Pregunta N°1

Precios
Fecha Starbucks Coca-Cola Company Activision Blizzard Citigroup
1/2/2018 57.63 45.54 64.31 74.36
1/3/2018 58.71 45.44 65.31 74.59
1/4/2018 58.93 46.08 64.66 75.51
1/5/2018 59.61 46.07 66.37 75.41
1/8/2018 59.31 46.00 66.63 74.53
1/9/2018 59.18 46.23 66.19 75.31
1/10/2018 59.82 46.07 66.83 75.65
1/11/2018 60.00 46.04 69.24 75.56
1/12/2018 60.40 46.15 70.36 76.84
1/16/2018 60.56 46.53 68.71 77.11
1/17/2018 60.66 46.82 70.36 77.47
1/18/2018 61.09 46.88 69.80 77.39
1/19/2018 61.26 47.16 70.57 78.30
1/22/2018 61.41 47.38 71.30 78.59
1/23/2018 61.69 47.45 71.55 78.55
1/24/2018 60.83 47.83 70.08 79.45
1/25/2018 60.55 47.84 70.82 79.44
1/26/2018 57.99 48.53 72.52 80.08
1/29/2018 57.02 47.70 72.45 79.96
1/30/2018 57.19 47.41 71.61 78.62
1/31/2018 56.81 47.59 74.13 78.48
2/1/2018 56.00 47.45 73.35 79.20
2/2/2018 55.77 46.73 71.42 77.02
2/5/2018 54.69 44.89 67.98 73.27
2/6/2018 55.61 44.67 69.70 74.82
2/7/2018 54.46 44.56 69.46 74.99
2/8/2018 53.77 43.10 65.83 71.87
2/9/2018 54.58 43.13 67.08 73.68
2/12/2018 55.38 43.97 68.32 74.76
2/13/2018 55.67 44.19 68.03 75.18
2/14/2018 55.99 44.10 69.65 76.71
2/15/2018 56.58 44.78 71.99 77.08
2/16/2018 56.48 44.98 70.19 76.82
2/20/2018 55.97 43.99 70.84 76.46
2/21/2018 56.10 43.34 70.22 77.00
2/22/2018 55.40 43.52 69.49 76.27
2/23/2018 56.14 44.04 72.07 77.08
2/26/2018 57.17 44.03 73.16 77.65
2/27/2018 56.57 43.62 72.61 76.38
2/28/2018 57.10 43.22 73.13 75.49
3/1/2018 56.17 43.43 72.01 73.66
3/2/2018 56.93 43.72 74.01 73.68
3/5/2018 56.99 43.89 75.10 74.42
3/6/2018 57.03 43.93 73.92 74.06
3/7/2018 57.03 43.82 74.07 73.92
3/8/2018 57.47 44.45 76.81 74.11
3/9/2018 58.46 44.82 78.22 76.11
3/12/2018 59.40 44.53 76.86 76.02
3/13/2018 59.05 44.57 75.93 74.91
3/14/2018 58.83 43.78 74.22 73.47
3/15/2018 59.37 43.67 73.38 73.34
3/16/2018 59.00 43.46 71.68 73.47
3/19/2018 58.30 43.26 71.05 72.70
3/20/2018 58.66 43.16 71.37 72.92
3/21/2018 58.47 43.00 71.61 73.32
3/22/2018 57.77 42.76 69.76 70.31
3/23/2018 56.31 42.33 68.04 67.90
3/26/2018 57.80 42.69 70.08 69.78
3/27/2018 57.46 42.89 66.29 68.28
3/28/2018 57.90 43.32 65.97 68.26
3/29/2018 57.89 43.43 67.46 67.50
4/2/2018 56.24 42.67 65.09 67.71
4/3/2018 58.00 43.38 65.48 68.48
4/4/2018 58.83 44.24 66.27 69.31
4/5/2018 59.14 44.40 66.53 70.22
4/6/2018 58.34 43.92 64.56 68.60
4/9/2018 58.70 43.83 65.77 69.44
4/10/2018 59.41 43.99 66.52 70.51
4/11/2018 59.42 43.99 65.85 69.89
4/12/2018 59.43 44.03 67.22 72.13
4/13/2018 59.24 44.51 65.88 71.01
4/16/2018 59.43 44.68 66.56 70.07
4/17/2018 59.83 44.88 68.28 69.74
4/18/2018 59.50 44.51 68.69 68.98
4/19/2018 59.22 44.31 67.68 70.28
4/20/2018 58.00 43.74 66.30 70.00
4/23/2018 58.16 43.98 66.23 69.48
4/24/2018 57.81 43.07 65.34 69.12
4/25/2018 57.71 42.43 64.82 69.36
4/26/2018 59.38 42.75 66.34 69.18
4/27/2018 58.36 43.31 65.79 68.99
4/30/2018 57.57 43.21 66.35 68.27
5/1/2018 58.13 42.59 67.80 68.25
5/2/2018 56.70 42.06 68.39 67.99
5/3/2018 56.13 41.89 66.82 67.94
5/4/2018 57.68 42.36 69.84 67.94
5/7/2018 57.45 42.14 70.37 68.50
5/8/2018 57.67 41.81 69.61 71.00
5/9/2018 57.04 41.78 71.31 71.95
5/10/2018 57.65 42.18 72.90 72.57
5/11/2018 57.27 42.14 71.70 72.86
5/14/2018 57.13 42.04 71.70 72.62
5/15/2018 56.64 41.72 70.17 72.68
5/16/2018 57.15 41.55 70.33 71.95
5/17/2018 57.20 42.30 71.66 71.56
5/18/2018 57.16 42.18 71.99 69.96
5/21/2018 57.34 42.41 71.45 70.43
5/22/2018 56.96 42.25 71.35 71.08
5/23/2018 57.49 42.40 71.74 70.24
5/24/2018 57.68 42.32 70.80 69.31
5/25/2018 57.92 42.40 71.46 68.44
5/29/2018 57.23 42.68 70.64 65.71
5/30/2018 57.48 43.13 70.69 66.68
5/31/2018 56.67 43.00 70.91 66.69
6/1/2018 56.91 43.12 73.03 67.28
6/4/2018 57.07 43.49 72.79 67.34
6/5/2018 55.68 43.11 72.77 66.76
6/6/2018 57.17 43.46 74.79 68.23
6/7/2018 57.14 43.44 73.95 68.45
6/8/2018 56.60 43.95 74.29 68.47
6/11/2018 56.48 44.13 75.00 68.11
6/12/2018 56.48 44.41 75.94 67.61
6/13/2018 56.21 44.18 76.67 67.29
6/14/2018 57.02 43.58 77.71 66.16
6/15/2018 57.11 44.12 77.41 66.34
6/18/2018 57.22 43.55 77.87 66.75
6/19/2018 57.43 43.60 77.24 66.78
6/20/2018 52.22 43.26 76.84 67.38
6/21/2018 50.62 43.09 76.05 67.63
6/22/2018 51.24 43.25 75.98 67.20
6/25/2018 50.66 43.58 74.70 65.75
6/26/2018 50.38 43.33 75.27 66.31
6/27/2018 49.84 43.07 73.42 65.46
6/28/2018 48.54 43.47 76.01 66.88
6/29/2018 48.85 43.86 76.32 66.92
7/2/2018 49.06 43.75 77.28 67.16
 7/3/2018 48.77 43.99 75.88 66.06
7/5/2018 48.61 44.66 76.19 66.56
7/6/2018 48.98 44.64 77.19 67.14
7/9/2018 49.90 44.40 76.84 68.94
7/10/2018 50.42 44.97 76.19 68.23
7/11/2018 50.14 44.79 78.61 67.91
7/12/2018 50.25 44.67 81.37 68.51
7/13/2018 51.62 44.74 81.50 67.00
7/16/2018 50.94 44.73 80.23 69.46
7/17/2018 51.28 45.25 80.95 69.35
7/18/2018 51.15 45.12 81.27 69.85
7/19/2018 51.34 45.11 80.61 68.99
7/20/2018 50.91 45.28 79.65 69.22
7/23/2018 51.19 44.95 79.75 70.21
7/24/2018 51.17 45.26 78.41 71.07
7/25/2018 51.62 46.09 79.45 71.72
7/26/2018 51.45 46.24 77.65 71.34
7/27/2018 52.15 46.21 75.36 71.69
7/30/2018 51.90 46.23 72.75 72.29
7/31/2018 52.39 46.63 73.42 71.89
8/1/2018 51.93 46.39 73.08 71.93
8/2/2018 51.68 46.18 74.06 71.84
8/3/2018 52.23 46.62 71.32 72.39
8/6/2018 52.07 46.65 70.57 72.40
8/7/2018 52.07 46.50 70.23 72.41
8/8/2018 51.55 46.15 70.01 72.89
8/9/2018 51.92 46.35 70.50 71.98
8/10/2018 51.51 46.08 70.61 70.26
8/13/2018 51.81 45.83 70.52 69.16
8/14/2018 52.59 45.89 71.29 70.01
8/15/2018 52.75 46.08 69.31 68.65
8/16/2018 53.04 46.22 69.69 69.56
8/17/2018 53.56 46.60 69.15 69.67
8/20/2018 53.92 46.73 68.93 70.53
8/21/2018 54.00 46.22 69.66 71.24
8/22/2018 52.82 45.93 71.43 71.12
8/23/2018 52.66 45.70 71.17 70.81
8/24/2018 52.75 45.63 74.09 70.67
8/27/2018 52.97 45.69 74.09 72.39
8/28/2018 53.05 45.37 74.00 72.38
8/29/2018 53.25 45.33 74.91 72.53
8/30/2018 53.10 44.95 74.10 71.46
8/31/2018 53.45 44.57 72.10 71.24
9/4/2018 53.53 44.76 72.98 71.40
9/5/2018 53.79 45.38 71.65 71.17
 9/6/2018 54.21 45.77 71.96 70.11
9/7/2018 54.86 45.72 73.57 69.64
9/10/2018 54.97 46.06 74.26 69.63
9/11/2018 55.12 46.02 79.50 69.43
9/12/2018 54.97 46.24 80.52 70.51
9/13/2018 54.89 45.83 80.43 70.15
9/14/2018 54.75 45.99 81.27 70.54
9/17/2018 54.57 46.32 78.88 70.88
9/18/2018 55.07 45.93 79.63 71.36
9/19/2018 55.43 45.96 79.58 73.72
9/20/2018 56.43 46.64 80.65 74.79
9/21/2018 57.45 46.58 80.29 74.15
9/24/2018 56.69 46.07 80.60 73.84
9/25/2018 56.90 45.68 80.53 73.51
9/26/2018 57.27 45.85 81.57 72.45
9/27/2018 57.34 46.01 82.87 72.95
9/28/2018 56.84 46.19 83.19 71.74
10/1/2018 55.58 46.23 83.28 71.93
10/2/2018 55.59 46.51 83.39 71.80
10/3/2018 55.47 45.87 83.02 72.36
10/4/2018 55.89 45.85 80.36 72.62
10/5/2018 55.76 45.88 79.59 72.42
10/8/2018 56.54 46.48 77.63 72.59
10/9/2018 57.71 46.39 77.64 71.89
10/10/2018 56.01 45.68 73.58 69.95
10/11/2018 54.86 44.64 73.85 68.38
10/12/2018 56.45 44.68 77.92 69.84
10/15/2018 56.75 44.91 75.67 69.21
10/16/2018 57.81 45.49 78.73 69.71
10/17/2018 59.10 45.86 78.30 69.84
10/18/2018 58.64 45.61 71.81 68.62
10/19/2018 58.66 46.33 69.75 68.86
10/22/2018 58.90 45.97 69.78 66.59
10/23/2018 58.81 46.36 68.98 65.73
10/24/2018 58.06 46.73 67.25 63.80
10/25/2018 58.96 46.51 70.32 64.97
10/26/2018 58.07 45.92 68.84 64.21
10/29/2018 58.37 46.46 65.22 64.35
10/30/2018 58.59 47.63 67.48 64.53
10/31/2018 58.27 47.88 69.05 65.46
11/1/2018 58.63 47.74 69.32 65.83
11/2/2018 64.32 48.00 68.99 65.92
11/5/2018 64.48 48.69 64.34 67.30
11/6/2018 66.01 49.11 64.25 66.68
11/7/2018 68.16 49.37 65.09 68.26
11/8/2018 68.72 49.33 62.79 67.78
11/9/2018 68.60 49.68 55.01 65.76
11/12/2018 67.91 49.87 53.89 64.21
11/13/2018 67.41 49.86 52.55 64.78
11/14/2018 67.04 49.76 51.60 63.50
11/15/2018 67.62 49.74 53.56 64.60
11/16/2018 68.16 50.17 50.94 64.95
11/19/2018 67.91 50.51 49.14 64.62
11/20/2018 67.18 49.38 49.26 62.53
11/21/2018 66.77 48.73 50.85 62.87
11/23/2018 65.70 49.02 50.05 61.75
11/26/2018 65.69 48.87 50.91 63.73
11/27/2018 66.08 49.37 50.75 63.46
11/28/2018 66.82 49.71 51.02 65.58
11/29/2018 66.88 48.98 52.56 64.90
11/30/2018 66.72 50.40 49.88 64.79
12/3/2018 67.50 49.69 46.60 65.16
12/4/2018 66.65 49.58 46.52 62.26
12/6/2018 66.55 49.38 48.15 60.06
12/7/2018 65.47 49.09 47.23 58.35
12/10/2018 65.49 49.24 47.88 57.07
12/11/2018 65.92 49.54 48.20 56.22
12/12/2018 66.13 49.22 48.45 55.98
12/13/2018 66.91 49.47 48.51 55.77
12/14/2018 65.34 49.34 47.75 55.02
12/17/2018 64.47 48.33 47.08 54.25
12/18/2018 64.92 48.32 47.32 53.93
12/19/2018 64.06 47.90 46.33 52.82
12/20/2018 62.15 47.54 47.05 52.27
12/21/2018 61.39 47.57 45.85 50.24
12/24/2018 60.56 45.96 43.99 49.26
12/26/2018 63.08 46.94 46.42 51.44
12/27/2018 63.20 47.53 47.04 51.77
12/28/2018 63.39 47.20 46.80 51.83
12/31/2018 64.40 47.35 46.57 52.06
1/2/2019 64.32 46.93 47.03 53.53
1/3/2019 61.53 46.64 45.36 52.56
1/4/2019 63.57 47.57 47.17 55.13
1/7/2019 63.57 46.95 48.50 55.61
1/8/2019 63.62 47.48 49.97 55.46
1/9/2019 63.88 46.57 50.83 56.38
1/10/2019 64.19 47.07 51.35 56.44
1/11/2019 63.73 47.34 46.54 56.69
1/14/2019 63.37 47.15 47.29 58.93
1/15/2019 64.08 47.57 46.84 61.38
1/16/2019 63.77 46.92 47.13 62.19
1/17/2019 64.28 47.06 47.38 62.47
1/18/2019 64.70 47.61 48.65 63.12
1/22/2019 65.39 47.72 47.06 61.85
1/23/2019 66.43 48.27 46.02 62.13
1/24/2019 64.74 47.69 47.27 62.71
1/25/2019 67.09 47.37 47.80 64.02
1/28/2019 66.90 47.17 46.74 63.85
1/29/2019 67.04 47.40 45.73 63.21
1/30/2019 68.15 47.86 46.31 64.22
1/31/2019 68.14 48.13 47.24 64.46
2/1/2019 68.11 48.70 46.01 63.67
2/4/2019 67.58 49.25 46.78 64.06
2/5/2019 69.34 49.26 47.84 63.81
2/6/2019 68.85 49.26 43.00 63.89
2/7/2019 69.14 49.42 43.96 62.81
2/8/2019 69.75 49.50 43.41 62.01
2/11/2019 69.99 49.61 40.11 61.61
2/12/2019 69.75 49.66 41.67 62.67
2/13/2019 70.51 49.79 44.57 63.04
2/14/2019 70.84 45.59 45.43 62.42
2/15/2019 70.71 45.24 44.60 64.27
2/19/2019 70.20 44.83 44.48 64.38
2/20/2019 70.39 45.10 42.78 64.64
2/21/2019 70.70 45.86 41.90 64.32
2/22/2019 71.30 45.28 41.50 64.14
2/25/2019 71.05 44.94 41.96 64.53
2/26/2019 71.14 44.69 42.08 64.12
2/27/2019 70.15 44.94 41.79 64.40
2/28/2019 70.26 45.34 42.14 63.98
3/1/2019 70.85 45.38 42.84 64.47
3/4/2019 70.95 45.65 41.79 63.75
3/5/2019 71.58 45.60 41.88 62.93
3/6/2019 71.27 45.45 42.56 62.51
3/7/2019 70.61 45.28 41.42 61.90
3/8/2019 69.36 44.84 42.03 62.06
3/11/2019 69.68 46.18 42.92 62.31
3/12/2019 70.05 46.05 42.63 62.81
3/13/2019 70.10 46.22 43.70 63.65
3/14/2019 70.74 45.70 43.32 64.11
3/15/2019 70.67 45.30 44.63 65.19
3/18/2019 70.84 45.41 44.97 65.93
3/19/2019 71.38 45.56 46.42 65.63
3/20/2019 71.63 45.53 46.16 64.30
3/21/2019 72.26 45.51 48.60 63.91
3/22/2019 71.96 45.93 46.87 60.98
3/25/2019 72.30 46.03 46.98 60.33
3/26/2019 72.96 46.64 46.43 61.22
3/27/2019 72.74 46.61 45.52 60.73
3/28/2019 73.96 46.58 45.62 61.98
3/29/2019 74.34 46.86 45.53 62.22
4/1/2019 73.96 46.72 47.12 64.36
4/2/2019 74.27 46.57 47.46 64.42
4/3/2019 74.33 46.18 47.65 65.06
4/4/2019 74.35 46.48 46.96 65.82
4/5/2019 75.03 46.47 47.29 65.55
4/8/2019 75.20 46.55 47.57 66.07
4/9/2019 75.12 46.67 47.01 65.20
4/10/2019 75.48 46.64 47.86 65.52
4/11/2019 75.87 46.71 47.17 65.91
4/12/2019 76.65 46.74 47.28 67.42
4/15/2019 76.16 47.00 45.75 67.38
4/16/2019 75.70 46.95 45.06 69.31
4/17/2019 75.12 47.28 44.98 70.35
4/18/2019 76.06 47.48 45.31 69.67
4/22/2019 75.40 47.40 45.34 69.09
4/23/2019 75.99 48.21 46.51 69.20
4/24/2019 76.39 47.98 46.75 68.83
4/25/2019 77.11 47.84 47.41 68.73
4/26/2019 77.45 48.26 48.15 69.51
4/29/2019 76.91 48.42 48.40 71.03
4/30/2019 77.68 49.06 48.21 70.70
5/1/2019 77.52 48.59 48.56 69.96
5/2/2019 77.47 48.39 49.55 70.36
5/3/2019 78.05 48.72 47.15 70.67
5/6/2019 78.06 48.47 48.16 70.41
5/7/2019 77.96 48.00 46.68 68.16
5/8/2019 78.05 47.85 46.82 68.22
5/9/2019 77.90 47.40 46.64 67.63
5/10/2019 78.42 48.19 46.02 67.90
5/13/2019 76.68 48.05 43.41 64.38
5/14/2019 77.06 48.69 44.70 65.26
5/15/2019 77.76 49.18 46.28 64.87
5/16/2019 78.90 49.58 47.29 65.98
5/17/2019 78.91 49.20 46.39 65.07
5/20/2019 76.66 48.85 43.61 64.96
5/21/2019 77.53 48.60 43.45 66.08
5/22/2019 77.25 49.65 42.91 64.66
5/23/2019 76.41 49.85 42.19 63.90
5/24/2019 76.15 49.61 42.29 64.39
5/28/2019 75.70 49.10 43.51 63.79
5/29/2019 75.28 48.61 43.99 63.71
5/30/2019 76.17 49.25 43.56 63.61
5/31/2019 76.06 49.13 43.37 62.15
6/3/2019 76.22 49.98 42.38 62.61
6/4/2019 78.52 50.00 43.61 65.88
6/5/2019 79.96 50.78 44.52 65.78
6/6/2019 81.40 51.40 44.08 66.47
6/7/2019 82.48 51.49 45.38 65.69
6/10/2019 81.93 51.38 46.01 67.12
6/11/2019 82.37 51.33 46.70 67.88
6/12/2019 82.93 51.64 45.09 66.81
6/13/2019 83.35 51.13 46.05 67.08
6/14/2019 84.24 51.31 45.62 67.48
6/17/2019 83.02 50.87 45.07 66.54
6/18/2019 82.92 50.64 45.77 67.98
6/19/2019 83.81 51.12 45.33 67.59
6/20/2019 84.69 51.66 45.67 68.10
6/21/2019 83.82 51.55 45.91 67.97
6/24/2019 83.65 51.92 47.15 67.41
6/25/2019 84.25 51.76 46.20 66.54
6/26/2019 83.38 51.12 46.73 67.22
6/27/2019 83.56 51.08 47.28 68.15
6/28/2019 83.83 50.92 47.20 70.03
7/1/2019 84.55 51.60 47.50 70.74
7/2/2019 85.51 51.98 47.98 70.44
7/3/2019 87.79 52.10 48.66 70.85
7/5/2019 87.79 52.11 48.15 71.40
7/8/2019 87.44 52.00 46.47 71.13
7/9/2019 87.23 51.59 46.37 71.56
7/10/2019 88.38 51.82 46.84 71.13
7/11/2019 89.07 52.04 47.34 71.61
7/12/2019 89.77 52.12 47.20 71.77
7/15/2019 90.16 52.13 47.66 71.71
7/16/2019 90.08 52.14 46.99 71.32
7/17/2019 90.25 52.18 46.68 70.82
7/18/2019 91.50 52.03 45.72 71.79
7/19/2019 90.30 51.39 45.14 70.92
7/22/2019 90.92 51.22 45.57 71.11
7/23/2019 90.11 54.33 45.92 71.99
7/24/2019 90.65 53.78 46.86 73.01
7/25/2019 90.98 53.07 47.19 71.39
7/26/2019 99.11 54.17 47.99 72.16
7/29/2019 98.02 53.99 48.45 71.76
7/30/2019 96.65 53.72 48.29 71.71
7/31/2019 94.69 52.63 48.74 71.16
8/1/2019 95.38 52.03 50.19 68.35
8/2/2019 95.51 52.33 49.02 67.61
8/5/2019 93.70 51.65 46.10 65.18
8/6/2019 95.34 52.27 46.59 66.25
8/7/2019 95.22 53.18 48.10 65.14
8/8/2019 96.27 53.69 49.33 66.74
8/9/2019 96.30 53.42 48.06 66.05
8/12/2019 94.91 53.20 47.08 64.24
8/13/2019 96.63 53.50 48.13 64.83
8/14/2019 94.92 52.99 45.26 61.41
8/15/2019 95.53 53.87 45.51 61.32
8/16/2019 96.52 54.41 46.66 63.48
8/19/2019 96.66 54.69 47.92 64.31
8/20/2019 95.63 53.88 48.80 63.42
8/21/2019 96.32 54.10 49.04 63.25
8/22/2019 96.49 54.49 49.08 63.91
8/23/2019 94.70 53.74 47.33 61.95
8/26/2019 96.50 54.54 48.69 62.72
8/27/2019 96.09 54.72 51.09 61.66
8/28/2019 97.07 55.11 50.21 62.36
8/29/2019 97.70 55.05 50.96 63.90
8/30/2019 96.56 55.04 50.60 64.35
9/3/2019 96.77 55.30 51.06 63.42
9/4/2019 96.11 55.77 53.50 64.28
9/5/2019 95.56 55.12 54.58 66.34
9/6/2019 95.74 55.23 54.58 65.97
9/9/2019 94.16 54.52 55.19 68.79
9/10/2019 90.35 54.40 56.03 68.98
9/11/2019 90.98 54.77 54.91 68.90
9/12/2019 92.06 55.11 55.45 69.30
9/13/2019 90.48 54.26 55.95 70.39
9/16/2019 89.42 53.96 55.78 69.83
9/17/2019 90.75 54.24 55.35 69.48
9/18/2019 90.96 54.23 55.12 70.09
9/19/2019 91.56 54.52 55.01 69.73
9/20/2019 90.07 53.91 54.76 69.35
9/23/2019 90.81 54.14 54.18 69.55
9/24/2019 89.92 54.30 53.96 67.90
9/25/2019 90.35 54.17 54.94 69.38
9/26/2019 89.80 54.39 54.22 69.11
9/27/2019 88.37 54.31 52.33 69.46
9/30/2019 88.42 54.44 52.92 69.08
10/1/2019 86.51 54.65 52.90 68.15
10/2/2019 84.32 53.08 52.25 66.26
10/3/2019 84.67 53.84 54.07 66.70
10/4/2019 85.92 54.54 55.44 68.18
10/7/2019 85.85 53.87 55.41 68.15
10/8/2019 84.91 53.58 54.13 66.40
10/9/2019 85.85 53.83 53.43 67.43
10/10/2019 85.96 53.66 53.69 68.62
10/11/2019 86.36 53.30 54.82 70.10
10/14/2019 86.62 53.30 55.01 70.24
10/15/2019 86.45 53.51 55.56 71.22
10/16/2019 86.71 53.49 55.59 69.50
10/17/2019 86.29 53.79 55.59 69.60
10/18/2019 86.03 54.78 54.54 69.74
10/21/2019 85.35 54.23 55.51 71.81
10/22/2019 83.46 53.85 54.52 72.06
10/23/2019 82.74 54.64 54.80 72.45
10/24/2019 83.18 54.61 55.44 72.30
10/25/2019 83.38 53.75 55.26 73.17
10/28/2019 83.60 53.57 54.56 73.59
10/29/2019 84.13 53.41 54.00 73.09
10/30/2019 84.19 53.94 55.87 72.97
10/31/2019 84.56 54.43 56.03 71.86
11/1/2019 83.21 53.90 55.82 73.84
11/4/2019 82.37 53.14 55.71 75.15
11/5/2019 81.89 52.42 55.54 74.83
11/6/2019 82.99 52.80 56.36 74.42
11/7/2019 81.95 52.29 54.55 75.81
11/8/2019 81.77 52.21 54.30 76.12
11/11/2019 82.43 51.84 52.52 75.60
11/12/2019 83.32 51.71 51.95 75.07
11/13/2019 83.94 52.41 52.33 73.91
11/14/2019 84.38 52.63 52.70 73.84
11/15/2019 84.21 52.67 53.44 74.40
11/18/2019 84.02 53.03 52.73 74.40
11/19/2019 83.66 53.08 53.28 74.82
11/20/2019 83.60 53.22 54.09 73.91
11/21/2019 82.30 52.96 53.69 73.90
11/22/2019 83.02 53.03 53.04 74.87
11/25/2019 83.75 53.22 53.73 75.68
11/26/2019 84.56 53.90 54.17 75.46
11/27/2019 85.77 53.95 54.48 75.72
11/29/2019 85.43 53.40 54.83 75.12
12/2/2019 84.57 53.75 54.23 74.52
12/3/2019 84.82 53.80 54.59 73.33
12/4/2019 85.40 54.29 53.88 74.23
12/5/2019 84.45 54.19 54.99 74.71
12/6/2019 86.32 54.42 55.21 75.81
12/9/2019 86.28 54.07 54.39 75.33
12/10/2019 86.04 53.77 55.94 75.78
12/11/2019 86.59 53.95 56.48 75.55
12/12/2019 88.21 54.14 58.56 77.05
12/13/2019 88.67 54.42 58.65 76.39
12/16/2019 88.78 54.42 58.61 76.91
12/17/2019 88.13 54.42 58.26 77.74
12/18/2019 87.99 53.91 59.02 77.92
12/19/2019 88.52 54.32 59.13 78.20
12/20/2019 88.46 54.97 59.22 78.51
12/23/2019 88.23 54.91 58.89 78.76
12/24/2019 88.52 54.71 58.81 78.59
12/26/2019 88.08 55.02 58.89 79.83
12/27/2019 88.13 55.35 59.19 79.67
12/30/2019 87.44 55.27 58.88 79.51
12/31/2019 87.92 55.35 59.42 79.89
 Retornos
Fecha Starbucks Coca-Cola Company Activision Blizzard Citigroup
1/2/2018
1/3/2018
1/4/2018
1/5/2018
1/8/2018
1/9/2018
1/10/2018
1/11/2018
1/12/2018
1/16/2018
1/17/2018
1/18/2018
1/19/2018
1/22/2018
1/23/2018
1/24/2018
1/25/2018
1/26/2018
1/29/2018
1/30/2018
1/31/2018
2/1/2018
2/2/2018
2/5/2018
2/6/2018
2/7/2018
2/8/2018
2/9/2018
2/12/2018
2/13/2018
2/14/2018
2/15/2018
2/16/2018
2/20/2018
2/21/2018
2/22/2018
2/23/2018
2/26/2018
2/27/2018
2/28/2018
3/1/2018
3/2/2018
3/5/2018
3/6/2018
3/7/2018
3/8/2018
3/9/2018
3/12/2018
3/13/2018
3/14/2018
3/15/2018
3/16/2018
3/19/2018
3/20/2018
3/21/2018
3/22/2018
3/23/2018
3/26/2018
3/27/2018
3/28/2018
3/29/2018
4/2/2018
4/3/2018
4/4/2018
4/5/2018
4/6/2018
4/9/2018
4/10/2018
4/11/2018
4/12/2018
4/13/2018
4/16/2018
4/17/2018
4/18/2018
4/19/2018
4/20/2018
4/23/2018
4/24/2018
4/25/2018
4/26/2018
4/27/2018
4/30/2018
5/1/2018
5/2/2018
5/3/2018
5/4/2018
5/7/2018
5/8/2018
5/9/2018
5/10/2018
5/11/2018
5/14/2018
5/15/2018
5/16/2018
5/17/2018
5/18/2018
5/21/2018
5/22/2018
5/23/2018
5/24/2018
5/25/2018
5/29/2018
5/30/2018
5/31/2018
6/1/2018
6/4/2018
6/5/2018
6/6/2018
6/7/2018
6/8/2018
6/11/2018
6/12/2018
6/13/2018
6/14/2018
6/15/2018
6/18/2018
6/19/2018
6/20/2018
6/21/2018
6/22/2018
6/25/2018
6/26/2018
6/27/2018
6/28/2018
6/29/2018
7/2/2018
 7/3/2018
7/5/2018
7/6/2018
7/9/2018
7/10/2018
7/11/2018
7/12/2018
7/13/2018
7/16/2018
7/17/2018
7/18/2018
7/19/2018
7/20/2018
7/23/2018
7/24/2018
7/25/2018
7/26/2018
7/27/2018
7/30/2018
7/31/2018
8/1/2018
8/2/2018
8/3/2018
8/6/2018
8/7/2018
8/8/2018
8/9/2018
8/10/2018
8/13/2018
8/14/2018
8/15/2018
8/16/2018
8/17/2018
8/20/2018
8/21/2018
8/22/2018
8/23/2018
8/24/2018
8/27/2018
8/28/2018
8/29/2018
8/30/2018
8/31/2018
9/4/2018
9/5/2018
 9/6/2018
9/7/2018
9/10/2018
9/11/2018
9/12/2018
9/13/2018
9/14/2018
9/17/2018
9/18/2018
9/19/2018
9/20/2018
9/21/2018
9/24/2018
9/25/2018
9/26/2018
9/27/2018
9/28/2018
10/1/2018
10/2/2018
10/3/2018
10/4/2018
10/5/2018
10/8/2018
10/9/2018
10/10/2018
10/11/2018
10/12/2018
10/15/2018
10/16/2018
10/17/2018
10/18/2018
10/19/2018
10/22/2018
10/23/2018
10/24/2018
10/25/2018
10/26/2018
10/29/2018
10/30/2018
10/31/2018
11/1/2018
11/2/2018
11/5/2018
11/6/2018
11/7/2018
 11/8/2018
11/9/2018
11/12/2018
11/13/2018
11/14/2018
11/15/2018
11/16/2018
11/19/2018
11/20/2018
11/21/2018
11/23/2018
11/26/2018
11/27/2018
11/28/2018
11/29/2018
11/30/2018
12/3/2018
12/4/2018
12/6/2018
12/7/2018
12/10/2018
12/11/2018
12/12/2018
12/13/2018
12/14/2018
12/17/2018
12/18/2018
12/19/2018
12/20/2018
12/21/2018
12/24/2018
12/26/2018
12/27/2018
12/28/2018
12/31/2018
1/2/2019
1/3/2019
1/4/2019
1/7/2019
1/8/2019
1/9/2019
1/10/2019
1/11/2019
1/14/2019
1/15/2019
1/16/2019
1/17/2019
1/18/2019
1/22/2019
1/23/2019
1/24/2019
1/25/2019
1/28/2019
1/29/2019
1/30/2019
1/31/2019
2/1/2019
2/4/2019
2/5/2019
2/6/2019
2/7/2019
2/8/2019
2/11/2019
2/12/2019
2/13/2019
2/14/2019
2/15/2019
2/19/2019
2/20/2019
2/21/2019
2/22/2019
2/25/2019
2/26/2019
2/27/2019
2/28/2019
3/1/2019
3/4/2019
3/5/2019
3/6/2019
3/7/2019
3/8/2019
3/11/2019
3/12/2019
3/13/2019
3/14/2019
3/15/2019
3/18/2019
3/19/2019
3/20/2019
3/21/2019
3/22/2019
3/25/2019
3/26/2019
3/27/2019
3/28/2019
3/29/2019
4/1/2019
4/2/2019
4/3/2019
4/4/2019
4/5/2019
4/8/2019
4/9/2019
4/10/2019
4/11/2019
4/12/2019
4/15/2019
4/16/2019
4/17/2019
4/18/2019
4/22/2019
4/23/2019
4/24/2019
4/25/2019
4/26/2019
4/29/2019
4/30/2019
5/1/2019
5/2/2019
5/3/2019
5/6/2019
5/7/2019
5/8/2019
5/9/2019
5/10/2019
5/13/2019
5/14/2019
5/15/2019
5/16/2019
5/17/2019
5/20/2019
5/21/2019
5/22/2019
5/23/2019
5/24/2019
5/28/2019
5/29/2019
5/30/2019
5/31/2019
6/3/2019
6/4/2019
6/5/2019
6/6/2019
6/7/2019
6/10/2019
6/11/2019
6/12/2019
6/13/2019
6/14/2019
6/17/2019
6/18/2019
6/19/2019
6/20/2019
6/21/2019
6/24/2019
6/25/2019
6/26/2019
6/27/2019
6/28/2019
7/1/2019
7/2/2019
7/3/2019
7/5/2019
7/8/2019
7/9/2019
7/10/2019
7/11/2019
7/12/2019
7/15/2019
7/16/2019
7/17/2019
7/18/2019
7/19/2019
7/22/2019
7/23/2019
7/24/2019
7/25/2019
7/26/2019
7/29/2019
7/30/2019
7/31/2019
8/1/2019
8/2/2019
8/5/2019
8/6/2019
8/7/2019
8/8/2019
8/9/2019
8/12/2019
8/13/2019
8/14/2019
8/15/2019
8/16/2019
8/19/2019
8/20/2019
8/21/2019
8/22/2019
8/23/2019
8/26/2019
8/27/2019
8/28/2019
8/29/2019
8/30/2019
9/3/2019
9/4/2019
9/5/2019
9/6/2019
9/9/2019
9/10/2019
9/11/2019
9/12/2019
9/13/2019
9/16/2019
9/17/2019
9/18/2019
9/19/2019
9/20/2019
9/23/2019
9/24/2019
9/25/2019
9/26/2019
9/27/2019
9/30/2019
10/1/2019
10/2/2019
 10/3/2019
10/4/2019
10/7/2019
10/8/2019
10/9/2019
10/10/2019
10/11/2019
10/14/2019
10/15/2019
10/16/2019
10/17/2019
10/18/2019
10/21/2019
10/22/2019
10/23/2019
10/24/2019
10/25/2019
10/28/2019
10/29/2019
10/30/2019
10/31/2019
11/1/2019
11/4/2019
11/5/2019
11/6/2019
11/7/2019
11/8/2019
11/11/2019
11/12/2019
11/13/2019
11/14/2019
11/15/2019
11/18/2019
11/19/2019
11/20/2019
11/21/2019
11/22/2019
11/25/2019
11/26/2019
11/27/2019
11/29/2019
12/2/2019
12/3/2019
12/4/2019
12/5/2019
 12/6/2019
12/9/2019
12/10/2019
12/11/2019
12/12/2019
12/13/2019
12/16/2019
12/17/2019
12/18/2019
12/19/2019
12/20/2019
12/23/2019
12/24/2019
12/26/2019
12/27/2019
12/30/2019
12/31/2019
 Parte A

