Citigroup Inc. © Walmart Inc.

(WMT)
Date Close Date Close
1/1/2008 281.700012 1/1/2008 50.740002
2/1/2008 237.100006 -0.15832447 2/1/2008 49.59 -0.0226646
3/1/2008 214.199997 -0.09658376 3/1/2008 52.68 0.06231095
4/1/2008 252.699997 0.179738565 4/1/2008 57.98 0.100607441
5/1/2008 218.899994 -0.13375545 5/1/2008 57.740002 -0.00413932
6/1/2008 167.600006 -0.23435354 6/1/2008 56.200001 -0.0266713
7/1/2008 186.899994 0.115155056 7/1/2008 58.619999 0.043060462
8/1/2008 189.899994 0.016051365 8/1/2008 59.07 0.007676578
9/1/2008 205.100006 0.080042193 9/1/2008 59.889999 0.013881818
10/1/2008 136.5 -0.33447101 10/1/2008 55.810001 -0.06812486
11/1/2008 82.900002 -0.39267398 11/1/2008 55.880001 0.001254255
12/1/2008 67.099998 -0.19059112 -0.1045242 12/1/2008 56.060001 0.003221188
1/1/2009 35.5 -0.47093888 1/1/2009 47.119999 -0.15947203
2/1/2009 15 -0.57746479 2/1/2009 49.240002 0.044991576
3/1/2009 25.299999 0.6866666 3/1/2009 52.099998 0.058082776
4/1/2009 30.5 0.205533644 4/1/2009 50.400002 -0.03262948
5/1/2009 37.200001 0.219672164 5/1/2009 49.740002 -0.01309524
6/1/2009 29.700001 -0.2016129 6/1/2009 48.439999 -0.02613597
7/1/2009 31.700001 0.067340065 7/1/2009 49.880001 0.02972754
8/1/2009 50 0.577287016 8/1/2009 50.869999 0.019847594
9/1/2009 48.400002 -0.03199996 9/1/2009 49.09 -0.03499113
10/1/2009 40.900002 -0.15495867 10/1/2009 49.68 0.012018741
11/1/2009 41.099998 0.004889878 11/1/2009 54.549999 0.098027355
12/1/2009 33.099998 -0.19464721 0.010813913 12/1/2009 53.450001 -0.02016495
1/1/2010 33.200001 0.003021239 1/1/2010 53.43 -0.0003742
2/1/2010 34 0.024096355 2/1/2010 54.07 0.011978289
3/1/2010 40.5 0.191176471 3/1/2010 55.599998 0.028296615
4/1/2010 43.700001 0.07901237 4/1/2010 53.639999 -0.03525178
5/1/2010 39.599998 -0.09382158 5/1/2010 50.560001 -0.0574198
6/1/2010 37.599998 -0.05050505 6/1/2010 48.07 -0.04924844
7/1/2010 41 0.09042559 7/1/2010 51.189999 0.064905326
8/1/2010 37.099998 -0.095122 8/1/2010 50.139999 -0.02051182
9/1/2010 39.099998 0.053908359 9/1/2010 53.52 0.06741127
10/1/2010 41.700001 0.066496244 10/1/2010 54.169998 0.012144955
11/1/2010 42 0.00719422 11/1/2010 54.09 -0.0014768
12/1/2010 47.299999 0.126190452 0.033506056 12/1/2010 53.93 -0.00295803
1/1/2011 48.200001 0.019027527 1/1/2011 56.07 0.039681068
2/1/2011 46.799999 -0.02904568 2/1/2011 51.98 -0.07294453
3/1/2011 44.200001 -0.05555551 3/1/2011 52.049999 0.001346653
4/1/2011 45.900002 0.03846156 4/1/2011 54.98 0.056292047
5/1/2011 41.150002 -0.10348583 5/1/2011 55.220001 0.004365242
6/1/2011 41.639999 0.011907581 6/1/2011 53.139999 -0.03766755
