SIMPLE GROSS COMPOUND 100,000 Logarytmic re.

Compound 2
Fecha S&P R(t) (1+R(t)) Mult [1+R(t)] Value of invest r(t) Sum [r(t)]
5/1/2019 2,923.73
5/2/2019 2,917.52 -0.21% 0.998 0.998 99,787.60 -0.213% 0.99788
5/3/2019 2,945.64 0.96% 1.010 1.00749385 100,749.39 0.959% 1.00749
5/6/2019 2,932.47 -0.45% 0.996 1.00298933 100,298.93 -0.448% 1.00299
5/7/2019 2,884.05 -1.65% 0.983 0.9864283 98,642.83 -1.665% 0.98643
5/8/2019 2,879.42 -0.16% 0.998 0.9848447 98,484.47 -0.161% 0.98484
5/9/2019 2,870.72 -0.30% 0.997 0.98186905 98,186.91 -0.303% 0.98187
5/10/2019 2,881.40 0.37% 1.004 0.98552192 98,552.19 0.371% 0.98552
5/13/2019 2,811.87 -2.41% 0.976 0.96174065 96,174.07 -2.443% 0.96174
5/14/2019 2,834.41 0.80% 1.008 0.96944998 96,945.00 0.798% 0.96945
5/15/2019 2,850.96 0.58% 1.006 0.97511056 97,511.06 0.582% 0.97511
5/16/2019 2,876.32 0.89% 1.009 0.98378441 98,378.44 0.886% 0.98378
5/17/2019 2,859.53 -0.58% 0.994 0.97804175 97,804.17 -0.585% 0.97804
5/20/2019 2,840.23 -0.67% 0.993 0.97144059 97,144.06 -0.677% 0.97144
5/21/2019 2,864.36 0.85% 1.008 0.97969375 97,969.37 0.846% 0.97969
5/22/2019 2,856.27 -0.28% 0.997 0.97692673 97,692.67 -0.283% 0.97693
5/23/2019 2,822.24 -1.19% 0.988 0.96528749 96,528.75 -1.199% 0.96529
5/24/2019 2,826.06 0.14% 1.001 0.96659404 96,659.40 0.135% 0.96659
5/28/2019 2,802.39 -0.84% 0.992 0.95849822 95,849.82 -0.841% 0.95850
5/29/2019 2,783.02 -0.69% 0.993 0.95187312 95,187.31 -0.694% 0.95187
5/30/2019 2,788.86 0.21% 1.002 0.95387057 95,387.06 0.210% 0.95387
5/31/2019 2,752.06 -1.32% 0.987 0.94128391 94,128.39 -1.328% 0.94128
6/3/2019 2,744.45 -0.28% 0.997 0.93868107 93,868.11 -0.277% 0.93868
6/4/2019 2,803.27 2.14% 1.021 0.95879921 95,879.92 2.121% 0.95880
6/5/2019 2,826.15 0.82% 1.008 0.96662483 96,662.48 0.813% 0.96662
6/6/2019 2,843.49 0.61% 1.006 0.97255561 97,255.56 0.612% 0.97256
6/7/2019 2,873.34 1.05% 1.010 0.98276517 98,276.52 1.044% 0.98277
6/10/2019 2,886.73 0.47% 1.005 0.98734493 98,734.49 0.465% 0.98734
6/11/2019 2,885.72 -0.03% 1.000 0.98699948 98,699.95 -0.035% 0.98700
6/12/2019 2,879.84 -0.20% 0.998 0.98498835 98,498.84 -0.204% 0.98499
6/13/2019 2,891.64 0.41% 1.004 0.98902429 98,902.43 0.409% 0.98902
6/14/2019 2,886.98 -0.16% 0.998 0.98743044 98,743.04 -0.161% 0.98743
6/17/2019 2,889.67 0.09% 1.001 0.9883505 98,835.05 0.093% 0.98835
6/18/2019 2,917.75 0.97% 1.010 0.99795467 99,795.47 0.967% 0.99795
6/19/2019 2,926.46 0.30% 1.003 1.00093374 100,093.37 0.298% 1.00093
6/20/2019 2,954.18 0.95% 1.009 1.01041478 101,041.48 0.943% 1.01041
6/21/2019 2,950.46 -0.13% 0.999 1.00914243 100,914.24 -0.126% 1.00914
