INTEGRANTE GRUPO NRO 3

F0972427 ESPEZUA MAMANI, LUIS MIGUEL

F0618550 HERRERA VASQUEZ, EDINSON
F0283041 ORTIZ ROJAS, LUIS ANIBAL
F1076545 PAEZ ALVA, MICAELA SOFIA
F1284901 SOLÍS SALAZAR, PEDRO
 Date Open High Low Close Adj Close Volumen
7/1/2022 681.00 842.36 648.50 776.58 776.58 491,343,200.00
6/1/2022 755.16 792.63 626.08 673.42 673.42 670,166,000.00
5/1/2022 860.77 955.50 620.57 758.26 758.26 649,407,200.00
4/1/2022 1,081.15 1,152.87 821.70 870.76 870.76 506,986,600.00
3/1/2022 869.68 1,114.77 756.04 1,077.60 1,077.60 576,424,300.00
2/1/2022 935.21 947.77 700.00 870.43 870.43 463,708,900.00
1/1/2022 1,147.75 1,208.00 792.01 936.72 936.72 638,668,800.00
12/1/2021 1,160.70 1,172.84 886.12 1,056.78 1,056.78 510,055,900.00
11/1/2021 1,145.00 1,243.49 978.60 1,144.76 1,144.76 649,111,500.00
10/1/2021 778.40 1,115.21 763.59 1,114.00 1,114.00 528,934,600.00
9/1/2021 734.08 799.00 708.85 775.48 775.48 390,171,300.00
8/1/2021 700.00 740.39 648.84 735.72 735.72 381,324,900.00
7/1/2021 683.92 700.00 620.46 687.20 687.20 448,449,800.00
6/1/2021 627.80 697.62 571.22 679.70 679.70 519,921,900.00
5/1/2021 703.80 706.00 546.98 625.22 625.22 625,175,800.00
4/1/2021 688.37 780.79 659.42 709.44 709.44 678,539,700.00
3/1/2021 690.11 721.11 539.49 667.93 667.93 942,452,400.00
2/1/2021 814.29 880.50 619.00 675.50 675.50 522,857,900.00
1/1/2021 719.46 900.40 717.19 793.53 793.53 705,694,800.00
12/1/2020 597.59 718.72 541.21 705.67 705.67 1,196,346,000.00
11/1/2020 394.00 607.80 392.30 567.60 567.60 782,598,800.00
10/1/2020 440.76 465.90 379.11 388.04 388.04 833,666,400.00
9/1/2020 502.14 502.49 329.88 429.01 429.01 1,736,284,800.00
8/1/2020 289.84 500.14 273.00 498.32 498.32 1,557,378,400.00
7/1/2020 216.60 359.00 216.10 286.15 286.15 1,893,167,500.00
6/1/2020 171.60 217.54 170.82 215.96 215.96 1,278,863,500.00
5/1/2020 151.00 168.66 136.61 167.00 167.00 1,363,518,000.00
4/1/2020 100.80 173.96 89.28 156.38 156.38 1,907,387,500.00
3/1/2020 142.25 161.40 70.10 104.80 104.80 2,104,675,000.00
2/1/2020 134.74 193.80 122.30 133.60 133.60 2,362,934,000.00
1/1/2020 84.90 130.60 84.34 130.11 130.11 2,036,092,500.00
12/1/2019 65.88 87.06 65.45 83.67 83.67 1,035,400,000.00
11/1/2019 63.26 72.24 61.85 65.99 65.99 788,854,000.00
10/1/2019 48.30 68.17 44.86 62.98 62.98 1,139,913,000.00
9/1/2019 44.82 50.70 43.67 48.17 48.17 678,876,500.00
8/1/2019 48.53 48.90 42.20 45.12 45.12 668,953,000.00
7/1/2019 46.04 53.21 44.44 48.32 48.32 996,683,500.00
6/1/2019 37.10 46.95 35.40 44.69 44.69 1,074,853,000.00
5/1/2019 47.77 51.67 36.82 37.03 37.03 1,412,994,000.00
4/1/2019 56.52 59.23 46.23 47.74 47.74 1,153,736,500.00
3/1/2019 61.39 61.43 50.89 55.97 55.97 1,068,967,500.00
2/1/2019 61.08 64.85 57.75 63.98 63.98 642,750,500.00