7/1/2011 38.34 -0.0792507 7/1/2011 52.709999 -0.00809183
 8/1/2011 31.049999 -0.19014087 8/1/2011 53.189999 0.009106432
9/1/2011 25.620001 -0.17487917 9/1/2011 51.900002 -0.02425262
10/1/2011 31.59 0.233021029 10/1/2011 56.720001 0.092870883
11/1/2011 27.48 -0.13010446 11/1/2011 58.900002 0.038434432
12/1/2011 26.309999 -0.04257646 -0.04188508 12/1/2011 59.759998 0.01460095
1/1/2012 30.719999 0.167616882 1/1/2012 61.360001 0.026773813
2/1/2012 33.32 0.084635452 2/1/2012 59.080002 -0.03715774
3/1/2012 36.549999 0.096938745 3/1/2012 61.200001 0.03588353
4/1/2012 33.040001 -0.09603278 4/1/2012 58.91 -0.03741832
5/1/2012 26.51 -0.19763925 5/1/2012 65.82 0.117297573
6/1/2012 27.41 0.033949453 6/1/2012 69.720001 0.059252522
7/1/2012 27.129999 -0.01021529 7/1/2012 74.43 0.067555923
8/1/2012 29.709999 0.095097681 8/1/2012 72.599998 -0.02458689
9/1/2012 32.720001 0.10131276 9/1/2012 73.800003 0.016528995
10/1/2012 37.389999 0.142726096 10/1/2012 75.019997 0.016531083
11/1/2012 34.57 -0.07542121 11/1/2012 72.019997 -0.03998934
12/1/2012 39.560001 0.144344837 0.040609448 12/1/2012 68.230003 -0.05262419
1/1/2013 42.16 0.065722926 1/1/2013 69.949997 0.025208763
2/1/2013 41.970001 -0.00450662 2/1/2013 70.779999 0.011865647
3/1/2013 44.240002 0.054086275 3/1/2013 74.830002 0.057219597
4/1/2013 46.66 0.05470158 4/1/2013 77.720001 0.03862086
5/1/2013 51.990002 0.114230647 5/1/2013 74.839996 -0.03705616
6/1/2013 47.970001 -0.07732258 6/1/2013 74.489998 -0.00467662
7/1/2013 52.139999 0.086929287 7/1/2013 77.940002 0.046314997
8/1/2013 48.330002 -0.07307244 8/1/2013 72.980003 -0.06363868
9/1/2013 48.509998 0.003724312 9/1/2013 73.959999 0.013428281
10/1/2013 48.779999 0.005565884 10/1/2013 76.75 0.037723108
11/1/2013 52.919998 0.08487083 11/1/2013 81.010002 0.055504912
12/1/2013 52.110001 -0.01530607 0.02496867 12/1/2013 78.690002 -0.02863844
1/1/2014 47.43 -0.08981003 1/1/2014 74.68 -0.05095949
2/1/2014 48.630001 0.025300464 2/1/2014 74.699997 0.000267769
3/1/2014 47.599998 -0.0211804 3/1/2014 76.43 0.023159345
4/1/2014 47.91 0.006512647 4/1/2014 79.709999 0.042915073
5/1/2014 47.57 -0.00709664 5/1/2014 76.769997 -0.03688373
6/1/2014 47.099998 -0.00988022 6/1/2014 75.07 -0.02214403
7/1/2014 48.91 0.038428919 7/1/2014 73.580002 -0.01984812
8/1/2014 51.650002 0.056021304 8/1/2014 75.5 0.026094019
9/1/2014 51.82 0.003291345 9/1/2014 76.470001 0.012847695
10/1/2014 53.529999 0.032998823 10/1/2014 76.269997 -0.00261546
11/1/2014 53.970001 0.008219727 11/1/2014 87.540001 0.147764579
12/1/2014 54.110001 0.002594034 0.003783331 12/1/2014 85.879997 -0.01896281

