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Series del boletn mensual - Banco Central de Chile

Tasa de inters mercado secundario de los bonos licitados por


Periodo el BCCh (BCP) a 5 aos ()
Serie original
Sep.2002 5.85
Oct.2002 6.36
Nov.2002 5.98
Dec.2002 5.63
Jan.2003 5.80
Feb.2003 5.78
Mar.2003 5.84
Apr.2003 5.67
May.2003 5.75
Jun.2003 5.79
Jul.2003 5.98
Aug.2003 6.08
Sep.2003 6.25
Oct.2003 5.88
Nov.2003 4.98
Dec.2003 4.60
Jan.2004 4.28
Feb.2004 4.24
Mar.2004 4.13
Apr.2004 4.31
May.2004 4.68
Jun.2004 4.38
Jul.2004 4.65
Aug.2004 4.88
Sep.2004 4.97
Oct.2004 5.48
Nov.2004 5.10
Dec.2004 4.86
Jan.2005 4.89
Feb.2005 4.91
Mar.2005 5.14
Apr.2005 5.39
May.2005 5.31
Jun.2005 5.14
Jul.2005 5.33
Aug.2005 5.42
Sep.2005 5.52
Oct.2005 6.04
Nov.2005 6.23
Dec.2005 6.04
Jan.2006 6.04
Feb.2006 6.02
Mar.2006 6.00
Apr.2006 6.04
May.2006 6.11
Jun.2006 6.24
Jul.2006 6.35
Aug.2006 6.17
Sep.2006 5.96
Oct.2006 5.75
Nov.2006 5.57
Dec.2006 5.56
Jan.2007 5.37
Feb.2007 5.34
Mar.2007 5.30
Apr.2007 5.34
May.2007 5.74
Jun.2007 6.07
Jul.2007 6.24
Aug.2007 6.33
Sep.2007 6.27
Oct.2007 6.26
Nov.2007 6.17
Dec.2007 6.30
Jan.2008 6.51
Feb.2008 6.35
Mar.2008 6.53
Apr.2008 6.52
May.2008 6.96
Jun.2008 7.56
Jul.2008 7.80
Aug.2008 8.04
Sep.2008 7.77
Oct.2008 6.84
Nov.2008 6.59
Dec.2008 6.10
Jan.2009 5.51
Feb.2009 4.35
Mar.2009 4.08
Apr.2009 4.45
May.2009 4.48
Jun.2009 4.83
Jul.2009 4.64
Aug.2009 4.39
Sep.2009 4.91
Oct.2009 5.17
Nov.2009 5.39
Dec.2009 5.36
Jan.2010 5.32
Feb.2010 5.39
Mar.2010 5.46
Apr.2010 5.66
May.2010 5.61
Jun.2010 5.66
Jul.2010 5.70
Aug.2010 5.67
Sep.2010 5.60
Oct.2010 5.73
Nov.2010 5.77
Dec.2010 5.77
Jan.2011 6.17
Feb.2011 6.60
Mar.2011 6.46
Apr.2011 6.35
May.2011 6.22
Jun.2011 6.19
Jul.2011 6.10
Aug.2011 5.49
Sep.2011 4.93
Oct.2011 4.83
Nov.2011 5.21
Dec.2011 5.04
Jan.2012 4.93
Feb.2012 5.14
Mar.2012 5.61
Apr.2012 5.71
May.2012 5.43
Jun.2012 5.23
Jul.2012 5.15
Aug.2012 5.29
Sep.2012 5.33
Oct.2012 5.37
Nov.2012 5.45
Dec.2012 5.51
Jan.2013 5.61
Feb.2013 5.64
Mar.2013 5.56
Apr.2013 5.28
May.2013 5.14
Jun.2013 5.20
Jul.2013 5.18
Aug.2013 5.14
Sep.2013 5.16
Oct.2013 4.96
Nov.2013 4.64
Dec.2013 4.85
Jan.2014 4.75
Feb.2014 4.83
Mar.2014 4.86
Apr.2014 4.72
May.2014 4.73
Jun.2014 4.55
Jul.2014 4.29
Aug.2014 3.99
Sep.2014 4.28
Oct.2014 4.20
Nov.2014 4.05
Dec.2014 3.91
Jan.2015 3.77
Feb.2015 3.88
Mar.2015 4.08
Apr.2015 4.22
May.2015 4.24
Jun.2015 4.21
Jul.2015 4.05
Aug.2015 4.06
Sep.2015 4.20
Oct.2015 4.18
5.35

