A SAMPLE TECHNIQUE FOR CALCULATING

OPTIMAL CAPITAL STRUCTURE.

ATTOCK PETROLEUM COMPANY LTD.
Attock Petroleum Limited (APL) is an associate company of the Attock Oil Group of Companies, which is the
only fully vertically integrated Group in the Oil & Gas sector of Pakistan involved in Exploration &
Production, Refining & Marketing. APL's corporate head office is registered in Islamabad.
Vision

To become a world class, professionally managed, fully integrated, customer focused, Oil Marketing
Company, offering value added quality and environment friendly products and services to its customers in
Pakistan and beyond.

Mission

To continuously provide quality and environment friendly petroleum products and related services to
industrial, commercial and retail consumers, and exceeding their expectations through reliability, economy
and quality of products and services. We are committed to benefiting the community and ensuring the
creation of a safe, responsible and innovative environment geared to client satisfaction, end user
gratification, employees' motivation and shareholders’ value.

Attock petroleum is currently operating at 0% debt and 100% equity. We will consider total assets as its
total equity
So Total Equity is 7082268000
We will now consider some debt levels for company, that if it uses some debt then what will be the optimal
capital structure of company. We will take four levels of debt as in following table

Debt level Total Debt Total Equity

0% --- 7082268000

10% 708226800 6374041200

20% 1416453600 5665814400

30% 2124680400 4957587600

40% 2832907200 4249360800

50% 3541134000 3541134000

60% 4249360800 2832907200

70% 4957587600 2124680400

Calculation of Beta at different levels of Debts β =bu [1+ (1-T) D/E] (Beta calculations
are attached from page 4 and onwards)

At 0% debt level beta is 0.9738216 so it will be our unlevered beta =

0.9738216

At 10% debt level β= 0.9738216[1+ (1-.28).1/.9] = 1.051727

At 20% debt level β= 0.9738216[1+ (1-.28).2/.8] = 1.149109

At 30% debt level β=.9738216[1+(1-.28).3/.7] =1.274315

At 40% debt level β= .9738216[1+(1-.28).4/.6]=1.441256

At 50% debt level β= 0.9738216[1+(1-.28).5/.5] = 1.674973

At 60% debt level β= .9738216[1+(1-.28).6/.4] = 2.025549

At 70% debt level β = 0.9738216[1+(1-.28).7/.3] = 2.6098

Cost of Equity Calculation at different debt levels Ks= Rf + (Rm-Rf)β

At 0% debt level =12.5% + (21%-12.5%) 0.97226 = 20.7642%

At 10% debt level =12.5% + (21%-12.5%) 1.051727 = 21.4397%

At 20% debt level =12.5% + (21%-12.5%) 1.149109 =22.2647%

At 30% debt level =12.5% + (21%-12.5%) 1.274315 =23.3317%

At 40% debt level =12.5% + (21%-12.5%) 1.441256 =24.7507%

At 50% debt level =12.5% + (21%-12.5%) 1.674973 =26.7373%

At 60% debt level =12.5% + (21%-12.5%) 2.025549 =29.7172%

At 70% debt level =12.5% + (21%-12.5%) 2.6098 =34.6833%

Cost of Debt at different debt levels (Based on Bond Rating Method)

At 0% debt level 0%

At 10% debt level 13.25%

At 20% debt level 13.25%

At 30% debt level 13.25%

At 40% debt level 13.5%

At 50% debt level 14%

At 60% debt level 17%

At 70% debt level 18%

Calculation of WACC at different levels of debts WACC=WdKd (1-T) +WsKs

At 0% debt level =0 %( 0%) (1-.28)+100 %( 20.7642%) =

20.7642%

At 10% debt level = (.1) %( 0.1325%) (1-.28)+90 %( 21.4397%) =

20.2497%

At 20% debt level = (.2) %( 0.1325%) (1-.28)+80 %( 22.2647%) =

19.7198%

At 30% debt level = (.3) %( 0.1325%) (1-.28)+70 %( 23.3317%) =

19.1900%

At 40% debt level = (.4) %( 0.135%) (1-.28)+60 %( 24.7507%) =

18.7400%

At 50% debt level = (.5) %( 0.14%) (1-.28)+50 %( 26.7373%) =

18.4086%

At 60% debt level = (.6) %( 0.17%) (1-.28)+40 %( 29.7172%) =

19.23%

At 70% debt level = (.7) %( 0.18%) (1-.28)+30 %( 34.6833%) =

19.47%

So we can sum up all calculations in a tabular form as follows

Debt Level Cost of Debt (Kd) Cost of Equity Beta (β) WACC
(Ks)
0% 0% 20.7642% 0.97226 20.7642%

10% 13.25% 21.4397% 1.051727 20.2497%

20% 13.25% 22.2647% 1.149109 19.7198%

30% 13.25% 23.3317% 1.274315 19.1900%

40% 13.5% 24.7507% 1.441256 18.7400%

50% 14% 26.7373% 1.674973 18.4086%

60% 17% 29.7172% 2.025549 19.23%

70% 18% 34.6833% 2.609800 19.47%

Earnings per Share at different debt levels EPS = Net Income – Dividend/No of Common Shares
Outstanding

At 0% debt level 53.51

At 10% debt level 54.44

At 20% debt level 55.45

At 30% debt level 56.55

At 40% debt level 57.64

At 50% debt level 58.65

At 60% debt level 57.91

At 70% debt level 58.07

Price Earning at different debt levels P/E=V/EPS (On current Structure)

At 0% debt level 5.94

At 10% debt level 5.84

At 20% debt level 5.73

At 30% debt level 5.62

At 40% debt level 5.52

At 50% debt level 5.42

At 60% debt level 5.49

At 70% debt level 5.48

Market Value per Share V=EPS x Price Earning

At 0% debt level 318

At 10% debt level 318.474

At 20% debt level 317.7285

At 30% debt level 317.811

At 40% debt level 317.1728

At 50% debt level 318.5238

At 60% debt level 318.5050

At 70% debt level 318.2236

Now we can see that at debt and equity level of 50-50

percent the WACC of company has minimized and the
Stock price (Market value per share) is maximized. So it’s
our suggested optimal capital structure. If company wants
to use debt and then if it operates at 50% debt and 50%
equity its WACC will be minimized and Stock price will be
maximized.

I have calculated beta by two methods.

i) %age change in stock prices and then taking slope
ii) SD, Variance and Co Variance Method
Calculations are attached…..

IT MUST BE NOTED THAT THIS IS THE CALCULATION ONLY ON THE

BASIS OF 2009 YEAR DATA. I.E; FROM 1ST JAN 2009 TO 18TH
DECEMBER 2009
 CALCULATION OF BETA (%AGE CHANGE AND SLOPE METHOD)

