Date S&P500 Gold US Gov Bond USD/JPY

2019-01-02 2511 1281 114.6875 109.668

2019-01-03 2447.75 1291.8 115.304688 107.441
2019-01-04 2531.25 1282.7 114.757813 107.808
2019-01-07 2550.5 1286.8 114.585938 108.522
2019-01-08 2572.5 1283.2 114.335938 108.616
2019-01-09 2582.5 1289.3 114.382813 108.776
2019-01-10 2594 1284.7 114.390625 108.189
2019-01-11 2595 1287.1 114.53125 108.298
2019-01-14 2580.5 1289.1 114.515625 108.458
2019-01-15 2605.5 1286.2 114.53125 108.25
2019-01-16 2613.25 1291.6 114.4375 108.644
2019-01-17 2635.25 1291 114.296875 109.037
2019-01-18 2671.5 1281.3 114.054688 109.153
2019-01-22 2632 1282.5 114.296875 109.67
2019-01-23 2638.25 1283.1 114.1875 109.355
2019-01-24 2634 1279.1 114.398438 109.492
2019-01-25 2663.5 1297.4 114.1875 109.597
2019-01-28 2642 1302.4 114.234375 109.4
2019-01-29 2640.25 1308.2 114.382813 109.254
2019-01-30 2682.5 1309.9 114.585938 109.417
2019-01-31 2704.5 1319.7 114.859375 108.981
2019-02-01 2704.25 1316.9 114.53125 108.844
2019-02-04 2721.25 1314.3 114.40625 109.438
2019-02-05 2731 1314.2 114.5 109.961
2019-02-06 2729.5 1309.5 114.515625 109.941
2019-02-07 2704 1309.4 114.75 109.974
2019-02-08 2706.25 1313.7 114.8125 109.756
2019-02-11 2708.25 1307 114.640625 109.81
2019-02-12 2744.75 1309.2 114.578125 110.4
2019-02-13 2749.5 1310.8 114.40625 110.515
2019-02-14 2743.5 1309.8 114.65625 110.923
2019-02-15 2777 1318.1 114.546875 110.538
2019-02-19 2778.75 1340.1 114.664063 110.591
2019-02-20 2787 1343.3 114.632813 110.572
2019-02-21 2774.25 1323.5 114.46875 110.765
2019-02-22 2791.25 1329.2 114.664063 110.708
2019-02-25 2797 1325.9 114.578125 110.772
2019-02-26 2791.5 1325.1 114.742188 111.046
2019-02-27 2795 1317.7 114.546875 110.556
2019-02-28 2784.75 1312.8 114.46875 110.862
2019-03-01 2805 1296.4 114.25 111.357
2019-03-04 2791.5 1284.8 114.382813 111.938
2019-03-05 2791.5 1282 114.375 111.777
2019-03-06 2771.5 1284.9 114.515625 111.866
2019-03-07 2750 1283.8 114.789063 111.623
2019-03-08 2747 1297 114.84375 111.634
2019-03-11 2784 1288.8 114.765625 111.08
2019-03-12 2792 1296.3 114.890625 111.342
2019-03-13 2814.5 1307.5 114.898438 111.306
2019-03-14 2807.25 1293.4 114.820313 111.196
2019-03-15 2811.89 1301.8 114.960938 111.753
2019-03-18 2840.5 1300.3 114.898438 111.561
2019-03-19 2836.5 1305 114.851563 111.373
2019-03-20 2827 1300.5 115.242188 111.401
2019-03-21 2862.5 1306.1 115.210938 110.66
2019-03-22 2810.75 1311.6 115.601563 110.806
2019-03-25 2807 1321.9 115.867188 110.081
2019-03-26 2823 1314.3 115.890625 110.068
2019-03-27 2810.5 1309.9 116.0625 110.554
2019-03-28 2821 1289.8 115.929688 110.49
2019-03-29 2837.75 1293 115.765625 110.637
2019-04-01 2870.5 1288.4 115.515625 111.451
2019-04-02 2867 1290 115.617188 111.305
2019-04-03 2879.75 1289.9 115.476563 111.395
2019-04-04 2882.75 1289 115.484375 111.658
2019-04-08 2898.25 1297.1 115.421875 111.456
2019-04-09 2882.5 1303.5 115.523438 111.105
2019-04-10 2894.5 1309.1 115.632813 110.985
2019-04-11 2891.75 1288.6 115.460938 111.621
2019-04-15 2909.5 1286.8 115.195313 111.943
2019-04-16 2911.5 1272.6 115.023438 111.993
2019-04-17 2900.5 1272.2 115.070313 112.036
2019-04-18 2910 1271.9 115.210938 111.989
2019-04-22 2912.5 1273.5 115.125 111.929
2019-04-23 2938 1269.3 115.257813 111.877
2019-04-24 2930.75 1275.5 115.476563 112.13
2019-04-25 2926.25 1275.8 115.414063 111.539
2019-04-29 2943 1278.6 115.484375 111.677
2019-04-30 2948.5 1282.8 115.640625 111.395
2019-05-01 2923 1281.4 115.53125 111.452
2019-05-02 2917.5 1269.7 115.265625 111.495
2019-05-06 2932.5 1281.7 115.523438 110.805
2019-05-07 2890.75 1283.5 115.71875 110.257
2019-05-08 2887.25 1279.4 115.578125 110.028
2019-05-09 2872.75 1283.5 115.726563 109.807
2019-05-13 2807 1300.1 116.039063 109.154
2019-05-14 2839.25 1294.7 115.96875 109.671
2019-05-15 2855 1296.3 116.179688 109.475
2019-05-16 2878.5 1285 116.015625 109.871
2019-05-20 2844 1276.1 115.921875 110.07
2019-05-21 2866 1272 115.804688 110.07
2019-05-22 2857.5 1273.6 115.984375 110.221
2019-05-23 2819.5 1284.8 116.453125 109.558
2019-05-28 2805 1276.5 116.507813 109.346
2019-05-29 2780 1280.6 116.664063 109.542
2019-05-30 2790.5 1287.1 116.695313 109.357
2019-06-03 2749.5 1322.7 117.609375 108.027
2019-06-04 2805 1323.4 117.4375 108.254
2019-06-05 2827.75 1328.3 117.539063 108.328
2019-06-06 2845.75 1337.6 117.414063 108.454
2019-06-10 2889.25 1324.7 117.28125 108.359
2019-06-11 2887 1326.4 117.289063 108.474
2019-06-12 2881 1331.9 117.421875 108.488
2019-06-13 2894.5 1339.2 117.648438 108.321
2019-06-17 2892 1338.7 117.554688 108.539
2019-06-18 2921.75 1346.6 117.609375 108.573
2019-06-19 2929 1344.6 117.890625 108.115
2019-06-20 2955.75 1392.9 118.0625 107.277
2019-06-24 2952 1414.3 118.015625 107.327
2019-06-25 2922 1414.9 118.109375 107.166
2019-06-26 2918 1411.6 117.765625 107.738
2019-06-27 2931 1408.4 118.007813 107.747
2019-07-01 2967.75 1385.6 117.96875 108.366
2019-07-02 2979.5 1404.6 118.195313 107.805
2019-07-08 2978.5 1397 117.671875 108.721
2019-07-09 2982 1397.5 117.546875 108.924
2019-07-10 2997.5 1410.1 117.742188 108.334
2019-07-11 3004 1404.3 117.507813 108.588
2019-07-15 3017.25 1411.4 117.632813 107.889
2019-07-16 3007 1409.2 117.46875 108.201
2019-07-17 2985 1421.3 117.710938 107.937
2019-07-18 2997.5 1426.1 117.914063 107.401
2019-07-22 2989 1425.3 117.851563 107.904
2019-07-23 3008 1420.1 117.71875 108.232
2019-07-24 3021.5 1422.8 117.757813 108.189
2019-07-25 3006.5 1413.9 117.585938 108.666
2019-07-29 3021.75 1419.6 117.679688 108.866
2019-07-30 3012.25 1429.7 117.617188 108.562
2019-07-31 2982.25 1426.1 117.554688 108.82
2019-08-01 2952 1420.9 118.390625 107.431
2019-08-05 2830 1464.6 119.039063 105.593
2019-08-06 2876 1472.4 118.984375 106.337
2019-08-07 2880.5 1507.3 119.1875 106.121
2019-08-08 2940 1497.7 119.015625 105.874
2019-08-12 2880.25 1505.3 119.226563 105.358
2019-08-13 2932 1502.2 118.765625 106.59
2019-08-14 2840.75 1515.9 119.132813 105.916
2019-08-15 2848.5 1519.6 119.4375 106.083
2019-08-19 2923.75 1500.4 119.257813 106.574
2019-08-20 2898.25 1504.6 119.382813 106.274
2019-08-21 2929.25 1504.6 119.203125 106.597
2019-08-22 2922.25 1497.3 119.070313 106.468
2019-08-26 2883.25 1526.3 119.34375 105.978
2019-08-27 2865.5 1541 119.523438 105.738
2019-08-28 2889.75 1537.8 119.640625 106.07
2019-08-29 2926.75 1526.5 119.445313 106.438
2019-09-03 2906 1545.9 119.789063 105.861
2019-09-04 2938.5 1550.3 119.914063 106.325
2019-09-05 2972 1515.4 119.328125 107.072
2019-09-09 2978.25 1502.2 119.085938 107.337
2019-09-10 2978.5 1490.3 118.679688 107.337
2019-09-11 3002 1494.4 118.570313 107.337
2019-09-12 3011.75 1498.7 118.273438 107.337
2019-09-16 2999 1503.1 118.046875 107.337
2019-09-17 3005.5 1505.1 118.226563 107.337
2019-09-18 3006.25 1507.5 118.21875 107.337
2019-09-19 3006 1498.4 118.265625 107.337
2019-09-23 2997 1523.7 118.578125 107.337
2019-09-24 2970.25 1532.1 118.9375 107.337
2019-09-25 2986.25 1504.6 118.492188 107.337
2019-09-26 2980.5 1507.5 118.65625 107.337
2019-09-30 2978.5 1465.7 118.726563 107.337
2019-10-01 2937.75 1482 119.414063 107.337
2019-10-02 2880.5 1501 119.757813 107.337
2019-10-03 2911.75 1507.1 120.1875 107.337
2019-10-07 2937.5 1497.7 119.90625 107.251
2019-10-08 2892.5 1497.2 120.046875 107.251
2019-10-09 2919 1506.1 119.78125 107.178
2019-10-10 2941 1494.8 119.445313 107.88
2019-10-14 2965.5 1491.7 119.101563 108.388
2019-10-15 2997.75 1477.6 118.859375 108.817
2019-10-16 2991.5 1488 119.015625 108.677
2019-10-17 2998 1492.3 118.945313 108.581
2019-10-21 3006.5 1482.4 118.851563 108.601
2019-10-22 2994.5 1481.7 118.90625 108.483
2019-10-23 3005.75 1489.9 118.9375 108.642
2019-10-24 3004.25 1498.9 118.914063 108.606
2019-10-28 3036.25 1490 118.515625 108.734
2019-10-29 3035.75 1487 118.554688 108.964
2019-10-30 3047.75 1493.2 118.648438 108.874
2019-10-31 3035.75 1511.4 119.203125 108.789
2019-11-01 3063.25 1508 119.015625 107.996
2019-11-04 3075.75 1508 118.789063 108.22
2019-11-05 3072 1480.8 118.46875 108.694
2019-11-06 3075.5 1490.2 118.671875 109.146
2019-11-07 3086 1464.2 118.140625 108.913
2019-11-08 3090.5 1461.3 118.164063 109.274
2019-11-11 3087.5 1455.5 118.101563 109.226
2019-11-12 3092 1452.1 118.226563 109.042
2019-11-13 3095.5 1461.7 118.429688 108.993
2019-11-14 3097 1471.8 118.679688 108.798
2019-11-15 3118.25 1467.3 118.5625 108.492
2019-11-18 3121.75 1470.9 118.671875 108.699
2019-11-19 3118.5 1473.3 118.695313 108.662
2019-11-20 3109 1473.3 118.882813 108.445
2019-11-21 3104 1463.1 118.734375 108.478
2019-11-22 3111.5 1463.1 118.65625 108.585
2019-11-25 3132.75 1456.6 118.71875 108.73
2019-11-26 3143.75 1459.8 118.8125 108.992
2019-11-27 3153.75 1453.4 118.609375 109.097
2019-12-02 3114.25 1462.3 118.476563 109.535
2019-12-03 3091 1478.2 119.046875 109.022
2019-12-04 3111 1474 118.695313 108.653
2019-12-05 3117.75 1476.9 118.640625 108.832
2019-12-06 3146 1459.1 118.40625 108.738
2019-12-09 3134.5 1459.3 118.421875 108.627
2019-12-10 3136 1462.6 118.359375 108.582
2019-12-11 3143 1469.4 118.546875 108.764
2019-12-12 3168 1466.7 118.132813 108.549
2019-12-13 3172 1475.6 118.507813 109.413
2019-12-16 3194.25 1475 118.21875 109.4
2019-12-17 3192 1474.6 118.265625 109.576
2019-12-18 3194.75 1472.6 118.15625 109.516
2019-12-19 3207 1478.2 118.265625 109.551
2019-12-20 3231.02 1474.7 118.21875 109.383
2019-12-23 3227.25 1482.5 118.109375 109.499
2019-12-26 3244.5 1509.3 118.273438 109.369
2019-12-27 3237.5 1513.8 118.5 109.542
2019-12-30 3223.5 1514.5 118.515625 109.428
2019-12-31 3231 1519.5 118.460938 108.873
2020-01-02 3259 1524.5 118.664063 108.713
2020-01-03 3235.5 1549.2 119.0625 108.543
2020-01-06 3243.5 1566.2 118.960938 107.964
2020-01-07 3235.25 1571.8 118.921875 108.406
2020-01-08 3260.25 1557.4 118.695313 108.016
2020-01-09 3276 1551.7 118.742188 109.031
2020-01-10 3264.75 1557.5 118.8125 109.507
2020-01-13 3289.75 1548.4 118.75 109.566
2020-01-14 3288 1542.4 118.859375 109.992
2020-01-15 3293.75 1552.1 118.96875 109.854
2020-01-16 3316.5 1549 118.867188 109.883
2020-01-17 3325 1558.8 118.828125 110.175
2020-01-21 3319.5 1556.4 119.117188 110.173
2020-01-22 3319.75 1555.3 119.117188 109.908
2020-01-23 3326 1564.6 119.21875 109.728
2020-01-24 3293.5 1571.1 119.476563 109.552
2020-01-27 3239.5 1576.8 119.796875 108.802
2020-01-28 3278.25 1569.2 119.648438 108.92
2020-01-29 3272.5 1569.8 119.898438 109.132
2020-01-30 3289.75 1583.5 120.0625 108.987
2020-01-31 3224 1582.9 120.320313 108.877
2020-02-03 3245.5 1577.2 120.234375 108.372
2020-02-04 3299.5 1550.4 119.84375 108.612
2020-02-05 3335 1557.8 119.664063 109.447
2020-02-06 3345.25 1565.1 119.640625 109.814
2020-02-07 3325.5 1568.6 119.921875 109.968
2020-02-10 3353 1574.7 120.085938 109.645
2020-02-11 3357.5 1565.6 119.882813 109.766
2020-02-12 3380.5 1567.4 119.710938 109.843
2020-02-13 3377.5 1575.1 119.726563 109.846
2020-02-14 3381 1582.7 119.851563 109.758
2020-02-18 3369.25 1600 119.953125 109.83
2020-02-19 3387.25 1607.5 119.859375 109.919
2020-02-20 3369.25 1616.6 120.046875 111.21
2020-02-21 3339.25 1644.6 120.296875 111.954
2020-02-24 3226.25 1672.4 120.78125 111.557
2020-02-25 3132.5 1646.9 121.09375 110.857
2020-02-26 3110.25 1640 121.234375 110.286
2020-02-27 2957 1640 121.328125 110.363
2020-02-28 2951 1564.1 122.273438 109.66
2020-03-02 3065 1592.3 122.515625 107.697
2020-03-03 2997 1642.1 122.96875 108.487
2020-03-04 3114.75 1641.1 123.164063 107.037
2020-03-05 3015.5 1666.4 123.398438 107.677
2020-03-06 2964 1670.8 123.976563 106.248
2020-03-09 2747.75 1674.5 124.539063 103.938
2020-03-10 2865.75 1659.1 123.632813 103.112
2020-03-11 2740.25 1641.4 123.460938 105.026
2020-03-12 2469 1589.3 123.648438 104.55
2020-03-13 2696 1515.7 123.1875 104.61
2020-03-16 2416.25 1485.9 124.15625 106.688
2020-03-17 2495.5 1524.9 123.390625 106.175
