BETA: MEDICION DE LA SENSIBI

KO
SP
PRECIA AL
PRECIO AL
CIERRER
CIERRE
COCA COLA KO
SPDR S&P 500
Date
Adj Close
RETORNO
Adj Close
RETORNO
2/29/2016 1978.34998
198.110001
2/22/2016 1948.05005 0.01555398 195.089996 0.01548006
2/16/2016 1917.78003 0.01578389
192 0.01609373
2/8/2016 1864.78003 0.02842158 186.630005 0.02877348
2/1/2016 1880.05005 -0.00812213 187.949997 -0.0070231
1/25/2016 1940.23999 -0.03102191 193.720001 -0.02978528
1/19/2016 1906.90002 0.01748386 190.520004 0.01679612
1/11/2016 1880.32996 0.01413053 187.809998 0.01442951
1/4/2016 1922.03003 -0.02169585 191.919998 -0.02141517
12/28/2015 2043.93994 -0.05964457 203.869995 -0.05861577
12/21/2015 2060.98999 -0.00827275 205.679993 -0.00880007
12/14/2015 2005.55005 0.02764326 200.020004 0.02829711
12/7/2015
2012.37 -0.00338901 200.685638 -0.0033168
11/30/2015 2091.68994 -0.03792146 208.379837 -0.03692391
11/23/2015 2090.11011 0.00075586 208.32019 0.00028632
11/16/2015 2089.16992 0.00045003 208.071671 0.00119439
11/9/2015 2023.04004 0.03268837 201.341721 0.03342551
11/2/2015 2099.19995 -0.03628045 208.797348 -0.03570748
10/26/2015 2079.36011 0.00954132 206.699829 0.01014766
10/19/2015 2075.1499 0.00202887 206.282318 0.00202398
10/12/2015 2033.10999 0.02067764 202.067413 0.02085891
10/5/2015 2014.89002 0.00904266 200.138885 0.00963595
9/28/2015 1951.35999 0.0325568 193.846329 0.03246157
9/21/2015 1931.33997 0.01036587 191.728928 0.01104372
9/14/2015 1958.03003 -0.01363108 194.293671 -0.01320034
9/8/2015 1961.05005
-0.00154 194.564529 -0.00139212
8/31/2015 1921.21997 0.02073166 190.460403 0.02154845
8/24/2015
1988.87 -0.0340143 197.076431 -0.03357087
8/17/2015 1970.89002 0.00912277 195.642471 0.00732949
8/10/2015 2091.54004 -0.05768478 207.104309 -0.05534331
8/3/2015 2077.57007 0.00672419 205.650558 0.00706904
7/27/2015 2103.84009 -0.0124867 208.172379 -0.0121141
7/20/2015 2079.6499 0.01163185 205.700012 0.01201928
7/13/2015 2126.63989 -0.02209589 210.12059 -0.02103829
7/6/2015 2076.62012 0.02408711 205.18576 0.02405055
6/29/2015 2076.78003
-0.000077 205.027542 0.00077169
6/22/2015 2101.48999 -0.01175831 207.499893 -0.01191495
6/15/2015 2109.98999 -0.00402846 208.478943 -0.00469616
6/8/2015 2094.11011 0.00758312 206.682434 0.00869212

0.

f(x) = 1.0044121086x -0.

0

0.

0.
-0.08

-0.06

-0.04

-0.02
-0.

-0.

-0.

-0.

Ch
12
10
8
6
4
2
0
0.8

1.2

1.4

8
6

6/1/2015
5/26/2015
5/18/2015
5/11/2015
5/4/2015
4/27/2015
4/20/2015
4/13/2015
4/6/2015
3/30/2015
3/23/2015
3/16/2015
3/9/2015
3/2/2015
2/23/2015
2/17/2015
2/9/2015
2/2/2015
1/26/2015
1/20/2015
1/12/2015
1/5/2015
12/29/2014
12/22/2014
12/15/2014
12/8/2014
12/1/2014
11/24/2014
11/17/2014
11/10/2014
11/3/2014
10/27/2014
10/20/2014
10/13/2014
10/6/2014
9/29/2014
9/22/2014
9/15/2014
9/8/2014
9/2/2014
8/25/2014
8/18/2014
8/11/2014
8/4/2014
7/28/2014

