TEMA 2: BONOS

valor nominal
Tasa emisin
plazo
amortizacin desde cupn 9
primeros 8 cupones slo intereses

1000
6.70% efectiva anual
12 aos=
24 cupones

DESARROLLO A)
Semestres
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

Cupones
$ 32.96
$ 32.96
$ 32.96
$ 32.96
$ 32.96
$ 32.96
$ 32.96
$ 32.96
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
$ 81.42
PRECIO:

Tasa semestral:

3.30%

B)
C)
VA al 3,923%

$ 923.93

$ 886.93

RESPUESTA B)
TIR (exigida por el mercado)
PRECIO BONO

ANUAL
$ 923.93

TIR EFECTIVA ANUAL + 50 PBS

ANUAL

8% semestral

3.923%

7.20% semestral

3.537%

RESPUESTA C)

=6,7% + 0,50
PRECIO BONO

integrantes:

Enrique Elias
Michelle de la Barra

$ 886.93

TEMA 1: ACCIONES
A) RETORNOS MENSUALES , RENTABILIDAD ESPERADA Y EL RIESGO
PRECIOS AL CIERRE
Fecha
Dec-01
Jan-02
Feb-02
Mar-02
Apr-02
May-02
Jun-02
Jul-02
Aug-02
Sep-02
Oct-02
Nov-02
Dec-02
Jan-03
Feb-03
Mar-03
Apr-03
May-03
Jun-03
Jul-03
Aug-03
Sep-03
Oct-03
Nov-03
Dec-03
Jan-04
Feb-04
Mar-04
Apr-04
May-04
Jun-04
Jul-04
Aug-04
Sep-04
Oct-04
Nov-04
Dec-04
Jan-05
Feb-05
Mar-05
Apr-05
May-05

CAP
Rentab CAP
480.820514
405.692309
-0.1563
386.910258
-0.0463
375.641027
-0.0291
353.102565
-0.0600
345.589745
-0.0213
349.346155
0.0109
293.000001
-0.1613
293.751283
0.0026
281.73077
-0.0409
296.771428
0.0534
282.482052
-0.0481
308.025642
0.0904
345.589745
0.1220
360.615386
0.0435
339.579488
-0.0583
687.423079
1.0243
792.400639
0.1527
928.240748
0.1714
897.978609
-0.0326
882.960712
-0.0167
823.341997
-0.0675
1036.04485
0.2583
1058.73197
0.0219
1051.1696
-0.0071
1070.36903
0.0183
1330.31579
0.2429
1880.02674
0.4132
1705.55659
-0.0928
1781.7057
0.0446
1899.90502
0.0663
1994.16532
0.0496
2309.844
0.1583
3618.98658
0.5668
3540.95888
-0.0216
3954.33074
0.1167
4055.72383
0.0256
3955.99986
-0.0246
4542.31383
0.1482
6390.36408
0.4069
6446.20436
0.0087
5152.98435
-0.2006

R - E( R)
-0.1997
-0.0898
-0.0726
-0.1035
-0.0648
-0.0326
-0.2048
-0.0409
-0.0844
0.0099
-0.0916
0.0469
0.0785
0.0000
-0.1018
0.9809
0.1092
0.1280
-0.0761
-0.0602
-0.1110
0.2149
-0.0216
-0.0506
-0.0252
0.1994
0.3697
-0.1363
0.0012
0.0229
0.0061
0.1148
0.5233
-0.0650
0.0733
-0.0178
-0.0681
0.1047
0.3634
-0.0347
-0.2441

(R - E( R))^2
0.0399
0.0081
0.0053
0.0107
0.0042
0.0011
0.0419
0.0017
0.0071
0.0001
0.0084
0.0022
0.0062
0.0000
0.0104
0.9621
0.0119
0.0164
0.0058
0.0036
0.0123
0.0462
0.0005
0.0026
0.0006
0.0398
0.1367
0.0186
0.0000
0.0005
0.0000
0.0132
0.2738
0.0042
0.0054
0.0003
0.0046
0.0110
0.1320
0.0012
0.0596

CCU
1277.12317
1201.20876
1190.13771
1217.81533
1112.64037
1080.51646
1198.69794
1226.83639
1119.91029
1055.19185
1063.63339
1136.79336
1195.8841
1364.61558
1435.6893
1422.33626
1434.60678
1454.53533
1410.96137
1634.86048
1567.33167
1663.15107
1918.36262
1868.13851
1893.28652
1892.48628
2110.85008
2038.06215
1959.8913
1893.07682
1997.01045
1985.8747
2190.03005
2123.28981
2063.82493
2212.30154
2109.85268
2095.06977
2158.78387
2136.29654
2110.24349
2084.1911

Jun-05
Jul-05
Aug-05
Sep-05
Oct-05
Nov-05
Dec-05
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09

