PRECIOS AJUSTADOS USD RETORNOS MENSUALE

PROBABILIDADES
PERIODO PFE MSFT PHM PFE
8/1/2016 37.002415 56.229542 1.24
7/1/2016 36.585876 56.328922 1.25 1/59 1.14%
6/1/2016 34.919727 50.85305 1.219487 1/59 4.77%
5/2/2016 34.413933 52.671715 1.249231 1/59 1.47%
4/1/2016 32.152405 49.216858 1.27866 1/59 7.03%
3/1/2016 29.134739 54.50666 1.239316 1/59 10.36%
2/1/2016 29.164228 50.213631 1.405466 1/59 -0.10%
1/4/2016 29.671938 53.980919 1.259064 1/59 -1.71%
12/1/2015 31.41391 54.363068 1.366426 1/59 -5.55%
11/2/2015 31.890764 53.255814 1.268824 1/59 -1.50%
10/1/2015 32.649067 51.234901 1.659231 1/59 -2.32%
9/1/2015 30.322508 43.078587 1.570882 1/59 7.67%
8/3/2015 31.104465 42.358341 1.105436 1/59 -2.51%
7/1/2015 34.541584 45.155685 1.454521 1/59 -9.95%
6/1/2015 32.118114 42.690014 1.66785 1/59 7.55%
5/1/2015 33.286743 45.310394 1.774245 1/59 -3.51%
4/1/2015 32.234554 46.727848 2.044238 1/59 3.26%
3/2/2015 33.051582 39.061562 1.938169 1/59 -2.47%
2/2/2015 32.605068 42.126156 2.536013 1/59 1.37%
1/2/2015 29.42886 38.537525 2.478157 1/59 10.79%
12/1/2014 29.334688 44.308617 2.671009 1/59 0.32%
11/3/2014 29.334688 45.605919 1.152954 1/59 0.00%
10/1/2014 27.96244 44.504864 1.354721 1/59 4.91%
9/2/2014 27.607656 43.945591 2.161297 1/59 1.29%
8/1/2014 27.439602 43.064022 2.199549 1/59 0.61%
7/1/2014 26.795393 40.658302 2.419504 1/59 2.40%
6/2/2014 27.468021 39.282928 2.448194 1/59 -2.45%
5/1/2014 27.421745 38.566978 3.127186 1/59 0.17%
4/1/2014 28.693029 37.791672 2.93592 1/59 -4.43%
3/3/2014 29.463556 38.343578 3.328014 1/59 -2.62%
2/3/2014 29.454384 35.836609 3.041116 1/59 0.03%
1/2/2014 27.655197 35.133499 2.868978 1/59 6.51%
12/2/2013 27.864431 34.734253 3.031553 1/59 -0.75%
11/1/2013 28.865112 35.402756 3.108059 1/59 -3.47%
10/1/2013 27.704529 32.629837 2.629896 1/59 4.19%
9/3/2013 25.935194 30.667072 1.941342 1/59 6.82%
8/1/2013 25.465778 30.777653 1.415362 1/59 1.84%
7/1/2013 26.386555 29.13483 1.654444 1/59 -3.49%
6/3/2013 25.080704 31.605436 4.016569 1/59 5.21%
5/1/2013 24.382275 31.934851 9.658892 1/59 2.86%
4/1/2013 25.81465 30.076874 9.658892 1/59 -5.55%
 3/1/2013 25.628168 25.996962 9.678018 1/59 0.73%
2/1/2013 24.305023 25.260939 9.639765 1/59 5.44%
1/2/2013 24.225101 24.738092 9.611075 1/59 0.33%
12/3/2012 22.078497 24.071199 9.591949 1/59 9.72%
11/1/2012 22.025679 23.990091 9.486753 1/59 0.24%
10/1/2012 21.698706 25.510778 9.477189 1/59 1.51%
9/4/2012 21.681255 26.601288 9.907536 1/59 0.08%
8/1/2012 20.817495 27.548779 9.458063 1/59 4.15%
7/2/2012 20.782597 26.168709 9.467626 1/59 0.17%
6/1/2012 19.883514 27.163244 9.371994 1/59 4.52%
5/1/2012 18.90663 25.920074 9.247671 1/59 5.17%
4/2/2012 19.602802 28.247702 9.238108 1/59 -3.55%
3/1/2012 19.388798 28.459425 9.190291 1/59 1.10%
2/1/2012 18.08765 28.000687 9.218982 1/59 7.19%
1/3/2012 18.130451 25.880671 9.333741 1/59 -0.24%
12/1/2011 18.333784 22.75185 9.123349 1/59 -1.11%
11/1/2011 17.003653 22.418812 9.075533 1/59 7.82%
10/3/2011 16.154802 23.164619 9.075533 1/59 5.25%
9/1/2011 14.829537 21.651047 9.075533 1/59 8.94%
100%

Retorno Esperado 1.66%

Varianza 0.19%

Desviacion Standard 4.36%

Retorno Maximo 10.79%

Retorno Minimo -9.95%

RETORNOS MENSUALES RETORNOS MENSUALES
MSFT PHM PFE MSFT PHM

-0.18% -0.80% 1.14% -0.18% -0.80%

10.77% 2.50% 4.77% 10.77% 2.50%
-3.45% -2.38% 1.47% -3.45% -2.38%
7.02% -2.30% 7.03% 7.02% -2.30%
-9.70% 3.17% 10.36% -9.70% 3.17%
8.55% -11.82% -0.10% 8.55% -11.82%
-6.98% 11.63% -1.71% -6.98% 11.63%
-0.70% -7.86% -5.55% -0.70% -7.86%
2.08% 7.69% -1.50% 2.08% 7.69%
3.94% -23.53% -2.32% 3.94% -23.53%
18.93% 5.62% 7.67% 18.93% 5.62%
1.70% 42.11% -2.51% 1.70% 42.11%
-6.19% -24.00% -9.95% -6.19% -24.00%
5.78% -12.79% 7.55% 5.78% -12.79%
-5.78% -6.00% -3.51% -5.78% -6.00%
-3.03% -13.21% 3.26% -3.03% -13.21%
19.63% 5.47% -2.47% 19.63% 5.47%
-7.27% -23.57% 1.37% -7.27% -23.57%
9.31% 2.33% 10.79% 9.31% 2.33%
-13.02% -7.22% 0.32% -13.02% -7.22%
-2.84% 131.67% 0.00% -2.84% 131.67%
2.47% -14.89% 4.91% 2.47% -14.89%
1.27% -37.32% 1.29% 1.27% -37.32%
2.05% -1.74% 0.61% 2.05% -1.74%
5.92% -9.09% 2.40% 5.92% -9.09%
3.50% -1.17% -2.45% 3.50% -1.17%
1.86% -21.71% 0.17% 1.86% -21.71%
2.05% 6.51% -4.43% 2.05% 6.51%
-1.44% -11.78% -2.62% -1.44% -11.78%
7.00% 9.43% 0.03% 7.00% 9.43%
2.00% 6.00% 6.51% 2.00% 6.00%
1.15% -5.36% -0.75% 1.15% -5.36%
-1.89% -2.46% -3.47% -1.89% -2.46%
8.50% 18.18% 4.19% 8.50% 18.18%
6.40% 35.47% 6.82% 6.40% 35.47%
-0.36% 37.16% 1.84% -0.36% 37.16%
5.64% -14.45% -3.49% 5.64% -14.45%
-7.82% -58.81% 5.21% -7.82% -58.81%
-1.03% -58.42% 2.86% -1.03% -58.42%
6.18% 0.00% -5.55% 6.18% 0.00%
 15.69% -0.20% 0.73% 15.69% -0.20%
2.91% 0.40% 5.44% 2.91% 0.40%
2.11% 0.30% 0.33% 2.11% 0.30%
2.77% 0.20% 9.72% 2.77% 0.20%
0.34% 1.11% 0.24% 0.34% 1.11%
-5.96% 0.10% 1.51% -5.96% 0.10%
-4.10% -4.34% 0.08% -4.10% -4.34%
-3.44% 4.75% 4.15% -3.44% 4.75%
5.27% -0.10% 0.17% 5.27% -0.10%
-3.66% 1.02% 4.52% -3.66% 1.02%
4.80% 1.34% 5.17% 4.80% 1.34%
-8.24% 0.10% -3.55% -8.24% 0.10%
-0.74% 0.52% 1.10% -0.74% 0.52%
1.64% -0.31% 7.19% 1.64% -0.31%
8.19% -1.23% -0.24% 8.19% -1.23%
13.75% 2.31% -1.11% 13.75% 2.31%
1.49% 0.53% 7.82% 1.49% 0.53%
-3.22% 0.00% 5.25% -3.22% 0.00%
6.99% 0.00% 8.94% 6.99% 0.00%

1.84% -0.70% 1.66% 1.84% -0.70%

0.43% 5.81% 0.19% 0.43% 5.81%

6.57% 24.11% 4.36% 6.57% 24.11%

19.63% 131.67% 10.79% 19.63% 131.67%

-13.02% -58.81% -9.95% -13.02% -58.81%

 PRECIOS AJUSTADOS USD
PROBABILIDADES RETORNOS MENSUA
PERIODO PFE MSFT PHM
8/1/2016 37.002415 56.229542 1.24 PFE
7/1/2016 36.585876 56.328922 1.25 1/59 1.14%
6/1/2016 34.919727 50.85305 1.219487 1/59 4.77%
5/2/2016 34.413933 52.671715 1.249231 1/59 1.47%
4/1/2016 32.152405 49.216858 1.27866 1/59 7.03%
3/1/2016 29.134739 54.50666 1.239316 1/59 10.36%
2/1/2016 29.164228 50.213631 1.405466 1/59 -0.10%
1/4/2016 29.671938 53.980919 1.259064 1/59 -1.71%
12/1/2015 31.41391 54.363068 1.366426 1/59 -5.55%
11/2/2015 31.890764 53.255814 1.268824 1/59 -1.50%
10/1/2015 32.649067 51.234901 1.659231 1/59 -2.32%
9/1/2015 30.322508 43.078587 1.570882 1/59 7.67%
8/3/2015 31.104465 42.358341 1.105436 1/59 -2.51%
7/1/2015 34.541584 45.155685 1.454521 1/59 -9.95%
6/1/2015 32.118114 42.690014 1.66785 1/59 7.55%
5/1/2015 33.286743 45.310394 1.774245 1/59 -3.51%
4/1/2015 32.234554 46.727848 2.044238 1/59 3.26%
3/2/2015 33.051582 39.061562 1.938169 1/59 -2.47%
2/2/2015 32.605068 42.126156 2.536013 1/59 1.37%
1/2/2015 29.42886 38.537525 2.478157 1/59 10.79%
12/1/2014 29.334688 44.308617 2.671009 1/59 0.32%
11/3/2014 29.334688 45.605919 1.152954 1/59 0.00%
10/1/2014 27.96244 44.504864 1.354721 1/59 4.91%
9/2/2014 27.607656 43.945591 2.161297 1/59 1.29%
8/1/2014 27.439602 43.064022 2.199549 1/59 0.61%
7/1/2014 26.795393 40.658302 2.419504 1/59 2.40%
6/2/2014 27.468021 39.282928 2.448194 1/59 -2.45%
5/1/2014 27.421745 38.566978 3.127186 1/59 0.17%
4/1/2014 28.693029 37.791672 2.93592 1/59 -4.43%
3/3/2014 29.463556 38.343578 3.328014 1/59 -2.62%
2/3/2014 29.454384 35.836609 3.041116 1/59 0.03%
1/2/2014 27.655197 35.133499 2.868978 1/59 6.51%
12/2/2013 27.864431 34.734253 3.031553 1/59 -0.75%
11/1/2013 28.865112 35.402756 3.108059 1/59 -3.47%
10/1/2013 27.704529 32.629837 2.629896 1/59 4.19%
9/3/2013 25.935194 30.667072 1.941342 1/59 6.82%
8/1/2013 25.465778 30.777653 1.415362 1/59 1.84%
7/1/2013 26.386555 29.13483 1.654444 1/59 -3.49%
6/3/2013 25.080704 31.605436 4.016569 1/59 5.21%
5/1/2013 24.382275 31.934851 9.658892 1/59 2.86%
 4/1/2013 25.81465 30.076874 9.658892 1/59 -5.55%
3/1/2013 25.628168 25.996962 9.678018 1/59 0.73%
2/1/2013 24.305023 25.260939 9.639765 1/59 5.44%
1/2/2013 24.225101 24.738092 9.611075 1/59 0.33%
12/3/2012 22.078497 24.071199 9.591949 1/59 9.72%
11/1/2012 22.025679 23.990091 9.486753 1/59 0.24%
10/1/2012 21.698706 25.510778 9.477189 1/59 1.51%
9/4/2012 21.681255 26.601288 9.907536 1/59 0.08%
8/1/2012 20.817495 27.548779 9.458063 1/59 4.15%
7/2/2012 20.782597 26.168709 9.467626 1/59 0.17%
6/1/2012 19.883514 27.163244 9.371994 1/59 4.52%
5/1/2012 18.90663 25.920074 9.247671 1/59 5.17%
4/2/2012 19.602802 28.247702 9.238108 1/59 -3.55%
3/1/2012 19.388798 28.459425 9.190291 1/59 1.10%
2/1/2012 18.08765 28.000687 9.218982 1/59 7.19%
1/3/2012 18.130451 25.880671 9.333741 1/59 -0.24%
12/1/2011 18.333784 22.75185 9.123349 1/59 -1.11%
11/1/2011 17.003653 22.418812 9.075533 1/59 7.82%
10/3/2011 16.154802 23.164619 9.075533 1/59 5.25%
9/1/2011 14.829537 21.651047 9.075533 1/59 8.94%
100%

