January

Asset class
Financial Institution
Engineering
Food & Allied
FUEL & POWER
TEXTILE
Pharmacuticals and chemicals
Cement
Tannery Industries
Ceramic Industry
Insurance

Company
Union Capital
National Tubes
BATBC
Jamuna Oil Com. Ltd.
Apex Spinning.
Libra Infusions Limited
Hiedelberg Cement Bd.
Apex Footwear Limited
Fu-Wang Ceramic
Phoenix Insurance

February
1

229.3
1384.25
699.3
313.3
1588.75
4150
3457.75
3808.75
520
128.6

176.9
873
549.9
201.4
1375
2850
2604.5
2733.75
290.75
68.3

March

April

May

June

217.8
1240.25
667.7
300.7
2036
4111.75
3246.25
3063.25
496
121.7

103.8
1059.5
589.7
265.4
1768
4276
3054.25
3071.25
461.75
112.5

93.1
963
628.1
261
1550
4145
3052.75
3016.75
411.75
89.6

2011
July
6

98
936.75
630.9
258.6
1423.5
4095
3040
3033
394.25
87.7

August
7

97.2
985.75
603.8
286.2
1310.75
4095
3028.5
3325
444.25
117.4

SeptemberOctober
8
9
10

88.3
942.5
590
283.6
1294
4220
3038.75
3255.5
436.5
105

78.8
923
614.7
261.6
1124.75
4353.5
3000
3167.75
408.25
93.6

58.2
678
578
213.7
773
2822.25
2605
2983.5
286.75
68.7

2012
November December January
February March
April
11
12
13
14
15
63.3
689.5
604.9
229.7
840
2970
2528.75
3032.5
450.5
77.4

