Standard Correlation

Deviation
Err:502
Using Actual returns
^DJI
4.4%
100%
IBM
9.2%
65%
MSFT
10.9%
48%
C
8.5%
73%
Using Randomized returns
^DJI
4.1%
100%
IBM
8.0%
68%
MSFT
10.9%
44%
C
8.2%
68%

Beta
Err:502
1.00
1.36
1.18
1.40

1.00
1.34
1.17
1.38

Annualized
Return

???

6.5%
-34.7%
-42.2%
-38.8%

8.6%
7.6%
4.7%
2.4%

Growth of $1.00 : using Randomized Returns

$9.00
^DJI
$8.00

IBM

MSFT

Err:502

$7.00
$6.00
$5.00
$4.00

???

3624

Stock Prices:

Dates

IBM

^DJI

30-Apr-97

7008.99

1-May-97

7331.04

2-Jun-97

7672.79

30.0%

1-Jul-97

8222.61

1-Aug-97

7622.42

2-Sep-97
1-Oct-97

7945.26
f(x) = 1.36x + 0.00
10.0%
7442.08

3-Nov-97

7823.13

1-Dec-97
-20.0%

2-Jan-98

7908.25

-15.0%

-10.0%

7906.50

20.0%

0.0%
-5.0%

0.0%

8545.72

2-Mar-98

8799.81

1-Apr-98

9063.37

1-May-98

8899.95

1-Jun-98

8952.02

-30.0%

MSFT
1-Jul-98

8883.29

50.0%

3-Aug-98

7539.07

1-Sep-98

7842.62

-20.0%

40.0%

1-Oct-98

8592.10

2-Nov-98

9116.55

1-Dec-98

9181.43

4-Jan-99
1-Feb-99

9358.83
10.0%
f(x) = 1.18x + 0.01
9306.58

1-Mar-99

9786.16

30.0%
20.0%

0.0%
-5.0%
0.0%
-10.0%

1-Jun-99

10970.80

1-Jul-99

10655.15

2-Aug-99

10829.28

1-Sep-99

10336.95

$1.00

1-Oct-99
C
1-Nov-99

10729.86

-40.0%

10877.81

30.0%

$0.00

1-Dec-99

11497.12

3-Jan-00

10940.53

1-Feb-00
1-Mar-00

10128.31
f(x) = 1.40x + 0.01
10921.92

3-Apr-00

10733.91

1-May-00

10522.33

$2.00

Enter your Allocations

^DJI
IBM
MSFT
50%
20%
10%

C
20%

On this sheet, press F9 to get a rearrangement of monthly returns

and the resultant Ratios, above.

5.0%

-20.0%
-30.0%

20.0%

10.0%

1-Jun-00
10447.89
-20.0% -15.0%
-10.0%

Notes:
On the "assets" sheet, type in Yahoo symbols
then click the DOWNLOAD button.

5.0%

-10.0%

2-Feb-98

1-Apr-99
10789.04
-20.0% -15.0%
-10.0%
3-May-99
10559.74

$3.00

40.0%

3-Jul-00

10521.98

1-Aug-00

11215.10

1-Sep-00

10650.92

2-Oct-00

10971.14

1-Nov-00

10414.49

1-Dec-00

10787.99

2-Jan-01

10887.36

1-Feb-01

10495.28

0.0%
-5.0%

0.0%

-10.0%

-20.0%

-30.0%

-40.0%

5.0%

1-Mar-01

9878.78

2-Apr-01

10734.97

1-May-01

10911.94

1-Jun-01

10502.40

2-Jul-01

10522.81

1-Aug-01

9949.75

4-Sep-01

8847.56

1-Oct-01

9075.14

1-Nov-01

9851.56

3-Dec-01

10021.57

2-Jan-02

9920.00

1-Feb-02

10106.13

1-Mar-02

10403.94

1-Apr-02

9946.22

1-May-02

9925.25

3-Jun-02

9243.26

1-Jul-02

8736.59

1-Aug-02

8663.50

3-Sep-02

7591.93

1-Oct-02

8397.03

1-Nov-02

8896.09

2-Dec-02

8341.63

2-Jan-03

8053.81

3-Feb-03

7891.08

3-Mar-03

7992.13

1-Apr-03

8480.09

1-May-03

8850.26

2-Jun-03

8985.44

1-Jul-03

9233.80

1-Aug-03

9415.82

2-Sep-03

9275.06

1-Oct-03

9801.12

3-Nov-03

9782.46

1-Dec-03

10453.92

2-Jan-04

10488.07

2-Feb-04

10583.92

1-Mar-04

10357.70

1-Apr-04

10225.57

3-May-04

10188.45

1-Jun-04

10435.48

1-Jul-04

10139.71

2-Aug-04

10173.92

1-Sep-04

10080.27

1-Oct-04

10027.47

1-Nov-04

10428.02

1-Dec-04

10783.01

3-Jan-05

10489.94

1-Feb-05

10766.23

1-Mar-05

10503.76

1-Apr-05

10192.51

2-May-05

10467.48

1-Jun-05

10274.97

1-Jul-05

10640.91

1-Aug-05

10481.60

1-Sep-05

10568.70

3-Oct-05

10440.07

1-Nov-05

10805.87

1-Dec-05

10717.50

3-Jan-06

10864.86

1-Feb-06

10993.41

1-Mar-06

11109.32

3-Apr-06

11367.14

1-May-06

11168.31

1-Jun-06

11150.22

3-Jul-06

11185.68

1-Aug-06

11381.15

1-Sep-06

11679.07

2-Oct-06

12080.73

1-Nov-06

12221.93

1-Dec-06

12463.15

3-Jan-07

12621.69

1-Feb-07

12268.63

1-Mar-07

12354.35

2-Apr-07

13120.94

Stock Prices:

