vanguard

index 500 BROWN

trust California REIT GROUP
1989 JAN 7.32% -28.26% 9.16%
FEB -2.47% -3.03% 0.73%
MAR 2.26% 8.75% -0.29%
APR 5.18% -1.47% 2.21%
MAY 4.04% -1.49% -1.08%
JUN -0.59% -9.09% -0.65%
JUL 9.01% 10.67% 2.22%
AUG 1.86% -9.38% 0.00%
SEP -0.40% 10.34% 1.88%
OCT -2.34% -14.38% -7.55%
NOV 2.04% -14.81% -12.84%
DEC 2.38% -4.35% -1.70%
1990 JAN -6.72% -5.45% -15.21%
FEB 1.27% 5.00% 7.61%
MAR 2.61% 9.52% 1.11%
APR -2.50% -0.87% -0.51%
MAY 9.69% 0.00% 12.71%
JUN -0.69% 4.55% 3.32%
JUL -0.32% 3.48% 3.17%
AUG -9.03% 0.00% -14.72%
SEP -4.89% -13.04% -1.91%
OCT -0.41% 0.00% -12.50%
NOV 6.44% 1.50% 17.26%
DEC 2.72% -2.56% -8.53%

7.41% 6.62%

STD 4.61% 9.23% 8.17%

COVARIANCE 0.00031 0.002468
0.0020866583 0.002129

PORTFOLIO RISK 4.57% 4.61%

California
REIT APPEARS TO BE RISKIEST

BROWN
GROUP MORE VARIABILITY TO PORTFOLIO
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.073532
R Square 0.005407
Adjusted R Squa -0.0398
Standard Error 0.094126
Observations 24

ANOVA
df SS MS F Significance F
Regression 1 0.00106 0.00106 0.119599 0.732756
Residual 22 0.194915 0.00886
Total 23 0.195975

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%
Lower 95.0%
Upper 95.0%
Intercept -0.02428 0.019779 -1.22747 0.232617 -0.0653 0.016741 -0.0653 0.016741
X Variable 1 0.147351 0.42608 0.34583 0.732756 -0.73628 1.030988 -0.73628 1.030988

BROWN
BETA 0.147351 BETA 1.16335 BROWN IS RISKIER COZ HIGH BETA
ALPHA -0.02428 ALPHA -0.01954
S RISKIER COZ HIGH BETA
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.65617
R Square 0.430559
Adjusted R 0.404675
Standard E 0.063013
Observatio 24

ANOVA
df SS MS F Significance F
Regression 1 0.066048 0.066048 16.63436 0.000498
Residual 22 0.087353 0.003971
Total 23 0.153401

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%
Lower 95.0%
Upper 95.0%
Intercept -0.01954 0.013241 -1.47557 0.154228 -0.047 0.007922 -0.047 0.007922
X Variable 1.16335 0.285238 4.078525 0.000498 0.571803 1.754897 0.571803 1.754897

BETA 1.16335
ALPHA -0.01954