Recesion

Normal
Auge
Re
VAR
Desv

Probabilidad
20.00%
50.00%
30.00%
100.00%

Matriz de Varianzas y Covarianzas

A
A
0.0000%
B
0.0000%
C
0.0000%

Portafolio
Wa
Wb
Rp

Pesos
50.00%
50.00%
100.00%
Portafolio

Desv p
Rp
Var p

3.54%
7.75%
0.1256%

Accion A
7.00%
7.00%
7.00%
7.00%
0.00%
0.00%

Accion B
-5.00%
10.00%
15.00%
8.50%
0.50%
7.09%

C
0.5025%
0.0000%

0.000%

Re

Var
7.00%
8.50%
7.75%

0.00%
0.50%

B
0.00%
7.00%
0.00%

7.09%
8.50%
0.50%

Accion C
0.00%
0.00%
0.00%
0.00%
0.000%
0.00%

rent a
1.40%
3.50%
2.10%
7.00%

9.00%
8.00%
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
0.00%

1.00%

2.00%

rent b

rent c
-1.00%
5.00%
4.50%
8.50%

1.00%

2.00%

3.00%

0.00%
0.00%
0.00%
0.00%

4.00%

5.00%

0%

var a
0.00000%
0.00000%
0.00000%
0.000%

var b
0.36450%
0.01125%
0.12675%
0.503%

Portafolio
Accion A
Accion B
Accion C

5.00%

6.00%

7.00%

8.00%

var c
0.00000%
0.00000%
0.00000%
0.000%

Portafolio
Accion A
Accion B
Accion C

8.00%

cov ab
0.00%
0.00%
0.00%
0.0000%

cov bc
0.00%
0.00%
0.00%
0.0000%

cov ac
0.00%
0.00%
0.00%
0.0000%

Desv.Stand A
Desv.Stand B
Rent A
Rent B
Peso A
0%
2.50%
5.00%
7.50%
10.00%
12.50%
15.00%
17.50%
20.00%
22.50%
25.00%
27.50%
30.00%
32.50%
35.00%
37.50%
40.00%
42.50%
45.00%
47.50%
50.00%
52.50%
55.00%
57.50%
60.00%
62.50%
65.00%
67.50%
70.00%
72.50%
75.00%
77.50%
80.00%
82.50%
85.00%
87.50%
90.00%
92.50%
95.00%

0.0000%
7.0887%
7.0000% Cov AB
8.5000%
PesoB
Desv Std
Rent
100.00%
7.0887%
97.50%
6.9115%
95.00%
6.7343%
92.50%
6.5571%
90.00%
6.3799%
87.50%
6.2026%
85.00%
6.0254%
82.50%
5.8482%
80.00%
5.6710%
77.50%
5.4938%
75.00%
5.3165%
72.50%
5.1393%
70.00%
4.9621%
67.50%
4.7849%
65.00%
4.6077%
62.50%
4.4305%
60.00%
4.2532%
57.50%
4.0760%
55.00%
3.8988%
52.50%
3.7216%
50.00%
3.5444%
47.50%
3.3671%
45.00%
3.1899%
42.50%
3.0127%
40.00%
2.8355%
37.50%
2.6583%
35.00%
2.4811%
32.50%
2.3038%
30.00%
2.1266%
27.50%
1.9494%
25.00%
1.7722%
22.50%
1.5950%
20.00%
1.4177%
17.50%
1.2405%
15.00%
1.0633%
12.50%
0.8861%
10.00%
0.7089%
7.50%
0.5317%
5.00%
0.3544%

8.50%
8.46%
8.43%
8.39%
8.35%
8.31%
8.28%
8.24%
8.20%
8.16%
8.13%
8.09%
8.05%
8.01%
7.98%
7.94%
7.90%
7.86%
7.83%
7.79%
7.75%
7.71%
7.68%
7.64%
7.60%
7.56%
7.53%
7.49%
7.45%
7.41%
7.38%
7.34%
7.30%
7.26%
7.23%
7.19%
7.15%
7.11%
7.08%

0.00%

9.00%
8.00%
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
0.0000%

1.0000%

2.0000%

97.50%
100.00%

2.50%
0.00%

0.1772%
0.0000%

7.04%
7.00%

00%

Rent

1.0000%

2.0000%

3.0000%

4.0000%

5.0000%

6.0000%

7.0000%

8.0000%

000%

8.0000%

Peso A
0%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
80.00%
85.00%
90.00%
95.00%
100.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%