2092.83008
2107.38989
2126.06006
2122.72998
2116.1001
2108.29004
2117.68994
2081.17993
2102.06006
2066.95996
2061.02002
2108.1001
2053.3999
2071.26001
2104.5
2110.30005
2096.98999
2055.46997
1994.98999
2051.82007
2019.42004
2044.81006
2058.19995
2088.77002
2070.6499
2002.32996
2075.37012
2067.56006
2063.5
2039.81995
2031.92004
2018.05005
1964.57996
1886.76001
1906.13001
1967.90002
1982.84998
2010.40002
1985.54004
2007.70996
2003.37
1988.40002
1955.06006
1931.58997
1925.15002

0.00061163
-0.00690893
-0.00878158
0.00156877
0.00313307
0.00370445
-0.00443875
0.01754294
-0.00993317
0.01698151
0.00288204
-0.02233294
0.02663884
-0.00862282
-0.01579472
-0.00274845
0.00634722
0.02019977
0.03031593
-0.0276974
0.01604422
-0.01241681
-0.00650563
-0.01463544
0.00875093
0.03412022
-0.0351938
0.00377743
0.00196756
0.01160889
0.0038879
0.00687297
0.02721706
0.04124528
-0.01016195
-0.0313888
-0.00753963
-0.01370376
0.01252052
-0.01104239
0.00216633
0.00752865
0.01705317
0.01215066
0.00334516

206.446243
207.79454
209.615234
209.073944
208.266922
207.381195
208.296448
204.655075
206.71196
203.169006
202.480103
207.076111
201.668472
203.304718
206.400833
206.969101
205.53862
201.394135
195.417465
200.825867
197.553406
200.120422
201.27655
204.225708
202.344528
195.747986
202.675995
201.896469
201.389771
199.012238
198.135269
196.498276
191.40213
183.645889
185.662888
191.489838
192.834503
195.562836
193.130264
195.050598
194.662659
193.188446
189.822998
187.417725
186.700012

0.00114408
-0.00648861
-0.00868589
0.00258899
0.00387494
0.00427101
-0.00439399
0.01779273
-0.00995049
0.01743846
0.00340232
-0.02219478
0.0268145
-0.00804824
-0.0150005
-0.00274567
0.00695967
0.02057898
0.03058411
-0.0269308
0.01656494
-0.01282736
-0.00574398
-0.01444068
0.00929692
0.03369916
-0.03418268
0.00386102
0.00251601
0.01194667
0.00442611
0.00833083
0.02662534
0.04223477
-0.01086377
-0.03042955
-0.00697316
-0.01395118
0.0125955
-0.00984531
0.00199288
0.00763096
0.0177294
0.01283375
0.0038442

4
2
0
0.8

1.2

1.4

7/21/2014
7/14/2014
7/7/2014
6/30/2014
6/23/2014
6/16/2014
6/9/2014
6/2/2014
5/27/2014
5/19/2014
5/12/2014
5/5/2014
4/28/2014
4/21/2014
4/14/2014
4/7/2014
3/31/2014
3/24/2014
3/17/2014
3/10/2014
3/3/2014
2/24/2014
2/18/2014
2/10/2014
2/3/2014
1/27/2014
1/21/2014
1/13/2014
1/6/2014
12/30/2013
12/23/2013
12/16/2013
12/9/2013
12/2/2013
11/25/2013
11/18/2013
11/11/2013
11/4/2013
10/28/2013
10/21/2013
10/14/2013
10/7/2013
9/30/2013
9/23/2013
9/16/2013

1978.33997
1978.21997
1967.56995
1985.43994
1960.95996
1962.87
1936.16003
1949.43994
1923.56995
1900.53003
1877.85999
1878.47998
1881.14002
1863.40002
1864.84998
1815.68994
1865.08997
1857.62
1866.52002
1841.13001
1878.04004
1859.44995
1836.25
1838.63001
1797.02002
1782.58997
1790.29004
1838.69995
1842.37
1831.37
1841.40002
1818.31995
1775.31995
1805.08997
1805.81006
1804.76001
1798.18005
1770.60999
1761.64002
1759.77002
1744.5
1703.19995
1690.5
1691.75
1709.91003

-0.02688615
6.0658E-005
0.00541278
-0.00900052
0.01248367
-0.00097308
0.01379533
-0.00681217
0.01344895
0.01212289
0.01207228
-0.00033005
-0.00141405
0.00952023
-0.00077752
0.02707513
-0.02648667
0.00402126
-0.00476825
0.01379045
-0.01965349
0.00999763
0.01263442
-0.00129444
0.02315499
0.00809499
-0.00430102
-0.02632834
-0.00199202
0.00600643
-0.00544696
0.01269308
0.02422099
-0.01649226
-0.00039876
0.00058182
0.00365923
0.01557094
0.00509183
0.00106264
0.00875324
0.0242485
0.00751254
-0.00073888
-0.01062046

