Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Chart Title
1200.000%
Chart Title
1200.000%
1000.000%
800.000%
600.000%
400.000%
200.000%
0.000%
- 2.00 4.00 6.00 8.00 10.00
Volatilidad implicita Default Upgrade Alpha Betha H Betha B Epsilon Determinacion
Mapa de
1200.00%
Mapa de
1200.00%
1000.00%
800.00%
600.00%
400.00%
200.00%
1 2 3
General
Cisco Systems,
Electric Apple Inc.
Inc.
Company
1 2 3
General
Cisco Systems,
Electric Apple Inc.
Inc.
Company
usando cambios marginales del precio
Date GE AAPL CSCO
8/1/2014 3.25% 6.97% -0.20%
9/1/2014 -1.40% -1.23% 0.72%
10/1/2014 1.58% 6.95% -2.06%
11/1/2014 2.60% 9.64% 12.18%
12/1/2014 -4.71% -7.03% 0.65%
1/1/2015 -4.68% 5.96% -5.35%
2/1/2015 8.43% 9.21% 11.94%
3/1/2015 -3.73% -2.79% -6.95%
4/1/2015 8.75% 0.58% 5.38%
5/1/2015 0.70% 4.02% 1.65%
6/1/2015 -2.60% -3.38% -6.52%
7/1/2015 -0.94% -3.35% 3.44%
8/1/2015 -4.27% -7.16% -8.59%
9/1/2015 0.84% -1.90% 1.42%
10/1/2015 14.58% 8.01% 9.44%
11/1/2015 3.47% -1.01% -4.90%
12/1/2015 3.96% -11.25% -0.33%
1/1/2016 -6.06% -7.82% -13.25%
2/1/2016 0.14% -0.67% 10.35%
3/1/2016 9.50% 12.52% 8.39%
4/1/2016 -3.33% -15.07% -3.50%
5/1/2016 -1.71% 6.32% 6.43%
6/1/2016 4.05% -3.75% -1.25%
7/1/2016 -0.33% 8.62% 6.22%
8/1/2016 0.32% 1.80% 3.84%
9/1/2016 -5.32% 6.89% 0.89%
10/1/2016 -0.99% 0.43% -3.33%
11/1/2016 5.55% -2.70% -2.02%
12/1/2016 2.69% 5.20% 1.33%
1/1/2017 -5.45% 4.66% 1.64%
2/1/2017 0.37% 12.12% 11.53%
3/1/2017 0.76% 5.19% -1.12%
4/1/2017 -2.76% -0.01% 0.80%
5/1/2017 -5.71% 6.15% -6.88%
6/1/2017 -1.36% -5.48% -0.73%
7/1/2017 -3.65% 3.22% 0.48%
8/1/2017 -4.23% 9.77% 3.32%
9/1/2017 -1.52% -5.82% 4.31%
10/1/2017 -17.19% 9.24% 1.53%
11/1/2017 -9.73% 1.65% 5.80%
12/1/2017 -4.70% -1.18% 6.53%
1/1/2018 -6.25% -1.07% 8.12%
2/1/2018 -13.63% 6.19% 8.25%
3/1/2018 -3.74% -5.57% -4.31%
4/1/2018 4.28% -1.51% 3.21%
5/1/2018 0.71% 12.63% -2.50%
Cualquier cosa buena o mala que se nos ocurra le va a pegar al precio de la Acción.
Al mercado no le interesa los balances ni estados de resultados
hay 12 sectores economicos
el indice de mercado se puede sacar del IVAE del banco central de reserva
Tasa libre de riesgo= al Treasure de los Estados Unidos de Norteamerica.
patrimonio inicial/patrimonio final-1=ROE, es el cambio marginal
4 5 6 7 8 9
United
The Walt Verizon
Intel McDonald's Technologie
Disney Visa Inc. Communication
Corporation Corporation s
Company s Inc.