2020-03-18 2414 1477.3 122.59375 107.377
2020-03-19 2403.25 1478.6 123.3125 108.36
2020-03-20 2437.98 1484 124.007813 111.291
2020-03-23 2220.5 1567 124.8125 110.462
2020-03-24 2438 1660.2 124.34375 110.827
2020-03-25 2467 1632.3 124.507813 111.12
2020-03-26 2608 1650.1 124.59375 110.876
2020-03-27 2524 1623.9 124.679688 109.109
2020-03-30 2611.25 1622 125.1875 108.035
2020-03-31 2569.75 1583.4 125.203125 107.508
2020-04-01 2448 1578.2 125.390625 107.257
2020-04-02 2516.5 1625.7 125.3125 108.001
2020-04-06 2644.5 1677 125.007813 109.115
2020-04-07 2642 1664.8 124.8125 108.651
2020-04-08 2735 1665.4 124.90625 108.922
2020-04-09 2779.75 1736.2 125.195313 108.561
2020-04-13 2759.25 1744.8 125.078125 107.623
2020-04-14 2843 1756.7 125.171875 107.104
2020-04-15 2775 1727.2 125.554688 107.609
2020-04-16 2787.5 1720.4 125.53125 107.945
2020-04-20 2806.5 1701.6 125.46875 107.669
2020-04-21 2732 1678.2 125.546875 107.721
2020-04-22 2788.5 1728.7 125.398438 107.813
2020-04-23 2780.75 1733.3 125.359375 107.667
2020-04-27 2869 1711.9 125.210938 107.283
2020-04-28 2867.25 1710.5 125.382813 106.741
2020-04-29 2941 1703.4 125.414063 106.61
2020-04-30 2902.5 1684.2 125.484375 107.285
2020-05-04 2825.25 1706.9 125.429688 106.697
2020-05-05 2858.25 1704.4 125.382813 106.452
2020-05-06 2833.5 1684.2 125.351563 106.191
2020-05-07 2880 1721.8 125.765625 106.359
2020-05-11 2922.75 1695.3 125.453125 107.566
2020-05-12 2852.5 1704.4 125.570313 107.138
2020-05-13 2813 1713.9 125.679688 106.933
2020-05-14 2847 1738.1 125.757813 107.365
2020-05-18 2948 1731.8 125.382813 107.381
2020-05-19 2918.75 1744.2 125.546875 107.81
2020-05-20 2968.5 1750.6 125.640625 107.591
2020-05-21 2937 1720.5 125.609375 107.631
2020-05-26 2994.5 1704.8 125.5625 107.491
2020-05-27 3035.5 1710.3 125.625 107.798
2020-05-28 3038 1713.3 125.601563 107.643
2020-06-01 3054 1737.8 125.820313 107.548
2020-06-02 3077 1725.2 125.71875 108.809
2020-06-03 3117.75 1697.8 125.445313 108.999
2020-06-04 3110.5 1718.9 125.351563 109.15
2020-06-08 3227.5 1698.3 125.140625 108.409
2020-06-09 3205.5 1714.7 125.359375 107.797
2020-06-10 3186 1713.3 125.703125 106.981
2020-06-11 3010.25 1732 125.796875 106.803
2020-06-15 3073 1720.3 125.695313 107.464
2020-06-16 3128.75 1729.6 125.609375 107.41
2020-06-17 3118 1729.2 125.640625 106.894
2020-06-18 3109 1724.8 125.6875 107.006
2020-06-22 3110.75 1756.7 125.664063 106.903
2020-06-23 3118.5 1772.1 125.71875 106.432
2020-06-24 3049 1765.8 125.757813 107.044
2020-06-25 3070.75 1762.1 125.765625 107.155
2020-06-29 3047.75 1774.8 125.992188 107.59
2020-06-30 3090.25 1793 125.984375 107.989
2020-07-01 3103 1773.2 125.601563 107.366
2020-07-02 3129 1784 125.703125 107.497
2020-07-06 3172 1788.5 125.640625 107.359
2020-07-07 3136.5 1804.2 125.695313 107.578
2020-07-08 3163.5 1815.5 125.726563 107.283
2020-07-09 3141 1799.2 125.8125 107.236
2020-07-13 3148.25 1811 125.695313 107.276
2020-07-14 3183.5 1810.6 125.773438 107.245
2020-07-15 3219.5 1811.4 125.757813 106.917
2020-07-16 3194.5 1798.7 125.804688 107.278
2020-07-20 3245.25 1815.9 125.742188 107.196
2020-07-21 3251.25 1842.4 125.820313 106.832
2020-07-22 3265.5 1864.1 125.8125 107.175
2020-07-23 3227.5 1889.1 125.820313 106.838
2020-07-27 3232.25 1931 125.742188 105.261
2020-07-28 3213 1944.7 125.875 105.107
2020-07-29 3252.5 1953.5 125.945313 105.032
2020-07-30 3248.75 1942.3 126.046875 104.683
2020-08-03 3288.5 1966 126.078125 106.03
2020-08-04 3300 2001.2 126.210938 105.614
2020-08-05 3316 2031.1 126.09375 105.553
2020-08-06 3344.25 2051.5 126.125 105.581
2020-08-10 3352.75 2024.4 126.015625 105.992
2020-08-11 3330 1932.6 125.726563 106.521
2020-08-12 3370 1934.9 125.726563 106.822
2020-08-13 3367.75 1956.7 125.617188 106.986
2020-08-17 3379.75 1985 125.789063 105.995
2020-08-18 3387 1999.4 125.820313 105.224
2020-08-19 3372.75 1958.7 125.835938 106.079
2020-08-20 3380.75 1933.8 125.875 105.665
2020-08-24 3427.5 1927.7 125.789063 105.993
2020-08-25 3443 1911.8 125.75 106.405
2020-08-26 3480.25 1940.7 125.75 105.856
2020-08-27 3485.25 1921.6 125.671875 106.637
2020-08-31 3499 1967.6 125.914063 106.004
2020-09-01 3527 1968.2 125.945313 105.896
2020-09-02 3579.25 1934.4 125.9375 106.208
2020-09-03 3461.5 1927.6 126.023438 106.086
2020-09-08 3335.5 1933 125.859375 105.968
2020-09-09 3400.25 1944.7 125.84375 106.231
2020-09-10 3340.5 1954.2 125.898438 106.143
2020-09-14 3382.5 1953.1 125.921875 105.715
2020-09-15 3405.25 1956.3 125.890625 105.381
2020-09-16 3389.5 1960.2 125.875 105.062
2020-09-17 3361.5 1940 125.890625 104.698
2020-09-21 3275 1901.2 125.890625 104.69
2020-09-22 3299.25 1898.6 125.945313 105.034
2020-09-23 3231.25 1859.9 125.890625 105.304
2020-09-24 3238 1868.3 125.90625 105.435
2020-09-28 3346 1872.8 125.945313 105.433
2020-09-29 3333.75 1894.3 126.007813 105.664
2020-09-30 3352 1887.5 125.921875 105.451
2020-10-01 3367.75 1908.4 126.023438 105.543
2020-10-05 3393 1912.5 125.757813 105.707
2020-10-06 3353.25 1901.1 125.789063 105.64
2020-10-07 3406.75 1883.6 125.664063 105.965
2020-10-08 3437.5 1888.6 125.765625 106.018
2020-10-12 3532.75 1922.5 125.726563 105.339
2020-10-13 3504.75 1888.5 125.890625 105.47
2020-10-14 3481 1901.3 125.890625 105.139
2020-10-15 3475.5 1903.2 125.84375 105.36
2020-10-19 3422.75 1906.4 125.757813 105.47
2020-10-20 3432.25 1910.4 125.71875 105.477
2020-10-21 3432.5 1924.6 125.671875 104.676
2020-10-22 3449.25 1901.1 125.570313 104.921
2020-10-26 3393.5 1902.7 125.679688 104.683
2020-10-27 3383 1908.8 125.757813 104.832
2020-10-28 3263.5 1876.2 125.765625 104.545
2020-10-29 3302.25 1865.6 125.648438 104.315
2020-10-30 3264.75 1877.4 125.601563 104.554
2020-11-02 3300.5 1890.4 125.601563 104.58
2020-11-03 3361.5 1908.5 125.539063 104.725
2020-11-04 3435 1894.6 125.859375 104.546
2020-11-05 3504.75 1945.3 125.789063 104.438
2020-11-06 3500.75 1950.3 125.65625 103.603
2020-11-09 3544 1853.2 125.273438 103.253
2020-11-10 3541 1875.4 125.210938 105.137
2020-11-11 3568 1860.7 125.25 105.26
2020-11-12 3532.5 1872.6 125.5 105.415
2020-11-13 3582 1885.7 125.476563 105.09
2020-11-16 3623 1887.3 125.453125 104.676
2020-11-17 3606.75 1884.5 125.546875 104.541
2020-11-18 3565 1873.5 125.492188 104.181
2020-11-19 3580 1861.1 125.554688 103.894
2020-11-20 3554.25 1872.6 125.601563 103.825
2020-11-23 3576 1837.8 125.554688 103.817
2020-11-24 3632.75 1804.8 125.554688 104.525
2020-11-25 3627.25 1805.7 125.570313 104.513
2020-11-30 3623.25 1775.7 125.695313 104.082
2020-12-01 3660.5 1814.1 125.390625 104.299
2020-12-02 3667.25 1825.7 125.4375 104.309
2020-12-03 3664.5 1836.8 125.523438 104.458
2020-12-04 3698 1835.9 125.46875 103.823
2020-12-07 3690.75 1861.8 125.601563 104.198
2020-12-08 3702 1870.8 125.601563 103.998
2020-12-09 3672.5 1834.6 125.523438 104.135
2020-12-10 3668.5 1833.6 125.65625 104.272
2020-12-11 3661.25 1839.8 125.78125 104.182
2020-12-14 3646.5 1828.7 125.78125 103.939
2020-12-15 3694.5 1852.3 125.710938 104.01
2020-12-16 3700.75 1856.1 125.742188 103.634
2020-12-17 3721.25 1887.2 125.703125 103.475
2020-12-18 3726.25 1885.7 125.695313 103.131
2020-12-21 3685.75 1879.2 125.679688 103.457
2020-12-22 3677.25 1866.6 125.765625 103.34
2020-12-23 3681.5 1874.7 125.734375 103.534
2020-12-28 3727.5 1877.2 125.78125 103.533
2020-12-29 3720 1879.7 125.789063 103.689
2020-12-30 3724.25 1891 125.8125 103.559
2020-12-31 3748.75 1893.1 125.859375 103.121
2021-01-04 3692.25 1944.7 126.203125 103.239
2021-01-05 3718.25 1952.7 126.078125 103.125
2021-01-06 3740.5 1906.9 125.789063 102.678
2021-01-07 3795.5 1912.3 125.710938 103.024
2021-01-08 3817.5 1834.1 125.59375 103.79
2021-01-11 3792 1849.6 125.515625 104.091
2021-01-12 3794.5 1842.9 125.484375 104.128
2021-01-13 3803.75 1853.6 125.617188 103.752
2021-01-14 3791.25 1850.3 125.578125 103.837
2021-01-15 3762.25 1829.3 125.71875 103.828
2021-01-19 3790.5 1839.5 125.765625 103.703
2021-01-20 3845 1865.9 125.773438 103.897
2021-01-21 3846 1865.3 125.78125 103.555
2021-01-22 3834.25 1855.7 125.84375 103.506
2021-01-25 3848.5 1854.9 125.960938 103.777
2021-01-26 3842.5 1850.7 125.953125 103.76
2021-01-27 3744.25 1844.9 126.023438 103.603
2021-01-28 3779.25 1837.9 125.929688 104.143
2021-01-29 3705.25 1847.3 125.875 104.291
2021-02-01 3765.75 1860.8 125.96875 104.686
2021-02-02 3818.25 1830.5 125.875 104.881
2021-02-03 3823.5 1832.2 125.804688 105.028
2021-02-04 3864.5 1788.9 125.820313 104.995
2021-02-05 3880.25 1810.9 125.796875 105.572
2021-02-08 3908 1831.9 125.742188 105.4
2021-02-09 3905.5 1835.3 125.75 105.21
2021-02-10 3903 1840.6 125.851563 104.575
2021-02-11 3912 1824.9 125.84375 104.615
2021-02-12 3931 1821.6 125.742188 104.741
2021-02-16 3927.75 1797.2 125.390625 105.387
2021-02-17 3928 1771.1 125.40625 106.103
2021-02-18 3909.5 1773.4 125.476563 105.861
2021-02-19 3903 1775.8 125.351563 105.652
2021-02-22 3873.5 1806.7 125.273438 105.514
2021-02-23 3878 1804.4 125.351563 104.984
2021-02-24 3922.5 1796.4 125.203125 105.283
2021-02-25 3828 1774.4 124.335938 105.944
2021-02-26 3809.25 1728.1 124.414063 106.379
2021-03-01 3898.75 1722.5 124.75 106.503
2021-03-02 3867.5 1733.1 124.9375 106.851
2021-03-03 3816.75 1715.3 124.679688 106.758
2021-03-04 3765.5 1700.2 124.453125 107.058
2021-03-05 3839 1698 124.429688 107.955
2021-03-08 3819.25 1677.7 124.125 108.419
2021-03-09 3873.25 1716.6 124.265625 108.939
2021-03-10 3896.5 1721.5 124.40625 108.577
2021-03-11 3936.75 1722.3 124.460938 108.432
2021-03-12 3942.25 1719.5 124.179688 108.555
2021-03-15 3967.5 1728.9 124.242188 109.117
2021-03-16 3962.5 1730.6 124.289063 109.134
2021-03-17 3974 1726.8 124.539063 109.029
2021-03-18 3916.5 1732.2 124.164063 108.891
2021-03-19 3912.62 1741.4 124.140625 108.931
2021-03-22 3930 1737.8 124.226563 108.871
2021-03-23 3899.75 1724.7 124.359375 108.776
2021-03-24 3880.75 1732.9 124.4375 108.52
2021-03-25 3900.5 1724.9 124.539063 108.79
2021-03-26 3964.75 1732.2 124.382813 109.179
2021-03-29 3959 1712.1 124.226563 109.836
2021-03-30 3947.75 1683.9 124.140625 110.305
2021-03-31 3967.5 1713.8 124.109375 110.75
2021-04-01 4010 1726.5 123.554688 110.613
2021-04-05 4067.75 1727 123.382813 110.193
2021-04-06 4064 1741.5 123.71875 109.793
2021-04-07 4070 1740.1 123.8125 109.852
2021-04-08 4089 1756.8 123.882813 109.33
2021-04-12 4120.25 1731.2 123.609375 109.374
2021-04-13 4132.75 1746.2 123.875 108.924
2021-04-14 4118 1734.9 123.765625 108.894
2021-04-15 4162.5 1765.4 124.117188 108.689
2021-04-19 4155.5 1769.4 123.953125 108.098
2021-04-20 4126.5 1777.3 124.117188 108.133
2021-04-21 4164.75 1792.3 124.09375 108.039
2021-04-22 4127.75 1781.2 124.101563 107.978
2021-04-26 4179.5 1779.2 123.953125 108.202
2021-04-27 4179 1778 123.828125 108.75
2021-04-28 4176.25 1773.2 123.921875 108.505
2021-04-29 4203.5 1768.1 123.898438 108.904
2021-05-03 4185.75 1791.4 124.085938 109.087
2021-05-04 4158.25 1775.8 124.109375 109.329
2021-05-05 4160 1784.1 124.203125 109.219
2021-05-06 4194.25 1815.5 124.242188 109.05
2021-05-10 4183.5 1837.5 124.359375 108.844
2021-05-11 4146.25 1835.9 124.257813 108.715
2021-05-12 4058.75 1822.6 123.96875 109.664
2021-05-13 4107 1823.8 124.109375 109.516
2021-05-17 4157.75 1867.5 124.140625 109.242
2021-05-18 4123 1867.8 124.1875 108.868
To complete the task, simply go through the sheets of this workbook in order. Read through the instructions and then fill in th
e instructions and then fill in the remaining coloured cells.
It is important for traders to be able to visualise data clearly.
In this sheet, you should produce a graph that shows how the four assets have performed over time.
You may need to normalise the data first so that all assets can be seen clearly on the one graph.
One standard way to do this is to divide the price of each asset by its original value (the first value in the dataset) and then mu