Clos Clos
e %age e %age
Date KSE Change Date APL Change Beta
575 137. 0.97382
1/1/2009 1 1/1/2009 14 16
581 143.
2/1/2009 5 1.11% 2/1/2009 99 4.99%
591 151.
5/1/2009 7 1.75% 5/1/2009 18 4.99%
607 158.
6/1/2009 8 2.72% 6/1/2009 73 4.99%
614 166.
9/1/2009 3 1.07% 9/1/2009 66 5.00%
12/1/200 603 12/1/200 174.
9 8 -1.71% 9 99 5.00%
13/01/20 606 13/01/20 183.
09 7 0.48% 09 73 4.99%
14/01/20 605 14/01/20 192.
09 1 -0.26% 09 91 5.00%
15/01/20 578 15/01/20 183.
09 0 -4.48% 09 27 -5.00%
16/01/20 551 16/01/20 174.
09 7 -4.55% 09 46 -4.81%
19/01/20 528 19/01/20 168.
09 2 -4.26% 09 1 -3.65%
20/01/20 527 20/01/20 176.
09 2 -0.19% 09 82 5.19%
21/01/20 514 21/01/20
09 4 -2.43% 09 179 1.23%
22/01/20 501 22/01/20 171.
09 8 -2.45% 09 25 -4.33%
23/01/20 493 23/01/20 167.
09 0 -1.75% 09 5 -2.19%
26/01/20 481 26/01/20
09 0 -2.43% 09 167 -0.30%
27/01/20 497 27/01/20 175.
09 4 3.41% 09 39 5.02%
28/01/20 514 28/01/20 180.
09 7 3.48% 09 55 2.94%
29/01/20 518 29/01/20 177.
09 0 0.64% 09 1 -1.91%
30/01/20 536 30/01/20 187.
09 7 3.61% 09 28 5.75%
533 185.
2/2/2009 6 -0.58% 2/2/2009 5 -0.95%
537 183.
3/2/2009 9 0.81% 3/2/2009 55 -1.05%
552 193.
4/2/2009 1 2.64% 4/2/2009 97 5.68%
 559 196.
6/2/2009 7 1.38% 6/2/2009 31 1.21%
16/02/20 576 16/02/20 207.
09 4 2.98% 09 96 5.93%
17/02/20 582 17/02/20 213.
09 7 1.09% 09 01 2.43%
18/02/20 587 18/02/20
09 6 0.84% 09 208 -2.35%
19/02/20 603 19/02/20
09 0 2.62% 09 214 2.88%
20/02/20 596 20/02/20
09 1 -1.14% 09 219 2.34%
23/02/20 584 23/02/20
09 2 -2.00% 09 228 4.11%
24/02/20 587 24/02/20
09 4 0.55% 09 223 -2.19%
25/02/20 558 25/02/20 212.
09 4 -4.94% 09 95 -4.51%
26/02/20 566 26/02/20 223.
09 4 1.43% 09 59 5.00%
27/02/20 572 27/02/20 234.
09 7 1.11% 09 45 4.86%
560 246.
3/3/2009 6 -2.11% 3/3/2009 12 4.98%
581 259.
4/3/2009 5 3.73% 4/3/2009 75 5.54%
578 256.
5/3/2009 8 -0.46% 5/3/2009 95 -1.08%
574 250.
6/3/2009 8 -0.69% 6/3/2009 99 -2.32%
568
9/3/2009 1 -1.17% 9/3/2009 247 -1.59%
11/3/200 556 11/3/200 235.
9 9 -1.97% 9 89 -4.50%
12/3/200 570 12/3/200
9 7 2.48% 9 247 4.71%
13/03/20 575 13/03/20 244.
09 0 0.75% 09 99 -0.81%
16/03/20 606 16/03/20 254.
09 3 5.44% 09 84 4.02%
17/03/20 613 17/03/20 267.
09 8 1.24% 09 58 5.00%
18/03/20 626 18/03/20
09 6 2.09% 09 270 0.90%
20/03/20 634 20/03/20
09 0 1.18% 09 270 0.00%
24/03/20 661 24/03/20 278.
09 7 4.37% 09 42 3.12%
25/03/20 667 25/03/20
09 4 0.86% 09 290 4.16%
27/03/20 682 27/03/20 293.
09 6 2.28% 09 5 1.21%
30/03/20 701 30/03/20
09 5 2.77% 09 288 -1.87%
31/03/20 686 31/03/20
09 0 -2.21% 09 275 -4.51%
694
1/4/2009 8 1.28% 1/4/2009 270 -1.82%
2/4/2009 719 3.50% 2/4/2009 272. 0.74%
 1 01
743 279.
3/4/2009 2 3.35% 3/4/2009 58 2.78%
751
6/4/2009 8 1.16% 6/4/2009 281 0.51%
763 284.
7/4/2009 5 1.56% 7/4/2009 15 1.12%
734 271.
8/4/2009 0 -3.86% 8/4/2009 18 -4.56%
729 267.
9/4/2009 5 -0.61% 9/4/2009 5 -1.36%
10/4/200 762 10/4/200 282.
9 0 4.46% 9 05 5.44%
13/04/20 787 13/04/20 296.
09 2 3.31% 09 15 5.00%
14/04/20 783 14/04/20 310.
09 2 -0.51% 09 9 4.98%
15/04/20 780 15/04/20
09 7 -0.32% 09 320 2.93%
16/04/20 767 16/04/20
09 0 -1.75% 09 310 -3.13%
17/04/20 779 17/04/20
09 4 1.62% 09 323 4.19%
20/04/20 790 20/04/20 326.
09 2 1.39% 09 8 1.18%
21/04/20 783 21/04/20 320.
09 4 -0.86% 09 01 -2.08%
22/04/20 757 22/04/20 304.
09 4 -3.32% 09 42 -4.87%
23/04/20 734 23/04/20
09 7 -3.00% 09 294 -3.42%
24/04/20 761 24/04/20
09 9 3.70% 09 306 4.08%
27/04/20 734 27/04/20 290.
09 4 -3.61% 09 75 -4.98%
28/04/20 740 28/04/20
09 4 0.82% 09 286 -1.63%
29/04/20 727 29/04/20 293.
09 1 -1.80% 09 94 2.78%
30/04/20 719 30/04/20 292.
09 6 -1.03% 09 1 -0.63%
706 290.
4/5/2009 1 -1.88% 4/5/2009 1 -0.68%
708
5/5/2009 1 0.28% 5/5/2009 289 -0.38%
720 288.
6/5/2009 6 1.77% 6/5/2009 25 -0.26%
712
7/5/2009 5 -1.12% 7/5/2009 293 1.65%
712 288.
8/5/2009 9 0.06% 8/5/2009 5 -1.54%
11/5/200 712 11/5/200
9 2 -0.10% 9 288 -0.17%
12/5/200 729 12/5/200 302.
9 7 2.46% 9 82 5.15%
13/05/20 724 13/05/20 305.
09 2 -0.75% 09 1 0.75%
14/05/20 714 14/05/20 300.
09 2 -1.38% 09 25 -1.59%
15/05/20 717 15/05/20
09 7 0.49% 09 293 -2.41%
18/05/20 717 18/05/20
09 2 -0.07% 09 291 -0.68%
19/05/20 706 19/05/20 293.
09 7 -1.46% 09 25 0.77%
21/05/20 696 21/05/20 292.
09 9 -1.39% 09 9 -0.12%
22/05/20 714 22/05/20 306.
09 6 2.54% 09 45 4.63%
25/05/20 716 25/05/20 314.
09 4 0.25% 09 95 2.77%
27/05/20 720 27/05/20
09 4 0.56% 09 310 -1.57%
28/05/20 729 28/05/20
09 7 1.29% 09 315 1.61%
29/05/20 727 29/05/20
09 6 -0.29% 09 312 -0.95%
719 305.
1/6/2009 8 -1.07% 1/6/2009 5 -2.08%
712
2/6/2009 5 -1.01% 2/6/2009 304 -0.49%
700
3/6/2009 0 -1.75% 3/6/2009 303 -0.33%
686 302.
4/6/2009 5 -1.93% 4/6/2009 5 -0.17%
690 311.
5/6/2009 9 0.64% 5/6/2009 02 2.82%
708
9/6/2009 2 2.50% 9/6/2009 314 0.96%
10/6/200 704 10/6/200 309.
9 3 -0.55% 9 8 -1.34%
11/6/200 709 11/6/200 312.
9 1 0.68% 9 25 0.79%
12/6/200 706 12/6/200
9 8 -0.32% 9 316 1.20%
15/06/20 694 15/06/20
09 0 -1.81% 09 309 -2.22%
16/06/20 687 16/06/20
09 2 -0.98% 09 308 -0.32%
17/06/20 707 17/06/20
09 5 2.95% 09 315 2.27%
18/06/20 702 18/06/20 311.
09 6 -0.69% 09 99 -0.96%
19/06/20 703 19/06/20 316.
09 9 0.19% 09 5 1.45%
22/06/20 705 22/06/20 318.
09 7 0.26% 09 1 0.51%
23/06/20 701 23/06/20 317.
09 5 -0.60% 09 01 -0.34%
24/06/20 702 24/06/20
09 9 0.20% 09 313 -1.26%
25/06/20 712 25/06/20 314.