Retorno Esperado 1.66%

Varianza 0.19%

Desviacion Standard 4.36%

Coheficiente de Variacion 2.64

Desempeño 0.38
 RETORNOS MENSUALES
RETORNOS MENSUALES
PFE MSFT PHM
MSFT PHM
-0.18% -0.80% 1.14% -0.18% -0.80%
10.77% 2.50% 4.77% 10.77% 2.50%
-3.45% -2.38% 1.47% -3.45% -2.38%
7.02% -2.30% 7.03% 7.02% -2.30%
-9.70% 3.17% 10.36% -9.70% 3.17%
8.55% -11.82% -0.10% 8.55% -11.82%
-6.98% 11.63% -1.71% -6.98% 11.63%
-0.70% -7.86% -5.55% -0.70% -7.86%
2.08% 7.69% -1.50% 2.08% 7.69%
3.94% -23.53% -2.32% 3.94% -23.53%
18.93% 5.62% 7.67% 18.93% 5.62%
1.70% 42.11% -2.51% 1.70% 42.11%
-6.19% -24.00% -9.95% -6.19% -24.00%
5.78% -12.79% 7.55% 5.78% -12.79%
-5.78% -6.00% -3.51% -5.78% -6.00%
-3.03% -13.21% 3.26% -3.03% -13.21%
19.63% 5.47% -2.47% 19.63% 5.47%
-7.27% -23.57% 1.37% -7.27% -23.57%
9.31% 2.33% 10.79% 9.31% 2.33%
-13.02% -7.22% 0.32% -13.02% -7.22%
-2.84% 131.67% 0.00% -2.84% 131.67%
2.47% -14.89% 4.91% 2.47% -14.89%
1.27% -37.32% 1.29% 1.27% -37.32%
2.05% -1.74% 0.61% 2.05% -1.74%
5.92% -9.09% 2.40% 5.92% -9.09%
3.50% -1.17% -2.45% 3.50% -1.17%
1.86% -21.71% 0.17% 1.86% -21.71%
2.05% 6.51% -4.43% 2.05% 6.51%
-1.44% -11.78% -2.62% -1.44% -11.78%
7.00% 9.43% 0.03% 7.00% 9.43%
2.00% 6.00% 6.51% 2.00% 6.00%
1.15% -5.36% -0.75% 1.15% -5.36%
-1.89% -2.46% -3.47% -1.89% -2.46%
8.50% 18.18% 4.19% 8.50% 18.18%
6.40% 35.47% 6.82% 6.40% 35.47%
-0.36% 37.16% 1.84% -0.36% 37.16%
5.64% -14.45% -3.49% 5.64% -14.45%
-7.82% -58.81% 5.21% -7.82% -58.81%
-1.03% -58.42% 2.86% -1.03% -58.42%
 6.18% 0.00% -5.55% 6.18% 0.00%
15.69% -0.20% 0.73% 15.69% -0.20%
2.91% 0.40% 5.44% 2.91% 0.40%
2.11% 0.30% 0.33% 2.11% 0.30%
2.77% 0.20% 9.72% 2.77% 0.20%
0.34% 1.11% 0.24% 0.34% 1.11%
-5.96% 0.10% 1.51% -5.96% 0.10%
-4.10% -4.34% 0.08% -4.10% -4.34%
-3.44% 4.75% 4.15% -3.44% 4.75%
5.27% -0.10% 0.17% 5.27% -0.10%
-3.66% 1.02% 4.52% -3.66% 1.02%
4.80% 1.34% 5.17% 4.80% 1.34%
-8.24% 0.10% -3.55% -8.24% 0.10%
-0.74% 0.52% 1.10% -0.74% 0.52%
1.64% -0.31% 7.19% 1.64% -0.31%
8.19% -1.23% -0.24% 8.19% -1.23%
13.75% 2.31% -1.11% 13.75% 2.31%
1.49% 0.53% 7.82% 1.49% 0.53%
-3.22% 0.00% 5.25% -3.22% 0.00%
6.99% 0.00% 8.94% 6.99% 0.00%

1.84% -0.70% 1.66% 1.84% -0.70%

0.43% 5.81% 0.19% 0.43% 5.81%

6.57% 24.11% 4.36% 6.57% 24.11%

3.57 (34.50)

0.28 (0.03)
 PRECIOS AJUSTADOS USD
PROBABILIDADES RETORNOS MENSUALE
PERIODO PFE MSFT PHM
8/1/2016 37.002415 56.229542 1.24 PFE
7/1/2016 36.585876 56.328922 1.25 1/59 1.14%
6/1/2016 34.919727 50.85305 1.219487 1/59 4.77%
5/2/2016 34.413933 52.671715 1.249231 1/59 1.47%
4/1/2016 32.152405 49.216858 1.27866 1/59 7.03%

3/1/2016 29.134739 54.50666 1.239316 1/59 10.36%

2/1/2016 29.164228 50.213631 1.405466 1/59 -0.10%
1/4/2016 29.671938 53.980919 1.259064 1/59 -1.71%
12/1/2015 31.41391 54.363068 1.366426 1/59 -5.55%
11/2/2015 31.890764 53.255814 1.268824 1/59 -1.50%
10/1/2015 32.649067 51.234901 1.659231 1/59 -2.32%

9/1/2015 30.322508 43.078587 1.570882 1/59 7.67%

8/3/2015 31.104465 42.358341 1.105436 1/59 -2.51%
7/1/2015 34.541584 45.155685 1.454521 1/59 -9.95%

6/1/2015 32.118114 42.690014 1.66785 1/59 7.55%

5/1/2015 33.286743 45.310394 1.774245 1/59 -3.51%

4/1/2015 32.234554 46.727848 2.044238 1/59 3.26%
3/2/2015 33.051582 39.061562 1.938169 1/59 -2.47%
2/2/2015 32.605068 42.126156 2.536013 1/59 1.37%
1/2/2015 29.42886 38.537525 2.478157 1/59 10.79%
12/1/2014 29.334688 44.308617 2.671009 1/59 0.32%
11/3/2014 29.334688 45.605919 1.152954 1/59 0.00%
10/1/2014 27.96244 44.504864 1.354721 1/59 4.91%
9/2/2014 27.607656 43.945591 2.161297 1/59 1.29%
8/1/2014 27.439602 43.064022 2.199549 1/59 0.61%
7/1/2014 26.795393 40.658302 2.419504 1/59 2.40%
6/2/2014 27.468021 39.282928 2.448194 1/59 -2.45%
5/1/2014 27.421745 38.566978 3.127186 1/59 0.17%
4/1/2014 28.693029 37.791672 2.93592 1/59 -4.43%
3/3/2014 29.463556 38.343578 3.328014 1/59 -2.62%
2/3/2014 29.454384 35.836609 3.041116 1/59 0.03%
1/2/2014 27.655197 35.133499 2.868978 1/59 6.51%
12/2/2013 27.864431 34.734253 3.031553 1/59 -0.75%
11/1/2013 28.865112 35.402756 3.108059 1/59 -3.47%
10/1/2013 27.704529 32.629837 2.629896 1/59 4.19%
9/3/2013 25.935194 30.667072 1.941342 1/59 6.82%
8/1/2013 25.465778 30.777653 1.415362 1/59 1.84%
 7/1/2013 26.386555 29.13483 1.654444 1/59 -3.49%
6/3/2013 25.080704 31.605436 4.016569 1/59 5.21%
5/1/2013 24.382275 31.934851 9.658892 1/59 2.86%
4/1/2013 25.81465 30.076874 9.658892 1/59 -5.55%
3/1/2013 25.628168 25.996962 9.678018 1/59 0.73%
2/1/2013 24.305023 25.260939 9.639765 1/59 5.44%
1/2/2013 24.225101 24.738092 9.611075 1/59 0.33%
12/3/2012 22.078497 24.071199 9.591949 1/59 9.72%
11/1/2012 22.025679 23.990091 9.486753 1/59 0.24%
10/1/2012 21.698706 25.510778 9.477189 1/59 1.51%
9/4/2012 21.681255 26.601288 9.907536 1/59 0.08%
8/1/2012 20.817495 27.548779 9.458063 1/59 4.15%
7/2/2012 20.782597 26.168709 9.467626 1/59 0.17%
6/1/2012 19.883514 27.163244 9.371994 1/59 4.52%
5/1/2012 18.90663 25.920074 9.247671 1/59 5.17%
4/2/2012 19.602802 28.247702 9.238108 1/59 -3.55%
3/1/2012 19.388798 28.459425 9.190291 1/59 1.10%
2/1/2012 18.08765 28.000687 9.218982 1/59 7.19%
1/3/2012 18.130451 25.880671 9.333741 1/59 -0.24%
12/1/2011 18.333784 22.75185 9.123349 1/59 -1.11%
11/1/2011 17.003653 22.418812 9.075533 1/59 7.82%
10/3/2011 16.154802 23.164619 9.075533 1/59 5.25%
9/1/2011 14.829537 21.651047 9.075533 1/59 8.94%
100%

Retorno Esperado 1.66%

Varianza

Desviacion Standard

Retorno Maximo 10.79%

Coheficiente de Variacion

Retorno Minimo -9.95%

Desempeño
 Portafolio de 2 activos

RETORNOS MENSUALES
RETORNOS MENSUALES WA
PFE MSFT PHM WB
MSFT PHM
-0.18% -0.80% 1.14% -0.18% -0.80%
10.77% 2.50% 4.77% 10.77% 2.50%
-3.45% -2.38% 1.47% -3.45% -2.38%
C
7.02% -2.30% 7.03% 7.02% -2.30%
-9.70% 3.17% 10.36% -9.70% 3.17%
8.55% -11.82% -0.10% 8.55% -11.82%
-6.98% 11.63% -1.71% -6.98% 11.63%
-0.70% -7.86% -5.55% -0.70% -7.86%
2.08% 7.69% -1.50% 2.08% 7.69%
3.94% -23.53% -2.32% 3.94% -23.53%
18.93% 5.62% 7.67% 18.93% 5.62%
1.70% 42.11% -2.51% 1.70% 42.11%
-6.19% -24.00% -9.95% -6.19% -24.00%
5.78% -12.79% 7.55% 5.78% -12.79% WA * WA * Ϭ A.A
-5.78% -6.00% -3.51% -5.78% -6.00% WA * WB * Ϭ A.B
-3.03% -13.21% 3.26% -3.03% -13.21%
19.63% 5.47% -2.47% 19.63% 5.47%
-7.27% -23.57% 1.37% -7.27% -23.57%
9.31% 2.33% 10.79% 9.31% 2.33% Covarianza
-13.02% -7.22% 0.32% -13.02% -7.22%
-2.84% 131.67% 0.00% -2.84% 131.67% PFE
2.47% -14.89% 4.91% 2.47% -14.89% MSFT
1.27% -37.32% 1.29% 1.27% -37.32% PHM
2.05% -1.74% 0.61% 2.05% -1.74%
5.92% -9.09% 2.40% 5.92% -9.09% Correlacion
3.50% -1.17% -2.45% 3.50% -1.17%
1.86% -21.71% 0.17% 1.86% -21.71% PFE
2.05% 6.51% -4.43% 2.05% 6.51% MSFT
-1.44% -11.78% -2.62% -1.44% -11.78% PHM
7.00% 9.43% 0.03% 7.00% 9.43%
2.00% 6.00% 6.51% 2.00% 6.00%
1.15% -5.36% -0.75% 1.15% -5.36%
-1.89% -2.46% -3.47% -1.89% -2.46%
8.50% 18.18% 4.19% 8.50% 18.18%
6.40% 35.47% 6.82% 6.40% 35.47%
-0.36% 37.16% 1.84% -0.36% 37.16%
 5.64% -14.45% -3.49% 5.64% -14.45%
-7.82% -58.81% 5.21% -7.82% -58.81%
-1.03% -58.42% 2.86% -1.03% -58.42%
6.18% 0.00% -5.55% 6.18% 0.00%
15.69% -0.20% 0.73% 15.69% -0.20%
2.91% 0.40% 5.44% 2.91% 0.40%
2.11% 0.30% 0.33% 2.11% 0.30%
2.77% 0.20% 9.72% 2.77% 0.20%
0.34% 1.11% 0.24% 0.34% 1.11%
-5.96% 0.10% 1.51% -5.96% 0.10%
-4.10% -4.34% 0.08% -4.10% -4.34%
-3.44% 4.75% 4.15% -3.44% 4.75%
5.27% -0.10% 0.17% 5.27% -0.10%
-3.66% 1.02% 4.52% -3.66% 1.02%
4.80% 1.34% 5.17% 4.80% 1.34%
-8.24% 0.10% -3.55% -8.24% 0.10%
-0.74% 0.52% 1.10% -0.74% 0.52%
1.64% -0.31% 7.19% 1.64% -0.31%
8.19% -1.23% -0.24% 8.19% -1.23%
13.75% 2.31% -1.11% 13.75% 2.31%
1.49% 0.53% 7.82% 1.49% 0.53%
-3.22% 0.00% 5.25% -3.22% 0.00%
6.99% 0.00% 8.94% 6.99% 0.00%