TASK. Fill in the table of normalised data and produce a line graph showing how the assets have moved over time.

Normalised Data
Date S&P500 Gold US Gov Bond USD/JPY
2019-01-02 100.00 100.00 100.00 100.00
2019-01-03 97.48 100.84 100.54 97.97
2019-01-04 100.81 100.13 100.06 98.30 180.00

2019-01-07 101.57 100.45 99.91 98.96

170.00
2019-01-08 102.45 100.17 99.69 99.04
2019-01-09 102.85 100.65 99.73 99.19
160.00
2019-01-10 103.31 100.29 99.74 98.65
2019-01-11 103.35 100.48 99.86 98.75 150.00
2019-01-14 102.77 100.63 99.85 98.90
2019-01-15 103.76 100.41 99.86 98.71 140.00
2019-01-16 104.07 100.83 99.78 99.07
2019-01-17 104.95 100.78 99.66 99.42 130.00
2019-01-18 106.39 100.02 99.45 99.53
2019-01-22 104.82 100.12 99.66 100.00 120.00

2019-01-23 105.07 100.16 99.56 99.71

110.00
2019-01-24 104.90 99.85 99.75 99.84
2019-01-25 106.07 101.28 99.56 99.94
100.00
2019-01-28 105.22 101.67 99.60 99.76
2019-01-29 105.15 102.12 99.73 99.62 90.00
2019-01-30 106.83 102.26 99.91 99.77
2019-01-31 107.71 103.02 100.15 99.37 80.00
2019-01-02 2019-03-11 2019-05-23 2019-08-19 2019-11-
2019-02-01 107.70 102.80 99.86 99.25
2019-02-04 108.37 102.60 99.75 99.79 Gold
2019-02-05 108.76 102.59 99.84 100.27
2019-02-06 108.70 102.22 99.85 100.25
2019-02-07 107.69 102.22 100.05 100.28
2019-02-08 107.78 102.55 100.11 100.08
2019-02-11 107.86 102.03 99.96 100.13
2019-02-12 109.31 102.20 99.90 100.67
2019-02-13 109.50 102.33 99.75 100.77
2019-02-14 109.26 102.25 99.97 101.14
2019-02-15 110.59 102.90 99.88 100.79
2019-02-19 110.66 104.61 99.98 100.84
2019-02-20 110.99 104.86 99.95 100.82
2019-02-21 110.48 103.32 99.81 101.00
2019-02-22 111.16 103.76 99.98 100.95
2019-02-25 111.39 103.51 99.90 101.01
2019-02-26 111.17 103.44 100.05 101.26
2019-02-27 111.31 102.86 99.88 100.81
2019-02-28 110.90 102.48 99.81 101.09
2019-03-01 111.71 101.20 99.62 101.54
2019-03-04 111.17 100.30 99.73 102.07
2019-03-05 111.17 100.08 99.73 101.92
2019-03-06 110.37 100.30 99.85 102.00
2019-03-07 109.52 100.22 100.09 101.78
2019-03-08 109.40 101.25 100.14 101.79
2019-03-11 110.87 100.61 100.07 101.29
2019-03-12 111.19 101.19 100.18 101.53
2019-03-13 112.09 102.07 100.18 101.49
2019-03-14 111.80 100.97 100.12 101.39
2019-03-15 111.98 101.62 100.24 101.90
2019-03-18 113.12 101.51 100.18 101.73
2019-03-19 112.96 101.87 100.14 101.55
2019-03-20 112.58 101.52 100.48 101.58
2019-03-21 114.00 101.96 100.46 100.90
2019-03-22 111.94 102.39 100.80 101.04
2019-03-25 111.79 103.19 101.03 100.38
2019-03-26 112.43 102.60 101.05 100.36
2019-03-27 111.93 102.26 101.20 100.81
2019-03-28 112.35 100.69 101.08 100.75
2019-03-29 113.01 100.94 100.94 100.88
2019-04-01 114.32 100.58 100.72 101.63
2019-04-02 114.18 100.70 100.81 101.49
2019-04-03 114.69 100.69 100.69 101.57
2019-04-04 114.80 100.62 100.69 101.81
2019-04-08 115.42 101.26 100.64 101.63
2019-04-09 114.79 101.76 100.73 101.31
2019-04-10 115.27 102.19 100.82 101.20
2019-04-11 115.16 100.59 100.67 101.78
2019-04-15 115.87 100.45 100.44 102.07
2019-04-16 115.95 99.34 100.29 102.12
2019-04-17 115.51 99.31 100.33 102.16
2019-04-18 115.89 99.29 100.46 102.12
2019-04-22 115.99 99.41 100.38 102.06
2019-04-23 117.01 99.09 100.50 102.01
2019-04-24 116.72 99.57 100.69 102.24
2019-04-25 116.54 99.59 100.63 101.71
2019-04-29 117.20 99.81 100.69 101.83
2019-04-30 117.42 100.14 100.83 101.57
2019-05-01 116.41 100.03 100.74 101.63
2019-05-02 116.19 99.12 100.50 101.67
2019-05-06 116.79 100.05 100.73 101.04
2019-05-07 115.12 100.20 100.90 100.54
2019-05-08 114.98 99.88 100.78 100.33
2019-05-09 114.41 100.20 100.91 100.13
2019-05-13 111.79 101.49 101.18 99.53
2019-05-14 113.07 101.07 101.12 100.00
2019-05-15 113.70 101.19 101.30 99.82
2019-05-16 114.64 100.31 101.16 100.19
2019-05-20 113.26 99.62 101.08 100.37
2019-05-21 114.14 99.30 100.97 100.37
2019-05-22 113.80 99.42 101.13 100.50
2019-05-23 112.29 100.30 101.54 99.90
2019-05-28 111.71 99.65 101.59 99.71
2019-05-29 110.71 99.97 101.72 99.89
2019-05-30 111.13 100.48 101.75 99.72
2019-06-03 109.50 103.26 102.55 98.50
2019-06-04 111.71 103.31 102.40 98.71
2019-06-05 112.61 103.69 102.49 98.78
2019-06-06 113.33 104.42 102.38 98.89
2019-06-10 115.06 103.41 102.26 98.81
2019-06-11 114.97 103.54 102.27 98.91
2019-06-12 114.74 103.97 102.38 98.92
2019-06-13 115.27 104.54 102.58 98.77
2019-06-17 115.17 104.50 102.50 98.97
2019-06-18 116.36 105.12 102.55 99.00
2019-06-19 116.65 104.96 102.79 98.58
2019-06-20 117.71 108.74 102.94 97.82
2019-06-24 117.56 110.41 102.90 97.87
2019-06-25 116.37 110.45 102.98 97.72
2019-06-26 116.21 110.20 102.68 98.24
2019-06-27 116.73 109.95 102.90 98.25
2019-07-01 118.19 108.17 102.86 98.81
2019-07-02 118.66 109.65 103.06 98.30
2019-07-08 118.62 109.06 102.60 99.14
2019-07-09 118.76 109.09 102.49 99.32
2019-07-10 119.37 110.08 102.66 98.78
2019-07-11 119.63 109.63 102.46 99.02
2019-07-15 120.16 110.18 102.57 98.38
2019-07-16 119.75 110.01 102.43 98.66
2019-07-17 118.88 110.95 102.64 98.42
2019-07-18 119.37 111.33 102.81 97.93
2019-07-22 119.04 111.26 102.76 98.39
2019-07-23 119.79 110.86 102.64 98.69
2019-07-24 120.33 111.07 102.68 98.65
2019-07-25 119.73 110.37 102.53 99.09
2019-07-29 120.34 110.82 102.61 99.27
2019-07-30 119.96 111.61 102.55 98.99
2019-07-31 118.77 111.33 102.50 99.23
2019-08-01 117.56 110.92 103.23 97.96
2019-08-05 112.70 114.33 103.79 96.28
2019-08-06 114.54 114.94 103.75 96.96
2019-08-07 114.72 117.67 103.92 96.77
2019-08-08 117.08 116.92 103.77 96.54
2019-08-12 114.71 117.51 103.96 96.07
2019-08-13 116.77 117.27 103.56 97.19
2019-08-14 113.13 118.34 103.88 96.58
2019-08-15 113.44 118.63 104.14 96.73
2019-08-19 116.44 117.13 103.99 97.18
2019-08-20 115.42 117.46 104.09 96.91
2019-08-21 116.66 117.46 103.94 97.20
2019-08-22 116.38 116.89 103.82 97.08
2019-08-26 114.82 119.15 104.06 96.64
2019-08-27 114.12 120.30 104.22 96.42
2019-08-28 115.08 120.05 104.32 96.72
2019-08-29 116.56 119.16 104.15 97.05
2019-09-03 115.73 120.68 104.45 96.53
2019-09-04 117.03 121.02 104.56 96.95
2019-09-05 118.36 118.30 104.05 97.63
2019-09-09 118.61 117.27 103.84 97.87
2019-09-10 118.62 116.34 103.48 97.87
2019-09-11 119.55 116.66 103.39 97.87
2019-09-12 119.94 116.99 103.13 97.87
2019-09-16 119.43 117.34 102.93 97.87
2019-09-17 119.69 117.49 103.09 97.87
2019-09-18 119.72 117.68 103.08 97.87
2019-09-19 119.71 116.97 103.12 97.87
2019-09-23 119.35 118.95 103.39 97.87
2019-09-24 118.29 119.60 103.71 97.87
2019-09-25 118.93 117.46 103.32 97.87
2019-09-26 118.70 117.68 103.46 97.87
2019-09-30 118.62 114.42 103.52 97.87
2019-10-01 117.00 115.69 104.12 97.87
2019-10-02 114.72 117.17 104.42 97.87
2019-10-03 115.96 117.65 104.80 97.87
2019-10-07 116.99 116.92 104.55 97.80
2019-10-08 115.19 116.88 104.67 97.80
2019-10-09 116.25 117.57 104.44 97.73
2019-10-10 117.12 116.69 104.15 98.37
2019-10-14 118.10 116.45 103.85 98.83
2019-10-15 119.38 115.35 103.64 99.22
2019-10-16 119.14 116.16 103.77 99.10
2019-10-17 119.39 116.49 103.71 99.01
2019-10-21 119.73 115.72 103.63 99.03
2019-10-22 119.26 115.67 103.68 98.92
2019-10-23 119.70 116.31 103.71 99.06
2019-10-24 119.64 117.01 103.69 99.03
2019-10-28 120.92 116.32 103.34 99.15
2019-10-29 120.90 116.08 103.37 99.36
2019-10-30 121.38 116.57 103.45 99.28
2019-10-31 120.90 117.99 103.94 99.20
2019-11-01 121.99 117.72 103.77 98.48
2019-11-04 122.49 117.72 103.58 98.68
2019-11-05 122.34 115.60 103.30 99.11
2019-11-06 122.48 116.33 103.47 99.52
2019-11-07 122.90 114.30 103.01 99.31
2019-11-08 123.08 114.07 103.03 99.64
2019-11-11 122.96 113.62 102.98 99.60
2019-11-12 123.14 113.36 103.09 99.43
2019-11-13 123.28 114.11 103.26 99.38
2019-11-14 123.34 114.89 103.48 99.21
2019-11-15 124.18 114.54 103.38 98.93
2019-11-18 124.32 114.82 103.47 99.12
2019-11-19 124.19 115.01 103.49 99.08
2019-11-20 123.82 115.01 103.66 98.88
2019-11-21 123.62 114.22 103.53 98.91
2019-11-22 123.91 114.22 103.46 99.01
2019-11-25 124.76 113.71 103.51 99.14
2019-11-26 125.20 113.96 103.60 99.38
2019-11-27 125.60 113.46 103.42 99.48
2019-12-02 124.02 114.15 103.30 99.88
2019-12-03 123.10 115.39 103.80 99.41
2019-12-04 123.89 115.07 103.49 99.07
2019-12-05 124.16 115.29 103.45 99.24
2019-12-06 125.29 113.90 103.24 99.15
2019-12-09 124.83 113.92 103.26 99.05
2019-12-10 124.89 114.18 103.20 99.01
2019-12-11 125.17 114.71 103.37 99.18
2019-12-12 126.16 114.50 103.00 98.98
2019-12-13 126.32 115.19 103.33 99.77
2019-12-16 127.21 115.14 103.08 99.76
2019-12-17 127.12 115.11 103.12 99.92
2019-12-18 127.23 114.96 103.02 99.86
2019-12-19 127.72 115.39 103.12 99.89
2019-12-20 128.67 115.12 103.08 99.74
2019-12-23 128.52 115.73 102.98 99.85
2019-12-26 129.21 117.82 103.13 99.73
2019-12-27 128.93 118.17 103.32 99.89
2019-12-30 128.38 118.23 103.34 99.78
2019-12-31 128.67 118.62 103.29 99.28
2020-01-02 129.79 119.01 103.47 99.13
2020-01-03 128.85 120.94 103.81 98.97
2020-01-06 129.17 122.26 103.73 98.45
2020-01-07 128.84 122.70 103.69 98.85
2020-01-08 129.84 121.58 103.49 98.49
2020-01-09 130.47 121.13 103.54 99.42
2020-01-10 130.02 121.58 103.60 99.85
2020-01-13 131.01 120.87 103.54 99.91
2020-01-14 130.94 120.41 103.64 100.30
2020-01-15 131.17 121.16 103.73 100.17
2020-01-16 132.08 120.92 103.64 100.20
2020-01-17 132.42 121.69 103.61 100.46
2020-01-21 132.20 121.50 103.86 100.46
2020-01-22 132.21 121.41 103.86 100.22
2020-01-23 132.46 122.14 103.95 100.05
2020-01-24 131.16 122.65 104.18 99.89
2020-01-27 129.01 123.09 104.46 99.21
2020-01-28 130.56 122.50 104.33 99.32
2020-01-29 130.33 122.54 104.54 99.51
2020-01-30 131.01 123.61 104.69 99.38
2020-01-31 128.40 123.57 104.91 99.28
2020-02-03 129.25 123.12 104.84 98.82
2020-02-04 131.40 121.03 104.50 99.04
2020-02-05 132.82 121.61 104.34 99.80
2020-02-06 133.22 122.18 104.32 100.13
2020-02-07 132.44 122.45 104.56 100.27
2020-02-10 133.53 122.93 104.71 99.98
2020-02-11 133.71 122.22 104.53 100.09
2020-02-12 134.63 122.36 104.38 100.16
2020-02-13 134.51 122.96 104.39 100.16
2020-02-14 134.65 123.55 104.50 100.08
2020-02-18 134.18 124.90 104.59 100.15
2020-02-19 134.90 125.49 104.51 100.23
2020-02-20 134.18 126.20 104.67 101.41
2020-02-21 132.98 128.38 104.89 102.08
2020-02-24 128.48 130.55 105.31 101.72
2020-02-25 124.75 128.56 105.59 101.08
2020-02-26 123.86 128.02 105.71 100.56
2020-02-27 117.76 128.02 105.79 100.63
2020-02-28 117.52 122.10 106.61 99.99
2020-03-02 122.06 124.30 106.83 98.20
2020-03-03 119.35 128.19 107.22 98.92