5345.97256
5796.19878
5512.86617
6282.76882
5685.81225
5484.169
5554.04782
6067.62156
6326.77182
6092.99408
6125.29946
6232.41515
6037.80481
5870.10537
6009.3066
5785.955
5810.28577
5901.9312
6957.22917
6895.90039
7116.22224
7483.39641
8487.26374
8137.01099
10630.0791
11099.947
10767.8295
12746.4391
14061.9076
13289.5478
12088.493
11050.6481
12805.4836
13124.7067
13931.5421
14487.5442
21769.5527
19112.1248
16919.0191
12518.3377
7370.894
7336.48479
6104.3419
7422.93006
7548.33995
8188.56118
8775.49641

0.0375
0.0842
-0.0489
0.1397
-0.0950
-0.0355
0.0127
0.0925
0.0427
-0.0370
0.0053
0.0175
-0.0312
-0.0278
0.0237
-0.0372
0.0042
0.0158
0.1788
-0.0088
0.0319
0.0516
0.1341
-0.0413
0.3064
0.0442
-0.0299
0.1838
0.1032
-0.0549
-0.0904
-0.0859
0.1588
0.0249
0.0615
0.0399
0.5026
-0.1221
-0.1147
-0.2601
-0.4112
-0.0047
-0.1679
0.2160
0.0169
0.0848
0.0717

-0.0060
0.0407
-0.0924
0.0962
-0.1385
-0.0789
-0.0307
0.0490
-0.0008
-0.0804
-0.0382
-0.0260
-0.0747
-0.0713
-0.0198
-0.0806
-0.0393
-0.0277
0.1353
-0.0523
-0.0115
0.0081
0.0907
-0.0847
0.2629
0.0007
-0.0734
0.1403
0.0597
-0.0984
-0.1339
-0.1293
0.1153
-0.0185
0.0180
-0.0036
0.4592
-0.1655
-0.1582
-0.3036
-0.4547
-0.0481
-0.2114
0.1725
-0.0266
0.0413
0.0282

0.0000
0.0017
0.0085
0.0093
0.0192
0.0062
0.0009
0.0024
0.0000
0.0065
0.0015
0.0007
0.0056
0.0051
0.0004
0.0065
0.0015
0.0008
0.0183
0.0027
0.0001
0.0001
0.0082
0.0072
0.0691
0.0000
0.0054
0.0197
0.0036
0.0097
0.0179
0.0167
0.0133
0.0003
0.0003
0.0000
0.2108
0.0274
0.0250
0.0922
0.2067
0.0023
0.0447
0.0298
0.0007
0.0017
0.0008

2135.98938
2427.23976
2184.03305
2099.59266
1999.90396
2045.87876
1992.24149
2054.25679
2161.93085
2034.87701
2022.78922
1979.0059
1895.02154
1950.34773
2137.4219
2244.89004
2300.61427
2451.86572
2520.56573
2624.16385
2525.55647
2715.92909
3042.87899
3042.79675
3161.38679
3175.53206
3156.61687
3116.81272
3333.43281
2961.46141
2865.40513
2660.77534
2590.11166
2578.43171
2840.29506
2974.63857
2657.64634
2787.52033
3090.76018
3091.18994
3094.19827
3175.93895
3137.51825
3273.21969
2821.45285
2851.84348
3097.1217

May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

11547.7904
0.3159
0.2724
12349.6162
0.0694
0.0260
11881.6904
-0.0379
-0.0814
12529.4564
0.0545
0.0110
13363.2427
0.0665
0.0231
13096.3978
-0.0200
-0.0634
12938.1761
-0.0121
-0.0556
14163.2099
0.0947
0.0512
16008.8756
0.1303
0.0868
15643.0508
-0.0229
-0.0663
15980.3698
0.0216
-0.0219
15882.0144
-0.0062
-0.0496
15619.935
-0.0165
-0.0600
16091.678
0.0302
-0.0133
18349.382
0.1403
0.0968
18986.9055
0.0347
-0.0087
22949.8896
0.2087
0.1652
24023.9317
0.0468
0.0033
22692.3135
-0.0554
-0.0989
23988.3578
0.0571
0.0136
23777.4178
-0.0088
-0.0523
21878.8151
-0.0798
-0.1233
22307.3761
0.0196
-0.0239
24006.0216
0.0761
0.0327
22676.126
-0.0554
-0.0989
21628.5059
-0.0462
-0.0897
20469.5632
-0.0536
-0.0971
19290.8054
-0.0576
-0.1011
15591.4397
-0.1918
-0.2352
18763.3017
0.2034
0.1600
18359.4509
-0.0215
-0.0650
18700.2616
0.0186
-0.0249
RENTABILIDAD MEDIA
0.0418 SUMA
Varianza
0.0262
Desv estandar
0.1620
Coeficiente Variacion
3.8731