1/1/2019 61.22 70.40 55.86 61.40 61.40 878,260,500.00
12/1/2018 72.00 75.90 58.82 66.56 66.56 732,256,000.00
11/1/2018 67.65 73.35 65.00 70.10 70.10 665,095,500.00
10/1/2018 61.15 69.43 49.55 67.46 67.46 1,431,803,500.00
9/1/2018 59.39 62.99 50.45 52.95 52.95 980,377,000.00
8/1/2018 59.60 77.49 57.64 60.33 60.33 1,386,801,000.00
7/1/2018 72.01 72.96 57.23 59.63 59.63 861,641,000.00
6/1/2018 57.17 74.75 56.77 68.59 68.59 1,067,125,500.00
5/1/2018 58.70 62.60 54.68 56.95 56.95 777,890,500.00
4/1/2018 51.25 61.90 48.92 58.78 58.78 951,554,000.00
3/1/2018 69.00 69.73 49.64 53.23 53.23 786,342,500.00
2/1/2018 70.20 72.00 58.95 68.61 68.61 545,950,000.00
1/1/2018 62.40 72.10 61.14 70.86 70.86 621,357,500.00
12/1/2017 61.09 69.49 60.00 62.27 62.27 549,423,500.00
11/1/2017 66.45 66.52 58.53 61.77 61.77 744,064,000.00
10/1/2017 68.50 72.60 63.33 66.31 66.31 615,183,500.00
9/1/2017 71.22 77.92 67.08 68.22 68.22 557,563,500.00
8/1/2017 64.60 74.00 62.24 71.18 71.18 684,708,000.00
Precio de cierre ajustado
ajustado por splits y dividendos
y/o distribuciones de ganancias
de capital
 Date Open High Low Close* Adj Close** Volume
Jul 01, 2022 3,781.00 4,012.44 3,721.56 3,921.05 3,921.05 53,597,920,000
Pre
Jun 01, 2022 4,149.78 4,177.51 3,636.87 3,785.38 3,785.38 86,799,060,000 aju
May 01, 2022 4,130.61 4,307.66 3,810.32 4,132.15 4,132.15 89,128,130,000 divi
de g
Apr 01, 2022 4,540.32 4,593.45 4,124.28 4,131.93 4,131.93 74,784,850,000
Mar 01, 2022 4,363.14 4,637.30 4,157.87 4,530.41 4,530.41 100,978,320,000
Feb 01, 2022 4,519.57 4,595.31 4,114.65 4,373.94 4,373.94 73,167,790,000
Jan 01, 2022 4,778.14 4,818.62 4,222.62 4,515.55 4,515.55 73,279,440,000
Dec 01, 2021 4,602.82 4,808.93 4,495.12 4,766.18 4,766.18 68,699,830,000
Nov 01, 2021 4,610.62 4,743.83 4,560.00 4,567.00 4,567.00 67,520,800,000
Oct 01, 2021 4,317.16 4,608.08 4,278.94 4,605.38 4,605.38 61,874,700,000
Sep 01, 2021 4,528.80 4,545.85 4,305.91 4,307.54 4,307.54 66,268,850,000
Aug 01, 2021 4,406.86 4,537.36 4,367.73 4,522.68 4,522.68 63,217,960,000
Jul 01, 2021 4,300.73 4,429.97 4,233.13 4,395.26 4,395.26 66,496,430,000
Jun 01, 2021 4,216.52 4,302.43 4,164.40 4,297.50 4,297.50 85,705,180,000
May 01, 2021 4,191.98 4,238.04 4,056.88 4,204.11 4,204.11 75,155,370,000
Apr 01, 2021 3,992.78 4,218.78 3,992.78 4,181.17 4,181.17 82,869,290,000
Mar 01, 2021 3,842.51 3,994.41 3,723.34 3,972.89 3,972.89 120,863,560,000
Feb 01, 2021 3,731.17 3,950.43 3,725.62 3,811.15 3,811.15 98,596,960,000
Jan 01, 2021 3,764.61 3,870.90 3,662.71 3,714.24 3,714.24 105,548,790,000
Dec 01, 2020 3,645.87 3,760.20 3,633.40 3,756.07 3,756.07 96,056,410,000
Nov 01, 2020 3,296.20 3,645.99 3,279.74 3,621.63 3,621.63 100,977,880,000