09 6 1.38% 09 01 0.32%
26/06/20 716 26/06/20 318.
09 1 0.49% 09 5 1.43%
29/06/20 720 29/06/20 317.
09 6 0.63% 09 14 -0.43%
30/06/20 716 -0.51% 30/06/20 317. 0.24%
 09 9 09 9
727 332.
1/7/2009 0 1.41% 1/7/2009 99 4.75%
749 348.
2/7/2009 5 3.09% 2/7/2009 33 4.61%
746
3/7/2009 5 -0.40% 3/7/2009 335 -3.83%
755
6/7/2009 7 1.23% 6/7/2009 333 -0.60%
754 337.
7/7/2009 0 -0.22% 7/7/2009 5 1.35%
746
8/7/2009 6 -0.98% 8/7/2009 332 -1.63%
743 332.
9/7/2009 9 -0.36% 9/7/2009 25 0.08%
13/07/20 768 13/07/20
09 4 3.29% 09 347 4.44%
14/07/20 763 14/07/20 344.
09 1 -0.69% 09 99 -0.58%
15/07/20 768 15/07/20
09 6 0.72% 09 346 0.29%
16/07/20 771 16/07/20 345.
09 5 0.38% 09 25 -0.22%
17/07/20 776 17/07/20 357.
09 4 0.64% 09 5 3.55%
20/07/20 770 20/07/20
09 3 -0.79% 09 357 -0.14%
21/07/20 778 21/07/20
09 9 1.12% 09 360 0.84%
22/07/20 781 22/07/20
09 6 0.35% 09 355 -1.39%
23/07/20 786 23/07/20
09 3 0.60% 09 355 0.00%
24/07/20 777 24/07/20 351.
09 8 -1.08% 09 99 -0.85%
27/07/20 769 27/07/20
09 8 -1.03% 09 348 -1.13%
28/07/20 766 28/07/20 357.
09 1 -0.48% 09 99 2.87%
29/07/20 750 29/07/20 363.
09 5 -2.04% 09 7 1.60%
30/07/20 750 30/07/20 356.
09 5 0.00% 09 8 -1.90%
31/07/20 772 31/07/20 368.
09 6 2.94% 09 1 3.17%
771
3/8/2009 6 -0.13% 3/8/2009 362 -1.66%
779 364.
4/8/2009 6 1.04% 4/8/2009 93 0.81%
783 381.
5/8/2009 1 0.45% 5/8/2009 73 4.60%
10/8/200 808 10/8/200 378.
9 6 3.26% 9 99 -0.72%
11/8/200 805 11/8/200 374.
9 6 -0.37% 9 2 -1.26%
12/8/200 805 12/8/200 371.
9 7 0.01% 9 99 -0.59%
17/08/20 793 17/08/20
09 1 -1.56% 09 368 -1.07%
18/08/20 799 18/08/20 373.
09 5 0.81% 09 01 1.36%
19/08/20 795 19/08/20
09 1 -0.55% 09 375 0.53%
20/08/20 798 20/08/20
09 1 0.38% 09 375 0.00%
21/08/20 811 21/08/20 380.
09 6 1.69% 09 4 1.44%
24/08/20 829 24/08/20 388.
09 5 2.21% 09 25 2.06%
25/08/20 824 25/08/20 385.
09 6 -0.59% 09 8 -0.63%
26/08/20 832 26/08/20 385.
09 0 0.90% 09 89 0.02%
27/08/20 831 27/08/20 401.
09 5 -0.06% 09 6 4.07%
28/08/20 854 28/08/20
09 1 2.72% 09 386 -3.88%
31/08/20 867 31/08/20
09 5 1.57% 09 386 0.00%
876 384.
1/9/2009 9 1.08% 1/9/2009 02 -0.51%
885 384.
2/9/2009 6 0.99% 2/9/2009 5 0.12%
880
3/9/2009 6 -0.56% 3/9/2009 375 -2.47%
900
4/9/2009 2 2.23% 4/9/2009 381 1.60%
888
7/9/2009 8 -1.27% 7/9/2009 370 -2.89%
882
8/9/2009 7 -0.69% 8/9/2009 367 -0.81%
907 382.
9/9/2009 3 2.79% 9/9/2009 02 4.09%
11/9/200 905 11/9/200
9 3 -0.22% 9 377 -1.31%
14/09/20 907 14/09/20
09 5 0.24% 09 375 -0.53%
15/09/20 903 15/09/20 357.
09 1 -0.48% 09 35 -4.71%
16/09/20 914 16/09/20 363.
09 2 1.23% 09 8 1.80%
17/09/20 921 17/09/20 344.
09 6 0.81% 09 92 -5.19%
18/09/20 943 18/09/20 365.
09 6 2.39% 09 7 6.02%
24/09/20 973 24/09/20 381.
09 2 3.14% 09 55 4.33%
25/09/20 966 25/09/20 377.
09 2 -0.72% 09 9 -0.96%
30/09/20 934 30/09/20 360.
09 9 -3.24% 09 99 -4.47%
1/10/200 930 1/10/200
9 1 -0.51% 9 356 -1.38%
2/10/200 947 2/10/200 368.
9 2 1.84% 9 2 3.43%
5/10/200 949 5/10/200 368.
9 7 0.26% 9 11 -0.02%
6/10/200 967 1.84% 6/10/200 370. 0.65%
 9 2 9 49
7/10/200 983 7/10/200 379.
9 6 1.70% 9 5 2.43%
8/10/200 974 8/10/200
9 0 -0.98% 9 382 0.66%
9/10/200 978 9/10/200
9 9 0.50% 9 384 0.52%
12/10/20 964 12/10/20 362.
09 2 -1.50% 09 13 -5.70%
13/10/20 968 13/10/20
09 6 0.46% 09 363 0.24%
14/10/20 980 14/10/20 368.
09 4 1.22% 09 98 1.65%
15/10/20 983 15/10/20
09 9 0.36% 09 366 -0.81%
16/10/20 983 16/10/20 366.
09 8 -0.01% 09 5 0.14%
19/10/20 945 19/10/20 355.
09 5 -3.89% 09 01 -3.14%
20/10/20 957 20/10/20 368.
09 3 1.25% 09 99 3.94%
21/10/20 924 21/10/20 354.
09 7 -3.41% 09 99 -3.79%
22/10/20 914 22/10/20
09 4 -1.11% 09 350 -1.41%
23/10/20 916 23/10/20 347.
09 1 0.19% 09 5 -0.71%
26/10/20 941 26/10/20
09 5 2.77% 09 354 1.87%
27/10/20 933 27/10/20
09 0 -0.90% 09 353 -0.28%
28/10/20 926 28/10/20 344.
09 2 -0.73% 09 55 -2.39%
29/10/20 917 29/10/20 334.
09 8 -0.91% 09 12 -3.03%
30/10/20 915 30/10/20
09 1 -0.29% 09 333 -0.34%
2/11/200 884 2/11/200 317.
9 8 -3.31% 9 47 -4.66%
3/11/200 897 3/11/200
9 4 1.42% 9 332 4.58%
4/11/200 915 4/11/200
9 4 2.01% 9 330 -0.60%
5/11/200 911 5/11/200
9 2 -0.46% 9 331 0.30%
6/11/200 894 6/11/200
9 2 -1.87% 9 327 -1.21%
11/11/20 892 11/11/20
09 8 -0.16% 09 322 -1.53%
12/11/20 891 12/11/20 317.
09 3 -0.17% 09 55 -1.38%
13/11/20 905 13/11/20 322.
09 6 1.60% 09 55 1.57%
16/11/20 931 16/11/20
09 0 2.80% 09 331 2.62%
17/11/20 920 17/11/20 326.
09 4 -1.14% 09 01 -1.51%
18/11/20 916 18/11/20 323.
09 2 -0.46% 09 01 -0.92%
 19/11/20 925 19/11/20 338.
09 1 0.97% 09 15 4.69%
20/11/20 930 20/11/20 341.
09 6 0.59% 09 45 0.98%
23/11/20 920 23/11/20 333.
09 4 -1.10% 09 75 -2.26%
25/11/20 920 25/11/20
09 4 0.00% 09 335 0.37%
26/11/20 920 26/11/20 334.
09 6 0.02% 09 7 -0.09%
1/12/200 901 1/12/200 331.
9 9 -2.03% 9 5 -0.96%
2/12/200 908 2/12/200
9 7 0.75% 9 331 -0.15%
3/12/200 909 3/12/200 333.
9 6 0.10% 9 5 0.76%
4/12/200 900 4/12/200
9 9 -0.96% 9 328 -1.65%
8/12/200 884 8/12/200
9 3 -1.84% 9 321 -2.13%
9/12/200 890 9/12/200 324.
9 5 0.70% 9 5 1.09%
11/12/20 903 11/12/20 335.
09 7 1.48% 09 01 3.24%
14/12/20 928 14/12/20
09 0 2.69% 09 349 4.18%
15/12/20 926 15/12/20 342.
09 6 -0.15% 09 71 -1.80%
16/12/20 925 16/12/20
09 3 -0.14% 09 344 0.38%
17/12/20 922 17/12/20
09 7 -0.28% 09 341 -0.87%
18/12/20 918 18/12/20
09 3 -0.48% 09 341 0.00%