Corporation
DIS INTC V MCD VZ UTX
81.27 30.19 50.29 83.17 41.91 95.55
85.06 31.11 50.65 82.43 41.86 98.12
84.25 31.22 51.24 84.84 42.00 96.50
86.48 30.50 57.98 83.87 42.22 97.78
87.55 33.40 62.00 86.63 42.98 100.60
89.14 32.75 63.45 84.59 39.75 105.67
87.17 29.82 61.69 83.45 38.84 105.47
99.75 30.01 65.66 89.28 42.51 112.02
100.52 28.43 63.78 88.73 41.81 108.27
104.19 29.59 64.41 87.92 43.36 105.08
105.77 31.33 66.97 87.35 42.98 108.24
109.39 27.85 65.59 87.32 40.52 103.04
115.00 26.51 73.59 91.72 40.68 93.17
98.21 26.13 69.65 89.40 40.47 85.09
98.51 27.83 68.16 91.30 38.27 83.20
109.64 31.26 75.91 104.01 41.24 92.01
109.38 32.10 77.30 105.78 40.50 89.80
101.29 32.03 76.01 110.33 41.18 90.40
92.96 28.84 73.01 115.59 44.53 82.51
92.67 27.51 70.95 109.44 45.76 90.92
96.34 30.34 75.27 118.26 48.78 94.89
100.17 28.40 76.01 119.02 45.95 98.94
96.25 29.63 77.69 114.85 46.40 95.35
94.90 31.03 73.12 113.23 50.90 97.86
93.08 32.98 76.95 111.51 50.51 102.73
92.30 33.95 79.76 109.63 48.18 101.56
90.74 35.98 81.67 110.19 47.86 97.55
90.57 33.24 81.48 107.53 44.29 98.12
96.86 33.08 76.36 113.93 46.47 103.42
101.84 34.83 77.21 117.17 49.71 105.89
108.96 35.36 81.85 117.99 45.64 105.94
108.41 34.77 87.03 122.88 46.71 108.72
111.65 34.89 88.12 125.69 45.88 109.04
113.83 34.97 90.45 135.69 43.21 115.63
106.29 34.93 94.42 146.32 44.42 117.86
104.62 32.88 93.15 148.52 42.53 119.31
108.25 34.56 98.89 151.39 46.10 115.85
100.39 34.17 102.83 156.10 46.29 116.98
97.78 37.39 104.70 153.80 47.75 114.11
97.03 44.66 109.42 163.84 46.19 117.73
103.98 44.02 112.02 168.80 49.69 115.89
106.65 45.59 113.64 169.96 51.68 126.15
108.67 47.54 123.82 168.99 52.80 136.48
103.16 48.68 122.53 155.76 47.15 133.24
100.44 51.78 119.43 155.39 47.23 125.11
100.33 51.32 126.68 166.38 48.74 119.48
99.47 54.88 130.51 159.00 47.67 124.12
4 5 6 7 8 9
United
The Walt Verizon
Intel McDonald's Technologie
Disney Visa Inc. Communication
Corporation Corporation s
Company s Inc.