Stock Returns
IBM

MSFT

40.0%

IBM

^DJI

13.07

13.86

###

40.19

13.34

13.77

###

4.6%

41.93

13.59

15.79

###

4.7%

49.13

15.21

18.05

###

7.2%

47.18

14.22

15.94

###

-7.3%

-4.0%

49.34
f(x) = 1.36x + 0.00
10.0%
45.85

14.23

17.14

###

4.2%

4.6%

13.98

17.60

###

-7.1%

51.06

15.22

19.19

###

5.1%

48.79

13.90

20.33

###

1.1%

-4.4%

20.0%

0.0%

-15.0%

-10.0%

-5.0%

46.05

0.0%

5.0%

15.0%

^DJI

IBM

7.8%

-5.8%

15.0%2.1%

-0.6%

###

-1.7%

4.3%
1.9%
f(x) = 1.34x - 0.00
10.0%
17.2%
11.9%

14.7%

###

1.3%

2.1%

14.3%

###

4.0%

14.1%

-6.5%

-11.7%

###

9.6%

15.6%

0.1%

7.5%

###

6.1%

11.4%

0.0%
-1.8%

2.7%

###

1.6%

-0.8%

-6.3%

-20.0%

-15.0%

-10.0%

11.4%

5.0%

-5.0%
0.0%
8.9%
-5.0%

5.0%

10.0%

15.0%

9.0%

###

-6.3%

-7.1%

-8.7%

5.9%

###

6.1%

8.2%

18.70

###

0.0%

-5.6%

-10.0%
15.5%

-8.0%

###

-0.4%

0.7%

48.80

-10.0%

18.23

21.04

##

8.1%

6.0%

13.6%

12.5%

###

9.6%

15.6%

48.54

19.26

22.69

##

3.0%

-0.5%

5.7%

7.8%

###

4.0%

5.2%

-20.0%
54.14

19.39

23.19

##

3.0%

11.5%

0.7%
-20.0%

2.2%

###

2.7%

-0.8%

55.01

18.25

23.21

##

-1.8%

1.6%

-5.9%

0.1%

###

6.6%

17.7%

-30.0%
53.75

23.32

22.97

##

0.6%

-2.3%

-25.0%
27.8%

-1.0%

###

1.6%

-0.8%

62.03
50.0%

23.65

25.53

##

MSFT
-0.8%

15.4%

1.4%

11.1%

###

-0.6%

-7.2%

52.81

20.64

16.85

##

-15.1%

-14.9%

-12.7%

-34.0%

###

-0.4%

0.7%

40.0%
60.26

23.68

14.24

##

4.0%

14.1%

14.7%
30.0%

-15.5%

###

-0.4%

0.7%

69.64

22.78

17.92

##

9.6%

15.6%

-3.8%

25.8%

###

-0.8%

15.4%

77.55

26.25

19.15

##

6.1%

11.4%

20.0%
15.2%

6.9%

###

3.4%

12.7%

86.59
20.0%

29.84

18.94

##

0.7%

11.7%

13.7%

-1.1%

###

1.4%

-1.1%

86.06
10.0%
f(x) = 1.18x + 0.01
79.83

37.65

21.44

##

1.9%

13.2%

###

0.3%

7.1%

32.30

22.47

##

-0.6%

10.0%
f(x) = -0.6%
1.17x + 0.00 26.2%
-7.2%
-14.2%

4.8%

###

3.6%

12.5%

83.36
0.0%

38.56

24.43

##

5.2%

-5.6%

##

10.2%

-10.0%
109.23

34.99
5.0%
10.0% 28.71
15.0%
34.72
25.41

##

-2.1%

11.0%

121.70

38.81

27.33

##

3.9%

11.4%

118.35

36.92

25.71

##

-2.9%

-2.8%

117.40
-30.0%

39.83

25.64

##

1.6%

-0.8%

114.05

38.97

25.39

##

-4.5%

-2.9%

-40.0%
92.60

39.83

31.39

##

3.8%

-18.8%

97.27
30.0%

39.18

31.17

##

1.4%

101.81

50.24

32.22

##

5.7%

105.94
20.0%

42.11

32.98

##

-4.8%

4.1%

97.08
f(x) = 1.40x + 111.83
0.01

38.45

30.02

##

-7.4%

-8.4%

10.0%

45.72

34.74

##

7.8%

105.34

30.01

34.32

##

-1.7%

101.51
0.0%

26.92

36.17

##

-2.0%

30.0%

-15.0%

-10.0%

98.38 0.0%
-5.0%

-20.0%

-15.0%

-10.0%

103.630.0%
-5.0%

16.05

10.0%

MSFT
20.0%

37.28

30.0%

Randomized Returns

###

IBM

-15.0%

4.4%

-10.0%

18.0%

40.0%

0.0%

###

0.0%

###

0.3%

7.1%

-11.5%

###

-2.9%

-2.8%

11.8%
-20.0%

7.6%

###

0.2%

-7.3%

-4.9%

-5.9%

###

-1.8%

-1.8%

-30.0%7.9%

-0.3%

###

4.0%

14.1%

0.0%

-9.3%

-10.0%

-0.8%

5.0%

10.0%

15.0%

-2.2%

-1.0%

###

4.4%

3.9%

23.6%

###

-0.8%

-7.5%

5.0%

-1.6%
30.0%

-0.7%

###

5.7%