Method 2 for calculation of Beta

Close Returns( X- Close Returns( Y- (X-XBAR)
Date APL X) X-XBAR XBAR^2 Date KSE Y) Y-YBAR YBAR^2 (Y-YBAR)
- -
0.00419 1.76199 1/1/20 0.00215 4.65088 9.05252E-
1/1/2009 137.14 0 7604 E-05 09 5751 0 6591 E-06 06
0.04874 0.04454 0.00198 2/1/20 0.01106 0.00891 7.9396E 0.0003969
2/1/2009 143.99 1551 3946 4163 09 5815 7033 0442 -05 06
0.04872 0.04452 0.00198 5/1/20 0.01738 0.01523 0.00023 0.0006782
5/1/2009 151.18 7327 9723 2896 09 5917 8778 2187 202 85
0.04873 0.04453 0.00198 6/1/20 0.02684 0.02468 0.00060 0.0010995
6/1/2009 158.73 3466 5861 3443 09 6078 6131 954 9573 7
0.04875 0.04455 0.00198 9/1/20 0.01063 0.00848 7.19263 0.0003778
9/1/2009 166.66 1163 3559 502 09 6143 7528 0937 E-05 56
- - -
12/1/200 0.04877 0.04457 0.00198 12/1/2 0.01724 0.01939 0.00037 0.0008646
9 174.99 302 5416 6968 009 6038 0391 6982 6243 29
13/01/20 0.04873 0.04454 0.00198 13/01/ 0.00479 0.00263 6.94231 0.0001173
09 183.73 8459 0855 3888 2009 6067 1418 4827 E-06 57
- - -
14/01/20 0.04875 0.04455 0.00198 14/01/ 0.00264 0.00479 2.3014E 0.0002137
09 192.91 647 8866 5493 2009 6051 0701 7292 -05 62
- - - -
15/01/20 0.05126 0.05546 0.00307 15/01/ 0.04581 0.04797 0.00230 0.0026608
09 183.27 3284 0888 591 2009 5780 9865 6456 174 17
 - - - -
16/01/20 0.04926 0.05346 0.00285 16/01/ 0.04656 0.04872 0.00237 0.0026050
09 174.46 4986 2591 8249 2009 5517 9448 6039 4227 2
- - - -
19/01/20 0.03713 0.04133 0.00170 19/01/ 0.04352 0.04568 0.00208 0.0018883
09 168.1 6449 4053 8504 2009 5282 942 6011 7212 88
- - -
20/01/20 0.05057 0.04637 0.00215 20/01/ 0.00189 0.00405 1.64155 0.0001878
09 176.82 3226 5621 0698 2009 5272 5017 1607 E-05 96
- - -
21/01/20 0.01225 0.00805 6.48981 21/01/ 0.02457 0.02673 0.00071 0.0002153
09 179 354 5935 E-05 2009 5144 881 5401 4782 79
- - - -
22/01/20 0.04426 0.04845 0.00234 22/01/ 0.02479 0.02695 0.00072 0.0013062
09 171.25 1329 8933 8268 2009 5018 9539 613 6633 65
- - - -
23/01/20 0.02214 0.02633 0.00069 23/01/ 0.01769 0.01984 0.00039 0.0005227
09 167.5 1126 873 3729 2009 4930 246 9051 3985 99
- - - -
26/01/20 0.00298 0.00718 5.1655E 26/01/ 0.02464 0.02679 0.00071 0.0001926
09 167 9539 7143 -05 2009 4810 1904 8495 8159 05
27/01/20 0.04901 0.04482 0.00200 27/01/ 0.03352 0.03137 0.00098 0.0014060
09 175.39 8253 0649 8891 2009 4974 7261 067 4119 54
28/01/20 0.02899 0.02479 0.00061 28/01/ 0.03418 0.03203 0.00102 0.0007943
09 180.55 5682 8077 4945 2009 5147 9675 3085 6119 59
- -
29/01/20 0.01929 0.02349 0.00055 29/01/ 0.00639 0.00423 1.79305 -9.94705E-
09 177.1 3203 0807 1818 2009 5180 1036 4445 E-05 05
30/01/20 0.05589 0.05169 0.00267 30/01/ 0.03546 0.03330 0.00110 0.0017217
09 187.28 0278 2674 2133 2009 5367 4037 7446 9386 51
- - - -
0.00954 0.01374 0.00018 2/2/20 0.00579 0.00794 6.31926 0.0001092
2/2/2009 185.5 9941 7546 8995 09 5336 2785 9375 E-05 84
- -
0.01056 0.01476 0.00021 3/2/20 0.00802 0.00586 3.4452E -8.66666E-
3/2/2009 183.55 7772 5377 8016 09 5379 6175 9584 -05 05
0.05521 0.05101 0.00260 4/2/20 0.02605 0.02389 0.00057 0.0012193
4/2/2009 193.97 6398 8793 2917 09 5521 652 9929 1207 46
0.01199 0.00779 6.07453 6/2/20 0.01367 0.01151 0.00013 8.97482E-
6/2/2009 196.31 1534 393 E-05 09 5597 1737 5146 2599 05
16/02/20 0.05765 0.05345 0.00285 16/02/ 0.02940 0.02724 0.00074 0.0014562
09 207.96 0711 3107 7235 2009 5764 0938 4347 2254 95
17/02/20 0.02399 0.01979 0.00039 17/02/ 0.01087 0.00871 7.59341 0.0001725
09 213.01 3359 5755 1872 2009 5827 061 4019 E-05 01
- - -
18/02/20 0.02380 0.02799 0.00078 18/02/ 0.00837 0.00621 3.86558 0.0001740
09 208 1033 8638 3924 2009 5876 397 7379 E-05 78
19/02/20 0.02843 0.02424 0.00058 19/02/ 0.02587 0.02371 0.00056 0.0005748
09 214 7935 0331 7594 2009 6030 0752 4162 2361 39
- - -
20/02/20 0.02309 0.01889 0.00035 20/02/ 0.01150 0.01366 0.00018 0.0002582
09 219 5715 811 7139 2009 5961 8759 5349 6742 49
- - -
23/02/20 0.04027 0.03607 0.00130 23/02/ 0.02016 0.02232 0.00049 0.0008052
09 228 3899 6295 1499 2009 5842 5048 1639 8256 82
- -
24/02/20 0.02217 0.02637 0.00069 24/02/ 0.00546 0.00330 1.09299 -8.71851E-
09 223 3857 1462 5454 2009 5874 2629 6038 E-05 05
- - - -
25/02/20 0.04611 0.05031 0.00253 25/02/ 0.05063 0.05278 0.00278 0.0026558
09 212.95 4375 198 1295 2009 5584 0467 7058 6474 21
26/02/20 0.04875 0.04455 0.00198 26/02/ 0.01422 0.01206 0.00014 0.0005377
09 223.59 6621 9017 5506 2009 5664 4991 84 5646 56
27/02/20 0.04742 0.04323 0.00186 27/02/ 0.01106 0.00890 7.9297E 0.0003849
09 234.45 8328 0723 8895 2009 5727 1477 4886 -05 65
- -
0.04857 0.04437 0.00196 3/3/20 0.02135 0.02351 0.00055 -
3/3/2009 246.12 6876 9272 952 09 5606 4381 0971 2766 0.0010434
0.05390 0.04970 0.00247 4/3/20 0.03660 0.03444 0.00118
4/3/2009 259.75 0408 2804 0369 09 5815 3333 6742 6578 0.0017121
- - - -
0.01083 0.01503 0.00022 5/3/20 0.00465 0.00681 4.63838 0.0001024
5/3/2009 256.95 8117 5721 6073 09 5788 3977 0568 E-05 02
6/3/2009 250.99 - - 0.00076 6/3/20 5748 - - 8.26541 0.0002515
 0.02346 0.02766 0.00693 0.00909
8416 602 5409 09 4841 1431 E-05 24
- - - -
0.01602 0.02022 0.00040 9/3/20 0.01172 0.01388 0.00019 0.0002807
9/3/2009 247 4761 2366 8944 09 5681 4695 1285 269 12
- - - -
11/3/200 0.04602 0.05022 0.00252 11/3/2 0.01991 0.02206 0.00048 0.0011082
9 235.89 2742 0346 2083 009 5569 1769 836 7013 81
12/3/200 0.04602 0.04182 0.00174 12/3/2 0.02447 0.02232 0.00049 0.0009335
9 247 2742 5137 9342 009 5707 7987 1396 8245 95
- -
13/03/20 0.00817 0.01236 0.00015 13/03/ 0.00750 0.00534 2.86201 -6.61689E-
09 244.99 0943 8548 2981 2009 5750 6363 9772 E-05 05
16/03/20 0.03941 0.03522 0.00124 16/03/ 0.05300 0.05084 0.00258 0.0017909
09 254.84 8504 0899 0512 2009 6063 4872 8282 5548 22
