No Date S&P 500 REYNOLDS HASBRO Risk Free Rate

1 2-Jan -1.70% 6.13% 1.66% 0.11%

2 2-Feb -2.31% 9.87% -13.27% 0.11%
3 2-Mar 4.37% -1.37% 10.55% 0.11% 10.00%
4 2-Apr -5.06% 6.87% 1.01% 0.11%
5 2-May -1.19% 2.17% -4.26% 0.11%
6 2-Jun -7.15% -23.97% -11.37% 0.11%
5.00%
7 2-Jul -8.23% 1.64% -9.66% 0.11%
8 2-Aug 0.64% 7.71% 7.35% 0.11%
9 2-Sep -10.14% -31.48% -15.36% 0.11%
10 0.11% 0.00%
2-Oct 7.35% 0.57% -8.18% 0 10
11 2-Nov 5.96% -4.81% 25.44% 0.11%
12 2-Dec -5.50% 9.09% -9.91% 0.11%
13 3-Jan -2.46% 0.59% 3.90% 0.11% -5.00%
14 3-Feb -1.72% -5.78% 0.92% 0.11%
15 3-Mar 0.89% -19.17% 14.70% 0.11%
16 3-Apr 8.12% -12.68% 15.19% 0.11% -10.00%
17 3-May 6.18% 21.02% 0.06% 0.11%
18 3-Jun 1.48% 9.15% 9.24% 0.11%
19 3-Jul 2.18% -4.54% 7.78% 0.11% -15.00%
20 3-Aug 2.34% -3.86% -1.86% 0.11%
21 3-Sep -1.06% 15.78% 0.97% 0.11%
22 3-Oct 5.89% 21.47% 16.70% 0.11%
23 3-Nov 1.51% 14.93% 1.42% 0.11%
24 3-Dec 4.39% 5.34% -3.75% 0.11% 30.00%
25 4-Jan 2.20% 1.56% -7.19% 0.11%
26 0.11%
4-Feb 1.40% 4.52% 10.73%
20.00%
27 4-Mar -1.20% -1.99% -0.55% 0.11%
28 4-Apr -2.56% 7.06% -13.15% 0.11%
29 4-May 1.24% -13.23% 4.08% 0.11% 10.00%
30 4-Jun 2.00% 20.27% -3.36% 0.11%
31 4-Jul -3.88% 6.45% -4.37% 0.11%
32 0.11%
0.00%
4-Aug 0.11% 4.93% 1.98% 0 10
33 4-Sep 1.91% -9.88% 1.46% 0.11%
34 4-Oct 1.66% 1.21% -5.90% 0.11% -10.00%
35 4-Nov 4.43% 9.83% 7.57% 0.11%
36 4-Dec 3.34% 3.93% 1.84% 0.11%
37 5-Jan -2.74% 2.32% 1.14% 0.11% -20.00%
38 5-Feb 2.09% 1.90% 7.76% 0.11%
39 5-Mar -1.86% -1.66% -3.17% 0.11%
-30.00%
40 5-Apr -2.66% -3.25% -7.48% 0.11%
41 5-May 3.59% 6.34% 6.66% 0.11%
42 5-Jun 0.99% -4.96% 3.02% 0.11% -40.00%
 -30.00%

-40.00%
43 5-Jul 4.22% 5.72% 5.53% 0.11%
44 5-Aug -0.78% 0.76% -5.65% 0.11%
45 5-Sep 0.93% -1.10% -5.07% 0.11%
46 5-Oct -2.19% 2.38% -4.12% 0.11% 30.00%
47 5-Nov 3.82% 4.73% 8.39% 0.11%
48 5-Dec 0.19% 7.09% -1.18% 0.11% 25.00%
49 6-Jan 3.90% 6.08% 5.05% 0.11%
50 6-Feb -0.36% 4.96% -4.29% 0.11% 20.00%
51 6-Mar 1.76% -0.61% 3.99% 0.11%
52 0.11%
15.00%
6-Apr 1.15% 3.93% -6.59%
53 6-May -3.30% 0.26% -5.94% 0.11%
10.00%
54 6-Jun -0.19% 4.88% -2.32% 0.11%
55 6-Jul -0.28% 9.96% 3.26% 0.11% 5.00%
56 6-Aug 2.30% 2.65% 8.56% 0.11%
57 6-Sep 1.81% -4.76% 12.07% 0.11% 0.00%
58 6-Oct 3.60% 1.92% 13.93% 0.11% 0 10
59 6-Nov 2.13% 1.71% 3.20% 0.11% -5.00%
60 6-Dec 0.91% 1.91% 1.87% 0.11%
-10.00%

