Andino Invest American Airlines

Fecha Precio Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2 Fecha

1/12/2021 0.45 1/12/2021
1/1/2022 0.58 28.89% 7.4923% 1/1/2022
1/2/2022 0.51 -12.07% 1.8458% 1/2/2022
1/3/2022 0.6 17.65% 2.6018% 1/3/2022
1/4/2022 0.58 -3.33% 0.2352% 1/4/2022
1/5/2022 0.55 -5.17% 0.4475% 1/5/2022
1/6/2022 0.55 0.00% 0.0230% 1/6/2022
1/7/2022 0.53 -3.64% 0.2656% 1/7/2022
1/8/2022 0.53 0.00% 0.0230% 1/8/2022
1/9/2022 0.45 -15.09% 2.7593% 1/9/2022
1/10/2022 0.5 11.11% 0.9205% 1/10/2022
1/11/2022 0.45 -10.00% 1.3264% 1/11/2022
1/12/2022 0.48 6.67% 0.2652% 1/12/2022
1/1/2023 0.45 -6.25% 0.6032% 1/1/2023
1/2/2023 0.45 0.00% 0.0230% 1/2/2023
1/3/2023 0.45 0.00% 0.0230% 1/3/2023
1/4/2023 0.495 10.00% 0.7196% 1/4/2023
1/5/2023 0.78 57.58% 31.4260% 1/5/2023
1/6/2023 0.57 -26.92% 8.0883% 1/6/2023
1/7/2023 0.57 0.00% 0.0230% 1/7/2023
1/8/2023 0.54 -5.26% 0.4597% 1/8/2023
1/9/2023 0.49 -9.26% 1.1613% 1/9/2023
1/10/2023 0.49 0.00% 0.0230% 1/10/2023
1/11/2023 0.49 0.00% 0.0230% 1/11/2023

Rendimiento 1.5169% 60.7787%

Varianza 2.7627%
Riesgo--> Desv. Estandar 16.6213%

VARIABLES PARA MATRIZ

VARIABLE SIMBOLO PORCENTAJE
INVERSIÓN (A) WA 0.33
INVERSIÓN (B) WB 0.34
INVERSIÓN (C) WC 0.33
D.E.(A) sA 0.17
D.E.(B) sB 0.11
D.E.(C) sC 0.16
COEF CORR(AB) rAB 0.09699957795
COEF CORR(AC) rAC 0.00622559789
 COEF CORR(BC) rBC -0.1107500412

COVARIANZA(AB) sAB 0.00182230881

COVARIANZA(AC) s AC 0.00016673406
COVARIANZA(BC) sBC -0.0020170217

Fecha (Ri-Rpa) (Ri-Rpb) (Ri-Rpc)

1 1/1/2022 27.372% 4.819% 4.848%
2 1/2/2022 -13.586% -5.009% -1.628%
3 1/3/2022 16.130% 2.866% -0.327%
4 1/4/2022 -4.850% 5.841% 13.427%
5 1/5/2022 -6.689% -7.046% -26.509%
6 1/6/2022 -1.517% -20.163% -5.185%
7 1/7/2022 -5.153% 1.866% -4.789%
8 1/8/2022 -1.517% -6.240% 0.359%
9 1/9/2022 -16.611% -3.191% -14.989%
10 1/10/2022 9.594% 13.118% 8.372%
11 1/11/2022 -11.517% 8.080% -16.261%
12 1/12/2022 5.150% 1.144% 40.991%
13 1/1/2023 -7.767% 9.387% -10.595%
14 1/2/2023 -1.517% 7.885% -5.676%
15 1/3/2023 -1.517% 1.144% 2.658%
16 1/4/2023 8.483% -22.248% -7.948%
17 1/5/2023 56.059% 13.052% -12.596%
18 1/6/2023 -28.440% 23.176% -5.342%
19 1/7/2023 -1.517% -4.670% -10.386%
20 1/8/2023 -6.780% -11.616% 40.158%
21 1/9/2023 -10.776% -12.122% 19.021%
22 1/10/2023 -1.517% -12.582% -3.592%
23 1/11/2023 -1.517% 12.507% -4.009%
American Airlines Aenza LM
Precio Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2 Fecha Precio
18.5 1/12/2021 1.37
19.18 3.68% 0.2323% 1/1/2022 1.4
18 -6.15% 0.2509% 1/2/2022 1.34
18.31 1.72% 0.0821% 1/3/2022 1.3
19.17 4.70% 0.3411% 1/4/2022 1.44
17.6 -8.19% 0.4965% 1/5/2022 1.02
13.85 -21.31% 4.0655% 1/6/2022 0.94
13.95 0.72% 0.0348% 1/7/2022 0.87
12.92 -7.38% 0.3894% 1/8/2022 0.85
12.36 -4.33% 0.1018% 1/9/2022 0.7
13.84 11.97% 1.7208% 1/10/2022 0.74
14.8 6.94% 0.6529% 1/11/2022 0.6
14.8 0.00% 0.0131% 1/12/2022 0.83
16.02 8.24% 0.8811% 1/1/2023 0.72
17.1 6.74% 0.6218% 1/2/2023 0.66
17.1 0.00% 0.0131% 1/3/2023 0.66
13.1 -23.39% 4.9498% 1/4/2023 0.59
14.66 11.91% 1.7036% 1/5/2023 0.5
17.89 22.03% 5.3715% 1/6/2023 0.46
16.85 -5.81% 0.2181% 1/7/2023 0.4
14.7 -12.76% 1.3493% 1/8/2023 0.55
12.75 -13.27% 1.4693% 1/9/2023 0.64
11 -13.73% 1.5830% 1/10/2023 0.6
12.25 11.36% 1.5643% 1/11/2023 0.56