1.84% -0.70% 1.66% 1.84% -0.70%

0.19% 0.43% 5.81%

0.0436 0.0657 0.2411

19.63% 131.67%

2.64 3.57 (34.50)

-13.02% -58.81%

0.38 0.28 (0.03)

ortafolio de 2 activos
Retorno esperado del portafolio
50%
PFE
50%
MSFT
100%

Chart Title

Ṝp= WA ṜA + WB ṜB
PFE
MSFT
Retorno esperado p

Riesgo del portafolio

WA * WA * Ϭ A.A WA * WB * Ϭ A.B 0.048% 0.011% Varianza

WA * WB * Ϭ A.B WB * WB * Ϭ B.B 0.011% 0.108% Desviacion estandar

Desempeño

Covarianza
PFE MSFT PHM
0.19%
0.04% 0.43%
0.02% 0.15% 5.81%

Correlacion
PFE MSFT PHM
1
0.14698952 1
0.01658089 0.09724371 1
ado del portafolio

WA ṜA + WB ṜB
1.75%

0.18%
4.20%

0.42
 PRECIOS AJUSTADOS USD
PROBABILIDADES RETORNOS MENSUALE
PERIODO PFE MSFT PHM
8/1/2016 37.002415 56.229542 1.24 PFE
7/1/2016 36.585876 56.328922 1.25 1/59 1.14%
6/1/2016 34.919727 50.85305 1.219487 1/59 4.77%
5/2/2016 34.413933 52.671715 1.249231 1/59 1.47%
4/1/2016 32.152405 49.216858 1.27866 1/59 7.03%

3/1/2016 29.134739 54.50666 1.239316 1/59 10.36%

2/1/2016 29.164228 50.213631 1.405466 1/59 -0.10%
1/4/2016 29.671938 53.980919 1.259064 1/59 -1.71%
12/1/2015 31.41391 54.363068 1.366426 1/59 -5.55%
11/2/2015 31.890764 53.255814 1.268824 1/59 -1.50%
10/1/2015 32.649067 51.234901 1.659231 1/59 -2.32%

9/1/2015 30.322508 43.078587 1.570882 1/59 7.67%

8/3/2015 31.104465 42.358341 1.105436 1/59 -2.51%
7/1/2015 34.541584 45.155685 1.454521 1/59 -9.95%

6/1/2015 32.118114 42.690014 1.66785 1/59 7.55%

5/1/2015 33.286743 45.310394 1.774245 1/59 -3.51%

4/1/2015 32.234554 46.727848 2.044238 1/59 3.26%
3/2/2015 33.051582 39.061562 1.938169 1/59 -2.47%
2/2/2015 32.605068 42.126156 2.536013 1/59 1.37%
1/2/2015 29.42886 38.537525 2.478157 1/59 10.79%
12/1/2014 29.334688 44.308617 2.671009 1/59 0.32%
11/3/2014 29.334688 45.605919 1.152954 1/59 0.00%
10/1/2014 27.96244 44.504864 1.354721 1/59 4.91%
9/2/2014 27.607656 43.945591 2.161297 1/59 1.29%
8/1/2014 27.439602 43.064022 2.199549 1/59 0.61%
7/1/2014 26.795393 40.658302 2.419504 1/59 2.40%
6/2/2014 27.468021 39.282928 2.448194 1/59 -2.45%
5/1/2014 27.421745 38.566978 3.127186 1/59 0.17%
4/1/2014 28.693029 37.791672 2.93592 1/59 -4.43%
3/3/2014 29.463556 38.343578 3.328014 1/59 -2.62%
2/3/2014 29.454384 35.836609 3.041116 1/59 0.03%
1/2/2014 27.655197 35.133499 2.868978 1/59 6.51%
12/2/2013 27.864431 34.734253 3.031553 1/59 -0.75%
11/1/2013 28.865112 35.402756 3.108059 1/59 -3.47%
10/1/2013 27.704529 32.629837 2.629896 1/59 4.19%
9/3/2013 25.935194 30.667072 1.941342 1/59 6.82%
8/1/2013 25.465778 30.777653 1.415362 1/59 1.84%
 7/1/2013 26.386555 29.13483 1.654444 1/59 -3.49%
6/3/2013 25.080704 31.605436 4.016569 1/59 5.21%
5/1/2013 24.382275 31.934851 9.658892 1/59 2.86%
4/1/2013 25.81465 30.076874 9.658892 1/59 -5.55%
3/1/2013 25.628168 25.996962 9.678018 1/59 0.73%
2/1/2013 24.305023 25.260939 9.639765 1/59 5.44%
1/2/2013 24.225101 24.738092 9.611075 1/59 0.33%
12/3/2012 22.078497 24.071199 9.591949 1/59 9.72%
11/1/2012 22.025679 23.990091 9.486753 1/59 0.24%
10/1/2012 21.698706 25.510778 9.477189 1/59 1.51%
9/4/2012 21.681255 26.601288 9.907536 1/59 0.08%
8/1/2012 20.817495 27.548779 9.458063 1/59 4.15%
7/2/2012 20.782597 26.168709 9.467626 1/59 0.17%
6/1/2012 19.883514 27.163244 9.371994 1/59 4.52%
5/1/2012 18.90663 25.920074 9.247671 1/59 5.17%
4/2/2012 19.602802 28.247702 9.238108 1/59 -3.55%
3/1/2012 19.388798 28.459425 9.190291 1/59 1.10%
2/1/2012 18.08765 28.000687 9.218982 1/59 7.19%
1/3/2012 18.130451 25.880671 9.333741 1/59 -0.24%
12/1/2011 18.333784 22.75185 9.123349 1/59 -1.11%
11/1/2011 17.003653 22.418812 9.075533 1/59 7.82%
10/3/2011 16.154802 23.164619 9.075533 1/59 5.25%
9/1/2011 14.829537 21.651047 9.075533 1/59 8.94%
100%

Retorno Esperado 1.66%

Varianza

Desviacion Standard

Retorno Maximo 10.79%

Coheficiente de Variacion

Retorno Minimo -9.95%

Desempeño
 Portafolio de 2 activos

RETORNOS MENSUALES
RETORNOS MENSUALES WA
PFE MSFT PHM WB
MSFT PHM
-0.18% -0.80% 1.14% -0.18% -0.80%
10.77% 2.50% 4.77% 10.77% 2.50%
-3.45% -2.38% 1.47% -3.45% -2.38%
7.02% -2.30% 7.03% 7.02% -2.30%
-9.70% 3.17% 10.36% -9.70% 3.17%
8.55% -11.82% -0.10% 8.55% -11.82%
-6.98% 11.63% -1.71% -6.98% 11.63%
-0.70% -7.86% -5.55% -0.70% -7.86%
2.08% 7.69% -1.50% 2.08% 7.69%
3.94% -23.53% -2.32% 3.94% -23.53%
18.93% 5.62% 7.67% 18.93% 5.62%
1.70% 42.11% -2.51% 1.70% 42.11%
-6.19% -24.00% -9.95% -6.19% -24.00%
5.78% -12.79% 7.55% 5.78% -12.79% WA * WA * Ϭ A.A
-5.78% -6.00% -3.51% -5.78% -6.00% WA * WB * Ϭ A.B
-3.03% -13.21% 3.26% -3.03% -13.21%
19.63% 5.47% -2.47% 19.63% 5.47%
-7.27% -23.57% 1.37% -7.27% -23.57%
9.31% 2.33% 10.79% 9.31% 2.33% Covarianza
-13.02% -7.22% 0.32% -13.02% -7.22%
-2.84% 131.67% 0.00% -2.84% 131.67% PFE
2.47% -14.89% 4.91% 2.47% -14.89% MSFT
1.27% -37.32% 1.29% 1.27% -37.32% PHM
2.05% -1.74% 0.61% 2.05% -1.74%
5.92% -9.09% 2.40% 5.92% -9.09% Correlacion
3.50% -1.17% -2.45% 3.50% -1.17%
1.86% -21.71% 0.17% 1.86% -21.71% PFE
2.05% 6.51% -4.43% 2.05% 6.51% MSFT
-1.44% -11.78% -2.62% -1.44% -11.78% PHM
7.00% 9.43% 0.03% 7.00% 9.43%
2.00% 6.00% 6.51% 2.00% 6.00%
1.15% -5.36% -0.75% 1.15% -5.36%
-1.89% -2.46% -3.47% -1.89% -2.46%
8.50% 18.18% 4.19% 8.50% 18.18%
6.40% 35.47% 6.82% 6.40% 35.47%
-0.36% 37.16% 1.84% -0.36% 37.16%
 5.64% -14.45% -3.49% 5.64% -14.45%
-7.82% -58.81% 5.21% -7.82% -58.81%
-1.03% -58.42% 2.86% -1.03% -58.42%
6.18% 0.00% -5.55% 6.18% 0.00%
15.69% -0.20% 0.73% 15.69% -0.20%
2.91% 0.40% 5.44% 2.91% 0.40%
2.11% 0.30% 0.33% 2.11% 0.30%
2.77% 0.20% 9.72% 2.77% 0.20%
0.34% 1.11% 0.24% 0.34% 1.11%
-5.96% 0.10% 1.51% -5.96% 0.10%
-4.10% -4.34% 0.08% -4.10% -4.34%
-3.44% 4.75% 4.15% -3.44% 4.75%
5.27% -0.10% 0.17% 5.27% -0.10%
-3.66% 1.02% 4.52% -3.66% 1.02%
4.80% 1.34% 5.17% 4.80% 1.34%
-8.24% 0.10% -3.55% -8.24% 0.10%
-0.74% 0.52% 1.10% -0.74% 0.52%
1.64% -0.31% 7.19% 1.64% -0.31%
8.19% -1.23% -0.24% 8.19% -1.23%
13.75% 2.31% -1.11% 13.75% 2.31%
1.49% 0.53% 7.82% 1.49% 0.53%
-3.22% 0.00% 5.25% -3.22% 0.00%
6.99% 0.00% 8.94% 6.99% 0.00%

1.84% -0.70% 1.66% 1.84% -0.70%

0.19% 0.43% 5.81%

0.0436 0.0657 0.2411

19.63% 131.67%

2.64 3.57 (34.50)

-13.02% -58.81%

0.38 0.28 (0.03)

ortafolio de 2 activos
Retorno esperado del portafolio
72%
PFE
28%
MSFT
100%

Portafolio de Inversion

Ṝp= WA ṜA + WB ṜB
PFE
MSFT
Retorno esperado p

Riesgo del portafolio

WA * WA * Ϭ A.A WA * WB * Ϭ A.B 0.100% 0.008% Varianza

WA * WB * Ϭ A.B WB * WB * Ϭ B.B 0.008% 0.033% Desviacion estandar

Desempeño

Covarianza
PFE MSFT PHM
0.19%
0.04% 0.43%
0.02% 0.15% 5.81%

Correlacion
PFE MSFT PHM
1
0.14698952 1
0.01658089 0.09724371 1
ado del portafolio

WA ṜA + WB ṜB
1.71%

0.15%
3.87% CMV

0.44
 PRECIOS AJUSTADOS USD
PROBABILIDADES RETORNOS MENSUALE
PERIODO PFE MSFT PHM
8/1/2016 37.002415 56.229542 1.24 PFE
7/1/2016 36.585876 56.328922 1.25 1/59 1.14%
6/1/2016 34.919727 50.85305 1.219487 1/59 4.77%
5/2/2016 34.413933 52.671715 1.249231 1/59 1.47%
4/1/2016 32.152405 49.216858 1.27866 1/59 7.03%

3/1/2016 29.134739 54.50666 1.239316 1/59 10.36%

2/1/2016 29.164228 50.213631 1.405466 1/59 -0.10%
1/4/2016 29.671938 53.980919 1.259064 1/59 -1.71%
12/1/2015 31.41391 54.363068 1.366426 1/59 -5.55%
11/2/2015 31.890764 53.255814 1.268824 1/59 -1.50%
10/1/2015 32.649067 51.234901 1.659231 1/59 -2.32%

9/1/2015 30.322508 43.078587 1.570882 1/59 7.67%

8/3/2015 31.104465 42.358341 1.105436 1/59 -2.51%
7/1/2015 34.541584 45.155685 1.454521 1/59 -9.95%