60.5
65.4
626.3
179.2
111.6
343.5
255.9
295.6
41.7
82

46.1
45.7
560.5
160.4
94.1
290.6
168.9
243.8
34.8
68.2

47.1
46.9
636.9
184.2
103.4
297.8
193
227.5
37.8
74.4

50.4
59.2
584.7
220.7
102.2
317.2
211.8
253.6
39.3
78

May

June

16

17

18

44.1
71.3
592.3
264.4
93
275
214.5
282.1
36.2
76.8

40
62.3
605.2
245.2
77.9
294
234.7
260.4
32.7
70.9

37.2
63.9
600.4
248.6
76.1
293.5
238.7
266.6
31.8
62.3

2012
July

August
19
29.7
55
636.5
236.3
69.4
257
248.3
241.1
28.6
59.4

SeptemberOctober November December January

February
20
21
22
23
24
25
26

31.4
56.5
681.8
263.4
67.8
300.1
265.3
228.7
32.8
67.6

32.3
60
747.8
270.6
74.9
271.7
268.5
225.8
38
67.8

28.2
58.4
799.3
319.6
67.7
247.1
273.6
243.9
35.8
69.9

27.5
47.1
892.6
273
74.6
213.5
267.5
238.1
24
59.9

27.8
41.8
839.5
178.5
68.3
204.9
264.7
231.1
22.6
58

29.9
42.5
898
165.8
68.4
209.7
261.6
233.4
21.3
64.5

31
43.3
904.5
165.5
64.7
200
245.7
236.8
20.8
58.2

March

April

May

June

27

28

29

24.9
38.5
903.2
175
56
190
237.1
217.3
17.8
50.1

20
42.5
900.1
172.3
57.8
211
231.7
213.3
17.1
48.8

24.2
45.6
1001.1
190.5
66.8
213.7
270.1
231.1
20.3
44.8

2013
July
30

32.2
49.8
1065.3
229.1
61.7
237.5
335
251.4
19.5
42.1

August
31

31.4
62.9
1446.5
241
63.4
230
307.6
291.6
17.4
40.1

SeptemberOctober
32
33
34

27.6
75.1
1544.4
235.1
80
379.8
416.1
420
20.1
40.1

29.5
70.6
1561.8
227.2
73.3
529.8
378.4
367.3
19.3
40

27.1
64
1573
220.5
64.5
414
369.3
383.8
17.9
40.5

2014
November December January
February March
April
35
36
37
38
39
28.5
71.7
1661
243.3
67.9
390
382.8
375
21.2
42

34.6
71.6
1603.1
191.8
70.3
405
380.7
412.1
20.6
42

34
101
1929
216.8
75.1
484.2
424
531
20.2
53.8

29.1
123.9
2299.1
232.4
89.5
478.4
447.4
593.1
18.3
46.8

25.8
172.6
2305.1
225
95.8
496.2
421.9
439.5
17.8
43.9

May

June

40

41

42

25.4
157.3
2458.5
219.8
84
429
590.1
443.5
15.3
36.1

24.1
156
2354.3
217.2
79.7
449.8
522.8
338.3
14.9
35.8

22.4
158.4
2318.1
212.7
76.8
417.8
508.5
339
15.8
31.9

2014
July

August
43

19.2
152.8
2435.4
217.5
71.2
386
513.5
324
14.5
31.7

SeptemberOctober November December January

February
44
45
46
47
48
49
50

18.1
159.6
2737.1
219.8
64.9
416.7
493.9
369
15.7
34.8

22.8
153.2
2798
254.2
71.2
394
531.4
416.8
16.8
37.7

22.2
161.8
2743.3
252.7
72
401.6
520.5
477
16.1
38

21
114.2
2746.3
250
67.1
376.8
493.2
431.2
14.5
35.1

21.2
115.8
2650.3
205.9
69.1
373
499.4
443.5
14.6
35.1

19.8
95.2
2934.4
199.2
69.2
355.3
491.1
403.8
14.8
31.8

19.4
123.6
3062.7
205.1
70.4
388.3
504.2
418.8
14
30.6

March

April

May

June

51

52

53

16.2
109.1
3156.7
213.4
69.2
375.1
450.3
393
12.8
24

13.1
76.2
3111.6
178.5
64.5
324.3
463.3
348
10.6
20.3

14.7
95.8
2859.9
195.2
72.2
345
506.3
319.4
13
22.8

2015
July
54
16
106.2
3045
196.6
70.7
337.2
570.3
344.2
12.8
23.1

August
55

15.9
116.8
3020.1
203.5
71.5
346.4
635.4
336.5
13.1
23.4

SeptemberOctober
56
57
58

13.8
120.3
3067.1
201.2
75.5
401.7
602.9
378.2
12.9
23.1

15.2
125.3
2952.4
202.8
77.2
376.8
640.2
394
14
23.6

13.7
101.1
2942.8
194.1
74.4
323.1
603.5
368.6
13
23.5

November December
59
60
14.3
89
2910
181.5
73
285
566.2
320.7
12.5
23.5

14.5
99.7
2950.5
157.1
113.3
290.6
562.1
347.2
11.4
23.1

2011

2012

2013

2014

January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

Asset clas

Financial Institution

Company

Union Capital
Price
229.3
176.9
217.8
103.8
93.1
98
97.2
88.3
78.8
58.2
63.3
60.5
46.1
47.1
50.4
44.1
40
37.2
29.7
31.4
32.3
28.2
27.5
27.8
29.9
31
24.9
20
24.2
32.2
31.4
27.6
29.5
27.1
28.5
34.6
34
29.1
25.8
25.4
24.1

Cash

Stock

75%

10%

10%

5%

10%

Split/Right

2014

2015

June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

22.4
19.2
18.1
22.8
22.2
21
21.2
19.8
19.4
16.2
13.1
14.7
16
15.9
13.8
15.2
13.7
14.3
14.5

5%

7%

tution

Engineering

Food & Allied

al

National Tubes

BATBC

Adjusted Price Price

229.3 1384.25
176.9
873
381.15 1240.25
103.8
1059.5
93.1
963
98
936.75
97.2
985.75
88.3
942.5
78.8
923
58.2
678
63.3
689.5
60.5
65.4
46.1
45.7
56.52
46.9
50.4
59.2
44.1
71.3
40
62.3
37.2
63.9
29.7
55
31.4
56.5
32.3
60
28.2
58.4
27.5
47.1
27.8
41.8
29.9
42.5
31
43.3
26.145
38.5
20
42.5
24.2
45.6
32.2
49.8
31.4
62.9
27.6
75.1
29.5
70.6
27.1
64
28.5
71.7
34.6
71.6
34
101
29.1
123.9
28.38
172.6
25.4
157.3
24.1
156

Cash

10%

10%

Stock

Split/Right
Adjusted Price Price
1384.25
699.3
873
549.9
1240.25
667.7
1059.5
589.7
963
628.1
936.75
630.9
985.75
603.8
942.5
590
923
614.7
678
578
20%
827.4
604.9
65.4
626.3
45.7
560.5
46.9
636.9
59.2
584.7
71.3
592.3
62.3
605.2
63.9
600.4
55
636.5
56.5
681.8
60
747.8
58.4
799.3
51.81
892.6
41.8
839.5
42.5
898
43.3
904.5
38.5
903.2
42.5
900.1
45.6
1001.1
49.8
1065.3
62.9
1446.5
75.1
1544.4
70.6
1561.8
64
1573
78.87
1661
71.6
1603.1
101
1929
123.9
2299.1
172.6
2305.1
157.3
2458.5
156
2354.3

Cash

430%

50%

400%

22.4
19.2
18.1
22.8
22.2
21
21.2
19.8
19.4
18.144
13.1
14.7
16
15.9
13.8
15.2
13.7
14.3
14.5