6/24/2019 2,945.35 -0.17% 0.998 1.00739466 100,739.47 -0.173% 1.00739
6/25/2019 2,917.38 -0.95% 0.991 0.99782812 99,782.81 -0.954% 0.99783
6/26/2019 2,913.78 -0.12% 0.999 0.99659681 99,659.68 -0.123% 0.99660
6/27/2019 2,924.92 0.38% 1.004 1.00040701 100,040.70 0.382% 1.00041
6/28/2019 2,941.76 0.58% 1.006 1.00616678 100,616.68 0.574% 1.00617
7/1/2019 2,964.33 0.77% 1.008 1.01388637 101,388.64 0.764% 1.01389
7/2/2019 2,973.01 0.29% 1.003 1.01685518 101,685.52 0.292% 1.01686
7/3/2019 2,995.82 0.77% 1.008 1.02465686 102,465.69 0.764% 1.02466
7/5/2019 2,990.41 -0.18% 0.998 1.02280648 102,280.65 -0.181% 1.02281
7/8/2019 2,975.95 -0.48% 0.995 1.01786075 101,786.07 -0.485% 1.01786
7/9/2019 2,979.63 0.12% 1.001 1.01911941 101,911.94 0.124% 1.01912
7/10/2019 2,993.07 0.45% 1.005 1.02371628 102,371.63 0.450% 1.02372
7/11/2019 2,999.91 0.23% 1.002 1.02605576 102,605.58 0.228% 1.02606
7/12/2019 3,013.77 0.46% 1.005 1.03079628 103,079.63 0.461% 1.03080
7/15/2019 3,014.30 0.02% 1.000 1.03097755 103,097.76 0.018% 1.03098
7/16/2019 3,004.04 -0.34% 0.997 1.02746834 102,746.83 -0.341% 1.02747
7/17/2019 2,984.42 -0.65% 0.993 1.02075773 102,075.77 -0.655% 1.02076
7/18/2019 2,995.11 0.36% 1.004 1.02441402 102,441.40 0.358% 1.02441
7/19/2019 2,976.61 -0.62% 0.994 1.01808649 101,808.65 -0.620% 1.01809
7/22/2019 2,985.03 0.28% 1.003 1.02096637 102,096.64 0.282% 1.02097
 7/23/2019 3,005.47 0.68% 1.007 1.02795744 102,795.74 0.682% 1.02796
7/24/2019 3,019.56 0.47% 1.005 1.03277662 103,277.66 0.468% 1.03278
7/25/2019 3,003.67 -0.53% 0.995 1.02734179 102,734.18 -0.528% 1.02734
7/26/2019 3,025.86 0.74% 1.007 1.03493141 103,493.14 0.736% 1.03493
7/29/2019 3,020.97 -0.16% 0.998 1.03325889 103,325.89 -0.162% 1.03326
7/30/2019 3,013.18 -0.26% 0.997 1.03059448 103,059.45 -0.258% 1.03059
7/31/2019 2,980.38 -1.09% 0.989 1.01937593 101,937.59 -1.095% 1.01938
8/1/2019 2,953.56 -0.90% 0.991 1.01020272 101,020.27 -0.904% 1.01020
8/2/2019 2,932.05 -0.73% 0.993 1.00284568 100,284.57 -0.731% 1.00285
8/5/2019 2,844.74 -2.98% 0.970 0.97298314 97,298.31 -3.023% 0.97298
8/6/2019 2,881.77 1.30% 1.013 0.98564847 98,564.85 1.293% 0.98565
8/7/2019 2,883.98 0.08% 1.001 0.98640435 98,640.44 0.077% 0.98640
8/8/2019 2,938.09 1.88% 1.019 1.00491153 100,491.15 1.859% 1.00491
8/9/2019 2,918.65 -0.66% 0.993 0.99826249 99,826.25 -0.664% 0.99826
8/12/2019 2,882.70 -1.23% 0.988 0.98596656 98,596.66 -1.239% 0.98597
8/13/2019 2,926.32 1.51% 1.015 1.00088585 100,088.59 1.502% 1.00089
8/14/2019 2,840.60 -2.93% 0.971 0.97156714 97,156.71 -2.973% 0.97157
8/15/2019 2,847.60 0.25% 1.002 0.97396134 97,396.13 0.246% 0.97396