S&P Matriz transpuesta de retornos

Fecha Valor Retorno
1/2/2018 2,696 〖 E[R] 〗 ^′=[■8(■8( 〖𝐸 [𝑟 〗 _1]& 〖𝐸
1/3/2018 2,713 & 〖𝐸 [𝑟Concepto
〗 _𝑛]])
1/4/2018 2,724 Retorno promedio
1/5/2018 2,743
1/8/2018 2,748
1/9/2018 2,751 E[R]=[■8(𝐸[𝑟_1
]@𝐸[𝑟_2]@■8(𝐸
1/10/2018 2,748
1/11/2018 2,768 [𝑟_3]@■8(⋮@ 〖𝐸
1/12/2018 2,786 [𝑟 〗 _𝑛])))]
1/16/2018 2,776
1/17/2018 2,803
1/18/2018 2,798
1/19/2018 2,810 Matriz de pesos
1/22/2018 2,833
1/23/2018 2,839 W^′=[■8(■8(w_1&w_2 )&⋯&w_𝑛])
1/24/2018 2,838
1/25/2018 2,839 Concepto
1/26/2018 2,873 Pesos
1/29/2018 2,854
1/30/2018 2,822
1/31/2018 2,824
2/1/2018 2,822 Matriz de varianzas y covarianzas
2/2/2018 2,762
2/5/2018 2,649
2/6/2018 2,695 var(R)="Σ"=[■8( 〖𝜎 _1 〗 ^2@𝜎_2,1@■
2/7/2018 2,682 𝑛,1) )) ■8(𝜎_1,2@ 〖𝜎 _2 〗 ^2@■8(⋮@𝜎
2/8/2018 2,581 ■8(…@…@■8(⋱@…))
2/9/2018 2,620 ■8(𝜎_(1,𝑛)@𝜎_(2,𝑛)@■8(⋮@ 〖𝜎 _𝑛 〗 ^2
2/12/2018 2,656
2/13/2018 2,663 Empresas
2/14/2018 2,699 Starbucks
2/15/2018 2,731 Coca-Cola Company
2/16/2018 2,732 Activision Blizzard
2/20/2018 2,716 Citigroup
2/21/2018 2,701
2/22/2018 2,704
2/23/2018 2,747
2/26/2018 2,780
2/27/2018 2,744 Retorno del portafolio
2/28/2018 2,714
E[R_p ]= 〖 E[W 〗 ^′ R]=W^′ E[R_p ]=[■
3/1/2018 2,678
[■8(𝐸[𝑟_1 ]@𝐸[𝑟_2 ]@■8(𝐸[𝑟_3 ]@■8(
3/2/2018 2,691
3/5/2018 2,721
3/6/2018 2,728
3/7/2018 2,727
3/8/2018 2,739
3/9/2018 2,787
3/12/2018 2,783 Retorno del portafolio
3/13/2018 2,765
3/14/2018 2,749
3/15/2018 2,747
3/16/2018 2,752
3/19/2018 2,713 Riesgo del portafolio
3/20/2018 2,717
3/21/2018 2,712
3/22/2018 2,644 〖𝜎 _𝑝 〗 ^2=var(W^′ R)=W^′ "Σ" W=[■8
3/23/2018 2,588 [■8( 〖𝜎 _1 〗 ^2@𝜎_2,1@■8(⋮@𝜎_(𝑛,1) ))
3/26/2018 2,659 ■8(𝜎_1,2@ 〖𝜎 _2 〗 ^2@■8(⋮@𝜎_(𝑛,2) ))
3/27/2018 2,613 ■8(𝜎_(1,𝑛)@𝜎_(2,𝑛)@■8(⋮@ 〖𝜎 _𝑛 〗 ^2 )
3/28/2018 2,605 [■8(𝑤_1@𝑤_2@■8(𝑤_3@■8(⋮@𝑤_𝑛 )))
3/29/2018 2,641
4/2/2018 2,582
4/3/2018 2,614 Riesgo del portafolio
4/4/2018 2,645
4/5/2018 2,663
4/6/2018 2,604
4/9/2018 2,613
4/10/2018 2,657
4/11/2018 2,642
4/12/2018 2,664
4/13/2018 2,656
4/16/2018 2,678
4/17/2018 2,706
4/18/2018 2,709
4/19/2018 2,693
4/20/2018 2,670
4/23/2018 2,670
4/24/2018 2,635
4/25/2018 2,639
4/26/2018 2,667
4/27/2018 2,670
4/30/2018 2,648
5/1/2018 2,655
5/2/2018 2,636
5/3/2018 2,630
5/4/2018 2,663
5/7/2018 2,673
5/8/2018 2,672
5/9/2018 2,698
5/10/2018 2,723
5/11/2018 2,728
5/14/2018 2,730
5/15/2018 2,711
5/16/2018 2,722
5/17/2018 2,720
5/18/2018 2,713
5/21/2018 2,733
5/22/2018 2,724
5/23/2018 2,733
5/24/2018 2,728
5/25/2018 2,721
5/29/2018 2,690
5/30/2018 2,724
5/31/2018 2,705
6/1/2018 2,735
6/4/2018 2,747
6/5/2018 2,749
6/6/2018 2,772
6/7/2018 2,770
6/8/2018 2,779
6/11/2018 2,782
6/12/2018 2,787
6/13/2018 2,776
6/14/2018 2,782
6/15/2018 2,780
6/18/2018 2,774
6/19/2018 2,763
6/20/2018 2,767
6/21/2018 2,750
6/22/2018 2,755
6/25/2018 2,717
6/26/2018 2,723
6/27/2018 2,700
6/28/2018 2,716
6/29/2018 2,718
7/2/2018 2,727
 7/3/2018 2,713
7/5/2018 2,737
7/6/2018 2,760
7/9/2018 2,784
7/10/2018 2,794
7/11/2018 2,774
7/12/2018 2,798
7/13/2018 2,801
7/16/2018 2,798
7/17/2018 2,810
7/18/2018 2,816
7/19/2018 2,804
7/20/2018 2,802
7/23/2018 2,807
7/24/2018 2,820
7/25/2018 2,846
7/26/2018 2,837
7/27/2018 2,819
7/30/2018 2,803
7/31/2018 2,816
8/1/2018 2,813
8/2/2018 2,827
8/3/2018 2,840
8/6/2018 2,850
8/7/2018 2,858
8/8/2018 2,858
8/9/2018 2,854
8/10/2018 2,833
8/13/2018 2,822
8/14/2018 2,840
8/15/2018 2,818
8/16/2018 2,841
8/17/2018 2,850
8/20/2018 2,857
8/21/2018 2,863
8/22/2018 2,862
8/23/2018 2,857
8/24/2018 2,875
8/27/2018 2,897
8/28/2018 2,898
8/29/2018 2,914
8/30/2018 2,901
8/31/2018 2,902
9/4/2018 2,897
9/5/2018 2,889
 9/6/2018 2,878
9/7/2018 2,872
9/10/2018 2,877
9/11/2018 2,888
9/12/2018 2,889
9/13/2018 2,904
9/14/2018 2,905
9/17/2018 2,889
9/18/2018 2,904
9/19/2018 2,908
9/20/2018 2,931
9/21/2018 2,930
9/24/2018 2,919
9/25/2018 2,916
9/26/2018 2,906
9/27/2018 2,914
9/28/2018 2,914
10/1/2018 2,925
10/2/2018 2,923
10/3/2018 2,926
10/4/2018 2,902
10/5/2018 2,886
10/8/2018 2,884
10/9/2018 2,880
10/10/2018 2,786
10/11/2018 2,728
10/12/2018 2,767
10/15/2018 2,751
10/16/2018 2,810
10/17/2018 2,809
10/18/2018 2,769
10/19/2018 2,768
10/22/2018 2,756
10/23/2018 2,741
10/24/2018 2,656
10/25/2018 2,706
10/26/2018 2,659
10/29/2018 2,641
10/30/2018 2,683
10/31/2018 2,712
11/1/2018 2,740
11/2/2018 2,723
11/5/2018 2,738
11/6/2018 2,755
11/7/2018 2,814
11/8/2018 2,807
11/9/2018 2,781
11/12/2018 2,726
11/13/2018 2,722
11/14/2018 2,702
11/15/2018 2,730
11/16/2018 2,736
11/19/2018 2,691
11/20/2018 2,642
11/21/2018 2,650
11/23/2018 2,633
11/26/2018 2,673
11/27/2018 2,682
11/28/2018 2,744
11/29/2018 2,738
11/30/2018 2,760
12/3/2018 2,790
12/4/2018 2,700
12/6/2018 2,696
12/7/2018 2,633
12/10/2018 2,638
12/11/2018 2,637
12/12/2018 2,651
12/13/2018 2,651
12/14/2018 2,600
12/17/2018 2,546
12/18/2018 2,546
12/19/2018 2,507
12/20/2018 2,467
12/21/2018 2,417
12/24/2018 2,351
12/26/2018 2,468
12/27/2018 2,489
12/28/2018 2,486
12/31/2018 2,507
1/2/2019 2,510
1/3/2019 2,448
1/4/2019 2,532
1/7/2019 2,550
1/8/2019 2,574
1/9/2019 2,585
1/10/2019 2,597
1/11/2019 2,596
1/14/2019 2,583
1/15/2019 2,610
1/16/2019 2,616
1/17/2019 2,636
1/18/2019 2,671
1/22/2019 2,633
1/23/2019 2,639
1/24/2019 2,642
1/25/2019 2,665
1/28/2019 2,644
1/29/2019 2,640
1/30/2019 2,681
1/31/2019 2,704
2/1/2019 2,707
2/4/2019 2,725
2/5/2019 2,738
2/6/2019 2,732
2/7/2019 2,706
2/8/2019 2,708
2/11/2019 2,710
2/12/2019 2,745
2/13/2019 2,753
2/14/2019 2,746
2/15/2019 2,776
2/19/2019 2,780
2/20/2019 2,785
2/21/2019 2,775
2/22/2019 2,793
2/25/2019 2,796
2/26/2019 2,794
2/27/2019 2,792
2/28/2019 2,784
3/1/2019 2,804
3/4/2019 2,793
3/5/2019 2,790
3/6/2019 2,771
3/7/2019 2,749
3/8/2019 2,743
3/11/2019 2,783
3/12/2019 2,792
3/13/2019 2,811
3/14/2019 2,808
3/15/2019 2,822
3/18/2019 2,833
3/19/2019 2,833
3/20/2019 2,824
3/21/2019 2,855
3/22/2019 2,801
3/25/2019 2,798
3/26/2019 2,818
3/27/2019 2,805
3/28/2019 2,815
3/29/2019 2,834
4/1/2019 2,867
4/2/2019 2,867
4/3/2019 2,873
4/4/2019 2,879
4/5/2019 2,893
4/8/2019 2,896
4/9/2019 2,878
4/10/2019 2,888
4/11/2019 2,888
4/12/2019 2,907
4/15/2019 2,906
4/16/2019 2,907
4/17/2019 2,900
4/18/2019 2,905
4/22/2019 2,908
4/23/2019 2,934
4/24/2019 2,927
4/25/2019 2,926
4/26/2019 2,940
4/29/2019 2,943
4/30/2019 2,946
5/1/2019 2,924
5/2/2019 2,918
5/3/2019 2,946
5/6/2019 2,932
5/7/2019 2,884
5/8/2019 2,879
5/9/2019 2,871
5/10/2019 2,881
5/13/2019 2,812
5/14/2019 2,834
5/15/2019 2,851
5/16/2019 2,876
5/17/2019 2,860
5/20/2019 2,840
5/21/2019 2,864
5/22/2019 2,856
5/23/2019 2,822
5/24/2019 2,826
5/28/2019 2,802
5/29/2019 2,783
5/30/2019 2,789
5/31/2019 2,752
6/3/2019 2,744
6/4/2019 2,803
6/5/2019 2,826
6/6/2019 2,843
6/7/2019 2,873
6/10/2019 2,887
6/11/2019 2,886
6/12/2019 2,880
6/13/2019 2,892
6/14/2019 2,887
6/17/2019 2,890
6/18/2019 2,918
6/19/2019 2,926
6/20/2019 2,954
6/21/2019 2,950
6/24/2019 2,945
6/25/2019 2,917
6/26/2019 2,914
6/27/2019 2,925
6/28/2019 2,942
7/1/2019 2,964
7/2/2019 2,973
7/3/2019 2,996
7/5/2019 2,990
7/8/2019 2,976
7/9/2019 2,980
7/10/2019 2,993
7/11/2019 3,000
7/12/2019 3,014
7/15/2019 3,014
7/16/2019 3,004
7/17/2019 2,984
7/18/2019 2,995
7/19/2019 2,977
7/22/2019 2,985
7/23/2019 3,005
7/24/2019 3,020
7/25/2019 3,004
7/26/2019 3,026
7/29/2019 3,021
7/30/2019 3,013
7/31/2019 2,980
8/1/2019 2,954
8/2/2019 2,932
8/5/2019 2,845
8/6/2019 2,882
8/7/2019 2,884
8/8/2019 2,938
8/9/2019 2,919
8/12/2019 2,883
8/13/2019 2,926
8/14/2019 2,841
8/15/2019 2,848
8/16/2019 2,889
8/19/2019 2,924
8/20/2019 2,901
8/21/2019 2,924
8/22/2019 2,923
8/23/2019 2,847
8/26/2019 2,878
8/27/2019 2,869
8/28/2019 2,888
8/29/2019 2,925
8/30/2019 2,926
9/3/2019 2,906
9/4/2019 2,938
9/5/2019 2,976
9/6/2019 2,979
9/9/2019 2,978
9/10/2019 2,979
9/11/2019 3,001
9/12/2019 3,010
9/13/2019 3,007
9/16/2019 2,998
9/17/2019 3,006
9/18/2019 3,007
9/19/2019 3,007
9/20/2019 2,992
9/23/2019 2,992
9/24/2019 2,967
9/25/2019 2,985
9/26/2019 2,978
9/27/2019 2,962
9/30/2019 2,977
10/1/2019 2,940
10/2/2019 2,888
10/3/2019 2,911
10/4/2019 2,952
10/7/2019 2,939
10/8/2019 2,893
10/9/2019 2,919
10/10/2019 2,938
10/11/2019 2,970
10/14/2019 2,966
10/15/2019 2,996
10/16/2019 2,990
10/17/2019 2,998
10/18/2019 2,986
10/21/2019 3,007
10/22/2019 2,996
10/23/2019 3,005
10/24/2019 3,010
10/25/2019 3,023
10/28/2019 3,039
10/29/2019 3,037
10/30/2019 3,047
10/31/2019 3,038
11/1/2019 3,067
11/4/2019 3,078
11/5/2019 3,075
11/6/2019 3,077
11/7/2019 3,085
11/8/2019 3,093
11/11/2019 3,087
11/12/2019 3,092
11/13/2019 3,094
11/14/2019 3,097
11/15/2019 3,120
11/18/2019 3,122
11/19/2019 3,120
11/20/2019 3,108
11/21/2019 3,104
11/22/2019 3,110
11/25/2019 3,134
11/26/2019 3,141
11/27/2019 3,154
11/29/2019 3,141
12/2/2019 3,114
12/3/2019 3,093
12/4/2019 3,113
12/5/2019 3,117
12/6/2019 3,146
12/9/2019 3,136
12/10/2019 3,133
12/11/2019 3,142
12/12/2019 3,169
12/13/2019 3,169
12/16/2019 3,191
12/17/2019 3,193
12/18/2019 3,191
12/19/2019 3,205
12/20/2019 3,221
12/23/2019 3,224
12/24/2019 3,223
12/26/2019 3,240
12/27/2019 3,240
12/30/2019 3,221
12/31/2019 3,231
uesta de retornos

′=[■8(■8( 〖𝐸 [𝑟 〗 _1]& 〖𝐸 [𝑟 〗 _2])&⋯

_𝑛]]) Starbucks Coca-Cola Company Activision Blizzard Citigroup

Empresa Retorno promedio

Starbucks
Coca-Cola Company
Activision Blizzard
Citigroup

■8(w_1&w_2 )&⋯&w_𝑛])

Starbucks Coca-Cola Company Activision Blizzard Citigroup

30.00% 20.00% 15.00% 35.00%

anzas y covarianzas

"=[■8( 〖𝜎 _1 〗 ^2@𝜎_2,1@■8(⋮@𝜎_(
(𝜎_1,2@ 〖𝜎 _2 〗 ^2@■8(⋮@𝜎_(𝑛,2) ))
@■8(⋱@…))
)@𝜎_(2,𝑛)@■8(⋮@ 〖𝜎 _𝑛 〗 ^2 ))]

Starbucks Coca-Cola Company Activision Blizzard Citigroup

E[W 〗 ^′ R]=W^′ E[R_p ]=[■8(■8(w_1&w_2 )&⋯&w_𝑛])
@𝐸[𝑟_2 ]@■8(𝐸[𝑟_3 ]@■8(⋮@ 〖𝐸 [𝑟 〗 _𝑛])))]=w_1 𝐸[𝑟_1 ]+w_2 𝐸[𝑟_2 ]+w_3 𝐸[𝑟_3 ]+⋯+w_𝑛 𝐸[𝑟_𝑛

=var(W^′ R)=W^′ "Σ" W=[■8(■8(w_1&w_2 )&⋯&w_𝑛]

