Date Close return

1/1/2000 3.705357
2/1/2000 4.09375 10.48%
3/1/2000 4.850446 18.48%
4/1/2000 4.430804 -8.65%
5/1/2000 3 -32.29%
6/1/2000 3.741071 24.70%
7/1/2000 3.629464 -2.98%
8/1/2000 4.352679 19.93%
9/1/2000 1.839286 -57.74%
10/1/2000 1.397321 -24.03%
11/1/2000 1.178571 -15.65%
12/1/2000 1.0625 -9.85%
1/1/2001 1.544643 45.38%
2/1/2001 1.303571 -15.61%
3/1/2001 1.576429 20.93%
4/1/2001 1.820714 15.50%
5/1/2001 1.425 -21.73%
6/1/2001 1.660714 16.54%
7/1/2001 1.342143 -19.18%
8/1/2001 1.325 -1.28%
9/1/2001 1.107857 -16.39%
10/1/2001 1.254286 13.22%
11/1/2001 1.521429 21.30%
12/1/2001 1.564286 2.82%
1/1/2002 1.765714 12.88%
2/1/2002 1.55 -12.22%
3/1/2002 1.690714 9.08%
4/1/2002 1.733571 2.53%
5/1/2002 1.664286 -4.00%
6/1/2002 1.265714 -23.95%
7/1/2002 1.09 -13.88%
8/1/2002 1.053571 -3.34%
9/1/2002 1.035714 -1.69%
10/1/2002 1.147857 10.83%
11/1/2002 1.107143 -3.55%
12/1/2002 1.023571 -7.55%
1/1/2003 1.025714 0.21%
2/1/2003 1.072143 4.53%
3/1/2003 1.01 -5.80%
4/1/2003 1.015714 0.57%
5/1/2003 1.282143 26.23%
6/1/2003 1.361429 6.18%
7/1/2003 1.505714 10.60%
8/1/2003 1.615 7.26%
9/1/2003 1.48 -8.36%
10/1/2003 1.635 10.47%
11/1/2003 1.493571 -8.65%
12/1/2003 1.526429 2.20%
1/1/2004 1.611429 5.57%
2/1/2004 1.708571 6.03%
3/1/2004 1.931429 13.04%
4/1/2004 1.841429 -4.66%
5/1/2004 2.004286 8.84%
6/1/2004 2.324286 15.97%
7/1/2004 2.31 -0.61%
8/1/2004 2.463571 6.65%
9/1/2004 2.767857 12.35%
10/1/2004 3.742857 35.23%
11/1/2004 4.789286 27.96%
12/1/2004 4.6 -3.95%
1/1/2005 5.492857 19.41%
2/1/2005 6.408571 16.67%
3/1/2005 5.952857 -7.11%
4/1/2005 5.151429 -13.46%
5/1/2005 5.68 10.26%
6/1/2005 5.258572 -7.42%
7/1/2005 6.092857 15.87%
8/1/2005 6.698571 9.94%
9/1/2005 7.658571 14.33%
10/1/2005 8.227143 7.42%
11/1/2005 9.688571 17.76%
12/1/2005 10.27 6.00%
1/1/2006 10.787143 5.04%
2/1/2006 9.784286 -9.30%
3/1/2006 8.96 -8.42%
4/1/2006 10.055715 12.23%
5/1/2006 8.538571 -15.09%
6/1/2006 8.181429 -4.18%
7/1/2006 9.708571 18.67%
8/1/2006 9.692857 -0.16%
9/1/2006 10.997143 13.46%
10/1/2006 11.582857 5.33%
11/1/2006 13.094286 13.05%
12/1/2006 12.12 -7.44%
1/1/2007 12.247143 1.05%
2/1/2007 12.087143 -1.31%
3/1/2007 13.272857 9.81%
4/1/2007 14.257143 7.42%
5/1/2007 17.312857 21.43%
6/1/2007 17.434286 0.70%
7/1/2007 18.822857 7.96%
8/1/2007 19.782858 5.10%
9/1/2007 21.924286 10.82%
10/1/2007 27.135714 23.77%
11/1/2007 26.031429 -4.07%
12/1/2007 28.297142 8.70%
1/1/2008 19.337143 -31.66%
2/1/2008 17.860001 -7.64%
3/1/2008 20.5 14.78%
4/1/2008 24.85 21.22%
5/1/2008 26.964285 8.51%
6/1/2008 23.92 -11.29%
7/1/2008 22.707144 -5.07%
8/1/2008 24.218571 6.66%
9/1/2008 16.237143 -32.96%
10/1/2008 15.37 -5.34%
11/1/2008 13.238571 -13.87%
12/1/2008 12.192857 -7.90%
1/1/2009 12.875714 5.60%
2/1/2009 12.758572 -0.91%
3/1/2009 15.017143 17.70%
4/1/2009 17.975714 19.70%
5/1/2009 19.401428 7.93%
6/1/2009 20.347143 4.87%
7/1/2009 23.341429 14.72%
8/1/2009 24.030001 2.95%
9/1/2009 26.478571 10.19%
10/1/2009 26.928572 1.70%
11/1/2009 28.558571 6.05%
12/1/2009 30.104286 5.41%
1/1/2010 27.437143 -8.86%