158.4
152.8
159.6
153.2
161.8
114.2
115.8
95.2
123.6
109.1
76.2
95.8
106.2
116.8
120.3
125.3
101.1
89
99.7

20%

20%

10%

158.4
152.8
159.6
153.2
161.8
148.46
115.8
95.2
123.6
109.1
76.2
95.8
106.2
116.8
120.3
125.3
101.1
106.8
99.7

2318.1
2435.4
2737.1
2798
2743.3
2746.3
2650.3
2934.4
3062.7
3156.7
3111.6
2859.9
3045
3020.1
3067.1
2952.4
2942.8
2910
2950.5

100%

550%

Food & Allied

FUEL & POWER

BATBC

Jamuna Oil Com. Ltd.

Stock

Split/Right
Adjusted Price Price
699.3
313.3
549.9
201.4
3538.81
300.7
589.7
265.4
628.1
261
630.9
258.6
603.8
286.2
590
283.6
614.7
261.6
867
213.7
604.9
229.7
626.3
179.2
560.5
160.4
636.9
184.2
584.7
220.7
592.3
264.4
605.2
245.2
600.4
248.6
636.5
236.3
681.8
263.4
747.8
270.6
799.3
319.6
892.6
273
839.5
178.5
898
165.8
4522.5
165.5
903.2
175
900.1
172.3
1001.1
190.5
1065.3
229.1
1446.5
241
1544.4
235.1
1561.8
227.2
1573
220.5
1661
243.3
1603.1
191.8
1929
216.8
2299.1
232.4
2305.1
225
2458.5
219.8
2354.3
217.2

Cash

30%

30%

45%

90%

Stock

Split/Right
Adjusted Price
313.3
201.4
20%
451.05
265.4
261
258.6
286.2
283.6
261.6
213.7
229.7
30%
286.72
160.4
184.2
220.7
264.4
245.2
248.6
236.3
263.4
270.6
319.6
30%
477.75
178.5
165.8
165.5
175
172.3
190.5
229.1
241
235.1
227.2
220.5
243.3
10%
383.6
216.8
232.4
225
219.8
217.2

2318.1
2435.4
2737.1
2798
2743.3
5492.6
2650.3
2934.4
19907.55
3156.7
3111.6
2859.9
3045
3020.1
3067.1
2952.4
2942.8
2910
2950.5

212.7
217.5
219.8
254.2
252.7
250
205.9
199.2
205.1
213.4
178.5
195.2
196.6
203.5
201.2
202.8
194.1
181.5
157.1

90%

100%

10%

212.7
217.5
219.8
254.2
252.7
500
205.9
199.2
205.1
213.4
178.5
195.2
196.6
203.5
201.2
202.8
194.1
363
157.1

TEXTILE

Pharmacuticals and chemica

Apex Spinning.
Price
1588.75
1375
2036
1768
1550
1423.5
1310.75
1294
1124.75
773
840
111.6
94.1
103.4
102.2
93
77.9
76.1
69.4
67.8
74.9
67.7
74.6
68.3
68.4
64.7
56
57.8
66.8
61.7
63.4
80
73.3
64.5
67.9
70.3
75.1
89.5
95.8
84
79.7

Cash

18%

18%

Stock

Split/Right
Adjusted Price Price
1588.75
4150
1375
2850
2036 4111.75
1768
4276
1550
4145
1423.5
4095
1310.75
4095
1294
4220
1124.75
4353.5
773 2822.25
840
2970
111.6
343.5
94.1
290.6
103.4
297.8
102.2
317.2
93
275
77.9
294
76.1
293.5
81.892
257
67.8
300.1
74.9
271.7
67.7
247.1
74.6
213.5
68.3
204.9
68.4
209.7
64.7
200
56
190
57.8
211
66.8
213.7
61.7
237.5
74.812
230
80
379.8
73.3
529.8
64.5
414
67.9
390
70.3
405
75.1
484.2
89.5
478.4
95.8
496.2
84
429
79.7
449.8

Libra Infusions Limited

Cash

20%

20%

20%

Stock

76.8
71.2
64.9
71.2
72
67.1
69.1
69.2
70.4
69.2
64.5
72.2
70.7
71.5
75.5
77.2
74.4
73
113.3

20%

76.8
71.2
64.9
71.2
72
67.1
69.1
69.2
70.4
69.2
64.5
72.2
70.7
85.8
75.5
77.2
74.4
73
113.3

417.8
386
416.7
394
401.6
376.8
373
355.3
388.3
375.1
324.3
345
337.2
346.4
401.7
376.8
323.1
285
290.6