17/03/20 0.04878 0.04458 0.00198 17/03/ 0.01229 0.01013 0.00010 0.0004519
09 267.58 269 5085 783 2009 6138 4229 7638 2772 87
18/03/20 0.00900 0.00480 2.30954 18/03/ 0.02063 0.01848 0.00034 8.88233E-
09 270 3372 5767 E-05 2009 6266 9236 2646 1608 05
-
20/03/20 0.00419 1.76199 20/03/ 0.01174 0.00958 9.18528 -4.02298E-
09 270 0 7604 E-05 2009 6340 0576 3985 E-05 05
24/03/20 0.03070 0.02651 0.00070 24/03/ 0.04276 0.04060 0.00164 0.0010765
09 278.42 8806 1201 2844 2009 6617 3327 6736 8907 33
25/03/20 0.04075 0.03655 0.00133 25/03/ 0.00857 0.00642 4.12253 0.0002346
09 290 0158 2554 6089 2009 6674 7285 0695 E-05 93
27/03/20 0.01199 0.00779 6.08261 27/03/ 0.02251 0.02036 0.00041 0.0001588
09 293.5 6716 9112 E-05 2009 6826 947 2879 4647 12
- - -
30/03/20 0.01891 0.02311 0.00053 30/03/ 0.02731 0.02515 0.00063 0.0005814
09 288 7159 4764 4292 2009 7015 1863 5272 2788 58
- - - -
31/03/20 0.04618 0.05038 0.00253 31/03/ 0.02234 0.02449 0.00060 0.0012344
09 275 9382 6987 8848 2009 6860 3272 9863 0243 74
- - -
0.01834 0.02254 0.00050 1/4/20 0.01274 0.01058 0.00011 0.0002387
1/4/2009 270 9139 6743 8356 09 6948 6407 9816 2144 66
0.00741 0.00321 1.03637 2/4/20 0.03437 0.03221 0.00103 0.0001037
2/4/2009 272.01 6871 9267 E-05 09 7191 6396 9805 8116 24
0.02744 0.02325 0.00054 3/4/20 0.03296 0.03080 0.00094 0.0007163
3/4/2009 279.58 9647 2042 0657 09 7432 4757 8167 9143 53
0.00506 0.00086 7.54445 6/4/20 0.01150 0.00934 8.73954 8.12004E-
6/4/2009 281 6192 8588 E-07 09 7518 5144 8553 E-05 06
0.01114 0.00694 4.83024 7/4/20 0.01544 0.01328 0.00017 9.2339E-
7/4/2009 284.15 7598 9994 E-05 09 7635 2794 6203 6523 05
- - - -
0.04671 0.05091 0.00259 8/4/20 0.03940 0.04156 0.00172 0.0021161
8/4/2009 271.18 9461 7065 2548 09 7340 4096 0687 7291 48
- - - -
0.01366 0.01786 0.00031 9/4/20 0.00614 0.00830 6.89938 0.0001483
9/4/2009 267.5 3241 0845 901 09 7295 9661 6251 E-05 57
10/4/200 0.05296 0.04876 0.00237 10/4/2 0.04358 0.04143 0.00171 0.0020204
9 282.05 4794 7189 8239 009 7620 7188 0597 6494 54
13/04/20 0.04878 0.04458 0.00198 13/04/ 0.03253 0.03037 0.00092 0.0013544
09 296.15 1723 4118 7744 2009 7872 579 9199 2896 3
- - -
14/04/20 0.04860 0.04440 0.00197 14/04/ 0.00509 0.00725 5.25748 0.0003219
09 310.9 5234 763 2038 2009 7832 4255 0845 E-05 93
- - -
15/04/20 0.02884 0.02465 0.00060 15/04/ 0.00319 0.00535 2.86624 0.0001319
09 320 9679 2074 7725 2009 7807 7138 3729 E-05 81
- - - -
16/04/20 0.03174 0.03594 0.00129 16/04/ 0.01770 0.01986 0.00039 0.0007139
09 310 8698 6303 2137 2009 7670 4152 0743 4449 2
17/04/20 0.04108 0.03688 0.00136 17/04/ 0.01603 0.01388 0.00019 0.0005119
09 323 0026 2421 0313 2009 7794 7592 1001 2682 65
20/04/20 0.01169 0.00749 5.62265 20/04/ 0.01376 0.01160 0.00013
09 326.8 604 8435 E-05 2009 7902 1685 5094 4678 8.702E-05
- - - -
21/04/20 0.02099 0.02519 0.00063 21/04/ 0.00864 0.01079 0.00011 0.0002720
09 320.01 6118 3722 4724 2009 7834 2657 9248 6624 73
- - - -
22/04/20 0.04994 0.05414 0.00293 22/04/ 0.03375 0.03590 0.00128 0.0019441
09 304.42 3918 1523 1305 2009 7574 1906 8497 942 41
 - - - -
23/04/20 0.03482 0.03902 0.00152 23/04/ 0.03042 0.03258 0.00106 0.0012717
09 294 856 6164 3041 2009 7347 9263 5854 1838 01
24/04/20 0.04000 0.03580 0.00128 24/04/ 0.03635 0.03419 0.00116 0.0012244
09 306 5335 773 2194 2009 7619 3061 647 9399 98
- - - -
27/04/20 0.05112 0.05531 0.00306 27/04/ 0.03676 0.03891 0.00151 0.0021529
09 290.75 1311 8915 0182 2009 7344 1474 8065 4616 05
- - -
28/04/20 0.01647 0.02066 0.00042 28/04/ 0.00813 0.00598 3.57622 0.0001236
09 286 1981 9585 7232 2009 7404 6741 0151 E-05 07
- - -
29/04/20 0.02738 0.02318 0.00053 29/04/ 0.01812 0.02028 0.00041 0.0004702
09 293.94 3854 625 7602 2009 7271 6561 3152 1406 9
- - - -
30/04/20 0.00627 0.01047 0.00010 30/04/ 0.01036 0.01252 0.00015 0.0001312
09 292.1 9455 706 9769 2009 7196 8518 5108 6878 26
- - - -
0.00687 0.01106 0.00012 4/5/20 0.01893 0.02109 0.00044 0.0002334
4/5/2009 290.1 0518 8123 2503 09 7061 8632 5222 5008 85
- -
0.00379 0.00799 6.39457 5/5/20 0.00282 0.00067 4.51403 -5.37264E-
5/5/2009 289 9003 6608 E-05 09 7081 8456 1865 E-07 06
- - -
0.00259 0.00679 4.61874 6/5/20 0.01749 0.01534 0.00023 0.0001042
6/5/2009 288.25 8529 6133 E-05 09 7206 8872 2281 5386 68
- - -
0.01634 0.01214 0.00014 7/5/20 0.01130 0.01346 0.00018 0.0001635
7/5/2009 293 445 6845 7546 09 7125 4286 0877 1195 07
- - -
0.01547 0.01967 0.00038 8/5/20 0.00056 0.00159 2.54512 3.13886E-
8/5/2009 288.5 7523 5128 7111 09 7129 1246 5345 E-06 05
- - - -
11/5/200 0.00173 0.00593 3.51911 11/5/2 0.00098 0.00313 9.85318 1.86211E-
9 288 4606 221 E-05 009 7122 2387 8978 E-06 05
12/5/200 0.05017 0.04598 0.00211 12/5/2 0.02427 0.02211 0.00048 0.0010170
9 302.82 8089 0485 4205 009 7297 472 8129 9212 02
- -
13/05/20 0.00750 0.00330 1.09126 13/05/ 0.00756 0.00972 9.45267 -3.21174E-
09 305.1 1022 3418 E-05 2009 7242 5893 2484 E-05 05
- - - -
14/05/20 0.01602 0.02022 0.00040 14/05/ 0.01390 0.01606 0.00025 0.0003247
09 300.25 4131 1735 8919 2009 7142 4562 1153 7961 84
- -
15/05/20 0.02444 0.02864 0.00082 15/05/ 0.00488 0.00273 7.46398 -7.82465E-
09 293 2852 0456 0276 2009 7177 8619 2029 E-06 05
- - - -
18/05/20 0.00684 0.01104 0.00012 18/05/ 0.00069 0.00285 8.14248 3.15225E-
09 291 9342 6946 2035 2009 7172 6913 3503 E-06 05
- -
19/05/20 0.00770 0.00350 1.22823 19/05/ 0.01474 0.01690 0.00028 -5.92458E-
09 293.25 222 4616 E-05 2009 7067 8494 5085 5782 05
- - - -
21/05/20 0.00119 0.00539 2.90719 21/05/ 0.01396 0.01612 0.00025 8.69213E-
09 292.9 4234 1838 E-05 2009 6969 4319 091 9884 05
22/05/20 0.04522 0.04102 0.00168 22/05/ 0.02508 0.02292 0.00052 0.0009404
09 306.45 3356 5752 3112 2009 7146 1017 4426 5529 92