0.0742
0.0007
0.0066
0.0001
0.0005
0.0040
0.0031
0.0026
0.0075
0.0044
0.0005
0.0025
0.0036
0.0002
0.0094
0.0001
0.0273
0.0000
0.0098
0.0002
0.0027
0.0152
0.0006
0.0011
0.0098
0.0080
0.0094
0.0102
0.0553
0.0256
0.0042
0.0006
3.1217

3242.56739
3376.69364
3284.43131
3246.34053
3352.25805
3360.7027
3259.90588
3582.59946
3710.38331
3710.2921
3575.21153
4200.06733
4149.59028
4485.4749
5181.68069
5518.98055
5120.35344
5160.64072
5195.36138
5399.25089
5003.40496
4850.80458
5354.73848
5407.83666
5221.69842
5386.72218
5030.40318
5120.5046
5297.30188
5375.43518
5841.80247
6615.93519
RENTABILIDAD MEDIA
Varianza
Desv estandar
Coeficiente Variacion

A) ORDENELAS Y SEALE LAS DOS MEJORES ACCIONES RENTABILIDAD/RIESGO

Coeficiente Variacion
RESPUESTA

FALABELLA CAP
CCU
ENDESA
COPEC
3.6523
3.8731
3.9498
4.7267
4.7798

LAS ACCIONES QUE TIENEN MENOR COEFICIENTE DE VARIACION SON FALABELLA Y CAP, POR SU MEN
SON MENOS RIESGOSAS

B) COVARIANZA DE CADA PAR DE ACCIONES

COVARIANZA
CAP
CCU
COPEC
ENDESA
FALABELLA

CAP

CCU

COPEC
ENDESA
FALABELLA
0.00301
0.00360
0.00423
0.00092
0.00144
0.00173
0.00092
0.00144
0.00274
0.00144 0.004206
0.00207
0.00173 0.002741
0.00207

RESPUESTA

mientras mas cerca de cero se encuentre la covarianza, menos correlacin tienen entre si estas accio

0.00086
0.00086
0.00301
0.00360
0.00423

C) CARTERAS EFICIENTES
CAP

CCU
% EN B

% EN A
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1

1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
Media

E (R. PORT) VARIANZA PORT

D. ESTAND PORT
COEF VARIACION
1.57%
0.0038
0.06182
3.950
1.83%
0.0062
0.07885
4.316
2.09%
0.0086
0.09262
4.435
2.35%
0.0109
0.10443
4.444
2.61%
0.0132
0.11488
4.399
2.87%
0.0155
0.12432
4.327
3.14%
0.0177
0.13297
4.241
3.40%
0.0199
0.14096
4.150
3.66%
0.0220
0.14840
4.057
3.92%
0.0241
0.15538
3.964
4.18%
0.0262
0.16196
3.873
2.87%

RESPUESTA
SI TUVIESEMOS QUE HABER ESCOGIDO UNA DE LAS ACCIONES PARA INVERTIR, SERIA CAP, PORQUE TIENE UNA RENTABILI
SE ESCOGIERON LAS DOS ACCIONES CON MENOR CORRELACIN, SIENDO CAP Y CCU, PERO LA RENTABILIDAD COMBINADA
CONVIENE SOLO CAP

Rentab CCU
-0.0594
-0.0092
0.0233
-0.0864
-0.0289
0.1094
0.0235
-0.0872
-0.0578
0.0080
0.0688
0.0520
0.1411
0.0521
-0.0093
0.0086
0.0139
-0.0300
0.1587
-0.0413
0.0611
0.1535
-0.0262
0.0135
-0.0004
0.1154
-0.0345
-0.0384
-0.0341
0.0549
-0.0056
0.1028
-0.0305
-0.0280
0.0719
-0.0463
-0.0070
0.0304
-0.0104
-0.0122
-0.0123

R - E( R)
-0.1029
-0.0527
-0.0202
-0.1298
-0.0724
0.0659
-0.0200
-0.1306
-0.1013
-0.0355
0.0253
0.0085
0.0976
0.0086
-0.0528
-0.0349
-0.0296
-0.0734
0.1152
-0.0848
0.0177
0.1100
-0.0697
-0.0300
-0.0439
0.0719
-0.0780
-0.0818
-0.0776
0.0114
-0.0491
0.0593
-0.0740
-0.0715
0.0285
-0.0898
-0.0505
-0.0131
-0.0539
-0.0557
-0.0558

(R - E( R))^2
0.0106
0.0028
0.0004
0.0169
0.0052
0.0043
0.0004
0.0171
0.0103
0.0013
0.0006
0.0001
0.0095
0.0001
0.0028
0.0012
0.0009
0.0054
0.0133
0.0072
0.0003
0.0121
0.0049
0.0009
0.0019
0.0052
0.0061
0.0067
0.0060
0.0001
0.0024
0.0035
0.0055
0.0051
0.0008
0.0081
0.0025
0.0002
0.0029
0.0031
0.0031