0.00%
7.09%
0.00%
7.00%
8.50%
0.00%
0.00% Cov AB
0.00% Cov AC
0.00% Cov BC
PesoB
Peso C
Desv Std
Rent
100.00%
0.00%
7.09%
95.00%
0.00%
6.73%
90.00%
0.00%
6.38%
85.00%
0.00%
6.03%
80.00%
0.00%
5.67%
75.00%
0.00%
5.32%
70.00%
0.00%
4.96%
65.00%
0.00%
4.61%
60.00%
0.00%
4.25%
55.00%
0.00%
3.90%
50.00%
0.00%
3.54%
45.00%
0.00%
3.19%
40.00%
0.00%
2.84%
35.00%
0.00%
2.48%
30.00%
0.00%
2.13%
25.00%
0.00%
1.77%
20.00%
0.00%
1.42%
15.00%
0.00%
1.06%
10.00%
0.00%
0.71%
5.00%
0.00%
0.35%
0.00%
0.00%
0.00%
95.00%
5.00%
6.73%
90.00%
5.00%
6.38%
85.00%
5.00%
6.03%
80.00%
5.00%
5.67%
75.00%
5.00%
5.32%
70.00%
5.00%
4.96%
65.00%
5.00%
4.61%
60.00%
5.00%
4.25%
55.00%
5.00%
3.90%
50.00%
5.00%
3.54%
45.00%
5.00%
3.19%
40.00%
5.00%
2.84%
35.00%
5.00%
2.48%

0.00%
0.00%
0.00%

8.5%
8.4%
8.4%
8.3%
8.2%
8.1%
8.1%
8.0%
7.9%
7.8%
7.8%
7.7%
7.6%
7.5%
7.5%
7.4%
7.3%
7.2%
7.2%
7.1%
7.0%
8.1%
8.0%
7.9%
7.9%
7.8%
7.7%
7.6%
7.6%
7.5%
7.4%
7.3%
7.3%
7.2%

8.60%

8.40%
Rentabilidad

Desv.Stand A
Desv.Stand B
Desv.Stand C
Rent A
Rent B
Rent C
Corr AB
Corr AC
Corr BC

8.20%

8.00%

7.80%

7.60%

7.40%

7.20%

7.00%
0.00%

1.

65.00%
70.00%
75.00%
80.00%
85.00%
90.00%
95.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
80.00%
85.00%
90.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
80.00%
85.00%
0.00%

30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
90.00%
85.00%
80.00%
75.00%
70.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
85.00%
80.00%
75.00%
70.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
80.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
20.00%

2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
6.38%
6.03%
5.67%
5.32%
4.96%
4.61%
4.25%
3.90%
3.54%
3.19%
2.84%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
6.03%
5.67%
5.32%
4.96%
4.61%
4.25%
3.90%
3.54%
3.19%
2.84%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
5.67%

7.1%
7.0%
7.0%
6.9% Rp
6.8%
6.7%
6.7%
7.7%
7.6%
7.5%
7.4%
7.4%
7.3%
7.2%
7.1%
7.1%
7.0%
6.9%
6.8%
6.8%
6.7%
6.6%
6.5%
6.5%
6.4%
6.3%
7.2%
7.2%
7.1%
7.0%
6.9%
6.9%
6.8%
6.7%
6.6%
6.6%
6.5%
6.4%
6.3%
6.3%
6.2%
6.1%
6.0%
6.0%
6.8%

5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
80.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%

75.00%
70.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
75.00%
70.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
70.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%

20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%

5.32%
4.96%
4.61%
4.25%
3.90%
3.54%
3.19%
2.84%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
5.32%
4.96%
4.61%
4.25%
3.90%
3.54%
3.19%
2.84%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
4.96%
4.61%
4.25%
3.90%
3.54%
3.19%
2.84%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%

6.7%
6.7%
6.6%
6.5%
6.4%
6.4%
6.3%
6.2%
6.1%
6.1%
6.0%
5.9%
5.8%
5.8%
5.7%
5.6%
6.4%
6.3%
6.2%
6.2%
6.1%
6.0%
5.9%
5.9%
5.8%
5.7%
5.6%
5.6%
5.5%
5.4%
5.3%
5.3%
6.0%
5.9%
5.8%
5.7%
5.7%
5.6%
5.5%
5.4%
5.4%
5.3%
5.2%
5.1%
5.1%

65.00%
70.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
0.00%
5.00%
10.00%
15.00%