2020-03-04 124.04 128.11 107.39 97.60
2020-03-05 120.09 130.09 107.60 98.18
2020-03-06 118.04 130.43 108.10 96.88
2020-03-09 109.43 130.72 108.59 94.78
2020-03-10 114.13 129.52 107.80 94.02
2020-03-11 109.13 128.13 107.65 95.77
2020-03-12 98.33 124.07 107.81 95.33
2020-03-13 107.37 118.32 107.41 95.39
2020-03-16 96.23 116.00 108.26 97.28
2020-03-17 99.38 119.04 107.59 96.81
2020-03-18 96.14 115.32 106.89 97.91
2020-03-19 95.71 115.43 107.52 98.81
2020-03-20 97.09 115.85 108.13 101.48
2020-03-23 88.43 122.33 108.83 100.72
2020-03-24 97.09 129.60 108.42 101.06
2020-03-25 98.25 127.42 108.56 101.32
2020-03-26 103.86 128.81 108.64 101.10
2020-03-27 100.52 126.77 108.71 99.49
2020-03-30 103.99 126.62 109.16 98.51
2020-03-31 102.34 123.61 109.17 98.03
2020-04-01 97.49 123.20 109.33 97.80
2020-04-02 100.22 126.91 109.26 98.48
2020-04-06 105.32 130.91 109.00 99.50
2020-04-07 105.22 129.96 108.83 99.07
2020-04-08 108.92 130.01 108.91 99.32
2020-04-09 110.70 135.53 109.16 98.99
2020-04-13 109.89 136.21 109.06 98.14
2020-04-14 113.22 137.14 109.14 97.66
2020-04-15 110.51 134.83 109.48 98.12
2020-04-16 111.01 134.30 109.46 98.43
2020-04-20 111.77 132.83 109.40 98.18
2020-04-21 108.80 131.01 109.47 98.22
2020-04-22 111.05 134.95 109.34 98.31
2020-04-23 110.74 135.31 109.31 98.18
2020-04-27 114.26 133.64 109.18 97.83
2020-04-28 114.19 133.53 109.33 97.33
2020-04-29 117.12 132.97 109.35 97.21
2020-04-30 115.59 131.48 109.41 97.83
2020-05-04 112.51 133.25 109.37 97.29
2020-05-05 113.83 133.05 109.33 97.07
2020-05-06 112.84 131.48 109.30 96.83
2020-05-07 114.70 134.41 109.66 96.98
2020-05-11 116.40 132.34 109.39 98.08
2020-05-12 113.60 133.05 109.49 97.69
2020-05-13 112.03 133.79 109.58 97.51
2020-05-14 113.38 135.68 109.65 97.90
2020-05-18 117.40 135.19 109.33 97.91
2020-05-19 116.24 136.16 109.47 98.31
2020-05-20 118.22 136.66 109.55 98.11
2020-05-21 116.97 134.31 109.52 98.14
2020-05-26 119.26 133.08 109.48 98.01
2020-05-27 120.89 133.51 109.54 98.29
2020-05-28 120.99 133.75 109.52 98.15
2020-06-01 121.62 135.66 109.71 98.07
2020-06-02 122.54 134.68 109.62 99.22
2020-06-03 124.16 132.54 109.38 99.39
2020-06-04 123.87 134.18 109.30 99.53
2020-06-08 128.53 132.58 109.11 98.85
2020-06-09 127.66 133.86 109.31 98.29
2020-06-10 126.88 133.75 109.60 97.55
2020-06-11 119.88 135.21 109.69 97.39
2020-06-15 122.38 134.29 109.60 97.99
2020-06-16 124.60 135.02 109.52 97.94
2020-06-17 124.17 134.99 109.55 97.47
2020-06-18 123.82 134.64 109.59 97.57
2020-06-22 123.88 137.14 109.57 97.48
2020-06-23 124.19 138.34 109.62 97.05
2020-06-24 121.43 137.85 109.65 97.61
2020-06-25 122.29 137.56 109.66 97.71
2020-06-29 121.38 138.55 109.86 98.11
2020-06-30 123.07 139.97 109.85 98.47
2020-07-01 123.58 138.42 109.52 97.90
2020-07-02 124.61 139.27 109.60 98.02
2020-07-06 126.32 139.62 109.55 97.89
2020-07-07 124.91 140.84 109.60 98.09
2020-07-08 125.99 141.73 109.63 97.83
2020-07-09 125.09 140.45 109.70 97.78
2020-07-13 125.38 141.37 109.60 97.82
2020-07-14 126.78 141.34 109.67 97.79
2020-07-15 128.22 141.41 109.65 97.49
2020-07-16 127.22 140.41 109.69 97.82
2020-07-20 129.24 141.76 109.64 97.75
2020-07-21 129.48 143.83 109.71 97.41
2020-07-22 130.05 145.52 109.70 97.73
2020-07-23 128.53 147.47 109.71 97.42
2020-07-27 128.72 150.74 109.64 95.98
2020-07-28 127.96 151.81 109.75 95.84
2020-07-29 129.53 152.50 109.82 95.77
2020-07-30 129.38 151.62 109.90 95.45
2020-08-03 130.96 153.47 109.93 96.68
2020-08-04 131.42 156.22 110.05 96.30
2020-08-05 132.06 158.56 109.95 96.25
2020-08-06 133.18 160.15 109.97 96.27
2020-08-10 133.52 158.03 109.88 96.65
2020-08-11 132.62 150.87 109.63 97.13
2020-08-12 134.21 151.05 109.63 97.40
2020-08-13 134.12 152.75 109.53 97.55
2020-08-17 134.60 154.96 109.68 96.65
2020-08-18 134.89 156.08 109.71 95.95
2020-08-19 134.32 152.90 109.72 96.73
2020-08-20 134.64 150.96 109.75 96.35
2020-08-24 136.50 150.48 109.68 96.65
2020-08-25 137.12 149.24 109.65 97.02
2020-08-26 138.60 151.50 109.65 96.52
2020-08-27 138.80 150.01 109.58 97.24
2020-08-31 139.35 153.60 109.79 96.66
2020-09-01 140.46 153.65 109.82 96.56
2020-09-02 142.54 151.01 109.81 96.85
2020-09-03 137.85 150.48 109.88 96.73
2020-09-08 132.84 150.90 109.74 96.63
2020-09-09 135.41 151.81 109.73 96.87
2020-09-10 133.03 152.55 109.78 96.79
2020-09-14 134.71 152.47 109.80 96.40
2020-09-15 135.61 152.72 109.77 96.09
2020-09-16 134.99 153.02 109.75 95.80
2020-09-17 133.87 151.44 109.77 95.47
2020-09-21 130.43 148.42 109.77 95.46
2020-09-22 131.39 148.21 109.82 95.77
2020-09-23 128.68 145.19 109.77 96.02
2020-09-24 128.95 145.85 109.78 96.14
2020-09-28 133.25 146.20 109.82 96.14
2020-09-29 132.77 147.88 109.87 96.35
2020-09-30 133.49 147.35 109.80 96.15
2020-10-01 134.12 148.98 109.88 96.24
2020-10-05 135.13 149.30 109.65 96.39
2020-10-06 133.54 148.41 109.68 96.33
2020-10-07 135.67 147.04 109.57 96.62
2020-10-08 136.90 147.43 109.66 96.67
2020-10-12 140.69 150.08 109.63 96.05
2020-10-13 139.58 147.42 109.77 96.17
2020-10-14 138.63 148.42 109.77 95.87
2020-10-15 138.41 148.57 109.73 96.07
2020-10-19 136.31 148.82 109.65 96.17
2020-10-20 136.69 149.13 109.62 96.18
2020-10-21 136.70 150.24 109.58 95.45
2020-10-22 137.37 148.41 109.49 95.67
2020-10-26 135.15 148.53 109.58 95.45
2020-10-27 134.73 149.01 109.65 95.59
2020-10-28 129.97 146.46 109.66 95.33
2020-10-29 131.51 145.64 109.56 95.12
2020-10-30 130.02 146.56 109.52 95.34
2020-11-02 131.44 147.57 109.52 95.36
2020-11-03 133.87 148.99 109.46 95.49
2020-11-04 136.80 147.90 109.74 95.33
2020-11-05 139.58 151.86 109.68 95.23
2020-11-06 139.42 152.25 109.56 94.47
2020-11-09 141.14 144.67 109.23 94.15
2020-11-10 141.02 146.40 109.18 95.87
2020-11-11 142.09 145.25 109.21 95.98
2020-11-12 140.68 146.18 109.43 96.12
2020-11-13 142.65 147.21 109.41 95.83
2020-11-16 144.29 147.33 109.39 95.45
2020-11-17 143.64 147.11 109.47 95.32
2020-11-18 141.98 146.25 109.42 95.00
2020-11-19 142.57 145.28 109.48 94.74
2020-11-20 141.55 146.18 109.52 94.67
2020-11-23 142.41 143.47 109.48 94.66
2020-11-24 144.67 140.89 109.48 95.31
2020-11-25 144.45 140.96 109.49 95.30
2020-11-30 144.30 138.62 109.60 94.91
2020-12-01 145.78 141.62 109.33 95.10
2020-12-02 146.05 142.52 109.37 95.11
2020-12-03 145.94 143.39 109.45 95.25
2020-12-04 147.27 143.32 109.40 94.67
2020-12-07 146.98 145.34 109.52 95.01
2020-12-08 147.43 146.04 109.52 94.83
2020-12-09 146.26 143.22 109.45 94.95
2020-12-10 146.10 143.14 109.56 95.08
2020-12-11 145.81 143.62 109.67 95.00
2020-12-14 145.22 142.76 109.67 94.78
2020-12-15 147.13 144.60 109.61 94.84
2020-12-16 147.38 144.89 109.64 94.50
2020-12-17 148.20 147.32 109.60 94.35
2020-12-18 148.40 147.21 109.60 94.04
2020-12-21 146.78 146.70 109.58 94.34
2020-12-22 146.45 145.71 109.66 94.23
2020-12-23 146.61 146.35 109.63 94.41
2020-12-28 148.45 146.54 109.67 94.41
2020-12-29 148.15 146.74 109.68 94.55
2020-12-30 148.32 147.62 109.70 94.43
2020-12-31 149.29 147.78 109.74 94.03
2021-01-04 147.04 151.81 110.04 94.14
2021-01-05 148.08 152.44 109.93 94.03
2021-01-06 148.96 148.86 109.68 93.63
2021-01-07 151.15 149.28 109.61 93.94
2021-01-08 152.03 143.18 109.51 94.64
2021-01-11 151.02 144.39 109.44 94.91
2021-01-12 151.12 143.86 109.41 94.95
2021-01-13 151.48 144.70 109.53 94.61
2021-01-14 150.99 144.44 109.50 94.68
2021-01-15 149.83 142.80 109.62 94.67
2021-01-19 150.96 143.60 109.66 94.56
2021-01-20 153.13 145.66 109.67 94.74
2021-01-21 153.17 145.61 109.67 94.43
2021-01-22 152.70 144.86 109.73 94.38
2021-01-25 153.27 144.80 109.83 94.63
2021-01-26 153.03 144.47 109.82 94.61
2021-01-27 149.11 144.02 109.88 94.47
2021-01-28 150.51 143.47 109.80 94.96
2021-01-29 147.56 144.21 109.75 95.10
2021-02-01 149.97 145.26 109.84 95.46
2021-02-02 152.06 142.90 109.75 95.64
2021-02-03 152.27 143.03 109.69 95.77
2021-02-04 153.90 139.65 109.71 95.74
2021-02-05 154.53 141.37 109.69 96.27
2021-02-08 155.64 143.01 109.64 96.11
2021-02-09 155.54 143.27 109.65 95.94
2021-02-10 155.44 143.68 109.73 95.36
2021-02-11 155.79 142.46 109.73 95.39
2021-02-12 156.55 142.20 109.64 95.51
2021-02-16 156.42 140.30 109.33 96.10
2021-02-17 156.43 138.26 109.35 96.75
2021-02-18 155.69 138.44 109.41 96.53
2021-02-19 155.44 138.63 109.30 96.34
2021-02-22 154.26 141.04 109.23 96.21
2021-02-23 154.44 140.86 109.30 95.73
2021-02-24 156.21 140.23 109.17 96.00
2021-02-25 152.45 138.52 108.41 96.60
2021-02-26 151.70 134.90 108.48 97.00
2021-03-01 155.27 134.47 108.77 97.11
2021-03-02 154.02 135.29 108.94 97.43
2021-03-03 152.00 133.90 108.71 97.35
2021-03-04 149.96 132.72 108.51 97.62
2021-03-05 152.89 132.55 108.49 98.44
2021-03-08 152.10 130.97 108.23 98.86
2021-03-09 154.25 134.00 108.35 99.34
2021-03-10 155.18 134.39 108.47 99.01
2021-03-11 156.78 134.45 108.52 98.87
2021-03-12 157.00 134.23 108.28 98.99
2021-03-15 158.00 134.96 108.33 99.50
2021-03-16 157.81 135.10 108.37 99.51
2021-03-17 158.26 134.80 108.59 99.42
2021-03-18 155.97 135.22 108.26 99.29
2021-03-19 155.82 135.94 108.24 99.33
2021-03-22 156.51 135.66 108.32 99.27
2021-03-23 155.31 134.64 108.43 99.19
2021-03-24 154.55 135.28 108.50 98.95
2021-03-25 155.34 134.65 108.59 99.20
2021-03-26 157.90 135.22 108.45 99.55
2021-03-29 157.67 133.65 108.32 100.15
2021-03-30 157.22 131.45 108.24 100.58
2021-03-31 158.00 133.79 108.22 100.99
2021-04-01 159.70 134.78 107.73 100.86
2021-04-05 162.00 134.82 107.58 100.48
2021-04-06 161.85 135.95 107.87 100.11
2021-04-07 162.09 135.84 107.96 100.17
2021-04-08 162.84 137.14 108.02 99.69
2021-04-12 164.09 135.14 107.78 99.73
2021-04-13 164.59 136.32 108.01 99.32
2021-04-14 164.00 135.43 107.92 99.29
2021-04-15 165.77 137.81 108.22 99.11
2021-04-19 165.49 138.13 108.08 98.57
2021-04-20 164.34 138.74 108.22 98.60
2021-04-21 165.86 139.91 108.20 98.51
2021-04-22 164.39 139.05 108.21 98.46
2021-04-26 166.45 138.89 108.08 98.66
2021-04-27 166.43 138.80 107.97 99.16
2021-04-28 166.32 138.42 108.05 98.94
2021-04-29 167.40 138.02 108.03 99.30
2021-05-03 166.70 139.84 108.19 99.47
2021-05-04 165.60 138.63 108.22 99.69
2021-05-05 165.67 139.27 108.30 99.59
2021-05-06 167.04 141.73 108.33 99.44
2021-05-10 166.61 143.44 108.43 99.25
2021-05-11 165.12 143.32 108.34 99.13
2021-05-12 161.64 142.28 108.09 100.00
2021-05-13 163.56 142.37 108.22 99.86
2021-05-17 165.58 145.78 108.24 99.61
2021-05-18 164.20 145.81 108.28 99.27
lue in the dataset) and then multiply by 100.