1.3%

4.7%

28.2%

3.4%

###

-5.9%

-3.7%

-16.2%

2.4%

###

2.7%

-0.8%

-8.7%

-9.0%

###

3.6%

12.5%

15.2%
18.9%
10.0%
f(x) = 1.38x - 0.01
-5.8%
-34.4%

15.7%

###

5.9%

10.3%

-1.2%

###

2.4%

-0.5%

5.4%

###

1.3%

0.6%

5.0% -3.1%
10.0% ###15.0%2.7%

-0.8%

-3.6%

35.05
15.0%

-0.7%
##-20.0%
-15.0%

41.01

##

0.7%

2.5%

125.02

30.04

45.40

##

6.6%

17.7%

106.65
-20.0%

25.95

42.04

##

-5.0%

-14.7%

93.28

29.63

40.92

##

3.0%

-12.5%

88.65

24.69

38.84

##

-5.1%

-5.0%

80.60

18.67

39.81

##

3.6%

-9.1%

106.20

26.27

43.64

##

0.9%

31.8%

94.83

25.39

38.44

##

-3.6%

-10.7%

-40.0%

19.4%

-40.0%2.2%

30.04

10.0%

8.7%

17.5%

-5.0%

106.18
-10.0%

-30.0%

34.42
5.0%

-20.0%

-15.0%

20.0%

-10.3%
0.0%

2.1% -5.0%
-10.0%

27.9%
0.0%

-12.7%
-10.0%

17.0%

###

1.3%

2.1%

0.0%

10.7%

###

6.1%

11.4%

-13.6%

-7.4%

###

0.7%

11.7%

14.2%

-2.7%

###

-0.8%

7.3%

-16.7%

-5.1%

###

6.2%

7.3%

-24.4%

2.5%

###

3.4%

12.7%

40.7%

9.6%

###

5.7%

4.7%

-3.3%

-11.9%

###

6.1%

11.4%

-20.0%

-30.0%

-40.0%

91.30

23.53

35.16

##

-5.9%

-3.7%

-7.3%

-8.5%

###

0.7%

1.4%

109.30

29.15

38.42

##

8.7%

19.7%

23.9%

9.3%

###

-3.6%

-10.7%

106.26

29.77

40.17

##

1.6%

-2.8%

2.1%

4.6%

###

8.6%

7.1%

107.87

31.41

41.42

##

-3.8%

1.5%

5.5%

3.1%

###

3.9%

11.4%

99.99

28.48

39.36

##

0.2%

-7.3%

-9.3%

-5.0%

###

-1.5%

-3.2%

95.12

24.55

36.01

##

-5.4%

-4.9%

-13.8%

-8.5%

###

1.6%

-2.8%

3.6%

-9.1%

2.6%

17.8%

87.29

22.02

31.85

##

-11.1%

-8.2%

-10.3%

-11.6%

###

102.85

25.02

35.79

##

2.6%

17.8%

13.6%

12.4%

###

110.14

27.63

37.80

##

8.6%

7.1%

10.4%

5.6%

###

2.0%

5.7%

115.26

28.51

39.83

##

1.7%

4.6%

3.2%

5.4%

###

-1.7%

-5.8%

102.80

27.41

37.53

##

-1.0%

-10.8%

-3.9%

-5.8%

###

3.0%

11.5%

93.62

25.10

35.83

##

1.9%

-8.9%

-8.4%

-4.5%

###

1.2%

-1.1%

99.23

25.95

39.21

##

2.9%

6.0%

3.4%

9.4%

###

-6.2%

-10.8%

79.91

22.49

34.28

##

-4.4%

-19.5%

-13.3%

-12.6%

###

0.9%

-2.6%

76.91

21.91

34.33

##

-0.2%

-3.8%

-2.6%

0.1%

###

3.5%

8.8%

68.83

23.54

30.81

##

-6.9%

-10.5%

7.4%

-10.3%

###

-11.1%

-8.2%

67.30

20.65

26.66

##

-5.5%

-2.2%

-12.3%

-13.5%

###

-4.8%

4.1%

72.22

21.12

28.07

##

-0.8%

7.3%

2.3%

5.3%

###

-3.5%

0.9%

55.87

18.82

25.41

##

-12.4%

-22.6%

-10.9%

-9.5%

###

-5.4%

-4.9%

75.63

23.01

31.83

##

10.6%

35.4%

22.3%

25.3%

###

-1.5%

-3.2%

83.43

24.82

33.49

##

5.9%

10.3%

7.9%

5.2%

###

-15.1%

-14.9%

74.39

22.25

30.31

##

-6.2%

-10.8%

-10.4%

-9.5%

###

0.8%

-0.5%

75.06

20.42

29.75

##

-3.5%

0.9%

-8.2%

-1.8%

###

0.0%

-5.6%

74.97

20.46

28.88

##

-2.0%

-0.1%

0.2%

-2.9%

###

6.6%

17.7%

75.43

20.90

29.84

##

1.3%

0.6%

2.2%

3.3%

###

1.3%

2.1%

81.65

22.08

34.00

##

6.1%

8.2%

5.6%

13.9%

###

-2.0%

-0.1%

84.82

21.25

35.71

##

4.4%

3.9%

-3.8%

5.0%

###

7.8%

15.2%

79.49

22.14

37.26

##

1.5%

-6.3%

4.2%

4.3%

###

-3.5%