Corporation
DIS INTC V MCD VZ UTX
4.55% 2.99% 0.71% -0.89% -0.13% 2.66%
-0.95% 0.38% 1.16% 2.88% 0.34% -1.66%
2.61% -2.35% 12.36% -1.15% 0.52% 1.32%
1.23% 9.10% 6.71% 3.23% 1.79% 2.84%
1.80% -1.96% 2.31% -2.39% -7.83% 4.92%
-2.23% -9.38% -2.82% -1.35% -2.31% -0.19%
13.47% 0.63% 6.24% 6.75% 9.04% 6.03%
0.78% -5.42% -2.90% -0.62% -1.67% -3.40%
3.59% 4.01% 0.97% -0.92% 3.65% -2.99%
1.51% 5.70% 3.90% -0.64% -0.88% 2.96%
3.36% -11.75% -2.08% -0.04% -5.89% -4.93%
5.01% -4.95% 11.51% 4.92% 0.39% -10.06%
-15.79% -1.43% -5.51% -2.57% -0.51% -9.07%
0.31% 6.28% -2.16% 2.10% -5.59% -2.25%
10.70% 11.64% 10.77% 13.04% 7.46% 10.06%
-0.24% 2.65% 1.83% 1.69% -1.81% -2.43%
-7.68% -0.22% -1.69% 4.21% 1.68% 0.67%
-8.59% -10.49% -4.03% 4.66% 7.80% -9.13%
-0.31% -4.72% -2.86% -5.47% 2.73% 9.70%
3.89% 9.79% 5.90% 7.75% 6.39% 4.28%
3.90% -6.61% 0.99% 0.64% -5.98% 4.18%
-3.99% 4.24% 2.18% -3.57% 0.97% -3.70%
-1.42% 4.62% -6.06% -1.42% 9.26% 2.60%
-1.93% 6.09% 5.10% -1.53% -0.77% 4.85%
-0.84% 2.91% 3.59% -1.71% -4.71% -1.14%
-1.71% 5.81% 2.37% 0.51% -0.67% -4.04%
-0.18% -7.94% -0.23% -2.45% -7.76% 0.59%
6.71% -0.49% -6.50% 5.78% 4.81% 5.26%
5.02% 5.18% 1.11% 2.81% 6.74% 2.36%
6.75% 1.51% 5.84% 0.70% -8.54% 0.05%
-0.51% -1.70% 6.13% 4.06% 2.32% 2.59%
2.95% 0.35% 1.24% 2.26% -1.79% 0.29%
1.93% 0.22% 2.61% 7.66% -6.00% 5.87%
-6.86% -0.11% 4.30% 7.54% 2.76% 1.91%
-1.58% -6.05% -1.36% 1.49% -4.34% 1.23%
3.40% 5.00% 5.98% 1.91% 8.04% -2.94%
-7.53% -1.13% 3.90% 3.07% 0.41% 0.97%
-2.63% 8.98% 1.81% -1.49% 3.12% -2.48%
-0.77% 17.78% 4.41% 6.32% -3.33% 3.12%
6.92% -1.44% 2.35% 2.99% 7.31% -1.57%
2.53% 3.49% 1.44% 0.68% 3.93% 8.49%
1.87% 4.20% 8.58% -0.57% 2.13% 7.87%
-5.20% 2.36% -1.04% -8.15% -11.32% -2.40%
-2.67% 6.18% -2.56% -0.24% 0.17% -6.30%
-0.11% -0.89% 5.89% 6.83% 3.15% -4.61%
-0.86% 6.71% 2.98% -4.54% -2.21% 3.81%
10 11 12 13 14 15 16
International
The Coca- The Procter UnitedHealth
Microsoft Business Caterpillar
Pfizer Inc. Cola & Gamble Group
Corporation Machines Inc.
Company Company Incorporated
Corporation
MSFT PFE IBM KO PG UNH CAT
5.13% 3.25% 0.33% 6.00% 8.02% 6.72% 8.57%
2.65% 0.61% -0.70% 2.23% 0.76% -0.50% -9.66%