COPEC
Rentab COPEC
1766.27182
1861.33575
0.0538
1897.28429
0.0193
1837.37005
-0.0316
1781.45009
-0.0304
1892.66852
0.0624
1835.80723
-0.0300
2042.94477
0.1128
2071.37542
0.0139
1892.66852
-0.0863
1982.02197
0.0472
1990.0637
0.0041
2123.7111
0.0672
2057.8596
-0.0310
2255.49651
0.0960
2267.76128
0.0054
2568.20878
0.1325
2864.25108
0.1153
2994.7104
0.0455
3152.76688
0.0528
3336.74797
0.0584
3671.25905
0.1003
3679.62182
0.0023
3554.18017
-0.0341
3605.9637
0.0146
3589.91843
-0.0044
3981.76086
0.1092
3878.56443
-0.0259
3715.74714
-0.0420
3749.94744
0.0092
3972.65301
0.0594
4041.40833
0.0173
3878.72452
-0.0403
3767.41454
-0.0287
3870.16221
0.0273
3981.47219
0.0288
3811.53721
-0.0427
3876.40375
0.0170
4105.03882
0.0590
4295.13503
0.0463
3850.07608
-0.1036
4167.50875
0.0824

R - E( R)
0.0103
-0.0242
-0.0751
-0.0739
0.0190
-0.0735
0.0694
-0.0296
-0.1298
0.0037
-0.0394
0.0237
-0.0745
0.0526
-0.0380
0.0890
0.0718
0.0021
0.0093
0.0149
0.0568
-0.0412
-0.0776
-0.0289
-0.0479
0.0657
-0.0694
-0.0855
-0.0343
0.0159
-0.0262
-0.0837
-0.0722
-0.0162
-0.0147
-0.0862
-0.0265
0.0155
0.0028
-0.1471
0.0390

(R - E( R))^2
0.0001
0.0006
0.0056
0.0055
0.0004
0.0054
0.0048
0.0009
0.0168
0.0000
0.0016
0.0006
0.0055
0.0028
0.0014
0.0079
0.0052
0.0000
0.0001
0.0002
0.0032
0.0017
0.0060
0.0008
0.0023
0.0043
0.0048
0.0073
0.0012
0.0003
0.0007
0.0070
0.0052
0.0003
0.0002
0.0074
0.0007
0.0002
0.0000
0.0216
0.0015

0.0249
0.1364
-0.1002
-0.0387
-0.0475
0.0230
-0.0262
0.0311
0.0524
-0.0588
-0.0059
-0.0216
-0.0424
0.0292
0.0959
0.0503
0.0248
0.0657
0.0280
0.0411
-0.0376
0.0754
0.1204
0.0000
0.0390
0.0045
-0.0060
-0.0126
0.0695
-0.1116
-0.0324
-0.0714
-0.0266
-0.0045
0.1016
0.0473
-0.1066
0.0489
0.1088
0.0001
0.0010
0.0264
-0.0121
0.0433
-0.1380
0.0108
0.0860

-0.0186
0.0929
-0.1437
-0.0821
-0.0910
-0.0205
-0.0697
-0.0123
0.0089
-0.1022
-0.0494
-0.0651
-0.0859
-0.0143
0.0524
0.0068
-0.0187
0.0223
-0.0155
-0.0024
-0.0811
0.0319
0.0769
-0.0435
-0.0045
-0.0390
-0.0494
-0.0561
0.0260
-0.1551
-0.0759
-0.1149
-0.0700
-0.0480
0.0581
0.0038
-0.1500
0.0054
0.0653
-0.0433
-0.0425
-0.0171
-0.0556
-0.0002
-0.1815
-0.0327
0.0425

0.0003
0.0086
0.0206
0.0067
0.0083
0.0004
0.0049
0.0002
0.0001
0.0105
0.0024
0.0042
0.0074
0.0002
0.0027
0.0000
0.0003
0.0005
0.0002
0.0000
0.0066
0.0010
0.0059
0.0019
0.0000
0.0015
0.0024
0.0031
0.0007
0.0240
0.0058
0.0132
0.0049
0.0023
0.0034
0.0000
0.0225
0.0000
0.0043
0.0019
0.0018
0.0003
0.0031
0.0000
0.0329
0.0011
0.0018

4100.81099
4218.08275
4115.43692
4317.29236
4158.69795
4069.88508
3944.82108
4014.16884
4314.32021
4363.30818
4400.91601
4290.91783
4441.22086
4386.83489
4545.2284
4844.21637
5149.8565
5341.24116
6176.15987
6325.23522
6296.87012
6477.75425
6937.75817
7025.49753
7057.39328
7600.17098
7501.00086
7541.69544
8064.85909
8207.74839
8212.69802
7728.79478
7172.17686
7520.52445
7060.70564
6799.95249
6271.72646
6519.39664
5864.48606
5820.48279
5184.44409
4680.13492
4597.90557
4729.93281
4557.97492
4933.94905
5501.51443