0.9%

78.28

22.80

39.31

##

2.8%

-1.5%

3.0%

5.5%

###

0.0%

-5.6%

79.17

22.90

38.04

##

2.0%

1.1%

0.4%

-3.2%

###

-0.2%

-3.8%

85.27

24.00

39.93

##

-1.5%

7.7%

4.8%

5.0%

###

5.7%

4.7%

86.38

22.69

41.90

##

5.7%

1.3%

-5.5%

4.9%

###

-6.9%

-10.5%

87.57

22.32

41.57

##

-0.2%

1.4%

-1.6%

-0.8%

###

-0.2%

-3.8%

89.64

23.76

42.91

##

6.9%

2.4%

6.5%

3.2%

###

-1.3%

-4.0%

95.97

24.01

44.09

##

0.3%

7.1%

1.1%

2.7%

###

1.2%

-0.1%

93.48

23.03

44.79

##

0.9%

-2.6%

-4.1%

1.6%

###

4.0%

5.2%

88.97

21.64

46.07

##

-2.1%

-4.8%

-6.0%

2.9%

###

0.0%

-5.6%

85.41

22.69

43.21

##

-1.3%

-4.0%

4.9%

-6.2%

###

-2.8%

-1.2%

85.99

22.77

41.72

##

-0.4%

0.7%

0.4%

-3.4%

###

6.2%

7.3%

85.57

24.80

41.78

##

2.4%

-0.5%

8.9%

0.1%

###

9.6%

15.6%

84.52

24.73

39.98

##

-2.8%

-1.2%

-0.3%

-4.3%

###

-1.7%

-5.8%

82.38

23.77

42.24

##

0.3%

-2.5%

-3.9%

5.7%

###

-6.2%

-10.8%

83.40

24.08

40.01

##

-0.9%

1.2%

1.3%

-5.3%

###

0.9%

-2.6%

87.30

24.35

40.60

##

-0.5%

4.7%

1.1%

1.5%

###

1.1%

-4.4%

91.85

26.02

40.95

##

4.0%

5.2%

6.9%

0.9%

###

6.2%

7.3%

96.08

25.93

44.09

##

3.4%

4.6%

-0.3%

7.7%

###

-3.0%

-16.4%

91.05

25.50

44.89

##

-2.7%

-5.2%

-1.7%

1.8%

###

-2.1%

-4.8%

90.40

24.49

44.06

##

2.6%

-0.7%

-4.0%

-1.8%

###

1.1%

2.8%

89.23

23.53

41.49

##

-2.4%

-1.3%

-3.9%

-5.8%

###

2.0%

1.1%

74.58

24.63

43.77

##

-3.0%

-16.4%

4.7%

5.5%

###

-1.7%

-5.8%

73.97

25.20

43.91

##

2.7%

-0.8%

2.3%

0.3%

###

-1.7%

-2.6%

72.65

24.26

43.09

##

-1.8%

-1.8%

-3.7%

-1.9%

###

-5.9%

81.71

25.01

40.95

##

3.6%

12.5%

3.1%

-5.0%

###

2.4%

-0.5%

79.12

26.82

41.20

-1.5%

-3.2%

7.2%

0.6%

###

-1.0%

-10.8%

78.73

25.20

42.85

0.8%

-0.5%

-6.0%

4.0%

###

-3.8%

1.5%

80.36

25.17

43.10

-1.2%

2.1%

-0.1%

0.6%

###

1.1%

-4.4%

87.46

27.19

46.15

3.5%

8.8%

8.0%

7.1%

###

6.1%

11.4%

80.87

25.69

46.13

-0.8%

-7.5%

-5.5%

0.0%

###

0.0%

-5.6%

79.98

27.65

44.28

1.4%

-1.1%

7.6%

-4.0%

###

-1.8%

1.6%

79.14

26.48

44.55

1.2%

-1.1%

-4.2%

0.6%

###

1.5%

-6.3%

81.34

26.82

45.37

1.1%

2.8%

1.3%

1.8%

###

1.6%

-2.8%

81.21

23.80

48.48

2.3%

-0.2%

-11.3%

6.9%

###

-3.8%

1.5%

79.09

22.41

47.85

-1.7%

-2.6%

-5.8%

-1.3%

###

-2.9%

-2.8%

76.04

23.06

46.83

-0.2%

-3.9%

2.9%

-2.1%

###

-7.3%

-4.0%

76.62

23.81

46.89

0.3%

0.8%

3.3%

0.1%

###

1.2%

-0.1%

80.47

25.52

48.39

1.7%

5.0%

7.2%

3.2%

###

2.0%

5.7%

81.43

27.16

48.70

2.6%

1.2%

6.4%

0.6%

###

0.0%

-5.6%

91.75

28.51

49.18

3.4%

12.7%

5.0%

1.0%

###

-0.2%

-3.9%

91.64

29.26

49.10

1.2%

-0.1%

2.6%

-0.2%

###

0.0%

-5.6%

96.86

29.76

55.15

2.0%

5.7%

1.7%

12.3%

###

1.3%

2.1%

98.85

30.75

54.59

1.3%

2.1%

3.3%

-1.0%

###

1.3%

0.6%

92.94

28.17

50.37

-2.8%

-6.0%

-8.4%

-7.7%

###

-4.4%

-19.5%

94.26

27.87

51.34

0.7%

1.4%

-1.1%

1.9%

###

3.8%

-18.8%

101.17