^2@𝜎_2,1@■8(⋮@𝜎_(𝑛,1) ))
〖𝜎 _2 〗 ^2@■8(⋮@𝜎_(𝑛,2) )) ■8(…@…@■8(⋱@…))
@𝜎_(2,𝑛)@■8(⋮@ 〖𝜎 _𝑛 〗 ^2 ))]
𝑤_2@■8(𝑤_3@■8(⋮@𝑤_𝑛 )))] )
Parte B

Matriz transpuesta de retornos

〖 E[R] 〗 ^′=[■8(■8( 〖𝐸 [𝑟 〗 _1]& 〖𝐸 [𝑟 〗 _2])&⋯&

Concepto
Retorno promedio
Riesgo

E[R]=[■8(𝐸[𝑟
_1]@𝐸[𝑟_2]@
■8(𝐸[𝑟_3]@■
8(⋮@ 〖𝐸 [𝑟 〗 _
𝑛])))]

Matriz de varianzas y covarianzas

var(R)="Σ"=[■8( 〖𝜎 _1 〗 ^2@𝜎_2,1@■8(⋮@𝜎_(𝑛,1) )
■8(𝜎_1,2@ 〖𝜎 _2 〗 ^2@■8(⋮@𝜎_(𝑛,2) )) ■8(…@…
@■8(⋱@…)) ■8(𝜎_(1,𝑛)@𝜎_(2,𝑛)@■8(⋮@ 〖𝜎 _𝑛 〗 ^2

Empresas
Starbucks
Coca-Cola Company
Activision Blizzard
Citigroup

Portafolio

W^′=[■8(■8(w_1&w_2 )&⋯&w_𝑛])

Concepto
Pesos
 Suma de pesos
Retorno del portafolio
𝐸[𝑟_3 ]+⋯+w_𝑛 𝐸[𝑟_𝑛 ]
Riesgo del portafolio

E[R_p ]= 〖 E[W 〗 ^′ R]=W^′ E[R_p ]=[■8(■8(w_1&w

[■8(𝐸[𝑟_1 ]@𝐸[𝑟_2 ]@■8(𝐸[𝑟_3 ]@■8(⋮@ 〖𝐸 [𝑟 〗 _𝑛]

〖𝜎 _𝑝 〗 ^2=var(W^′ R)=W^′ "Σ" W=[■8(■8(w_1&w

[■8( 〖𝜎 _1 〗 ^2@𝜎_2,1@■8(⋮@𝜎_(𝑛,1) )) ■8(𝜎_1,2@
■8(…@…@■8(⋱@…)) ■8(𝜎_(1,𝑛)@𝜎_(2,𝑛)@■8(⋮@
[■8(𝑤_1@𝑤_2@■8(𝑤_3@■8(⋮@𝑤_𝑛 )))] )
(■8( 〖𝐸 [𝑟 〗 _1]& 〖𝐸 [𝑟 〗 _2])&⋯& 〖𝐸 [𝑟 〗 _𝑛]])
Starbucks Coca-Cola Company Activision Blizzard Citigroup

Empresa Retorno promedio Riesgo

( 〖𝜎 _1 〗 ^2@𝜎_2,1@■8(⋮@𝜎_(𝑛,1) ))
〗 ^2@■8(⋮@𝜎_(𝑛,2) )) ■8(…@…
(𝜎_(1,𝑛)@𝜎_(2,𝑛)@■8(⋮@ 〖𝜎 _𝑛 〗 ^2 ))]

Starbucks Coca-Cola Company Activision Blizzard Citigroup

1&w_2 )&⋯&w_𝑛])

Starbucks Coca-Cola Company Activision Blizzard Citigroup

 ^′ R]=W^′ E[R_p ]=[■8(■8(w_1&w_2 )&⋯&w_𝑛])
2 ]@■8(𝐸[𝑟_3 ]@■8(⋮@ 〖𝐸 [𝑟 〗 _𝑛])))]=w_1 𝐸[𝑟_1 ]+w_2 𝐸[𝑟_2 ]+w_3 𝐸[𝑟_3 ]+⋯+w_𝑛 𝐸[𝑟_𝑛 ]

W^′ R)=W^′ "Σ" W=[■8(■8(w_1&w_2 )&⋯&w_𝑛]

𝜎_2,1@■8(⋮@𝜎_(𝑛,1) )) ■8(𝜎_1,2@ 〖𝜎 _2 〗 ^2@■8(⋮@𝜎_(𝑛,2) ))
@…)) ■8(𝜎_(1,𝑛)@𝜎_(2,𝑛)@■8(⋮@ 〖𝜎 _𝑛 〗 ^2 ))]
■8(𝑤_3@■8(⋮@𝑤_𝑛 )))] )
 Parte C

1era forma: Beta de la acción

𝛽_𝑖=(𝐶𝑜𝑣(𝑟_𝑖;𝑟_𝑚))/ 〖𝜎 _𝑚 〗 ^2

Concepto Starbucks Coca-Cola Company

𝐶𝑜𝑣(𝑟_𝑖;𝑟_𝑚)

〖𝜎 _𝑚 〗 ^2
𝛽_𝑖

2da forma (Regresión): Beta de la acción

𝑟_𝑖=𝛼+𝛽 〖 𝑟〗 _𝑚+𝜀

Concepto Starbucks Coca-Cola Company

𝛽_𝑖

Parte D

max_(𝑤_𝑖 )⁡〖 𝑅𝑎𝑡𝑖𝑜 𝑑𝑒 𝑆ℎ𝑎𝑟𝑝𝑒 =(𝑟_𝑝−𝑟_𝑓)/𝜎_𝑝 " " 〗

Tasa libre de riesgo 0.002%

Concepto Starbucks Coca-Cola Company

Pesos

Suma de pesos
Retorno del portafolio
Riesgo del portafolio
Ratio de Sharpe

Parte E: Inversión en el portafolio libre de riesgo y en el portafolio riesgoso óptimo

 𝑈=𝐸(𝑟_𝑐 ) −1/2 A𝜎_𝑐^2 𝑤^∗ = [𝐸(𝑟_𝑝 )−𝑟_𝑓
]/(𝐴 〖𝜎 _𝑝 〗 ^2 )
A
% Portafolio riesgoso óptimo
% Portafolio Activo libre de riesgo

w_𝑛 𝐸[𝑟_𝑛 ]
Parte F: Utilidad del inversionista

𝑈=𝐸(𝑟_𝑐 ) −1/2 A𝜎_𝑐^2

𝐸(𝑟_𝐶 ) = 𝑟_𝑓+ 𝑤_𝑝 [𝐸(𝑟_𝑝 )−𝑟_𝑓 ]

𝜎_𝐶=𝑤_𝑝 𝜎_𝑝

Retorno de la cartera
Desviación estándar de la cartera
Utilidad del inversionista
 Activision Blizzard Citigroup

Activision Blizzard Citigroup

Activision Blizzard Citigroup

sgoso óptimo
(𝑟_𝑝 )−𝑟_𝑓
𝑝 〗 ^2 )
Pregunta N°2

Proporciones a invertir
Portafolio Mastercard Inc. Visa Inc. Walmart Inc. Nintendo Co.

Portafolio 1 11.00% 18.00% 12.00% 20.00%

Portafolio 2 30.00% 16.00% 3.00% 17.00%
Portafolio 3 11.00% 24.00% 19.00% 16.00%
Portafolio 4 5.00% 21.00% 10.00% 5.00%
Portafolio 5 25.00% 11.00% 25.00% 23.00%
Portafolio 6 8.00% 23.00% 15.00% 5.00%

Precios
Fecha Mastercard Inc. Visa Inc. Walmart Inc. Nintendo Co.

1/2/2019 189.74 132.92 93.34 33.53

1/3/2019 181.18 128.13 92.86 33.25
1/4/2019 189.76 133.65 93.44 33.65
1/7/2019 191.22 136.06 94.54 34.41
1/8/2019 192.28 136.80 95.20 34.74
1/9/2019 195.77 138.41 94.89 35.50
1/10/2019 196.95 138.67 94.96 34.89
1/11/2019 195.90 138.06 94.84 34.84
1/14/2019 195.43 137.10 94.95 35.52
1/15/2019 196.52 137.34 96.25 36.72
1/16/2019 197.77 137.34 96.35 36.72
1/17/2019 199.31 137.28 96.74 38.10
1/18/2019 202.00 138.50 97.73 39.25
1/22/2019 199.46 138.05 97.49 38.02
1/23/2019 198.35 137.01 98.71 38.29
1/24/2019 199.79 137.70 98.36 38.74
1/25/2019 202.94 138.67 96.94 38.70
1/28/2019 200.16 135.99 97.06 37.00
1/29/2019 199.24 135.00 96.71 38.16
1/30/2019 204.02 137.60 94.80 38.70
1/31/2019 211.13 135.01 95.83 37.24
2/1/2019 213.77 140.15 93.86 35.42
2/4/2019 214.91 141.50 94.77 36.73
2/5/2019 215.86 142.53 95.60 35.84
2/6/2019 215.30 141.49 95.64 33.53
2/7/2019 213.97 140.17 96.73 33.26
 2/8/2019 216.58 140.38 95.58 32.88
2/11/2019 217.10 140.80 96.20 32.61
2/12/2019 218.91 141.99 96.97 33.10
2/13/2019 220.54 143.49 97.94 33.81
2/14/2019 219.81 143.16 98.52 33.70
2/15/2019 222.11 144.91 99.99 33.66
2/19/2019 220.59 144.44 102.20 33.36
2/20/2019 221.11 144.73 99.88 33.35
2/21/2019 219.31 144.00 99.39 34.94

2/22/2019 223.32 145.87 99.55 35.54

2/25/2019 223.32 146.06 99.12 34.40

2/26/2019 224.00 147.04 98.69 34.77
2/27/2019 224.57 147.22 98.11 35.58
2/28/2019 224.77 148.12 98.99 34.25
3/1/2019 227.25 149.47 97.93 34.67
3/4/2019 226.29 147.96 97.85 33.71
3/5/2019 226.22 147.95 98.34 34.05
3/6/2019 224.47 147.81 98.26 34.65
3/7/2019 222.41 146.83 97.45 33.81
3/8/2019 221.87 147.35 97.59 33.40
3/11/2019 225.64 150.67 98.48 33.78

3/12/2019 226.94 151.73 98.37 34.29

3/13/2019 228.50 152.47 99.03 34.87

3/14/2019 229.51 154.20 98.22 33.95
3/15/2019 231.17 155.46 98.42 34.92
3/18/2019 230.39 154.96 99.66 35.89
3/19/2019 231.01 154.59 99.85 35.12
3/20/2019 229.89 153.75 98.64 34.10
3/21/2019 235.87 155.80 99.06 34.43
3/22/2019 230.76 153.07 98.28 34.10
3/25/2019 230.42 153.03 98.17 34.93
3/26/2019 233.29 155.30 98.32 36.25
3/27/2019 232.52 154.22 97.21 36.00
3/28/2019 234.86 154.67 97.13 36.14
3/29/2019 235.45 156.19 97.53 35.87
4/1/2019 239.05 157.26 97.82 36.12

4/2/2019 239.26 157.78 96.94 35.96

4/3/2019 238.93 158.46 97.19 36.57

4/4/2019 236.06 157.64 98.11 36.45
4/5/2019 236.63 157.65 98.83 37.37
4/8/2019 236.27 157.75 99.23 36.69
4/9/2019 235.91 157.49 98.69 37.08
4/10/2019 237.06 158.56 99.60 37.03
4/11/2019 236.04 157.86 100.80 36.75
4/12/2019 238.83 159.64 101.56 37.95
4/15/2019 239.15 160.44 102.43 37.97
4/16/2019 240.09 160.23 102.93 38.28
4/17/2019 241.00 160.44 103.16 38.72
4/18/2019 240.89 160.16 103.18 43.46
4/22/2019 243.05 160.40 102.37 42.94
4/23/2019 243.49 161.66 103.07 41.41
4/24/2019 245.29 161.49 103.53 42.20
4/25/2019 245.61 161.02 103.52 40.25
4/26/2019 246.68 162.93 101.53 43.05
4/29/2019 247.13 164.15 101.56 43.38
4/30/2019 254.24 164.43 102.84 43.08
5/1/2019 248.75 162.79 101.36 43.01
5/2/2019 247.19 161.12 101.15 42.94
5/3/2019 247.95 162.04 102.08 43.54
5/6/2019 248.64 162.28 102.46 43.36
5/7/2019 245.06 160.21 101.30 41.74
5/8/2019 245.33 160.76 100.30 42.46
5/9/2019 245.31 159.81 99.54 42.02
5/10/2019 247.43 160.71 101.91 42.63
5/13/2019 241.38 157.33 99.89 41.34
5/14/2019 245.94 160.21 100.29 42.64
5/15/2019 249.15 162.79 99.88 43.06
5/16/2019 253.42 164.87 101.31 42.40
5/17/2019 252.55 164.09 100.86 42.40
5/20/2019 253.49 163.47 101.52 42.77
5/21/2019 255.36 163.86 101.12 43.19
5/22/2019 256.90 164.24 102.23 43.25
5/23/2019 249.73 161.51 101.86 43.42
5/24/2019 251.48 162.64 102.67 44.61
5/28/2019 253.43 163.71 102.42 44.14
5/29/2019 253.56 162.73 102.12 44.15
5/30/2019 254.19 162.76 102.19 43.78
5/31/2019 251.49 161.33 101.44 44.14
6/3/2019 242.26 158.60 101.96 44.36
6/4/2019 249.18 162.33 102.56 44.33
6/5/2019 256.26 165.39 104.42 44.70
6/6/2019 257.83 166.92 105.11 44.64
6/7/2019 265.80 170.05 106.06 45.34
6/10/2019 266.10 170.82 107.52 45.39
6/11/2019 263.66 170.31 107.94 44.29
6/12/2019 263.85 171.59 108.82 43.10
6/13/2019 261.20 169.35 108.65 43.06
6/14/2019 260.10 169.66 109.07 43.15
6/17/2019 259.20 169.56 109.16 43.18
6/18/2019 258.81 169.28 109.65 44.20
6/19/2019 259.87 170.69 109.62 43.80
6/20/2019 266.79 173.74 110.32 44.96
6/21/2019 264.47 173.44 111.13 44.61
6/24/2019 265.30 173.85 111.24 44.51
6/25/2019 259.73 171.28 110.72 44.08
6/26/2019 261.30 171.06 110.16 44.00
6/27/2019 261.10 171.23 110.10 45.46
6/28/2019 264.53 173.55 110.49 45.77
7/1/2019 266.77 173.94 110.62 46.29
7/2/2019 270.57 175.28 111.60 46.23
7/3/2019 273.08 176.87 112.32 47.12
7/5/2019 272.14 176.66 111.98 46.77
7/8/2019 271.23 176.19 112.72 46.64
7/9/2019 273.34 177.73 112.88 46.41
7/10/2019 275.38 179.31 112.98 48.00
7/11/2019 278.32 180.74 113.92 48.31
7/12/2019 279.54 180.33 114.60 48.23
7/15/2019 279.37 180.57 114.98 48.11
7/16/2019 276.62 179.31 114.76 47.65
7/17/2019 275.28 179.15 114.60 47.46
7/18/2019 276.78 180.53 114.72 47.98
7/19/2019 275.60 179.24 113.90 47.54
7/22/2019 278.61 180.57 112.82 46.70
7/23/2019 278.97 180.90 112.09 46.22
7/24/2019 280.25 183.33 112.00 46.10
7/25/2019 279.35 181.59 112.22 45.82
7/26/2019 282.07 183.69 113.02 46.22
7/29/2019 281.44 183.21 112.27 46.53
7/30/2019 278.16 181.53 112.06 45.80
7/31/2019 272.27 178.00 110.38 46.19
8/1/2019 274.16 179.17 109.38 47.36
8/2/2019 269.45 177.42 109.40 46.53
8/5/2019 256.84 168.86 105.82 45.20
8/6/2019 264.68 172.48 107.27 45.89
8/7/2019 269.31 175.32 108.20 46.55
8/8/2019 278.04 179.90 108.52 47.04
8/9/2019 274.95 179.05 107.28 46.40
8/12/2019 270.00 176.34 105.22 46.02
8/13/2019 274.53 178.61 107.41 46.06
8/14/2019 267.15 173.51 106.20 46.08
8/15/2019 271.89 176.27 112.69 46.70
8/16/2019 274.36 178.23 112.99 47.05
8/19/2019 278.07 179.74 113.81 47.15
8/20/2019 277.04 179.24 112.05 46.73
8/21/2019 282.01 180.94 112.02 47.49
8/22/2019 280.77 180.09 111.91 46.95
8/23/2019 271.89 175.23 110.83 47.10
8/26/2019 276.43 177.59 111.99 47.46
8/27/2019 276.64 178.38 112.42 47.75
8/28/2019 278.24 178.67 112.72 47.63
8/29/2019 281.38 181.17 114.08 47.71
8/30/2019 281.37 180.82 114.26 47.25
9/3/2019 280.11 179.20 114.64 47.81
9/4/2019 286.10 181.77 115.91 48.53
9/5/2019 292.08 184.73 115.44 48.10
9/6/2019 291.38 185.74 114.73 48.41
9/9/2019 283.36 181.55 116.33 49.07
9/10/2019 272.33 176.35 116.05 48.42
9/11/2019 269.95 174.98 116.02 47.89
9/12/2019 276.40 177.98 116.92 48.00
9/13/2019 276.32 177.27 117.43 48.12
9/16/2019 274.08 176.11 115.57 47.90
9/17/2019 276.25 176.45 116.51 48.43
9/18/2019 275.10 175.29 117.16 49.11
9/19/2019 275.91 175.96 117.11 49.24
9/20/2019 271.17 174.06 116.98 49.26
9/23/2019 273.15 174.91 117.62 49.40
9/24/2019 271.12 174.48 118.40 47.60
9/25/2019 272.75 175.28 118.47 47.59
9/26/2019 273.89 175.65 118.30 47.28
9/27/2019 269.13 174.00 118.45 46.60
9/30/2019 271.57 172.01 118.68 46.60
10/1/2019 270.94 174.29 117.85 46.77
10/2/2019 264.48 169.83 116.12 47.05
10/3/2019 268.29 172.87 116.31 47.43
10/4/2019 274.06 175.98 118.16 48.03
10/7/2019 272.19 174.90 117.23 47.21
10/8/2019 267.07 172.42 117.58 46.68
10/9/2019 272.24 174.88 118.93 47.72
10/10/2019 273.83 174.88 119.61 46.75
10/11/2019 275.91 177.06 120.24 46.22
10/14/2019 276.38 177.36 119.17 46.17
10/15/2019 278.56 178.75 119.53 46.26
10/16/2019 278.27 177.87 119.42 45.93
10/17/2019 276.51 177.94 119.84 44.81
10/18/2019 270.63 175.71 119.14 44.44
10/21/2019 274.30 176.43 119.74 44.11
10/22/2019 261.26 170.86 119.58 44.27
10/23/2019 260.85 171.32 119.35 44.15
10/24/2019 268.75 176.16 119.10 43.58
10/25/2019 270.19 177.85 119.04 42.29
10/28/2019 275.93 179.84 119.22 42.55
10/29/2019 274.29 177.63 117.15 42.99
10/30/2019 277.15 179.25 118.10 44.06
10/31/2019 276.81 178.86 117.26 46.52
11/1/2019 279.05 180.93 117.62 49.61
11/4/2019 276.33 178.95 117.57 49.40
11/5/2019 269.00 176.37 118.86 49.35
11/6/2019 269.86 176.77 119.50 48.19
11/7/2019 272.79 178.43 120.23 48.16
11/8/2019 274.89 178.97 119.44 47.97
11/11/2019 277.00 179.54 119.04 48.10
11/12/2019 277.14 179.74 119.12 48.41
11/13/2019 278.07 179.41 120.98 48.15
11/14/2019 279.63 179.75 120.65 48.10
11/15/2019 280.78 179.77 118.87 47.42
11/18/2019 280.86 179.66 120.25 48.07
11/19/2019 285.31 182.77 119.89 48.77
11/20/2019 285.38 181.66 119.13 49.54
11/21/2019 284.45 179.89 119.86 48.68
11/22/2019 282.57 179.47 119.36 47.98
11/25/2019 287.61 180.97 118.92 48.84
11/26/2019 289.38 182.55 119.19 48.74
11/27/2019 291.70 184.37 118.76 48.80
11/29/2019 292.23 184.51 119.09 48.39
12/2/2019 286.47 181.79 119.28 50.04
12/3/2019 287.09 181.90 118.67 50.93
12/4/2019 286.84 180.60 118.69 50.73
12/5/2019 289.85 181.89 118.66 49.99
12/6/2019 290.40 182.17 119.78 50.55
12/9/2019 289.06 182.92 119.36 51.72
12/10/2019 288.61 182.26 119.14 52.95
12/11/2019 290.05 182.01 119.00 52.53
12/12/2019 292.21 182.64 119.76 51.88
12/13/2019 296.09 185.14 120.29 50.95
12/16/2019 296.96 186.24 120.54 52.31
12/17/2019 296.00 185.52 121.28 51.95
12/18/2019 294.74 184.90 119.86 50.93
12/19/2019 297.53 186.54 120.08 49.65
12/20/2019 298.57 188.00 120.29 49.48
12/23/2019 297.27 187.08 119.03 49.64
12/24/2019 297.48 187.57 119.51 49.55
12/26/2019 299.20 189.16 119.52 49.90
12/27/2019 300.74 189.39 119.59 50.00
12/30/2019 297.72 187.83 119.40 49.70
12/31/2019 298.59 187.90 118.84 49.90
 Tasa libre de riesgo 0.030%
Retorno de mercado
Desv. Mercado