5.00%
0.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
50.00%
45.00%
40.00%
35.00%

30.00%
30.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
50.00%
50.00%
50.00%
50.00%

0.35%
0.00%
4.61%
4.25%
3.90%
3.54%
3.19%
2.84%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
4.25%
3.90%
3.54%
3.19%
2.84%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
3.90%
3.54%
3.19%
2.84%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
3.54%
3.19%
2.84%
2.48%

5.0%
4.9%
5.5%
5.5%
5.4%
5.3%
5.2%
5.2%
5.1%
5.0%
4.9%
4.9%
4.8%
4.7%
4.6%
4.6%
5.1%
5.0%
5.0%
4.9%
4.8%
4.7%
4.7%
4.6%
4.5%
4.4%
4.4%
4.3%
4.2%
4.7%
4.6%
4.5%
4.5%
4.4%
4.3%
4.2%
4.2%
4.1%
4.0%
3.9%
3.9%
4.3%
4.2%
4.1%
4.0%

20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
0.00%
5.00%
10.00%
15.00%

30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
25.00%
20.00%
15.00%
10.00%

50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
55.00%
55.00%
55.00%
55.00%
55.00%
55.00%
55.00%
55.00%
55.00%
55.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
75.00%
75.00%
75.00%
75.00%

2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
3.19%
2.84%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
2.84%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
2.48%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
2.13%
1.77%
1.42%
1.06%
0.71%
0.35%
0.00%
1.77%
1.42%
1.06%
0.71%

4.0%
3.9%
3.8%
3.7%
3.7%
3.6%
3.5%
3.8%
3.8%
3.7%
3.6%
3.5%
3.5%
3.4%
3.3%
3.2%
3.2%
3.4%
3.3%
3.3%
3.2%
3.1%
3.0%
3.0%
2.9%
2.8%
3.0%
2.9%
2.8%
2.8%
2.7%
2.6%
2.5%
2.5%
2.6%
2.5%
2.4%
2.3%
2.3%
2.2%
2.1%
2.1%
2.1%
2.0%
1.9%

20.00%
25.00%
0.00%
5.00%
10.00%
15.00%
20.00%
0.00%
5.00%
10.00%
15.00%
0.00%
5.00%
10.00%
0.00%
5.00%
0.00%

5.00%
0.00%
20.00%
15.00%
10.00%
5.00%
0.00%
15.00%
10.00%
5.00%
0.00%
10.00%
5.00%
0.00%
5.00%
0.00%
0.00%

75.00%
75.00%
80.00%
80.00%
80.00%
80.00%
80.00%
85.00%
85.00%
85.00%
85.00%
90.00%
90.00%
90.00%
95.00%
95.00%
100.00%

0.35%
0.00%
1.42%
1.06%
0.71%
0.35%
0.00%
1.06%
0.71%
0.35%
0.00%
0.71%
0.35%
0.00%
0.35%
0.00%
0.00%

1.8%
1.8%
1.7%
1.6%
1.6%
1.5%
1.4%
1.3%
1.2%
1.1%
1.1%
0.8%
0.8%
0.7%
0.4%
0.4%
0.0%

Portafolio 3 Acciones
8.60%

Rentabilidad

8.40%

8.20%

8.00%

7.80%

7.60%

7.40%

7.20%

7.00%
0.00%

1.00%

2.00%

3.00%
4.00%
5.00%
Desviacin Standar

Stock A
Stock B
Stock C

Stock A
1.0000
0.0000
0.0000

Stock B
0.0000
1.0000
0.0000

Stock C
0.0000
0.0000
1.0000

[ ri ]

Xi

Stock A
Stock B

E [ ri ]
0.0700
0.0850

0.0000
0.0709

6.00%

7.00%

8.00%

Stock C

0.0000

0.0000

Wa
4.00
9.00
1
11.00
7.00
10.00
2.00
8.00
3.00
5.00
6.00
7.00

0.0640
0.0611
0.0598
0.0590
0.0579
0.0572
0.0560
0.0543
0.0528
0.0498
0.0470
0.0520

Desv.Stand A
Desv.Stand B
Rent A
Rent B
Peso A
0%
2.50%
5.00%
7.50%
10.00%
12.50%
15.00%
17.50%
20.00%
22.50%
25.00%
27.50%
30.00%
32.50%
35.00%
37.50%
40.00%
42.50%
45.00%
47.50%
50.00%
52.50%
55.00%
57.50%
60.00%