-0.0160
0.0286
-0.0243
0.0490
-0.0367
-0.0214
-0.0307
0.0176
0.0748
0.0114
0.0086
-0.0250
0.0350
-0.0122
0.0361
0.0658
0.0631
0.0372
0.1563
0.0241
-0.0045
0.0287
0.0710
0.0126
0.0045
0.0769
-0.0130
0.0054
0.0694
0.0177
0.0006
-0.0589
-0.0720
0.0486
-0.0611
-0.0369
-0.0777
0.0395
-0.1005
-0.0075
-0.1093
-0.0973
-0.0176
0.0287
-0.0364
0.0825
0.1150

-0.0595
-0.0149
-0.0678
0.0056
-0.0802
-0.0648
-0.0742
-0.0259
0.0313
-0.0321
-0.0349
-0.0685
-0.0085
-0.0557
-0.0074
0.0223
0.0196
-0.0063
0.1128
-0.0193
-0.0480
-0.0148
0.0275
-0.0308
-0.0389
0.0334
-0.0565
-0.0381
0.0259
-0.0258
-0.0429
-0.1024
-0.1155
0.0051
-0.1046
-0.0804
-0.1212
-0.0040
-0.1439
-0.0510
-0.1528
-0.1408
-0.0610
-0.0148
-0.0798
0.0390
0.0716

0.0035
0.0002
0.0046
0.0000
0.0064
0.0042
0.0055
0.0007
0.0010
0.0010
0.0012
0.0047
0.0001
0.0031
0.0001
0.0005
0.0004
0.0000
0.0127
0.0004
0.0023
0.0002
0.0008
0.0010
0.0015
0.0011
0.0032
0.0014
0.0007
0.0007
0.0018
0.0105
0.0133
0.0000
0.0109
0.0065
0.0147
0.0000
0.0207
0.0026
0.0233
0.0198
0.0037
0.0002
0.0064
0.0015
0.0051

0.0470
0.0035
0.0414
-0.0021
-0.0273
-0.0708
-0.0116
-0.0551
0.0326
-0.0109
0.0025
-0.0410
-0.0300
-0.0735
0.0990
0.0555
0.0357
-0.0078
0.0000
-0.0435
-0.0364
-0.0799
0.1748
0.1313
-0.0120
-0.0555
0.0809
0.0375
0.1552
0.1117
0.0651
0.0216
-0.0722
-0.1157
0.0079
-0.0356
0.0067
-0.0368
0.0392
-0.0042
-0.0733
-0.1168
-0.0305
-0.0740
0.1039
0.0604
0.0099
-0.0336
-0.0344
-0.0779
0.0316
-0.0119
-0.0661
-0.1096
0.0179
-0.0256
0.0345
-0.0090
0.0147
-0.0287
0.0868
0.0433
0.1325
0.0890
0.0157 SUMA
0.0038
0.0618
3.9498

FALABELLA Y CAP, POR SU MENOR DISPERCION

0.0000
0.0000
0.0050
0.0030
0.0001
0.0017
0.0054
0.0031
0.0001
0.0019
0.0064
0.0172
0.0031
0.0014
0.0125
0.0005
0.0134
0.0013
0.0014
0.0000
0.0136
0.0055
0.0036
0.0011
0.0061
0.0001
0.0120
0.0007
0.0001
0.0008
0.0019
0.0079
0.5477

6779.34984
0.2323
0.1888
6086.11044
-0.1023
-0.1457
6562.16287
0.0782
0.0347
6277.58293
-0.0434
-0.0868
6737.19339
0.0732
0.0297
6831.16117
0.0139
-0.0295
6779.34984
-0.0076
-0.0511
7314.53814
0.0789
0.0355
8073.04091
0.1037
0.0602
7996.56694
-0.0095
-0.0530
7485.14129
-0.0640
-0.1074
7962.79174
0.0638
0.0203
8148.82481
0.0234
-0.0201
8261.18246
0.0138
-0.0297
8237.14719
-0.0029
-0.0464
8434.06264
0.0239
-0.0196
8749.12737
0.0374
-0.0061
8888.02998
0.0159
-0.0276
9115.06192
0.0255
-0.0179
8820.14478
-0.0324
-0.0758
8038.8144
-0.0886
-0.1321
7761.68083
-0.0345
-0.0780
8128.18416
0.0472
0.0037
8666.0523
0.0662
0.0227
8444.51922
-0.0256
-0.0690
8679.60955
0.0278
-0.0156
7940.89434
-0.0851
-0.1286
7040.54839
-0.1134
-0.1569
6144.71398
-0.1272
-0.1707
7366.26178
0.1988
0.1553
6563.6985
-0.1090
-0.1524
6860.62689
0.0452
0.0018
RENTABILIDAD MEDIA 0.0134 SUMA
Varianza
0.0041
Desv estandar
0.0638
Coeficiente Variacion 4.7798