191.762741
191.753052
190.686188
192.228271
189.919998
190.036377
187.383011
188.589569
185.983383
183.734375
181.514313
181.427444
181.523956
179.815475
179.912003
175.201599
179.921646
179.043289
179.728607
177.458923
180.918518
179.025345
176.718948
176.843872
172.673111
171.231598
171.913925
176.478683
176.959198
175.757935
176.680511
174.479797
170.240097
172.945053
173.002396
172.820786
172.094376
169.456329
168.424057
168.175537
166.684464
162.736954
161.42749
161.446609
163.176636

-0.026401
5.0529E-005
0.00559487
-0.00802214
0.01215392
-0.0006124
0.01416012
-0.0063978
0.014013
0.01224054
0.01223078
0.00047881
-0.00053168
0.0095013
-0.00053653
0.02688562
-0.0262339
0.00490584
-0.00381307
0.01278991
-0.01912239
0.01057489
0.01305122
-0.00070641
0.02415408
0.0084185
-0.003969
-0.02586578
-0.0027154
0.00683476
-0.00522172
0.012613
0.02490424
-0.01564055
-0.00033146
0.00105086
0.004221
0.01556771
0.00612901
0.00147774
0.00894548
0.024257
0.00811178
-0.00011842
-0.01060217

9/9/2013
9/3/2013
8/26/2013
8/19/2013
8/12/2013
8/5/2013
7/29/2013
7/22/2013
7/15/2013
7/8/2013
7/1/2013
6/24/2013
6/17/2013
6/10/2013
6/3/2013
5/28/2013
5/20/2013
5/13/2013
5/6/2013
4/29/2013
4/22/2013
4/15/2013
4/8/2013
4/1/2013
3/25/2013
3/18/2013
3/11/2013
3/4/2013
2/25/2013
2/19/2013
2/11/2013
2/4/2013
1/28/2013
1/22/2013
1/14/2013
1/7/2013
12/31/2012
12/24/2012
12/17/2012
12/10/2012
12/3/2012
11/26/2012
11/19/2012
11/12/2012
11/5/2012

1687.98999
1655.17004
1632.96997
1663.5
1655.82996
1691.42004
1709.67004
1691.65002
1692.08997
1680.18994
1631.89002
1606.28003
1592.43005
1626.72998
1643.38001
1630.73999
1649.59998
1667.46997
1633.69995
1614.42004
1582.23999
1555.25
1588.84998
1553.28003
1569.18994
1556.89002
1560.69995
1551.18005
1518.19995
1515.59998
1519.79004
1517.93005
1513.17004
1502.95996
1485.97998
1472.05005
1466.46997
1402.43005
1430.15002
1413.57996
1418.06995
1416.18005
1409.15002
1359.88001
1379.84998

0.01298589
0.01982875
0.01359491
-0.01835289
0.00463214
-0.02104154
-0.01067457
0.01065233
-0.00026
0.00708255
0.02959754
0.01594366
0.00869738
-0.0210852
-0.01013157
0.00775109
-0.01143307
-0.01071683
0.02067088
0.01194231
0.02033829
0.01735412
-0.02114736
0.02289989
-0.01013893
0.00790032
-0.00244117
0.0061372
0.02172316
0.00171548
-0.002757
0.00122534
0.00314572
0.00679332
0.01142679
0.00946295
0.00380511
0.04566354
-0.01938256
0.01172206
-0.00316627
0.0013345
0.00498884
0.03623115
-0.01447257

161.062973
157.933594
155.660278
158.485275
157.733856
161.043945
162.603882
160.853714
160.910782
159.331818
155.06105
152.587982
151.303894
154.396255
155.929077
154.651733
156.411606
157.953873
154.613892
152.683701
149.722183
147.110748
150.252045
146.807983
148.236694
147.224289
147.44191
146.421661
143.284866
143.077621
143.284866
142.992844
142.465347
141.532776
139.724167
138.537277
137.877884
131.905716
134.505585
132.912964
133.202911
132.959717
132.211456
127.553406
129.227692