8/16/2019 2,888.68 1.44% 1.014 0.98801189 98,801.19 1.432% 0.98801
8/19/2019 2,923.65 1.21% 1.012 0.99997264 99,997.26 1.203% 0.99997
8/20/2019 2,900.51 -0.79% 0.992 0.99205809 99,205.81 -0.795% 0.99206
8/21/2019 2,924.43 0.82% 1.008 1.00023942 100,023.94 0.821% 1.00024
8/22/2019 2,922.95 -0.05% 0.999 0.99973322 99,973.32 -0.051% 0.99973
8/23/2019 2,847.11 -2.59% 0.974 0.97379375 97,379.37 -2.629% 0.97379
8/26/2019 2,878.38 1.10% 1.011 0.98448899 98,448.90 1.092% 0.98449
8/27/2019 2,869.16 -0.32% 0.997 0.98133549 98,133.55 -0.321% 0.98134
8/28/2019 2,887.94 0.65% 1.007 0.98775879 98,775.88 0.652% 0.98776
8/29/2019 2,924.58 1.27% 1.013 1.00029072 100,029.07 1.261% 1.00029
8/30/2019 2,926.46 0.06% 1.001 1.00093374 100,093.37 0.064% 1.00093
9/3/2019 2,906.27 -0.69% 0.993 0.99402818 99,402.82 -0.692% 0.99403
9/4/2019 2,937.78 1.08% 1.011 1.00480551 100,480.55 1.078% 1.00481
9/5/2019 2,976.00 1.30% 1.013 1.01787785 101,787.78 1.293% 1.01788
9/6/2019 2,978.71 0.09% 1.001 1.01880475 101,880.47 0.091% 1.01880
9/9/2019 2,978.43 -0.01% 1.000 1.01870898 101,870.90 -0.009% 1.01871
9/10/2019 2,979.39 0.03% 1.000 1.01903733 101,903.73 0.032% 1.01904
9/11/2019 3,000.93 0.72% 1.007 1.02640463 102,640.46 0.720% 1.02640
9/12/2019 3,009.57 0.29% 1.003 1.02935976 102,935.98 0.287% 1.02936
9/13/2019 3,007.39 -0.07% 0.999 1.02861413 102,861.41 -0.072% 1.02861
9/16/2019 2,997.96 -0.31% 0.997 1.0253888 102,538.88 -0.314% 1.02539
9/17/2019 3,005.70 0.26% 1.003 1.0280361 102,803.61 0.258% 1.02804
9/18/2019 3,006.73 0.03% 1.000 1.02838839 102,838.84 0.034% 1.02839
9/19/2019 3,006.79 0.00% 1.000 1.02840892 102,840.89 0.002% 1.02841
9/20/2019 2,992.07 -0.49% 0.995 1.02337425 102,337.43 -0.491% 1.02337
9/23/2019 2,991.77 -0.01% 1.000 1.02327164 102,327.16 -0.010% 1.02327
9/24/2019 2,966.60 -0.84% 0.992 1.01466278 101,466.28 -0.845% 1.01466
9/25/2019 2,984.87 0.62% 1.006 1.02091164 102,091.16 0.614% 1.02091
9/26/2019 2,977.65 -0.24% 0.998 1.0184422 101,844.22 -0.242% 1.01844
9/27/2019 2,961.79 -0.53% 0.995 1.01301762 101,301.76 -0.534% 1.01302
9/30/2019 2,976.71 0.50% 1.005 1.01812069 101,812.07 0.502% 1.01812
10/1/2019 2,940.16 -1.23% 0.988 1.00561953 100,561.95 -1.235% 1.00562
10/2/2019 2,887.61 -1.79% 0.982 0.98764592 98,764.59 -1.803% 0.98765
10/3/2019 2,910.63 0.80% 1.008 0.99551942 99,551.94 0.794% 0.99552
10/4/2019 2,951.98 1.42% 1.014 1.00966231 100,966.23 1.411% 1.00966
10/7/2019 2,938.79 -0.45% 0.996 1.00515095 100,515.10 -0.448% 1.00515
10/8/2019 2,893.06 -1.56% 0.984 0.98950998 98,951.00 -1.568% 0.98951
10/9/2019 2,919.40 0.91% 1.009 0.99851902 99,851.90 0.906% 0.99852