0.0356
0.0212
0.0012
0.0075
0.0009
0.0009
0.0026
0.0013
0.0036
0.0028
0.0115
0.0004
0.0004
0.0009
0.0022
0.0004
0.0000
0.0008
0.0003
0.0058
0.0174
0.0061
0.0000
0.0005
0.0048
0.0002
0.0165
0.0246
0.0291
0.0241
0.0232
0.0000
0.5937

cin tienen entre si estas acciones.

ORQUE TIENE UNA RENTABILIDAD ESPERADA SUPERIOR A LAS OTRAS

A RENTABILIDAD COMBINADA DE ESTAS ACCIONES ES MEJOR A LA DE CAP POR SI SOLO

ENDESA
Rentab ENDESA
183.709268
172.585282
-0.0606
179.1288
0.0379
169.313524
-0.0548
165.752551
-0.0210
154.455909
-0.0682
151.169613
-0.0213
156.920631
0.0380
155.277483
-0.0105
135.970494
-0.1243
151.991187
0.1178
146.650956
-0.0351
147.061743
0.0028
151.991187
0.0335
150.758826
-0.0081
141.516119
-0.0613
172.11975
0.2163
177.459981
0.0310
172.538748
-0.0277
180.664114
0.0471
184.854146
0.0232
193.89146
0.0489
198.820904
0.0254
194.713034
-0.0207
191.426738
-0.0169
188.140442
-0.0172
217.717106
0.1572
207.316685
-0.0478
231.347874
0.1159
219.000586
-0.0534
217.259196
-0.0080
235.502334
0.0840
263.389459
0.1184
265.354743
0.0075
283.589589
0.0687
270.330144
-0.0468
277.784954
0.0276
275.313838
-0.0089
302.670253
0.0994
321.493856
0.0622
360.982345
0.1228
373.246543
0.0340

R - E( R)
-0.1040
-0.0056
-0.0983
-0.0645
-0.1116
-0.0648
-0.0054
-0.0539
-0.1678
0.0743
-0.0786
-0.0407
-0.0100
-0.0516
-0.1048
0.1728
-0.0125
-0.0712
0.0036
-0.0203
0.0054
-0.0181
-0.0641
-0.0604
-0.0606
0.1137
-0.0912
0.0724
-0.0968
-0.0514
0.0405
0.0749
-0.0360
0.0252
-0.0902
-0.0159
-0.0524
0.0559
0.0187
0.0793
-0.0095

(R - E( R))^2
0.0108
0.0000
0.0097
0.0042
0.0125
0.0042
0.0000
0.0029
0.0282
0.0055
0.0062
0.0017
0.0001
0.0027
0.0110
0.0299
0.0002
0.0051
0.0000
0.0004
0.0000
0.0003
0.0041
0.0036
0.0037
0.0129
0.0083
0.0052
0.0094
0.0026
0.0016
0.0056
0.0013
0.0006
0.0081
0.0003
0.0027
0.0031
0.0004
0.0063
0.0001

FALABELLA Rentab FALABELLA

455.34194
447.752908
-0.0167
472.206456
0.0546
497.503231
0.0536
480.638714
-0.0339
459.047837
-0.0449
435.201196
-0.0519
442.866188
0.0176
425.832873
-0.0385
364.512939
-0.1440
384.952917
0.0561
398.561253
0.0354
474.313716
0.1901
434.715838
-0.0835
447.542128
0.0295
464.844659
0.0387
585.35994
0.2593
611.79372
0.0452
663.963544
0.0853
734.047626
0.1056
786.479599
0.0714
838.911572
0.0667
978.730168
0.1667
891.343546
-0.0893
921.18313
0.0335
887.781452
-0.0363
1072.36967
0.2079
1041.60497
-0.0287
1002.05035
-0.0380
1056.37109
0.0542
1101.10775
0.0423
1286.97793
0.1688
1233.80876
-0.0413
1164.39592
-0.0563
1216.94375
0.0451
1259.79982
0.0352
1204.1876
-0.0441
1151.52113
-0.0437
1155.98439
0.0039
1142.68387
-0.0115
1094.3914
-0.0423
1115.24985
0.0191

404.902561
408.248863
396.536806
435.964611
450.495928
431.890488
434.600993
464.299425
455.097094
451.19308
439.775823
409.473577
404.678329
420.3242
436.536705
457.536
482.933054
517.582314
555.085963
599.840963
590.110508
610.114829
725.963286
705.274526
737.642988
652.454223
669.868833
624.207104
658.72658
585.944864
544.813634
471.215139
556.720288
612.946637
633.868051
721.250337
664.665
705.952735
687.067565
717.882057
687.146509
674.190914
648.423173
677.51546
638.28107
643.413964
654.413022

