,005 100 -0.0030012
168,830,002 168,830,002 5300 -0.0226352
171,229,996 171,229,996 400 0.01421545
170,479,996 170,479,996 100 -0.0043801
170,479,996 170,479,996 0 0
183,710,007 183,710,007 300 0.07760448
183,710,007 183,710,007 0 0
185,320,007 185,320,007 400 0.00876381
187,880,005 187,880,005 200 0.01381393
187,880,005 187,880,005 0 0
183,320,007 183,320,007 300 -0.0242708
190,240,005 190,240,005 400 0.03774819
193,070,007 193,070,007 4200 0.01487596
187,750,000 187,750,000 900 -0.0275548
188,250,000 188,250,000 1400 0.00266312
195,210,007 195,210,007 900 0.03697215
193,800,003 193,800,003 200 -0.007223
197,839,996 197,839,996 7300 0.0208462
206,830,002 206,830,002 500 0.04544079
208,630,005 208,630,005 900 0.00870281
206,550,003 206,550,003 3000 -0.0099698
214,179,993 214,179,993 2900 0.03694016
210,300,003 210,300,003 600 -0.0181156
206,149,994 206,149,994 1000 -0.0197338
192,630,005 192,630,005 16600 -0.0655833
182,600,006 182,600,006 3000 -0.0520687
182,910,004 182,910,004 500 0.00169769
180,559,998 180,559,998 1000 -0.0128479
182,660,004 182,660,004 5900 0.01163052
190,600,006 190,600,006 600 0.04346875
188,919,998 188,919,998 5700 -0.0088143
187,460,007 187,460,007 2500 -0.0077281
189,320,007 189,320,007 1500 0.00992212
190,800,003 190,800,003 300 0.00781743
199,690,002 199,690,002 1000 0.04659329
207,630,005 207,630,005 800 0.03976165
218,710,007 218,710,007 2500 0.05336417
221,990,005 221,990,005 1400 0.01499702
234,259,995 234,259,995 2600 0.05527271
242,830,002 242,830,002 2700 0.03658331
225,210,007 225,210,007 3500 -0.072561
233,199,997 233,199,997 5200 0.03547795
234,410,004 234,410,004 4800 0.00518871
236,880,005 236,880,005 3300 0.0105371
236,880,005 236,880,005 300 0
 PR

Sistemático
a
c
f

Acciones
Rentabilidad Esperada (%)
Riesgo , Ơ (%)
Correlación entre las acciones

Rendimiento del mercado

VARIANZA DEL MERCADO

# Proporción A

1 0
2 0.2

La desviación estándar del portafolio si puede ser inferior a la de cada activo , en el ejemplo pod
Respuesta 1 respectivamente
 Respuesta 2

Southern Co.
12
Precio cercano
BETA BAJA

Clasificación de Beta

Beta >1 mas sensible que el mercado

Beta <1 menos sensible que el mercado

Beta=1 igual de sensible que el mercado

 PREGUNTAS CONCEPTUALES

No Sistemático
b
c
d
e

A B
67 78
55 66
0.2

72.5
36.6025

Riesgo de la Cartera
Proporción B (desviación estándar)
1 66.00
0.8 53.93

folio si puede ser inferior a la de cada activo , en el ejemplo podemos visualizar que la desviación del portafolio a la de cada activo incluido
n Co. Texas Instruments
la mayor parte de los 3 últimos años (PRECIO 150
CONSTANTE)
75

CONCLUSIONES

No necesariamente porque el beta representa solamente el riesgo sistemático, el beta simboliza el riesgo que se tiene al inverti
una acción respecto al mercado, por lo que el movimiento súbito de precios muestra que es una empresa (Texas Instruments)
altamente riesgosa y susceptible a cualquier cambio repentino en el mismo (mercado) dando como un resultado un beta >1, m
que una empresa (Southern) que mantiene el precio constante de las acciones, da una imagen poco riesgosa en la que invetir,
su beta<1, ya que es menos sensible que el mercado
S CONCEPTUALES

Rentabilidad de la Cartera BETA

78.00
75.80

zar que la desviación del portafolio a la de cada activo incluido en él es de 53,93, mientas que la desviación de la acción A y B fue de 55 y 6
 Texas Instruments
precio cercano

precio actual

CLUSIONES

go sistemático, el beta simboliza el riesgo que se tiene al invertir en

o de precios muestra que es una empresa (Texas Instruments)
n el mismo (mercado) dando como un resultado un beta >1, mientras
de las acciones, da una imagen poco riesgosa en la que invetir, siendo
la acción A y B fue de 55 y 66
Preguntas y Problemas

portafolio
A B
número de acciones 95 120 215
precio 53 29
ponderaciones del portafolio 44.186% 55.814%

Portafolio
Acciones Pesos betas
Q 25% 0.75
R 20% 1.9
S 15% 1.38
T 40% 1.16
100%
Beta del Portafolio 1.2385

beta 1.25
�  =�_𝐹+𝛽((�_� )  −�_𝐹)
rendimiento esperado del mercado 12%
tasa libre de riesgo 5%

rendimiento esperado: 0.1825

 R. Esperado 16.20% �  =�_𝐹+𝛽((�_� )  −�_𝐹)
Beta 1.75
R. E. Merc. 11%

T.L. Riesgo 4.07%

A
beta= 0.92
rend. Esper 10.30%
act. Libre ries: 5.00%
R.Esp.del merca: 10.76%

b �_𝑝=1=1/3×�_𝐴+1/3×�_�+1/3×� D
beta 0.5 _𝑆� beta 1.84
Beta port (B)= 2.50 Beta port (B)= 1.16

c
RED ESPERA 0.09
BETA 0.69434

Y Z
�𝐹=(13.8−1.3(11.77))/
beta 1.35 beta 0.85 (1−1.3)
rend. Esper 14.00% rend. Esper 11.50%

LAS ACCIONES NO ESTAN CORRECTAMENTE

PR.DE RIE.MERCAD 6.80% EVALUADAS
 1) ��_𝐴=�_𝐹+𝛽_𝐴 ( 〖��〗 _�−�_𝐹 )        ⇒      (��_𝐴−�_𝐹)/𝛽_𝐴 
=( 〖��〗 _�−�_𝐹 )
(��_𝐴−�_𝐹)/𝛽_𝐴 =(�
𝛽_𝐴/𝛽_� =(��_𝐴−�_𝐹
2) ��_�=�_𝐹+𝛽_� ( 〖��〗 _�−�_𝐹 )        ⇒      (��_�−�_𝐹)/𝛽_� 
=( 〖��〗 _�−�_𝐹 )

Inversión $ 1,000,000.00

Activo Inversión Beta Porcentajes

Acción A $ 180,000.00 75% 18%
Acción B $ 290,000.00 130% 29%
Acción C $ 336,551.72 145% 34%
ALR $ 193,448.28 0% 19%
$ 1,000,000.00 1 100%

REND ESPE. Del merca. 0.133

tasa libre de riesgo a 0.0905
(��_𝐴−�_𝐹)/𝛽_𝐴 =(��_�−�_𝐹)/𝛽_�            ⇒                 
𝛽_𝐴/𝛽_� =(��_𝐴−�_𝐹)/(��_�−�_𝐹 )