10/10/2019 2,938.13 0.64% 1.006 1.00492522 100,492.52 0.640% 1.00493
10/11/2019 2,970.17 1.09% 1.011 1.01588382 101,588.38 1.085% 1.01588
10/14/2019 2,966.15 -0.14% 0.999 1.01450886 101,450.89 -0.135% 1.01451
10/15/2019 2,995.68 1.00% 1.010 1.02460898 102,460.90 0.991% 1.02461
10/16/2019 2,989.69 -0.20% 0.998 1.02256022 102,256.02 -0.200% 1.02256
10/17/2019 2,997.95 0.28% 1.003 1.02538538 102,538.54 0.276% 1.02539
10/18/2019 2,986.20 -0.39% 0.996 1.02136654 102,136.65 -0.393% 1.02137
10/21/2019 3,006.72 0.69% 1.007 1.02838497 102,838.50 0.685% 1.02838
10/22/2019 2,995.99 -0.36% 0.996 1.024715 102,471.50 -0.358% 1.02472
10/23/2019 3,004.52 0.28% 1.003 1.02763251 102,763.25 0.284% 1.02763
10/24/2019 3,010.29 0.19% 1.002 1.02960602 102,960.60 0.192% 1.02961
10/25/2019 3,022.55 0.41% 1.004 1.03379929 103,379.93 0.406% 1.03380
10/28/2019 3,039.42 0.56% 1.006 1.03956932 103,956.93 0.557% 1.03957
10/29/2019 3,036.89 -0.08% 0.999 1.03870398 103,870.40 -0.083% 1.03870
10/30/2019 3,046.77 0.33% 1.003 1.04208323 104,208.32 0.325% 1.04208
10/31/2019 3,037.56 -0.30% 0.997 1.03893314 103,893.31 -0.303% 1.03893
11/1/2019 3,066.91 0.97% 1.010 1.04897169 104,897.17 0.962% 1.04897
11/4/2019 3,078.27 0.37% 1.004 1.05285714 105,285.71 0.370% 1.05286
11/5/2019 3,074.62 -0.12% 0.999 1.05160873 105,160.87 -0.119% 1.05161
11/6/2019 3,076.78 0.07% 1.001 1.05234751 105,234.75 0.070% 1.05235
11/7/2019 3,085.18 0.27% 1.003 1.05522056 105,522.06 0.273% 1.05522
11/8/2019 3,093.08 0.26% 1.003 1.05792259 105,792.26 0.256% 1.05792
11/11/2019 3,087.01 -0.20% 0.998 1.05584647 105,584.65 -0.196% 1.05585
11/12/2019 3,091.84 0.16% 1.002 1.05749847 105,749.85 0.156% 1.05750
11/13/2019 3,094.04 0.07% 1.001 1.05825093 105,825.09 0.071% 1.05825
11/14/2019 3,096.63 0.08% 1.001 1.05913679 105,913.68 0.084% 1.05914
11/15/2019 3,120.46 0.77% 1.008 1.06728734 106,728.73 0.767% 1.06729
11/18/2019 3,122.03 0.05% 1.001 1.06782432 106,782.43 0.050% 1.06782
11/19/2019 3,120.18 -0.06% 0.999 1.06719157 106,719.16 -0.059% 1.06719
11/20/2019 3,108.46 -0.38% 0.996 1.06318299 106,318.30 -0.376% 1.06318
11/21/2019 3,103.54 -0.16% 0.998 1.06150021 106,150.02 -0.158% 1.06150
11/22/2019 3,110.29 0.22% 1.002 1.0638089 106,380.89 0.217% 1.06381
11/25/2019 3,133.64 0.75% 1.008 1.07179528 107,179.53 0.748% 1.07180
11/26/2019 3,140.52 0.22% 1.002 1.07414843 107,414.84 0.219% 1.07415
11/27/2019 3,153.63 0.42% 1.004 1.07863243 107,863.24 0.417% 1.07863
11/29/2019 3,140.98 -0.40% 0.996 1.07430577 107,430.58 -0.402% 1.07431
12/2/2019 3,113.87 -0.86% 0.991 1.06503336 106,503.34 -0.867% 1.06503
12/3/2019 3,093.20 -0.66% 0.993 1.05796363 105,796.36 -0.666% 1.05796