20%

als and chemicals

usions Limited
Split/Right
Adjusted Price
4150
2850
4111.75
4276
4145
4095
4095
4220
4353.5
3386.7
2970
343.5
290.6
297.8
317.2
275
294
293.5
257
300.1
271.7
296.52
213.5
204.9
209.7
200
190
211
213.7
237.5
230
379.8
529.8
496.8
390
405
484.2
478.4
496.2
429
449.8

Price
3457.75
2604.5
3246.25
3054.25
3052.75
3040
3028.5
3038.75
3000
2605
2528.75
255.9
168.9
193
211.8
214.5
234.7
238.7
248.3
265.3
268.5
273.6
267.5
264.7
261.6
245.7
237.1
231.7
270.1
335
307.6
416.1
378.4
369.3
382.8
380.7
424
447.4
421.9
590.1
522.8

Cement

Tannery

Hiedelberg Cement Bd.

Apex Footw

Cash

43%

45%

50%

380%

Stock

Split/Right
Adjusted Price
3457.75
2604.5
3246.25
4367.578
3052.75
3040
3028.5
3038.75
3000
2605
2528.75
255.9
168.9
193
211.8
311.025
234.7
238.7
248.3
265.3
268.5
273.6
267.5
264.7
261.6
245.7
237.1
347.55
270.1
335
307.6
416.1
378.4
369.3
382.8
380.7
424
447.4
421.9
2832.48
522.8

Price
3808.75
2733.75
3063.25
3071.25
3016.75
3033
3325
3255.5
3167.75
2983.5
3032.5
295.6
243.8
227.5
253.6
282.1
260.4
266.6
241.1
228.7
225.8
243.9
238.1
231.1
233.4
236.8
217.3
213.3
231.1
251.4
291.6
420
367.3
383.8
375
412.1
531
593.1
439.5
443.5
338.3

417.8
386
416.7
394
401.6
376.8
373
355.3
388.3
375.1
324.3
345
337.2
346.4
401.7
376.8
387.72
285
290.6

508.5
513.5
493.9
531.4
520.5
493.2
499.4
491.1
504.2
450.3
463.3
506.3
570.3
635.4
602.9
640.2
603.5
566.2
562.1

380%

508.5
513.5
493.9
531.4
520.5
493.2
499.4
491.1
504.2
450.3
2223.84
506.3
570.3
635.4
602.9
640.2
603.5
566.2
562.1

339
324
369
416.8
477
431.2
443.5
403.8
418.8
393
348
319.4
344.2
336.5
378.2
394
368.6
320.7
347.2

Tannery Industries

Ceramic Industry

Apex Footwear Limited

Fu-Wang Ceramic

Cash

40%

45%

50%

55%

Stock

Split/Right
Adjusted Price Price
3808.75
520
2733.75
290.75
4288.55
496
3071.25
461.75
3016.75
411.75
3033
394.25
3325
444.25
3255.5
436.5
3167.75
408.25
2983.5
286.75
3032.5
450.5
295.6
41.7
243.8
34.8
227.5
37.8
367.72
39.3
282.1
36.2
260.4
32.7
266.6
31.8
241.1
28.6
228.7
32.8
225.8
38
243.9
35.8
238.1
24
231.1
22.6
233.4
21.3
236.8
20.8
325.95
17.8
213.3
17.1
231.1
20.3
251.4
19.5
291.6
17.4
420
20.1
367.3
19.3
383.8
17.9
375
21.2
412.1
20.6
531
20.2
593.1
18.3
681.225
17.8
443.5
15.3
338.3
14.9

Cash

10%

10%

10%

Stock

Split/Right

55%

339
324
369
416.8
477
431.2
443.5
403.8
418.8
609.15
348
319.4
344.2
336.5
378.2
394
368.6
320.7
347.2

15.8
14.5
15.7
16.8
16.1
14.5
14.6
14.8
14
12.8
10.6
13
12.8
13.1
12.9
14
13
12.5
11.4

10%

10%

stry

Insurance

mic

Phoenix Insurance
Adjusted Price Price
520
128.6
290.75
68.3
496
121.7
461.75
112.5
411.75
89.6
394.25
87.7
444.25
117.4
436.5
105
408.25
93.6
315.425
68.7
450.5
77.4
41.7
82
34.8
68.2
37.8
74.4
39.3
78
36.2
76.8
32.7
70.9
31.8
62.3
28.6
59.4
32.8
67.6
38
67.8
39.38
69.9
24
59.9
22.6
58
21.3
64.5
20.8
58.2
17.8
50.1
17.1
48.8
20.3
44.8
19.5
42.1
17.4
40.1
20.1
40.1
19.3
40
19.69
40.5
21.2
42
20.6
42
20.2
53.8
18.3
46.8
17.8
43.9
15.3
36.1
14.9
35.8