6/1/2015 32.118114 42.690014 1.66785 1/59 7.55%

5/1/2015 33.286743 45.310394 1.774245 1/59 -3.51%

4/1/2015 32.234554 46.727848 2.044238 1/59 3.26%
3/2/2015 33.051582 39.061562 1.938169 1/59 -2.47%
2/2/2015 32.605068 42.126156 2.536013 1/59 1.37%
1/2/2015 29.42886 38.537525 2.478157 1/59 10.79%
12/1/2014 29.334688 44.308617 2.671009 1/59 0.32%
11/3/2014 29.334688 45.605919 1.152954 1/59 0.00%
10/1/2014 27.96244 44.504864 1.354721 1/59 4.91%
9/2/2014 27.607656 43.945591 2.161297 1/59 1.29%
8/1/2014 27.439602 43.064022 2.199549 1/59 0.61%
7/1/2014 26.795393 40.658302 2.419504 1/59 2.40%
6/2/2014 27.468021 39.282928 2.448194 1/59 -2.45%
5/1/2014 27.421745 38.566978 3.127186 1/59 0.17%
4/1/2014 28.693029 37.791672 2.93592 1/59 -4.43%
3/3/2014 29.463556 38.343578 3.328014 1/59 -2.62%
2/3/2014 29.454384 35.836609 3.041116 1/59 0.03%
1/2/2014 27.655197 35.133499 2.868978 1/59 6.51%
12/2/2013 27.864431 34.734253 3.031553 1/59 -0.75%
11/1/2013 28.865112 35.402756 3.108059 1/59 -3.47%
10/1/2013 27.704529 32.629837 2.629896 1/59 4.19%
9/3/2013 25.935194 30.667072 1.941342 1/59 6.82%
8/1/2013 25.465778 30.777653 1.415362 1/59 1.84%
 7/1/2013 26.386555 29.13483 1.654444 1/59 -3.49%
6/3/2013 25.080704 31.605436 4.016569 1/59 5.21%
5/1/2013 24.382275 31.934851 9.658892 1/59 2.86%
4/1/2013 25.81465 30.076874 9.658892 1/59 -5.55%
3/1/2013 25.628168 25.996962 9.678018 1/59 0.73%
2/1/2013 24.305023 25.260939 9.639765 1/59 5.44%
1/2/2013 24.225101 24.738092 9.611075 1/59 0.33%
12/3/2012 22.078497 24.071199 9.591949 1/59 9.72%
11/1/2012 22.025679 23.990091 9.486753 1/59 0.24%
10/1/2012 21.698706 25.510778 9.477189 1/59 1.51%
9/4/2012 21.681255 26.601288 9.907536 1/59 0.08%
8/1/2012 20.817495 27.548779 9.458063 1/59 4.15%
7/2/2012 20.782597 26.168709 9.467626 1/59 0.17%
6/1/2012 19.883514 27.163244 9.371994 1/59 4.52%
5/1/2012 18.90663 25.920074 9.247671 1/59 5.17%
4/2/2012 19.602802 28.247702 9.238108 1/59 -3.55%
3/1/2012 19.388798 28.459425 9.190291 1/59 1.10%
2/1/2012 18.08765 28.000687 9.218982 1/59 7.19%
1/3/2012 18.130451 25.880671 9.333741 1/59 -0.24%
12/1/2011 18.333784 22.75185 9.123349 1/59 -1.11%
11/1/2011 17.003653 22.418812 9.075533 1/59 7.82%
10/3/2011 16.154802 23.164619 9.075533 1/59 5.25%
9/1/2011 14.829537 21.651047 9.075533 1/59 8.94%
100%

Retorno Esperado 1.66%

Varianza

Desviacion Standard

Retorno Maximo 10.79%

Coheficiente de Variacion

Retorno Minimo -9.95%

Desempeño
 Portafolio de 2 activos

RETORNOS MENSUALES
RETORNOS MENSUALES WA
PFE MSFT PHM WB
MSFT PHM
-0.18% -0.80% 1.14% -0.18% -0.80%
10.77% 2.50% 4.77% 10.77% 2.50%
-3.45% -2.38% 1.47% -3.45% -2.38%
7.02% -2.30% 7.03% 7.02% -2.30%
-9.70% 3.17% 10.36% -9.70% 3.17%
8.55% -11.82% -0.10% 8.55% -11.82%
-6.98% 11.63% -1.71% -6.98% 11.63%
-0.70% -7.86% -5.55% -0.70% -7.86%
2.08% 7.69% -1.50% 2.08% 7.69%
3.94% -23.53% -2.32% 3.94% -23.53%
18.93% 5.62% 7.67% 18.93% 5.62%
1.70% 42.11% -2.51% 1.70% 42.11%
-6.19% -24.00% -9.95% -6.19% -24.00%
5.78% -12.79% 7.55% 5.78% -12.79% WA * WA * Ϭ A.A
-5.78% -6.00% -3.51% -5.78% -6.00% WA * WB * Ϭ A.B
-3.03% -13.21% 3.26% -3.03% -13.21%
19.63% 5.47% -2.47% 19.63% 5.47%
-7.27% -23.57% 1.37% -7.27% -23.57%
9.31% 2.33% 10.79% 9.31% 2.33% Covarianza
-13.02% -7.22% 0.32% -13.02% -7.22%
-2.84% 131.67% 0.00% -2.84% 131.67% PFE
2.47% -14.89% 4.91% 2.47% -14.89% MSFT
1.27% -37.32% 1.29% 1.27% -37.32% PHM
2.05% -1.74% 0.61% 2.05% -1.74%
5.92% -9.09% 2.40% 5.92% -9.09% Correlacion
3.50% -1.17% -2.45% 3.50% -1.17%
1.86% -21.71% 0.17% 1.86% -21.71% PFE
2.05% 6.51% -4.43% 2.05% 6.51% MSFT
-1.44% -11.78% -2.62% -1.44% -11.78% PHM
7.00% 9.43% 0.03% 7.00% 9.43%
2.00% 6.00% 6.51% 2.00% 6.00%
1.15% -5.36% -0.75% 1.15% -5.36%
-1.89% -2.46% -3.47% -1.89% -2.46%
8.50% 18.18% 4.19% 8.50% 18.18%
6.40% 35.47% 6.82% 6.40% 35.47%
-0.36% 37.16% 1.84% -0.36% 37.16%
 5.64% -14.45% -3.49% 5.64% -14.45%
-7.82% -58.81% 5.21% -7.82% -58.81%
-1.03% -58.42% 2.86% -1.03% -58.42%
6.18% 0.00% -5.55% 6.18% 0.00%
15.69% -0.20% 0.73% 15.69% -0.20%
2.91% 0.40% 5.44% 2.91% 0.40%
2.11% 0.30% 0.33% 2.11% 0.30%
2.77% 0.20% 9.72% 2.77% 0.20%
0.34% 1.11% 0.24% 0.34% 1.11%
-5.96% 0.10% 1.51% -5.96% 0.10%
-4.10% -4.34% 0.08% -4.10% -4.34%
-3.44% 4.75% 4.15% -3.44% 4.75%
5.27% -0.10% 0.17% 5.27% -0.10%
-3.66% 1.02% 4.52% -3.66% 1.02%
4.80% 1.34% 5.17% 4.80% 1.34%
-8.24% 0.10% -3.55% -8.24% 0.10%
-0.74% 0.52% 1.10% -0.74% 0.52%
1.64% -0.31% 7.19% 1.64% -0.31%
8.19% -1.23% -0.24% 8.19% -1.23%
13.75% 2.31% -1.11% 13.75% 2.31%
1.49% 0.53% 7.82% 1.49% 0.53%
-3.22% 0.00% 5.25% -3.22% 0.00%
6.99% 0.00% 8.94% 6.99% 0.00%

1.84% -0.70% 1.66% 1.84% -0.70%

0.19% 0.43% 5.81%

0.0436 0.0657 0.2411

19.63% 131.67%

2.64 3.57 (34.50)

-13.02% -58.81%

0.38 0.28 (0.03)

ortafolio de 2 activos
Retorno esperado del portafolio
69%
PFE
31%
MSFT
100%

Portafolio de 2 Activos

Ṝp= WA ṜA + WB ṜB
30.56%
PFE
MSFT Retorno esperado p

69.44%

Riesgo del portafolio

WA * WA * Ϭ A.A WA * WB * Ϭ A.B 0.092% 0.009% Varianza

WA * WB * Ϭ A.B WB * WB * Ϭ B.B 0.009% 0.040% Desviacion estandar

Desempeño

Covarianza
PFE MSFT PHM
0.19%
0.04% 0.43%
0.02% 0.15% 5.81%

Correlacion
PFE MSFT PHM
1
0.14698952 1
0.01658089 0.09724371 1
ado del portafolio

WA ṜA + WB ṜB
1.71%

0.15%
3.87%

0.44
 PFE MSFT PHM
PFE 0.1904%
MSFT 0.0422% 0.4319%
PHM 0.0174% 0.1541% 5.8134%
 PFE MSFT PHM
PFE 1
MSFT 0.14698952 1
PHM 0.01658089 0.09724371 1
 PRECIOS AJUSTADOS USD
PROBABILIDADES RETORNOS MENSUALE
PERIODO PFE MSFT PHM

8/1/2016 37.002415 56.229542 1.24 PFE

7/1/2016 36.585876 56.328922 1.25 1/59 1.14%
6/1/2016 34.919727 50.85305 1.219487 1/59 4.77%
5/2/2016 34.413933 52.671715 1.249231 1/59 1.47%
4/1/2016 32.152405 49.216858 1.27866 1/59 7.03%

3/1/2016 29.134739 54.50666 1.239316 1/59 10.36%

2/1/2016 29.164228 50.213631 1.405466 1/59 -0.10%
1/4/2016 29.671938 53.980919 1.259064 1/59 -1.71%
12/1/2015 31.41391 54.363068 1.366426 1/59 -5.55%
11/2/2015 31.890764 53.255814 1.268824 1/59 -1.50%
10/1/2015 32.649067 51.234901 1.659231 1/59 -2.32%

9/1/2015 30.322508 43.078587 1.570882 1/59 7.67%

8/3/2015 31.104465 42.358341 1.105436 1/59 -2.51%
7/1/2015 34.541584 45.155685 1.454521 1/59 -9.95%

6/1/2015 32.118114 42.690014 1.66785 1/59 7.55%

5/1/2015 33.286743 45.310394 1.774245 1/59 -3.51%

4/1/2015 32.234554 46.727848 2.044238 1/59 3.26%

3/2/2015 33.051582 39.061562 1.938169 1/59 -2.47%
2/2/2015 32.605068 42.126156 2.536013 1/59 1.37%
1/2/2015 29.42886 38.537525 2.478157 1/59 10.79%
12/1/2014 29.334688 44.308617 2.671009 1/59 0.32%
11/3/2014 29.334688 45.605919 1.152954 1/59 0.00%
10/1/2014 27.96244 44.504864 1.354721 1/59 4.91%
9/2/2014 27.607656 43.945591 2.161297 1/59 1.29%
8/1/2014 27.439602 43.064022 2.199549 1/59 0.61%
7/1/2014 26.795393 40.658302 2.419504 1/59 2.40%
6/2/2014 27.468021 39.282928 2.448194 1/59 -2.45%
5/1/2014 27.421745 38.566978 3.127186 1/59 0.17%
4/1/2014 28.693029 37.791672 2.93592 1/59 -4.43%
3/3/2014 29.463556 38.343578 3.328014 1/59 -2.62%
2/3/2014 29.454384 35.836609 3.041116 1/59 0.03%
1/2/2014 27.655197 35.133499 2.868978 1/59 6.51%
12/2/2013 27.864431 34.734253 3.031553 1/59 -0.75%
11/1/2013 28.865112 35.402756 3.108059 1/59 -3.47%
10/1/2013 27.704529 32.629837 2.629896 1/59 4.19%
9/3/2013 25.935194 30.667072 1.941342 1/59 6.82%
8/1/2013 25.465778 30.777653 1.415362 1/59 1.84%
7/1/2013 26.386555 29.13483 1.654444 1/59 -3.49%
6/3/2013 25.080704 31.605436 4.016569 1/59 5.21%
5/1/2013 24.382275 31.934851 9.658892 1/59 2.86%
4/1/2013 25.81465 30.076874 9.658892 1/59 -5.55%
3/1/2013 25.628168 25.996962 9.678018 1/59 0.73%
2/1/2013 24.305023 25.260939 9.639765 1/59 5.44%
1/2/2013 24.225101 24.738092 9.611075 1/59 0.33%
12/3/2012 22.078497 24.071199 9.591949 1/59 9.72%
11/1/2012 22.025679 23.990091 9.486753 1/59 0.24%
10/1/2012 21.698706 25.510778 9.477189 1/59 1.51%
9/4/2012 21.681255 26.601288 9.907536 1/59 0.08%
8/1/2012 20.817495 27.548779 9.458063 1/59 4.15%
7/2/2012 20.782597 26.168709 9.467626 1/59 0.17%
6/1/2012 19.883514 27.163244 9.371994 1/59 4.52%
5/1/2012 18.90663 25.920074 9.247671 1/59 5.17%
4/2/2012 19.602802 28.247702 9.238108 1/59 -3.55%
3/1/2012 19.388798 28.459425 9.190291 1/59 1.10%
2/1/2012 18.08765 28.000687 9.218982 1/59 7.19%
1/3/2012 18.130451 25.880671 9.333741 1/59 -0.24%
12/1/2011 18.333784 22.75185 9.123349 1/59 -1.11%
11/1/2011 17.003653 22.418812 9.075533 1/59 7.82%
10/3/2011 16.154802 23.164619 9.075533 1/59 5.25%
9/1/2011 14.829537 21.651047 9.075533 1/59 8.94%
100%