0.0069
0.0108
0.0125
0.0136
0.0151
0.0160
0.0173
0.0194
0.0216
0.0257
0.0296
0.0434

Wb

1.0000
0.7969
1.0000
0.6879
1.0000
0.6395
1.0000
0.6099
1.0000
0.5685
1.0000
0.5421
1.0000
0.5037
1.0000
0.4427
1.0000
0.3845
1.0000
0.2724
1.0000
0.1641
1.0000
0.0000
1.0786%
0.0000%
6.1088% Cov AB
7.0000%

PesoB
Desv Std
Rent
100.00%
0.0000%
97.50%
0.0270%
95.00%
0.0539%
92.50%
0.0809%
90.00%
0.1079%
87.50%
0.1348%
85.00%
0.1618%
82.50%
0.1888%
80.00%
0.2157%
77.50%
0.2427%
75.00%
0.2697%
72.50%
0.2966%
70.00%
0.3236%
67.50%
0.3506%
65.00%
0.3775%
62.50%
0.4045%
60.00%
0.4315%
57.50%
0.4584%
55.00%
0.4854%
52.50%
0.5124%
50.00%
0.5393%
47.50%
0.5663%
45.00%
0.5933%
42.50%
0.6202%
40.00%
0.6472%

7.00%
6.98%
6.96%
6.93%
6.91%
6.89%
6.87%
6.84%
6.82%
6.80%
6.78%
6.75%
6.73%
6.71%
6.69%
6.67%
6.64%
6.62%
6.60%
6.58%
6.55%
6.53%
6.51%
6.49%
6.47%

0.0969
0.1522
0.1766
0.1913
0.2128
0.2263
0.2445
0.2743
0.3044
0.3619
0.4177
0.6123

0.00%

62.50%
65.00%
67.50%
70.00%
72.50%
75.00%
77.50%
80.00%
82.50%
85.00%
87.50%
90.00%
92.50%
95.00%
97.50%
100.00%
102.50%
105.00%
107.50%
110.00%
112.50%
115.00%
117.50%
120.00%
122.50%
125.00%
127.50%
130.00%
132.50%
135.00%
137.50%
140.00%
142.50%
145.00%
147.50%
150.00%
152.50%
155.00%
157.50%
160.00%
162.50%
165.00%
167.50%
170.00%
172.50%

37.50%
35.00%
32.50%
30.00%
27.50%
25.00%
22.50%
20.00%
17.50%
15.00%
12.50%
10.00%
7.50%
5.00%
2.50%
0.00%
-2.50%
-5.00%
-7.50%
-10.00%
-12.50%
-15.00%
-17.50%
-20.00%
-22.50%
-25.00%
-27.50%
-30.00%
-32.50%
-35.00%
-37.50%
-40.00%
-42.50%
-45.00%
-47.50%
-50.00%
-52.50%
-55.00%
-57.50%
-60.00%
-62.50%
-65.00%
-67.50%
-70.00%
-72.50%

0.6742%
0.7011%
0.7281%
0.7550%
0.7820%
0.8090%
0.8359%
0.8629%
0.8899%
0.9168%
0.9438%
0.9708%
0.9977%
1.0247%
1.0517%
1.0786%
1.1056%
1.1326%
1.1595%
1.1865%
1.2135%
1.2404%
1.2674%
1.2944%
1.3213%
1.3483%
1.3753%
1.4022%
1.4292%
1.4562%
1.4831%
1.5101%
1.5371%
1.5640%
1.5910%
1.6180%
1.6449%
1.6719%
1.6989%
1.7258%
1.7528%
1.7798%
1.8067%
1.8337%
1.8607%

6.44%
6.42%
6.40%
6.38%
6.35%
6.33%
6.31%
6.29%
6.26%
6.24%
6.22%
6.20%
6.18%
6.15%
6.13%
6.11%
6.09%
6.06%
6.04%
6.02%
6.00%
5.98%
5.95%
5.93%
5.91%
5.89%
5.86%
5.84%
5.82%
5.80%
5.77%
5.75%
5.73%
5.71%
5.69%
5.66%
5.64%
5.62%
5.60%
5.57%
5.55%
5.53%
5.51%
5.48%
5.46%

175.00%
177.50%
180.00%
182.50%
185.00%
187.50%
190.00%
192.50%
195.00%
197.50%
200.00%

-75.00%
-77.50%
-80.00%
-82.50%
-85.00%
-87.50%
-90.00%
-92.50%
-95.00%
-97.50%
-100.00%