ave moved over time.

Assets

03-11 2019-05-23 2019-08-19 2019-11-06 2020-01-16 2020-03-24 2020-06-11 2020-09-01 2020-11-17 2021-01-28 2021-04-06

Gold S&P500 US Gov Bond USD/JPY

In this sheet, you will examine the linear regression between the different assets.

Many of these assets are correlated to each other. For example, here is a scatterplot of the S&P500 against Gold from the data

S&P500 vs Gold
4500

4000

3500

3000

2500

2000
1200 1300 1400 1500 1600 1700 1800 1900 2000 2100

The current (Gold, S&P500) pair has been added as a red dot. One might infer from the above graph that the S&P500 is curren
It is a large assumption that the fair value is on the trend line but we will adopt it to keep this analysis short.
Does it make sense to fit a trend line? Are the assets even correlated?
One way to measure the correlation between two variables is to use an R value. This is done for you below using the CORREL()

R 0.68

The R value is a measure of how well the line-of-best-fit (plotted) fits the above data. It ranges between -1 and 1.

You can also find the y-intercept and gradient of the line using INTERCEPT() and SLOPE():

y intercept 1058.90
gradient 1.33

Now we can answer the following question. How expensive is the S&P500 relative to Gold? We want to see how far the curren

Residual 575.19
Residual% 13.95

Currently, using the above methodology, the S&P500 is about 14% more expensive than gold.
Again, it is important to note that this analysis is massively oversimplified.

TASK. Using the above method, compare each pair of assets to fill in the remainder of the below table:
Make a table of gradients
 Residual% S&P500 Gold US Gov Bond USD/JPY Gradients
S&P500 14.0 18.1 24.2 S&P500
Gold -3.40 6.2 17.9 Gold
US Gov Bond -1.97 -1.47 3.4 US Gov Bond
USD/JPY 2.74 2.75 1.98 USD/JPY

Before we can make a call on what the best trade appears to be, we need to get a measure of the volatility for each of these a
 P500 against Gold from the data.

0 2000 2100

graph that the S&P500 is currently overpriced relative to Gold as the current point sits above the trend line.
analysis short.

or you below using the CORREL() function.

between -1 and 1.

e want to see how far the current market value is above the line of best fit (this is called a residual).

You can fill out these other tables to get there.

Make a table of gradients Make a table of intercepts
 S&P500 Gold US Gov Bond USD/JPY Intercepts S&P500 Gold
1.33 60.35 -76.58 S&P500 1058.90
0.35 49.98 -72.19 Gold 498.24
0.01 0.02 -1.33 US Gov Bond 103.11 92.18
0.00 -0.01 -0.37 USD/JPY 114.31 119.67

the volatility for each of these assets. We will do this in the next sheet.
Current Prices 4123.00 1867.80 124.19
US Gov Bond USD/JPY Residuals S&P500 Gold US Gov Bond
-4117.94 11460.51 4123.00 S&P500 575.19 746.55
-4454.58 9391.84 1867.80 Gold -63.44 115.58
264.45 124.19 US Gov Bond -2.44 -1.83
153.25 108.87 USD/JPY 2.99 3.00 2.16
108.87
USD/JPY Residuals (%) S&P500 Gold US Gov Bond USD/JPY
999.52 S&P500 13.95 18.11 24.24
334.89 Gold -3.40 6.19 17.93
4.26 US Gov Bond -1.97 -1.47 3.43 US Gov Bond
USD/JPY 2.74 2.75 1.98
Now that we have all the details, we can avera
 R Values S&P500 Gold US Gov Bond USD/JPY Average
S&P500 0.68 0.59 0.40 9.90 This number means that on avera
Gold 0.68 0.95 0.73 5.56
US Gov Bond 0.59 0.95 0.71 -0.05
USD/JPY 0.40 0.73 0.71 1.50
ave all the details, we can average out the residuals to see how over/under priced the asset is relative to the others. We also include the R
his number means that on average and relative to the other assets, the S&P500 is a 9.93% sell.
he others. We also include the R-values as weights, for a low R value implies a relationship of little meaning.
In the previous sheet, you saw a very rough way to compare prices between different assets.
In this sheet, you will calculate the volatility of each asset. Volatility is equal to the standard deviation of the returns of the p

Here is a quick lesson on how to calculate volatility.

Suppose we have a stock X with the following close prices. We will show you how to calculate the historical volatility in excel b

Date X Returns (%)

2021-04-14 100
2021-04-15 99.5 -0.5
2021-04-19 102 2.5
2021-04-20 101.5 -0.5
2021-04-21 100.5 -1.0
2021-04-22 96.5 -4.0
2021-04-26 97 0.5
2021-04-27 99 2.1
2021-04-28 101.5 2.5
2021-04-29 102.5 1.0
2021-05-03 103.5 1.0
2021-05-04 102 -1.4
2021-05-05 101 -1.0
2021-05-06 104.5 3.5
2021-05-10 103 -1.4
2021-05-11 103.5 0.5
2021-05-12 104 0.5
2021-05-13 102.5 -1.4
2021-05-17 107 4.4
2021-05-18 109.5 2.3

StdDev 2.1 Here we use the STDEV.S() function to get the

Volatility 32.6 Traders annualise volatility by multiplying by S

Therefore, the volatility of stock X is 32.6.

TASK. Use the data in the ClosePriceData tab to calculate the annualised volatility of each asset.

Start by building a table of returns:

Date S&P500 Gold US Gov Bond USD/JPY S&P500

2019-01-02 StdDev 1.61
2019-01-03 -2.52 0.84 0.54 -2.03 Volatility 25.61
2019-01-04 3.41 -0.70 -0.47 0.34
2019-01-07 0.76 0.32 -0.15 0.66
2019-01-08 0.86 -0.28 -0.22 0.09
2019-01-09 0.39 0.48 0.04 0.15
2019-01-10 0.45 -0.36 0.01 -0.54
2019-01-11 0.04 0.19 0.12 0.10
2019-01-14 -0.56 0.16 -0.01 0.15
2019-01-15 0.97 -0.22 0.01 -0.19
2019-01-16 0.30 0.42 -0.08 0.36
2019-01-17 0.84 -0.05 -0.12 0.36
2019-01-18 1.38 -0.75 -0.21 0.11
2019-01-22 -1.48 0.09 0.21 0.47
2019-01-23 0.24 0.05 -0.10 -0.29
2019-01-24 -0.16 -0.31 0.18 0.13
2019-01-25 1.12 1.43 -0.18 0.10
2019-01-28 -0.81 0.39 0.04 -0.18
2019-01-29 -0.07 0.45 0.13 -0.13
2019-01-30 1.60 0.13 0.18 0.15
2019-01-31 0.82 0.75 0.24 -0.40
2019-02-01 -0.01 -0.21 -0.29 -0.13
2019-02-04 0.63 -0.20 -0.11 0.55
2019-02-05 0.36 -0.01 0.08 0.48
2019-02-06 -0.05 -0.36 0.01 -0.02
2019-02-07 -0.93 -0.01 0.20 0.03
2019-02-08 0.08 0.33 0.05 -0.20
2019-02-11 0.07 -0.51 -0.15 0.05
2019-02-12 1.35 0.17 -0.05 0.54
2019-02-13 0.17 0.12 -0.15 0.10
2019-02-14 -0.22 -0.08 0.22 0.37
2019-02-15 1.22 0.63 -0.10 -0.35
2019-02-19 0.06 1.67 0.10 0.05
2019-02-20 0.30 0.24 -0.03 -0.02
2019-02-21 -0.46 -1.47 -0.14 0.17
2019-02-22 0.61 0.43 0.17 -0.05
2019-02-25 0.21 -0.25 -0.07 0.06
2019-02-26 -0.20 -0.06 0.14 0.25
2019-02-27 0.13 -0.56 -0.17 -0.44
2019-02-28 -0.37 -0.37 -0.07 0.28
2019-03-01 0.73 -1.25 -0.19 0.45
2019-03-04 -0.48 -0.89 0.12 0.52
2019-03-05 0.00 -0.22 -0.01 -0.14
2019-03-06 -0.72 0.23 0.12 0.08
2019-03-07 -0.78 -0.09 0.24 -0.22
2019-03-08 -0.11 1.03 0.05 0.01
2019-03-11 1.35 -0.63 -0.07 -0.50
2019-03-12 0.29 0.58 0.11 0.24
2019-03-13 0.81 0.86 0.01 -0.03
2019-03-14 -0.26 -1.08 -0.07 -0.10
2019-03-15 0.17 0.65 0.12 0.50
2019-03-18 1.02 -0.12 -0.05 -0.17
2019-03-19 -0.14 0.36 -0.04 -0.17
2019-03-20 -0.33 -0.34 0.34 0.03
2019-03-21 1.26 0.43 -0.03 -0.67
2019-03-22 -1.81 0.42 0.34 0.13
2019-03-25 -0.13 0.79 0.23 -0.65
2019-03-26 0.57 -0.57 0.02 -0.01
2019-03-27 -0.44 -0.33 0.15 0.44
2019-03-28 0.37 -1.53 -0.11 -0.06
2019-03-29 0.59 0.25 -0.14 0.13
2019-04-01 1.15 -0.36 -0.22 0.74
2019-04-02 -0.12 0.12 0.09 -0.13
2019-04-03 0.44 -0.01 -0.12 0.08
2019-04-04 0.10 -0.07 0.01 0.24
2019-04-08 0.54 0.63 -0.05 -0.18
2019-04-09 -0.54 0.49 0.09 -0.31
2019-04-10 0.42 0.43 0.09 -0.11
2019-04-11 -0.10 -1.57 -0.15 0.57
2019-04-15 0.61 -0.14 -0.23 0.29
2019-04-16 0.07 -1.10 -0.15 0.04
2019-04-17 -0.38 -0.03 0.04 0.04
2019-04-18 0.33 -0.02 0.12 -0.04
2019-04-22 0.09 0.13 -0.07 -0.05
2019-04-23 0.88 -0.33 0.12 -0.05
2019-04-24 -0.25 0.49 0.19 0.23
2019-04-25 -0.15 0.02 -0.05 -0.53
2019-04-29 0.57 0.22 0.06 0.12
2019-04-30 0.19 0.33 0.14 -0.25
2019-05-01 -0.86 -0.11 -0.09 0.05
2019-05-02 -0.19 -0.91 -0.23 0.04
2019-05-06 0.51 0.95 0.22 -0.62
2019-05-07 -1.42 0.14 0.17 -0.49
2019-05-08 -0.12 -0.32 -0.12 -0.21
2019-05-09 -0.50 0.32 0.13 -0.20
2019-05-13 -2.29 1.29 0.27 -0.59
2019-05-14 1.15 -0.42 -0.06 0.47
2019-05-15 0.55 0.12 0.18 -0.18
2019-05-16 0.82 -0.87 -0.14 0.36
2019-05-20 -1.20 -0.69 -0.08 0.18
2019-05-21 0.77 -0.32 -0.10 0.00
2019-05-22 -0.30 0.13 0.16 0.14
2019-05-23 -1.33 0.88 0.40 -0.60
2019-05-28 -0.51 -0.65 0.05 -0.19
2019-05-29 -0.89 0.32 0.13 0.18
2019-05-30 0.38 0.51 0.03 -0.17
2019-06-03 -1.47 2.77 0.78 -1.22
2019-06-04 2.02 0.05 -0.15 0.21
2019-06-05 0.81 0.37 0.09 0.07
2019-06-06 0.64 0.70 -0.11 0.12
2019-06-10 1.53 -0.96 -0.11 -0.09
2019-06-11 -0.08 0.13 0.01 0.11
2019-06-12 -0.21 0.41 0.11 0.01
2019-06-13 0.47 0.55 0.19 -0.15
2019-06-17 -0.09 -0.04 -0.08 0.20
2019-06-18 1.03 0.59 0.05 0.03
2019-06-19 0.25 -0.15 0.24 -0.42
2019-06-20 0.91 3.59 0.15 -0.78
2019-06-24 -0.13 1.54 -0.04 0.05
2019-06-25 -1.02 0.04 0.08 -0.15
2019-06-26 -0.14 -0.23 -0.29 0.53
2019-06-27 0.45 -0.23 0.21 0.01
2019-07-01 1.25 -1.62 -0.03 0.57
2019-07-02 0.40 1.37 0.19 -0.52
2019-07-08 -0.03 -0.54 -0.44 0.85
2019-07-09 0.12 0.04 -0.11 0.19
2019-07-10 0.52 0.90 0.17 -0.54
2019-07-11 0.22 -0.41 -0.20 0.23
2019-07-15 0.44 0.51 0.11 -0.64
2019-07-16 -0.34 -0.16 -0.14 0.29
2019-07-17 -0.73 0.86 0.21 -0.24
2019-07-18 0.42 0.34 0.17 -0.50
2019-07-22 -0.28 -0.06 -0.05 0.47
2019-07-23 0.64 -0.36 -0.11 0.30
2019-07-24 0.45 0.19 0.03 -0.04
2019-07-25 -0.50 -0.63 -0.15 0.44
2019-07-29 0.51 0.40 0.08 0.18
2019-07-30 -0.31 0.71 -0.05 -0.28
2019-07-31 -1.00 -0.25 -0.05 0.24
2019-08-01 -1.01 -0.36 0.71 -1.28
2019-08-05 -4.13 3.08 0.55 -1.71
2019-08-06 1.63 0.53 -0.05 0.70
2019-08-07 0.16 2.37 0.17 -0.20
2019-08-08 2.07 -0.64 -0.14 -0.23
2019-08-12 -2.03 0.51 0.18 -0.49
2019-08-13 1.80 -0.21 -0.39 1.17
2019-08-14 -3.11 0.91 0.31 -0.63
2019-08-15 0.27 0.24 0.26 0.16
2019-08-19 2.64 -1.26 -0.15 0.46
2019-08-20 -0.87 0.28 0.10 -0.28
2019-08-21 1.07 0.00 -0.15 0.30
2019-08-22 -0.24 -0.49 -0.11 -0.12
2019-08-26 -1.33 1.94 0.23 -0.46
2019-08-27 -0.62 0.96 0.15 -0.23
2019-08-28 0.85 -0.21 0.10 0.31
2019-08-29 1.28 -0.73 -0.16 0.35
2019-09-03 -0.71 1.27 0.29 -0.54
2019-09-04 1.12 0.28 0.10 0.44
2019-09-05 1.14 -2.25 -0.49 0.70
2019-09-09 0.21 -0.87 -0.20 0.25
2019-09-10 0.01 -0.79 -0.34 0.00
2019-09-11 0.79 0.28 -0.09 0.00
2019-09-12 0.32 0.29 -0.25 0.00
2019-09-16 -0.42 0.29 -0.19 0.00
2019-09-17 0.22 0.13 0.15 0.00
2019-09-18 0.02 0.16 -0.01 0.00
2019-09-19 -0.01 -0.60 0.04 0.00
2019-09-23 -0.30 1.69 0.26 0.00
2019-09-24 -0.89 0.55 0.30 0.00
2019-09-25 0.54 -1.79 -0.37 0.00
2019-09-26 -0.19 0.19 0.14 0.00
2019-09-30 -0.07 -2.77 0.06 0.00
2019-10-01 -1.37 1.11 0.58 0.00
2019-10-02 -1.95 1.28 0.29 0.00
2019-10-03 1.08 0.41 0.36 0.00
2019-10-07 0.88 -0.62 -0.23 -0.08
2019-10-08 -1.53 -0.03 0.12 0.00
2019-10-09 0.92 0.59 -0.22 -0.07
2019-10-10 0.75 -0.75 -0.28 0.65
2019-10-14 0.83 -0.21 -0.29 0.47
2019-10-15 1.09 -0.95 -0.20 0.40
2019-10-16 -0.21 0.70 0.13 -0.13
2019-10-17 0.22 0.29 -0.06 -0.09
2019-10-21 0.28 -0.66 -0.08 0.02
2019-10-22 -0.40 -0.05 0.05 -0.11
2019-10-23 0.38 0.55 0.03 0.15
2019-10-24 -0.05 0.60 -0.02 -0.03
2019-10-28 1.07 -0.59 -0.34 0.12
2019-10-29 -0.02 -0.20 0.03 0.21
2019-10-30 0.40 0.42 0.08 -0.08
2019-10-31 -0.39 1.22 0.47 -0.08
2019-11-01 0.91 -0.22 -0.16 -0.73
2019-11-04 0.41 0.00 -0.19 0.21
2019-11-05 -0.12 -1.80 -0.27 0.44
2019-11-06 0.11 0.63 0.17 0.42
2019-11-07 0.34 -1.74 -0.45 -0.21
2019-11-08 0.15 -0.20 0.02 0.33
2019-11-11 -0.10 -0.40 -0.05 -0.04
2019-11-12 0.15 -0.23 0.11 -0.17
2019-11-13 0.11 0.66 0.17 -0.04
2019-11-14 0.05 0.69 0.21 -0.18
2019-11-15 0.69 -0.31 -0.10 -0.28
2019-11-18 0.11 0.25 0.09 0.19
2019-11-19 -0.10 0.16 0.02 -0.03
2019-11-20 -0.30 0.00 0.16 -0.20
2019-11-21 -0.16 -0.69 -0.12 0.03
2019-11-22 0.24 0.00 -0.07 0.10
2019-11-25 0.68 -0.44 0.05 0.13
2019-11-26 0.35 0.22 0.08 0.24
2019-11-27 0.32 -0.44 -0.17 0.10
2019-12-02 -1.25 0.61 -0.11 0.40
2019-12-03 -0.75 1.09 0.48 -0.47
2019-12-04 0.65 -0.28 -0.30 -0.34
2019-12-05 0.22 0.20 -0.05 0.16
2019-12-06 0.91 -1.21 -0.20 -0.09
2019-12-09 -0.37 0.01 0.01 -0.10
2019-12-10 0.05 0.23 -0.05 -0.04
2019-12-11 0.22 0.46 0.16 0.17
2019-12-12 0.80 -0.18 -0.35 -0.20
2019-12-13 0.13 0.61 0.32 0.80
2019-12-16 0.70 -0.04 -0.24 -0.01
2019-12-17 -0.07 -0.03 0.04 0.16
2019-12-18 0.09 -0.14 -0.09 -0.05
2019-12-19 0.38 0.38 0.09 0.03
2019-12-20 0.75 -0.24 -0.04 -0.15
2019-12-23 -0.12 0.53 -0.09 0.11
2019-12-26 0.53 1.81 0.14 -0.12
2019-12-27 -0.22 0.30 0.19 0.16
2019-12-30 -0.43 0.05 0.01 -0.10
2019-12-31 0.23 0.33 -0.05 -0.51
2020-01-02 0.87 0.33 0.17 -0.15
2020-01-03 -0.72 1.62 0.34 -0.16
2020-01-06 0.25 1.10 -0.09 -0.53
2020-01-07 -0.25 0.36 -0.03 0.41
2020-01-08 0.77 -0.92 -0.19 -0.36
2020-01-09 0.48 -0.37 0.04 0.94
2020-01-10 -0.34 0.37 0.06 0.44
2020-01-13 0.77 -0.58 -0.05 0.05
2020-01-14 -0.05 -0.39 0.09 0.39
2020-01-15 0.17 0.63 0.09 -0.13
2020-01-16 0.69 -0.20 -0.09 0.03
2020-01-17 0.26 0.63 -0.03 0.27
2020-01-21 -0.17 -0.15 0.24 0.00
2020-01-22 0.01 -0.07 0.00 -0.24
2020-01-23 0.19 0.60 0.09 -0.16
2020-01-24 -0.98 0.42 0.22 -0.16
2020-01-27 -1.64 0.36 0.27 -0.68
2020-01-28 1.20 -0.48 -0.12 0.11
2020-01-29 -0.18 0.04 0.21 0.19
2020-01-30 0.53 0.87 0.14 -0.13
2020-01-31 -2.00 -0.04 0.21 -0.10
2020-02-03 0.67 -0.36 -0.07 -0.46
2020-02-04 1.66 -1.70 -0.32 0.22
2020-02-05 1.08 0.48 -0.15 0.77
2020-02-06 0.31 0.47 -0.02 0.34
2020-02-07 -0.59 0.22 0.24 0.14
2020-02-10 0.83 0.39 0.14 -0.29
2020-02-11 0.13 -0.58 -0.17 0.11
2020-02-12 0.69 0.11 -0.14 0.07
2020-02-13 -0.09 0.49 0.01 0.00
2020-02-14 0.10 0.48 0.10 -0.08
2020-02-18 -0.35 1.09 0.08 0.07
2020-02-19 0.53 0.47 -0.08 0.08
2020-02-20 -0.53 0.57 0.16 1.17
2020-02-21 -0.89 1.73 0.21 0.67
2020-02-24 -3.38 1.69 0.40 -0.35
2020-02-25 -2.91 -1.52 0.26 -0.63
2020-02-26 -0.71 -0.42 0.12 -0.52
2020-02-27 -4.93 0.00 0.08 0.07
2020-02-28 -0.20 -4.63 0.78 -0.64
2020-03-02 3.86 1.80 0.20 -1.79
2020-03-03 -2.22 3.13 0.37 0.73
2020-03-04 3.93 -0.06 0.16 -1.34
2020-03-05 -3.19 1.54 0.19 0.60
2020-03-06 -1.71 0.26 0.47 -1.33
2020-03-09 -7.30 0.22 0.45 -2.17
2020-03-10 4.29 -0.92 -0.73 -0.79