0.01312321
0.01981452
0.01460434
-0.01782498
0.00476384
-0.02055395
-0.00959348
0.01088049
-0.00035466
0.00990991
0.02754249
0.01620749
0.00848681
-0.02002873
-0.00983025
0.00825949
-0.01125155
-0.00976403
0.02160208
0.01264176
0.01978009
0.01775149
-0.02090685
0.02345964
-0.00963804
0.00687662
-0.00147598
0.00696788
0.02189202
0.00144848
-0.00144638
0.00204221
0.00370263
0.00658908
0.01294414
0.0085673
0.00478244
0.04527604
-0.01932908
0.01198244
-0.00217673
0.00182908
0.00565958
0.03651843
-0.01295609

10/31/2012
10/22/2012
10/15/2012
10/8/2012
10/1/2012
9/24/2012
9/17/2012
9/10/2012
9/4/2012
8/27/2012
8/20/2012
8/13/2012
8/6/2012
7/30/2012
7/23/2012
7/16/2012
7/9/2012
7/2/2012
6/25/2012
6/18/2012
6/11/2012
6/4/2012
5/29/2012
5/21/2012
5/14/2012
5/7/2012
4/30/2012
4/23/2012
4/16/2012
4/9/2012
4/2/2012
3/26/2012
3/19/2012
3/12/2012
3/5/2012
2/27/2012
2/21/2012
2/13/2012
2/6/2012
1/30/2012
1/23/2012
1/17/2012
1/9/2012
1/3/2012
12/27/2011

1414.19995
1411.93994
1433.18994
1428.58997
1460.93005
1440.67004
1460.15002
1465.77002
1437.92004
1406.57996
1411.13001
1418.16003
1405.87
1390.98999
1385.96997
1362.66003
1356.78003
1354.68005
1362.16003
1335.02002
1342.83997
1325.66003
1278.04004
1317.81995
1295.21997
1353.39002
1369.09998
1403.35999
1378.53003
1370.26001
1398.07996
1408.46997
1397.10999
1404.17004
1370.87
1369.63001
1365.73999
1361.22998
1342.64002
1344.90002
1316.32996
1315.38001
1289.08997
1277.81006
1257.59998

-0.02428933
0.00160064
-0.01482706
0.00321994
-0.02213664
0.01406291
-0.01334108
-0.00383416
0.01936824
0.02228106
-0.0032244
-0.00495715
0.00874195
0.01069742
0.00362203
0.0171062
0.00433379
0.00155016
-0.00549126
0.02032929
-0.00582344
0.01295953
0.03726017
-0.03018615
0.01744875
-0.04298099
-0.01147466
-0.02441284
0.01801191
0.00603536
-0.01989868
-0.00737681
0.00813106
-0.00502792
0.02429118
0.00090535
0.00284828
0.00331319
0.01384583
-0.00168043
0.02170434
0.00072219
0.02039426
0.00882753
0.01607036

132.407867
132.211456
134.119553
133.651886
136.691757
134.662064
136.439209
136.98938
134.281967
131.332657
131.658279
132.281647
131.034927
129.648666
129.025299
126.96917
126.299294
126.057396
126.624931
124.168724
124.801376
123.19545
118.623055
122.269867
120.085487
125.518669
126.805229
129.942963
127.684532
126.934814
129.387604
130.331711
129.258026
129.859665
126.777237
126.537621
126.187431
125.708237
123.819061
123.984932
121.47834
121.598129
118.732117
117.690773
115.654152

-0.02401802
0.00148558
-0.01422684
0.00349914
-0.02223888
0.01507249
-0.01302518
-0.00401616
0.02016215
0.02245679
-0.00247324
-0.00471243
0.00951441
0.01069244
0.00483135
0.01619392
0.00530388
0.00191895
-0.00448202
0.01978121
-0.00506927
0.0130356
0.03854558
-0.02982593
0.01819021
-0.04328585
-0.01014595
-0.02414701
0.01768758
0.00590632
-0.01895692
-0.00724388
0.00830652
-0.00463299
0.02431373
0.00189363
0.00277516
0.00381195
0.01525755
-0.00133783
0.02063407
-0.00098512
0.02413847
0.00884814
0.01760958