Cash

15%

Stock

Split/Right
Adjusted Price
128.6
68.3
121.7
112.5
25%
89.6
87.7
117.4
105
93.6
68.7
77.4
82
68.2
74.4
78
76.8
25%
81.535
62.3
59.4
67.6
67.8
69.9
59.9
58
64.5
58.2
25%
50.1
48.8
44.8
42.1
40.1
40.1
40
40.5
42
42
53.8
46.8
43.9
36.1
35.8

15.8
14.5
15.7
16.8
17.71
14.5
14.6
14.8
14
12.8
10.6
13
12.8
13.1
12.9
14
14.3
12.5
11.4

31.9
31.7
34.8
37.7
38
35.1
35.1
31.8
30.6
24
20.3
22.8
23.1
23.4
23.1
23.6
23.5
23.5
23.1

18%

31.9
31.7
34.8
37.7
38
35.1
35.1
31.8
30.6
28.32
20.3
22.8
23.1
23.4
23.1
23.6
23.5
23.5
23.1

Asset clasFinancial

Institution

Company Union Capital

2011

2012

2013

2014

January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42

-0.2594465887
0.7676083973
-1.3007270277
-0.1087917864
0.0512932944
-0.0081967672
-0.0960306039
-0.1138271107
-0.3030276421
0.0839999744
-0.0452419641
-0.271830415
0.2037816078
-0.1146033827
-0.1335313926
-0.0975803283
-0.0725706928
-0.2251617155
0.0556608471
0.0282593373
-0.1357452523
-0.0251359733
0.010850016
0.0728224597
0.0361287241
-0.1703292368
-0.2679256941
0.1906203596
0.2856138194
-0.0251585596
-0.1289921202
0.0665744906
-0.0848565355
0.0503703594
0.1939495948
-0.0174931574
-0.1556223504
-0.0250535024
-0.1109354977
-0.0525373335
-0.0731508816

2014

2015

July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December

43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

Mean Return
Variance
Standard deviation

-0.1541506798
-0.0589983408
0.2308485977
-0.0266682471
-0.0555698512
0.009478744
-0.068319244
-0.0204088716
-0.0669331385
-0.3257276973
0.1152352636
0.0847412285
-0.006269613
-0.1416505171
0.0966268357
-0.103899595
0.0428637044
0.0138891122
-0.0467946193
0.0541452832
0.2326913906

Engineering Food & Allied FUEL & POWER

National Tubes BATBC
-0.4609781999
0.3511326953
-0.1575158735
-0.0954989659
-0.0276369741
0.0509863351
-0.0448668534
-0.0209066848
-0.3084819466
0.1991409661
-2.5377659956
-0.3584239606
0.0259193776
0.2329038664
0.1859747855
-0.1349349016
0.0253579356
-0.1499861762
0.0269074529
0.0601039241
-0.0270286724
-0.119732709
-0.2146868413
0.0166077364
0.0186485591
-0.1174943937
0.0988458346
0.0704036406
0.0881072675
0.2335311797
0.1772743951
-0.0617904143
-0.0981470611
0.2089178441
-0.0967058534
0.3440254429
0.2043542718
0.33150199
-0.0928219686
-0.0082988028
0.0152674721

-0.2403433912
1.8618093479
-1.7919318584
0.0630854565
0.0044479819
-0.0439043541
-0.0231204804
0.041011807
0.3439046329
-0.3599758217
0.0347663344
-0.111000247
0.1277834149
-0.0855137622
0.0129143681
0.0215457186
-0.0079628822
0.0583883182
0.0687519417
0.0923992028
0.0666007821
0.1104022076
-0.0613320757
0.0673635918
1.616650149
-1.6108762044
-0.0034381446
0.1063488062
0.0621570542
0.3058903958
0.06548864
0.0112035168
0.0071456218
0.0544352066
-0.0354805759
0.1850624792
0.1755160081
0.0026063174
0.0644273484
-0.0433079645
-0.0154955587

Jamuna Oil Com. Ltd.

-0.4418682177
0.8062852178
-0.5303400762
-0.0167177146
-0.009237941
0.1014084008
-0.0091260725
-0.0807481751
-0.2022434573
0.0722009474
0.2217320201
-0.5808354344
0.1383514284
0.1807821894
0.1806587947
-0.0753889039
0.013770975
-0.0507429949
0.1085716051
0.0269679264
0.1664284982
0.4020173692
-0.9844989819
-0.0738063585
-0.0018110479
0.0558147791
-0.0155488304
0.100415051
0.1845063949
0.050638344
-0.0247859779
-0.0341802687
-0.029932992
0.0983975549
0.4553050932
-0.5706250734
0.0694847554
-0.0323596228
-0.0233823602
-0.0118994539
-0.0209358659