Rendimiento -1.1437% 28.1059% Rendimiento

Varianza 1.2775% Varianza
Desv. Estandar 11.3028% Desv. Estandar

MATRIZ
STOCK
A
B
C

PORTAFOLIO
Riesgo
Covarianza
Resperado
 Tasa libre de
riesgo
Ratio de
Sharpe

(Ri-RpA)*(Ri-RpB) (Ri-Rpa)*(Ri-Rpc) (Ri-Rpb)*(Ri-Rpc)

1.319% 1.327% 0.234%
0.680% 0.221% 0.082%
0.462% -0.053% -0.009%
-0.283% -0.651% 0.784%
0.471% 1.773% 1.868%
0.306% 0.079% 1.046%
-0.096% 0.247% -0.089%
0.095% -0.005% -0.022%
0.530% 2.490% 0.478%
1.259% 0.803% 1.098%
-0.931% 1.873% -1.314%
0.059% 2.111% 0.469%
-0.729% 0.823% -0.995%
-0.120% 0.086% -0.448%
-0.017% -0.040% 0.030%
-1.887% -0.674% 1.768%
7.317% -7.061% -1.644%
-6.591% 1.519% -1.238%
0.071% 0.158% 0.485%
0.788% -2.723% -4.665%
1.306% -2.050% -2.306%
0.191% 0.054% 0.452%
-0.190% 0.061% -0.501%
4.009% 0.367% -4.437%
 Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2

2.19% 0.2350%
-4.29% 0.0265%
-2.99% 0.0011%
10.77% 1.8028%
-29.17% 7.0272%
-7.84% 0.2689%
-7.45% 0.2293%
-2.30% 0.0013%
-17.65% 2.2468%
5.71% 0.7009%
-18.92% 2.6442%
38.33% 16.8027%
-13.25% 1.1226%
-8.33% 0.3221%
0.00% 0.0706%
-10.61% 0.6318%
-15.25% 1.5867%
-8.00% 0.2854%
-13.04% 1.0786%
37.50% 16.1265%
16.36% 3.6181%
-6.25% 0.1290%
-6.67% 0.1607%

-2.6578% 57.1190%
2.5963%
16.1131%

MATRIZ
A B C
0.00300854556 0.00020446 0.0000182
0.00020446305 0.00147684 -0.00022631
0.0000182 -0.00022631 0.00282739

PORTAFOLIO
0.0854716111
0.0073053963
-0.0076535268
 0.0444

-0.60901539274
 Latam Airlines Group SA SALFACORP
Fecha Precio Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2 Fecha
1/12/2021 18.04 1/12/2021
1/1/2022 16.54 -8.31% 3.0592% 1/1/2022
1/2/2022 14.9 -9.92% 3.6447% 1/2/2022
1/3/2022 13.64 -8.46% 3.1089% 1/3/2022
1/4/2022 12.47 -8.58% 3.1518% 1/4/2022
1/5/2022 18.41 47.63% 14.7907% 1/5/2022
1/6/2022 14 -23.95% 10.9760% 1/6/2022
1/7/2022 12.19 -12.93% 4.8860% 1/7/2022
1/8/2022 11.96 -1.89% 1.2238% 1/8/2022
1/9/2022 50.49 322.16% 979.5745% 1/9/2022
1/10/2022 12.99 -74.27% 69.6353% 1/10/2022
1/11/2022 5.31 -59.12% 46.6462% 1/11/2022
1/12/2022 5.65 6.40% 0.0769% 1/12/2022
1/1/2023 5.68 0.53% 0.7473% 1/1/2023
1/2/2023 6.27 10.39% 0.0147% 1/2/2023
1/3/2023 5.95 -5.10% 2.0390% 1/3/2023
1/4/2023 5.49 -7.73% 2.8584% 1/4/2023
1/5/2023 6.7 22.04% 1.6549% 1/5/2023
1/6/2023 7.58 13.13% 0.1567% 1/6/2023
1/7/2023 8.03 5.94% 0.1049% 1/7/2023
1/8/2023 8.05 0.25% 0.7968% 1/8/2023
1/9/2023 8.06 0.12% 0.8193% 1/9/2023
1/10/2023 7 -13.15% 4.9849% 1/10/2023
1/11/2023 8.11 15.86% 0.4464% 1/11/2023

Rendimiento 9.1756% 1155.3973%

Varianza 52.5181%
Riesgo--> Desv. Estandar 72.4693%

VARIABLES PARA MATRIZ

VARIABLE SIMBOLO PORCENTAJE
INVERSIÓN (A) WA 0.33
INVERSIÓN (B) WB 0.34
INVERSIÓN (C) WC 0.33
D.E.(A) sA 0.72
D.E.(B) sB 0.13
D.E.(C) sC 0.10
COEF CORR(AB) rAB 0.01685448449
COEF CORR(AC) rAC -0.0813981657
 COEF CORR(BC) rBC 0.55136587263

