Calculate Stock Beta with Excel

http://investexcel.net
This spreadsheet calculates the beta of BP with respect to the FTSE, but can be adapted to any other stock and benchmark
Stocks Prices (Adjusted Close)
Date
BP
FTSE
1/3/2011
43.9
6013.9
1/4/2011
44.98
6043.9
1/5/2011
45.21
6019.5
1/6/2011
44.95
5984.3
1/7/2011
44.8
5956.3
1/10/2011
44.76
6014
1/11/2011
45.53
6050.7
1/12/2011
46.37
6023.9
1/13/2011
46.22
6002.1
1/14/2011
47.89
5985.7
1/18/2011
47.87
6056.4
1/19/2011
46.87
5976.7
1/20/2011
46.25
5867.9
1/21/2011
46.29
5896.3
1/24/2011
46.75
5943.9
1/25/2011
45.9
5917.7
1/26/2011
45.47
5969.2
1/27/2011
45.39
5965.1
1/28/2011
44.93
5881.4
1/31/2011
46.16
5862.9
2/1/2011
46.65
5957.8
2/2/2011
45.83
6000.1
2/3/2011
45.29
5983.3
2/4/2011
44.76
5997.4
2/7/2011
45.25
6051
2/8/2011
45.49
6091.3
2/9/2011
44.96
6052.3
2/10/2011
45.06
6020
2/11/2011
44.94
6062.9
2/14/2011
45.81
6060.1
2/15/2011
46.16
6037.1
2/16/2011
46.41
6085.3
2/17/2011
47.19
6087.4
2/18/2011
47.03
6083
2/22/2011
46.14
6014.8
2/23/2011
46.68
5996.8
2/24/2011
46.49
5923.5
2/25/2011
47.19
5920
2/28/2011
47.55
6001.2

% Returns
BP

FTSE

0.024601
0.005113
-0.00575
-0.00334
-0.00089
0.017203
0.018449
-0.00323
0.036132
-0.00042
-0.02089
-0.01323
0.000865
0.009937
-0.01818
-0.00937
-0.00176
-0.01013
0.027376
0.010615
-0.01758
-0.01178
-0.0117
0.010947
0.005304
-0.01165
0.002224
-0.00266
0.019359
0.00764
0.005416
0.016807
-0.00339
-0.01892
0.011704
-0.00407
0.015057
0.007629

0.004988
-0.00404
-0.00585
-0.00468
0.009687
0.006102
-0.00443
-0.00362
-0.00273
0.011811
-0.01316
-0.0182
0.00484
0.008073
-0.00441
0.008703
-0.00069
-0.01403
-0.00315
0.016187
0.0071
-0.0028
0.002357
0.008937
0.00666
-0.0064
-0.00534
0.007126
-0.00046
-0.0038
0.007984
0.000345
-0.00072
-0.01121
-0.00299
-0.01222
-0.00059
0.013716

Stock Beta
Method 1
Method 2

0.29012
0.29012
0.04
0.03
0.02
0.01

-0.03

-0.01
-0.01
-0.02
-0.03
-0.04

3/1/2011
3/2/2011
3/3/2011
3/4/2011
3/7/2011
3/8/2011
3/9/2011
3/10/2011
3/11/2011
3/14/2011
3/15/2011
3/16/2011
3/17/2011
3/18/2011
3/21/2011
3/22/2011
3/23/2011
3/24/2011
3/25/2011
3/28/2011
3/29/2011
3/30/2011
3/31/2011
4/1/2011
4/4/2011
4/5/2011
4/6/2011
4/7/2011
4/8/2011
4/11/2011
4/12/2011
4/13/2011
4/14/2011
4/15/2011
4/18/2011
4/19/2011
4/20/2011
4/21/2011
4/25/2011
4/26/2011
4/27/2011
4/28/2011
4/29/2011
5/2/2011
5/3/2011
5/4/2011
5/5/2011

46.7
46.84
47.3
47.64
47.24
46.91
46.51
44.8
44.89
44.22
42.94
42.43
43.84
44.26
44.94
44.88
45.36
45.93
45.99
45.17
43.93
43.74
43.31
44.8
45.02
45.85
45.98
46.06
45.86
45.79
44.44
44.54
44.68
44.11
43.63
43.84
45.04
45.16
45.11
45.45
45.65
45.41
45.27
45.05
43.95
43.54
42.66

5994
5935.8
5914.9
6005.1
5990.4
5973.8
5974.8
5937.3
5845.3
5828.7
5775.2
5695.3
5598.2
5696.1
5718.1
5786.1
5762.7
5795.9
5880.9
5900.8
5904.5
5932.2
5948.3
5908.8
6009.9
6017
6007.1
6041.1
6007.4
6055.8
6053.4
5964.5
6010.4
5963.8
5996
5870.1
5896.9
6022.3
6018.3
6069.4
6068.2
6069.9
6082.9
5984.1
5920
5976.8
5942.7

-0.01788
0.002998
0.009821
0.007188
-0.0084
-0.00699
-0.00853
-0.03677
0.002009
-0.01493
-0.02895
-0.01188
0.033231
0.00958
0.015364
-0.00134
0.010695
0.012566
0.001306
-0.01783
-0.02745
-0.00433
-0.00983
0.034403
0.004911
0.018436
0.002835
0.00174
-0.00434
-0.00153
-0.02948
0.00225
0.003143
-0.01276
-0.01088
0.004813
0.027372
0.002664
-0.00111
0.007537
0.0044
-0.00526
-0.00308
-0.00486
-0.02442
-0.00933
-0.02021

-0.0012
-0.00971
-0.00352
0.01525
-0.00245
-0.00277
0.000167
-0.00628
-0.0155
-0.00284
-0.00918
-0.01384
-0.01705
0.017488
0.003862
0.011892
-0.00404
0.005761
0.014666
0.003384
0.000627
0.004691
0.002714
-0.00664
0.01711
0.001181
-0.00165
0.00566
-0.00558
0.008057
-0.0004
-0.01469
0.007696
-0.00775
0.005399
-0.021
0.004566
0.021265
-0.00066
0.008491
-0.0002
0.00028
0.002142
-0.01624
-0.01071
0.009595
-0.00571

5/6/2011
5/9/2011
5/10/2011
5/11/2011
5/12/2011
5/13/2011
5/16/2011
5/17/2011
5/18/2011
5/19/2011
5/20/2011
5/23/2011
5/24/2011
5/25/2011
5/26/2011
5/27/2011

43.44
44.02
44.13
43.54
43.16
42.52
42.05
42.39
42.85
43.47
44.57
43.61
43.94
44.28
44.94
45.1

6018.9
5976
5945
5925.9
5923.7
5861
5923.5
5956
5948.5
5835.9
5858.4
5870.1
5881
5938.9
5990
5928.6

0.018284
0.013352
0.002499
-0.01337
-0.00873
-0.01483
-0.01105
0.008086
0.010852
0.014469
0.025305
-0.02154
0.007567
0.007738
0.014905
0.00356

0.012822
-0.00713
-0.00519
-0.00321
-0.00037
-0.01058
0.010664
0.005487
-0.00126
-0.01893
0.003855
0.001997
0.001857
0.009845
0.008604
-0.01025

any other stock and benchmark

0.04
0.03
0.02

Stock Return

COVARIANCE.P(E8:E108,F8:F108)/VAR.P(F8:F108)
SLOPE(E8:E108,F8:F108)

y = 0.2901x + 0.0004

0.01
0
-0.01
-0.01
-0.02
-0.03
-0.04

0.01

0.03
Market Return