0.0848
0.0083
-0.0287
0.0994
0.0333
-0.0413
0.0063
0.0683
-0.0198
-0.0086
-0.0253
-0.0689
-0.0117
0.0387
0.0386
0.0481
0.0555
0.0717
0.0725
0.0806
-0.0162
0.0339
0.1899
-0.0285
0.0459
-0.1155
0.0267
-0.0682
0.0553
-0.1105
-0.0702
-0.1351
0.1815
0.1010
0.0341
0.1379
-0.0785
0.0621
-0.0268
0.0448
-0.0428
-0.0189
-0.0382
0.0449
-0.0579
0.0080
0.0171

0.0413
-0.0352
-0.0722
0.0560
-0.0101
-0.0848
-0.0372
0.0249
-0.0633
-0.0521
-0.0688
-0.1124
-0.0552
-0.0048
-0.0049
0.0046
0.0120
0.0283
0.0290
0.0371
-0.0597
-0.0096
0.1464
-0.0720
0.0024
-0.1590
-0.0168
-0.1116
0.0118
-0.1540
-0.1137
-0.1786
0.1380
0.0575
-0.0093
0.0944
-0.1219
0.0186
-0.0702
0.0014
-0.0863
-0.0623
-0.0817
0.0014
-0.1014
-0.0354
-0.0264

0.0017
0.0012
0.0052
0.0031
0.0001
0.0072
0.0014
0.0006
0.0040
0.0027
0.0047
0.0126
0.0030
0.0000
0.0000
0.0000
0.0001
0.0008
0.0008
0.0014
0.0036
0.0001
0.0214
0.0052
0.0000
0.0253
0.0003
0.0125
0.0001
0.0237
0.0129
0.0319
0.0190
0.0033
0.0001
0.0089
0.0149
0.0003
0.0049
0.0000
0.0074
0.0039
0.0067
0.0000
0.0103
0.0013
0.0007

1214.4855
1318.92045
1237.80337
1319.73343
1210.43313
1237.6672
1283.16967
1280.43952
1380.99998
1469.36578
1547.084
1439.46876
1513.05183
1499.255
1436.89335
1517.65077
1559.13322
1639.39691
1731.5551
2074.71699
2032.20382
2130.19715
2406.48647
2353.5784
2546.38943
2511.15825
2360.11137
2371.45221
2761.82049
2590.53475
2283.40706
2388.89669
2242.98743
2248.02529
2357.71752
2468.83556
2104.11365
2033.10837
1890.33738
1836.72697
1680.36326
1511.45244
1586.64009
1689.7736
1717.33924
1714.39257
1816.19532

0.0890
0.0860
-0.0615
0.0662
-0.0828
0.0225
0.0368
-0.0021
0.0785
0.0640
0.0529
-0.0696
0.0511
-0.0091
-0.0416
0.0562
0.0273
0.0515
0.0562
0.1982
-0.0205
0.0482
0.1297
-0.0220
0.0819
-0.0138
-0.0602
0.0048
0.1646
-0.0620
-0.1186
0.0462
-0.0611
0.0022
0.0488
0.0471
-0.1477
-0.0337
-0.0702
-0.0284
-0.0851
-0.1005
0.0497
0.0650
0.0163
-0.0017
0.0594

744.052093
793.644141
797.062727
763.282767
771.418821
739.397765
715.810423
787.716698
818.822424
793.328321
748.517461
751.420782
751.532687
785.048116
799.185398
804.043923
816.008391
812.21296
873.452755
817.556404
781.474839
780.262944
831.679224
819.137522
834.699739
857.522615
792.025414
771.419009
728.676931
758.013715
752.496735
741.472453
RENTABILIDAD MEDIA
Varianza
Desv estandar
Coeficiente Variacion

0.1370
0.0935
0.0667
0.0232
0.0043
-0.0392
-0.0424
-0.0859
0.0107
-0.0328
-0.0415
-0.0850
-0.0319
-0.0754
0.1005
0.0570
0.0395
-0.0040
-0.0311
-0.0746
-0.0565
-0.1000
0.0039
-0.0396
0.0001
-0.0433
0.0446
0.0011
0.0180
-0.0255
0.0061
-0.0374
0.0149
-0.0286
-0.0047
-0.0481
0.0754
0.0319
-0.0640
-0.1075
-0.0441
-0.0876
-0.0016
-0.0450
0.0659
0.0224
-0.0151
-0.0586
0.0190
-0.0245
0.0273
-0.0161
-0.0764
-0.1199
-0.0260
-0.0695
-0.0554
-0.0989
0.0403
-0.0032
-0.0073
-0.0508
-0.0147
-0.0581
0.0137 SUMA
0.0042
0.0649
4.7267