COVARIANZA(AB) sAB 0.00158939545

COVARIANZA(AC) s AC -0.0061520747
COVARIANZA(BC) sBC 0.0074826374

Fecha (Ri-Rpa) (Ri-Rpb) (Ri-Rpc)

1 1/1/2022 -17.490% 0.949% -8.892%
2 1/2/2022 -19.091% -18.185% -16.441%
3 1/3/2022 -17.632% -7.538% 16.830%
4 1/4/2022 -17.753% -5.079% -9.211%
5 1/5/2022 38.459% 14.194% 12.596%
6 1/6/2022 -33.130% -18.648% -16.287%
7 1/7/2022 -22.104% 3.698% 3.349%
8 1/8/2022 -11.062% 25.858% 10.839%
9 1/9/2022 312.982% -10.704% -7.650%
10 1/10/2022 -83.448% -11.651% -1.874%
11 1/11/2022 -68.298% -6.704% 12.540%
12 1/12/2022 -2.773% 0.357% 7.313%
13 1/1/2023 -8.645% 11.325% -8.637%
14 1/2/2023 1.212% 13.222% 11.486%
15 1/3/2023 -14.279% -5.352% -5.598%
16 1/4/2023 -16.907% -4.165% -5.639%
17 1/5/2023 12.864% 27.071% 5.749%
18 1/6/2023 3.959% -2.676% 8.776%
19 1/7/2023 -3.239% 13.014% 16.945%
20 1/8/2023 -8.927% -8.093% -5.066%
21 1/9/2023 -9.051% -9.781% -7.844%
22 1/10/2023 -22.327% -14.045% -8.609%
23 1/11/2023 6.682% 12.932% -4.677%
SALFACORP INGEVEC
Precio Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2 Fecha Precio
278.55 1/12/2021 53.25
288.12 3.44% 0.0090% 1/1/2022 48.55
242.89 -15.70% 3.3069% 1/2/2022 40.6
230.62 -5.05% 0.5682% 1/3/2022 47.46
224.64 -2.59% 0.2580% 1/4/2022 43.12
262.11 16.68% 2.0146% 1/5/2022 48.58
219.75 -16.16% 3.4773% 1/6/2022 40.7
233.34 6.18% 0.1367% 1/7/2022 42.09
299.48 28.34% 6.6866% 1/8/2022 46.68
274.87 -8.22% 1.1458% 1/9/2022 43.14
249.68 -9.16% 1.3574% 1/10/2022 42.36
239.15 -4.22% 0.4494% 1/11/2022 47.7
245.95 2.84% 0.0013% 1/12/2022 51.22
279.92 13.81% 1.2826% 1/1/2023 46.83
323.89 15.71% 1.7481% 1/2/2023 52.24
314.61 -2.87% 0.2864% 1/3/2023 49.35
309.33 -1.68% 0.1734% 1/4/2023 46.6
400.76 29.56% 7.3284% 1/5/2023 49.31
400 -0.19% 0.0716% 1/6/2023 53.67
462 15.50% 1.6935% 1/7/2023 62.8
436.1 -5.61% 0.6549% 1/8/2023 59.66
404.29 -7.29% 0.9566% 1/9/2023 55.02
357.56 -11.56% 1.9726% 1/10/2023 50.32
412.69 15.42% 1.6723% 1/11/2023 48

Rendimiento 2.4865% 37.2518% Rendimiento

Varianza 1.6933% Varianza
Desv. Estandar 13.0125% Desv. Estandar

MATRIZ
STOCK
A
B
C

PORTAFOLIO
Riesgo
Covarianza
Resperado
 Tasa libre de
riesgo
Ratio de
Sharpe

(Ri-RpA)*(Ri-RpB) (Ri-Rpa)*(Ri-Rpc) (Ri-Rpb)*(Ri-Rpc)

-0.166% 1.555% -0.084%
3.472% 3.139% 2.990%
1.329% -2.968% -1.269%
0.902% 1.635% 0.468%
5.459% 4.844% 1.788%
6.178% 5.396% 3.037%
-0.817% -0.740% 0.124%
-2.861% -1.199% 2.803%
-33.502% -23.942% 0.819%
9.722% 1.564% 0.218%
4.579% -8.565% -0.841%
-0.010% -0.203% 0.026%
-0.979% 0.747% -0.978%
0.160% 0.139% 1.519%
0.764% 0.799% 0.300%
0.704% 0.953% 0.235%
3.483% 0.740% 1.556%
-0.106% 0.347% -0.235%
-0.422% -0.549% 2.205%
0.722% 0.452% 0.410%
0.885% 0.710% 0.767%
3.136% 1.922% 1.209%
0.864% -0.312% -0.605%
3.497% -13.535% 16.462%
 Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2

-8.83% 0.7908%
-16.37% 2.7031%
16.90% 2.8326%
-9.14% 0.8484%
12.66% 1.5866%
-16.22% 2.6526%
3.42% 0.1122%
10.91% 1.1748%
-7.58% 0.5852%
-1.81% 0.0351%
12.61% 1.5725%
7.38% 0.5348%
-8.57% 0.7460%
11.55% 1.3193%
-5.53% 0.3134%
-5.57% 0.3179%
5.82% 0.3305%
8.84% 0.7702%
17.01% 2.8714%
-5.00% 0.2567%
-7.78% 0.6152%
-8.54% 0.7411%
-4.61% 0.2187%