12/4/2019 3,112.76 0.63% 1.006 1.06465371 106,465.37 0.630% 1.06465
12/5/2019 3,117.43 0.15% 1.002 1.06625099 106,625.10 0.150% 1.06625
12/6/2019 3,145.91 0.91% 1.009 1.07599197 107,599.20 0.909% 1.07599
12/9/2019 3,135.96 -0.32% 0.997 1.07258878 107,258.88 -0.317% 1.07259
12/10/2019 3,132.52 -0.11% 0.999 1.0714122 107,141.22 -0.110% 1.07141
12/11/2019 3,141.63 0.29% 1.003 1.07452809 107,452.81 0.290% 1.07453
12/12/2019 3,168.57 0.86% 1.009 1.08374234 108,374.23 0.854% 1.08374
12/13/2019 3,168.80 0.01% 1.000 1.08382101 108,382.10 0.007% 1.08382
12/16/2019 3,191.45 0.71% 1.007 1.09156796 109,156.80 0.712% 1.09157
12/17/2019 3,192.52 0.03% 1.000 1.09193393 109,193.39 0.034% 1.09193
12/18/2019 3,191.14 -0.04% 1.000 1.09146193 109,146.19 -0.043% 1.09146
12/19/2019 3,205.37 0.45% 1.004 1.096329 109,632.90 0.445% 1.09633
12/20/2019 3,221.22 0.49% 1.005 1.10175016 110,175.02 0.493% 1.10175
12/23/2019 3,224.01 0.09% 1.001 1.10270442 110,270.44 0.087% 1.10270
12/24/2019 3,223.38 -0.02% 1.000 1.10248894 110,248.89 -0.020% 1.10249
12/26/2019 3,239.91 0.51% 1.005 1.10814268 110,814.27 0.512% 1.10814
12/27/2019 3,240.02 0.00% 1.000 1.1081803 110,818.03 0.003% 1.10818
12/30/2019 3,221.29 -0.58% 0.994 1.1017741 110,177.41 -0.580% 1.10177
12/31/2019 3,230.78 0.29% 1.003 1.10501996 110,502.00 0.294% 1.10502
1/2/2020 3,257.85 0.84% 1.008 1.11427868 111,427.87 0.834% 1.11428
1/3/2020 3,234.85 -0.71% 0.993 1.10641201 110,641.20 -0.708% 1.10641
1/6/2020 3,246.28 0.35% 1.004 1.1103214 111,032.14 0.353% 1.11032
1/7/2020 3,237.18 -0.28% 0.997 1.10720894 110,720.89 -0.281% 1.10721
1/8/2020 3,253.05 0.49% 1.005 1.11263694 111,263.69 0.489% 1.11264
1/9/2020 3,274.70 0.67% 1.007 1.12004186 112,004.19 0.663% 1.12004
1/10/2020 3,265.35 -0.29% 0.997 1.11684389 111,684.39 -0.286% 1.11684
1/13/2020 3,288.13 0.70% 1.007 1.12463531 112,463.53 0.695% 1.12464
1/14/2020 3,283.15 -0.15% 0.998 1.12293201 112,293.20 -0.152% 1.12293
1/15/2020 3,289.29 0.19% 1.002 1.12503207 112,503.21 0.187% 1.12503
1/16/2020 3,316.81 0.84% 1.008 1.1344447 113,444.47 0.833% 1.13444
1/17/2020 3,329.62 0.39% 1.004 1.13882609 113,882.61 0.385% 1.13883
1/21/2020 3,320.79 -0.27% 0.997 1.13580597 113,580.60 -0.266% 1.13581
1/22/2020 3,321.75 0.03% 1.000 1.13613432 113,613.43 0.029% 1.13613
1/23/2020 3,325.54 0.11% 1.001 1.13743061 113,743.06 0.114% 1.13743
1/24/2020 3,295.47 -0.90% 0.991 1.1271458 112,714.58 -0.908% 1.12715
1/27/2020 3,243.63 -1.57% 0.984 1.10941503 110,941.50 -1.586% 1.10942
1/28/2020 3,276.24 1.01% 1.010 1.12056859 112,056.86 1.000% 1.12057
1/29/2020 3,273.40 -0.09% 0.999 1.11959723 111,959.72 -0.087% 1.11960