2/1/2010 29.231428 6.54%
3/1/2010 33.57143 14.85%
4/1/2010 37.298573 11.10%
5/1/2010 36.697144 -1.61%
6/1/2010 35.932858 -2.08%
7/1/2010 36.75 2.27%
8/1/2010 34.728573 -5.50%
9/1/2010 40.535713 16.72%
10/1/2010 42.997143 6.07%
11/1/2010 44.450001 3.38%
12/1/2010 46.080002 3.67%
1/1/2011 48.474285 5.20%
2/1/2011 50.458572 4.09%
3/1/2011 49.787144 -1.33%
4/1/2011 50.01857 0.46%
5/1/2011 49.689999 -0.66%
6/1/2011 47.952858 -3.50%
7/1/2011 55.782856 16.33%
8/1/2011 54.975716 -1.45%
 9/1/2011 54.474285 -0.91%
10/1/2011 57.825714 6.15%
11/1/2011 54.599998 -5.58%
12/1/2011 57.857143 5.97%
1/1/2012 65.211426 12.71%
2/1/2012 77.491432 18.83%
3/1/2012 85.650002 10.53%
4/1/2012 83.425713 -2.60%
5/1/2012 82.53286 -1.07%
6/1/2012 83.428574 1.09%
7/1/2012 87.251427 4.58%
8/1/2012 95.034286 8.92%
9/1/2012 95.300003 0.28%
10/1/2012 85.045715 -10.76%
11/1/2012 83.611427 -1.69%
12/1/2012 76.024284 -9.07%
1/1/2013 65.07 -14.41%
2/1/2013 63.057144 -3.09%
3/1/2013 63.237144 0.29%
4/1/2013 63.254284 0.03%
5/1/2013 64.247147 1.57%
6/1/2013 56.647144 -11.83%
7/1/2013 64.647141 14.12%
8/1/2013 69.602859 7.67%
9/1/2013 68.10714 -2.15%
10/1/2013 74.671425 9.64%
11/1/2013 79.438568 6.38%
12/1/2013 80.145714 0.89%
1/1/2014 71.514282 -10.77%
2/1/2014 75.177139 5.12%
3/1/2014 76.677139 2.00%
4/1/2014 84.298569 9.94%
5/1/2014 90.428574 7.27%
6/1/2014 92.93 2.77%
7/1/2014 95.599998 2.87%
8/1/2014 102.5 7.22%
9/1/2014 100.75 -1.71%
10/1/2014 108 7.20%
11/1/2014 118.93 10.12%
12/1/2014 110.379997 -7.19%
1/1/2015 117.160004 6.14%
2/1/2015 128.460007 9.64%
3/1/2015 124.43 -3.14%
4/1/2015 125.150002 0.58%
5/1/2015 130.279999 4.10%
6/1/2015 125.43 -3.72%
7/1/2015 121.300003 -3.29%
 8/1/2015 112.919998 -6.91%
9/1/2015 110.300003 -2.32%
10/1/2015 119.5 8.34%
11/1/2015 118.300003 -1.00%
12/1/2015 105.260002 -11.02%
1/1/2016 97.339996 -7.52%
2/1/2016 96.690002 -0.67%
3/1/2016 108.989998 12.72%
4/1/2016 93.739998 -13.99%
5/1/2016 99.860001 6.53%
6/1/2016 95.599998 -4.27%
7/1/2016 104.209999 9.01%
8/1/2016 106.099998 1.81%
9/1/2016 113.050003 6.55%
10/1/2016 113.540001 0.43%
11/1/2016 110.519997 -2.66%
12/1/2016 115.82 4.80%
1/1/2017 121.349998 4.77%
2/1/2017 136.990005 12.89%
3/1/2017 143.660004 4.87%
4/1/2017 143.649994 -0.01%
5/1/2017 152.759995 6.34%
6/1/2017 144.020004 -5.72%
7/1/2017 148.729996 3.27%
8/1/2017 164 10.27%
8/31/2017 164 0.00%

Average 3%
Variance 1%
standard deviation 12%
 RETURN RETURN
Date Motorola Apple Sony Samsung return A b RETURN D C
2/1/2000 207.4341 3.705357 156.75 256000
3/1/2000 176.0778 4.09375 140.0625 335000 -15% 10% -11% 31%
4/1/2000 143.5155 4.850446 112.8125 300000 -18% 18% -19% -10%
5/1/2000 113.0637 4.430804 91.1875 308000 -21% -9% -19% 3%
6/1/2000 109.6718 3 94.3125 369000 -3% -32% 3% 20%
7/1/2000 120.2998 3.741071 93.9375 295000 10% 25% 0% -20%
8/1/2000 131.1539 3.629464 114.25 273500 9% -3% 22% -7%
9/1/2000 104.697 4.352679 100.9375 202000 -20% 20% -12% -26%
10/1/2000 90.22481 1.839286 83 142500 -14% -58% -18% -29%
11/1/2000 72.58688 1.397321 74.5 162000 -20% -24% -10% 14%