0.0662% 23.9292%
1.0877%
10.4292%

MATRIZ
A B C
0.05719216458 0.00017833 -0.0006700
0.00017833017 0.00195741 0.000839552
-0.0006700 0.00083955 0.001184495

PORTAFOLIO
0.24704233118
0.06102991339
0.03895201884
 0.0444

-0.02205282444
 Airbus Group SE CNH Industrial NV
Fecha Precio Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2 Fecha
1/12/2021 112.68 1/12/2021
1/1/2022 111.9 -0.69% 0.0305% 1/1/2022
1/2/2022 115.06 2.82% 0.0313% 1/2/2022
1/3/2022 110.58 -3.89% 0.2448% 1/3/2022
1/4/2022 105.56 -4.54% 0.3129% 1/4/2022
1/5/2022 109.28 3.52% 0.0610% 1/5/2022
1/6/2022 92.5 -15.36% 2.6925% 1/6/2022
1/7/2022 104.94 13.45% 1.5364% 1/7/2022
1/8/2022 101.5 -3.28% 0.1876% 1/8/2022
1/9/2022 89.03 -12.29% 1.7794% 1/9/2022
1/10/2022 109.5 22.99% 4.8130% 1/10/2022
1/11/2022 110.48 0.89% 0.0003% 1/11/2022
1/12/2022 111.5 0.92% 0.0002% 1/12/2022
1/1/2023 114.92 3.07% 0.0405% 1/1/2023
1/2/2023 124.2 8.08% 0.4930% 1/2/2023
1/3/2023 123.48 -0.58% 0.0267% 1/3/2023
1/4/2023 125.52 1.65% 0.0036% 1/4/2023
1/5/2023 124.9 -0.49% 0.0240% 1/5/2023
1/6/2023 132.26 5.89% 0.2342% 1/6/2023
1/7/2023 133.46 0.91% 0.0002% 1/7/2023
1/8/2023 136.06 1.95% 0.0080% 1/8/2023
1/9/2023 127.3 -6.44% 0.5613% 1/9/2023
1/10/2023 126.34 -0.75% 0.0327% 1/10/2023
1/11/2023 134.42 6.40% 0.2853% 1/11/2023

Rendimiento 1.0537% 13.3992%

Varianza 0.6091%
Riesgo--> Desv. Estandar 7.8042%

VARIABLES PARA MATRIZ

VARIABLE SIMBOLO PORCENTAJE
INVERSIÓN (A) WA 0.33
INVERSIÓN (B) WB 0.34
INVERSIÓN (C) WC 0.33
D.E.(A) sA 0.08
D.E.(B) sB 0.10
D.E.(C) sC 0.09
COEF CORR(AB) rAB 0.54975740171
COEF CORR(AC) rAC -0.0557765711
 COEF CORR(BC) rBC 0.26429998456

COVARIANZA(AB) sAB 0.00412203586

COVARIANZA(AC) s AC -0.0003993287
COVARIANZA(BC) sBC 0.00232948288

Fecha (Ri-Rpa) (Ri-Rpb) (Ri-Rpc)

1 1/1/2022 -1.746% -8.555% -7.714%
2 1/2/2022 1.770% -2.201% -11.218%
3 1/3/2022 -4.947% 13.865% 19.329%
4 1/4/2022 -5.593% -2.997% -4.233%
5 1/5/2022 2.470% 2.643% -3.379%
6 1/6/2022 -16.409% -18.925% -8.234%
7 1/7/2022 12.395% 14.826% -12.966%
8 1/8/2022 -4.332% -0.742% -2.610%
9 1/9/2022 -13.339% -2.892% 15.622%
10 1/10/2022 21.939% 14.306% 5.007%
11 1/11/2022 -0.159% 18.144% 12.145%
12 1/12/2022 -0.130% -0.374% -0.217%
13 1/1/2023 2.014% 9.542% -3.343%
14 1/2/2023 7.021% -2.247% 3.727%
15 1/3/2023 -1.633% -7.684% 12.629%
16 1/4/2023 0.598% -7.858% 3.833%
17 1/5/2023 -1.548% -4.615% -4.632%
18 1/6/2023 4.839% 12.125% 0.754%
19 1/7/2023 -0.146% 0.904% 1.682%
20 1/8/2023 0.894% -0.894% -4.152%
21 1/9/2023 -7.492% -8.080% -4.024%
22 1/10/2023 -1.808% -7.692% -16.537%
23 1/11/2023 5.342% -10.599% 8.529%
CNH Industrial NV Aenza Comer Industries SpA
Precio Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2 Fecha Precio
14.846 1/12/2021 30.6
13.335 -10.18% 0.7318% 1/1/2022 28.2
12.825 -3.82% 0.0485% 1/2/2022 25
14.395 12.24% 1.9223% 1/3/2022 29.8
13.73 -4.62% 0.0898% 1/4/2022 28.5
13.87 1.02% 0.0698% 1/5/2022 27.5
11.02 -20.55% 3.5815% 1/6/2022 25.2
12.475 13.20% 2.1982% 1/7/2022 21.9
12.18 -2.36% 0.0055% 1/8/2022 21.3
11.63 -4.52% 0.0837% 1/9/2022 24.6
13.105 12.68% 2.0466% 1/10/2022 25.8
15.27 16.52% 3.2919% 1/11/2022 28.9
14.965 -2.00% 0.0014% 1/12/2022 28.8
16.15 7.92% 0.9104% 1/1/2023 27.8
15.525 -3.87% 0.0505% 1/2/2023 28.8
14.08 -9.31% 0.5905% 1/3/2023 32.4
12.745 -9.48% 0.6175% 1/4/2023 33.6
11.95 -6.24% 0.2129% 1/5/2023 32
13.205 10.50% 1.4702% 1/6/2023 32.2
13.11 -0.72% 0.0082% 1/7/2023 32.7
12.78 -2.52% 0.0080% 1/8/2023 31.3
11.54 -9.70% 0.6528% 1/9/2023 30
10.465 -9.32% 0.5917% 1/10/2023 25
9.186 -12.22% 1.1233% 1/11/2023 27.1