1/30/2020 3,283.66 0.31% 1.003 1.12310644 112,310.64 0.313% 1.12311
1/31/2020 3,225.52 -1.77% 0.982 1.10322089 110,322.09 -1.786% 1.10322
2/3/2020 3,248.92 0.73% 1.007 1.11122436 111,122.44 0.723% 1.11122
2/4/2020 3,297.59 1.50% 1.015 1.1278709 112,787.09 1.487% 1.12787
2/5/2020 3,334.69 1.13% 1.011 1.14056017 114,056.02 1.119% 1.14056
2/6/2020 3,345.78 0.33% 1.003 1.14435327 114,435.33 0.332% 1.14435
2/7/2020 3,327.71 -0.54% 0.995 1.13817281 113,817.28 -0.542% 1.13817
2/10/2020 3,352.09 0.73% 1.007 1.14651148 114,651.15 0.730% 1.14651
2/11/2020 3,357.75 0.17% 1.002 1.14844736 114,844.74 0.169% 1.14845
2/12/2020 3,379.45 0.65% 1.006 1.15586939 115,586.94 0.644% 1.15587
2/13/2020 3,373.94 -0.16% 0.998 1.15398481 115,398.48 -0.163% 1.15398
2/14/2020 3,380.16 0.18% 1.002 1.15611223 115,611.22 0.184% 1.15611
2/18/2020 3,370.29 -0.29% 0.997 1.1527364 115,273.64 -0.292% 1.15274
2/19/2020 3,386.15 0.47% 1.005 1.15816098 115,816.10 0.469% 1.15816
2/20/2020 3,373.23 -0.38% 0.996 1.15374197 115,374.20 -0.382% 1.15374
2/21/2020 3,337.75 -1.05% 0.989 1.14160678 114,160.68 -1.057% 1.14161
2/24/2020 3,225.89 -3.35% 0.966 1.10334744 110,334.74 -3.409% 1.10335
2/25/2020 3,128.21 -3.03% 0.970 1.06993806 106,993.81 -3.075% 1.06994
2/26/2020 3,116.39 -0.38% 0.996 1.06589528 106,589.53 -0.379% 1.06590
2/27/2020 2,978.76 -4.42% 0.956 1.01882185 101,882.18 -4.517% 1.01882
2/28/2020 2,954.21 -0.82% 0.992 1.01042504 101,042.50 -0.828% 1.01043
3/2/2020 3,090.23 4.60% 1.046 1.0569478 105,694.78 4.501% 1.05695
3/3/2020 3,003.37 -2.81% 0.972 1.02723918 102,723.92 -2.851% 1.02724
3/4/2020 3,130.12 4.22% 1.042 1.07059133 107,059.13 4.134% 1.07059
3/5/2020 3,023.94 -3.39% 0.966 1.03427471 103,427.47 -3.451% 1.03427
3/6/2020 2,972.37 -1.71% 0.983 1.01663628 101,663.63 -1.720% 1.01664
3/9/2020 2,746.56 -7.60% 0.924 0.93940275 93,940.27 -7.901% 0.93940
3/10/2020 2,882.23 4.94% 1.049 0.9858058 98,580.58 4.822% 0.98581
3/11/2020 2,741.38 -4.89% 0.951 0.93763104 93,763.10 -5.010% 0.93763
3/12/2020 2,480.64 -9.51% 0.905 0.84845044 84,845.04 -9.994% 0.84845
3/13/2020 2,711.04 9.29% 1.093 0.92725388 92,725.39 8.882% 0.92725
3/16/2020 2,386.13 -11.98% 0.880 0.81612529 81,612.53 -12.766% 0.81613
3/17/2020 2,529.19 6.00% 1.060 0.86505594 86,505.59 5.823% 0.86506
3/18/2020 2,398.10 -5.18% 0.948 0.82021938 82,021.94 -5.322% 0.82022
3/19/2020 2,409.39 0.47% 1.005 0.82408088 82,408.09 0.470% 0.82408
3/20/2020 2,304.92 -4.34% 0.957 0.78834913 78,834.91 -4.433% 0.78835
3/23/2020 2,237.40 -2.93% 0.971 0.76525534 76,525.53 -2.973% 0.76526