0.0087
0.0005
0.0015
0.0074
0.0011
0.0072
0.0057
0.0032
0.0000
0.0056
0.0100
0.0016
0.0019
0.0000
0.0006
0.0014
0.0008
0.0023
0.0010
0.0116
0.0077
0.0020
0.0005
0.0034
0.0006
0.0003
0.0144
0.0048
0.0098
0.0000
0.0026
0.0034
0.6068

2099.13982
2002.74485
2147.62591
2218.75736
2332.63605
2453.44565
2386.63939
2885.5686
2857.07486
2864.77587
2963.63759
3173.77892
3296.7823
3437.69786
3965.57203
4074.88128
4609.85471
4758.84204
4534.09679
5113.22183
4679.19411
4471.27315
4718.6777
4886.53157
5112.69621
4820.89655
4374.13986
4242.81032
4084.40761
4538.05566
4314.08662
4004.95931
RENTABILIDAD MEDIA
Varianza
Desv estandar
Coeficiente Variacion

0.1558
-0.0459
0.0723
0.0331
0.0513
0.0518
-0.0272
0.2091
-0.0099
0.0027
0.0345
0.0709
0.0388
0.0427
0.1536
0.0276
0.1313
0.0323
-0.0472
0.1277
-0.0849
-0.0444
0.0553
0.0356
0.0463
-0.0571
-0.0927
-0.0300
-0.0373
0.1111
-0.0494
-0.0717
0.0211
0.0060
0.0772
3.6523

R - E( R)
-0.0601
0.0111
0.0101
-0.0774
-0.0884
-0.0954
-0.0259
-0.0819
-0.1875
0.0126
-0.0081
0.1466
-0.1270
-0.0140
-0.0048
0.2158
0.0017
0.0418
0.0621
0.0280
0.0232
0.1232
-0.1328
-0.0100
-0.0797
0.1644
-0.0722
-0.0815
0.0107
-0.0011
0.1253
-0.0848
-0.0997
0.0017
-0.0083
-0.0876
-0.0872
-0.0396
-0.0550
-0.0857
-0.0244

(R - E( R))^2
0.0036
0.0001
0.0001
0.0060
0.0078
0.0091
0.0007
0.0067
0.0351
0.0002
0.0001
0.0215
0.0161
0.0002
0.0000
0.0466
0.0000
0.0017
0.0039
0.0008
0.0005
0.0152
0.0176
0.0001
0.0064
0.0270
0.0052
0.0066
0.0001
0.0000
0.0157
0.0072
0.0099
0.0000
0.0001
0.0077
0.0076
0.0016
0.0030
0.0074
0.0006

0.0455
0.0425
-0.1050
0.0227
-0.1263
-0.0210
-0.0067
-0.0456
0.0351
0.0205
0.0094
-0.1130
0.0076
-0.0526
-0.0851
0.0127
-0.0161
0.0080
0.0127
0.1547
-0.0640
0.0047
0.0862
-0.0655
0.0384
-0.0573
-0.1036
-0.0387
0.1211
-0.1055
-0.1620
0.0027
-0.1046
-0.0412
0.0053
0.0037
-0.1912
-0.0772
-0.1137
-0.0718
-0.1286
-0.1440
0.0063
0.0215
-0.0272
-0.0452
0.0159

0.0021
0.0018
0.0110
0.0005
0.0160
0.0004
0.0000
0.0021
0.0012
0.0004
0.0001
0.0128
0.0001
0.0028
0.0072
0.0002
0.0003
0.0001
0.0002
0.0239
0.0041
0.0000
0.0074
0.0043
0.0015
0.0033
0.0107
0.0015
0.0147
0.0111
0.0263
0.0000
0.0109
0.0017
0.0000
0.0000
0.0366
0.0060
0.0129
0.0052
0.0165
0.0207
0.0000
0.0005
0.0007
0.0020
0.0003

0.1123
-0.0894
0.0289
-0.0104
0.0078
0.0083
-0.0707
0.1656
-0.0534
-0.0408
-0.0090
0.0274
-0.0047
-0.0007
0.1101
-0.0159
0.0878
-0.0112
-0.0907
0.0842
-0.1284
-0.0879
0.0119
-0.0079
0.0028
-0.1006
-0.1361
-0.0735
-0.0808
0.0676
-0.0928
-0.1151
SUMA

0.0126
0.0080
0.0008
0.0001
0.0001
0.0001
0.0050
0.0274
0.0028
0.0017
0.0001
0.0008
0.0000
0.0000
0.0121
0.0003
0.0077
0.0001
0.0082
0.0071
0.0165
0.0077
0.0001
0.0001
0.0000
0.0101
0.0185
0.0054
0.0065
0.0046
0.0086
0.0133
0.7683