Rendimiento -1.6232% 20.3071% Rendimiento

Varianza 0.9230% Varianza
Desv. Estandar 9.6075% Desv. Estandar

MATRIZ
STOCK
A
B
C

PORTAFOLIO
Riesgo
Covarianza
Resperado
 Tasa libre de
riesgo
Ratio de
Sharpe

(Ri-RpA)*(Ri-RpB) (Ri-Rpa)*(Ri-Rpc) (Ri-Rpb)*(Ri-Rpc)

0.149% 0.135% 0.660%
-0.039% -0.199% 0.247%
-0.686% -0.956% 2.680%
0.168% 0.237% 0.127%
0.065% -0.083% -0.089%
3.105% 1.351% 1.558%
1.838% -1.607% -1.922%
0.032% 0.113% 0.019%
0.386% -2.084% -0.452%
3.139% 1.099% 0.716%
-0.029% -0.019% 2.204%
0.000% 0.000% 0.001%
0.192% -0.067% -0.319%
-0.158% 0.262% -0.084%
0.126% -0.206% -0.970%
-0.047% 0.023% -0.301%
0.071% 0.072% 0.214%
0.587% 0.037% 0.091%
-0.001% -0.002% 0.015%
-0.008% -0.037% 0.037%
0.605% 0.301% 0.325%
0.139% 0.299% 1.272%
-0.566% 0.456% -0.904%
9.068% -0.879% 5.125%
 Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2

-7.84% 0.5950%
-11.35% 1.2585%
19.20% 3.7363%
-4.36% 0.1792%
-3.51% 0.1142%
-8.36% 0.6780%
-13.10% 1.6811%
-2.74% 0.0681%
15.49% 2.4406%
4.88% 0.2507%
12.02% 1.4750%
-0.35% 0.0005%
-3.47% 0.1117%
3.60% 0.1389%
12.50% 1.5950%
3.70% 0.1469%
-4.76% 0.2146%
0.63% 0.0057%
1.55% 0.0283%
-4.28% 0.1724%
-4.15% 0.1619%
-16.67% 2.7348%
8.40% 0.7275%

-0.1294% 18.5150%
0.8416%
9.1738%

MATRIZ
A B C
0.00066326167 0.00046249 -0.0000435
0.00046249242 0.00106704 0.000261368
-0.0000435 0.00026137 0.000916491

PORTAFOLIO
0.06330516188
0.00400754352
-0.00246866123
 0.0444

-0.74036081489
 Elecnor S.A. Empresarial San Jose
Fecha Precio Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2 Fecha
1/12/2021 10.5 1/12/2021
1/1/2022 9.96 -5.14% 0.5717% 1/1/2022
1/2/2022 10.85 8.94% 0.4248% 1/2/2022
1/3/2022 10.9 0.46% 0.0383% 1/3/2022
1/4/2022 11.25 3.21% 0.0063% 1/4/2022
1/5/2022 12.65 12.44% 1.0053% 1/5/2022
1/6/2022 10.95 -13.44% 2.5144% 1/6/2022
1/7/2022 11.55 5.48% 0.0937% 1/7/2022
1/8/2022 11.15 -3.46% 0.3459% 1/8/2022
1/9/2022 10.1 -9.42% 1.4007% 1/9/2022
1/10/2022 10.1 0.00% 0.0585% 1/10/2022
1/11/2022 10.8 6.93% 0.2036% 1/11/2022
1/12/2022 10.6 -1.85% 0.1823% 1/12/2022
1/1/2023 11.4 7.55% 0.2631% 1/1/2023
1/2/2023 11.8 3.51% 0.0119% 1/2/2023
1/3/2023 11.55 -2.12% 0.2058% 1/3/2023
1/4/2023 11.9 3.03% 0.0037% 1/4/2023
1/5/2023 11.8 -0.84% 0.1062% 1/5/2023
1/6/2023 13 10.17% 0.6008% 1/6/2023
1/7/2023 13.95 7.31% 0.2391% 1/7/2023
1/8/2023 13.6 -2.51% 0.2428% 1/8/2023
1/9/2023 14.75 8.46% 0.3645% 1/9/2023
1/10/2023 15.9 7.80% 0.2893% 1/10/2023
1/11/2023 17.35 9.12% 0.4491% 1/11/2023