Retorno Esperado 1.66%

Varianza

Desviacion Standard

Retorno Maximo 10.79%

Coheficiente de Variacion

Retorno Minimo -9.95%

Desempeño
 Portafolio de 3 activos

RETORNOS MENSUALES
RETORNOS MENSUALES WA
PFE MSFT PHM WB

MSFT PHM
-0.18% -0.80% 1.14% -0.18% -0.80%
10.77% 2.50% 4.77% 10.77% 2.50% Port
-3.45% -2.38% 1.47% -3.45% -2.38%
7.02% -2.30% 7.03% 7.02% -2.30%
-9.70% 3.17% 10.36% -9.70% 3.17%
33.33%
8.55% -11.82% -0.10% 8.55% -11.82%
-6.98% 11.63% -1.71% -6.98% 11.63%
-0.70% -7.86% -5.55% -0.70% -7.86%
2.08% 7.69% -1.50% 2.08% 7.69%
3.94% -23.53% -2.32% 3.94% -23.53%
18.93% 5.62% 7.67% 18.93% 5.62%
1.70% 42.11% -2.51% 1.70% 42.11%
-6.19% -24.00% -9.95% -6.19% -24.00%
5.78% -12.79% 7.55% 5.78% -12.79% WA * WA * Ϭ A.A
-5.78% -6.00% -3.51% -5.78% -6.00% WA * WB * Ϭ A.B
-3.03% -13.21% 3.26% -3.03% -13.21% WC * WC * Ϭ C.C
19.63% 5.47% -2.47% 19.63% 5.47%
-7.27% -23.57% 1.37% -7.27% -23.57%
9.31% 2.33% 10.79% 9.31% 2.33% Covarianza
-13.02% -7.22% 0.32% -13.02% -7.22%
-2.84% 131.67% 0.00% -2.84% 131.67% PFE
2.47% -14.89% 4.91% 2.47% -14.89% MSFT
1.27% -37.32% 1.29% 1.27% -37.32% PHM
2.05% -1.74% 0.61% 2.05% -1.74%
5.92% -9.09% 2.40% 5.92% -9.09% Correlacion
3.50% -1.17% -2.45% 3.50% -1.17%
1.86% -21.71% 0.17% 1.86% -21.71% PFE
2.05% 6.51% -4.43% 2.05% 6.51% MSFT
-1.44% -11.78% -2.62% -1.44% -11.78% PHM
7.00% 9.43% 0.03% 7.00% 9.43%
2.00% 6.00% 6.51% 2.00% 6.00%
1.15% -5.36% -0.75% 1.15% -5.36%
-1.89% -2.46% -3.47% -1.89% -2.46%
 8.50% 18.18% 4.19% 8.50% 18.18%
6.40% 35.47% 6.82% 6.40% 35.47%
-0.36% 37.16% 1.84% -0.36% 37.16%
5.64% -14.45% -3.49% 5.64% -14.45%
-7.82% -58.81% 5.21% -7.82% -58.81%
-1.03% -58.42% 2.86% -1.03% -58.42%
6.18% 0.00% -5.55% 6.18% 0.00%
15.69% -0.20% 0.73% 15.69% -0.20%
2.91% 0.40% 5.44% 2.91% 0.40%
2.11% 0.30% 0.33% 2.11% 0.30%
2.77% 0.20% 9.72% 2.77% 0.20%
0.34% 1.11% 0.24% 0.34% 1.11%
-5.96% 0.10% 1.51% -5.96% 0.10%
-4.10% -4.34% 0.08% -4.10% -4.34%
-3.44% 4.75% 4.15% -3.44% 4.75%
5.27% -0.10% 0.17% 5.27% -0.10%
-3.66% 1.02% 4.52% -3.66% 1.02%
4.80% 1.34% 5.17% 4.80% 1.34%
-8.24% 0.10% -3.55% -8.24% 0.10%
-0.74% 0.52% 1.10% -0.74% 0.52%
1.64% -0.31% 7.19% 1.64% -0.31%
8.19% -1.23% -0.24% 8.19% -1.23%
13.75% 2.31% -1.11% 13.75% 2.31%
1.49% 0.53% 7.82% 1.49% 0.53%
-3.22% 0.00% 5.25% -3.22% 0.00%
6.99% 0.00% 8.94% 6.99% 0.00%

1.84% -0.70% 1.66% 1.84% -0.70%

0.19% 0.43% 5.81%

0.0436 0.0657 0.2411

19.63% 131.67%

2.64 3.57 (34.50)

-13.02% -58.81%

0.38 0.28 (0.03)

Portafolio de 3 activos
Retorno esperado del portafolio
33.33%
PFE
33.33%
MSFT
33.33%
PHM
100.00%

Portafolio de Inversion

Ṝp= WA ṜA + WB ṜB + WC ṜC
33.33% 33.33% PFE
MSFT
PHM Retorno esperado p

33.33%

PFE MSFT PHM

WA * WA * Ϭ A.A PFE 0.0212% 0.0047% 0.0019%

WA * WB * Ϭ A.B MSFT 0.0047% 0.0480% 0.0171%

WC * WC * Ϭ C.C PHM 0.0019% 0.0171% 0.6459%

Covarianza
PFE MSFT PHM
0.19%
0.04% 0.43%
0.02% 0.15% 5.81%

Correlacion +
PFE MSFT PHM
1
0.14698952 1
0.01658089 0.09724371 1
perado del portafolio

WA ṜA + WB ṜB + WC ṜC
0.93%

Riesgo del portafolio

Varianza 0.76%

Desviacion estandar 8.73%

Desempeño 0.1068
 PRECIOS AJUSTADOS USD
PROBABILIDADES RETORNOS MENSUALE
PERIODO PFE MSFT PHM

8/1/2016 37.002415 56.229542 1.24 PFE

7/1/2016 36.585876 56.328922 1.25 1/59 1.14%
6/1/2016 34.919727 50.85305 1.219487 1/59 4.77%
5/2/2016 34.413933 52.671715 1.249231 1/59 1.47%
4/1/2016 32.152405 49.216858 1.27866 1/59 7.03%

3/1/2016 29.134739 54.50666 1.239316 1/59 10.36%

2/1/2016 29.164228 50.213631 1.405466 1/59 -0.10%
1/4/2016 29.671938 53.980919 1.259064 1/59 -1.71%
12/1/2015 31.41391 54.363068 1.366426 1/59 -5.55%
11/2/2015 31.890764 53.255814 1.268824 1/59 -1.50%
10/1/2015 32.649067 51.234901 1.659231 1/59 -2.32%

9/1/2015 30.322508 43.078587 1.570882 1/59 7.67%

8/3/2015 31.104465 42.358341 1.105436 1/59 -2.51%
7/1/2015 34.541584 45.155685 1.454521 1/59 -9.95%

6/1/2015 32.118114 42.690014 1.66785 1/59 7.55%

5/1/2015 33.286743 45.310394 1.774245 1/59 -3.51%

4/1/2015 32.234554 46.727848 2.044238 1/59 3.26%

3/2/2015 33.051582 39.061562 1.938169 1/59 -2.47%
2/2/2015 32.605068 42.126156 2.536013 1/59 1.37%
1/2/2015 29.42886 38.537525 2.478157 1/59 10.79%
12/1/2014 29.334688 44.308617 2.671009 1/59 0.32%
11/3/2014 29.334688 45.605919 1.152954 1/59 0.00%
10/1/2014 27.96244 44.504864 1.354721 1/59 4.91%
9/2/2014 27.607656 43.945591 2.161297 1/59 1.29%
8/1/2014 27.439602 43.064022 2.199549 1/59 0.61%
7/1/2014 26.795393 40.658302 2.419504 1/59 2.40%
6/2/2014 27.468021 39.282928 2.448194 1/59 -2.45%
5/1/2014 27.421745 38.566978 3.127186 1/59 0.17%
4/1/2014 28.693029 37.791672 2.93592 1/59 -4.43%
3/3/2014 29.463556 38.343578 3.328014 1/59 -2.62%
2/3/2014 29.454384 35.836609 3.041116 1/59 0.03%
1/2/2014 27.655197 35.133499 2.868978 1/59 6.51%
12/2/2013 27.864431 34.734253 3.031553 1/59 -0.75%
11/1/2013 28.865112 35.402756 3.108059 1/59 -3.47%
10/1/2013 27.704529 32.629837 2.629896 1/59 4.19%
9/3/2013 25.935194 30.667072 1.941342 1/59 6.82%
8/1/2013 25.465778 30.777653 1.415362 1/59 1.84%
7/1/2013 26.386555 29.13483 1.654444 1/59 -3.49%
6/3/2013 25.080704 31.605436 4.016569 1/59 5.21%
5/1/2013 24.382275 31.934851 9.658892 1/59 2.86%
4/1/2013 25.81465 30.076874 9.658892 1/59 -5.55%
3/1/2013 25.628168 25.996962 9.678018 1/59 0.73%
2/1/2013 24.305023 25.260939 9.639765 1/59 5.44%
1/2/2013 24.225101 24.738092 9.611075 1/59 0.33%
12/3/2012 22.078497 24.071199 9.591949 1/59 9.72%
11/1/2012 22.025679 23.990091 9.486753 1/59 0.24%
10/1/2012 21.698706 25.510778 9.477189 1/59 1.51%
9/4/2012 21.681255 26.601288 9.907536 1/59 0.08%
8/1/2012 20.817495 27.548779 9.458063 1/59 4.15%
7/2/2012 20.782597 26.168709 9.467626 1/59 0.17%
6/1/2012 19.883514 27.163244 9.371994 1/59 4.52%
5/1/2012 18.90663 25.920074 9.247671 1/59 5.17%
4/2/2012 19.602802 28.247702 9.238108 1/59 -3.55%
3/1/2012 19.388798 28.459425 9.190291 1/59 1.10%
2/1/2012 18.08765 28.000687 9.218982 1/59 7.19%
1/3/2012 18.130451 25.880671 9.333741 1/59 -0.24%
12/1/2011 18.333784 22.75185 9.123349 1/59 -1.11%
11/1/2011 17.003653 22.418812 9.075533 1/59 7.82%
10/3/2011 16.154802 23.164619 9.075533 1/59 5.25%
9/1/2011 14.829537 21.651047 9.075533 1/59 8.94%
100%

Retorno Esperado 1.66%

Varianza

Desviacion Standard

Retorno Maximo 10.79%

Coheficiente de Variacion

Retorno Minimo -9.95%

Desempeño
 Portafolio de 3 activos

RETORNOS MENSUALES
RETORNOS MENSUALES WA
PFE MSFT PHM WB

MSFT PHM
-0.18% -0.80% 1.14% -0.18% -0.80%
10.77% 2.50% 4.77% 10.77% 2.50% Porta
-3.45% -2.38% 1.47% -3.45% -2.38%
7.02% -2.30% 7.03% 7.02% -2.30%
-9.70% 3.17% 10.36% -9.70% 3.17%
26.69%
8.55% -11.82% -0.10% 8.55% -11.82%
-6.98% 11.63% -1.71% -6.98% 11.63%
-0.70% -7.86% -5.55% -0.70% -7.86%
2.08% 7.69% -1.50% 2.08% 7.69%
3.94% -23.53% -2.32% 3.94% -23.53%
18.93% 5.62% 7.67% 18.93% 5.62%
1.70% 42.11% -2.51% 1.70% 42.11%
-6.19% -24.00% -9.95% -6.19% -24.00%
5.78% -12.79% 7.55% 5.78% -12.79% WA * WA * Ϭ A.A
-5.78% -6.00% -3.51% -5.78% -6.00% WA * WB * Ϭ A.B
-3.03% -13.21% 3.26% -3.03% -13.21% WC * WC * Ϭ C.C
19.63% 5.47% -2.47% 19.63% 5.47%
-7.27% -23.57% 1.37% -7.27% -23.57%
9.31% 2.33% 10.79% 9.31% 2.33% Covarianza
-13.02% -7.22% 0.32% -13.02% -7.22%
-2.84% 131.67% 0.00% -2.84% 131.67% PFE
2.47% -14.89% 4.91% 2.47% -14.89% MSFT
1.27% -37.32% 1.29% 1.27% -37.32% PHM
2.05% -1.74% 0.61% 2.05% -1.74%
5.92% -9.09% 2.40% 5.92% -9.09% Correlacion
3.50% -1.17% -2.45% 3.50% -1.17%
1.86% -21.71% 0.17% 1.86% -21.71% PFE
2.05% 6.51% -4.43% 2.05% 6.51% MSFT
-1.44% -11.78% -2.62% -1.44% -11.78% PHM
7.00% 9.43% 0.03% 7.00% 9.43%
2.00% 6.00% 6.51% 2.00% 6.00%
1.15% -5.36% -0.75% 1.15% -5.36%
-1.89% -2.46% -3.47% -1.89% -2.46%
 8.50% 18.18% 4.19% 8.50% 18.18%
6.40% 35.47% 6.82% 6.40% 35.47%
-0.36% 37.16% 1.84% -0.36% 37.16%
5.64% -14.45% -3.49% 5.64% -14.45%
-7.82% -58.81% 5.21% -7.82% -58.81%
-1.03% -58.42% 2.86% -1.03% -58.42%
6.18% 0.00% -5.55% 6.18% 0.00%
15.69% -0.20% 0.73% 15.69% -0.20%
2.91% 0.40% 5.44% 2.91% 0.40%
2.11% 0.30% 0.33% 2.11% 0.30%
2.77% 0.20% 9.72% 2.77% 0.20%
0.34% 1.11% 0.24% 0.34% 1.11%
-5.96% 0.10% 1.51% -5.96% 0.10%
-4.10% -4.34% 0.08% -4.10% -4.34%
-3.44% 4.75% 4.15% -3.44% 4.75%
5.27% -0.10% 0.17% 5.27% -0.10%
-3.66% 1.02% 4.52% -3.66% 1.02%
4.80% 1.34% 5.17% 4.80% 1.34%
-8.24% 0.10% -3.55% -8.24% 0.10%
-0.74% 0.52% 1.10% -0.74% 0.52%
1.64% -0.31% 7.19% 1.64% -0.31%
8.19% -1.23% -0.24% 8.19% -1.23%
13.75% 2.31% -1.11% 13.75% 2.31%
1.49% 0.53% 7.82% 1.49% 0.53%
-3.22% 0.00% 5.25% -3.22% 0.00%
6.99% 0.00% 8.94% 6.99% 0.00%