1.8876%
1.9146%
1.9416%
1.9685%
1.9955%
2.0225%
2.0494%
2.0764%
2.1033%
2.1303%
2.1573%

5.44%
5.42%
5.40%
5.37%
5.35%
5.33%
5.31%
5.28%
5.26%
5.24%
5.22%

00%

7.00%

8.00%

Wc
0.1062
0.1599
0.1839
0.1988
0.2188
0.2316
0.2518
0.2830
0.3111
0.3657
0.4182
0.3877

0.0032
0.0037
0.0040

0.0042
0.0045
0.0047
0.0050
0.0055
0.0060
0.0070
0.0080
0.0100

Desv.Stand A
Desv.Stand B
Desv.Stand C
Rent A
Rent B
Rent C
Corr AB
Corr AC
Corr BC
Peso A
0%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
80.00%
90.00%
100.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
80.00%
85.00%

12.00%
10.00%
8.00%
10.00%
8.00%
5.00%
10.00% Cov AB
8.00% Cov AC
6.00% Cov BC
PesoB
Peso C
Desv Std
Rent
100.00%
0.00%
10.00%
95.00%
0.00%
9.58%
90.00%
0.00%
9.20%
85.00%
0.00%
8.86%
80.00%
0.00%
8.58%
75.00%
0.00%
8.35%
70.00%
0.00%
8.19%
65.00%
0.00%
8.08%
60.00%
0.00%
8.05%
55.00%
0.00%
8.08%
50.00%
0.00%
8.19%
45.00%
0.00%
8.35%
40.00%
0.00%
8.58%
35.00%
0.00%
8.86%
30.00%
0.00%
9.20%
25.00%
0.00%
9.58%
20.00%
0.00%
10.00%
10.00%
0.00%
10.95%
0.00%
0.00%
12.00%
95.00%
5.00%
9.53%
90.00%
5.00%
9.11%
85.00%
5.00%
8.74%
80.00%
5.00%
8.41%
75.00%
5.00%
8.14%
70.00%
5.00%
7.93%
65.00%
5.00%
7.78%
60.00%
5.00%
7.71%
55.00%
5.00%
7.70%
50.00%
5.00%
7.77%
45.00%
5.00%
7.90%
40.00%
5.00%
8.10%
35.00%
5.00%
8.36%
30.00%
5.00%
8.68%
25.00%
5.00%
9.05%
20.00%
5.00%
9.46%
15.00%
5.00%
9.91%
10.00%
5.00%
10.39%

8.0%
8.1%
8.2%
8.3%
8.4%
8.5%
8.6%
8.7%
8.8%
8.9%
9.0%
9.1%
9.2%
9.3%
9.4%
9.5%
9.6%
9.8%
10.0%
7.9%
8.0%
8.1%
8.2%
8.3%
8.4%
8.5%
8.6%
8.7%
8.8%
8.9%
9.0%
9.1%
9.2%
9.3%
9.4%
9.5%
9.6%

0.12%
0.08%
0.05%

90.00%
95.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
80.00%
85.00%
90.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
80.00%
85.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%

5.00%
0.00%
90.00%
85.00%
80.00%
75.00%
70.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
85.00%
80.00%
75.00%
70.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
80.00%
75.00%
70.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%

5.00%
5.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
15.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%

10.90%
11.44%
9.08%
8.67%
8.30%
7.99%
7.73%
7.54%
7.41%
7.36%
7.39%
7.49%
7.65%
7.89%
8.19%
8.54%
8.93%
9.37%
9.85%
10.36%
10.89%
8.66%
8.25%
7.89%
7.59%
7.35%
7.17%
7.08%
7.06%
7.11%
7.25%
7.45%
7.72%
8.05%
8.44%
8.87%
9.33%
9.83%
10.37%
8.25%
7.85%
7.51%
7.22%
7.00%
6.85%
6.78%
6.79%
6.89%

9.7%
9.8%
7.7%
7.8%
7.9%
8.0%
8.1%
8.2%
8.3%
8.4%
8.5%
8.6%
8.7%
8.8%
8.9%
9.0%
9.1%
9.2%
9.3%
9.4%
9.5%
7.6%
7.7%
7.8%
7.9%
8.0%
8.1%
8.2%
8.3%
8.4%
8.5%
8.6%
8.7%
8.8%
8.9%
9.0%
9.1%
9.2%
9.3%
7.4%
7.5%
7.6%
7.7%
7.8%
7.9%
8.0%
8.1%
8.2%