Oct 01, 2020 3,385.87 3,549.85 3,233.94 3,269.96 3,269.96 89,737,600,000
Sep 01, 2020 3,507.44 3,588.11 3,209.45 3,363.00 3,363.00 92,084,120,000
Aug 01, 2020 3,288.26 3,514.77 3,284.53 3,500.31 3,500.31 84,402,300,000
Jul 01, 2020 3,105.92 3,279.99 3,101.17 3,271.12 3,271.12 97,197,020,000
Jun 01, 2020 3,038.78 3,233.13 2,965.66 3,100.29 3,100.29 131,044,000,000
May 01, 2020 2,869.09 3,068.67 2,766.64 3,044.31 3,044.31 106,799,100,000
Apr 01, 2020 2,498.08 2,954.86 2,447.49 2,912.43 2,912.43 123,163,450,000
Mar 01, 2020 2,974.28 3,136.72 2,191.86 2,584.59 2,584.59 161,801,100,000
Feb 01, 2020 3,235.66 3,393.52 2,855.84 2,954.22 2,954.22 84,292,270,000
Jan 01, 2020 3,244.67 3,337.77 3,214.64 3,225.52 3,225.52 77,104,420,000
Dec 01, 2019 3,143.85 3,247.93 3,070.33 3,230.78 3,230.78 72,054,000,000
Nov 01, 2019 3,050.72 3,154.26 3,050.72 3,140.98 3,140.98 72,179,920,000
Oct 01, 2019 2,983.69 3,050.10 2,855.94 3,037.56 3,037.56 77,564,550,000
Sep 01, 2019 2,909.01 3,021.99 2,891.85 2,976.74 2,976.74 73,992,330,000
Aug 01, 2019 2,980.32 3,013.59 2,822.12 2,926.46 2,926.46 79,599,440,000
Jul 01, 2019 2,971.41 3,027.98 2,952.22 2,980.38 2,980.38 70,349,470,000
Jun 01, 2019 2,751.53 2,964.15 2,728.81 2,941.76 2,941.76 70,904,280,000
May 01, 2019 2,952.33 2,954.13 2,750.52 2,752.06 2,752.06 76,860,120,000
Apr 01, 2019 2,848.63 2,949.52 2,848.63 2,945.83 2,945.83 69,604,840,000
Mar 01, 2019 2,798.22 2,860.31 2,722.27 2,834.40 2,834.40 78,596,280,000
Feb 01, 2019 2,702.32 2,813.49 2,681.83 2,784.49 2,784.49 70,183,430,000
Jan 01, 2019 2,476.96 2,708.95 2,443.96 2,704.10 2,704.10 80,401,630,000
Dec 01, 2018 2,790.50 2,800.18 2,346.58 2,506.85 2,506.85 83,522,570,000
Nov 01, 2018 2,717.58 2,815.15 2,631.09 2,760.17 2,760.17 80,080,110,000
Oct 01, 2018 2,926.29 2,939.86 2,603.54 2,711.74 2,711.74 91,327,930,000
Sep 01, 2018 2,896.96 2,940.91 2,864.12 2,913.98 2,913.98 62,492,080,000
Aug 01, 2018 2,821.17 2,916.50 2,796.34 2,901.52 2,901.52 69,238,220,000
Jul 01, 2018 2,704.95 2,848.03 2,698.95 2,816.29 2,816.29 64,542,170,000
Jun 01, 2018 2,718.70 2,791.47 2,691.99 2,718.37 2,718.37 77,439,710,000
May 01, 2018 2,642.96 2,742.24 2,594.62 2,705.27 2,705.27 75,617,280,000
Apr 01, 2018 2,633.45 2,717.49 2,553.80 2,648.05 2,648.05 69,648,590,000
Mar 01, 2018 2,715.22 2,801.90 2,585.89 2,640.87 2,640.87 76,369,800,000
Feb 01, 2018 2,816.45 2,835.96 2,532.69 2,713.83 2,713.83 79,579,410,000
Jan 01, 2018 2,683.73 2,872.87 2,682.36 2,823.81 2,823.81 76,860,120,000
Dec 01, 2017 2,645.10 2,694.97 2,605.52 2,673.61 2,673.61 65,251,190,000
Nov 01, 2017 2,583.21 2,657.74 2,557.45 2,647.58 2,647.58 73,173,260,000
Oct 01, 2017 2,521.20 2,582.98 2,520.40 2,575.26 2,575.26 70,871,570,000