5.06
on which companies are included in each industry

Average
Number of Unlevered Average
Industry firms Beta Levered Beta
Advertising 52 0.83 1.18
Aerospace/Defense 93 1.06 1.16
Air Transport 22 0.61 0.98
Apparel 64 0.86 0.99
Auto & Truck 22 0.59 1.09
Auto Parts 75 1.14 1.35
Bank (Money Center) 13 0.34 0.81
Banks (Regional) 676 0.37 0.53
Beverage (Alcoholic) 22 0.89 1.06
Beverage (Soft) 46 0.98 1.14
Broadcasting 28 0.83 1.30
Brokerage & Investment Bankin 46 0.41 1.16
Building Materials 39 0.93 1.12
Business & Consumer Services 177 1.00 1.19
Cable TV 18 0.70 0.91
Chemical (Basic) 46 0.75 0.94
Chemical (Diversified) 10 0.99 1.17
Chemical (Specialty) 103 0.91 1.03
Coal & Related Energy 42 0.83 1.64
Computer Services 119 0.99 1.16
Computers/Peripherals 64 1.17 1.21
Construction Supplies 55 1.22 1.60
Diversified 23 0.70 1.00
Drugs (Biotechnology) 400 1.06 1.10
Drugs (Pharmaceutical) 151 0.95 1.03
Education 42 0.95 1.13
Electrical Equipment 126 1.14 1.24
Electronics (Consumer & Office) 28 1.38 1.37
Electronics (General) 189 1.01 1.03
Engineering/Construction 56 1.19 1.31
Entertainment 84 0.99 1.21
Environmental & Waste Services 103 0.94 1.28
Farming/Agriculture 37 0.58 0.84
Financial Svcs. (Non-bank & Ins 288 0.06 0.67
Food Processing 96 0.82 0.99
Food Wholesalers 14 1.26 1.41
Furn/Home Furnishings 27 0.92 1.09
Green & Renewable Energy 26 0.68 1.32
Healthcare Products 261 0.90 0.99
Healthcare Support Services 138 0.91 1.05
Heathcare Information and Tech 127 0.84 0.95
Homebuilding 35 0.92 1.29
Hospitals/Healthcare Facilities 56 0.59 0.97
Hotel/Gaming 80 0.83 1.18
Household Products 135 0.91 1.03
Information Services 67 1.04 1.11
Insurance (General) 24 0.80 1.03
Insurance (Life) 25 0.75 1.04
Insurance (Prop/Cas.) 52 0.69 0.83
Investments & Asset Manageme 148 0.73 1.10
Machinery 137 1.11 1.23
Metals & Mining 124 0.91 1.28
Office Equipment & Services 25 1.00 1.34
Oil/Gas (Integrated) 8 0.76 0.81
Oil/Gas (Production and Explora 392 0.91 1.27
Oil/Gas Distribution 85 0.67 0.96
Oilfield Svcs/Equip. 161 1.32 1.54
Packaging & Container 26 0.70 0.95
Paper/Forest Products 22 0.59 0.84
Power 82 0.53 0.83
Precious Metals 147 1.05 1.29
Publshing & Newspapers 43 0.88 1.15
R.E.I.T. 213 0.43 0.79
Real Estate (Development) 18 0.82 1.02
Real Estate (General/Diversified 11 1.47 1.82
Real Estate (Operations & Servi 52 0.89 1.30
Recreation 68 0.99 1.21
Reinsurance 4 1.12 1.35
Restaurant/Dining 79 0.74 0.89
Retail (Automotive) 30 0.85 1.18
Retail (Building Supply) 5 1.29 1.44
Retail (Distributors) 90 0.81 1.12
Retail (General) 23 0.85 1.03
Retail (Grocery and Food) 21 0.75 1.05
Retail (Online) 46 1.39 1.40
Retail (Special Lines) 128 0.85 1.07
Rubber& Tires 4 0.65 1.02
Semiconductor 100 1.17 1.21
Semiconductor Equip 47 1.17 1.23
Shipbuilding & Marine 14 0.94 1.36
Shoe 13 0.82 0.84
Software (Entertainment) 20 1.13 1.12
Software (Internet) 327 1.29 1.29
Software (System & Application 259 1.06 1.10
Steel 40 0.90 1.31
Telecom (Wireless) 21 0.51 1.15
Telecom. Equipment 126 1.20 1.24
Telecom. Services 77 0.69 1.07
Tobacco 20 0.94 1.09
Transportation 21 0.77 0.86
Transportation (Railroads) 10 0.92 1.05
Trucking 30 0.92 1.32
Unclassified 8 0.14 0.10
Utility (General) 21 0.42 0.59
Utility (Water) 19 0.77 1.09
Total Market 7887 0.70 1.06