45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
80.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
75.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%

35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
75.00%
70.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
70.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
65.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%

20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%
35.00%

7.06%
7.30%
7.61%
7.97%
8.38%
8.84%
9.33%
9.86%
7.88%
7.49%
7.15%
6.89%
6.69%
6.57%
6.53%
6.58%
6.71%
6.92%
7.20%
7.54%
7.93%
8.37%
8.86%
9.37%
7.53%
7.16%
6.84%
6.60%
6.43%
6.34%
6.34%
6.42%
6.59%
6.83%
7.14%
7.52%
7.94%
8.41%
8.92%
7.23%
6.87%
6.58%
6.35%
6.21%
6.16%
6.19%
6.32%
6.52%

8.3%
8.4%
8.5%
8.6%
8.7%
8.8%
8.9%
9.0%
7.3%
7.4%
7.5%
7.6%
7.7%
7.8%
7.9%
8.0%
8.1%
8.2%
8.3%
8.4%
8.5%
8.6%
8.7%
8.8%
7.1%
7.2%
7.3%
7.4%
7.5%
7.6%
7.7%
7.8%
7.9%
8.0%
8.1%
8.2%
8.3%
8.4%
8.5%
7.0%
7.1%
7.2%
7.3%
7.4%
7.5%
7.6%
7.7%
7.8%

45.00%
50.00%
55.00%
60.00%
65.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%

20.00%
15.00%
10.00%
5.00%
0.00%
60.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
55.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%

35.00%
35.00%
35.00%
35.00%
35.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
50.00%
55.00%
55.00%
55.00%
55.00%
55.00%
55.00%
55.00%
55.00%

6.80%
7.15%
7.55%
8.00%
8.50%
6.97%
6.63%
6.36%
6.16%
6.06%
6.04%
6.11%
6.27%
6.51%
6.83%
7.20%
7.63%
6.75%
6.44%
6.19%
6.03%
5.96%
5.98%
6.09%
6.29%
6.57%
6.91%
7.31%
7.77%
6.59%
6.30%
6.09%
5.97%
5.93%
5.99%
6.14%
6.37%
6.67%
7.05%
7.47%
6.48%
6.22%
6.05%
5.96%
5.96%
6.06%
6.24%
6.51%

7.9%
8.0%
8.1%
8.2%
8.3%
6.8%
6.9%
7.0%
7.1%
7.2%
7.3%
7.4%
7.5%
7.6%
7.7%
7.8%
7.9%
6.7%
6.8%
6.9%
7.0%
7.1%
7.2%
7.3%
7.4%
7.5%
7.6%
7.7%
7.8%
6.5%
6.6%
6.7%
6.8%
6.9%
7.0%
7.1%
7.2%
7.3%
7.4%
7.5%
6.4%
6.5%
6.6%
6.7%
6.8%
6.9%
7.0%
7.1%

40.00%
45.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
0.00%
5.00%
10.00%
15.00%
20.00%
0.00%
5.00%
10.00%
15.00%
0.00%
5.00%
10.00%
0.00%
5.00%
0.00%

5.00%
0.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
20.00%
15.00%
10.00%
5.00%
0.00%
15.00%
10.00%
5.00%
0.00%
10.00%
5.00%
0.00%
5.00%
0.00%
0.00%

55.00%
55.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
65.00%
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
70.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
80.00%
80.00%
80.00%
80.00%
80.00%
85.00%
85.00%
85.00%
85.00%
90.00%
90.00%
90.00%
95.00%
95.00%
100.00%

6.84%
7.23%
6.43%
6.21%
6.07%
6.02%
6.06%
6.19%
6.41%
6.70%
7.05%
6.44%
6.26%
6.16%
6.14%
6.22%
6.38%
6.63%
6.94%
6.51%
6.36%
6.30%
6.33%
6.44%
6.63%
6.90%
6.64%
6.53%
6.50%
6.56%
6.70%
6.92%
6.82%
6.75%
6.76%
6.85%
7.01%
7.05%
7.01%
7.05%
7.17%
7.33%
7.32%
7.39%
7.65%
7.67%
8.00%

7.2%
7.3%
6.2%
6.3%
6.4%
6.5%
6.6%
6.7%
6.8%
6.9%
7.0%
6.1%
6.2%
6.3%
6.4%
6.5%
6.6%
6.7%
6.8%
5.9%
6.0%
6.1%
6.2%
6.3%
6.4%
6.5%
5.8%
5.9%
6.0%
6.1%
6.2%
6.3%
5.6%
5.7%
5.8%
5.9%
6.0%
5.5%
5.6%
5.7%
5.8%
5.3%
5.4%
5.5%
5.2%
5.3%
5.0%