1.26% 1.28% -14.38% -1.12% 4.13% 10.10% 2.37%
1.82% 3.93% -1.37% 6.81% 4.32% 3.74% -0.04%
-2.26% 0.86% -0.39% -5.31% 0.73% 2.46% -9.45%
-13.95% 0.32% -4.55% -2.52% -7.76% 5.35% -13.50%
8.19% 9.37% 5.48% 5.04% 1.70% 6.72% 4.41%
-6.84% 2.24% -0.19% -6.56% -3.82% 4.02% -3.52%
17.92% -2.50% 6.51% 0.85% -3.01% -5.67% 8.21%
-3.73% 2.39% -0.96% 0.98% -0.62% 7.61% -0.99%
-5.31% -2.75% -2.69% -4.32% -0.19% 1.48% -0.59%
5.62% 7.27% -0.41% 5.43% -1.99% -0.07% -7.58%
-7.05% -8.08% -9.11% -4.38% -7.37% -4.81% -2.93%
2.34% -4.94% -1.17% 2.01% 1.78% 0.27% -14.63%
17.34% 7.39% -3.43% 6.27% 5.99% 1.95% 11.04%
3.20% -3.15% -0.47% 0.64% -1.14% -4.40% 0.64%
2.73% -0.70% -0.37% 1.56% 5.93% 4.28% -6.67%
-0.71% -5.70% -9.79% -0.09% 2.83% -1.70% -8.79%
-7.95% -2.73% 4.88% 0.49% -0.86% 3.36% 10.95%
8.92% 0.90% 15.50% 7.29% 2.48% 7.91% 12.27%
-10.21% 9.86% -3.71% -2.71% -2.70% 2.55% 1.53%
6.09% 5.91% 5.21% -0.45% 1.96% 1.50% -5.97%
-2.82% 2.35% 0.63% 1.62% 4.38% 5.48% 4.45%
10.23% 4.66% 5.66% -3.06% 1.08% 1.86% 8.77%
1.37% -5.83% -1.09% -0.46% 2.77% -5.12% -0.02%
0.86% -1.88% 0.84% -2.59% 2.76% 2.86% 7.99%
3.95% -6.59% -3.30% 1.00% -3.34% 1.41% -6.17%
0.57% 1.35% 5.40% -4.96% -4.36% 11.35% 14.42%
3.75% -0.39% 3.20% 4.85% 1.95% 1.48% -3.00%
3.96% 0.09% 5.01% -1.03% 4.10% 1.28% 3.10%
-1.04% 7.26% 2.99% 0.93% 4.67% 2.00% 1.87%
3.50% 1.28% -2.42% 1.14% -1.35% -0.83% -4.12%
3.87% -0.85% -8.29% 2.54% -2.84% 6.79% 9.75%
2.00% -3.82% -4.90% 5.24% 1.63% 0.17% 3.88%
-0.74% 3.80% 1.76% -1.37% -1.07% 5.68% 1.91%
5.32% -1.29% -6.14% 3.00% 4.12% 3.80% 5.86%
2.81% 2.27% -1.14% -0.63% 2.36% 3.63% 3.78%
0.16% 6.09% 2.47% -1.19% -1.41% -1.55% 5.96%
11.03% -1.81% 6.01% 2.92% -5.23% 7.46% 8.52%
1.18% 3.37% -3.26% -0.46% 4.89% 0.43% 4.46%
2.12% 0.80% 3.84% 1.06% 2.08% 4.66% 11.01%
10.50% 2.24% 6.49% 3.66% -6.22% 7.14% 3.25%
-1.31% -1.99% -4.93% -9.63% -8.73% -4.59% -4.67%
-2.23% -1.36% -0.57% 0.48% 0.96% -5.53% -4.80%
2.44% 3.11% -5.68% 0.37% -9.16% 10.29% -2.07%
5.53% -1.87% -2.55% -0.49% 2.06% 2.14% 5.60%
17 18 19 20 21 22 23
The The
American
Goldman Johnson & Travelers The Boeing The Home
Express 3M Company
Sachs Johnson Companies, Company Depot, Inc.
Company
Group, Inc. Inc.