12/1/2000 73.26526 1.178571 69.5 158000 1% -16% -7% -2%
1/1/2001 82.52744 1.0625 73.55 220000 13% -10% 6% 39%
2/1/2001 54.88563 1.544643 71.51 187000 -33% 45% -3% -15%
3/1/2001 51.59321 1.303571 72.25 208000 -6% -16% 1% 11%
4/1/2001 56.26048 1.576429 76.65 229000 9% 21% 6% 10%
5/1/2001 53.18515 1.820714 78.1 212000 -5% 15% 2% -7%
6/1/2001 59.9147 1.425 65.8 192000 13% -22% -16% -9%
7/1/2001 67.62112 1.660714 49.52 189500 13% 17% -25% -1%
8/1/2001 62.95385 1.342143 44.9 190000 -7% -19% -9% 0%
9/1/2001 56.44138 1.325 33.2 140500 -10% -1% -26% -26%
10/1/2001 59.22727 1.107857 38.2 173500 5% -16% 15% 23%
11/1/2001 59.84234 1.254286 47.7 218000 1% 13% 25% 26%
12/1/2001 54.34292 1.521429 45.1 279000 -9% 21% -5% 28%
1/1/2002 48.15608 1.564286 44.76 303000 -11% 3% -1% 9%
2/1/2002 47.03449 1.765714 46.2 343000 -2% 13% 3% 13%
3/1/2002 51.37613 1.55 51.7 368000 9% -12% 12% 7%
4/1/2002 55.71778 1.690714 54.2 382000 8% 9% 5% 4%
5/1/2002 57.85242 1.733571 58.11 342000 4% 3% 7% -10%
6/1/2002 52.78717 1.664286 53.1 329000 -9% -4% -9% -4%
7/1/2002 41.96923 1.265714 45.33 332500 -20% -24% -15% 1%
8/1/2002 43.41645 1.09 43.51 331000 3% -14% -4% 0%
9/1/2002 36.83162 1.053571 41.1 298500 -15% -3% -6% -10%
10/1/2002 33.1774 1.035714 43.24 345000 -10% -2% 5% 16%
11/1/2002 40.66674 1.147857 44.35 387000 23% 11% 3% 12%
12/1/2002 31.29602 1.107143 41.31 314000 -23% -4% -7% -19%
1/1/2003 28.87194 1.023571 39.95 291500 -8% -8% -3% -7%
2/1/2003 30.46388 1.025714 37.97 279500 6% 0% -5% -4%
3/1/2003 29.88499 1.072143 35.13 284000 -2% 5% -7% 2%
4/1/2003 28.61868 1.01 24.74 305000 -4% -6% -30% 7%
5/1/2003 30.82568 1.015714 27.34 324000 8% 1% 11% 6%
6/1/2003 34.11809 1.282143 28 355000 11% 26% 2% 10%
7/1/2003 32.70706 1.361429 31.2 416000 -4% 6% 11% 17%
 8/1/2003 38.82154 1.505714 32.95 435000 19% 11% 6% 5%
9/1/2003 43.23555 1.615 34.8 392000 11% 7% 6% -10%
10/1/2003 48.95205 1.48 35.2 470000 13% -8% 1% 20%
11/1/2003 50.79725 1.635 34.35 465000 4% 10% -2% -1%
12/1/2003 50.65252 1.493571 34.67 451000 0% -9% 1% -3%
1/1/2004 59.98706 1.526429 40.65 524000 18% 2% 17% 16%
2/1/2004 66.75279 1.611429 40.94 545000 11% 6% 1% 4%
3/1/2004 63.67746 1.708571 41.81 572000 -5% 6% 2% 5%
4/1/2004 66.02918 1.931429 38.4 557000 4% 13% -8% -3%
5/1/2004 71.5286 1.841429 36.87 506000 8% -5% -4% -9%
6/1/2004 66.02918 2.004286 38.05 477000 -8% 9% 3% -6%
7/1/2004 57.63534 2.324286 34.65 417000 -13% 16% -9% -13%
8/1/2004 58.43131 2.31 34.67 451000 1% -1% 0% 8%
9/1/2004 65.2694 2.463571 34.39 458000 12% 7% -1% 2%
10/1/2004 62.44733 2.767857 34.85 439500 -4% 12% 1% -4%
11/1/2004 69.6834 3.742857 36.36 434500 12% 35% 4% -1%
12/1/2004 69.531 4.789286 38.96 450500 0% 28% 7% 4%
1/1/2005 63.62895 4.6 37.02 495000 -8% -4% -5% 10%
2/1/2005 63.30555 5.492857 37.79 527000 -1% 19% 2% 6%
3/1/2005 60.51622 6.408571 40.02 502000 -4% 17% 6% -5%
4/1/2005 62.01195 5.952857 36.71 452000 2% -7% -8% -10%
5/1/2005 70.21823 5.151429 37.27 489000 13% -13% 2% 8%
6/1/2005 73.81605 5.68 34.44 494000 5% 10% -8% 1%
7/1/2005 85.62015 5.258572 32.51 565000 16% -7% -6% 14%