rtir Parte A, B y C
Coca-Cola
Starbucks Portafolio Retorno
Company
14.00% 25.00% Portafolio 1
8.00% 26.00% Portafolio 2
8.00% 22.00% Portafolio 3
28.00% 31.00% Portafolio 4
4.00% 12.00% Portafolio 5
4.00% 45.00% Portafolio 6

Coca-Cola
Starbucks Fecha Mastercard Inc.
Company
64.32 46.93 1/2/2019
61.53 46.64 1/3/2019
63.57 47.57 1/4/2019
63.57 46.95 1/7/2019
63.62 47.48 1/8/2019
63.88 46.57 1/9/2019
64.19 47.07 1/10/2019
63.73 47.34 1/11/2019
63.37 47.15 1/14/2019
64.08 47.57 1/15/2019
63.77 46.92 1/16/2019
64.28 47.06 1/17/2019
64.70 47.61 1/18/2019
65.39 47.72 1/22/2019
66.43 48.27 1/23/2019
64.74 47.69 1/24/2019
67.09 47.37 1/25/2019
66.90 47.17 1/28/2019
67.04 47.40 1/29/2019
68.15 47.86 1/30/2019
68.14 48.13 1/31/2019
68.11 48.70 2/1/2019
67.58 49.25 2/4/2019
69.34 49.26 2/5/2019
68.85 49.26 2/6/2019
69.14 49.42 2/7/2019
69.75 49.50 2/8/2019
69.99 49.61 2/11/2019
69.75 49.66 2/12/2019
70.51 49.79 2/13/2019
70.84 45.59 2/14/2019
70.71 45.24 2/15/2019
70.20 44.83 2/19/2019
70.39 45.10 2/20/2019
70.70 45.86 2/21/2019

71.30 45.28 2/22/2019

71.05 44.94 2/25/2019

71.14 44.69 2/26/2019
70.15 44.94 2/27/2019
70.26 45.34 2/28/2019
70.85 45.38 3/1/2019
70.95 45.65 3/4/2019
71.58 45.60 3/5/2019
71.27 45.45 3/6/2019
70.61 45.28 3/7/2019
69.36 44.84 3/8/2019
69.68 46.18 3/11/2019

70.05 46.05 3/12/2019

70.10 46.22 3/13/2019

70.74 45.70 3/14/2019
70.67 45.30 3/15/2019
70.84 45.41 3/18/2019
71.38 45.56 3/19/2019
71.63 45.53 3/20/2019
72.26 45.51 3/21/2019
71.96 45.93 3/22/2019
72.30 46.03 3/25/2019
72.96 46.64 3/26/2019
72.74 46.61 3/27/2019
73.96 46.58 3/28/2019
74.34 46.86 3/29/2019
73.96 46.72 4/1/2019

74.27 46.57 4/2/2019

74.33 46.18 4/3/2019

74.35 46.48 4/4/2019
75.03 46.47 4/5/2019
75.20 46.55 4/8/2019
75.12 46.67 4/9/2019
75.48 46.64 4/10/2019
75.87 46.71 4/11/2019
76.65 46.74 4/12/2019
76.16 47.00 4/15/2019
75.70 46.95 4/16/2019
75.12 47.28 4/17/2019
76.06 47.48 4/18/2019
75.40 47.40 4/22/2019
75.99 48.21 4/23/2019
76.39 47.98 4/24/2019
77.11 47.84 4/25/2019
77.45 48.26 4/26/2019
76.91 48.42 4/29/2019
77.68 49.06 4/30/2019
77.52 48.59 5/1/2019
77.47 48.39 5/2/2019
78.05 48.72 5/3/2019
78.06 48.47 5/6/2019
77.96 48.00 5/7/2019
78.05 47.85 5/8/2019
77.90 47.40 5/9/2019
78.42 48.19 5/10/2019
76.68 48.05 5/13/2019
77.06 48.69 5/14/2019
77.76 49.18 5/15/2019
78.90 49.58 5/16/2019
78.91 49.20 5/17/2019
76.66 48.85 5/20/2019
77.53 48.60 5/21/2019
77.25 49.65 5/22/2019
76.41 49.85 5/23/2019
76.15 49.61 5/24/2019
75.70 49.10 5/28/2019
75.28 48.61 5/29/2019
76.17 49.25 5/30/2019
76.06 49.13 5/31/2019
76.22 49.98 6/3/2019
78.52 50.00 6/4/2019
79.96 50.78 6/5/2019
81.40 51.40 6/6/2019
82.48 51.49 6/7/2019
81.93 51.38 6/10/2019
82.37 51.33 6/11/2019
82.93 51.64 6/12/2019
83.35 51.13 6/13/2019
84.24 51.31 6/14/2019
83.02 50.87 6/17/2019
82.92 50.64 6/18/2019
83.81 51.12 6/19/2019
84.69 51.66 6/20/2019
83.82 51.55 6/21/2019
83.65 51.92 6/24/2019
84.25 51.76 6/25/2019
83.38 51.12 6/26/2019
83.56 51.08 6/27/2019
83.83 50.92 6/28/2019
84.55 51.60 7/1/2019
85.51 51.98 7/2/2019
87.79 52.10 7/3/2019
87.79 52.11 7/5/2019
87.44 52.00 7/8/2019
87.23 51.59 7/9/2019
88.38 51.82 7/10/2019
89.07 52.04 7/11/2019
89.77 52.12 7/12/2019
90.16 52.13 7/15/2019
90.08 52.14 7/16/2019
90.25 52.18 7/17/2019
91.50 52.03 7/18/2019
90.30 51.39 7/19/2019
90.92 51.22 7/22/2019
90.11 54.33 7/23/2019
90.65 53.78 7/24/2019
90.98 53.07 7/25/2019
99.11 54.17 7/26/2019
98.02 53.99 7/29/2019
96.65 53.72 7/30/2019
94.69 52.63 7/31/2019
95.38 52.03 8/1/2019
95.51 52.33 8/2/2019
93.70 51.65 8/5/2019
95.34 52.27 8/6/2019
95.22 53.18 8/7/2019
96.27 53.69 8/8/2019
96.30 53.42 8/9/2019
94.91 53.20 8/12/2019
96.63 53.50 8/13/2019
94.92 52.99 8/14/2019
95.53 53.87 8/15/2019
96.52 54.41 8/16/2019
96.66 54.69 8/19/2019
95.63 53.88 8/20/2019
96.32 54.10 8/21/2019
96.49 54.49 8/22/2019
94.70 53.74 8/23/2019
96.50 54.54 8/26/2019
96.09 54.72 8/27/2019
97.07 55.11 8/28/2019
97.70 55.05 8/29/2019
96.56 55.04 8/30/2019
96.77 55.30 9/3/2019
96.11 55.77 9/4/2019
95.56 55.12 9/5/2019
95.74 55.23 9/6/2019
94.16 54.52 9/9/2019
90.35 54.40 9/10/2019
90.98 54.77 9/11/2019
92.06 55.11 9/12/2019
90.48 54.26 9/13/2019
89.42 53.96 9/16/2019
90.75 54.24 9/17/2019
90.96 54.23 9/18/2019
91.56 54.52 9/19/2019
90.07 53.91 9/20/2019
90.81 54.14 9/23/2019
89.92 54.30 9/24/2019
90.35 54.17 9/25/2019
89.80 54.39 9/26/2019
88.37 54.31 9/27/2019
88.42 54.44 9/30/2019
86.51 54.65 10/1/2019
84.32 53.08 10/2/2019
84.67 53.84 10/3/2019
85.92 54.54 10/4/2019
85.85 53.87 10/7/2019
84.91 53.58 10/8/2019
85.85 53.83 10/9/2019
85.96 53.66 10/10/2019
86.36 53.30 10/11/2019
86.62 53.30 10/14/2019
86.45 53.51 10/15/2019
86.71 53.49 10/16/2019
86.29 53.79 10/17/2019
86.03 54.78 10/18/2019
85.35 54.23 10/21/2019
83.46 53.85 10/22/2019
82.74 54.64 10/23/2019
83.18 54.61 10/24/2019
83.38 53.75 10/25/2019
83.60 53.57 10/28/2019
84.13 53.41 10/29/2019
84.19 53.94 10/30/2019
84.56 54.43 10/31/2019
83.21 53.90 11/1/2019
82.37 53.14 11/4/2019
81.89 52.42 11/5/2019
82.99 52.80 11/6/2019
81.95 52.29 11/7/2019
81.77 52.21 11/8/2019
82.43 51.84 11/11/2019
83.32 51.71 11/12/2019
83.94 52.41 11/13/2019
84.38 52.63 11/14/2019
84.21 52.67 11/15/2019
84.02 53.03 11/18/2019
83.66 53.08 11/19/2019
83.60 53.22 11/20/2019
82.30 52.96 11/21/2019
83.02 53.03 11/22/2019
83.75 53.22 11/25/2019
84.56 53.90 11/26/2019
85.77 53.95 11/27/2019
85.43 53.40 11/29/2019
84.57 53.75 12/2/2019
84.82 53.80 12/3/2019
85.40 54.29 12/4/2019
84.45 54.19 12/5/2019
86.32 54.42 12/6/2019
86.28 54.07 12/9/2019
86.04 53.77 12/10/2019
86.59 53.95 12/11/2019
88.21 54.14 12/12/2019
88.67 54.42 12/13/2019
88.78 54.42 12/16/2019
88.13 54.42 12/17/2019
87.99 53.91 12/18/2019
88.52 54.32 12/19/2019
88.46 54.97 12/20/2019
88.23 54.91 12/23/2019
88.52 54.71 12/24/2019
88.08 55.02 12/26/2019
88.13 55.35 12/27/2019
87.44 55.27 12/30/2019
87.92 55.35 12/31/2019
 Beta Riesgo Ratio de Sharpe

Retornos
Visa Inc. Walmart Inc. Nintendo Co. Starbucks
 S&P

Coca-Cola Company Fecha Valor

1/2/2019 2,510
1/3/2019 2,448
1/4/2019 2,532
1/7/2019 2,550
1/8/2019 2,574
1/9/2019 2,585
1/10/2019 2,597
1/11/2019 2,596
1/14/2019 2,583
1/15/2019 2,610
1/16/2019 2,616
1/17/2019 2,636
1/18/2019 2,671
1/22/2019 2,633
1/23/2019 2,639
1/24/2019 2,642
1/25/2019 2,665
1/28/2019 2,644
1/29/2019 2,640
1/30/2019 2,681
1/31/2019 2,704
2/1/2019 2,707
2/4/2019 2,725
2/5/2019 2,738
2/6/2019 2,732
2/7/2019 2,706
 2/8/2019 2,708
2/11/2019 2,710
2/12/2019 2,745
2/13/2019 2,753
2/14/2019 2,746
2/15/2019 2,776
2/19/2019 2,780
2/20/2019 2,785
2/21/2019 2,775

2/22/2019 2,793

2/25/2019 2,796
2/26/2019 2,794
2/27/2019 2,792
2/28/2019 2,784
3/1/2019 2,804
3/4/2019 2,793
3/5/2019 2,790
3/6/2019 2,771
3/7/2019 2,749
3/8/2019 2,743
3/11/2019 2,783

3/12/2019 2,792

3/13/2019 2,811
3/14/2019 2,808
3/15/2019 2,822
3/18/2019 2,833
3/19/2019 2,833
3/20/2019 2,824
3/21/2019 2,855
3/22/2019 2,801
3/25/2019 2,798
3/26/2019 2,818
3/27/2019 2,805
3/28/2019 2,815
3/29/2019 2,834
4/1/2019 2,867

4/2/2019 2,867

4/3/2019 2,873
4/4/2019 2,879
4/5/2019 2,893
4/8/2019 2,896
4/9/2019 2,878
4/10/2019 2,888
4/11/2019 2,888
4/12/2019 2,907
4/15/2019 2,906
4/16/2019 2,907
4/17/2019 2,900
4/18/2019 2,905
4/22/2019 2,908
4/23/2019 2,934
4/24/2019 2,927
4/25/2019 2,926
4/26/2019 2,940
4/29/2019 2,943
4/30/2019 2,946
5/1/2019 2,924
5/2/2019 2,918
5/3/2019 2,946
5/6/2019 2,932
5/7/2019 2,884
5/8/2019 2,879
5/9/2019 2,871
5/10/2019 2,881
5/13/2019 2,812
5/14/2019 2,834
5/15/2019 2,851
5/16/2019 2,876
5/17/2019 2,860
5/20/2019 2,840
5/21/2019 2,864
5/22/2019 2,856
5/23/2019 2,822
5/24/2019 2,826
5/28/2019 2,802
5/29/2019 2,783
5/30/2019 2,789
5/31/2019 2,752
6/3/2019 2,744
6/4/2019 2,803
6/5/2019 2,826
6/6/2019 2,843
6/7/2019 2,873
6/10/2019 2,887
6/11/2019 2,886
6/12/2019 2,880
6/13/2019 2,892
6/14/2019 2,887
6/17/2019 2,890
6/18/2019 2,918
6/19/2019 2,926
6/20/2019 2,954
6/21/2019 2,950
6/24/2019 2,945
6/25/2019 2,917
6/26/2019 2,914
6/27/2019 2,925
6/28/2019 2,942
7/1/2019 2,964
7/2/2019 2,973
7/3/2019 2,996
7/5/2019 2,990
7/8/2019 2,976
7/9/2019 2,980
7/10/2019 2,993
7/11/2019 3,000
7/12/2019 3,014
7/15/2019 3,014
7/16/2019 3,004
7/17/2019 2,984
7/18/2019 2,995
7/19/2019 2,977
7/22/2019 2,985
7/23/2019 3,005
7/24/2019 3,020
7/25/2019 3,004
7/26/2019 3,026
7/29/2019 3,021
7/30/2019 3,013
7/31/2019 2,980
8/1/2019 2,954
8/2/2019 2,932
8/5/2019 2,845
8/6/2019 2,882
8/7/2019 2,884
8/8/2019 2,938
8/9/2019 2,919
8/12/2019 2,883
8/13/2019 2,926
8/14/2019 2,841
8/15/2019 2,848
8/16/2019 2,889
8/19/2019 2,924
8/20/2019 2,901
8/21/2019 2,924
8/22/2019 2,923
8/23/2019 2,847
8/26/2019 2,878
8/27/2019 2,869
8/28/2019 2,888
8/29/2019 2,925
8/30/2019 2,926
9/3/2019 2,906
9/4/2019 2,938
9/5/2019 2,976
9/6/2019 2,979
9/9/2019 2,978
9/10/2019 2,979
9/11/2019 3,001
9/12/2019 3,010
9/13/2019 3,007
9/16/2019 2,998
9/17/2019 3,006
9/18/2019 3,007
9/19/2019 3,007
9/20/2019 2,992
9/23/2019 2,992
9/24/2019 2,967
9/25/2019 2,985
9/26/2019 2,978
9/27/2019 2,962
9/30/2019 2,977
10/1/2019 2,940
10/2/2019 2,888
10/3/2019 2,911
10/4/2019 2,952
10/7/2019 2,939
10/8/2019 2,893
10/9/2019 2,919
10/10/2019 2,938
10/11/2019 2,970
10/14/2019 2,966
10/15/2019 2,996
10/16/2019 2,990
10/17/2019 2,998
10/18/2019 2,986
10/21/2019 3,007
10/22/2019 2,996
10/23/2019 3,005
10/24/2019 3,010
10/25/2019 3,023
10/28/2019 3,039
10/29/2019 3,037
10/30/2019 3,047
10/31/2019 3,038
11/1/2019 3,067
11/4/2019 3,078
11/5/2019 3,075
11/6/2019 3,077
11/7/2019 3,085
11/8/2019 3,093
11/11/2019 3,087
11/12/2019 3,092
11/13/2019 3,094
11/14/2019 3,097
11/15/2019 3,120
11/18/2019 3,122
11/19/2019 3,120
11/20/2019 3,108
11/21/2019 3,104
11/22/2019 3,110
11/25/2019 3,134
11/26/2019 3,141
11/27/2019 3,154
11/29/2019 3,141
12/2/2019 3,114
12/3/2019 3,093
12/4/2019 3,113
12/5/2019 3,117
12/6/2019 3,146
12/9/2019 3,136
12/10/2019 3,133
12/11/2019 3,142
12/12/2019 3,169
12/13/2019 3,169
12/16/2019 3,191
12/17/2019 3,193
12/18/2019 3,191
12/19/2019 3,205
12/20/2019 3,221
12/23/2019 3,224
12/24/2019 3,223
12/26/2019 3,240
12/27/2019 3,240
12/30/2019 3,221
12/31/2019 3,231
S&P Matriz transpuesta de retornos
Retorno
〖 E[R] 〗 ^′=[■8(■8( 〖𝐸 [𝑟 〗 _1]& 〖𝐸 [𝑟 〗
& 〖𝐸 [𝑟 〗 _𝑛]])
Concepto Mastercard Inc.
Retorno promedio