GS AXP JNJ MMM TRV BA HD
3.55% 2.02% 3.57% 2.18% 5.59% 5.11% 14.54%
2.77% -2.27% 3.39% -1.03% -0.82% 1.06% -1.90%
3.44% 2.72% 1.11% 8.19% 7.63% -1.96% 6.61%
-0.84% 3.01% 0.44% 4.03% 3.56% 7.29% 1.91%
3.15% 0.67% -2.81% 3.14% 1.33% -2.73% 5.45%
-11.71% -14.24% -4.33% -1.24% -2.38% 11.19% -0.05%
9.60% 1.40% 2.34% 3.84% 4.40% 3.70% 9.43%
-0.65% -4.35% -1.18% -1.60% 0.64% 0.10% -1.00%
4.40% -0.53% -1.40% -5.33% -6.20% -4.59% -5.50%
4.85% 2.89% 0.94% 1.71% 0.01% -1.99% 4.07%
1.56% -2.54% -1.99% -2.42% -4.51% -0.65% -0.26%
-1.80% -1.79% 2.78% -1.94% 9.95% 3.85% 5.70%
-8.05% 0.86% -6.42% -6.27% -4.55% -9.82% -0.49%
-8.17% -3.43% 0.09% 0.43% -1.86% 0.84% -0.84%
7.61% -1.18% 7.91% 10.34% 13.22% 12.29% 7.33%
1.34% -1.86% 0.21% -0.40% 1.48% -1.79% 7.96%
-4.95% -2.96% 2.19% -3.21% -1.50% 0.02% -1.22%
-10.94% -26.24% 1.66% 0.24% -4.76% -18.53% -4.59%
-7.74% 4.25% 0.73% 3.81% 0.45% -1.64% -1.31%
5.30% 9.96% 3.52% 6.76% 8.20% 8.07% 7.23%
4.44% 6.36% 3.52% 0.45% -5.46% 6.01% 0.89%
-2.86% 0.99% 0.54% 0.56% 3.79% -6.63% -1.33%
-6.67% -7.91% 8.07% 4.62% 4.20% 3.72% -2.89%
6.66% 6.41% 3.19% 1.83% -1.81% 2.88% 7.94%
6.49% 1.72% -4.82% 0.49% 2.12% -3.20% -3.03%
-4.56% -2.38% -0.35% -1.07% -3.57% 2.58% -3.63%
10.01% 3.65% -1.83% -6.40% -5.16% 7.80% -5.32%
20.73% 8.62% -4.13% 3.82% 4.67% 5.55% 5.88%
9.10% 2.79% 4.14% 4.49% 7.70% 4.88% 4.08%
-4.32% 3.06% -1.72% -2.08% -3.29% 4.85% 2.58%
7.86% 5.13% 7.61% 6.39% 3.72% 9.79% 5.19%
-7.42% -1.19% 2.56% 3.29% -1.40% -1.03% 1.32%
-2.61% 0.18% -0.87% 2.32% 1.47% 4.41% 6.73%
-5.77% -2.55% 3.80% 4.32% 2.59% 1.50% -1.67%
5.25% 9.06% 3.76% 2.40% 1.34% 6.02% 0.50%
1.53% 1.17% 0.32% -3.43% 1.81% 20.38% -2.51%
-0.71% 1.39% -0.26% 1.55% -5.55% -1.16% 0.18%
6.18% 4.94% -1.16% 3.27% 1.10% 6.49% 9.33%
2.21% 5.44% 6.98% 9.23% 8.41% 1.47% 1.35%
2.11% 2.65% -0.06% 5.47% 2.33% 7.04% 8.13%
3.15% 1.62% 0.89% -2.74% 0.05% 6.87% 5.76%
5.03% 0.09% -1.10% 6.23% 10.55% 18.37% 5.83%
-1.87% -1.57% -6.20% -6.17% -7.56% 2.19% -9.73%
-4.02% -4.43% -0.70% -6.44% -0.10% -9.47% -2.24%
-5.52% 5.70% -1.30% -12.16% -4.85% 1.72% 4.18%
-5.37% -0.08% -5.58% 1.45% -2.37% 5.43% 0.94%
24 25 26 27 28 29
XOM DJI
85.38 16563.30
85.83 17098.45
81.73 17042.90
84.04 17390.52
78.68 17828.24
81.50 17823.07
77.07 17164.95
78.05 18132.70
75.50 17776.12
77.60 17840.52
75.67 18010.68
74.51 17619.51
70.94 17689.86
67.38 16528.03
67.21 16284.70
74.79 17663.54
73.81 17719.92
71.08 17425.03
70.98 16466.30
73.08 16516.50
76.91 17685.09
81.34 17773.64
81.91 17787.20
86.97 17929.99
82.53 18432.24
80.85 18400.88