Rendimiento 2.4181% 9.6218%

Varianza 0.4374%
Riesgo--> Desv. Estandar 6.6133%

VARIABLES PARA MATRIZ

VARIABLE SIMBOLO PORCENTAJE
INVERSIÓN (A) WA 0.33
INVERSIÓN (B) WB 0.34
INVERSIÓN (C) WC 0.33
D.E.(A) sA 0.07
D.E.(B) sB 0.07
D.E.(C) sC 0.05
COEF CORR(AB) rAB 0.34262702464
COEF CORR(AC) rAC 0.23308954774
 COEF CORR(BC) rBC 0.17067726241

COVARIANZA(AB) sAB 0.0014805085

COVARIANZA(AC) s AC 0.00071230983
COVARIANZA(BC) sBC 0.00051532017

Fecha (Ri-Rpa) (Ri-Rpb) (Ri-Rpc)

1 1/1/2022 -7.561% -1.888% -0.889%
2 1/2/2022 6.518% -9.879% 3.779%
3 1/3/2022 -1.957% 5.315% 2.111%
4 1/4/2022 0.793% -6.327% 0.589%
5 1/5/2022 10.026% 4.367% 14.247%
6 1/6/2022 -15.857% -4.065% 3.887%
7 1/7/2022 3.061% 3.937% -5.306%
8 1/8/2022 -5.881% -1.639% -6.811%
9 1/9/2022 -11.835% -11.783% -3.195%
10 1/10/2022 -2.418% 9.555% 5.035%
11 1/11/2022 4.513% 12.507% -0.829%
12 1/12/2022 -4.270% -3.977% 1.143%
13 1/1/2023 5.129% 7.234% 6.295%
14 1/2/2023 1.091% 9.864% -0.501%
15 1/3/2023 -4.537% -9.451% -2.017%
16 1/4/2023 0.612% -2.013% -0.194%
17 1/5/2023 -3.258% 0.414% -0.808%
18 1/6/2023 7.751% -4.184% -0.809%
19 1/7/2023 4.890% 6.294% -6.057%
20 1/8/2023 -4.927% -0.878% -5.403%
21 1/9/2023 6.038% -3.277% -1.876%
22 1/10/2023 5.379% -1.019% -0.153%
23 1/11/2023 6.701% 0.893% -2.238%
Empresarial San Jose Azkoyen S.A.
Precio Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2 Fecha Precio
4.9 1/12/2021 5.16
4.75 -3.06% 0.0356% 1/1/2022 5.14
4.225 -11.05% 0.9760% 1/2/2022 5.36
4.4 4.14% 0.2825% 1/3/2022 5.5
4.07 -7.50% 0.4003% 1/4/2022 5.56
4.2 3.19% 0.1907% 1/5/2022 6.38
3.98 -5.24% 0.1652% 1/6/2022 6.66
4.09 2.76% 0.1550% 1/7/2022 6.34
3.975 -2.81% 0.0268% 1/8/2022 5.94
3.46 -12.96% 1.3883% 1/9/2022 5.78
3.75 8.38% 0.9129% 1/10/2022 6.1
4.175 11.33% 1.5641% 1/11/2022 6.08
3.96 -5.15% 0.1581% 1/12/2022 6.18
4.2 6.06% 0.5233% 1/1/2023 6.6
4.565 8.69% 0.9729% 1/2/2023 6.6
4.08 -10.62% 0.8932% 1/3/2023 6.5
3.95 -3.19% 0.0405% 1/4/2023 6.52
3.92 -0.76% 0.0017% 1/5/2023 6.5
3.71 -5.36% 0.1751% 1/6/2023 6.48
3.9 5.12% 0.3962% 1/7/2023 6.12
3.82 -2.05% 0.0077% 1/8/2023 5.82
3.65 -4.45% 0.1074% 1/9/2023 5.74
3.57 -2.19% 0.0104% 1/10/2023 5.76
3.56 -0.28% 0.0080% 1/11/2023 5.66

Rendimiento -1.1732% 9.3922% Rendimiento

Varianza 0.4269% Varianza
Desv. Estandar 6.5339% Desv. Estandar

MATRIZ
STOCK
A
B
C

PORTAFOLIO
Riesgo
Covarianza
Resperado
 Tasa libre de
riesgo
Ratio de
Sharpe

(Ri-RpA)*(Ri-RpB) (Ri-Rpa)*(Ri-Rpc) (Ri-Rpb)*(Ri-Rpc)

0.143% 0.067% 0.017%
-0.644% 0.246% -0.373%
-0.104% -0.041% 0.112%
-0.050% 0.005% -0.037%
0.438% 1.428% 0.622%
0.645% -0.616% -0.158%
0.121% -0.162% -0.209%
0.096% 0.401% 0.112%
1.395% 0.378% 0.376%
-0.231% -0.122% 0.481%
0.564% -0.037% -0.104%
0.170% -0.049% -0.045%
0.371% 0.323% 0.455%
0.108% -0.005% -0.049%
0.429% 0.091% 0.191%
-0.012% -0.001% 0.004%
-0.013% 0.026% -0.003%
-0.324% -0.063% 0.034%
0.308% -0.296% -0.381%
0.043% 0.266% 0.047%
-0.198% -0.113% 0.061%
-0.055% -0.008% 0.002%
0.060% -0.150% -0.020%
3.257% 1.567% 1.134%
 Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2