25/05/20 0.02735 0.02316 0.00053 25/05/ 0.00251 0.00035 1.28977 8.31814E-
09 314.95 9286 1682 6463 2009 7164 5725 9134 E-07 06
- -
27/05/20 0.01584 0.02003 0.00040 27/05/ 0.00556 0.00341 1.16373 -6.83608E-
09 310 1599 9203 157 2009 7204 7943 1352 E-05 05
28/05/20 0.01600 0.01180 0.00013 28/05/ 0.01282 0.01067 0.00011 0.0001259
09 315 0341 2737 9305 2009 7297 6877 0287 3855 39
- - - -
29/05/20 0.00956 0.01376 0.00018 29/05/ 0.00288 0.00503 2.53878 6.93672E-
09 312 9451 7056 9532 2009 7276 2044 8635 E-05 05
- - - -
0.02105 0.02525 0.00063 1/6/20 0.01077 0.01293 0.00016 0.0003266
1/6/2009 305.5 3409 1014 7614 09 7198 8051 4642 7305 13
- - - -
0.00492 0.00911 8.31686 2/6/20 0.01019 0.01235 0.00015 0.0001126
2/6/2009 304 2077 9682 E-05 09 7125 3484 0074 2524 29
3/6/2009 303 - - 5.61376 3/6/20 7000 - - 0.00039 0.0001487
 0.00329 0.00749 0.01769 0.01985
4896 25 E-05 09 9577 6168 4267 72
- - - -
0.00165 0.00584 3.42124 4/6/20 0.01947 0.02163 0.00046 0.0001265
4/6/2009 302.5 1528 9133 E-05 09 6865 411 0701 7887 21
0.02777 0.02357 0.00055 5/6/20 0.00638 0.00423 1.79122 9.97901E-
5/6/2009 311.02 5941 8337 5938 09 6909 887 228 E-05 05
0.00953 0.00533 2.8496E 9/6/20 0.02473 0.02257 0.00050 0.0001205
9/6/2009 314 5767 8163 -05 09 7082 1444 4853 9624 08
- - - -
10/6/200 0.01346 0.01766 0.00031 10/6/2 0.00552 0.00767 5.89629 0.0001356
9 309.8 6058 3662 2005 009 7043 2138 8729 E-05 34
11/6/200 0.00787 0.00367 1.35396 11/6/2 0.00679 0.00463 2.14885 1.70571E-
9 312.25 7221 9617 E-05 009 7091 2159 5568 E-05 05
- -
12/6/200 0.01193 0.00774 5.99147 12/6/2 0.00324 0.00540 2.92185 -4.18404E-
9 316 8065 046 E-05 009 7068 882 5411 E-05 05
- - - -
15/06/20 0.02240 0.02659 0.00070 15/06/ 0.01827 0.02043 0.00041 0.0005434
09 309 0937 8541 7482 2009 6940 578 2371 7482 71
- - - -
16/06/20 0.00324 0.00743 5.53402 16/06/ 0.00984 0.01200 0.00014 8.92928E-
09 308 1494 9098 E-05 2009 6872 659 3181 4076 05
17/06/20 0.02247 0.01827 0.00033 17/06/ 0.02911 0.02695 0.00072 0.0004926
09 315 2856 5251 3985 2009 7075 2259 5668 6608 22
- - - -
18/06/20 0.00960 0.01379 0.00019 18/06/ 0.00694 0.00910 8.2928E 0.0001256
09 311.99 1503 9107 0415 2009 7026 989 648 -05 61
-
19/06/20 0.01435 0.01015 0.00010 19/06/ 0.00184 0.00030 9.48825 -3.12789E-
09 316.5 2106 4501 3114 2009 7039 8561 803 E-08 06
22/06/20 0.00504 0.00084 7.13945 22/06/ 0.00255 0.00039 1.57868 3.35722E-
09 318.1 2557 4953 E-07 2009 7057 3917 7327 E-07 07
- - - -
23/06/20 0.00343 0.00763 5.82182 23/06/ 0.00596 0.00812 6.60304 6.20014E-
09 317.01 248 0084 E-05 2009 7015 9318 5909 E-05 05
- - -
24/06/20 0.01273 0.01692 0.00028 24/06/ 0.00199 0.00016 2.65221 2.75679E-
09 313 0129 7733 6548 2009 7029 3735 2856 E-08 06
-
25/06/20 0.00322 0.00097 9.52503 25/06/ 0.01370 0.01154 0.00013 -1.12714E-
09 314.01 1642 5963 E-07 2009 7126 5619 9028 338 05
26/06/20 0.01419 0.01000 0.00010 26/06/ 0.00489 0.00274 7.52393 2.74299E-
09 318.5 7642 0038 0001 2009 7161 9569 2978 E-06 05
- -
29/06/20 0.00427 0.00847 7.18555 29/06/ 0.00626 0.00410 1.68739 -3.48207E-
09 317.14 9158 6763 E-05 2009 7206 4376 7786 E-05 05
- - -
30/06/20 0.00239 0.00180 3.25461 30/06/ 0.00514 0.00730 5.33547 1.31776E-
09 317.9 3551 4053 E-06 2009 7169 7837 4428 E-05 05
0.04637 0.04217 0.00177 1/7/20 0.01399 0.01183 0.00014 0.0004991
1/7/2009 332.99 5592 7987 8983 09 7270 0117 3526 0032 14
0.04503 0.04084 0.00166 2/7/20 0.03047 0.02832 0.00080 0.0011567
2/7/2009 348.33 7847 0242 7925 09 7495 984 3249 2206 28
- - - -
0.03901 0.04321 0.00186 3/7/20 0.00401 0.00616 3.80355 0.0002665
3/7/2009 335 9774 7379 7742 09 7465 0701 7291 E-05 34
- - -
0.00598 0.01018 0.00010 6/7/20 0.01224 0.01009 0.00010 0.0001027
6/7/2009 333 8042 5646 3747 09 7557 8855 2264 1854 96
- -
0.01342 0.00922 8.51083 7/7/20 0.00225 0.00440 1.94366 -4.0672E-
7/7/2009 337.5 302 5416 E-05 09 7540 2104 8695 E-05 05
- - - -
0.01643 0.02062 0.00042 8/7/20 0.00986 0.01201 0.00014 0.0002479
8/7/2009 332 0541 8146 552 09 7466 2802 9392 4466 38
- - -
0.00075 0.00344 1.18672 9/7/20 0.00362 0.00577 3.34031 1.99098E-
9/7/2009 332.25 2729 4876 E-05 09 7439 2949 954 E-05 05
13/07/20 0.04343 0.03923 0.00153 13/07/ 0.03240 0.03024 0.00091 0.0011868
09 347 7082 9478 9737 2009 7684 3814 7223 4894 85
- - - -
14/07/20 0.00580 0.01000 0.00010 14/07/ 0.00692 0.00907 8.24089 9.08425E-
09 344.99 9349 6953 0139 2009 7631 1347 7937 E-05 05
 -
15/07/20 0.00292 0.00127 1.62374 15/07/ 0.00718 0.00502 2.52507 -6.40316E-
09 346 3344 4261 E-06 2009 7686 1594 5003 E-05 06
- -
16/07/20 0.00216 0.00636 4.05462 16/07/ 0.00376 0.00160 2.59018 -1.0248E-
09 345.25 9983 7587 E-05 2009 7715 5994 9403 E-06 05
17/07/20 0.03486 0.03066 0.00094 17/07/ 0.00633 0.00417 1.74272 0.0001280
09 357.5 657 8965 0585 2009 7764 1179 4589 E-05 3
- - - -
20/07/20 0.00139 0.00559 3.13285 20/07/ 0.00788 0.01004 0.00010 5.62203E-
09 357 958 7185 E-05 2009 7703 7802 4393 089 05
21/07/20 0.00836 0.00417 1.73943 21/07/ 0.01110 0.00894 8.00314 3.73107E-
09 360 825 0645 E-05 2009 7789 2619 6028 E-05 05
- -
22/07/20 0.01398 0.01818 0.00033 22/07/ 0.00346 0.00130 -2.37089E-
09 355 6242 3846 0652 2009 7816 0433 3842 1.7E-06 05
-
23/07/20 0.00419 1.76199 23/07/ 0.00599 0.00383 1.47357 -1.61134E-
09 355 0 7604 E-05 2009 7863 5298 8708 E-05 05
- - - -
24/07/20 0.00851 0.01271 0.00016 24/07/ 0.01086 0.01302 0.00016 0.0001655
09 351.99 5023 2628 1611 2009 7778 8977 5568 9665 89
- - - -
27/07/20 0.01140 0.01559 0.00024 27/07/ 0.01033 0.01249 0.00015
09 348 0286 7891 3294 2009 7698 8681 5272 6132 0.0001949
- - -
28/07/20 0.02830 0.02410 0.00058 28/07/ 0.00481 0.00697 4.86454 0.0001681
09 357.99 2573 4969 105 2009 7661 8031 4622 E-05 23