30.12

53.37

6.2%

7.3%

8.1%

4.0%

###

1.2%

-0.1%

###

###

###

###

###

###

-3.7%

zed Returns

Portfolio Allocations

Randomized Returns
MSFT

-34.4%

-1.2%

^DJI

IBM

MSFT

Err:502

$1.00

$1.00

$1.00

$1.00

$1.00

$0.98

$0.94

$0.66

$0.99

$0.94

3.3%

-1.0%

$1.00

$0.96

$0.68

$0.98

$0.95

14.7%

-15.5%

$1.04

$1.10

$0.78

$0.83

$0.98

-3.8%

25.8%

$1.13

$1.27

$0.75

$1.04

$1.11

15.2%

6.9%

$1.20

$1.41

$0.86

$1.11

$1.20

7.9%

-0.3%

$1.22

$1.40

$0.93

$1.11

$1.22

-1.8%

2.7%

$1.15

$1.30

$0.91

$1.14

$1.17

5.6%

13.9%

$1.22

$1.41

$0.97

$1.30

$1.26

0.4%

-3.4%

$1.21

$1.42

$0.97

$1.25

$1.25

-3.8%

25.8%

$1.33

$1.64

$0.93

$1.58

$1.41

6.9%

0.9%

$1.38

$1.72

$1.00

$1.59

$1.46

2.3%

0.3%

$1.42

$1.71

$1.02

$1.59

$1.49

0.0%

10.7%

$1.51

$2.01

$1.02

$1.76

$1.62

7.9%

-0.3%

$1.54

$2.00

$1.10

$1.76

$1.64

-14.2%

4.8%

$1.53

$1.85

$0.94

$1.84

$1.61

0.4%

-3.4%

$1.52

$1.87

$0.95

$1.78

$1.60

0.4%

-3.4%

$1.52

$1.88

$0.95

$1.72

$1.58

1.4%

11.1%

$1.50

$2.17

$0.96

$1.91

$1.66

5.0%

1.0%

$1.56

$2.44

$1.01

$1.93

$1.75

7.6%

-4.0%

$1.58

$2.42

$1.09

$1.85

$1.75

1.1%

2.7%

$1.58

$2.59

$1.10

$1.90

$1.79

3.1%

-5.0%

$1.64

$2.91

$1.13

$1.81

$1.86

15.5%

-8.0%

$1.64

$2.75

$1.31

$1.66

$1.84

1.1%

2.7%

$1.64

$2.94

$1.32

$1.71

$1.88

-4.9%

-5.9%

$1.60

$2.86

$1.26

$1.61

$1.81

-9.3%

-5.0%

$1.60

$2.65

$1.14

$1.53

$1.75

-3.7%

-1.9%

$1.57

$2.60

$1.10

$1.50

$1.71

14.7%

-15.5%

$1.63

$2.97

$1.26

$1.27

$1.77

-3.8%

5.0%

$1.70

$3.08

$1.21

$1.33

$1.83

-5.5%

0.0%

$1.69

$2.85

$1.15

$1.33

$1.79

-5.5%

4.9%

$1.79

$2.89

$1.08

$1.40

$1.85

-7.3%

-8.5%

$1.68

$2.78

$1.00

$1.28

$1.74

2.3%

0.3%

$1.73

$2.76

$1.03

$1.28

$1.76

3.1%

-5.0%

$1.79

$3.10

$1.06

$1.22

$1.83

7.9%

5.2%

$1.89

$3.42

$1.14

$1.28

$1.95

8.9%

0.1%

$1.94

$3.41

$1.24

$1.28

$1.99

2.2%

3.3%

$1.97

$3.43

$1.27

$1.33

$2.02

2.3%

0.3%

$2.02

$3.40

$1.30

$1.33

$2.05

3.3%

-1.0%

$2.04

$3.47

$1.34

$1.32

$2.08

15.2%

6.9%

$2.17

$3.86

$1.55

$1.41

$2.25

13.7%

-1.1%

$2.18

$4.31

$1.76

$1.39

$2.33

2.3%

5.3%

$2.17

$4.63

$1.80

$1.46

$2.39

8.1%

4.0%

$2.30

$4.97

$1.95

$1.52

$2.54

5.0%

1.0%

$2.38

$5.60

$2.04

$1.54

$2.66

28.2%

3.4%

$2.52

$5.86

$2.62

$1.59

$2.85

15.2%

6.9%

$2.67

$6.52

$3.02

$1.70

$3.09

-1.1%

1.9%

$2.69

$6.62

$2.99

$1.73

$3.12

-3.3%

-11.9%

$2.59

$5.91

$2.89

$1.53

$2.91

10.4%

5.6%

$2.81

$6.33

$3.19

$1.61

$3.14

11.8%

7.6%

$2.92

$7.05

$3.56

$1.73

$3.36

7.2%

0.6%

$2.88

$6.83

$3.82

$1.74

$3.34

2.1%

4.6%

$2.93

$6.64

$3.90

$1.82

$3.38

-24.4%

2.5%

$3.03

$6.03

$2.95

$1.87

$3.32

13.6%

12.4%

$3.11

$7.11

$3.35

$2.10

$3.61

1.7%

12.3%

$3.17

$7.51

$3.41

$2.36

$3.78

-34.4%

-1.2%

$3.12

$7.08

$2.24

$2.33

$3.56

0.7%

2.2%

$3.21

$7.89

$2.25

$2.38

$3.72

-4.2%

0.6%

$3.25

$7.81

$2.16

$2.40

$3.72

-10.4%

-9.5%

$3.04

$6.96