-0.0359936026
0.0435408083
-0.0409264277
0.0546167473
-0.0860454429
-0.2484509966
-0.1958846233
0.2610706032
-0.1247856522
-0.3589034301
0.2289012223
0.1030614238
0.0951389616
0.0295255526
0.0407222389
-0.2146007359
0.0548478005
-0.0687922496

0.0493631295
0.1167879517
0.0220059105
-0.019743301
0.6942401565
-0.7287288906
0.1018301619
1.9145960537
-1.8415718786
-0.0143901148
-0.0843504042
0.062714242
-0.0082109577
0.0154425463
-0.0381140908
-0.0032568898
-0.0112084279
0.0138215663

0.0223161283
0.0105191914
0.1454033168
-0.0059183444
0.682405084
-0.8872174844
-0.0330812689
0.0291883199
0.0396706738
-0.1785797376
0.0894360728
0.0071465337
0.0344947972
-0.0113665667
0.0079208335
-0.0438467815
0.6260293441
-0.837520289

-0.0445889505
0.1369943193
0.3701274365

0.024400849
0.3481938862
0.5900795592

-0.0116996382
0.0992359387
0.3150173625

TEXTILE

Pharmacuticals and chemicals

Apex Spinning. Libra Infusions Limited

-0.1444938124
0.3925333676
-0.1411381345
-0.1315940333
-0.0851363032
-0.0825191353
-0.0128612964
-0.1401774073
-0.3750370191
0.0831228432
-2.0184808419
-0.1705630034
0.0942469155
-0.0116732843
-0.0943321846
-0.1771735403
-0.023377688
0.0733530411
-0.188839111
0.0995916956
-0.1010677106
0.0970543273
-0.0882307406
0.0014630581
-0.0556116231
-0.1444095108
0.0316370849
0.1447143049
-0.0794191496
0.192694369
0.0670483348
-0.0874660258
-0.1278953851
0.0513708108
0.0347357643
0.06604876
0.1754180665
0.0680240597
-0.1314458861
-0.052547213
-0.0370649456

-0.2833773703
0.2202597658
0.2967080236
-0.3581656838
-0.0041853083
-0.003790068
0.0033787992
-0.012833958
-0.1411796135
-0.0297075657
-2.2906936453
-0.4154799194
0.1333833651
0.0929522443
0.3842308616
-0.2815651919
0.0168994305
0.0394301592
0.0662235686
0.0119896528
0.0188162718
-0.0225476194
-0.0105224571
-0.0117804897
-0.0627053401
-0.0356292865
0.3824265465
-0.2521162787
0.215338271
-0.0853302942
0.3021253784
-0.0949737788
-0.0243425153
0.0359033377
-0.0055009962
0.1077217918
0.0537195938
-0.0586847299
1.9041396128
-1.6897089502
-0.0277337663

-0.0757118217
-0.0926451947
0.0926451947
0.0111733006
-0.070482075
0.0293706868
0.0014461318
0.0171924005
-0.0171924005
-0.0703356388
0.1127748221
-0.020994473
0.1935734336
-0.1278863502
0.0222668008
-0.0369435152
-0.0189965007
0.4395797269

0.0097848139
-0.0389169618
0.0731819658
-0.0207251453
-0.0538751168
0.0124926066
-0.0167596048
0.0263252417
-0.1130589874
1.597076683
-1.4798613314
0.1190331592
0.1080921837
-0.0525033763
0.060029282
-0.059034587
-0.0637986679
-0.0072676027

-0.0447570111
0.0845206367
0.290724331

-0.0307914169
0.2994248198
0.5471972403

Cement

Tannery Industries

Ceramic Industry

Hiedelberg Cement Bd. Apex Footwear Limited Fu-Wang Ceramic

-0.2833773703
0.2202597658
0.2967080236
-0.3581656838
-0.0041853083
-0.003790068
0.0033787992
-0.012833958
-0.1411796135
-0.0297075657
-2.2906936453
-0.4154799194
0.1333833651
0.0929522443
0.3842308616
-0.2815651919
0.0168994305
0.0394301592
0.0662235686
0.0119896528
0.0188162718
-0.0225476194
-0.0105224571
-0.0117804897
-0.0627053401
-0.0356292865
0.3824265465
-0.2521162787
0.215338271
-0.0853302942
0.3021253784
-0.0949737788
-0.0243425153
0.0359033377
-0.0055009962
0.1077217918
0.0537195938
-0.0586847299
1.9041396128
-1.6897089502
-0.0277337663

-0.3316267583
0.4502743875
-0.3338640356
-0.0179045519
0.0053721357
0.0919174454
-0.0211238004
-0.027324317
-0.0599244487
0.0162902539
-2.3281354517
-0.192658972
-0.0691979787
0.4801715406
-0.265060161
-0.0800427077
0.0235304974
-0.1005376226
-0.0528006842
-0.0127614493
0.0771086535
-0.0240675517
-0.0298402362
0.0099032026
0.0144621832
0.3195280924
-0.4240443699
0.0801508918
0.0841947789
0.148337704
0.3648717111
-0.1340757585
0.0439426307
-0.0231955576
0.0943400124
0.2534959829
0.1106009976
0.1385296292
-0.4291948463
-0.270764726
0.0020670316

