Professional Documents
Culture Documents
S&P
HD
20010131
3.46%
5.50%
20010228
-9.23%
-11.83%
20010330
-6.42%
1.51%
20010430
7.68%
9.28%
20010531
0.51%
4.65%
20010629
-2.50%
-5.48%
20010731
-1.08%
8.21%
20010831
-6.41%
-8.70%
20010928
-8.17%
-16.50%
20011031
1.81%
-0.37%
20011130
7.52%
22.16%
20011231
0.76%
9.35%
20020131
-1.56%
-1.80%
20020228
-2.08%
-0.18%
20020328
3.67%
-2.68%
20020430
-6.14%
-4.61%
20020531
-0.91%
-10.09%
20020628
-7.25%
-11.78%
20020731
-7.90%
-15.93%
20020830
0.49%
6.64%
20020930
-11.00%
-20.59%
20021031
8.64%
10.65%
20021129
5.71%
-8.59%
20021231
-6.03%
-8.79%
20030131
-2.74%
-12.99%
20030228
-1.70%
12.20%
20030331
0.84%
4.14%
20030430
8.10%
15.48%
20030530
5.09%
15.50%
20030630
1.13%
2.12%
20030731
1.62%
-5.80%
20030829
1.79%
3.08%
20030930
-1.19%
-0.75%
20031031
5.50%
16.39%
20031128
0.71%
-0.84%
20031231
5.08%
-3.26%
20040130
1.73%
-0.06%
20040227
1.22%
2.37%
20040331
-1.64%
3.09%
20040430
-1.68%
-5.81%
20040528
1.21%
2.07%
20040630
1.80%
-1.77%
20040730
-3.43%
-4.21%
20040831
0.23%
8.67%
20040930
0.94%
7.22%
20041029
1.40%
4.80%
20041130
3.86%
1.84%
20041231
3.25%
2.37%
20050131
-2.53%
-3.46%
20050228
1.89%
-3.01%
20050331
-1.91%
-4.20%
20050429
20050531
20050630
20050729
20050831
20050930
20051031
20051130
20051230
Std.Dev.
Variance
Covariance
Correlation
-2.01%
3.00%
-0.01%
3.60%
-1.12%
0.70%
-1.77%
3.52%
-0.10%
-7.51%
11.25%
-0.89%
11.85%
-7.10%
-5.41%
7.60%
2.05%
-3.11%
0.0426
0.0018
0.0026
0.7151
0.0861
0.0074
Excel Instructions:
There are four ways that you can calculate a Beta using Excel. The first
is to use the "=slope" formula. In this formula, the X variable series is the
return on the market and the Y variable series if the return on HD.
This gives:
1.4438
Intercept
X Variable 1
1
58
59
SS
MS
F
Significance F
0.227471618 0.22747162 60.6888751 1.37675E-10
0.217393284 0.00374816
0.444864902
Intercept
Beta
t Stat
0.2969
7.7903
P-value
Lower 95.0% Upper 95.0%
0.7676
-0.0135
0.0182
0.0000
1.0728
1.8148
y = 1.4438x + 0.0023
R = 0.5113
20.00%
15.00%
10.00%
5.00%
-15.00%
-10.00%
-5.00%
0.00%
0.00%
-5.00%
-10.00%
-15.00%
-20.00%
-25.00%
5.00%
10.00%