$1.93

$2.17

$3.41

-4.1%

1.6%

$3.07

$6.78

$1.86

$2.20

$3.41

8.0%

7.1%

$3.18

$7.38

$2.00

$2.36

$3.60

-10.3%

-11.6%

$2.83

$6.78

$1.80

$2.09

$3.22

-16.2%

2.4%

$2.69

$7.05

$1.51

$2.13

$3.14

-8.2%

-1.8%

$2.60

$7.11

$1.38

$2.10

$3.05

-13.8%

-8.5%

$2.46

$6.77

$1.19

$1.92

$2.84

7.2%

0.6%

$2.42

$6.55

$1.28

$1.93

$2.83

-12.7%

-34.0%

$2.05

$5.58

$1.12

$1.27

$2.30

-6.0%

4.0%

$2.07

$5.55

$1.05

$1.32

$2.31

15.5%

-8.0%

$2.07

$5.24

$1.21

$1.22

$2.29

0.0%

10.7%

$2.21

$6.17

$1.21

$1.35

$2.49

3.3%

-1.0%

$2.23

$6.30

$1.25

$1.33

$2.52

0.2%

-2.9%

$2.19

$6.29

$1.25

$1.30

$2.48

18.9%

15.7%

$2.36

$7.24

$1.49

$1.50

$2.78

-8.2%

-1.8%

$2.28

$7.31

$1.37

$1.47

$2.70

15.5%

-8.0%

$2.28

$6.90

$1.58

$1.35

$2.67

-2.6%

0.1%

$2.27

$6.64

$1.54

$1.36

$2.64

28.2%

3.4%

$2.40

$6.95

$1.97

$1.40

$2.83

7.4%

-10.3%

$2.24

$6.22

$2.12

$1.26

$2.64

-2.6%

0.1%

$2.23

$5.99

$2.06

$1.26

$2.61

4.9%

-6.2%

$2.20

$5.75

$2.17

$1.18

$2.55

2.6%

-0.2%

$2.23

$5.74

$2.22

$1.18

$2.57

6.9%

0.9%

$2.32

$6.04

$2.37

$1.19

$2.67

15.5%

-8.0%

$2.32

$5.70

$2.74

$1.09

$2.64

-0.3%

-4.3%

$2.25

$5.63

$2.73

$1.05

$2.57

8.1%

4.0%

$2.39

$6.04

$2.95

$1.09

$2.73

-3.8%

25.8%

$2.62

$6.98

$2.84

$1.37

$3.08

-34.4%

-1.2%

$2.58

$6.58

$1.87

$1.35

$2.90

-10.4%

-9.5%

$2.42

$5.87

$1.67

$1.22

$2.66

-4.1%

1.6%

$2.44

$5.71

$1.60

$1.24

$2.66

-8.7%

5.9%

$2.47

$5.46

$1.47

$1.32

$2.66

8.1%

4.0%

$2.62

$5.86

$1.58

$1.37

$2.82

4.7%

5.5%

$2.54

$4.90

$1.66

$1.45

$2.73

-6.0%

2.9%

$2.49

$4.66

$1.56

$1.49

$2.68

1.3%

1.8%

$2.51

$4.79

$1.58

$1.51

$2.72

0.4%

-3.2%

$2.56

$4.84

$1.58

$1.46

$2.74

-34.4%

-1.2%

$2.52

$4.56

$1.04

$1.45

$2.58

-5.8%

-1.3%

$2.47

$4.44

$0.98

$1.43

$2.52

-7.3%

-8.5%

$2.33

$4.28

$0.91

$1.31

$2.37

8.9%

0.1%

$2.38

$4.26

$0.99

$1.31

$2.42

-3.9%

-5.8%

$2.36

$3.80

$0.95

$1.23

$2.31

5.5%

3.1%

$2.27

$3.86

$1.00

$1.27

$2.31

-8.7%

5.9%

$2.30

$3.68

$0.92

$1.35

$2.30

15.2%

6.9%

$2.44

$4.10

$1.06

$1.44

$2.49

15.5%

-8.0%

$2.44

$3.87

$1.22

$1.32

$2.46

-5.9%

0.1%

$2.39

$3.93

$1.15

$1.32

$2.44

4.2%

4.3%

$2.43

$3.69

$1.19

$1.38

$2.46

2.1%

4.6%

$2.47

$3.58

$1.22

$1.45

$2.49

5.5%

3.1%

$2.38

$3.64

$1.29

$1.49

$2.48

-4.9%

-5.9%

$2.31

$3.54

$1.22

$1.40

$2.39

-6.5%

-11.7%

$2.14

$3.40

$1.14

$1.24

$2.21

2.6%

-0.2%

$2.16

$3.39

$1.17

$1.24

$2.23

1.7%

12.3%

$2.21

$3.59

$1.20

$1.39

$2.34

15.5%

-8.0%

$2.21

$3.39

$1.38

$1.28

$2.31

2.9%

-2.1%

$2.20

$3.26

$1.42

$1.25

$2.28

15.5%

-8.0%

$2.20

$3.07

$1.64

$1.15

$2.26

3.3%

-1.0%

$2.23

$3.14

$1.69

$1.14

$2.28

2.2%

3.3%

$2.26

$3.16

$1.73

$1.18

$2.32

-13.3%

-12.6%

$2.16

$2.54

$1.50

$1.03

$2.09

2.2%

23.6%

$2.24

$2.06

$1.53

$1.27

$2.16

2.6%

-0.2%

$2.27

$2.06

$1.57

$1.27

$2.17

Type in four Yahoo symbols then click the buttons (one-at-a-time).