Empresa
E[R]=[■8(𝐸[𝑟_1]@
𝐸[𝑟_2]@■8(𝐸[𝑟_3]
@■8(⋮@ 〖𝐸 [𝑟 〗 _𝑛
])))]

Matriz de pesos

W^′=[■8(■8(w_1&w_2 )&⋯&w_𝑛])

Portafolio N°
Concepto Mastercard Inc.
Pesos

Matriz de varianzas y covarianzas

var(R)="Σ"=[■8( 〖𝜎 _1 〗 ^2@𝜎_2,1@■8(⋮
@𝜎_(𝑛,1) ))
■8(𝜎_1,2@ 〖𝜎 _2 〗 ^2@■8(⋮@𝜎_(𝑛,2) ))
■8(…@…@■8(⋱@…))
■8(𝜎_(1,𝑛)@𝜎_(2,𝑛)@■8(⋮@ 〖𝜎 _𝑛 〗 ^2 ))]
 var(R)="Σ"=[■8( 〖𝜎 _1 〗 ^2@𝜎_2,1@■8(⋮
@𝜎_(𝑛,1) ))
■8(𝜎_1,2@ 〖𝜎 _2 〗 ^2@■8(⋮@𝜎_(𝑛,2) ))
■8(…@…@■8(⋱@…))
■8(𝜎_(1,𝑛)@𝜎_(2,𝑛)@■8(⋮@ 〖𝜎 _𝑛 〗 ^2 ))]
Empresas Mastercard Inc.
Mastercard Inc.
Visa Inc.
Walmart Inc.
Nintendo Co.
Starbucks

Coca-Cola Company

Retorno del portafolio

E[R_p ]= 〖 E[W 〗 ^′ R]=W^′ E[R_p ]=[■8(■8(w
+⋯+w_𝑛 𝐸[𝑟_𝑛 ]

Retorno del
portafolio

Riesgo del portafolio

〖𝜎 _𝑝 〗 ^2=var(W^′ R)=W^′ "Σ" W=[■8(■8(w_

■8(𝜎_1,2@ 〖𝜎 _2 〗 ^2@■8(⋮@𝜎_(𝑛,2) )) ■8(…@
[■8(𝑤_1@𝑤_2@■8(𝑤_3@■8(⋮@𝑤_𝑛 )))] )

Riesgo del
portafolio
𝑟 〗 _1]& 〖𝐸 [𝑟 〗 _2])&⋯

Visa Inc. Walmart Inc. Nintendo Co. Starbucks

Retorno promedio

&⋯&w_𝑛])

Visa Inc. Walmart Inc. Nintendo Co. Starbucks

2@𝜎_2,1@■8(⋮

(⋮@𝜎_(𝑛,2) ))

(⋮@ 〖𝜎 _𝑛 〗 ^2 ))]
 2@𝜎_2,1@■8(⋮

(⋮@𝜎_(𝑛,2) ))

(⋮@ 〖𝜎 _𝑛 〗 ^2 ))]
Visa Inc. Walmart Inc. Nintendo Co. Starbucks

E[R_p ]=[■8(■8(w_1&w_2 )&⋯&w_𝑛])[■8(𝐸[𝑟_1 ]@𝐸[𝑟_2 ]@■8(𝐸[𝑟_3 ]@■8(⋮@ 〖𝐸 [𝑟 〗 _𝑛])))]=

Σ" W=[■8(■8(w_1&w_2 )&⋯&w_𝑛][■8( 〖𝜎 _1 〗 ^2@𝜎_2,1@■8(⋮@𝜎_(𝑛,1) ))

𝜎_(𝑛,2) )) ■8(…@…@■8(⋱@…)) ■8(𝜎_(1,𝑛)@𝜎_(2,𝑛)@■8(⋮@ 〖𝜎 _𝑛 〗 ^2 ))]
⋮@𝑤_𝑛 )))] )
Coca-Cola Company

Coca-Cola Company
 Coca-Cola Company

𝑈=𝐸(𝑟_𝑐 ) −1/2 A𝜎_𝑐^2

@ 〖𝐸 [𝑟 〗 _𝑛])))]=w_1 𝐸[𝑟_1 ]+w_2 𝐸[𝑟_2 ]+w_3 𝐸[𝑟_3 ]

Parte E: Portafolio riesgoso óptimo

Concepto Mastercard Inc. Visa Inc.

Pesos

Tasa libre de riesgo max┬(𝑤_𝑖 )⁡〖 𝑅𝑎𝑡𝑖𝑜 𝑑𝑒 𝑆ℎ𝑎𝑟𝑝𝑒 =(𝑟_𝑝

Suma de pesos

Retorno del portafolio

Riesgo del portafolio
Ratio de Sharpe

Parte B y D: Beta, varianza sistemática y no sistemática de la acción

Concepto Mastercard Inc. Visa Inc.

Beta
Varianza total

Varianza de los retornos de mercado

Concepto Mastercard Inc. Visa Inc.

Varianza sistemática
 Varianza no sistemática

Parte F: Inversión en el portafolio libre de riesgo y en el portafolio riesgoso óptimo

𝑈=𝐸(𝑟_𝑐 ) −1/2 A𝜎_𝑐^2 𝑤^∗ = [𝐸(𝑟_𝑝 )−𝑟_𝑓

]/(𝐴 〖𝜎 _𝑝 〗 ^2 )

A 20
% Portafolio riesgoso óptimo
% Portafolio Activo libre de riesgo
 Walmart Inc. Nintendo Co. Starbucks Coca-Cola Company

𝑅𝑎𝑡𝑖𝑜 𝑑𝑒 𝑆ℎ𝑎𝑟𝑝𝑒 =(𝑟_𝑝−𝑟_𝑓)/𝜎_𝑝 " " 〗

Walmart Inc. Nintendo Co. Starbucks Coca-Cola Company

Walmart Inc. Nintendo Co. Starbucks Coca-Cola Company

)−𝑟_𝑓
^2 )
Finanzas Corporativas 2

Cálculo de la Frontera Eficiente

Jimmy Chang labora en "Secret Society Capital" y administra un portafolio de inversiones, conformado por s ólo tres activos
reportó a la oficina por un problema de salud. El Gerente a cargo estaba al pendiente de la entrega de la estimaci ón de la fron
que debía reportar Jimmy, debido a la urgencia de elaborarlo, el Gerente, recurre a usted para culminar la labor de Jimmy, y l
los siguientes datos: Los retornos diarios de los activos A, B y C, tienen una media de 0.000455, 0.000333, 0.00899, y desviacio
de 0.015, 0.016, 0.040, respectivamente. Adem ás le mencionan que las covarianzas entre los retornos diarios de A y B es de 0.0
y C es de 0.000030, y entre C y A es de 0.000007. Se le proporciona tambi én una matriz con datos de mil pesos para cada activ
permitirá estimar la frontera eficiente. Halle usted la frontera eficiente (retornos anuales) de este portafolio y graf íquelo. Expl
¿Cómo hallaría el portafolio de tangencia (retornos anuales)? ¿C ómo hallar ía y graficar ía la CML (retornos anuales)? Conside
252 días y una tasa anual libre de riesgo de 2.5%.

Datos de los activos individuales

A B C
media r 0.05% 0.03% 0.09%
desvest 1.50% 1.60% 4.00%
varianza 0.02% 0.03% 0.16%
cov(A,B) cov(B,C) cov(C,A)
covarianza 0.000098 0.000030 0.000007
Tasa libre de riesgo 2.50%