-0.39% 0.0079%
4.28% 0.1428%
2.61% 0.0445%
1.09% 0.0035%
14.75% 2.0297%
4.39% 0.1511%
-4.80% 0.2816%
-6.31% 0.4638%
-2.69% 0.1021%
5.54% 0.2535%
-0.33% 0.0069%
1.64% 0.0131%
6.80% 0.3962%
0.00% 0.0025%
-1.52% 0.0407%
0.31% 0.0004%
-0.31% 0.0065%
-0.31% 0.0065%
-5.56% 0.3669%
-4.90% 0.2920%
-1.37% 0.0352%
0.35% 0.0002%
-1.74% 0.0501%

0.5014% 4.6977%
0.2135%
4.6209%

MATRIZ
A B C
0.00047627944 0.00016611 0.0000776
0.00016611305 0.00049352 5.781892E-05
0.0000776 5.78189E-05 0.000232534

PORTAFOLIO
0.0424892425
0.00180533573
0.00564555927
 0.0444

-0.9121000623
 Mota Engil SGPS SA (MOTA) Lisgrafica (LIG)
Fecha Precio Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2 Fecha
1/12/2021 1.276 1/12/2021
1/1/2022 1.258 -1.41% 0.4177% 1/1/2022
1/2/2022 1.21 -3.82% 0.7864% 1/2/2022
1/3/2022 1.348 11.40% 0.4036% 1/3/2022
1/4/2022 1.278 -5.19% 1.0496% 1/4/2022
1/5/2022 1.364 6.73% 0.0281% 1/5/2022
1/6/2022 1.228 -9.97% 2.2568% 1/6/2022
1/7/2022 1.228 0.00% 0.2552% 1/7/2022
1/8/2022 1.2 -2.28% 0.5376% 1/8/2022
1/9/2022 1.06 -11.67% 2.7952% 1/9/2022
1/10/2022 1.214 14.53% 0.8980% 1/10/2022
1/11/2022 1.232 1.48% 0.1274% 1/11/2022
1/12/2022 1.17 -5.03% 1.0170% 1/12/2022
1/1/2023 1.7 45.30% 16.1982% 1/1/2023
1/2/2023 1.86 9.41% 0.1901% 1/2/2023
1/3/2023 1.588 -14.62% 3.8714% 1/3/2023
1/4/2023 1.982 24.81% 3.9042% 1/4/2023
1/5/2023 1.838 -7.27% 1.5172% 1/5/2023
1/6/2023 2.245 22.14% 2.9212% 1/6/2023
1/7/2023 2.5 11.36% 0.3977% 1/7/2023
1/8/2023 2.87 14.80% 0.9502% 1/8/2023
1/9/2023 3.425 19.34% 2.0409% 1/9/2023
1/10/2023 3.07 -10.36% 2.3769% 1/10/2023
1/11/2023 3.27 6.51% 0.0214% 1/11/2023

Rendimiento 5.0521% 44.9619%

Varianza 2.0437%
Riesgo--> Desv. Estandar 14.2959%

VARIABLES PARA MATRIZ

VARIABLE SIMBOLO PORCENTAJE
INVERSIÓN (A) WA 0.33
INVERSIÓN (B) WB 0.34
INVERSIÓN (C) WC 0.33
D.E.(A) sA 0.14
D.E.(B) sB 0.23
D.E.(C) sC 0.12
COEF CORR(AB) rAB 0.40052098404
COEF CORR(AC) rAC 0.11290029763
 COEF CORR(BC) rBC 0.10535659838

COVARIANZA(AB) sAB 0.01321447316

COVARIANZA(AC) s AC 0.00190698842
COVARIANZA(BC) sBC 0.00287288037

Fecha (Ri-Rpa) (Ri-Rpb) (Ri-Rpc)