Start Date:

5/24/2006

End Date:

5/23/2016

Select four Assets >>

121

121

Asset A = ^DJI

Asset B = IBM

Asset C =

MSFT

URL used = http://chart.yahoo.com/table.csv?s=C&a=3&b=30&c=1997&d=3&e=30&f=2007&g=m&q=q&y=0&z=C&x=.csv

Index

Date

Apr 30/97

54.75

56.50

54.00

55.50

22,496,200

May 1/97

55.38

58.25

53.25

55.00

5,128,500

Jun 2/97

55.63

66.12

54.38

63.06

5,075,800

Jul 1/97

63.75

73.62

63.31

71.94

4,797,100

Aug 1/97

72.00

72.62

63.00

63.50

4,855,000

58

Sep 2/97

65.25

73.37

63.50

68.31

6,350,100

Oct 1/97

69.75

76.44

64.69

70.00

8,341,700

53

Nov 3/97

70.75

76.00

48.25

50.88

6,010,600

Dec 1/97

51.00

57.38

50.94

53.88

6,507,600

10

Jan 2/98

54.00

54.38

45.13

49.56

7,562,600

Feb 2/98

50.63

56.31

50.63

55.63

5,240,000

Mar 2/98

55.06

63.38

54.06

60.00

5,659,600

C
6
7
8

11
12
13

48

43

Open

High

Low

Close

Volume

Apr 1/98

60.44

73.50

59.19

61.19

10,441,700

May 1/98

62.00

65.00

59.38

61.25

6,296,700

Jun 1/98

61.06

65.31

59.13

60.63

7,342,100

16

Jul 1/98

61.44

72.94

61.13

67.25

9,360,200

17

Aug 3/98

67.00

67.25

43.75

44.38

13,659,400

18

Sep 1/98

44.13

46.50

37.13

37.50

25,608,800

19

Oct 1/98

36.25

47.63

28.50

47.00

34,097,400

Nov 2/98

46.75

53.25

41.56

50.25

30,066,600

Dec 1/98

48.75

52.19

45.50

49.69

16,804,100

Jan 4/99

50.13

59.44

49.00

56.06

24,538,100

Feb 1/99

56.25

60.19

50.13

58.75

20,968,200

14
15

20

38

33

28

21
22

23

23
24

Mar 1/99

59.44

66.44

57.44

63.88

17,613,300

25

Apr 1/99

64.50

77.62

64.19

74.87

20,169,300

26

May 3/99

74.50

75.50

62.19

66.25

17,272,000

27

Jun 1/99

43.88

49.00

40.13

47.50

11,894,700

28

Jul 1/99

47.56

50.94

44.50

44.56

11,384,600

29

Aug 2/99

44.94

50.44

41.19

44.44

12,503,600

30

Sep 1/99

44.44

46.50

41.88

44.00

14,212,100

31

Oct 1/99

43.00

56.00

42.06

54.25

18,941,100

32

Nov 1/99

53.75

58.25

51.56

53.88

16,913,400

33

Dec 1/99

53.06

57.56

53.00

55.69

11,571,100

34

Jan 3/00

55.63

60.13

49.50

57.00

15,685,800

35

Feb 1/00

57.56

58.63

47.13

51.75

17,911,100

36

Mar 1/00

53.25

62.38

47.75

59.88

16,598,400

37

Apr 3/00

60.00

65.44

56.00

59.00

15,572,900

38

May 1/00

60.19

63.38

56.38

62.19

11,431,200

39

Jun 1/00

63.00

67.62

60.00

60.25

11,456,000

40

Jul 3/00

60.69

72.00

60.56

70.50

9,945,900

41

Aug 1/00

70.94

78.31

56.81

58.39

9,080,900

42

Sep 1/00

58.63

59.06

51.13

54.06

12,755,000

43

Oct 2/00

54.06

57.13

44.50

52.63

14,345,200

44

Nov 1/00

52.00

55.81

46.50

49.81

12,943,900

45

Dec 1/00

50.88

53.69

46.75

51.06

14,944,100

46

Jan 2/01

51.75

57.38

50.06

55.97

16,284,200

47

Feb 1/01

55.75

56.69

45.50

49.18

13,117,800

18

13

48

Mar 1/01

48.30

51.50

39.00

44.98

17,339,400

49

Apr 2/01

44.55

52.49

41.40

49.15

14,164,700

50

May 1/01

49.20

53.00

48.91

51.25

10,995,100

51

Jun 1/01

51.26

53.75

47.75

52.84

11,694,000

52

Jul 2/01

52.95

53.73

47.30

50.21

11,861,300

53

Aug 1/01

50.70

51.44

44.50

45.80

10,479,800

54

Sep 4/01

46.25

47.30

34.51

40.50

20,699,900

55

Oct 1/01

40.78

48.75

40.50

45.52

15,742,900

56

Nov 1/01

45.45

50.99

44.70

47.90

12,726,900

57

Dec 3/01

48.00

51.80

46.00

50.48

12,448,700

58

Jan 2/02

50.02

52.20

45.21

47.40

13,704,700

59

Feb 1/02

47.01

47.40

41.50

45.25

17,731,500

60

Mar 1/02

45.50

50.49

44.82

49.52

13,666,300

61

Apr 1/02

49.15

49.80

42.75

43.30

13,318,500

62

May 1/02

43.30

47.09

42.09

43.18

12,754,900

63

Jun 3/02

43.45

43.74

36.00

38.75

19,484,800

64

Jul 1/02

38.95

39.75

24.48

33.54

34,272,400

65

Aug 1/02

33.00

36.40

28.60

32.75

20,230,300

66

Sep 3/02

30.99

31.80

26.15

29.65

25,030,000