Last Updated in January 2015

By Aswath Damodaran
Total
Unlevered Total Levered
Average correlation Beta Beta
16.05% 5.15 7.36
30.81% 3.43 3.76
31.63% 1.93 3.09
19.57% 4.39 5.07
22.34% 2.64 4.90
25.75% 4.44 5.24
42.81% 0.79 1.88
22.19% 1.68 2.37
18.50% 4.83 5.71
15.84% 6.16 7.18
28.26% 2.95 4.59
30.44% 1.35 3.81
36.49% 2.54 3.06
24.47% 4.07 4.88
30.01% 2.32 3.04
20.26% 3.72 4.62
46.95% 2.10 2.50
31.84% 2.87 3.22
18.97% 4.39 8.66
21.91% 4.50 5.29
23.71% 4.94 5.11
38.26% 3.19 4.18
39.14% 1.79 2.55
15.01% 7.07 7.36
16.78% 5.66 6.12
19.88% 4.76 5.67
22.39% 5.11 5.53
15.42% 8.94 8.90
21.02% 4.83 4.89
30.11% 3.96 4.34
16.97% 5.81 7.11
17.27% 5.45 7.44
24.29% 2.38 3.47
20.32% 0.31 3.29
24.16% 3.41 4.11
21.95% 5.73 6.44
28.61% 3.22 3.81
15.20% 4.45 8.68
20.09% 4.50 4.93
19.68% 4.61 5.35
18.95% 4.41 5.01
34.81% 2.64 3.70
28.32% 2.08 3.44
25.94% 3.19 4.55
17.55% 5.19 5.86
34.90% 2.99 3.19
45.46% 1.77 2.26
48.03% 1.57 2.17
38.50% 1.80 2.15
29.28% 2.49 3.75
32.59% 3.41 3.76
14.01% 6.46 9.15
30.47% 3.28 4.41
49.36% 1.55 1.64
21.65% 4.22 5.85
32.48% 2.06 2.97
27.18% 4.85 5.68
51.37% 1.35 1.84
24.08% 2.47 3.47
35.10% 1.51 2.36
11.05% 9.47 11.70
28.18% 3.13 4.07
36.30% 1.18 2.17
16.22% 5.05 6.30
21.30% 6.92 8.54
19.66% 4.55 6.62
22.16% 4.45 5.47
46.99% 2.39 2.87
26.14% 2.83 3.42
33.40% 2.53 3.52
43.14% 2.99 3.34
25.81% 3.14 4.32
31.06% 2.74 3.32
22.71% 3.29 4.62
20.77% 6.70 6.72
25.55% 3.31 4.20
28.80% 2.27 3.54
31.38% 3.72 3.87
33.32% 3.52 3.70
28.45% 3.31 4.79
21.86% 3.77 3.85
23.08% 4.90 4.83
16.23% 7.97 7.93
20.59% 5.15 5.36
35.00% 2.58 3.75
20.89% 2.43 5.51
24.34% 4.92 5.11
18.29% 3.78 5.84
26.26% 3.60 4.13
29.54% 2.59 2.90
46.22% 1.99 2.27
41.20% 2.23 3.21
6.08% 2.24 1.72
43.96% 0.95 1.35
26.69% 2.87 4.07
23.88% 2.95 4.46
capm
rf b rm rf
0.0506 0.0274 0.00748265 0.0506

CAPM 4.9%

1,270,000

0.001
rp
Inversion Incial
Activo fijo $ 1,270,000
Capital de Trabajo
Gastos de Constitucin $ 597,240
TOTAL $ 1,867,240

Arriendos 250,000
Computador +impresora 300,000
Probadores 100,000
Espejos 100,000
Escritorio 50,000
Packing 200,000
Etiquetas 220,000
Colgadores 120,000
Materia Prima 6,492,000
Percheros 600,000
Total 8,532,000
597,240