1 1/1/2022 -6.463% -2.583% -12.515%
2 1/2/2022 -8.868% 6.507% -4.515%
3 1/3/2022 6.353% 14.083% 31.355%
4 1/4/2022 -10.245% -2.583% -2.915%
5 1/5/2022 1.677% 25.988% -4.515%
6 1/6/2022 -15.023% -35.917% -4.515%
7 1/7/2022 -5.052% -10.917% -4.515%
8 1/8/2022 -7.332% 6.507% -4.515%
9 1/9/2022 -16.719% 14.083% -4.515%
10 1/10/2022 9.476% -9.726% -4.515%
11 1/11/2022 -3.569% -17.968% -4.515%
12 1/12/2022 -10.085% -11.674% -4.515%
13 1/1/2023 40.247% 57.417% -4.515%
14 1/2/2023 4.360% -46.333% -4.515%
15 1/3/2023 -19.676% -13.695% 25.406%
16 1/4/2023 19.759% 22.417% 30.030%
17 1/5/2023 -12.318% 17.417% -4.515%
18 1/6/2023 17.092% 5.750% -4.515%
19 1/7/2023 6.306% -25.660% 5.395%
20 1/8/2023 9.748% 17.417% -4.515%
21 1/9/2023 14.286% -27.583% -4.515%
22 1/10/2023 -15.417% -2.583% -4.515%
23 1/11/2023 1.463% 19.639% -4.515%
Lisgrafica (LIG) Litho Formas SA (LITF)
Precio Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2 Fecha Precio
0.0055 1/12/2021 1
0.0055 0.00% 0.0667% 1/1/2022 0.92
0.006 9.09% 0.4235% 1/2/2022 0.92
0.007 16.67% 1.9834% 1/3/2022 1.25
0.007 0.00% 0.0667% 1/4/2022 1.27
0.009 28.57% 6.7538% 1/5/2022 1.27
0.006 -33.33% 12.9001% 1/6/2022 1.27
0.0055 -8.33% 1.1918% 1/7/2022 1.27
0.006 9.09% 0.4235% 1/8/2022 1.27
0.007 16.67% 1.9834% 1/9/2022 1.27
0.0065 -7.14% 0.9460% 1/10/2022 1.27
0.0055 -15.38% 3.2285% 1/11/2022 1.27
0.005 -9.09% 1.3629% 1/12/2022 1.27
0.008 60.00% 32.9666% 1/1/2023 1.27
0.0045 -43.75% 21.4679% 1/2/2023 1.27
0.004 -11.11% 1.8754% 1/3/2023 1.65
0.005 25.00% 5.0250% 1/4/2023 2.22
0.006 20.00% 3.0334% 1/5/2023 2.22
0.0065 8.33% 0.3306% 1/6/2023 2.22
0.005 -23.08% 6.5845% 1/7/2023 2.44
0.006 20.00% 3.0334% 1/8/2023 2.44
0.0045 -25.00% 7.6085% 1/9/2023 2.44
0.0045 0.00% 0.0667% 1/10/2023 2.44
0.0055 22.22% 3.8568% 1/11/2023 2.44

Rendimiento 2.5834% 117.1791% Rendimiento

Varianza 5.3263% Varianza
Desv. Estandar 23.0788% Desv. Estandar

MATRIZ
STOCK
A
B
C

PORTAFOLIO
Riesgo
Covarianza
Resperado
 Tasa libre de
riesgo
Ratio de
Sharpe

(Ri-RpA)*(Ri-RpB) (Ri-Rpa)*(Ri-Rpc) (Ri-Rpb)*(Ri-Rpc)

0.167% 0.809% 0.323%
-0.577% 0.400% -0.294%
0.895% 1.992% 4.416%
0.265% 0.299% 0.075%
0.436% -0.076% -1.173%
5.396% 0.678% 1.622%
0.552% 0.228% 0.493%
-0.477% 0.331% -0.294%
-2.355% 0.755% -0.636%
-0.922% -0.428% 0.439%
0.641% 0.161% 0.811%
1.177% 0.455% 0.527%
23.108% -1.817% -2.592%
-2.020% -0.197% 2.092%
2.695% -4.999% -3.479%
4.429% 5.934% 6.732%
-2.145% 0.556% -0.786%
0.983% -0.772% -0.260%
-1.618% 0.340% -1.384%
1.698% -0.440% -0.786%
-3.941% -0.645% 1.245%
0.398% 0.696% 0.117%
0.287% -0.066% -0.887%
29.072% 4.195% 6.320%
 Rendimiento 〖 (𝑟_𝑖−𝑟 ̅) 〗 ^2

-8.00% 1.5663%
0.00% 0.2039%
35.87% 9.8311%
1.60% 0.0850%
0.00% 0.2039%
0.00% 0.2039%
0.00% 0.2039%
0.00% 0.2039%
0.00% 0.2039%
0.00% 0.2039%
0.00% 0.2039%
0.00% 0.2039%
0.00% 0.2039%
0.00% 0.2039%
29.92% 6.4548%
34.55% 9.0183%
0.00% 0.2039%
0.00% 0.2039%
9.91% 0.2910%
0.00% 0.2039%
0.00% 0.2039%
0.00% 0.2039%
0.00% 0.2039%

4.5151% 30.7119%
1.3960%
11.8152%

MATRIZ
A B C
0.00222561288 0.00148266 0.0002077
0.00148266389 0.00615723 0.000322337
0.0002077 0.00032234 0.00152024

PORTAFOLIO
0.11801874822
0.01392842493
0.04035538754
 0.0444

-0.03427093167
 0.3
-0.0220528244379116
-0.0342709316676173

0.25
Ratio de
Pais Riesgo Sharpe
Chile 0.24704233 -0.02205282 0.2
Portugal 0.11801875 -0.03427093
Peru 0.08547161 -0.60901539
0.15
Italia 0.06330516 -0.74036081
España 0.04248924 -0.91210006 -0.609015
0.1

0.05

0.247042331175204
0.11801874821605
0.0854716
0
Chile Portugal P

Riesgo
 0
528244379116
-0.0342709316676173
-0.1

-0.2

-0.3

-0.4

-0.5

-0.609015392739428 -0.6

-0.7
-0.740360814894456
-0.8

-0.912100062303583 -0.9
42331175204
0.11801874821605
0.0854716111040869
0.0633051618772468
0.0424892424997382
-1
Chile Portugal Peru Italia España

Riesgo Ratio de Sharpe