-0.3316267583
0.4502743875
-0.3338640356
-0.0179045519
0.0053721357
0.0919174454
-0.0211238004
-0.027324317
-0.0599244487
0.0162902539
-2.3281354517
-0.192658972
-0.0691979787
0.4801715406
-0.265060161
-0.0800427077
0.0235304974
-0.1005376226
-0.0528006842
-0.0127614493
0.0771086535
-0.0240675517
-0.0298402362
0.0099032026
0.0144621832
0.3195280924
-0.4240443699
0.0801508918
0.0841947789
0.148337704
0.3648717111
-0.1340757585
0.0439426307
-0.0231955576
0.0943400124
0.2534959829
0.1106009976
0.1385296292
-0.4291948463
-0.270764726
0.0020670316

0.0097848139
-0.0389169618
0.0731819658
-0.0207251453
-0.0538751168
0.0124926066
-0.0167596048
0.0263252417
-0.1130589874
1.597076683
-1.4798613314
0.1190331592
0.1080921837
-0.0525033763
0.060029282
-0.059034587
-0.0637986679
-0.0072676027

-0.0452565916
0.1300531282
0.1218098464
0.1349100004
-0.1009444713
0.0281257822
-0.0937780959
0.0364737731
0.3746710638
-0.559862063
-0.085758244
0.074778648
-0.0226247347
0.1168250071
0.0409277531
-0.0666388641
-0.1392059385
0.0793948761

-0.0452565916
0.1300531282
0.1218098464
0.1349100004
-0.1009444713
0.0281257822
-0.0937780959
0.0364737731
0.3746710638
-0.559862063
-0.085758244
0.074778648
-0.0226247347
0.1168250071
0.0409277531
-0.0666388641
-0.1392059385
0.0793948761

-0.0307914169
0.2994248198
0.5471972403

-0.0405958533
0.1279734736
0.3577338028

-0.0405958533
0.1279734736
0.3577338028

Insurance
Phoenix Insurance
-0.6327970452
0.5776492334
-0.0786057783
-0.2275979017
-0.0214334206
0.291665008
-0.1116265572
-0.1149299667
-0.3092811843
0.1192375814
0.0577324667
-0.1842746824
0.087011377
0.0472528849
-0.0155041865
0.0598277358
-0.2690709501
-0.0476671994
0.1293137567
0.0029542119
0.0305034543
-0.1543891441
-0.0322334946
0.1062222133
-0.1027798691
-0.1498643466
-0.0262906952
-0.0855221734
-0.0621603987
-0.0486714064
0
-0.0024968802
0.01242252
0.0363676442
0
0.2476038489
-0.1393902642
-0.0639688828
-0.1956214547
-0.0083449719
-0.1153418836

-0.0062893289
0.0933007059
0.0800427077
0.0079260653
-0.0793850293
0
-0.0987348407
-0.0384662808
-0.0774317401
-0.3329473828
0.1161396499
0.0130720816
0.0129034048
-0.0129034048
0.0214140945
-0.0042462909
0
-0.0171678036
-0.0290995626
0.025291131
0.1590318554

number of periods

112

year
2011
2012
2013
2014
2015
monthly risk free return over last 5 years

YTM
6.00%
11.00%
11.45%
8.97%
8.17%
0.40705%

Company
Union Capital
National Tubes
BATBC
Jamuna Oil Com. Ltd.
Apex Spinning.
Libra Infusions Limited
Hiedelberg Cement Bd.
Apex Footwear Limited
Fu-Wang Ceramic
Phoenix Insurance

Weight
Mean ReturRF Return Excess Return

Union Capit
0.1
Covariance

-0.046795
-0.044589
0.024401
-0.0117
-0.044757
-0.030791
-0.030791
-0.040596
-0.040596
-0.0291

0.054145
0.016365
0.069966
0.03078
0.014212
-0.014203
-0.014203
0.020134
0.020134
0.018356

0.004071
0.004071
0.004071
0.004071
0.004071
0.004071
0.004071
0.004071
0.004071
0.004071

Portfolio
Portfolio
Portfolio
Portfolio
Theta

-0.050865
-0.048659
0.02033
-0.01577
-0.048828
-0.034862
-0.034862
-0.044666
-0.044666
-0.03317