2020-03-11 -4.38 -1.07 -0.14 1.86
2020-03-12 -9.90 -3.17 0.15 -0.45
2020-03-13 9.19 -4.63 -0.37 0.06
2020-03-16 -10.38 -1.97 0.79 1.99
2020-03-17 3.28 2.62 -0.62 -0.48
2020-03-18 -3.27 -3.12 -0.65 1.13
2020-03-19 -0.45 0.09 0.59 0.92
2020-03-20 1.45 0.37 0.56 2.70
2020-03-23 -8.92 5.59 0.65 -0.74
2020-03-24 9.80 5.95 -0.38 0.33
2020-03-25 1.19 -1.68 0.13 0.26
2020-03-26 5.72 1.09 0.07 -0.22
2020-03-27 -3.22 -1.59 0.07 -1.59
2020-03-30 3.46 -0.12 0.41 -0.98
2020-03-31 -1.59 -2.38 0.01 -0.49
2020-04-01 -4.74 -0.33 0.15 -0.23
2020-04-02 2.80 3.01 -0.06 0.69
2020-04-06 5.09 3.16 -0.24 1.03
2020-04-07 -0.09 -0.73 -0.16 -0.43
2020-04-08 3.52 0.04 0.08 0.25
2020-04-09 1.64 4.25 0.23 -0.33
2020-04-13 -0.74 0.50 -0.09 -0.86
2020-04-14 3.04 0.68 0.07 -0.48
2020-04-15 -2.39 -1.68 0.31 0.47
2020-04-16 0.45 -0.39 -0.02 0.31
2020-04-20 0.68 -1.09 -0.05 -0.26
2020-04-21 -2.65 -1.38 0.06 0.05
2020-04-22 2.07 3.01 -0.12 0.09
2020-04-23 -0.28 0.27 -0.03 -0.14
2020-04-27 3.17 -1.23 -0.12 -0.36
2020-04-28 -0.06 -0.08 0.14 -0.51
2020-04-29 2.57 -0.42 0.02 -0.12
2020-04-30 -1.31 -1.13 0.06 0.63
2020-05-04 -2.66 1.35 -0.04 -0.55
2020-05-05 1.17 -0.15 -0.04 -0.23
2020-05-06 -0.87 -1.19 -0.02 -0.25
2020-05-07 1.64 2.23 0.33 0.16
2020-05-11 1.48 -1.54 -0.25 1.13
2020-05-12 -2.40 0.54 0.09 -0.40
2020-05-13 -1.38 0.56 0.09 -0.19
2020-05-14 1.21 1.41 0.06 0.40
2020-05-18 3.55 -0.36 -0.30 0.01
2020-05-19 -0.99 0.72 0.13 0.40
2020-05-20 1.70 0.37 0.07 -0.20
2020-05-21 -1.06 -1.72 -0.02 0.04
2020-05-26 1.96 -0.91 -0.04 -0.13
2020-05-27 1.37 0.32 0.05 0.29
2020-05-28 0.08 0.18 -0.02 -0.14
2020-06-01 0.53 1.43 0.17 -0.09
2020-06-02 0.75 -0.73 -0.08 1.17
2020-06-03 1.32 -1.59 -0.22 0.17
2020-06-04 -0.23 1.24 -0.07 0.14
2020-06-08 3.76 -1.20 -0.17 -0.68
2020-06-09 -0.68 0.97 0.17 -0.56
2020-06-10 -0.61 -0.08 0.27 -0.76
2020-06-11 -5.52 1.09 0.07 -0.17
2020-06-15 2.08 -0.68 -0.08 0.62
2020-06-16 1.81 0.54 -0.07 -0.05
2020-06-17 -0.34 -0.02 0.02 -0.48
2020-06-18 -0.29 -0.25 0.04 0.10
2020-06-22 0.06 1.85 -0.02 -0.10
2020-06-23 0.25 0.88 0.04 -0.44
2020-06-24 -2.23 -0.36 0.03 0.58
2020-06-25 0.71 -0.21 0.01 0.10
2020-06-29 -0.75 0.72 0.18 0.41
2020-06-30 1.39 1.03 -0.01 0.37
2020-07-01 0.41 -1.10 -0.30 -0.58
2020-07-02 0.84 0.61 0.08 0.12
2020-07-06 1.37 0.25 -0.05 -0.13
2020-07-07 -1.12 0.88 0.04 0.20
2020-07-08 0.86 0.63 0.02 -0.27
2020-07-09 -0.71 -0.90 0.07 -0.04
2020-07-13 0.23 0.66 -0.09 0.04
2020-07-14 1.12 -0.02 0.06 -0.03
2020-07-15 1.13 0.04 -0.01 -0.31
2020-07-16 -0.78 -0.70 0.04 0.34
2020-07-20 1.59 0.96 -0.05 -0.08
2020-07-21 0.18 1.46 0.06 -0.34
2020-07-22 0.44 1.18 -0.01 0.32
2020-07-23 -1.16 1.34 0.01 -0.31
2020-07-27 0.15 2.22 -0.06 -1.48
2020-07-28 -0.60 0.71 0.11 -0.15
2020-07-29 1.23 0.45 0.06 -0.07
2020-07-30 -0.12 -0.57 0.08 -0.33
2020-08-03 1.22 1.22 0.02 1.29
2020-08-04 0.35 1.79 0.11 -0.39
2020-08-05 0.48 1.49 -0.09 -0.06
2020-08-06 0.85 1.00 0.02 0.03
2020-08-10 0.25 -1.32 -0.09 0.39
2020-08-11 -0.68 -4.53 -0.23 0.50
2020-08-12 1.20 0.12 0.00 0.28
2020-08-13 -0.07 1.13 -0.09 0.15
2020-08-17 0.36 1.45 0.14 -0.93
2020-08-18 0.21 0.73 0.02 -0.73
2020-08-19 -0.42 -2.04 0.01 0.81
2020-08-20 0.24 -1.27 0.03 -0.39
2020-08-24 1.38 -0.32 -0.07 0.31
2020-08-25 0.45 -0.82 -0.03 0.39
2020-08-26 1.08 1.51 0.00 -0.52
2020-08-27 0.14 -0.98 -0.06 0.74
2020-08-31 0.39 2.39 0.19 -0.59
2020-09-01 0.80 0.03 0.02 -0.10
2020-09-02 1.48 -1.72 -0.01 0.29
2020-09-03 -3.29 -0.35 0.07 -0.11
2020-09-08 -3.64 0.28 -0.13 -0.11
2020-09-09 1.94 0.61 -0.01 0.25
2020-09-10 -1.76 0.49 0.04 -0.08
2020-09-14 1.26 -0.06 0.02 -0.40
2020-09-15 0.67 0.16 -0.02 -0.32
2020-09-16 -0.46 0.20 -0.01 -0.30
2020-09-17 -0.83 -1.03 0.01 -0.35
2020-09-21 -2.57 -2.00 0.00 -0.01
2020-09-22 0.74 -0.14 0.04 0.33
2020-09-23 -2.06 -2.04 -0.04 0.26
2020-09-24 0.21 0.45 0.01 0.12
2020-09-28 3.34 0.24 0.03 0.00
2020-09-29 -0.37 1.15 0.05 0.22
2020-09-30 0.55 -0.36 -0.07 -0.20
2020-10-01 0.47 1.11 0.08 0.09
2020-10-05 0.75 0.21 -0.21 0.16
2020-10-06 -1.17 -0.60 0.02 -0.06
2020-10-07 1.60 -0.92 -0.10 0.31
2020-10-08 0.90 0.27 0.08 0.05
2020-10-12 2.77 1.79 -0.03 -0.64
2020-10-13 -0.79 -1.77 0.13 0.12
2020-10-14 -0.68 0.68 0.00 -0.31
2020-10-15 -0.16 0.10 -0.04 0.21
2020-10-19 -1.52 0.17 -0.07 0.10
2020-10-20 0.28 0.21 -0.03 0.01
2020-10-21 0.01 0.74 -0.04 -0.76
2020-10-22 0.49 -1.22 -0.08 0.23
2020-10-26 -1.62 0.08 0.09 -0.23
2020-10-27 -0.31 0.32 0.06 0.14
2020-10-28 -3.53 -1.71 0.01 -0.27
2020-10-29 1.19 -0.56 -0.09 -0.22
2020-10-30 -1.14 0.63 -0.04 0.23
2020-11-02 1.10 0.69 0.00 0.02
2020-11-03 1.85 0.96 -0.05 0.14
2020-11-04 2.19 -0.73 0.26 -0.17
2020-11-05 2.03 2.68 -0.06 -0.10
2020-11-06 -0.11 0.26 -0.11 -0.80
2020-11-09 1.24 -4.98 -0.30 -0.34
2020-11-10 -0.08 1.20 -0.05 1.82
2020-11-11 0.76 -0.78 0.03 0.12
2020-11-12 -0.99 0.64 0.20 0.15
2020-11-13 1.40 0.70 -0.02 -0.31
2020-11-16 1.14 0.08 -0.02 -0.39
2020-11-17 -0.45 -0.15 0.07 -0.13
2020-11-18 -1.16 -0.58 -0.04 -0.34
2020-11-19 0.42 -0.66 0.05 -0.28
2020-11-20 -0.72 0.62 0.04 -0.07
2020-11-23 0.61 -1.86 -0.04 -0.01
2020-11-24 1.59 -1.80 0.00 0.68
2020-11-25 -0.15 0.05 0.01 -0.01
2020-11-30 -0.11 -1.66 0.10 -0.41
2020-12-01 1.03 2.16 -0.24 0.21
2020-12-02 0.18 0.64 0.04 0.01
2020-12-03 -0.07 0.61 0.07 0.14
2020-12-04 0.91 -0.05 -0.04 -0.61
2020-12-07 -0.20 1.41 0.11 0.36
2020-12-08 0.30 0.48 0.00 -0.19
2020-12-09 -0.80 -1.94 -0.06 0.13
2020-12-10 -0.11 -0.05 0.11 0.13
2020-12-11 -0.20 0.34 0.10 -0.09
2020-12-14 -0.40 -0.60 0.00 -0.23
2020-12-15 1.32 1.29 -0.06 0.07
2020-12-16 0.17 0.21 0.02 -0.36
2020-12-17 0.55 1.68 -0.03 -0.15
2020-12-18 0.13 -0.08 -0.01 -0.33
2020-12-21 -1.09 -0.34 -0.01 0.32
2020-12-22 -0.23 -0.67 0.07 -0.11
2020-12-23 0.12 0.43 -0.02 0.19
2020-12-28 1.25 0.13 0.04 0.00
2020-12-29 -0.20 0.13 0.01 0.15
2020-12-30 0.11 0.60 0.02 -0.13
2020-12-31 0.66 0.11 0.04 -0.42
2021-01-04 -1.51 2.73 0.27 0.11
2021-01-05 0.70 0.41 -0.10 -0.11
2021-01-06 0.60 -2.35 -0.23 -0.43
2021-01-07 1.47 0.28 -0.06 0.34
2021-01-08 0.58 -4.09 -0.09 0.74
2021-01-11 -0.67 0.85 -0.06 0.29
2021-01-12 0.07 -0.36 -0.02 0.04
2021-01-13 0.24 0.58 0.11 -0.36
2021-01-14 -0.33 -0.18 -0.03 0.08
2021-01-15 -0.76 -1.13 0.11 -0.01
2021-01-19 0.75 0.56 0.04 -0.12
2021-01-20 1.44 1.44 0.01 0.19
2021-01-21 0.03 -0.03 0.01 -0.33
2021-01-22 -0.31 -0.51 0.05 -0.05
2021-01-25 0.37 -0.04 0.09 0.26
2021-01-26 -0.16 -0.23 -0.01 -0.02
2021-01-27 -2.56 -0.31 0.06 -0.15
2021-01-28 0.93 -0.38 -0.07 0.52
2021-01-29 -1.96 0.51 -0.04 0.14
2021-02-01 1.63 0.73 0.07 0.38
2021-02-02 1.39 -1.63 -0.07 0.19
2021-02-03 0.14 0.09 -0.06 0.14
2021-02-04 1.07 -2.36 0.01 -0.03
2021-02-05 0.41 1.23 -0.02 0.55
2021-02-08 0.72 1.16 -0.04 -0.16
2021-02-09 -0.06 0.19 0.01 -0.18
2021-02-10 -0.06 0.29 0.08 -0.60
2021-02-11 0.23 -0.85 -0.01 0.04
2021-02-12 0.49 -0.18 -0.08 0.12
2021-02-16 -0.08 -1.34 -0.28 0.62
2021-02-17 0.01 -1.45 0.01 0.68
2021-02-18 -0.47 0.13 0.06 -0.23
2021-02-19 -0.17 0.14 -0.10 -0.20
2021-02-22 -0.76 1.74 -0.06 -0.13
2021-02-23 0.12 -0.13 0.06 -0.50
2021-02-24 1.15 -0.44 -0.12 0.28
2021-02-25 -2.41 -1.22 -0.69 0.63
2021-02-26 -0.49 -2.61 0.06 0.41
2021-03-01 2.35 -0.32 0.27 0.12
2021-03-02 -0.80 0.62 0.15 0.33
2021-03-03 -1.31 -1.03 -0.21 -0.09
2021-03-04 -1.34 -0.88 -0.18 0.28
2021-03-05 1.95 -0.13 -0.02 0.84
2021-03-08 -0.51 -1.20 -0.24 0.43
2021-03-09 1.41 2.32 0.11 0.48
2021-03-10 0.60 0.29 0.11 -0.33
2021-03-11 1.03 0.05 0.04 -0.13
2021-03-12 0.14 -0.16 -0.23 0.11
2021-03-15 0.64 0.55 0.05 0.52
2021-03-16 -0.13 0.10 0.04 0.02
2021-03-17 0.29 -0.22 0.20 -0.10
2021-03-18 -1.45 0.31 -0.30 -0.13
2021-03-19 -0.10 0.53 -0.02 0.04
2021-03-22 0.44 -0.21 0.07 -0.06
2021-03-23 -0.77 -0.75 0.11 -0.09
2021-03-24 -0.49 0.48 0.06 -0.24
2021-03-25 0.51 -0.46 0.08 0.25
2021-03-26 1.65 0.42 -0.13 0.36
2021-03-29 -0.15 -1.16 -0.13 0.60
2021-03-30 -0.28 -1.65 -0.07 0.43
2021-03-31 0.50 1.78 -0.03 0.40
2021-04-01 1.07 0.74 -0.45 -0.12
2021-04-05 1.44 0.03 -0.14 -0.38
2021-04-06 -0.09 0.84 0.27 -0.36
2021-04-07 0.15 -0.08 0.08 0.05
2021-04-08 0.47 0.96 0.06 -0.48
2021-04-12 0.76 -1.46 -0.22 0.04
2021-04-13 0.30 0.87 0.21 -0.41
2021-04-14 -0.36 -0.65 -0.09 -0.03
2021-04-15 1.08 1.76 0.28 -0.19
2021-04-19 -0.17 0.23 -0.13 -0.54
2021-04-20 -0.70 0.45 0.13 0.03
2021-04-21 0.93 0.84 -0.02 -0.09
2021-04-22 -0.89 -0.62 0.01 -0.06
2021-04-26 1.25 -0.11 -0.12 0.21
2021-04-27 -0.01 -0.07 -0.10 0.51
2021-04-28 -0.07 -0.27 0.08 -0.23
2021-04-29 0.65 -0.29 -0.02 0.37
2021-05-03 -0.42 1.32 0.15 0.17
2021-05-04 -0.66 -0.87 0.02 0.22
2021-05-05 0.04 0.47 0.08 -0.10
2021-05-06 0.82 1.76 0.03 -0.15
2021-05-10 -0.26 1.21 0.09 -0.19
2021-05-11 -0.89 -0.09 -0.08 -0.12
2021-05-12 -2.11 -0.72 -0.23 0.87
2021-05-13 1.19 0.07 0.11 -0.13
2021-05-17 1.24 2.40 0.03 -0.25
2021-05-18 -0.84 0.02 0.04 -0.34
eviation of the returns of the product and is a measure of how much each asset moves. It is often used as a proxy for how much risk the a