Citi Walmart Bac

2008 -10.45% 1.00% -7.91%
2009 1.08% -0.20% 5.90%
2010 3.35% 0.15% -0.53%
2011 63.05% 0.95% -6.46%
2012 4.06% 1.23% 7.08%
2013 2.50% 1.27% 2.68%
2014 0.38% 0.85% 1.29%
 Bank of America Corporation (BAC)
Date Close
1/1/2008 44.150002
2/1/2008 39.740002 -0.09988675
3/1/2008 37.91 -0.04604937
4/1/2008 37.540001 -0.00975993
5/1/2008 34.009998 -0.09403311
6/1/2008 23.870001 -0.29814753
7/1/2008 32.900002 0.37829915
8/1/2008 31.139999 -0.05349553
9/1/2008 35 0.12395636
10/1/2008 24.17 -0.30942857
11/1/2008 16.25 -0.32767894
0.010037509 12/1/2008 14.08 -0.13353846 -0.07906933
1/1/2009 6.58 -0.53267045
2/1/2009 3.95 -0.39969605
3/1/2009 6.82 0.72658228
4/1/2009 8.93 0.30938416
5/1/2009 11.27 0.26203807
6/1/2009 13.2 0.17125111
7/1/2009 14.79 0.12045455
8/1/2009 17.59 0.18931711
9/1/2009 16.92 -0.03808982
10/1/2009 14.58 -0.13829787
11/1/2009 15.85 0.08710562
-0.00198277 12/1/2009 15.06 -0.04984227 0.05896137
1/1/2010 15.18 0.00796813
2/1/2010 16.66 0.09749671
3/1/2010 17.85 0.07142857
4/1/2010 17.83 -0.00112045
5/1/2010 15.74 -0.11721817
6/1/2010 14.37 -0.08703939
7/1/2010 14.04 -0.02296451
8/1/2010 12.46 -0.11253561
9/1/2010 13.1 0.05136437
10/1/2010 11.45 -0.1259542
11/1/2010 10.95 -0.04366812
0.001457966 12/1/2010 13.34 0.21826484 -0.00533149
1/1/2011 13.73 0.02923538
2/1/2011 14.29 0.0407866
3/1/2011 13.33 -0.06717985
4/1/2011 12.28 -0.07876969
5/1/2011 11.75 -0.04315961
6/1/2011 10.96 -0.06723404
7/1/2011 9.71 -0.11405109
 8/1/2011 8.17 -0.15859938
9/1/2011 6.12 -0.25091799
10/1/2011 6.83 0.11601307
11/1/2011 5.44 -0.20351391
0.009478431 12/1/2011 5.56 0.02205882 -0.06461097
1/1/2012 7.13 0.2823741
2/1/2012 7.97 0.11781206
3/1/2012 9.57 0.20075282
4/1/2012 8.11 -0.15256008
5/1/2012 7.35 -0.09371147
6/1/2012 8.18 0.11292517
7/1/2012 7.34 -0.10268949
8/1/2012 7.99 0.08855586
9/1/2012 8.83 0.10513141
10/1/2012 9.32 0.05549264
11/1/2012 9.86 0.05793991
0.012337247 12/1/2012 11.61 0.17748479 0.07079231
1/1/2013 11.32 -0.02497847
2/1/2013 11.23 -0.00795053
3/1/2013 12.18 0.08459484
4/1/2013 12.31 0.01067323
5/1/2013 13.66 0.10966694
6/1/2013 12.86 -0.05856515
7/1/2013 14.6 0.13530327
8/1/2013 14.12 -0.03287671
9/1/2013 13.8 -0.02266289
10/1/2013 13.97 0.01231884
11/1/2013 15.82 0.13242663
0.012656355 12/1/2013 15.57 -0.01580278 0.0268456
1/1/2014 16.75 0.07578677
2/1/2014 16.530001 -0.01313427
3/1/2014 17.200001 0.04053236
4/1/2014 15.14 -0.11976749
5/1/2014 15.14 0
6/1/2014 15.37 0.01519155
7/1/2014 15.25 -0.00780742
8/1/2014 16.09 0.05508197
9/1/2014 17.049999 0.05966433
10/1/2014 17.16 0.00645167
11/1/2014 17.040001 -0.00699295
0.008469572 12/1/2014 17.889999 0.04988251 0.01290742
 Citi Walmart
Rendimiento
50% 50%
2008 -10.45% 1.00% -4.72% 2008
2009 1.08% -0.20% 0.44% 2009
2010 3.35% 0.15% 1.75% 2010
2011 63.05% 0.95% 32.00% 2011
2012 4.06% 1.23% 2.65% 2012
2013 2.50% 1.27% 1.88% 2013
2014 0.38% 0.85% 0.61% 2014
Rend. Espera 9.14% 0.75% Rend. Espera

Rend esperado 4.94%

correlacion 0
desviacion estandar 12.17%
coeficiente de variacion 2.46 Riesgo

NOTA: CUANDO LOS RENDIEMITNOS ESPERADOS DE LAS EMPRESAS SON IGUALES, LA DECISIÓN DE RIESGO SE BASA EN LA DE
 Citi Bac
Rendimiento
50% 50%
-10.45% -7.91% -9.2%
1.08% 5.90% 3.5%
3.35% -0.53% 1.4%
63.05% -6.46% 28.3%
4.06% 7.08% 5.6%
2.50% 2.68% 2.6%
0.38% 1.29% 0.8%
9.14% 0.29%

Rend esperado 4.72%

correlacion 0
desviacion estandar 11.41%
coeficiente de variacion 2.42 Riesgo

DE RIESGO SE BASA EN LA DESVIACIONE ESTÁNDAR PERO SI SON DIEFERNETES LA DECISIÓN SE TOMA EN EL COEFICIENTE DE VARIACION
COEFICIENTE DE VARIACION