8/1/2005 88.4499 6.092857 33.62 544000 3% 16% 3% -4%
9/1/2005 89.05627 6.698571 33.19 588000 1% 10% -1% 8%
10/1/2005 89.5818 7.658571 32.8 553000 1% 14% -1% -6%
11/1/2005 97.38383 8.227143 37.01 600000 9% 7% 13% 8%
12/1/2005 91.32008 9.688571 40.8 659000 -6% 18% 10% 10%
1/1/2006 91.80518 10.27 48.9 740000 1% 6% 20% 12%
2/1/2006 86.5095 10.78714 46.88 687000 -6% 5% -4% -7%
3/1/2006 92.61368 9.784286 46.07 630000 7% -9% -2% -8%
4/1/2006 86.30737 8.96 48.94 644000 -7% -8% 6% 2%
5/1/2006 85.25633 10.05572 45.17 622000 -1% 12% -8% -3%
6/1/2006 81.45637 8.538571 44.04 603000 -4% -15% -3% -3%
7/1/2006 92.0073 8.181429 45.99 608000 13% -4% 4% 1%
8/1/2006 94.51365 9.708571 43.41 650000 3% 19% -6% 7%
9/1/2006 101.0625 9.692857 40.36 664000 7% 0% -7% 2%
10/1/2006 93.22005 10.99714 40.98 611000 -8% 13% 2% -8%
11/1/2006 89.62223 11.58286 39.41 640000 -4% 5% -4% 5%
12/1/2006 83.1138 13.09429 42.83 613000 -7% 13% 9% -4%
1/1/2007 80.24362 12.12 46.33 580000 -3% -7% 8% -5%
2/1/2007 74.8671 12.24714 51.73 570000 -7% 1% 12% -2%
3/1/2007 71.43098 12.08714 50.49 563000 -5% -1% -2% -1%
 4/1/2007 70.05653 13.27286 53.26 574000 -2% 10% 5% 2%
5/1/2007 73.53307 14.25714 57.7 535000 5% 7% 8% -7%
6/1/2007 71.55225 17.31286 51.37 566000 -3% 21% -11% 6%
7/1/2007 68.68208 17.43429 52.74 614000 -4% 1% 3% 8%
8/1/2007 68.52038 18.82286 47.78 591000 0% 8% -9% -4%
9/1/2007 74.90752 19.78286 48.06 575000 9% 5% 1% -3%
10/1/2007 75.95857 21.92429 49.46 550000 1% 11% 3% -4%
11/1/2007 64.55872 27.13571 53.97 565000 -15% 24% 9% 3%
12/1/2007 64.8417 26.03143 54.3 576000 0% -4% 1% 2%
1/1/2008 46.48875 28.29714 47.5 595000 -28% 9% -13% 3%
2/1/2008 40.30373 19.33714 47.21 560000 -13% -32% -1% -6%
3/1/2008 37.59525 17.86 40.07 623000 -7% -8% -15% 11%
4/1/2008 40.2633 20.5 45.79 711000 7% 15% 14% 14%
5/1/2008 37.71653 24.85 50.39 741000 -6% 21% 10% 4%
6/1/2008 29.67195 26.96429 43.74 625000 -21% 9% -13% -16%
7/1/2008 34.9272 23.92 37.67 564000 18% -11% -14% -10%
8/1/2008 38.08035 22.70714 38.2 516000 9% -5% 1% -9%
9/1/2008 28.86345 24.21857 30.87 539000 -24% 7% -19% 4%
10/1/2008 21.70823 16.23714 23.24 527000 -25% -33% -25% -2%
11/1/2008 17.42318 15.37 19.38 486000 -20% -5% -17% -8%
12/1/2008 17.90828 13.23857 21.87 451000 3% -14% 13% -7%
1/1/2009 17.90828 12.19286 19.22 489000 0% -8% -12% 8%
2/1/2009 14.2296 12.87571 16.56 477000 -21% 6% -14% -2%
3/1/2009 17.09978 12.75857 20.63 568000 20% -1% 25% 19%
4/1/2009 22.35502 15.01714 25.86 592000 31% 18% 25% 4%
5/1/2009 24.49755 17.97571 26.23 558000 10% 20% 1% -6%
6/1/2009 26.80178 19.40143 25.86 592000 9% 8% -1% 6%
7/1/2009 28.9443 20.34714 27.96 724000 8% 5% 8% 22%
8/1/2009 29.02515 23.34143 26.74 771000 0% 15% -4% 6%
9/1/2009 34.72508 24.03 29.2 815000 20% 3% 9% 6%
10/1/2009 34.64423 26.47857 29.39 723000 0% 10% 1% -11%
11/1/2009 32.38042 26.92857 26.69 720000 -7% 2% -9% 0%
12/1/2009 31.3698 28.55857 29 799000 -3% 6% 9% 11%
1/1/2010 24.86138 30.10429 33.23 784000 -21% 5% 15% -2%
2/1/2010 27.3273 27.43714 34.11 744000 10% -9% 3% -5%