67

Oct 1/02

30.02

37.25

25.08

36.95

24,539,300

68

Nov 1/02

36.75

39.50

34.29

38.88

17,594,300

69

Dec 2/02

38.89

39.48

34.60

35.19

14,460,400

70

Jan 2/03

35.70

38.90

33.65

34.35

17,022,300

71

Feb 3/03

34.38

35.01

31.05

33.34

15,439,500

72

Mar 3/03

33.85

37.20

30.25

34.45

16,691,100

73

Apr 1/03

34.46

40.40

34.46

39.25

16,601,400

74

May 1/03

39.05

41.64

38.09

41.02

15,082,800

75

Jun 2/03

41.48

45.72

40.70

42.80

13,856,000

76

Jul 1/03

42.36

48.15

42.35

44.80

14,339,900

77

Aug 1/03

45.08

45.58

42.48

43.35

12,215,500

78

Sep 2/03

43.35

47.48

43.25

45.51

13,396,300

79

Oct 1/03

45.96

49.15

45.74

47.40

12,790,900

80

Nov 3/03

47.60

48.98

44.84

47.03

12,068,500

81

Dec 1/03

47.41

48.64

46.00

48.54

10,146,500

82

Jan 2/04

49.05

51.11

48.54

49.48

14,018,200

83

Feb 2/04

49.50

50.36

47.99

50.26

12,296,200

84

Mar 1/04

50.60

52.05

48.60

51.70

15,054,300

85

Apr 1/04

51.98

52.88

47.85

48.09

13,770,600

86

May 3/04

48.10

49.18

44.83

46.43

14,922,000

87

Jun 1/04

46.46

47.62

46.06

46.50

11,537,700

88

Jul 1/04

46.50

46.75

43.55

44.09

14,550,000

89

Aug 2/04

43.17

46.81

42.99

46.58

10,237,000

90

Sep 1/04

46.57

47.47

43.54

44.12

14,138,300

91

Oct 1/04

44.47

45.18

42.10

44.37

14,759,700

92

Nov 1/04

44.45

47.10

44.21

44.75

15,129,900

93

Dec 1/04

45.03

49.06

44.93

48.18

13,399,400

94

Jan 3/05

49.00

49.30

47.25

49.05

16,445,300

95

Feb 1/05

49.30

49.99

47.60

47.72

14,774,600

96

Mar 1/05

47.93

48.68

44.05

44.94

17,248,900

97

Apr 1/05

45.50

47.15

43.80

46.96

15,991,700

98

May 2/05

46.96

48.14

45.76

47.11

12,113,800

99

Jun 1/05

47.12

48.10

46.20

46.23

11,446,300

100

Jul 1/05

46.50

46.81

43.50

43.50

19,511,700

101

Aug 1/05

43.60

44.43

42.91

43.77

15,789,100

102

Sep 1/05

43.60

45.87

43.38

45.52

14,388,100

103

Oct 3/05

45.74

46.25

44.00

45.78

16,359,800

104

Nov 1/05

45.95

49.76

45.21

48.55

16,706,800

105

Dec 1/05

48.96

49.73

48.22

48.53

13,759,900

106

Jan 3/06

49.00

49.58

45.63

46.58

17,841,900

107

Feb 1/06

46.59

47.13

44.81

46.37

15,070,900

108

Mar 1/06

46.39

48.01

45.80

47.23

14,071,000

109

Apr 3/06

47.41

49.95

47.15

49.95

17,924,900

110

May 1/06

50.00

50.72

48.43

49.30

16,741,600

111

Jun 1/06

49.38

50.41

47.47

48.25

16,760,900

112

Jul 3/06

48.60

49.73

46.22

48.31

16,390,000

113

Aug 1/06

48.31

49.71

47.22

49.35

12,112,700

114

Sep 1/06

49.70

50.35

48.42

49.67

13,625,900

115

Oct 2/06

49.68

51.33

49.28

50.16

17,958,200

116

Nov 1/06

50.55

50.95

49.43

49.59

15,429,500

117

Dec 1/06

49.59

57.00

48.83

55.70

22,258,800

118

Jan 3/07

55.66

56.28

53.50

55.13

18,904,400

119

Feb 1/07

55.13

55.50

49.56

50.37

21,616,000

120

Mar 1/07

49.75

52.50

48.05

51.34

23,504,500

121

Apr 2/07

51.31

53.94

50.41

53.37

21,280,600

122

121

121

< months

60.67
13.08

Asset D =

121

Adj Close
13.86
13.77
15.79
18.05
15.94
17.14
17.60
19.19
20.33
18.70
21.04
22.69
23.19
23.21
22.97
25.53
16.85
14.24
17.92
19.15
18.94
21.44
22.47
24.43
28.71
25.41
27.33
25.71
25.64
25.39
31.39
31.17
32.22
32.98
30.02
34.74
34.32
36.17
35.05
41.01
45.40
42.04
40.92
38.84
39.81
43.64
38.44

The first-named asset A

is the "benchmark"

35.16
38.42
40.17
41.42
39.36
36.01
31.85
35.79
37.80
39.83
37.53
35.83
39.21
34.28
34.33
30.81
26.66
28.07
25.41
31.83
33.49
30.31
29.75
28.88
29.84
34.00
35.71
37.26
39.31
38.04
39.93
41.90
41.57
42.91
44.09
44.79
46.07
43.21
41.72
41.78
39.98
42.24
40.01
40.60
40.95
44.09
44.89
44.06
41.49
43.77
43.91
43.09
40.95
41.20

42.85
43.10
46.15
46.13
44.28
44.55
45.37
48.48
47.85
46.83
46.89
48.39
48.70
49.18
49.10
55.15
54.59
50.37
51.34
53.37