0.00%
12.00%

10.00%

Rentabilidad

Desv.Stand P
9.20%
Desv.Stand Rf
0%
Rent P
9.40% Cov AB
Rent Rf
6%
Corr AB
0%
Peso P
Peso Rf
Desv Std
Rent
0%
100.00%
0.0000%
6.00%
1.00%
99.00%
0.0920%
6.03%
2.00%
98.00%
0.1840%
6.07%
3.00%
97.00%
0.2759%
6.10%
4.00%
96.00%
0.3679%
6.14%
5.00%
95.00%
0.4599%
6.17%
6.00%
94.00%
0.5519%
6.20%
7.00%
93.00%
0.6438%
6.24%
8.00%
92.00%
0.7358%
6.27%
9.00%
91.00%
0.8278%
6.31%
10.00%
90.00%
0.9198%
6.34%
11.00%
89.00%
1.0118%
6.37%
12.00%
88.00%
1.1037%
6.41%
13.00%
87.00%
1.1957%
6.44%
14.00%
86.00%
1.2877%
6.48%
15.00%
85.00%
1.3797%
6.51%
16.00%
84.00%
1.4717%
6.54%
17.00%
83.00%
1.5636%
6.58%
18.00%
82.00%
1.6556%
6.61%
19.00%
81.00%
1.7476%
6.65%
20.00%
80.00%
1.8396%
6.68%
21.00%
79.00%
1.9315%
6.71%
22.00%
78.00%
2.0235%
6.75%
23.00%
77.00%
2.1155%
6.78%
24.00%
76.00%
2.2075%
6.82%
25.00%
75.00%
2.2995%
6.85%
26.00%
74.00%
2.3914%
6.88%
27.00%
73.00%
2.4834%
6.92%
28.00%
72.00%
2.5754%
6.95%
29.00%
71.00%
2.6674%
6.99%
30.00%
70.00%
2.7593%
7.02%
31.00%
69.00%
2.8513%
7.05%
32.00%
68.00%
2.9433%
7.09%
33.00%
67.00%
3.0353%
7.12%
34.00%
66.00%
3.1273%
7.16%
35.00%
65.00%
3.2192%
7.19%
36.00%
64.00%
3.3112%
7.22%
37.00%
63.00%
3.4032%
7.26%
38.00%
62.00%
3.4952%
7.29%
39.00%
61.00%
3.5872%
7.33%
40.00%
60.00%
3.6791%
7.36%
41.00%
59.00%
3.7711%
7.39%

8.00%

6.00%

4.00%

2.00%

0.00%
0.00%

42.00%
43.00%
44.00%
45.00%
46.00%
47.00%
48.00%
49.00%
50.00%
51.00%
52.00%
53.00%
54.00%
55.00%
56.00%
57.00%
58.00%
59.00%
60.00%
61.00%
62.00%
63.00%
64.00%
65.00%
66.00%
67.00%
68.00%
69.00%
70.00%
71.00%
72.00%
73.00%
74.00%
75.00%
76.00%
77.00%
78.00%
79.00%
80.00%
81.00%
82.00%
83.00%
84.00%
85.00%
86.00%
87.00%
88.00%
89.00%

58.00%
57.00%
56.00%
55.00%
54.00%
53.00%
52.00%
51.00%
50.00%
49.00%
48.00%
47.00%
46.00%
45.00%
44.00%
43.00%
42.00%
41.00%
40.00%
39.00%
38.00%
37.00%
36.00%
35.00%
34.00%
33.00%
32.00%
31.00%
30.00%
29.00%
28.00%
27.00%
26.00%
25.00%
24.00%
23.00%
22.00%
21.00%
20.00%
19.00%
18.00%
17.00%
16.00%
15.00%
14.00%
13.00%
12.00%
11.00%

3.8631%
3.9551%
4.0470%
4.1390%
4.2310%
4.3230%
4.4150%
4.5069%
4.5989%
4.6909%
4.7829%
4.8748%
4.9668%
5.0588%
5.1508%
5.2428%
5.3347%
5.4267%
5.5187%
5.6107%
5.7027%
5.7946%
5.8866%
5.9786%
6.0706%
6.1625%
6.2545%
6.3465%
6.4385%
6.5305%
6.6224%
6.7144%
6.8064%
6.8984%
6.9903%
7.0823%
7.1743%
7.2663%
7.3583%
7.4502%
7.5422%
7.6342%
7.7262%
7.8182%
7.9101%
8.0021%
8.0941%
8.1861%