3/1/2010 28.37835 29.23143 38.32 818000 4% 7% 12% 10%
4/1/2010 28.58048 33.57143 34.22 849000 1% 15% -11% 4%
5/1/2010 27.69113 37.29857 30.78 776000 -3% 11% -10% -9%
6/1/2010 26.3571 36.69714 26.68 774000 -5% -2% -13% 0%
7/1/2010 30.27832 35.93286 31.22 810000 15% -2% 17% 5%
8/1/2010 30.3996 36.75 27.99 756000 0% 2% -10% -7%
9/1/2010 34.48253 34.72857 30.92 777000 13% -6% 10% 3%
10/1/2010 32.9868 40.53571 33.84 745000 -4% 17% 9% -4%
11/1/2010 30.96555 42.99714 35.48 826000 -6% 6% 5% 11%
12/1/2010 36.66547 44.45 35.71 949000 18% 3% 1% 15%
1/1/2011 38.77 46.08 34.34 981000 6% 4% -4% 3%
2/1/2011 38.64 48.47429 36.84 923000 0% 5% 7% -6%
3/1/2011 44.69 50.45857 31.83 932000 16% 4% -14% 1%
4/1/2011 45.88 49.78714 28.31 893000 3% -1% -11% -4%
5/1/2011 47.87 50.01857 26.74 902000 4% 0% -6% 1%
6/1/2011 46.04 49.69 26.39 826000 -4% -1% -1% -8%
7/1/2011 44.89 47.95286 25.1 844000 -2% -3% -5% 2%
8/1/2011 42.09 55.78286 21.95 744000 -6% 16% -13% -12%
9/1/2011 41.9 54.97572 19 840000 0% -1% -13% 13%
10/1/2011 46.91 54.47429 20.97 968000 12% -1% 10% 15%
11/1/2011 46.67 57.82571 18.05 1004000 -1% 6% -14% 4%
12/1/2011 46.29 54.6 18.04 1058000 -1% -6% 0% 5%
1/1/2012 46.41 57.85714 18.22 1107000 0% 6% 1% 5%
2/1/2012 49.8 65.21143 21.39 1206000 7% 13% 17% 9%
3/1/2012 50.83 77.49143 20.77 1275000 2% 19% -3% 6%
4/1/2012 51.03 85.65 16.21 1390000 0% 11% -22% 9%
5/1/2012 48.08 83.42571 13.24 1211000 -6% -3% -18% -13%
6/1/2012 48.11 82.53286 14.24 1201000 0% -1% 8% -1%
7/1/2012 48.34 83.42857 12.15 1309000 0% 1% -15% 9%
8/1/2012 47.66 87.25143 11.31 1233000 -1% 5% -7% -6%
9/1/2012 50.55 95.03429 11.7 1346000 6% 9% 3% 9%
10/1/2012 51.68 95.3 11.74 1310000 2% 0% 0% -3%
11/1/2012 54.45 85.04572 9.74 1406000 5% -11% -17% 7%
12/1/2012 55.68 83.61143 11.2 1522000 2% -2% 15% 8%
1/1/2013 58.39 76.02428 14.94 1448000 5% -9% 33% -5%
2/1/2013 62.21 65.07 14.58 1544000 7% -14% -2% 7%
3/1/2013 64.03 63.05714 17.4 1527000 3% -3% 19% -1%
4/1/2013 57.2 63.23714 16.43 1520000 -11% 0% -6% 0%
5/1/2013 57.96 63.25428 20.15 1538000 1% 0% 23% 1%
6/1/2013 57.73 64.24715 21.19 1342000 0% 2% 5% -13%
7/1/2013 54.83 56.64714 21.04 1280000 -5% -12% -1% -5%
8/1/2013 56.01 64.64714 19.96 1368000 2% 14% -5% 7%
9/1/2013 59.38 69.60286 21.52 1367000 6% 8% 8% 0%
10/1/2013 62.52 68.10714 17.25 1465000 5% -2% -20% 7%
11/1/2013 65.88 74.67143 18.3 1494000 5% 10% 6% 2%
12/1/2013 67.5 79.43857 17.29 1372000 2% 6% -6% -8%
1/1/2014 63.8 80.14571 15.75 1280000 -5% 1% -9% -7%
2/1/2014 66.2 71.51428 17.55 1349000 4% -11% 11% 5%
3/1/2014 64.29 75.17714 19.12 1343000 -3% 5% 9% 0%
4/1/2014 63.58 76.67714 17.64 1343000 -1% 2% -8% 0%
5/1/2014 67.42 84.29857 16.18 1443000 6% 10% -8% 7%
6/1/2014 66.57 90.42857 16.77 1322000 -1% 7% 4% -8%
7/1/2014 63.68 92.93 18.43 1343000 -4% 3% 10% 2%
 8/1/2014 59.4 95.6 19.11 1234000 -7% 3% 4% -8%
9/1/2014 63.28 102.5 18.04 1184000 7% 7% -6% -4%
10/1/2014 64.5 100.75 19.82 1244000 2% -2% 10% 5%
11/1/2014 65.72 108 21.99 1287000 2% 7% 11% 3%
12/1/2014 67.08 118.93 20.47 1327000 2% 10% -7% 3%
1/1/2015 62.41 110.38 23.29 1365000 -7% -7% 14% 3%