the historical volatility in excel below.

he STDEV.S() function to get the standard deviation of returns

lise volatility by multiplying by SQRT(252)

Gold US Gov Bond USD/JPY

1.14 0.19 0.46
18.13 2.96 7.33
a proxy for how much risk the asset carries.
Now, you need to calculate the risk-adjusted reward you see in each trade. This involves dividing the amount of reward you s

Reward Volatility Risk-Adjusted Reward

Short S&P500 9.90 25.61 0.39
Long Gold -5.56 18.13 -0.31
Long US Government Bonds 0.05 2.96 0.02
Short USD/JPY 1.50 7.33 0.20

Best trade is:

Short S&P500

Reason:
The asset is overpriced versus all other assets.
This is true even after adjusting for volatility.
Second best trade is to sell USD/JPY.

What are some drawbacks of this analysis?

Overly simplistic.
Doesn't consider nature and bounds of different classes.
Time period is fairly generic.
In reality, context to risk-off would provide insight.

BONUS QUESTION 1
What are some additional assets and trades you can think of that will protect you in a risk off scenario?
Buy put options on major stock indices (e.g. S&P500)
Buy VIX futures
Buy inverse leveraged ETF e.g. SQQQ
Short other stock indices e.g. Nikkei 225, Hang Seng Index, EuroStoxx
Short individual shares

BONUS QUESTION 2
Give an example of when one of the four original assets might not behave how you expect in a risk-off scenario?
It is possible for stocks and bonds to fall together at times.
Consider that many large companies hedge their long stock positions with long bonds.
In a scenario where stocks fall dramatically, companies may have liquidity issues and cash may need to be found quickly.
To get cash, these funds may need to liquidate their bond positions, and this would put downward pressure on bonds, affectin
See for example: https://money.stackexchange.com/questions/126543/why-did-bond-prices-temporarily-dip-in-march-2020
 viding the amount of reward you see by the volatility.

off scenario?

in a risk-off scenario?

may need to be found quickly.

wnward pressure on bonds, affecting the expected correlation.
es-temporarily-dip-in-march-2020