Sep 01, 2017 2,474.42 2,519.44 2,446.55 2,519.36 2,519.36 66,337,980,000
Aug 01, 2017 2,477.10 2,490.87 2,417.35 2,471.65 2,471.65 70,616,030,000
Precio de cierre ajustado
ajustado por splits y
dividendos y/o distribuciones
de ganancias de capital
 EMPRESA MARKET INDEX
FECHA TESLA S&P500 RENDIMIENTO DE LA EMPRESA
Jul-22 776.58 3921.05 0.15
Jun-22 673.42 3785.38 -0.11
May-22 758.26 4132.15 -0.13
Apr-22 870.76 4131.93 -0.19
Mar-22 1077.60 4530.41 0.24
Feb-22 870.43 4373.94 -0.07
Jan-22 936.72 4515.55 -0.11
Dec-21 1056.78 4766.18 -0.08
Nov-21 1144.76 4567.00 0.03
Oct-21 1114.00 4605.38 0.44
Sep-21 775.48 4307.54 0.05
Aug-21 735.72 4522.68 0.07
Jul-21 687.20 4395.26 0.01
Jun-21 679.70 4297.50 0.09
May-21 625.22 4204.11 -0.12
Apr-21 709.44 4181.17 0.06
Mar-21 667.93 3972.89 -0.01
Feb-21 675.50 3811.15 -0.15
Jan-21 793.53 3714.24 0.12
Dec-20 705.67 3756.07 0.24
Nov-20 567.60 3621.63 0.46
Oct-20 388.04 3269.96 -0.10
Sep-20 429.01 3363.00 -0.14
Aug-20 498.32 3500.31 0.74
Jul-20 286.15 3271.12 0.33
Jun-20 215.96 3100.29 0.29
May-20 167.00 3044.31 0.07
Apr-20 156.38 2912.43 0.49
Mar-20 104.80 2584.59 -0.22
Feb-20 133.60 2954.22 0.03
Jan-20 130.11 3225.52 0.56
Dec-19 83.67 3230.78 0.27
Nov-19 65.99 3140.98 0.05
Oct-19 62.98 3037.56 0.31
Sep-19 48.17 2976.74 0.07
Aug-19 45.12 2926.46 -0.07
Jul-19 48.32 2980.38 0.08
Jun-19 44.69 2941.76 0.21
May-19 37.03 2752.06 -0.22
Apr-19 47.74 2945.83 -0.15
Mar-19 55.97 2834.40 -0.13
Feb-19 63.98 2784.49 0.04
Jan-19 61.40 2704.10 -0.08
Dec-18 66.56 2506.85 -0.05
Nov-18 70.10 2760.17 0.04
Oct-18 67.46 2711.74 0.27
Sep-18 52.95 2913.98 -0.12
Aug-18 60.33 2901.52 0.01
Jul-18 59.63 2816.29 -0.13
Jun-18 68.59 2718.37 0.20
May-18 56.95 2705.27 -0.03
Apr-18 58.78 2648.05 0.10
Mar-18 53.23 2640.87 -0.22
Feb-18 68.61 2713.83 -0.03
Jan-18 70.86 2823.81 0.14
Dec-17 62.27 2673.61 0.01
Nov-17 61.77 2647.58 -0.07
Oct-17 66.31 2575.26 -0.03
Sep-17 68.22 2519.36 -0.04
Aug-17 71.18 2471.65
RENDIMIENTO DEL MERCADO
0.04
-0.08
0.00
-0.09
0.04
-0.03
-0.05
0.04
-0.01
0.07
-0.05
0.03
0.80
0.02
0.02 0.60
0.01
0.40
0.05
0.04 f(x) = 2.13651162007831 x + 0.039631652505776
0.20
0.03 R² = 0.265074975861508
-0.01 0.00
-0.15 -0.10 -0.05 0.00
0.04 -0.20
0.11
-0.03 -0.40
-0.04
0.07
0.06
0.02
0.05 El Coeficiente Beta 2.1365 nos muestra que los rendimiento de TESLA y S&
Los rendimientos de la accion de TESLA son mucho mayores si lo comparam
0.13 representado por S&P500. Tambien debemos tener en cuenta que el rendi
-0.13 representan un mayor riesgo que los rendimientos de S&P500 ya que se un
riesgo mayor rendimiento.
-0.08
0.00
0.03
0.03
0.02
0.02
-0.02
0.01
0.07
-0.07
0.04
0.02
0.03
0.08
-0.09
0.02
-0.07
 0.00
0.03
0.04
0.00
0.02
0.00
-0.03
-0.04
0.06
0.01
0.03
0.02
0.02
1) DETERMINANDO EL BETA