- - -
29/07/20 0.01582 0.01162 0.00013 29/07/ 0.02057 0.02272 0.00051 0.0002642
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- - -
30/07/20 0.01915 0.02335 0.00054 30/07/ 0.00215 4.65088 5.03597E-
09 356.8 3951 1556 5295 2009 7505 0 6591 E-06 05
31/07/20 0.03117 0.02698 0.00072 31/07/ 0.02902 0.02686 0.00072 0.0007248
09 368.1 924 1635 8009 2009 7726 1799 5208 1739 67
- - - -
0.01671 0.02090 0.00043 3/8/20 0.00129 0.00345 1.19146 7.21695E-
3/8/2009 362 0429 8033 7146 09 7716 5169 176 E-05 05
0.00806 0.00386 1.49285 4/8/20 0.01031 0.00815 6.65545 3.15207E-
4/8/2009 364.93 1343 3738 E-05 09 7796 4687 8096 E-05 05
0.04500 0.04081 0.00166 5/8/20 0.00447 0.00232 5.3956E 9.47962E-
5/8/2009 381.73 7998 0394 5488 09 7831 9434 2843 -06 05
- - -
10/8/200 0.00720 0.01140 0.00012 10/8/2 0.03204 0.02988 0.00089 0.0003407
9 378.99 3733 1337 999 009 8086 3955 7365 3255 56
- - - -
11/8/200 0.01271 0.01691 0.00028 11/8/2 0.00371 0.00587 3.44993 9.93639E-
9 374.2 9406 701 6185 009 8056 7016 3607 E-05 05
- - -
12/8/200 0.00592 0.01012 0.00010 12/8/2 0.00012 0.00203 4.13092 2.05707E-
9 371.99 3442 1046 2436 009 8057 4123 2467 E-06 05
- - - -
17/08/20 0.01078 0.01498 0.00022 17/08/ 0.01576 0.01791 0.00032 0.0002684
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18/08/20 0.01352 0.00932 8.69498 18/08/ 0.00803 0.00588 3.45817 5.4835E-
09 373.01 2291 4686 E-05 2009 7995 7215 0624 E-05 05
- -
19/08/20 0.00532 0.00112 1.26156 19/08/ 0.00551 0.00767 5.89092 -8.62076E-
09 375 0797 3193 E-06 2009 7951 8639 523 E-05 06
-
20/08/20 0.00419 1.76199 20/08/ 0.00376 0.00160 2.59023 -6.75571E-
09 375 0 7604 E-05 2009 7981 601 9419 E-06 06
21/08/20 0.01429 0.01009 0.00010 21/08/ 0.01677 0.01461 0.00021 0.0001476
09 380.4 7305 97 2004 2009 8116 3705 7114 366 28
24/08/20 0.02042 0.01622 0.00026 24/08/ 0.02181 0.01965 0.00038 0.0003190
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- - - -
25/08/20 0.00633 0.01052 0.00011 25/08/ 0.00592 0.00808 6.53071 8.50794E-
09 385.8 0362 7966 0838 2009 8246 4689 128 E-05 05
-
26/08/20 0.00023 0.00396 1.57161 26/08/ 0.00893 0.00677 4.59336 -2.68681E-
09 385.89 3254 435 E-05 2009 8320 4021 743 E-05 05
27/08/20 401.6 0.03990 0.03570 0.00127 27/08/ 8315 - - 7.60509 -9.84693E-
 0.00060 0.00275
09 4214 6609 4962 2009 1142 7733 E-06 05
- - -
28/08/20 0.03961 0.04381 0.00191 28/08/ 0.02681 0.02466 0.00060 0.0010805
09 386 9199 6803 9912 2009 8541 6984 0394 8135 4
-
31/08/20 0.00419 1.76199 31/08/ 0.01556 0.01341 0.00017 -5.62926E-
09 386 0 7604 E-05 2009 8675 7229 0638 9845 05
- -
0.00514 0.00934 8.72419 1/9/20 0.01077 0.00862 7.43192 -8.05217E-
1/9/2009 384.02 2735 0339 E-05 09 8769 7449 0858 E-05 05
-
0.00124 0.00294 8.69336 2/9/20 0.00987 0.00771 5.9534E -2.27497E-
2/9/2009 384.5 9154 845 E-06 09 8856 2421 583 -05 05
- - - -
0.02501 0.02921 0.00085 3/9/20 0.00566 0.00781 6.11286 0.0002284
3/9/2009 375 7763 5367 3538 09 8806 1888 8479 E-05 2
0.01587 0.01167 0.00013 4/9/20 0.02201 0.01985 0.00039 0.0002318
4/9/2009 381 3349 5745 6323 09 9002 3468 6877 4296 44
- - - -
0.02929 0.03349 0.00112 7/9/20 0.01274 0.01490 0.00022 0.0004991
7/9/2009 370 6369 3974 1846 09 8888 4723 1313 2049 04
- - - -
0.00814 0.01233 0.00015 8/9/20 0.00688 0.00904 8.17838 0.0001115
8/9/2009 367 1158 8762 2245 09 8827 6846 3437 E-05 85
0.04011 0.03591 0.00128 9/9/20 0.02748 0.02533 0.00064 0.0009097
9/9/2009 382.02 1115 3511 978 09 9073 7764 1173 1668 31
- - - -
11/9/200 0.01322 0.01742 0.00030 11/9/2 0.00220 0.00436 1.9039E 7.60333E-
9 377 7776 538 3644 009 9053 6776 3366 -05 05
- -
14/09/20 0.00531 0.00951 9.05688 14/09/ 0.00242 0.00027 7.32216 -2.57519E-
09 375 9161 6766 E-05 2009 9075 7186 0595 E-08 06
- - - -
15/09/20 0.04821 0.05240 0.00274 15/09/ 0.00486 0.00701 4.92364 0.0003677
09 357.35 0332 7937 6592 2009 9031 0277 6868 E-05 4
16/09/20 0.01788 0.01369 0.00018 16/09/ 0.01221 0.01005 0.00010 0.0001377
09 363.8 8572 0968 7443 2009 9142 6077 9486 1193 24
- - -
17/09/20 0.05329 0.05748 0.00330 17/09/ 0.00806 0.00590 3.4873E 0.0003394
09 344.92 176 9364 5027 2009 9216 1924 5333 -05 94
18/09/20 0.05850 0.05430 0.00294 18/09/ 0.02359 0.02143 0.00045 0.0011639
09 365.7 0819 3215 8839 2009 9436 1058 4467 9436 6
24/09/20 0.04242 0.03823 0.00146 24/09/ 0.03088 0.02873 0.00082 0.0010984
09 381.55 8579 0974 1607 2009 9732 7263 0673 5452 02
- - - -
25/09/20 0.00961 0.01380 0.00019 25/09/ 0.00721 0.00937 8.78972 0.0001294
09 377.9 2293 9898 0713 2009 9662 8759 535 E-05 73
- - - -
30/09/20 0.04577 0.04997 0.00249 30/09/ 0.03293 0.03508 0.00123 0.0017535
09 360.99 9353 6958 7696 2009 9349 128 7871 1159 85
- - - -
1/10/200 0.01391 0.01811 0.00032 1/10/2 0.00514 0.00730 5.33492 0.0001323
9 356 9526 7131 823 009 9301 7464 4055 E-05 29
2/10/200 0.03369 0.02949 0.00087 2/10/2 0.01821 0.01606 0.00025 0.0004737
9 368.2 5538 7933 0128 009 9472 8157 1566 7974 83
- -
5/10/200 0.00024 0.00444 1.9732E 5/10/2 0.00263 0.00047 2.29719 -2.12904E-
9 368.11 4462 2067 -05 009 9497 5881 929 E-07 06
6/10/200 0.00644 0.00224 5.0492E 6/10/2 0.01825 0.01610 0.00025 3.61831E-
9 370.49 4647 7043 -06 009 9672 9154 2563 9293 05
7/10/200 0.02402 0.01983 0.00039 7/10/2 0.01681 0.01465 0.00021 0.0002906
9 379.5 8143 0539 325 009 9836 4011 742 484 65
- -
8/10/200 0.00656 0.00236 5.60935 8/10/2 0.00980 0.01196 0.00014 -2.8337E-
9 382 6012 8407 E-06 009 9740 8007 4597 3152 05
9/10/200 0.00522 0.00102 1.04927 9/10/2 0.00501 0.00286 8.18874 2.93125E-
9 384 1944 4339 E-06 009 9789 8189 1598 E-06 06
- - - -
12/10/20 0.05863 0.06283 0.00394 12/10/ 0.01513 0.01728 0.00029 0.0010862
09 362.13 9289 6894 8475 2009 9642 075 7341 8852 83
-