Cálculo de la Frontera Eficiente

r anual

MVC anual

Activo A B C
A
B
C

Ítem w_a w_b w_c desvest_port r_port Sharpe w_port

1 50.00% 20.00% 30.00%
2 50.89% 3.34% 45.77%
3 76.58% 19.36% 4.06%
4 34.69% 39.21% 26.11%
5 61.46% 26.96% 11.58%
6 33.27% 53.34% 13.40%
7 49.30% 29.63% 21.06%
8 34.15% 16.42% 49.43%
9 38.84% 17.37% 43.78%
10 45.05% 3.66% 51.28%
11 42.15% 28.59% 29.26%
12 12.56% 19.91% 67.53%
13 11.16% 40.62% 48.22%
14 15.92% 48.24% 35.84%
15 35.70% 6.82% 57.48%
16 30.29% 7.38% 62.33%
17 0.75% 18.16% 81.09%
18 15.35% 10.00% 74.65%
19 34.46% 30.26% 35.28%
20 5.31% 35.84% 58.85%
21 0.83% 67.32% 31.85%
22 46.24% 18.76% 35.00%
23 22.86% 51.08% 26.05%
24 25.02% 50.64% 24.34%
25 44.47% 31.07% 24.46%
26 60.71% 4.45% 34.84%
27 24.53% 72.01% 3.47%
28 48.61% 31.72% 19.67%
29 51.62% 9.61% 38.77%
30 26.03% 16.76% 57.21%
31 10.26% 61.73% 28.01%
32 55.47% 12.42% 32.10%
33 31.40% 55.10% 13.50%
34 31.05% 35.99% 32.96%
35 72.77% 4.72% 22.52%
36 33.65% 1.25% 65.10%
37 12.71% 34.70% 52.59%
38 24.09% 48.47% 27.45%
39 42.80% 20.98% 36.22%
40 13.90% 39.40% 46.71%
41 62.56% 23.82% 13.61%
42 40.51% 34.46% 25.03%
43 16.31% 31.97% 51.72%
44 48.20% 42.72% 9.08%
45 47.88% 32.31% 19.80%
46 17.53% 46.09% 36.38%
47 10.66% 66.60% 22.74%
48 24.34% 28.88% 46.78%
49 50.71% 48.87% 0.42%
50 3.20% 63.70% 33.11%
51 59.93% 19.67% 20.39%
52 10.23% 51.46% 38.32%
53 30.07% 37.94% 31.99%
54 30.38% 43.28% 26.34%
55 6.95% 18.40% 74.65%
56 84.81% 7.67% 7.52%
57 21.92% 48.02% 30.06%
58 37.38% 24.75% 37.86%
59 45.47% 48.90% 5.63%
60 12.61% 69.53% 17.86%
61 35.10% 10.63% 54.27%
62 57.13% 5.41% 37.46%
63 49.49% 5.67% 44.84%
64 23.74% 48.51% 27.75%
65 49.73% 15.38% 34.88%
66 1.72% 92.37% 5.91%
67 37.45% 7.68% 54.87%
68 5.26% 69.68% 25.06%
69 2.99% 58.70% 38.31%
70 51.17% 18.55% 30.27%
71 63.74% 1.21% 35.05%
72 47.19% 24.62% 28.20%
73 25.61% 69.45% 4.94%
74 60.76% 0.86% 38.38%
75 42.74% 57.12% 0.14%
76 26.14% 61.93% 11.93%
77 16.85% 34.24% 48.91%
78 48.59% 23.12% 28.29%
79 11.21% 33.29% 55.50%
80 36.72% 27.78% 35.49%
81 15.28% 58.61% 26.11%
82 37.98% 5.65% 56.37%
83 30.58% 37.58% 31.84%
84 25.32% 65.07% 9.61%
85 37.90% 33.47% 28.63%
86 44.03% 29.28% 26.68%
87 38.52% 37.42% 24.06%
88 17.55% 41.07% 41.39%
89 39.07% 11.24% 49.69%
90 33.62% 28.63% 37.75%
91 19.13% 10.50% 70.37%
92 44.14% 19.42% 36.44%
93 31.64% 37.24% 31.12%
94 21.67% 1.32% 77.02%
95 21.73% 45.25% 33.03%
96 16.42% 41.28% 42.30%
97 60.70% 5.72% 33.59%
98 31.22% 54.64% 14.14%
99 50.57% 19.67% 29.76%
100 18.48% 54.45% 27.08%
101 4.77% 86.50% 8.72%
102 22.16% 77.60% 0.24%
103 54.75% 5.93% 39.32%
104 0.24% 21.79% 77.97%
105 43.68% 21.71% 34.61%
106 19.99% 21.91% 58.10%
107 43.49% 16.38% 40.13%
108 35.80% 21.10% 43.10%
109 3.93% 28.94% 67.13%
110 25.90% 72.90% 1.20%
111 42.92% 18.29% 38.78%
112 36.33% 36.44% 27.23%
113 22.37% 36.11% 41.52%
114 3.71% 46.54% 49.75%
115 29.26% 21.88% 48.86%
116 10.57% 52.22% 37.21%
117 34.26% 32.10% 33.64%
118 4.98% 50.59% 44.44%
119 25.71% 46.02% 28.27%
120 66.72% 4.31% 28.97%
121 67.59% 21.77% 10.64%
122 2.07% 29.73% 68.20%
123 47.91% 25.35% 26.74%
124 40.19% 51.75% 8.06%
125 2.02% 68.19% 29.79%
126 65.74% 9.63% 24.63%
127 33.64% 34.58% 31.79%
128 47.91% 41.85% 10.24%
129 28.61% 40.84% 30.54%
130 33.64% 36.63% 29.73%
131 40.37% 55.60% 4.04%
132 25.30% 27.88% 46.82%
133 32.51% 37.19% 30.30%
134 48.68% 29.19% 22.13%
135 44.09% 7.46% 48.45%
136 31.56% 42.26% 26.19%
137 17.75% 30.91% 51.35%
138 24.00% 66.80% 9.20%
139 19.55% 14.97% 65.48%
140 5.97% 31.47% 62.55%
141 26.23% 37.34% 36.43%
142 27.29% 15.63% 57.08%
143 18.90% 48.36% 32.73%
144 8.97% 46.60% 44.44%
145 46.26% 48.15% 5.58%
146 33.74% 7.75% 58.51%
147 35.75% 14.34% 49.91%
148 37.91% 34.99% 27.10%
149 14.13% 46.29% 39.57%
150 18.13% 45.04% 36.83%
151 8.49% 32.14% 59.37%
152 65.59% 23.85% 10.56%
153 48.05% 38.59% 13.35%
154 50.79% 4.13% 45.08%
155 9.74% 46.22% 44.03%
156 27.92% 26.29% 45.80%
157 32.13% 14.72% 53.15%
158 36.18% 35.02% 28.79%
159 18.01% 54.99% 27.00%
160 59.40% 11.13% 29.47%
161 7.37% 46.90% 45.73%
162 9.19% 38.28% 52.52%
163 33.60% 26.45% 39.95%
164 12.34% 27.92% 59.74%
165 11.98% 48.61% 39.41%
166 34.35% 35.69% 29.96%
167 39.10% 38.81% 22.08%
168 37.40% 28.33% 34.27%
169 3.84% 58.97% 37.19%
170 36.94% 36.50% 26.56%
171 29.96% 39.03% 31.00%
172 27.10% 29.50% 43.40%
173 36.22% 60.53% 3.25%
174 3.99% 37.36% 58.65%
175 22.02% 60.40% 17.58%
176 18.71% 19.13% 62.16%
177 10.38% 49.86% 39.76%
178 19.23% 51.17% 29.60%
179 40.13% 45.28% 14.59%
180 32.51% 41.97% 25.52%
181 43.75% 37.50% 18.74%
182 43.44% 32.64% 23.92%
183 47.33% 16.40% 36.27%
184 58.18% 13.42% 28.41%
185 8.45% 29.81% 61.75%
186 75.83% 12.55% 11.62%
187 42.57% 20.11% 37.32%
188 47.38% 21.14% 31.48%
189 33.14% 35.76% 31.10%
190 40.08% 22.56% 37.36%
191 34.67% 15.32% 50.01%
192 25.41% 63.41% 11.18%
193 1.48% 56.97% 41.56%
194 6.07% 44.19% 49.75%
195 47.74% 20.55% 31.72%
196 83.03% 0.94% 16.03%
197 2.19% 27.15% 70.65%
198 26.50% 51.51% 22.00%
199 72.03% 1.52% 26.44%
200 20.19% 44.68% 35.14%
201 77.88% 14.80% 7.33%
202 65.68% 31.92% 2.40%
203 20.20% 46.64% 33.16%
204 19.72% 34.56% 45.72%
205 29.26% 15.40% 55.34%
206 16.67% 22.90% 60.43%
207 43.43% 54.05% 2.53%
208 54.99% 4.69% 40.32%
209 16.91% 40.88% 42.21%
210 34.25% 31.30% 34.45%
211 43.66% 28.32% 28.03%
212 11.03% 45.39% 43.58%
213 12.69% 39.38% 47.93%
214 17.03% 40.27% 42.70%
215 42.03% 0.77% 57.20%
216 41.54% 16.84% 41.62%
217 33.13% 31.93% 34.94%
218 2.86% 16.94% 80.21%
219 30.42% 10.03% 59.55%
220 10.90% 16.94% 72.16%
221 39.35% 26.87% 33.78%
222 36.02% 5.17% 58.81%
223 35.07% 28.37% 36.57%
224 31.21% 49.43% 19.36%
225 46.12% 34.65% 19.22%
226 28.38% 61.78% 9.84%
227 27.27% 67.22% 5.51%
228 2.45% 61.61% 35.94%
229 38.14% 27.70% 34.16%
230 32.65% 30.82% 36.53%
231 76.50% 10.45% 13.05%
232 16.61% 52.00% 31.38%
233 37.14% 30.75% 32.11%
234 47.87% 30.07% 22.06%
235 4.63% 29.31% 66.07%
236 18.49% 33.07% 48.45%
237 41.70% 6.90% 51.40%
238 56.00% 39.70% 4.30%
239 16.61% 33.18% 50.21%
240 34.66% 39.08% 26.26%
241 22.61% 22.21% 55.18%
242 43.57% 24.16% 32.27%
243 70.62% 8.95% 20.43%
244 41.07% 21.77% 37.17%
245 38.70% 36.34% 24.96%
246 35.33% 28.77% 35.91%
247 61.72% 27.60% 10.68%
248 59.14% 28.41% 12.45%
249 42.28% 35.65% 22.08%
250 7.77% 25.39% 66.84%
251 49.61% 1.11% 49.28%
252 20.41% 34.63% 44.96%
253 21.32% 1.94% 76.73%
254 0.76% 24.40% 74.84%
255 15.03% 32.50% 52.47%
256 53.42% 12.78% 33.81%
257 37.67% 39.88% 22.45%
258 25.48% 46.08% 28.44%
259 8.80% 20.36% 70.84%
260 26.10% 21.51% 52.40%
261 30.52% 57.66% 11.82%
262 7.80% 37.92% 54.27%
263 32.45% 15.31% 52.24%
264 20.53% 42.42% 37.05%
265 45.49% 24.25% 30.26%
266 36.63% 22.73% 40.65%
267 60.49% 18.76% 20.75%
268 10.21% 36.74% 53.05%
269 73.55% 21.61% 4.84%
270 11.99% 56.54% 31.46%
271 16.78% 31.93% 51.29%
272 3.04% 59.86% 37.10%
273 38.92% 30.49% 30.59%
274 20.43% 37.20% 42.38%
275 57.23% 4.20% 38.58%
276 84.39% 4.24% 11.37%
277 41.44% 25.18% 33.38%
278 32.58% 58.80% 8.62%
279 14.24% 79.58% 6.18%
280 3.67% 28.75% 67.57%
281 34.57% 40.78% 24.65%
282 4.53% 81.74% 13.73%
283 23.31% 35.90% 40.79%
284 70.27% 0.35% 29.39%
285 29.74% 53.25% 17.01%
286 58.82% 33.33% 7.84%
287 42.98% 36.68% 20.34%
288 2.47% 45.41% 52.11%
289 27.64% 34.30% 38.07%
290 22.35% 37.64% 40.02%
291 43.75% 40.97% 15.28%
292 33.61% 30.46% 35.93%
293 15.18% 66.25% 18.57%
294 30.68% 37.93% 31.39%
295 23.26% 58.70% 18.04%
296 44.23% 4.24% 51.53%
297 45.95% 13.97% 40.08%
298 26.85% 18.61% 54.54%
299 35.18% 13.63% 51.19%
300 12.02% 37.04% 50.94%
301 21.84% 6.77% 71.39%
302 37.51% 20.08% 42.41%
303 66.43% 13.09% 20.48%
304 18.49% 19.25% 62.26%
305 29.04% 53.96% 17.00%
306 18.80% 61.98% 19.22%
307 8.34% 32.76% 58.90%
308 13.37% 18.34% 68.29%
309 54.11% 32.78% 13.11%
310 28.41% 40.93% 30.66%
311 40.38% 43.26% 16.36%
312 78.42% 9.77% 11.81%
313 84.67% 14.06% 1.27%
314 36.10% 42.20% 21.70%
315 22.55% 51.98% 25.46%
316 60.06% 29.46% 10.48%
317 33.28% 0.26% 66.46%
318 52.75% 37.83% 9.41%
319 7.24% 36.88% 55.88%
320 33.87% 24.31% 41.82%
321 42.81% 17.59% 39.60%
322 42.01% 24.57% 33.42%
323 53.36% 31.10% 15.54%
324 37.54% 15.40% 47.06%
325 39.78% 41.87% 18.35%
326 64.67% 1.18% 34.15%
327 76.31% 7.01% 16.68%
328 9.96% 27.95% 62.10%
329 29.52% 31.17% 39.31%
330 48.44% 49.95% 1.61%
331 27.56% 49.15% 23.29%
332 49.44% 20.75% 29.81%
333 47.81% 31.27% 20.92%
334 52.26% 6.25% 41.49%
335 55.06% 35.58% 9.36%
336 25.11% 16.14% 58.75%
337 18.14% 22.61% 59.25%
338 53.17% 39.27% 7.55%
339 8.86% 89.19% 1.95%
340 21.83% 38.95% 39.22%
341 54.50% 37.91% 7.58%
342 19.85% 46.88% 33.27%
343 23.90% 63.52% 12.58%
344 62.17% 9.80% 28.03%
345 43.38% 12.78% 43.84%
346 55.44% 27.55% 17.01%
347 24.76% 56.32% 18.92%
348 13.06% 39.16% 47.77%
349 36.37% 56.83% 6.80%
350 11.95% 39.27% 48.78%
351 27.15% 53.02% 19.83%
352 9.38% 37.78% 52.84%
353 34.96% 2.85% 62.19%
354 23.26% 39.03% 37.71%
355 54.89% 8.66% 36.44%
356 83.61% 5.09% 11.30%
357 18.85% 44.79% 36.35%
358 27.33% 29.26% 43.42%
359 59.32% 5.98% 34.70%
360 19.06% 79.72% 1.22%
361 13.16% 47.04% 39.80%
362 55.98% 8.94% 35.08%
363 25.15% 36.53% 38.32%
364 16.39% 33.27% 50.34%
365 42.99% 16.05% 40.96%
366 16.42% 41.92% 41.66%
367 45.93% 51.57% 2.51%
368 12.05% 44.53% 43.42%
369 34.43% 33.96% 31.61%
370 54.10% 44.01% 1.88%
371 74.46% 20.33% 5.21%
372 17.98% 72.26% 9.76%
373 59.70% 10.17% 30.13%
374 43.43% 51.27% 5.30%
375 16.54% 39.62% 43.84%
376 27.31% 20.10% 52.59%
377 50.14% 34.91% 14.95%
378 18.59% 48.64% 32.78%
379 53.38% 5.09% 41.53%
380 7.31% 3.33% 89.36%
381 35.47% 31.70% 32.83%
382 21.63% 33.15% 45.22%
383 30.30% 59.05% 10.64%
384 33.46% 30.48% 36.06%
385 31.62% 26.59% 41.79%
386 33.41% 38.76% 27.83%
387 67.44% 9.57% 22.99%
388 24.00% 46.37% 29.64%
389 32.00% 35.08% 32.91%
390 5.15% 29.68% 65.17%
391 55.55% 20.07% 24.38%
392 38.29% 42.17% 19.54%
393 38.52% 14.86% 46.61%
394 40.96% 44.86% 14.18%
395 0.42% 14.54% 85.03%
396 47.03% 17.67% 35.30%
397 54.59% 18.13% 27.28%
398 46.75% 49.95% 3.30%
399 5.56% 39.31% 55.13%
400 31.86% 55.30% 12.84%
401 40.91% 1.67% 57.42%
402 38.66% 15.71% 45.63%
403 17.43% 44.72% 37.85%
404 39.41% 9.41% 51.18%
405 47.47% 49.51% 3.02%
406 40.31% 33.36% 26.34%
407 23.64% 33.02% 43.34%
408 30.39% 4.13% 65.48%
409 36.28% 16.47% 47.25%
410 23.21% 5.71% 71.08%
411 12.04% 75.73% 12.23%
412 18.17% 39.04% 42.79%
413 41.67% 18.98% 39.34%
414 46.56% 14.47% 38.97%
415 43.69% 20.65% 35.65%
416 20.21% 35.91% 43.88%
417 10.55% 69.83% 19.63%
418 3.32% 77.15% 19.52%
419 42.81% 28.43% 28.77%
420 28.29% 38.03% 33.67%
421 34.98% 58.35% 6.66%
422 26.15% 15.23% 58.62%
423 4.53% 57.70% 37.77%
424 32.28% 28.18% 39.54%
425 24.93% 37.84% 37.22%
426 43.45% 50.40% 6.15%
427 11.30% 24.99% 63.71%
428 46.28% 36.52% 17.20%
429 54.83% 30.12% 15.05%
430 28.88% 66.83% 4.28%
431 47.33% 1.23% 51.44%
432 27.65% 58.15% 14.20%
433 53.96% 15.56% 30.48%
434 39.06% 25.75% 35.19%
435 31.99% 31.08% 36.93%
436 57.17% 38.70% 4.13%
437 2.81% 90.06% 7.13%
438 71.84% 5.58% 22.58%
439 74.69% 14.32% 11.00%
440 48.77% 13.77% 37.46%
441 32.03% 56.99% 10.99%
442 31.26% 64.75% 3.99%
443 49.23% 37.68% 13.09%
444 33.95% 30.35% 35.71%
445 23.92% 67.38% 8.70%
446 32.44% 26.56% 40.99%
447 37.77% 52.94% 9.29%
448 63.24% 27.85% 8.91%
449 25.61% 42.15% 32.24%
450 42.40% 10.90% 46.70%
451 3.64% 69.08% 27.28%
452 34.38% 7.89% 57.73%
453 12.16% 33.99% 53.85%
454 48.86% 40.53% 10.61%
455 45.23% 35.85% 18.92%
456 41.98% 20.08% 37.94%
457 39.92% 0.07% 60.01%
458 39.12% 5.71% 55.17%
459 25.36% 24.01% 50.64%
460 71.80% 26.26% 1.94%
461 16.86% 60.83% 22.31%
462 56.86% 2.77% 40.37%
463 45.04% 20.06% 34.90%
464 47.85% 42.21% 9.94%
465 46.05% 28.49% 25.46%
466 43.27% 22.89% 33.84%
467 5.11% 38.36% 56.54%
468 6.45% 16.37% 77.18%
469 30.57% 47.30% 22.13%
470 36.71% 6.56% 56.73%
471 34.22% 3.06% 62.72%
472 32.97% 38.78% 28.24%
473 51.57% 23.26% 25.17%
474 94.44% 3.21% 2.35%
475 51.34% 2.56% 46.10%
476 33.30% 16.66% 50.04%
477 3.43% 47.22% 49.35%
478 24.99% 31.66% 43.35%
479 15.41% 18.04% 66.55%
480 45.59% 53.19% 1.22%
481 37.42% 29.06% 33.52%
482 32.41% 43.13% 24.45%
483 55.73% 17.48% 26.78%
484 30.91% 33.18% 35.91%
485 46.87% 52.57% 0.56%
486 37.34% 42.90% 19.76%
487 30.98% 18.50% 50.52%
488 20.16% 47.71% 32.13%
489 36.85% 11.80% 51.36%
490 0.69% 14.96% 84.35%
491 22.13% 0.37% 77.50%
492 18.26% 63.71% 18.03%
493 43.68% 43.12% 13.19%
494 17.86% 54.24% 27.90%
495 49.79% 23.01% 27.20%
496 27.46% 14.74% 57.80%
497 57.21% 32.79% 10.00%
498 31.81% 4.65% 63.55%
499 38.47% 43.81% 17.72%
500 41.86% 31.01% 27.13%
501 34.60% 33.93% 31.47%
502 39.93% 51.37% 8.70%
503 29.43% 42.19% 28.38%
504 33.31% 54.14% 12.55%
505 27.10% 36.97% 35.93%
506 29.71% 16.46% 53.83%
507 36.40% 31.67% 31.93%