1.84% -0.70% 1.66% 1.84% -0.70%

0.19% 0.43% 5.81%

0.0436 0.0657 0.2411

19.63% 131.67%

2.64 3.57 (34.50)

-13.02% -58.81%

0.38 0.28 (0.03)

Portafolio de 3 activos
Retorno esperado del portafolio
71.68%
PFE
26.69%
MSFT
1.62%
PHM
100.00%

Portafolio de Inversion

1.62%

26.69% Ṝp= WA ṜA + WB ṜB + WC ṜC
PFE
MSFT
PHM Retorno esperado p

71.68%

PFE MSFT PHM

WA * WA * Ϭ A.A PFE 0.0978% 0.0081% 0.0002%

WA * WB * Ϭ A.B MSFT 0.0081% 0.0308% 0.0007%

WC * WC * Ϭ C.C PHM 0.0002% 0.0007% 0.0015%

Covarianza
PFE MSFT PHM
0.19%
0.04% 0.43%
0.02% 0.15% 5.81%

Correlacion
PFE MSFT PHM
1
0.14698952 1
0.01658089 0.09724371 1
perado del portafolio

WA ṜA + WB ṜB + WC ṜC
1.67%

Riesgo del portafolio

Varianza 0.15%

Desviacion estandar 3.85% PMV

Desempeño 0.4332
 PRECIOS AJUSTADOS USD
PROBABILIDADES RETORNOS MENSUALE
PERIODO PFE MSFT PHM

8/1/2016 37.002415 56.229542 1.24 PFE

7/1/2016 36.585876 56.328922 1.25 1/59 1.14%
6/1/2016 34.919727 50.85305 1.219487 1/59 4.77%
5/2/2016 34.413933 52.671715 1.249231 1/59 1.47%
4/1/2016 32.152405 49.216858 1.27866 1/59 7.03%

3/1/2016 29.134739 54.50666 1.239316 1/59 10.36%

2/1/2016 29.164228 50.213631 1.405466 1/59 -0.10%
1/4/2016 29.671938 53.980919 1.259064 1/59 -1.71%
12/1/2015 31.41391 54.363068 1.366426 1/59 -5.55%
11/2/2015 31.890764 53.255814 1.268824 1/59 -1.50%
10/1/2015 32.649067 51.234901 1.659231 1/59 -2.32%

9/1/2015 30.322508 43.078587 1.570882 1/59 7.67%

8/3/2015 31.104465 42.358341 1.105436 1/59 -2.51%
7/1/2015 34.541584 45.155685 1.454521 1/59 -9.95%

6/1/2015 32.118114 42.690014 1.66785 1/59 7.55%

5/1/2015 33.286743 45.310394 1.774245 1/59 -3.51%

4/1/2015 32.234554 46.727848 2.044238 1/59 3.26%

3/2/2015 33.051582 39.061562 1.938169 1/59 -2.47%
2/2/2015 32.605068 42.126156 2.536013 1/59 1.37%
1/2/2015 29.42886 38.537525 2.478157 1/59 10.79%
12/1/2014 29.334688 44.308617 2.671009 1/59 0.32%
11/3/2014 29.334688 45.605919 1.152954 1/59 0.00%
10/1/2014 27.96244 44.504864 1.354721 1/59 4.91%
9/2/2014 27.607656 43.945591 2.161297 1/59 1.29%
8/1/2014 27.439602 43.064022 2.199549 1/59 0.61%
7/1/2014 26.795393 40.658302 2.419504 1/59 2.40%
6/2/2014 27.468021 39.282928 2.448194 1/59 -2.45%
5/1/2014 27.421745 38.566978 3.127186 1/59 0.17%
4/1/2014 28.693029 37.791672 2.93592 1/59 -4.43%
3/3/2014 29.463556 38.343578 3.328014 1/59 -2.62%
2/3/2014 29.454384 35.836609 3.041116 1/59 0.03%
1/2/2014 27.655197 35.133499 2.868978 1/59 6.51%
12/2/2013 27.864431 34.734253 3.031553 1/59 -0.75%
11/1/2013 28.865112 35.402756 3.108059 1/59 -3.47%
10/1/2013 27.704529 32.629837 2.629896 1/59 4.19%
9/3/2013 25.935194 30.667072 1.941342 1/59 6.82%
8/1/2013 25.465778 30.777653 1.415362 1/59 1.84%
7/1/2013 26.386555 29.13483 1.654444 1/59 -3.49%
6/3/2013 25.080704 31.605436 4.016569 1/59 5.21%
5/1/2013 24.382275 31.934851 9.658892 1/59 2.86%
4/1/2013 25.81465 30.076874 9.658892 1/59 -5.55%
3/1/2013 25.628168 25.996962 9.678018 1/59 0.73%
2/1/2013 24.305023 25.260939 9.639765 1/59 5.44%
1/2/2013 24.225101 24.738092 9.611075 1/59 0.33%
12/3/2012 22.078497 24.071199 9.591949 1/59 9.72%
11/1/2012 22.025679 23.990091 9.486753 1/59 0.24%
10/1/2012 21.698706 25.510778 9.477189 1/59 1.51%
9/4/2012 21.681255 26.601288 9.907536 1/59 0.08%
8/1/2012 20.817495 27.548779 9.458063 1/59 4.15%
7/2/2012 20.782597 26.168709 9.467626 1/59 0.17%
6/1/2012 19.883514 27.163244 9.371994 1/59 4.52%
5/1/2012 18.90663 25.920074 9.247671 1/59 5.17%
4/2/2012 19.602802 28.247702 9.238108 1/59 -3.55%
3/1/2012 19.388798 28.459425 9.190291 1/59 1.10%
2/1/2012 18.08765 28.000687 9.218982 1/59 7.19%
1/3/2012 18.130451 25.880671 9.333741 1/59 -0.24%
12/1/2011 18.333784 22.75185 9.123349 1/59 -1.11%
11/1/2011 17.003653 22.418812 9.075533 1/59 7.82%
10/3/2011 16.154802 23.164619 9.075533 1/59 5.25%
9/1/2011 14.829537 21.651047 9.075533 1/59 8.94%
100%

Retorno Esperado 1.66%

Varianza

Desviacion Standard

Retorno Maximo 10.79%

Coheficiente de Variacion

Retorno Minimo -9.95%

Desempeño
 Portafolio de 3 activos

RETORNOS MENSUALES
RETORNOS MENSUALES WA
PFE MSFT PHM WB

MSFT PHM
-0.18% -0.80% 1.14% -0.18% -0.80%
10.77% 2.50% 4.77% 10.77% 2.50%
-3.45% -2.38% 1.47% -3.45% -2.38%
7.02% -2.30% 7.03% 7.02% -2.30%
-9.70% 3.17% 10.36% -9.70% 3.17%
8.55% -11.82% -0.10% 8.55% -11.82%
-6.98% 11.63% -1.71% -6.98% 11.63%
-0.70% -7.86% -5.55% -0.70% -7.86%
2.08% 7.69% -1.50% 2.08% 7.69%
3.94% -23.53% -2.32% 3.94% -23.53%
18.93% 5.62% 7.67% 18.93% 5.62%
1.70% 42.11% -2.51% 1.70% 42.11%
-6.19% -24.00% -9.95% -6.19% -24.00%
5.78% -12.79% 7.55% 5.78% -12.79% WA * WA * Ϭ A.A
-5.78% -6.00% -3.51% -5.78% -6.00% WA * WB * Ϭ A.B
-3.03% -13.21% 3.26% -3.03% -13.21% WC * WC * Ϭ C.C
19.63% 5.47% -2.47% 19.63% 5.47%
-7.27% -23.57% 1.37% -7.27% -23.57%
9.31% 2.33% 10.79% 9.31% 2.33% Covarianza
-13.02% -7.22% 0.32% -13.02% -7.22%
-2.84% 131.67% 0.00% -2.84% 131.67% PFE
2.47% -14.89% 4.91% 2.47% -14.89% MSFT
1.27% -37.32% 1.29% 1.27% -37.32% PHM
2.05% -1.74% 0.61% 2.05% -1.74%
5.92% -9.09% 2.40% 5.92% -9.09% Correlacion
3.50% -1.17% -2.45% 3.50% -1.17%
1.86% -21.71% 0.17% 1.86% -21.71% PFE
2.05% 6.51% -4.43% 2.05% 6.51% MSFT
-1.44% -11.78% -2.62% -1.44% -11.78% PHM
7.00% 9.43% 0.03% 7.00% 9.43%
2.00% 6.00% 6.51% 2.00% 6.00%
1.15% -5.36% -0.75% 1.15% -5.36%
-1.89% -2.46% -3.47% -1.89% -2.46%
 8.50% 18.18% 4.19% 8.50% 18.18%
6.40% 35.47% 6.82% 6.40% 35.47%
-0.36% 37.16% 1.84% -0.36% 37.16%
5.64% -14.45% -3.49% 5.64% -14.45%
-7.82% -58.81% 5.21% -7.82% -58.81%
-1.03% -58.42% 2.86% -1.03% -58.42%
6.18% 0.00% -5.55% 6.18% 0.00%
15.69% -0.20% 0.73% 15.69% -0.20%
2.91% 0.40% 5.44% 2.91% 0.40%
2.11% 0.30% 0.33% 2.11% 0.30%
2.77% 0.20% 9.72% 2.77% 0.20%
0.34% 1.11% 0.24% 0.34% 1.11%
-5.96% 0.10% 1.51% -5.96% 0.10%
-4.10% -4.34% 0.08% -4.10% -4.34%
-3.44% 4.75% 4.15% -3.44% 4.75%
5.27% -0.10% 0.17% 5.27% -0.10%
-3.66% 1.02% 4.52% -3.66% 1.02%
4.80% 1.34% 5.17% 4.80% 1.34%
-8.24% 0.10% -3.55% -8.24% 0.10%
-0.74% 0.52% 1.10% -0.74% 0.52%
1.64% -0.31% 7.19% 1.64% -0.31%
8.19% -1.23% -0.24% 8.19% -1.23%
13.75% 2.31% -1.11% 13.75% 2.31%
1.49% 0.53% 7.82% 1.49% 0.53%
-3.22% 0.00% 5.25% -3.22% 0.00%
6.99% 0.00% 8.94% 6.99% 0.00%

1.84% -0.70% 1.66% 1.84% -0.70%

0.19% 0.43% 5.81%

0.0436 0.0657 0.2411

19.63% 131.67%

2.64 3.57 (34.50)

-13.02% -58.81%

0.38 0.28 (0.03)

Portafolio de 3 activos
Retorno esperado del portafolio
69.44%
PFE
30.56%
MSFT
0.00%
PHM
100.00%

Portafolio de Inversion

30.56%
Ṝp= WA ṜA + WB ṜB + WC ṜC
PFE
MSFT
PHM Retorno esperado p

69.44%

PFE MSFT PHM

WA * WA * Ϭ A.A PFE 0.0918% 0.0089% 0.0000%

WA * WB * Ϭ A.B MSFT 0.0089% 0.0403% 0.0000%

WC * WC * Ϭ C.C PHM 0.0000% 0.0000% 0.0000%

Covarianza
PFE MSFT PHM
0.19%
0.04% 0.43%
0.02% 0.15% 5.81%

Correlacion
PFE MSFT PHM
1
0.14698952 1
0.01658089 0.09724371 1
perado del portafolio