2/1/2015 67.94 117.16 28.32 1357000 9% 6% 22% -1%
3/1/2015 66.67 128.46 26.78 1441000 -2% 10% -5% 6%
4/1/2015 59.75 124.43 30.23 1410000 -10% -3% 13% -2%
5/1/2015 59 125.15 30.92 1307000 -1% 1% 2% -7%
6/1/2015 57.34 130.28 28.39 1268000 -3% 4% -8% -3%
7/1/2015 60.16 125.43 28.35 1185000 5% -4% 0% -7%
8/1/2015 64.29 121.3 25.86 1089000 7% -3% -9% -8%
9/1/2015 68.38 112.92 25.41 1134000 6% -7% -2% 4%
10/1/2015 69.97 110.3 28.4 1372000 2% -2% 12% 21%
11/1/2015 71.78 119.5 25.92 1284000 3% 8% -9% -6%
12/1/2015 68.45 118.3 24.61 1260000 -5% -1% -5% -2%
1/1/2016 66.77 105.26 23.88 1150000 -2% -11% -3% -9%
2/1/2016 73.49 97.34 21.12 1178000 10% -8% -12% 2%
3/1/2016 75.7 96.69 25.72 1312000 3% -1% 22% 11%
4/1/2016 75.19 108.99 24.1 1245000 -1% 13% -6% -5%
5/1/2016 69.27 93.74 27.86 1292000 -8% -14% 16% 4%
6/1/2016 65.97 99.86 29.35 1425000 -5% 7% 5% 10%
7/1/2016 69.38 95.6 33.41 1539000 5% -4% 14% 8%
8/1/2016 76.99 104.21 32.16 1620000 11% 9% -4% 5%
9/1/2016 76.28 106.1 33.21 1598000 -1% 2% 3% -1%
10/1/2016 72.58 113.05 31.33 1639000 -5% 7% -6% 3%
11/1/2016 80.25 113.54 29.07 1746000 11% 0% -7% 7%
12/1/2016 82.89 110.52 28.03 1802000 3% -3% -4% 3%
1/1/2017 80.71 115.82 30.27 1973000 -3% 5% 8% 9%
2/1/2017 78.97 121.35 30.96 1922000 -2% 5% 2% -3%
3/1/2017 86.22 136.99 33.73 2060000 9% 13% 9% 7%
4/1/2017 85.97 143.66 34.52 2231000 0% 5% 2% 8%
5/1/2017 83.57 143.65 36.62 2235000 -3% 0% 6% 0%
6/1/2017 86.74 152.76 38.19 2377000 4% 6% 4% 6%
7/1/2017 90.68 144.02 41.07 2410000 5% -6% 8% 1%
8/1/2017 88.12 148.73 39.63 2310000 -3% 3% -4% -4%

average 0.08% 2.55% -0.08% 1.50%

variance 0.94% 1.45% 1.14% 0.92%
standard de 10% 12% 10.69% 9.58%
sharpe rati 0.85% 21.22% -0.74% 15.69%
weights 50% 50%
w(m) 1.32%
w(A)
 RETURN
Date Motorola Apple return A b
2/1/2000 207.4341 3.705357
3/1/2000 176.0778 4.09375 -15% 10%
4/1/2000 143.5155 4.850446 -18% 18%
5/1/2000 113.0637 4.430804 -21% -9%
6/1/2000 109.6718 3 -3% -32%
7/1/2000 120.2998 3.741071 10% 25%
8/1/2000 131.1539 3.629464 9% -3%
9/1/2000 104.697 4.352679 -20% 20%
10/1/2000 90.22481 1.839286 -14% -58%
11/1/2000 72.58688 1.397321 -20% -24%
12/1/2000 73.26526 1.178571 1% -16%
1/1/2001 82.52744 1.0625 13% -10%
2/1/2001 54.88563 1.544643 -33% 45%
3/1/2001 51.59321 1.303571 -6% -16%
4/1/2001 56.26048 1.576429 9% 21%
5/1/2001 53.18515 1.820714 -5% 15%
6/1/2001 59.9147 1.425 13% -22%
7/1/2001 67.62112 1.660714 13% 17%
8/1/2001 62.95385 1.342143 -7% -19%
9/1/2001 56.44138 1.325 -10% -1%
10/1/2001 59.22727 1.107857 5% -16%
11/1/2001 59.84234 1.254286 1% 13%
12/1/2001 54.34292 1.521429 -9% 21%
1/1/2002 48.15608 1.564286 -11% 3%
2/1/2002 47.03449 1.765714 -2% 13%
3/1/2002 51.37613 1.55 9% -12%
4/1/2002 55.71778 1.690714 8% 9%
5/1/2002 57.85242 1.733571 4% 3%
6/1/2002 52.78717 1.664286 -9% -4%
7/1/2002 41.96923 1.265714 -20% -24%
8/1/2002 43.41645 1.09 3% -14%
9/1/2002 36.83162 1.053571 -15% -3%
10/1/2002 33.1774 1.035714 -10% -2%
11/1/2002 40.66674 1.147857 23% 11%
12/1/2002 31.29602 1.107143 -23% -4%
1/1/2003 28.87194 1.023571 -8% -8%