7.43%
7.46%
7.50%
7.53%
7.56%
7.60%
7.63%
7.67%
7.70%
7.73%
7.77%
7.80%
7.84%
7.87%
7.90%
7.94%
7.97%
8.01%
8.04%
8.07%
8.11%
8.14%
8.18%
8.21%
8.24%
8.28%
8.31%
8.35%
8.38%
8.41%
8.45%
8.48%
8.52%
8.55%
8.58%
8.62%
8.65%
8.69%
8.72%
8.75%
8.79%
8.82%
8.86%
8.89%
8.92%
8.96%
8.99%
9.03%

90.00%
91.00%
92.00%
93.00%
94.00%
95.00%
96.00%
97.00%
98.00%
99.00%
100.00%
101.00%
102.00%
103.00%
104.00%
105.00%
106.00%
107.00%
108.00%
109.00%
110.00%
111.00%
112.00%
113.00%
114.00%
115.00%
116.00%
117.00%
118.00%
119.00%
120.00%
121.00%
122.00%
123.00%
124.00%
125.00%
126.00%
127.00%
128.00%
129.00%
130.00%
131.00%
132.00%
133.00%
134.00%
135.00%
136.00%
137.00%

10.00%
9.00%
8.00%
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
-1.00%
-2.00%
-3.00%
-4.00%
-5.00%
-6.00%
-7.00%
-8.00%
-9.00%
-10.00%
-11.00%
-12.00%
-13.00%
-14.00%
-15.00%
-16.00%
-17.00%
-18.00%
-19.00%
-20.00%
-21.00%
-22.00%
-23.00%
-24.00%
-25.00%
-26.00%
-27.00%
-28.00%
-29.00%
-30.00%
-31.00%
-32.00%
-33.00%
-34.00%
-35.00%
-36.00%
-37.00%

8.2780%
8.3700%
8.4620%
8.5540%
8.6460%
8.7379%
8.8299%
8.9219%
9.0139%
9.1058%
9.1978%
9.2898%
9.3818%
9.4738%
9.5657%
9.6577%
9.7497%
9.8417%
9.9337%
10.0256%
10.1176%
10.2096%
10.3016%
10.3935%
10.4855%
10.5775%
10.6695%
10.7615%
10.8534%
10.9454%
11.0374%
11.1294%
11.2213%
11.3133%
11.4053%
11.4973%
11.5893%
11.6812%
11.7732%
11.8652%
11.9572%
12.0492%
12.1411%
12.2331%
12.3251%
12.4171%
12.5090%
12.6010%

9.06%
9.09%
9.13%
9.16%
9.20%
9.23%
9.26%
9.30%
9.33%
9.37%
9.40%
9.43%
9.47%
9.50%
9.54%
9.57%
9.60%
9.64%
9.67%
9.71%
9.74%
9.77%
9.81%
9.84%
9.88%
9.91%
9.94%
9.98%
10.01%
10.05%
10.08%
10.11%
10.15%
10.18%
10.22%
10.25%
10.28%
10.32%
10.35%
10.39%
10.42%
10.45%
10.49%
10.52%
10.56%
10.59%
10.62%
10.66%

138.00%
139.00%
140.00%
141.00%
142.00%
143.00%
144.00%
145.00%
146.00%
147.00%
148.00%
149.00%
150.00%

-38.00%
-39.00%
-40.00%
-41.00%
-42.00%
-43.00%
-44.00%
-45.00%
-46.00%
-47.00%
-48.00%
-49.00%
-50.00%

12.6930%
12.7850%
12.8770%
12.9689%
13.0609%
13.1529%
13.2449%
13.3368%
13.4288%
13.5208%
13.6128%
13.7048%
13.7967%

10.69%
10.73%
10.76%
10.79%
10.83%
10.86%
10.90%
10.93%
10.96%
11.00%
11.03%
11.07%
11.10%

12.00%

Rentabilidad

10.00%

8.00%

6.00%

4.00%

2.00%

0.00%
0.00%

2.00%

4.00%

6.00%

8.00%
Desviacin Standar

10.00%

12.00%

Rent
LMC

10.00%

12.00%

14.00%

16.00%