R -0.029531
E -0.033602
V 0.05398
S 0.232337
-0.144626

National TuBATBC
Jamuna OilApex SpinnLibra Infus HiedelbergApex FootwFu-Wang Ce
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
CovarianceCovarianceCovarianceCovarianceCovarianceCovarianceCovarianceCovariance
0.016365
0.136994
0.035629
0.011829
0.096336
0.090649
0.090649
0.114623
0.114623
0.01311

0.069966
0.035629
0.348194
0.060721
0.018778
0.006554
0.006554
0.006374
0.006374
0.022638

0.03078
0.011829
0.060721
0.099236
-0.002529
-0.009083
-0.009083
0.003238
0.003238
0.014722

0.014212
0.096336
0.018778
-0.002529
0.084521
0.074771
0.074771
0.086732
0.086732
0.005894

-0.014203
0.090649
0.006554
-0.009083
0.074771
0.299425
0.299425
0.071353
0.071353
-0.011944

-0.014203
0.090649
0.006554
-0.009083
0.074771
0.299425
0.299425
0.071353
0.071353
-0.011944

0.020134
0.114623
0.006374
0.003238
0.086732
0.071353
0.071353
0.127973
0.127973
0.011059

0.020134
0.114623
0.006374
0.003238
0.086732
0.071353
0.071353
0.127973
0.127973
0.011059

Phoenix Insurance
0.1
1
CovarianceWeight
0.018356
0.01311
0.022638
0.014722
0.005894
-0.011944
-0.011944
0.011059
0.011059
0.025291

0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1

Weight
Mean Return

RF Return

Company
Union Capital
-0.0467946193
National Tubes
-0.0445889505
BATBC
0.024400849
Jamuna Oil Com. Ltd. -0.0116996382
Apex Spinning.
-0.0447570111
Libra Infusions Limited -0.0307914169
Hiedelberg Cement Bd. -0.0307914169
Apex Footwear Limited -0.0405958533
Fu-Wang Ceramic
-0.0405958533
Phoenix Insurance
-0.0290995626

Excess Return
0.0040705357 -0.050865155
0.0040705357 -0.0486594862
0.0040705357 0.0203303133
0.0040705357 -0.0157701739
0.0040705357 -0.0488275468
0.0040705357 -0.0348619526
0.0040705357 -0.0348619526
0.0040705357 -0.0446663891
0.0040705357 -0.0446663891
0.0040705357 -0.0331700983

Portfolio
Portfolio
Portfolio
Portfolio
Theta

Return
Excess Return
Variance
Standard deviation

0.0106028891
0.0065323534
0.0609586582
0.2468980725
0.026457693

Union Capital
0.00%
Covariance
0.0541452832
0.016364509
0.0699662769
0.0307797299
0.0142115872
-0.0142026591
-0.0142026591
0.0201343573
0.0201343573
0.0183557017

National Tubes
BATBC
Jamuna Oil Com. Ltd.
20.00%
80.00%
0.00%
Covariance
Covariance
Covariance
0.016364509
0.1369943193
0.0356291632
0.0118285757
0.0963356828
0.0906491228
0.0906491228
0.1146225078
0.1146225078
0.0131100419

0.0699662769
0.0356291632
0.3481938862
0.060721119
0.0187780124
0.006554215
0.006554215
0.0063736641
0.0063736641
0.0226376235

0.0307797299
0.0118285757
0.060721119
0.0992359387
-0.0025294857
-0.0090830083
-0.0090830083
0.003238387
0.003238387
0.0147224217

Apex Spinning.
Libra Infusions Limited Hiedelberg Cement Bd.Apex Footwear Limited
0.00%
0.00%
0.00%
0.00%
Covariance
Covariance
Covariance
Covariance
0.0142115872
0.0963356828
0.0187780124
-0.0025294857
0.0845206367
0.0747708468
0.0747708468
0.0867315313
0.0867315313
0.0058935672

-0.0142026591
0.0906491228
0.006554215
-0.0090830083
0.0747708468
0.2994248198
0.2994248198
0.0713533503
0.0713533503
-0.0119438938

-0.0142026591
0.0906491228
0.006554215
-0.0090830083
0.0747708468
0.2994248198
0.2994248198
0.0713533503
0.0713533503
-0.0119438938

0.0201343573
0.1146225078
0.0063736641
0.003238387
0.0867315313
0.0713533503
0.0713533503
0.1279734736
0.1279734736
0.0110591718

Fu-Wang Ceramic Phoenix Insurance

0.00%
0.00%
Covariance
Covariance
Weight
0.0201343573
0.1146225078
0.0063736641
0.003238387
0.0867315313
0.0713533503
0.0713533503
0.1279734736
0.1279734736
0.0110591718

0.0183557017
0.0131100419
0.0226376235
0.0147224217
0.0058935672
-0.0119438938
-0.0119438938
0.0110591718
0.0110591718
0.025291131

100%

0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1