508 21.31% 42.86% 35.84%
509 68.36% 13.76% 17.88%
510 51.74% 36.87% 11.39%
511 39.44% 45.56% 15.00%
512 36.03% 35.44% 28.53%
513 30.14% 17.64% 52.22%
514 63.48% 19.62% 16.90%
515 36.63% 15.40% 47.98%
516 28.57% 38.07% 33.37%
517 23.82% 48.95% 27.23%
518 13.65% 51.24% 35.10%
519 17.30% 50.37% 32.33%
520 45.21% 54.76% 0.03%
521 20.09% 64.85% 15.06%
522 27.94% 21.46% 50.60%
523 34.47% 34.29% 31.24%
524 19.77% 64.92% 15.31%
525 21.54% 48.15% 30.32%
526 31.80% 35.05% 33.15%
527 6.09% 65.81% 28.11%
528 51.68% 33.75% 14.57%
529 17.69% 10.34% 71.98%
530 10.41% 47.11% 42.47%
531 28.99% 35.34% 35.67%
532 12.02% 39.16% 48.83%
533 35.25% 31.94% 32.81%
534 55.28% 25.80% 18.92%
535 46.68% 3.17% 50.14%
536 33.76% 54.06% 12.18%
537 60.21% 2.48% 37.31%
538 12.35% 44.79% 42.87%
539 37.04% 13.69% 49.27%
540 55.86% 7.91% 36.23%
541 21.29% 27.59% 51.12%
542 4.57% 94.90% 0.53%
543 48.93% 38.59% 12.47%
544 66.25% 30.72% 3.03%
545 34.10% 33.39% 32.51%
546 19.09% 35.55% 45.36%
547 22.99% 48.58% 28.42%
548 63.83% 30.37% 5.80%
549 19.88% 36.05% 44.07%
550 31.22% 24.46% 44.32%
551 42.57% 23.18% 34.24%
552 43.25% 44.55% 12.19%
553 24.09% 62.04% 13.87%
554 56.81% 43.01% 0.18%
555 32.65% 55.28% 12.07%
556 19.46% 60.63% 19.90%
557 41.28% 45.58% 13.15%
558 68.69% 10.92% 20.39%
559 18.08% 18.04% 63.88%
560 25.60% 51.66% 22.74%
561 46.79% 32.89% 20.32%
562 37.83% 19.18% 42.99%
563 34.38% 17.54% 48.08%
564 35.03% 32.90% 32.07%
565 34.24% 29.13% 36.63%
566 34.27% 19.63% 46.10%
567 45.47% 33.02% 21.51%
568 16.58% 39.88% 43.55%
569 70.18% 28.24% 1.58%
570 24.64% 11.40% 63.96%
571 24.63% 22.72% 52.65%
572 46.38% 14.18% 39.44%
573 2.77% 55.71% 41.53%
574 28.80% 35.09% 36.11%
575 9.79% 68.65% 21.56%
576 51.24% 7.50% 41.27%
577 36.12% 33.19% 30.68%
578 17.06% 14.83% 68.11%
579 62.75% 29.75% 7.50%
580 26.49% 40.03% 33.48%
581 48.96% 22.15% 28.88%
582 36.42% 33.54% 30.04%
583 7.88% 43.26% 48.86%
584 50.38% 39.95% 9.67%
585 49.52% 18.50% 31.98%
586 45.62% 8.55% 45.83%
587 33.66% 28.47% 37.87%
588 59.93% 36.61% 3.46%
589 42.96% 27.49% 29.55%
590 38.78% 18.63% 42.59%
591 0.87% 55.70% 43.43%
592 29.69% 40.88% 29.42%
593 61.47% 30.96% 7.58%
594 3.22% 48.09% 48.69%
595 55.88% 37.88% 6.24%
596 39.31% 49.31% 11.38%
597 48.33% 2.64% 49.03%
598 30.72% 13.69% 55.59%
599 18.19% 28.82% 53.00%
600 36.94% 32.99% 30.08%
601 39.44% 47.66% 12.90%
602 12.36% 23.43% 64.21%
603 69.00% 12.19% 18.80%
604 45.20% 18.49% 36.31%
605 22.98% 39.57% 37.45%
606 20.97% 50.06% 28.97%
607 39.37% 14.45% 46.17%
608 4.07% 74.82% 21.11%
609 13.55% 49.01% 37.44%
610 23.90% 57.07% 19.03%
611 28.89% 12.38% 58.73%
612 22.35% 33.66% 43.99%
613 18.98% 68.47% 12.55%
614 31.19% 48.63% 20.18%
615 13.57% 38.80% 47.64%
616 40.06% 55.26% 4.68%
617 38.35% 39.21% 22.45%
618 44.13% 13.20% 42.67%
619 43.59% 16.98% 39.43%
620 45.43% 28.73% 25.84%
621 53.61% 1.50% 44.89%
622 62.37% 13.95% 23.68%
623 28.73% 31.90% 39.37%
624 47.06% 31.68% 21.26%
625 0.53% 88.88% 10.58%
626 24.80% 29.56% 45.64%
627 18.30% 12.44% 69.27%
628 10.52% 51.12% 38.36%
629 16.49% 45.02% 38.50%
630 43.95% 13.20% 42.85%
631 25.30% 32.18% 42.52%
632 34.17% 31.24% 34.60%
633 22.34% 29.54% 48.11%
634 38.68% 49.25% 12.07%
635 35.89% 42.22% 21.89%
636 46.20% 24.64% 29.15%
637 44.31% 53.26% 2.44%
638 0.82% 82.12% 17.06%
639 29.40% 30.54% 40.06%
640 33.67% 28.71% 37.62%
641 26.35% 24.24% 49.41%
642 1.16% 66.47% 32.37%
643 61.44% 19.19% 19.37%
644 46.90% 23.33% 29.77%
645 6.13% 84.99% 8.88%
646 21.52% 42.61% 35.87%
647 47.46% 26.41% 26.12%
648 8.68% 40.92% 50.40%
649 32.67% 32.28% 35.06%
650 66.37% 4.07% 29.56%
651 31.76% 29.77% 38.47%
652 50.99% 12.41% 36.60%
653 11.99% 40.21% 47.80%
654 25.06% 38.97% 35.97%
655 17.14% 42.33% 40.53%
656 63.77% 23.24% 12.99%
657 59.50% 14.82% 25.67%
658 12.96% 29.00% 58.04%
659 54.03% 25.25% 20.72%
660 54.74% 1.12% 44.14%
661 26.92% 22.64% 50.43%
662 32.31% 29.05% 38.64%
663 46.52% 38.65% 14.82%
664 36.43% 26.31% 37.26%
665 41.78% 47.17% 11.05%
666 39.81% 33.30% 26.90%
667 43.21% 41.65% 15.14%
668 54.42% 23.25% 22.33%
669 57.39% 33.52% 9.09%
670 3.50% 40.34% 56.16%
671 69.17% 20.50% 10.33%
672 10.33% 31.52% 58.16%
673 43.19% 30.91% 25.90%
674 54.88% 12.55% 32.57%
675 34.22% 47.62% 18.16%
676 49.52% 41.35% 9.13%
677 25.88% 40.25% 33.87%
678 26.86% 40.92% 32.22%
679 38.94% 23.23% 37.83%
680 20.19% 54.58% 25.24%
681 44.03% 15.66% 40.31%
682 8.48% 62.73% 28.79%
683 40.48% 21.30% 38.22%
684 22.82% 42.07% 35.11%
685 11.39% 52.09% 36.53%
686 22.46% 72.31% 5.24%
687 25.74% 54.26% 19.99%
688 35.02% 40.61% 24.37%
689 7.43% 69.07% 23.50%
690 3.42% 28.48% 68.10%
691 24.26% 46.20% 29.55%
692 38.31% 16.76% 44.93%
693 7.55% 25.90% 66.55%
694 61.09% 33.87% 5.03%
695 17.54% 18.39% 64.07%
696 10.89% 40.22% 48.88%
697 22.98% 51.09% 25.93%
698 48.05% 34.91% 17.05%
699 26.47% 44.95% 28.58%
700 46.67% 6.54% 46.79%
701 68.12% 1.65% 30.23%
702 28.06% 8.48% 63.47%
703 52.17% 4.23% 43.60%
704 46.60% 10.00% 43.40%
705 53.11% 14.67% 32.22%
706 6.62% 28.99% 64.39%
707 28.10% 41.91% 29.99%
708 44.29% 40.31% 15.40%
709 41.98% 32.60% 25.42%
710 34.11% 12.16% 53.72%
711 18.39% 45.48% 36.13%
712 41.50% 27.63% 30.87%
713 31.23% 29.01% 39.76%
714 55.27% 9.29% 35.44%
715 46.69% 51.60% 1.71%
716 50.50% 30.43% 19.06%
717 17.82% 53.03% 29.15%
718 60.40% 0.30% 39.30%
719 48.51% 9.51% 41.98%
720 54.56% 11.74% 33.70%
721 0.41% 77.91% 21.68%
722 9.39% 51.99% 38.62%
723 35.66% 15.80% 48.54%
724 20.19% 25.64% 54.17%
725 38.07% 27.22% 34.70%
726 36.72% 19.29% 43.99%
727 30.72% 51.61% 17.68%
728 45.06% 26.15% 28.79%
729 29.17% 47.24% 23.60%
730 27.45% 30.89% 41.66%
731 34.36% 45.97% 19.67%
732 41.91% 48.64% 9.45%
733 51.33% 10.49% 38.18%
734 22.92% 57.92% 19.16%
735 44.11% 32.76% 23.13%
736 48.90% 10.22% 40.88%
737 27.06% 19.90% 53.05%
738 2.29% 15.21% 82.51%
739 13.04% 61.93% 25.03%
740 66.96% 4.52% 28.53%
741 24.08% 0.88% 75.05%
742 60.90% 5.83% 33.26%
743 39.30% 27.66% 33.04%
744 72.71% 7.78% 19.51%
745 23.03% 44.30% 32.67%
746 39.68% 37.13% 23.19%
747 46.08% 14.01% 39.91%
748 38.73% 54.32% 6.96%
749 10.62% 47.68% 41.70%
750 44.16% 0.58% 55.25%
751 34.61% 51.86% 13.52%
752 34.86% 50.89% 14.26%
753 0.60% 30.82% 68.58%
754 23.28% 41.75% 34.97%
755 50.34% 45.65% 4.01%
756 38.68% 40.81% 20.52%
757 47.98% 42.95% 9.07%
758 35.53% 28.87% 35.60%
759 30.97% 17.71% 51.31%
760 80.08% 19.52% 0.41%
761 22.66% 55.44% 21.90%
762 6.27% 36.57% 57.16%
763 14.59% 60.39% 25.02%
764 50.03% 30.32% 19.65%
765 20.58% 52.84% 26.59%
766 53.62% 14.58% 31.80%
767 37.03% 45.68% 17.29%
768 53.34% 28.75% 17.91%
769 40.84% 28.04% 31.11%
770 10.21% 79.00% 10.79%
771 15.44% 29.43% 55.14%
772 29.88% 27.59% 42.53%
773 45.09% 28.84% 26.06%
774 26.39% 39.75% 33.85%
775 5.72% 73.01% 21.26%
776 12.63% 13.50% 73.87%
777 42.15% 37.81% 20.03%
778 9.86% 3.79% 86.34%
779 13.19% 3.22% 83.59%
780 18.40% 52.63% 28.96%
781 39.15% 20.31% 40.54%
782 16.47% 47.82% 35.71%
783 29.46% 27.16% 43.38%
784 32.98% 56.83% 10.20%
785 32.76% 55.57% 11.68%
786 26.42% 34.14% 39.44%
787 43.87% 24.42% 31.71%
788 30.70% 11.91% 57.38%
789 17.91% 38.07% 44.02%
790 60.67% 4.92% 34.41%
791 73.51% 9.98% 16.50%
792 6.12% 31.21% 62.67%
793 35.01% 26.03% 38.96%
794 23.81% 39.50% 36.69%
795 35.48% 39.29% 25.23%
796 48.21% 41.21% 10.58%
797 49.73% 47.26% 3.01%
798 15.70% 49.86% 34.44%
799 11.64% 51.82% 36.54%
800 33.13% 29.29% 37.58%
801 33.92% 31.40% 34.69%
802 35.81% 44.80% 19.39%
803 70.86% 6.47% 22.66%
804 2.55% 26.65% 70.80%
805 23.91% 34.41% 41.69%
806 38.61% 22.82% 38.58%
807 36.56% 13.77% 49.67%
808 25.52% 57.35% 17.13%
809 16.06% 65.15% 18.79%
810 32.08% 51.28% 16.63%
811 3.82% 76.41% 19.77%
812 27.88% 6.99% 65.12%
813 49.80% 18.79% 31.41%
814 45.62% 6.55% 47.83%
815 30.33% 47.51% 22.16%
816 49.82% 11.13% 39.05%
817 33.09% 34.75% 32.17%
818 41.76% 29.90% 28.33%
819 36.56% 60.65% 2.79%
820 13.15% 42.09% 44.76%
821 46.04% 12.59% 41.36%
822 44.02% 44.09% 11.89%
823 26.20% 36.04% 37.76%
824 40.71% 42.93% 16.36%
825 14.00% 61.45% 24.55%
826 1.43% 49.54% 49.03%
827 75.41% 4.74% 19.85%
828 44.33% 2.78% 52.89%
829 8.39% 47.53% 44.08%
830 14.79% 59.91% 25.30%
831 61.23% 2.27% 36.49%
832 52.90% 42.55% 4.55%
833 56.22% 31.94% 11.84%
834 51.77% 21.79% 26.44%
835 51.32% 40.64% 8.04%
836 14.69% 24.68% 60.63%
837 36.21% 11.62% 52.18%
838 47.86% 49.40% 2.74%
839 32.03% 14.39% 53.58%
840 67.52% 0.47% 32.01%
841 18.76% 41.21% 40.03%
842 0.45% 13.67% 85.88%
843 26.54% 12.74% 60.72%
844 36.21% 8.77% 55.01%
845 36.14% 27.11% 36.75%
846 12.83% 37.43% 49.73%
847 39.53% 58.94% 1.53%
848 42.68% 33.21% 24.11%
849 31.91% 27.06% 41.02%
850 14.84% 11.23% 73.93%
851 9.15% 56.64% 34.21%
852 45.72% 8.25% 46.03%
853 42.44% 49.32% 8.24%
854 56.17% 13.57% 30.26%
855 14.77% 31.65% 53.58%
856 33.12% 28.62% 38.26%
857 4.84% 37.81% 57.34%
858 41.63% 37.50% 20.88%
859 33.92% 48.24% 17.83%
860 65.41% 0.14% 34.45%
861 38.67% 10.91% 50.41%
862 40.18% 18.25% 41.57%
863 29.40% 46.13% 24.46%
864 40.16% 26.50% 33.34%
865 26.46% 15.03% 58.50%
866 62.62% 10.06% 27.32%
867 9.14% 23.28% 67.58%
868 33.58% 3.29% 63.13%
869 3.09% 47.26% 49.66%
870 10.58% 17.84% 71.58%
871 13.10% 58.96% 27.94%
872 0.55% 12.18% 87.28%
873 33.57% 45.66% 20.77%
874 51.68% 37.62% 10.70%
875 26.17% 27.79% 46.03%
876 27.67% 33.75% 38.58%
877 3.43% 49.31% 47.25%
878 5.03% 34.58% 60.39%
879 8.70% 74.88% 16.43%
880 50.33% 8.51% 41.15%
881 26.02% 53.53% 20.45%
882 50.64% 7.10% 42.26%
883 11.28% 63.09% 25.63%
884 48.84% 34.96% 16.19%
885 37.12% 31.88% 30.99%
886 27.33% 16.04% 56.63%
887 39.70% 24.52% 35.77%
888 53.40% 2.93% 43.67%
889 34.55% 16.47% 48.98%
890 8.19% 62.82% 28.99%
891 57.69% 16.94% 25.37%
892 40.92% 47.50% 11.57%
893 19.71% 26.76% 53.53%
894 24.94% 39.59% 35.47%
895 48.83% 23.39% 27.79%
896 35.40% 60.62% 3.98%
897 3.85% 81.78% 14.37%
898 24.90% 5.29% 69.80%
899 66.93% 21.65% 11.42%
900 40.20% 18.52% 41.28%
901 19.44% 16.83% 63.73%
902 31.52% 51.06% 17.42%
903 31.01% 65.16% 3.83%
904 12.78% 40.46% 46.76%
905 30.91% 24.24% 44.86%
906 33.43% 36.25% 30.32%
907 16.98% 23.62% 59.40%
908 65.19% 27.85% 6.96%
909 13.66% 68.88% 17.46%
910 41.17% 29.18% 29.65%
911 21.99% 6.28% 71.73%
912 72.81% 8.40% 18.80%
913 37.29% 37.19% 25.53%
914 47.64% 20.04% 32.32%
915 27.87% 47.64% 24.50%
916 41.65% 31.84% 26.51%
917 10.04% 25.38% 64.58%
918 22.72% 25.34% 51.94%
919 38.66% 3.57% 57.77%
920 15.64% 37.27% 47.09%
921 14.32% 50.89% 34.79%
922 49.56% 8.32% 42.12%
923 41.37% 31.25% 27.39%
924 43.74% 41.19% 15.06%
925 26.19% 49.42% 24.39%
926 25.92% 57.42% 16.66%
927 24.49% 41.34% 34.17%
928 27.39% 41.90% 30.72%
929 40.08% 45.03% 14.89%
930 1.12% 49.05% 49.83%
931 30.96% 33.58% 35.46%
932 41.91% 8.07% 50.02%
933 13.21% 61.18% 25.61%
934 42.08% 38.46% 19.46%
935 7.55% 91.17% 1.29%
936 71.09% 0.14% 28.77%
937 16.45% 83.55% 0.00%
938 6.85% 1.12% 92.04%
939 41.58% 28.52% 29.90%
940 42.94% 18.84% 38.22%
941 36.40% 56.08% 7.52%
942 18.51% 30.06% 51.44%
943 34.54% 7.18% 58.28%
944 6.43% 44.94% 48.63%
945 82.72% 7.51% 9.76%
946 10.56% 42.47% 46.97%
947 4.34% 35.06% 60.60%
948 62.63% 29.72% 7.65%
949 30.73% 67.20% 2.07%
950 10.14% 78.03% 11.83%
951 24.48% 32.67% 42.86%
952 20.76% 7.38% 71.86%
953 40.35% 46.26% 13.39%
954 32.00% 27.77% 40.23%
955 13.60% 41.49% 44.91%
956 44.88% 8.98% 46.14%
957 74.42% 17.59% 7.99%
958 58.11% 26.95% 14.94%
959 4.47% 37.69% 57.84%
960 17.79% 41.92% 40.28%
961 41.15% 52.78% 6.07%
962 25.19% 24.46% 50.35%
963 66.65% 31.06% 2.30%
964 42.88% 9.87% 47.26%
965 22.06% 28.40% 49.54%
966 1.73% 31.56% 66.71%
967 36.23% 47.24% 16.53%
968 32.51% 63.23% 4.26%
969 27.36% 7.76% 64.88%
970 49.79% 2.11% 48.10%
971 65.56% 0.55% 33.89%
972 41.98% 27.85% 30.18%
973 61.97% 5.66% 32.38%
974 24.19% 65.40% 10.41%
975 60.69% 6.28% 33.03%
976 24.10% 33.73% 42.16%
977 21.49% 47.58% 30.93%
978 34.95% 41.97% 23.08%
979 37.13% 18.10% 44.77%
980 30.82% 4.29% 64.89%
981 34.69% 27.10% 38.20%
982 21.42% 33.47% 45.11%
983 6.23% 63.43% 30.34%
984 34.57% 21.46% 43.97%
985 20.55% 76.78% 2.67%
986 28.88% 40.13% 30.99%
987 34.54% 26.69% 38.77%
988 5.87% 30.32% 63.81%
989 1.30% 22.90% 75.81%
990 4.60% 48.24% 47.17%
991 33.50% 52.23% 14.27%
992 19.44% 33.74% 46.82%
993 24.35% 44.03% 31.62%
994 35.03% 32.22% 32.75%
995 28.05% 46.10% 25.85%
996 44.76% 16.94% 38.30%
997 38.57% 36.35% 25.08%
998 33.47% 40.08% 26.45%
999 4.84% 40.39% 54.77%
1000 26.81% 28.54% 44.65%
mado por s ólo tres activos. Jimmy no se
e la estimaci ón de la frontera eficiente
nar la labor de Jimmy, y le proporciona
00333, 0.00899, y desviaciones est ándares
s diarios de A y B es de 0.000098, entre B
mil pesos para cada activo el cual le
rtafolio y graf íquelo. Explique usted
etornos anuales)? Considere un a ño de