81.67 18308.15
77.96 18142.42
81.69 19123.58
85.21 19762.60
79.19 19864.09
76.77 20812.24
78.13 20663.22
77.78 20940.51
76.69 21008.65
77.63 21349.63
76.97 21891.12
73.40 21948.10
79.60 22405.09
80.93 23377.24
80.87 24272.35
81.96 24719.22
85.55 26149.39
74.22 25029.20
73.86 24103.11
76.97 24163.15
80.42 24415.84
30 31
XOM DJI
0.52% 3.18%
-4.90% -0.33%
2.79% 2.02%
-6.59% 2.49%
3.52% -0.03%
-5.59% -3.76%
1.27% 5.48%
-3.33% -1.99%
2.75% 0.36%
-2.52% 0.95%
-1.55% -2.20%
-4.91% 0.40%
-5.14% -6.79%
-0.26% -1.48%
10.69% 8.13%
-1.31% 0.32%
-3.78% -1.68%
-0.13% -5.66%
2.91% 0.30%
5.11% 6.84%
5.59% 0.50%
0.70% 0.08%
6.00% 0.80%
-5.25% 2.76%
-2.06% -0.17%
1.01% -0.51%
-4.64% -0.91%
4.67% 5.27%
4.22% 3.29%
-7.32% 0.51%
-3.11% 4.66%
1.76% -0.72%
-0.44% 1.33%
-1.42% 0.32%
1.23% 1.61%
-0.86% 2.50%
-4.75% 0.26%
8.11% 2.06%
1.66% 4.25%
-0.07% 3.76%
1.34% 1.82%
4.28% 5.62%
-14.20% -4.38%
-0.49% -3.77%
4.12% 0.25%
4.39% 1.04%
-0.13% 0.84%
4.58% 3.08%
-0.34 -0.07
0.95 0.50
-1.6% 10.1%
-1.5% 10.6%
15.9% 10.7%
2.52% 1.13%
15.9% 10.7%
- -
-35.23 3.65
10.7% 8.1%
-14.20% -6.79%
-191.43 17.69
51.1% 39.2%
48.9% 60.8%
-0.78% 0.00%
0.78 1.00
0.85 1.00
4.0% 0.0%
0.52 1.00
27.1% 100.0%
72.9% 0.0%
1.01% 0.00%
-4.09% 0.00%
- -
- -
0.78 1.00
0.52 1.00
27.1% 100.0%
- -
- -
- -
-0.13% 0.84%
-0.13% 0.84%
- -
0.037% 0.037%
0.663% 0.844%
-0.793% 0.000%
FRED Graph Observations
Federal Reserve Economic Data
Link: https://fred.stlouisfed.org
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Economic Research Division
Federal Reserve Bank of St. Louis
TB4WK 4-Week Treasury Bill: Secondary Market Rate, Percent, Monthly, Not Seasonally Adjusted
Frequency: Monthly
observation_date TB4WK
2014-06-01 0.02
2014-07-01 0.02
2014-08-01 0.03
2014-09-01 0.01
2014-10-01 0.02
2014-11-01 0.04
2014-12-01 0.03
2015-01-01 0.02
2015-02-01 0.02
2015-03-01 0.02
2015-04-01 0.02
2015-05-01 0.01
2015-06-01 0.00
2015-07-01 0.03
2015-08-01 0.03
2015-09-01 0.00
2015-10-01 0.01
2015-11-01 0.07
2015-12-01 0.17
2016-01-01 0.22
2016-02-01 0.25
2016-03-01 0.25
2016-04-01 0.19
2016-05-01 0.22
2016-06-01 0.22
2016-07-01 0.26
2016-08-01 0.26
2016-09-01 0.18
2016-10-01 0.24
2016-11-01 0.29
2016-12-01 0.41
2017-01-01 0.49
2017-02-01 0.47
2017-03-01 0.65
2017-04-01 0.73
2017-05-01 0.71
2017-06-01 0.82
2017-07-01 0.95
2017-08-01 0.96
2017-09-01 0.98
2017-10-01 0.98
2017-11-01 1.07
2017-12-01 1.18
2018-01-01 1.27
2018-02-01 1.36
2018-03-01 1.61
2018-04-01 1.63
2018-05-01 1.67
Promedio 0.4394
Rendimeinto mensual 0.0366
, Not Seasonally Adjusted