12/19/2011
12/12/2011
12/5/2011
11/28/2011
11/21/2011
11/14/2011
11/7/2011
10/31/2011
10/24/2011
10/17/2011
10/10/2011
10/3/2011
9/26/2011
9/19/2011
9/12/2011
9/6/2011
8/29/2011
8/22/2011
8/15/2011
8/8/2011
8/1/2011
7/25/2011
7/18/2011
7/11/2011
7/5/2011
6/27/2011
6/20/2011
6/13/2011
6/6/2011
5/31/2011
5/23/2011
5/16/2011
5/9/2011
5/2/2011
4/25/2011
4/18/2011
4/11/2011
4/4/2011
3/28/2011
3/21/2011
3/14/2011
3/7/2011
3/1/2011

1265.32996
1219.66003
1255.18994
1244.28003
1158.67004
1215.65002
1263.84998
1253.22998
1285.08997
1238.25
1224.57996
1155.45996
1131.42004
1136.43005
1216.01001
1154.22998
1173.96997
1176.80005
1123.53003
1178.81006
1199.38001
1292.28003
1345.02002
1316.14002
1343.80005
1339.67004
1268.44995
1271.5
1270.97998
1300.16003
1331.09998
1333.27002
1337.77002
1340.19995
1363.60999
1337.38001
1319.68005
1328.17004
1332.41003
1313.80005
1279.20996
1304.28003
1321.15002

-0.00610906
0.0374448
-0.0283064
0.00876805
0.07388642
-0.04687203
-0.0381374
0.0084741
-0.02479203
0.03782755
0.01116305
0.05982033
0.02124756
-0.00440855
-0.0654435
0.05352489
-0.01681473
-0.00240489
0.04741308
-0.04689477
-0.01715048
-0.07188846
-0.03921131
0.02194296
-0.02058344
0.00308285
0.05614734
-0.00239878
0.00040915
-0.02244343
-0.02324389
-0.00162761
-0.00336381
-0.00181311
-0.01716769
0.01961296
0.0134123
-0.00639225
-0.0031822
0.01416501
0.0270402
-0.01922138
-0.01276917

116.474335
112.050903
115.42894
114.339211
106.537109
111.701881
115.987541
114.906967
117.764076
113.5242
112.242165
105.96019
103.615906
103.973038
111.28064
105.606133
107.36441
107.47374
102.617966
107.610397
109.396004
117.822998
122.605881
119.973015
122.441887
122.004601
115.527206
115.745857
115.673439
118.229858
121.031044
121.121696
121.511505
121.656548
123.678116
121.27581
119.698441
120.441803
120.704689
119.027611
115.818489
118.097565
119.568825

-0.00704175
0.03947699
-0.02926508
0.00953067
0.07323366
-0.04623711
-0.03694931
0.0094039
-0.0242613
0.03734777
0.01142204
0.05928618
0.02262475
-0.00343485
-0.06566822
0.05373274
-0.01637672
-0.00101727
0.04731895
-0.04639357
-0.01632242
-0.07152249
-0.03901022
0.02194548
-0.02016362
0.00358418
0.05606814
-0.00188906
0.00062606
-0.02162245
-0.02314436
-0.00074844
-0.003208
-0.00119223
-0.0163454
0.01980862
0.01317786
-0.00617196
-0.00217793
0.01408982
0.0277082
-0.01929825
-0.01230471

TA: MEDICION DE LA SENSIBILIDAD DE UNA ACCION ANTE LAS FLUCTUACIONES DEL MERCADO

COVARIANZA
VARIANZA

FOMULA
FORMULA

0.00040653 COVARIANCIA(EMPRESA MERCADO)

0.00040474 VARP(MERCADO)

BETA
BETA

1.00441 COVARIANZA/VARIANZA
1.00441 PENDIENTE(EJE "Y" EL EJE "X")
EJE Y= EMPRESA
EJE X = MERCADO

0.1
0.08
f(x) = 1.0044121086x -0.06
0.0003956777
0.04
0.02

Column C
Linear (Column C)

0
-0.08

-0.06

-0.04

-0.02
0
-0.02

0.02

0.04

0.06

0.08

0.1

-0.04
-0.06
-0.08

GRAFICO DE DISPERSION
QUE ME INDIQUE LA LINEA DE TENDENCIA
Y QUE ME PRESENTE LA ECUACION EN EL GRAFICO

Chart Title
12
10
8

EJE X = MERCADO

6
4
2
0
0.8

1.2

1.4

1.6

1.8

EJE X = MERCADO

6
4
2
0
0.8

1.2

1.4

1.6

1.8

NES DEL MERCADO

PRESA MERCADO)

Y" EL EJE "X")

umn C

ear (Column C)