Gráfico CML
desvest_port r_Sharpe
1%
2%
3%
4%
5%
6%
7%
 8%
9%
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
21%
22%
23%
24%
25%
26%
27%
28%
29%
30%
31%
32%
33%
34%
35%
36%
37%
38%
39%
40%
41%
42%
43%
44%
45%
46%
47%
48%
49%
50%
51%
52%
53%
54%
55%
56%
57%
58%
59%
60%
61%
62%
63%
64%
65%
66%
67%
68%
69%
70%
71%
72%
73%
74%
75%
76%
77%
Resolución

Concepto CS Industries MG Industries

Valor de mercado actual
(t=0) $25 $50

Valor de mercado $30 $55

esperado (t = 1)
Dividendo esperado $1 $0
Beta 1.2 0.8

Tasa libre de riesgo 6%

Retorno esperado de
15%
mercado

Cálculo del retorno esperado

Concepto CS Industries MG Industries
Retorno esperado

Retorno requerido
Concepto CS Industries MG Industries
 Retorno requerido

Para CS Industries: Retorno esperado > Retorno requerido

Para MG Industries: Retorno esperado < Retorno requerido

Por consiguiente:
1. La acción de CS Industries está subvalorada, se debería comprar.
2. La acción de MG industries está sobrevalorada, no se debería comprar.

Gráficamente:
Retorno
Retorno requerido Retorno esperado CS esperado
Beta (cualquier activo) Industries MG
Industries
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
2
 Security Market Line
1200.00%

1000.00% Activos subvalorados

Retorno requerido

800.00%

600.00%

400.00%
Activos sobrevalorados
200.00%

0.00%
0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2
Beta

Retorno requerido (cualquier activo) Retorno esperado CS Industries Retorno esperado MG Industries
Activos sobrevalorados

1.4 1.6 1.8 2

etorno esperado MG Industries

 Considerar:

𝑅_𝑖− 𝑅_𝑓= 𝛽_𝑖 ( 𝑅_𝑚− 𝑅_𝑓 )+ 𝑒_𝑖

^2= 〖𝛽 _𝑖 〗 ^2 〖𝜎 _𝑚 〗 ^2+ 〖〖 𝜎〗 _(𝜀_𝑖 ) 〗 ^2

𝑅𝑖𝑒𝑠𝑔𝑜 𝑡𝑜𝑡𝑎𝑙=𝑅𝑖𝑒𝑠𝑔𝑜 𝑠𝑖𝑠𝑡𝑒𝑚á𝑡𝑖𝑐𝑜+𝑅𝑖𝑒𝑠𝑔𝑜 𝑛𝑜 𝑠𝑖𝑠𝑡𝑒𝑚á𝑡𝑖𝑐𝑜

𝜎_𝑚 20%

Acción Negocio beta Varianza del residuo

1 Acero 1.5 0.1
2 Software 0.5 0.18

Acción 1 2
Riesgo sistemático
Riesgo no sistemático
Riesgo total