-15.00%

-20.00%
 S&P 500
S&P 500 Moving average (S&P 500)
%

%
0 10 20 30 40 50 60 70

S&P 500 Reynolds

%

%
0 10 20 30 40 50 60 70

%
%

S&P 500 Hasbro

0 10 20 30 40 50 60 70
No Date S&P 500 REYNOLDS HASBRO Risk Free Rate
1 2-Jan -1.70% 6.13% 1.66% 0.11%
2 2-Feb -2.31% 9.87% -13.27% 0.11%
3 2-Mar 4.37% -1.37% 10.55% 0.11%
4 2-Apr -5.06% 6.87% 1.01% 0.11%
5 2-May -1.19% 2.17% -4.26% 0.11%
6 2-Jun -7.15% -23.97% -11.37% 0.11%
7 2-Jul -8.23% 1.64% -9.66% 0.11%
8 2-Aug 0.64% 7.71% 7.35% 0.11%
9 2-Sep -10.14% -31.48% -15.36% 0.11%
10 2-Oct 7.35% 0.57% -8.18% 0.11%
11 2-Nov 5.96% -4.81% 25.44% 0.11%
12 2-Dec -5.50% 9.09% -9.91% 0.11%
13 3-Jan -2.46% 0.59% 3.90% 0.11%
14 3-Feb -1.72% -5.78% 0.92% 0.11%
15 3-Mar 0.89% -19.17% 14.70% 0.11%
16 3-Apr 8.12% -12.68% 15.19% 0.11%
17 3-May 6.18% 21.02% 0.06% 0.11%
18 3-Jun 1.48% 9.15% 9.24% 0.11%
19 3-Jul 2.18% -4.54% 7.78% 0.11%
20 3-Aug 2.34% -3.86% -1.86% 0.11%
21 3-Sep -1.06% 15.78% 0.97% 0.11%
22 3-Oct 5.89% 21.47% 16.70% 0.11%
23 3-Nov 1.51% 14.93% 1.42% 0.11%
24 3-Dec 4.39% 5.34% -3.75% 0.11%
25 4-Jan 2.20% 1.56% -7.19% 0.11%
26 4-Feb 1.40% 4.52% 10.73% 0.11%
27 4-Mar -1.20% -1.99% -0.55% 0.11%
28 4-Apr -2.56% 7.06% -13.15% 0.11%
29 4-May 1.24% -13.23% 4.08% 0.11%
30 4-Jun 2.00% 20.27% -3.36% 0.11%
31 4-Jul -3.88% 6.45% -4.37% 0.11%
32 4-Aug 0.11% 4.93% 1.98% 0.11%
33 4-Sep 1.91% -9.88% 1.46% 0.11%
34 4-Oct 1.66% 1.21% -5.90% 0.11%
35 4-Nov 4.43% 9.83% 7.57% 0.11%
36 4-Dec 3.34% 3.93% 1.84% 0.11%
37 5-Jan -2.74% 2.32% 1.14% 0.11%
38 5-Feb 2.09% 1.90% 7.76% 0.11%
39 5-Mar -1.86% -1.66% -3.17% 0.11%
40 5-Apr -2.66% -3.25% -7.48% 0.11%
41 5-May 3.59% 6.34% 6.66% 0.11%
42 5-Jun 0.99% -4.96% 3.02% 0.11%
43 5-Jul 4.22% 5.72% 5.53% 0.11%
44 5-Aug -0.78% 0.76% -5.65% 0.11%
45 5-Sep 0.93% -1.10% -5.07% 0.11%
46 5-Oct -2.19% 2.38% -4.12% 0.11%
47 5-Nov 3.82% 4.73% 8.39% 0.11%
48 5-Dec 0.19% 7.09% -1.18% 0.11%
49 6-Jan 3.90% 6.08% 5.05% 0.11%
50 6-Feb -0.36% 4.96% -4.29% 0.11%
51 6-Mar 1.76% -0.61% 3.99% 0.11%
52 6-Apr 1.15% 3.93% -6.59% 0.11%
53 6-May -3.30% 0.26% -5.94% 0.11%
54 6-Jun -0.19% 4.88% -2.32% 0.11%
55 6-Jul -0.28% 9.96% 3.26% 0.11%
56 6-Aug 2.30% 2.65% 8.56% 0.11%
57 6-Sep 1.81% -4.76% 12.07% 0.11%
58 6-Oct 3.60% 1.92% 13.93% 0.11%
59 6-Nov 2.13% 1.71% 3.20% 0.11%
60 6-Dec 0.91% 1.91% 1.87% 0.11%
 Date S&P 500 REYNOLDS HASBRO Risk Free Rate
Average 0.57% 1.87% 1.18% 0.11%
Std Dev 3.60% 9.37% 8.12% 0.00%

S&P 500 REYNOLDS HASBRO Risk Free Rate

S&P 500 1.000 0.283 0.630 0.000
REYNOLDS 0.283 1.000 0.058 0.000
HASBRO 0.630 0.058 1.000 0.000
Risk Free Rate 0.000 0.000 0.000 1.000

DECISION
REYNOLDS >=
HASBRO >=
 wR wH
0.1 0.1
(100-x)S&P+(x)R (100-x)S&P+(x)H Reynolds
0.70% 0.64% 1200.00%
3.62% 3.81%

1000.00%

800.00%

Average Return
600.00%

400.00%

200.00%

0.00%
0.00% 200.00% 400.00%

Std. De
 Mu (P+R)
Reynolds Hasbro wR 0.70%
0.05
0.15
0.25
0.35
0.45
0.55
0.65
0.75
0.85
0.95

200.00% 400.00% 600.00% 800.00% 1000.00%1200.00%

Std. Deviation
Std Dev (P+R) Sharpe Ratio(P+R) Mu (P+H) Std Dev (P+H)
3.62% 0.0000 wH 0.64% 3.81%
0.0000 0.05
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
Sharpe Ratio(P+H)
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000