13/10/20 0.00239 0.00179 3.23292 13/10/ 0.00455 0.00239 5.74272 -4.3088E-
09 363 9571 8034 E-06 2009 9686 2988 6397 E-06 06
14/10/20 0.01633 0.01214 0.00014 14/10/ 0.01210 0.00995 9.90489 0.0001208
09 368.98 9608 2003 7428 2009 9804 8922 2331 E-05 41
- -
15/10/20 0.00810 0.01230 0.00015 15/10/ 0.00356 0.00140 1.97971 -1.73158E-
09 366 9109 6713 1455 2009 9839 3614 7023 E-06 05
- - -
16/10/20 0.00136 0.00283 8.02258 16/10/ 0.00010 0.00225 5.09961 6.39625E-
09 366.5 5188 2417 E-06 2009 9838 1642 8232 E-06 06
- - - -
19/10/20 0.03185 0.03605 0.00129 19/10/ 0.03970 0.04186 0.00175 0.0015092
09 355.01 2563 0168 9615 2009 9455 8736 5327 2706 52
20/10/20 0.03862 0.03442 0.00118 20/10/ 0.01240 0.01024 0.00010 0.0003527
09 368.99 3585 5981 5148 2009 9573 2934 6343 4988 4
- - - -
21/10/20 0.03867 0.04287 0.00183 21/10/ 0.03464 0.03680 0.00135 0.0015780
09 354.99 9923 7528 8482 2009 9247 7461 4052 4538 67
- - - -
22/10/20 0.01415 0.01835 0.00033 22/10/ 0.01120 0.01335 0.00017 0.0002451
09 350 6466 407 6872 2009 9144 1248 7839 8432 71
- - -
23/10/20 0.00716 0.01136 0.00012 23/10/ 0.00185 0.00029 8.95052 3.40044E-
09 347.5 8489 6094 9188 2009 9161 7417 9174 E-08 06
26/10/20 0.01853 0.01433 0.00020 26/10/ 0.02734 0.02519 0.00063 0.0003611
09 354 2248 4644 5482 2009 9415 8819 2228 4648 22
- - - -
27/10/20 0.00282 0.00702 4.93711 27/10/ 0.00906 0.01122 0.00012 7.88772E-
09 353 8856 6461 E-05 2009 9330 9147 5738 6017 05
- - - -
28/10/20 0.02422 0.02842 0.00080 28/10/ 0.00731 0.00947 8.97112 0.0002692
09 344.55 8839 6444 8063 2009 9262 5007 1598 E-05 44
- - - -
29/10/20 0.03073 0.03493 0.00122 29/10/ 0.00911 0.01126 0.00012 0.0003936
09 334.12 9008 6612 0567 2009 9178 0692 7283 6952 41
- - - -
30/10/20 0.00335 0.00755 5.70829 30/10/ 0.00294 0.00510 2.6038E 3.85529E-
09 333 772 5324 E-05 2009 9151 6153 2744 -05 05
- - - -
2/11/200 0.04775 0.05195 0.00269 2/11/2 0.03367 0.03582 0.00128 0.0018615
9 317.47 9164 6769 9506 009 8848 1718 8309 3668 23
3/11/200 0.04475 0.04055 0.00164 3/11/2 0.01414 0.01198 0.00014 0.0004859
9 332 1643 4039 463 009 8974 0063 3472 3604 78
- - -
4/11/200 0.00604 0.01023 0.00010 4/11/2 0.01985 0.01770 0.00031 0.0001812
9 330 2314 9919 4856 009 9154 9435 2844 3391 76
- - -
5/11/200 0.00302 0.00117 1.37331 5/11/2 0.00459 0.00675 4.56342 7.91643E-
9 331 5721 1884 E-06 009 9112 8716 5307 E-05 06
- - - -
6/11/200 0.01215 0.01635 0.00026 6/11/2 0.01883 0.02098 0.00044 0.0003433
9 327 8204 5809 7512 009 8942 2948 9539 0561 01
- - - -
11/11/20 0.01540 0.01960 0.00038 11/11/ 0.00156 0.00372 1.38642 7.30031E-
09 322 8625 623 4404 2009 8928 6872 3463 E-05 05
- - - -
12/11/20 0.01391 0.01811 0.00032 12/11/ 0.00168 0.00383 1.47311 6.9523E-
09 317.55 6259 3864 8112 2009 8913 152 8111 E-05 05
13/11/20 0.01562 0.01142 0.00013 13/11/ 0.01591 0.01376 0.00018 0.0001572
09 322.55 2877 5272 0537 2009 9056 6636 0046 9339 12
16/11/20 0.02586 0.02166 0.00046 16/11/ 0.02766 0.02550 0.00065 0.0005525
09 331 0212 2608 9269 2009 9310 157 4979 0504 04
- - - -
17/11/20 0.01519 0.01938 0.00037 17/11/ 0.01145 0.01360 0.00018 0.0002638
09 326.01 032 7924 5892 2009 9204 0919 751 5164 21
- - - -
18/11/20 0.00924 0.01344 0.00018 18/11/ 0.00457 0.00673 4.52965 9.04708E-
09 323.01 4773 2378 0698 2009 9162 3677 0267 E-05 05
19/11/20 0.04580 0.04160 0.00173 19/11/ 0.00966 0.00751 5.64086 0.0003125
09 338.15 6302 8697 1284 2009 9251 7158 0568 E-05 05
20/11/20 0.00971 0.00551 3.04049 20/11/ 0.00592 0.00377 1.42213 2.07941E-
09 341.45 1671 4067 E-05 2009 9306 77 1109 E-05 05
- - - -
23/11/20 0.02280 0.02700 0.00072 23/11/ 0.01102 0.01317 0.00017 0.0003558
09 333.75 9046 665 9359 2009 9204 1181 7772 3654 87
25/11/20 335 0.00373 - 2.1094E 25/11/ 9204 0 - 4.65088 9.90484E-
 0.00045 0.00215
09 8322 9282 -07 2009 6591 E-06 07
- - -
26/11/20 0.00089 0.00509 2.5944E 26/11/ 0.00021 0.00193 3.76095 9.87797E-
09 334.7 5924 3528 -05 2009 9206 7273 9318 E-06 06
- - - -
1/12/200 0.00960 0.01380 0.00019 1/12/2 0.02052 0.02267 0.00051 0.0003130
9 331.5 6799 4403 0562 009 9019 1982 8573 4318 64
- -
2/12/200 0.00150 0.00570 3.25703 2/12/2 0.00751 0.00535 2.86735 -3.05599E-
9 331 9434 7039 E-05 009 9087 1358 4767 E-05 05
-
3/12/200 0.00752 0.00332 1.10682 3/12/2 0.00098 0.00116 1.36108 -3.88133E-
9 333.5 449 6885 E-05 009 9096 9936 6655 E-06 06
- - - -
4/12/200 0.01662 0.02082 0.00043 4/12/2 0.00961 0.01176 0.00013 0.0002450
9 328 9257 6861 3758 009 9009 0679 727 8469 75
- - - -
8/12/200 0.02157 0.02577 0.00066 8/12/2 0.01859 0.02075 0.00043 0.0005348
9 321 2485 009 4098 009 8843 7892 4483 0749 45
9/12/200 0.01084 0.00664 4.41801 9/12/2 0.00698 0.00483 2.33303 3.2105E-
9 324.5 4413 6809 E-05 009 8905 6731 014 E-05 05
11/12/20 0.03187 0.02767 0.00076 11/12/ 0.01471 0.01255 0.00015 0.0003475
09 335.01 4846 7241 603 2009 9037 4344 7753 7697 64
14/12/20 0.04091 0.03671 0.00134 14/12/ 0.02653 0.02437 0.00059 0.0008950
09 349 154 3936 7913 2009 9280 4286 7695 4272 01
- - - -
15/12/20 0.01818 0.02238 0.00050 15/12/ 0.00150 0.00366 1.34421 8.2071E-
09 342.71 7314 4918 1085 2009 9266 976 6351 E-05 05
- - -
16/12/20 0.00375 0.00044 1.94089 16/12/ 0.00140 0.00356 1.26775 1.56862E-
09 344 7049 0556 E-07 2009 9253 3964 0554 E-05 06
- - - -
17/12/20 0.00875 0.01295 0.00016 17/12/ 0.00281 0.00497 2.47053 6.4401E-
09 341 918 6785 7878 2009 9227 3855 0445 E-05 05
- - -
18/12/20 0.00419 1.76199 18/12/ 0.00478 0.00693 4.81166 2.91171E-
09 341 0 7604 E-05 2009 9183 002 6611 E-05 05

0.0041 0.0021
XBAR 97604 YBAR 56591
VARIAN 0.0007 VARIAN 0.0003
CE (X) 58943 CE(Y) 31081
0.0275 0.0181
SD(X) 48917 SD(Y) 9564

CO
VARIA 0.0003
NCE 22043
0.9727
BETA 0179

MARKET
Return 21%
Risk
Free 12.50%