WA ṜA + WB ṜB + WC ṜC
1.71%

Riesgo del portafolio

Varianza 0.15%

Desviacion estandar 3.87%

Desempeño 0.4420 PMD

PORTAF RETORNOS DE PORTAFOLIO DE SEIS ACTIVOS (W
OLIO DE 1 2 3 4
SEIS
DATE COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
ACTIVOS
8/1/2016 0% 2% 0% 1%
(WARRE
7/1/2016 -4% 9% 3% 2%
N
6/1/2016 2% -4% 8% 4%
BUFFETT
5/2/2016 0% 7% 1% 1%
)
4/1/2016 -3% -14% 4% -2%
3/1/2016 8% 13% 3% 3%
2/1/2016 0% 0% 1% -2%
1/4/2016 0% -8% 2% 4%
12/1/2015 1% -11% 1% 6%
11/2/2015 1% -1% 1% -2%
10/1/2015 6% 8% 8% 7%
9/1/2015 3% -2% -1% 2%
8/3/2015 -4% -7% -5% -8%
7/1/2015 5% -3% 3% -1%
6/1/2015 -3% -4% -3% 0%
5/1/2015 1% 5% 2% -1%
4/1/2015 0% 1% -1% -2%
3/2/2015 -6% -3% -2% -4%
2/2/2015 5% 10% 3% 1%
1/2/2015 -2% 6% -4% -7%
12/1/2014 -6% -7% -3% 1%
11/3/2014 8% 11% 1% 4%
10/1/2014 -2% 7% 1% 5%
9/2/2014 3% -2% 3% 1%
8/1/2014 6% 8% 4% 7%
7/1/2014 -7% 3% -4% -1%
6/2/2014 4% 3% 3% -3%
5/1/2014 0% 8% 1% -2%
4/1/2014 6% 10% 3% 3%
3/3/2014 2% 2% 7% 2%
2/3/2014 1% 6% 5% 3%
1/2/2014 -8% -11% -3% -5%
12/2/2013 3% 1% -3% -3%
11/1/2013 2% 7% 3% 4%
10/1/2013 4% 10% 7% 8%
9/3/2013 0% -2% 0% -3%
8/1/2013 -5% 8% -7% -3%
7/1/2013 0% 14% 9% 5%
6/3/2013 1% -12% 2% 0%
5/1/2013 -6% 2% 0% 0%
4/1/2013 5% 0% 5% 0%
 3/1/2013 5% 0% 7% 1%
2/1/2013 4% -3% 4% 1%
1/2/2013 3% -14% 5% 12%
12/3/2012 -4% -9% 1% -3%
11/1/2012 3% -1% -1% 1%
10/1/2012 -2% -11% 3% 1%
9/4/2012 2% 0% 2% 3%
8/1/2012 -7% 9% -2% 4%
7/2/2012 3% 5% 2% 6%
6/1/2012 5% 1% 8% -2%
5/1/2012 -2% -1% -3% -2%
4/2/2012 3% -3% -1% -5%
3/1/2012 7% 11% 1% -1%
2/1/2012 3% 19% 0% 7%
1/3/2012 -3% 13% 1% -5%
12/1/2011 4% 6% 1% 3%
11/1/2011 -1% -6% 1% 1%
10/3/2011 1% 6% 1% 2%
9/1/2011

Activos Individuales
Retorno Esperado 0.75% 1.56% 1.46% 0.88%
Varianza 0.16% 0.56% 0.12% 0.15%
Desviacion estandar 4.00% 7.47% 3.45% 3.81%
Proporciones 16.67% 16.67% 16.67% 16.67%

Optimizacon de Portafolio

Matriz de Covarianza
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 0.0015983899 0.0009100408 0.0008154927 0.000631023
APPLE 0.0009100408 0.0055830285 0.0002974027 0.0006072802
JOHNSON 0.0008154927 0.0002974027 0.0011887882 0.0007499067
PROCTER AND GAMBLE 0.000631023 0.0006072802 0.0007499067 0.0014538294
IBM 0.000547286 0.0012520277 0.0003773498 0.0002576082
AMERICAN EXPRESS 0.0005873783 0.0013975371 0.0004736726 0.0001445066

Matriz de Correlacion
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 1
APPLE 0.3046383661 1
JOHNSON 0.5915976937 0.1154403784 1
PROCTER AND GAMBLE 0.4139492401 0.2131559648 0.5704245898 1
IBM 0.2735183976 0.3348055222 0.2186781612 0.1349946267
AMERICAN EXPRESS 0.2497428599 0.3179398233 0.2335299005 0.0644239803
Matriz de Markowitz
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 0.004440% 0.002528% 0.002265% 0.001753%
APPLE 0.002528% 0.015508% 0.000826% 0.001687%
JOHNSON 0.002265% 0.000826% 0.003302% 0.002083%
PROCTER AND GAMBLE 0.001753% 0.001687% 0.002083% 0.004038%
IBM 0.001520% 0.003478% 0.001048% 0.000716%
AMERICAN EXPRESS 0.001632% 0.003882% 0.001316% 0.000401%

Portafolio
Varianza 0.10%
Desviacion estandar 3.18%

Retorno esperado 0.96%

Desempeño 0.30

W1*W2
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 2.777778% 2.777778% 2.777778% 2.777778%
APPLE 2.777778% 2.777778% 2.777778% 2.777778%
JOHNSON 2.777778% 2.777778% 2.777778% 2.777778%
PROCTER AND GAMBLE 2.777778% 2.777778% 2.777778% 2.777778%
IBM 2.777778% 2.777778% 2.777778% 2.777778%
AMERICAN EXPRESS 2.777778% 2.777778% 2.777778% 2.777778%

Markowitz Risk
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 0.004440% 0.002528% 0.002265% 0.001753%
APPLE 0.002528% 0.015508% 0.000826% 0.001687%
JOHNSON 0.002265% 0.000826% 0.003302% 0.002083%
PROCTER AND GAMBLE 0.001753% 0.001687% 0.002083% 0.004038%
IBM 0.001520% 0.003478% 0.001048% 0.000716%
AMERICAN EXPRESS 0.001632% 0.003882% 0.001316% 0.000401%

Portafolio
Varianza 0.10%
Desviacion estandar 3.18%

Retorno esperado 0.96%

Desempeño 0.30
EIS ACTIVOS (WARREN BUFFETT)
5 6
IBM AMERICAN EXPRESS
1% -1%
6% 6%
-1% -7%
6% 1%
-4% 7%
16% 10%
6% 4%
-9% -23%
-1% -3%
0% -2%
-3% -1%
-2% -3%
-8% 1%
0% -2%
-4% -2%
0% 3%
7% -1%
-1% -4%
6% 1%
-4% -13%
-1% 1%
-1% 3%
-13% 3%
-1% -2%
1% 2%
6% -7%
-2% 4%
-6% 5%
2% -3%
4% -1%
5% 7%
-6% -6%
4% 6%
1% 5%
-3% 9%
2% 5%
-6% -3%
2% -1%
-8% -1%
3% 11%
-5% 2%
 6% 9%
-1% 6%
6% 3%
1% 3%
-2% 0%
-6% -1%
6% -2%
0% 1%
0% -1%
1% 4%
-6% -7%
-1% 4%
6% 9%
3% 5%
5% 7%
-2% -2%
2% -5%
6% 13%

0.19% 0.90%
0.25% 0.35%
5.00% 5.88%
16.67% 16.67%

IBM AMERICAN EXPRESS Activos %

0.000547286 0.0005873783 COCA COLA 16.67%
0.0012520277 0.0013975371 APPLE 16.67%
0.0003773498 0.0004736726 JOHNSON 16.67%
0.0002576082 0.0001445066 PROCTER AND GAMBLE 16.67%
0.0025047986 0.0013146258 IBM 16.67%
0.0013146258 0.0034607241 AMERICAN EXPRESS 16.67%
100.00%

IBM AMERICAN EXPRESS

1 %
0.4465110857 1

AMERICAN EXPRESS; 16.67% COCA COLA; 16.67%

 %

AMERICAN EXPRESS; 16.67% COCA COLA; 16.67%

IBM AMERICAN EXPRESS
0.001520% 0.001632%
0.003478% 0.003882%
0.001048% 0.001316%
0.000716% 0.000401% IBM; 16.67% A
0.006958% 0.003652%
0.003652% 0.009613%

PROCTER AND GAMBLE; JOHNSON; 16.67%

16.67%

IBM AMERICAN EXPRESS

2.777778% 2.777778%
2.777778% 2.777778%
2.777778% 2.777778%
2.777778% 2.777778%
2.777778% 2.777778%
2.777778% 2.777778%

IBM AMERICAN EXPRESS

0.001520% 0.001632%
0.003478% 0.003882%
0.001048% 0.001316%
0.000716% 0.000401%
0.006958% 0.003652%
0.003652% 0.009613%
%

COCA COLA; 16.67%

%

COCA COLA; 16.67%

APPLE; 16.67%

JOHNSON; 16.67%
PORTAF RETORNOS DE PORTAFOLIO DE SEIS ACTIVOS (W
OLIO DE 1 2 3 4
SEIS
DATE COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
ACTIVOS
8/1/2016 0% 2% 0% 1%
(WARRE
7/1/2016 -4% 9% 3% 2%
N
6/1/2016 2% -4% 8% 4%
BUFFETT
5/2/2016 0% 7% 1% 1%
)
4/1/2016 -3% -14% 4% -2%
3/1/2016 8% 13% 3% 3%
2/1/2016 0% 0% 1% -2%
1/4/2016 0% -8% 2% 4%
12/1/2015 1% -11% 1% 6%
11/2/2015 1% -1% 1% -2%
10/1/2015 6% 8% 8% 7%
9/1/2015 3% -2% -1% 2%
8/3/2015 -4% -7% -5% -8%
7/1/2015 5% -3% 3% -1%
6/1/2015 -3% -4% -3% 0%
5/1/2015 1% 5% 2% -1%
4/1/2015 0% 1% -1% -2%
3/2/2015 -6% -3% -2% -4%
2/2/2015 5% 10% 3% 1%
1/2/2015 -2% 6% -4% -7%
12/1/2014 -6% -7% -3% 1%
11/3/2014 8% 11% 1% 4%
10/1/2014 -2% 7% 1% 5%
9/2/2014 3% -2% 3% 1%
8/1/2014 6% 8% 4% 7%
7/1/2014 -7% 3% -4% -1%
6/2/2014 4% 3% 3% -3%
5/1/2014 0% 8% 1% -2%
4/1/2014 6% 10% 3% 3%
3/3/2014 2% 2% 7% 2%
2/3/2014 1% 6% 5% 3%
1/2/2014 -8% -11% -3% -5%
12/2/2013 3% 1% -3% -3%
11/1/2013 2% 7% 3% 4%
10/1/2013 4% 10% 7% 8%
9/3/2013 0% -2% 0% -3%
8/1/2013 -5% 8% -7% -3%
7/1/2013 0% 14% 9% 5%
6/3/2013 1% -12% 2% 0%
5/1/2013 -6% 2% 0% 0%
4/1/2013 5% 0% 5% 0%
 3/1/2013 5% 0% 7% 1%
2/1/2013 4% -3% 4% 1%
1/2/2013 3% -14% 5% 12%
12/3/2012 -4% -9% 1% -3%
11/1/2012 3% -1% -1% 1%
10/1/2012 -2% -11% 3% 1%
9/4/2012 2% 0% 2% 3%
8/1/2012 -7% 9% -2% 4%
7/2/2012 3% 5% 2% 6%
6/1/2012 5% 1% 8% -2%
5/1/2012 -2% -1% -3% -2%
4/2/2012 3% -3% -1% -5%
3/1/2012 7% 11% 1% -1%
2/1/2012 3% 19% 0% 7%
1/3/2012 -3% 13% 1% -5%
12/1/2011 4% 6% 1% 3%
11/1/2011 -1% -6% 1% 1%
10/3/2011 1% 6% 1% 2%
9/1/2011

Activos Individuales
Retorno Esperado 0.75% 1.56% 1.46% 0.88%
Varianza 0.16% 0.56% 0.12% 0.15%
Desviacion estandar 4.00% 7.47% 3.45% 3.81%
Proporciones 16.67% 16.67% 16.67% 16.67%

Optimizacon de Portafolio

Matriz de Covarianza
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 0.0015983899 0.0009100408 0.0008154927 0.000631023
APPLE 0.0009100408 0.0055830285 0.0002974027 0.0006072802
JOHNSON 0.0008154927 0.0002974027 0.0011887882 0.0007499067
PROCTER AND GAMBLE 0.000631023 0.0006072802 0.0007499067 0.0014538294
IBM 0.000547286 0.0012520277 0.0003773498 0.0002576082
AMERICAN EXPRESS 0.0005873783 0.0013975371 0.0004736726 0.0001445066

Matriz de Correlacion
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 1
APPLE 0.3046383661 1
JOHNSON 0.5915976937 0.1154403784 1
PROCTER AND GAMBLE 0.4139492401 0.2131559648 0.5704245898 1
IBM 0.2735183976 0.3348055222 0.2186781612 0.1349946267
AMERICAN EXPRESS 0.2497428599 0.3179398233 0.2335299005 0.0644239803
Matriz de Markowitz
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 0.002812% 0.000195% 0.003377% 0.002431%
APPLE 0.000195% 0.000146% 0.000150% 0.000286%
JOHNSON 0.003377% 0.000150% 0.011587% 0.006801%
PROCTER AND GAMBLE 0.002431% 0.000286% 0.006801% 0.012268%
IBM 0.001171% 0.000327% 0.001900% 0.001207%
AMERICAN EXPRESS 0.000679% 0.000197% 0.001289% 0.000366%