2/1/2003 30.46388 1.025714 6% 0%
3/1/2003 29.88499 1.072143 -2% 5%
4/1/2003 28.61868 1.01 -4% -6%
 5/1/2003 30.82568 1.015714 8% 1%
6/1/2003 34.11809 1.282143 11% 26%
7/1/2003 32.70706 1.361429 -4% 6%
8/1/2003 38.82154 1.505714 19% 11%
9/1/2003 43.23555 1.615 11% 7%
10/1/2003 48.95205 1.48 13% -8%
11/1/2003 50.79725 1.635 4% 10%
12/1/2003 50.65252 1.493571 0% -9%
1/1/2004 59.98706 1.526429 18% 2%
2/1/2004 66.75279 1.611429 11% 6%
3/1/2004 63.67746 1.708571 -5% 6%
4/1/2004 66.02918 1.931429 4% 13%
5/1/2004 71.5286 1.841429 8% -5%
6/1/2004 66.02918 2.004286 -8% 9%
7/1/2004 57.63534 2.324286 -13% 16%
8/1/2004 58.43131 2.31 1% -1%
9/1/2004 65.2694 2.463571 12% 7%
10/1/2004 62.44733 2.767857 -4% 12%
11/1/2004 69.6834 3.742857 12% 35%
12/1/2004 69.531 4.789286 0% 28%
1/1/2005 63.62895 4.6 -8% -4%
2/1/2005 63.30555 5.492857 -1% 19%
3/1/2005 60.51622 6.408571 -4% 17%
4/1/2005 62.01195 5.952857 2% -7%
5/1/2005 70.21823 5.151429 13% -13%
6/1/2005 73.81605 5.68 5% 10%
7/1/2005 85.62015 5.258572 16% -7%
8/1/2005 88.4499 6.092857 3% 16%
9/1/2005 89.05627 6.698571 1% 10%
10/1/2005 89.5818 7.658571 1% 14%
11/1/2005 97.38383 8.227143 9% 7%
12/1/2005 91.32008 9.688571 -6% 18%
1/1/2006 91.80518 10.27 1% 6%
2/1/2006 86.5095 10.787143 -6% 5%
3/1/2006 92.61368 9.784286 7% -9%
4/1/2006 86.30737 8.96 -7% -8%
5/1/2006 85.25633 10.055715 -1% 12%
6/1/2006 81.45637 8.538571 -4% -15%
7/1/2006 92.0073 8.181429 13% -4%
8/1/2006 94.51365 9.708571 3% 19%
9/1/2006 101.0625 9.692857 7% 0%
10/1/2006 93.22005 10.997143 -8% 13%
11/1/2006 89.62223 11.582857 -4% 5%
12/1/2006 83.1138 13.094286 -7% 13%
1/1/2007 80.24362 12.12 -3% -7%
2/1/2007 74.8671 12.247143 -7% 1%
3/1/2007 71.43098 12.087143 -5% -1%
4/1/2007 70.05653 13.272857 -2% 10%
5/1/2007 73.53307 14.257143 5% 7%
6/1/2007 71.55225 17.312857 -3% 21%
7/1/2007 68.68208 17.434286 -4% 1%
8/1/2007 68.52038 18.822857 0% 8%
9/1/2007 74.90752 19.782858 9% 5%
10/1/2007 75.95857 21.924286 1% 11%
11/1/2007 64.55872 27.135714 -15% 24%
12/1/2007 64.8417 26.031429 0% -4%
1/1/2008 46.48875 28.297142 -28% 9%
2/1/2008 40.30373 19.337143 -13% -32%
3/1/2008 37.59525 17.860001 -7% -8%
4/1/2008 40.2633 20.5 7% 15%
5/1/2008 37.71653 24.85 -6% 21%
6/1/2008 29.67195 26.964285 -21% 9%
7/1/2008 34.9272 23.92 18% -11%
8/1/2008 38.08035 22.707144 9% -5%
9/1/2008 28.86345 24.218571 -24% 7%
10/1/2008 21.70823 16.237143 -25% -33%
11/1/2008 17.42318 15.37 -20% -5%
12/1/2008 17.90828 13.238571 3% -14%
1/1/2009 17.90828 12.192857 0% -8%
2/1/2009 14.2296 12.875714 -21% 6%
3/1/2009 17.09978 12.758572 20% -1%
4/1/2009 22.35502 15.017143 31% 18%
5/1/2009 24.49755 17.975714 10% 20%
6/1/2009 26.80178 19.401428 9% 8%
7/1/2009 28.9443 20.347143 8% 5%
8/1/2009 29.02515 23.341429 0% 15%
9/1/2009 34.72508 24.030001 20% 3%
10/1/2009 34.64423 26.478571 0% 10%
11/1/2009 32.38042 26.928572 -7% 2%
12/1/2009 31.3698 28.558571 -3% 6%
1/1/2010 24.86138 30.104286 -21% 5%
2/1/2010 27.3273 27.437143 10% -9%
 3/1/2010 28.37835 29.231428 4% 7%
4/1/2010 28.58048 33.57143 1% 15%