METODO 1 CALCULO BETA

COVARIANZA 0.00512551182860832
VARIANZA 0.00239900957263245
BETA 2.1365

METODO 2 CALCULO BETA

BETA 2.1365

METODO 3 CALCULO BETA

0.80

0.60

0.40

f(x) = 2.13651162007831 x + 0.039631652505776

0.20
R² = 0.265074975861508
0.00
-0.15 -0.10 -0.05 0.00 0.05 0.10 0.15
-0.20

-0.40

INTERPRETACION

El Coeficiente Beta 2.1365 nos muestra que los rendimiento de TESLA y S&P500 se mueven en la misma direccion.
Los rendimientos de la accion de TESLA son mucho mayores si lo comparamos con el rendimiento de mercado
representado por S&P500. Tambien debemos tener en cuenta que el rendimiento de las acciones de TESLA
representan un mayor riesgo que los rendimientos de S&P500 ya que se un tiene un Beta mayor que 1. A mayor
riesgo mayor rendimiento.

2) HALLANDO EL COK (COSTO DE OPORTUNIDAD DE CAPITAL)

CoK =
BETA 2.14
Rf = Tasa libre de riesgo 4.50%
E(Rm) = Tasa de rendimiento de mercado 10.50%
Rp = Riesgo pais 1.35%

COK 18.7%
3) HALLANDO EL WACC (COSTO DE CAPITAL DE PROMEDIO PONDERADO)

COK 18.7%
E (VALOR DE MERCADO DE ACCIONES O CAPITAL PROPIO) 65%
D (VALOR DE MERCADO DE DEUDA DE LA EMPRESA) 35%
TEA 12.50%
IMPUESTO 29.50%

WACC 15.22%
 0.10 0.15

n la misma direccion.
ento de mercado
ones de TESLA
yor que 1. A mayor

CoK = Rf + [ E(Rm)- Rf ] x b + Rp
𝐖𝐀𝐂𝐂=𝐂𝐨𝐊 (𝑬/(𝐄+𝑫))+𝐓𝐄𝐀 (𝟏−𝐓) (𝑫/(𝐄+𝑫))