Portafolio
Varianza 0.08%
Desviacion estandar 2.84%

Retorno esperado 0.96%

Desempeño 0.34

W1*W2
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 1.759334% 0.214720% 4.141102% 3.853055%
APPLE 0.214720% 0.026206% 0.505405% 0.470250%
JOHNSON 4.141102% 0.505405% 9.747283% 9.069281%
PROCTER AND GAMBLE 3.853055% 0.470250% 9.069281% 8.438439%
IBM 2.139507% 0.261118% 5.035951% 4.685660%
AMERICAN EXPRESS 1.156271% 0.141118% 2.721618% 2.532307%

Markowitz Risk
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 0.002812% 0.000195% 0.003377% 0.002431%
APPLE 0.000195% 0.000146% 0.000150% 0.000286%
JOHNSON 0.003377% 0.000150% 0.011587% 0.006801%
PROCTER AND GAMBLE 0.002431% 0.000286% 0.006801% 0.012268%
IBM 0.001171% 0.000327% 0.001900% 0.001207%
AMERICAN EXPRESS 0.000679% 0.000197% 0.001289% 0.000366%

Portafolio
Varianza 0.08%
Desviacion estandar 2.84%

Retorno esperado 0.96%

Desempeño 0.34
EIS ACTIVOS (WARREN BUFFETT)
5 6
IBM AMERICAN EXPRESS
1% -1%
6% 6%
-1% -7%
6% 1%
-4% 7%
16% 10%
6% 4%
-9% -23%
-1% -3%
0% -2%
-3% -1%
-2% -3%
-8% 1%
0% -2%
-4% -2%
0% 3%
7% -1%
-1% -4%
6% 1%
-4% -13%
-1% 1%
-1% 3%
-13% 3%
-1% -2%
1% 2%
6% -7%
-2% 4%
-6% 5%
2% -3%
4% -1%
5% 7%
-6% -6%
4% 6%
1% 5%
-3% 9%
2% 5%
-6% -3%
2% -1%
-8% -1%
3% 11%
-5% 2%
 6% 9%
-1% 6%
6% 3%
1% 3%
-2% 0%
-6% -1%
6% -2%
0% 1%
0% -1%
1% 4%
-6% -7%
-1% 4%
6% 9%
3% 5%
5% 7%
-2% -2%
2% -5%
6% 13%

0.19% 0.90%
0.25% 0.35%
5.00% 5.88%
16.67% 16.67%

IBM AMERICAN EXPRESS Activos %

0.000547286 0.0005873783 COCA COLA 13.26%
0.0012520277 0.0013975371 APPLE 1.62%
0.0003773498 0.0004736726 JOHNSON 31.22%
0.0002576082 0.0001445066 PROCTER AND GAMBLE 29.05%
0.0025047986 0.0013146258 IBM 16.13%
0.0013146258 0.0034607241 AMERICAN EXPRESS 8.72%
100.00%

IBM AMERICAN EXPRESS

1
0.4465110857 1
 IBM AMERICAN EXPRESS
0.001171% 0.000679% Chart Title
0.000327% 0.000197%
AMERICAN EXPRESS COCA COLA
0.001900% 0.001289%
0.001207% 0.000366% APPLE
0.006517% 0.001849% IBM

0.001849% 0.002630%

JOHNSON

PROCTER AND GAMBLE

IBM AMERICAN EXPRESS

2.139507% 1.156271%
0.261118% 0.141118%
5.035951% 2.721618%
4.685660% 2.532307%
2.601832% 1.406129%
1.406129% 0.759925%

IBM AMERICAN EXPRESS

0.001171% 0.000679%
0.000327% 0.000197%
0.001900% 0.001289%
0.001207% 0.000366%
0.006517% 0.001849%
0.001849% 0.002630%
Title
COCA COLA
APPLE

JOHNSON
PORTAF RETORNOS DE PORTAFOLIO DE SEIS ACTIVOS (W
OLIO DE 1 2 3 4
SEIS
DATE COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
ACTIVOS
8/1/2016 0% 2% 0% 1%
(WARRE
7/1/2016 -4% 9% 3% 2%
N
6/1/2016 2% -4% 8% 4%
BUFFETT
5/2/2016 0% 7% 1% 1%
)
4/1/2016 -3% -14% 4% -2%
3/1/2016 8% 13% 3% 3%
2/1/2016 0% 0% 1% -2%
1/4/2016 0% -8% 2% 4%
12/1/2015 1% -11% 1% 6%
11/2/2015 1% -1% 1% -2%
10/1/2015 6% 8% 8% 7%
9/1/2015 3% -2% -1% 2%
8/3/2015 -4% -7% -5% -8%
7/1/2015 5% -3% 3% -1%
6/1/2015 -3% -4% -3% 0%
5/1/2015 1% 5% 2% -1%
4/1/2015 0% 1% -1% -2%
3/2/2015 -6% -3% -2% -4%
2/2/2015 5% 10% 3% 1%
1/2/2015 -2% 6% -4% -7%
12/1/2014 -6% -7% -3% 1%
11/3/2014 8% 11% 1% 4%
10/1/2014 -2% 7% 1% 5%
9/2/2014 3% -2% 3% 1%
8/1/2014 6% 8% 4% 7%
7/1/2014 -7% 3% -4% -1%
6/2/2014 4% 3% 3% -3%
5/1/2014 0% 8% 1% -2%
4/1/2014 6% 10% 3% 3%
3/3/2014 2% 2% 7% 2%
2/3/2014 1% 6% 5% 3%
1/2/2014 -8% -11% -3% -5%
12/2/2013 3% 1% -3% -3%
11/1/2013 2% 7% 3% 4%
10/1/2013 4% 10% 7% 8%
9/3/2013 0% -2% 0% -3%
8/1/2013 -5% 8% -7% -3%
7/1/2013 0% 14% 9% 5%
6/3/2013 1% -12% 2% 0%
5/1/2013 -6% 2% 0% 0%
4/1/2013 5% 0% 5% 0%
 3/1/2013 5% 0% 7% 1%
2/1/2013 4% -3% 4% 1%
1/2/2013 3% -14% 5% 12%
12/3/2012 -4% -9% 1% -3%
11/1/2012 3% -1% -1% 1%
10/1/2012 -2% -11% 3% 1%
9/4/2012 2% 0% 2% 3%
8/1/2012 -7% 9% -2% 4%
7/2/2012 3% 5% 2% 6%
6/1/2012 5% 1% 8% -2%
5/1/2012 -2% -1% -3% -2%
4/2/2012 3% -3% -1% -5%
3/1/2012 7% 11% 1% -1%
2/1/2012 3% 19% 0% 7%
1/3/2012 -3% 13% 1% -5%
12/1/2011 4% 6% 1% 3%
11/1/2011 -1% -6% 1% 1%
10/3/2011 1% 6% 1% 2%
9/1/2011

Activos Individuales
Retorno Esperado 0.75% 1.56% 1.46% 0.88%
Varianza 0.16% 0.56% 0.12% 0.15%
Desviacion estandar 4.00% 7.47% 3.45% 3.81%
Proporciones 16.67% 16.67% 16.67% 16.67%

Optimizacon de Portafolio

Matriz de Covarianza
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 0.0015983899 0.0009100408 0.0008154927 0.000631023
APPLE 0.0009100408 0.0055830285 0.0002974027 0.0006072802
JOHNSON 0.0008154927 0.0002974027 0.0011887882 0.0007499067
PROCTER AND GAMBLE 0.000631023 0.0006072802 0.0007499067 0.0014538294
IBM 0.000547286 0.0012520277 0.0003773498 0.0002576082
AMERICAN EXPRESS 0.0005873783 0.0013975371 0.0004736726 0.0001445066

Matriz de Correlacion
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 1
APPLE 0.3046383661 1
JOHNSON 0.5915976937 0.1154403784 1
PROCTER AND GAMBLE 0.4139492401 0.2131559648 0.5704245898 1
IBM 0.2735183976 0.3348055222 0.2186781612 0.1349946267
AMERICAN EXPRESS 0.2497428599 0.3179398233 0.2335299005 0.0644239803
Matriz de Markowitz
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 0.002812% 0.000195% 0.003377% 0.002431%
APPLE 0.000195% 0.000146% 0.000150% 0.000286%
JOHNSON 0.003377% 0.000150% 0.011588% 0.006801%
PROCTER AND GAMBLE 0.002431% 0.000286% 0.006801% 0.012268%
IBM 0.001171% 0.000327% 0.001900% 0.001207%
AMERICAN EXPRESS 0.000679% 0.000197% 0.001289% 0.000366%

Portafolio
Varianza 0.08%
Desviacion estandar 2.84%

Retorno esperado 0.96%

Desempeño 0.34

W1*W2
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 1.759231% 0.214723% 4.141032% 3.852953%
APPLE 0.214723% 0.026208% 0.505434% 0.470272%
JOHNSON 4.141032% 0.505434% 9.747525% 9.069418%
PROCTER AND GAMBLE 3.852953% 0.470272% 9.069418% 8.438485%
IBM 2.139422% 0.261127% 5.035959% 4.685622%
AMERICAN EXPRESS 1.156240% 0.141125% 2.721658% 2.532321%

Markowitz Risk
COCA COLA APPLE JOHNSON PROCTER AND GAMBLE
COCA COLA 0.002812% 0.000195% 0.003377% 0.002431%
APPLE 0.000195% 0.000146% 0.000150% 0.000286%
JOHNSON 0.003377% 0.000150% 0.011588% 0.006801%
PROCTER AND GAMBLE 0.002431% 0.000286% 0.006801% 0.012268%
IBM 0.001171% 0.000327% 0.001900% 0.001207%
AMERICAN EXPRESS 0.000679% 0.000197% 0.001289% 0.000366%

Portafolio
Varianza 0.08%
Desviacion estandar 2.84%

Retorno esperado 0.96%

Desempeño 0.34
EIS ACTIVOS (WARREN BUFFETT)
5 6
IBM AMERICAN EXPRESS
1% -1%
6% 6%
-1% -7%
6% 1%
-4% 7%
16% 10%
6% 4%
-9% -23%
-1% -3%
0% -2%
-3% -1%
-2% -3%
-8% 1%
0% -2%
-4% -2%
0% 3%
7% -1%
-1% -4%
6% 1%
-4% -13%
-1% 1%
-1% 3%
-13% 3%
-1% -2%
1% 2%
6% -7%
-2% 4%
-6% 5%
2% -3%
4% -1%
5% 7%
-6% -6%
4% 6%
1% 5%
-3% 9%
2% 5%
-6% -3%
2% -1%
-8% -1%
3% 11%
-5% 2%
 6% 9%
-1% 6%
6% 3%
1% 3%
-2% 0%
-6% -1%
6% -2%
0% 1%
0% -1%
1% 4%
-6% -7%
-1% 4%
6% 9%
3% 5%
5% 7%
-2% -2%
2% -5%
6% 13%

0.19% 0.90%
0.25% 0.35%
5.00% 5.88%
16.67% 16.67%

IBM AMERICAN EXPRESS Activos %

0.000547286 0.0005873783 COCA COLA 13.26%
0.0012520277 0.0013975371 APPLE 1.62%
0.0003773498 0.0004736726 JOHNSON 31.22%
0.0002576082 0.0001445066 PROCTER AND GAMBLE 29.05%
0.0025047986 0.0013146258 IBM 16.13%
0.0013146258 0.0034607241 AMERICAN EXPRESS 8.72%
100.00%

IBM AMERICAN EXPRESS

1
0.4465110857 1
 IBM AMERICAN EXPRESS
0.001171% 0.000679%
0.000327% 0.000197%
0.001900% 0.001289%
0.001207% 0.000366%
0.006517% 0.001849%
0.001849% 0.002630%

IBM AMERICAN EXPRESS

2.139422% 1.156240%
0.261127% 0.141125%
5.035959% 2.721658%
4.685622% 2.532321%
2.601776% 1.406117%
1.406117% 0.759929%

IBM AMERICAN EXPRESS

0.001171% 0.000679%
0.000327% 0.000197%
0.001900% 0.001289%
0.001207% 0.000366%
0.006517% 0.001849%
0.001849% 0.002630%
 COCA COLA APPLE JOHNSON PROCTER AND GAMBLE IBM
COCA COLA 0.00159839
APPLE 0.00091004 0.00558303
JOHNSON 0.00081549 0.0002974 0.00118879
PROCTER AN 0.00063102 0.00060728 0.00074991 0.0014538294
IBM 0.00054729 0.00125203 0.00037735 0.0002576082 0.0025048
AMERICAN EX0.00058738 0.00139754 0.00047367 0.0001445066 0.00131463
AMERICAN EXPRESS

0.0034607241
 COCA COLA APPLE JOHNSON PROCTER AND GAMBLE IBM
COCA COLA 1
APPLE 0.30463837 1
JOHNSON 0.59159769 0.11544038 1
PROCTER AN 0.41394924 0.21315596 0.57042459 1
IBM 0.2735184 0.33480552 0.21867816 0.1349946267 1
AMERICAN EX0.24974286 0.31793982 0.2335299 0.0644239803 0.44651109
AMERICAN EXPRESS