5/1/2010 27.69113 37.298573 -3% 11%
6/1/2010 26.3571 36.697144 -5% -2%
7/1/2010 30.27832 35.932858 15% -2%
8/1/2010 30.3996 36.75 0% 2%
9/1/2010 34.48253 34.728573 13% -6%
10/1/2010 32.9868 40.535713 -4% 17%
11/1/2010 30.96555 42.997143 -6% 6%
12/1/2010 36.66547 44.450001 18% 3%
1/1/2011 38.77 46.080002 6% 4%
2/1/2011 38.64 48.474285 0% 5%
3/1/2011 44.69 50.458572 16% 4%
4/1/2011 45.88 49.787144 3% -1%
5/1/2011 47.87 50.01857 4% 0%
6/1/2011 46.04 49.689999 -4% -1%
7/1/2011 44.89 47.952858 -2% -3%
8/1/2011 42.09 55.782856 -6% 16%
9/1/2011 41.9 54.975716 0% -1%
10/1/2011 46.91 54.474285 12% -1%
11/1/2011 46.67 57.825714 -1% 6%
12/1/2011 46.29 54.599998 -1% -6%
1/1/2012 46.41 57.857143 0% 6%
2/1/2012 49.8 65.211426 7% 13%
3/1/2012 50.83 77.491432 2% 19%
4/1/2012 51.03 85.650002 0% 11%
5/1/2012 48.08 83.425713 -6% -3%
6/1/2012 48.11 82.53286 0% -1%
7/1/2012 48.34 83.428574 0% 1%
8/1/2012 47.66 87.251427 -1% 5%
9/1/2012 50.55 95.034286 6% 9%
10/1/2012 51.68 95.300003 2% 0%
11/1/2012 54.45 85.045715 5% -11%
12/1/2012 55.68 83.611427 2% -2%
1/1/2013 58.39 76.024284 5% -9%
2/1/2013 62.21 65.07 7% -14%
3/1/2013 64.03 63.057144 3% -3%
4/1/2013 57.2 63.237144 -11% 0%
5/1/2013 57.96 63.254284 1% 0%
6/1/2013 57.73 64.247147 0% 2%
7/1/2013 54.83 56.647144 -5% -12%
 8/1/2013 56.01 64.647141 2% 14%
9/1/2013 59.38 69.602859 6% 8%
10/1/2013 62.52 68.10714 5% -2%
11/1/2013 65.88 74.671425 5% 10%
12/1/2013 67.5 79.438568 2% 6%
1/1/2014 63.8 80.145714 -5% 1%
2/1/2014 66.2 71.514282 4% -11%
3/1/2014 64.29 75.177139 -3% 5%
4/1/2014 63.58 76.677139 -1% 2%
5/1/2014 67.42 84.298569 6% 10%
6/1/2014 66.57 90.428574 -1% 7%
7/1/2014 63.68 92.93 -4% 3%
8/1/2014 59.4 95.599998 -7% 3%
9/1/2014 63.28 102.5 7% 7%
10/1/2014 64.5 100.75 2% -2%
11/1/2014 65.72 108 2% 7%
12/1/2014 67.08 118.93 2% 10%
1/1/2015 62.41 110.379997 -7% -7%
2/1/2015 67.94 117.160004 9% 6%
3/1/2015 66.67 128.460007 -2% 10%
4/1/2015 59.75 124.43 -10% -3%
5/1/2015 59 125.150002 -1% 1%
6/1/2015 57.34 130.279999 -3% 4%
7/1/2015 60.16 125.43 5% -4%
8/1/2015 64.29 121.300003 7% -3%
9/1/2015 68.38 112.919998 6% -7%
10/1/2015 69.97 110.300003 2% -2%
11/1/2015 71.78 119.5 3% 8%
12/1/2015 68.45 118.300003 -5% -1%
1/1/2016 66.77 105.260002 -2% -11%
2/1/2016 73.49 97.339996 10% -8%
3/1/2016 75.7 96.690002 3% -1%
4/1/2016 75.19 108.989998 -1% 13%
5/1/2016 69.27 93.739998 -8% -14%
6/1/2016 65.97 99.860001 -5% 7%
7/1/2016 69.38 95.599998 5% -4%
8/1/2016 76.99 104.209999 11% 9%
9/1/2016 76.28 106.099998 -1% 2%
10/1/2016 72.58 113.050003 -5% 7%
11/1/2016 80.25 113.540001 11% 0%
12/1/2016 82.89 110.519997 3% -3%
1/1/2017 80.71 115.82 -3% 5%
2/1/2017 78.97 121.349998 -2% 5%
3/1/2017 86.22 136.990005 9% 13%
4/1/2017 85.97 143.660004 0% 5%
5/1/2017 83.57 143.649994 -3% 0%
6/1/2017 86.74 152.759995 4% 6%
7/1/2017 90.68 144.020004 5% -6%
8/1/2017 88.12 148.729996 -3% 3%

average 0.08% 2.55%

variance 0.94% 1.45%
standard deviation 10% 12%
sharpe ratio 0.85% 21.22%
weights 50% 50%
portfolio 1.32% covariance 0.06%
variance of portfolio 0.63%
square root 7.91%
16.65%