3/24/2020 2,447.33 9.38% 1.094 0.83705746 83,705.75 8.968% 0.83706
3/25/2020 2,475.56 1.15% 1.012 0.84671293 84,671.29 1.147% 0.84671
3/26/2020 2,630.07 6.24% 1.062 0.89955981 89,955.98 6.054% 0.89956
3/27/2020 2,541.47 -3.37% 0.966 0.86925605 86,925.61 -3.427% 0.86926
3/30/2020 2,626.65 3.35% 1.034 0.89839007 89,839.01 3.297% 0.89839
3/31/2020 2,584.59 -1.60% 0.984 0.88400434 88,400.43 -1.614% 0.88400
4/1/2020 2,470.50 -4.41% 0.956 0.84498227 84,498.23 -4.515% 0.84498
4/2/2020 2,526.90 2.28% 1.023 0.86427269 86,427.27 2.257% 0.86427
4/3/2020 2,488.65 -1.51% 0.985 0.85119009 85,119.01 -1.525% 0.85119
4/6/2020 2,663.68 7.03% 1.070 0.9110554 91,105.54 6.797% 0.91106
4/7/2020 2,659.41 -0.16% 0.998 0.90959494 90,959.49 -0.160% 0.90959
 4/8/2020 2,749.98 3.41% 1.034 0.94057249 94,057.25 3.349% 0.94057
4/9/2020 2,789.82 1.45% 1.014 0.95419892 95,419.89 1.438% 0.95420
4/13/2020 2,761.63 -1.01% 0.990 0.94455712 94,455.71 -1.016% 0.94456
4/14/2020 2,846.06 3.06% 1.031 0.97343462 97,343.46 3.011% 0.97343
4/15/2020 2,783.36 -2.20% 0.978 0.95198941 95,198.94 -2.228% 0.95199
4/16/2020 2,799.55 0.58% 1.006 0.95752686 95,752.69 0.580% 0.95753
4/17/2020 2,874.56 2.68% 1.027 0.98318244 98,318.24 2.644% 0.98318
4/20/2020 2,823.16 -1.79% 0.982 0.96560216 96,560.22 -1.804% 0.96560
4/21/2020 2,736.56 -3.07% 0.969 0.93598246 93,598.25 -3.116% 0.93598
4/22/2020 2,799.31 2.29% 1.023 0.95744477 95,744.48 2.267% 0.95744
4/23/2020 2,797.80 -0.05% 0.999 0.95692831 95,692.83 -0.054% 0.95693
4/24/2020 2,836.74 1.39% 1.014 0.97024691 97,024.69 1.382% 0.97025
4/27/2020 2,878.48 1.47% 1.015 0.98452319 98,452.32 1.461% 0.98452
4/28/2020 2,863.39 -0.52% 0.995 0.97936198 97,936.20 -0.526% 0.97936
4/29/2020 2,939.51 2.66% 1.027 1.00539722 100,539.72 2.624% 1.00540
4/30/2020 2,912.43 -0.92% 0.991 0.99613507 99,613.51 -0.926% 0.99614
5/1/2020 2,830.71 -2.81% 0.972 0.96818448 96,818.45 -2.846% 0.96818

5/1/2019 2,923.73 Initial value 100,000

5/1/2020 2,830.71 Final value 96,818.45
Price change -3.18% Total return -3.18%
Buy and hold strategy Investing all my money each day
I enter investopedia in 19 to buy and in 20 to sell Each day I enter investopedia to trade all my money

Passive strategy Active strategy

if there is no transaccion cost, the passive s. is equal to the active strategy for investment in 1 asset or stock

For very small R(t), r(t) is very close or equal to R(t)

Use the simple return for small or dailies prices, works better small numbers.
the logaritmyc return is less or equal that simple return.
for daily returns is better logaritmic.

TEMA PARA PARCIAL

ompound 2
CONCEPT R(t) r(t)

mean 0.008% -0.013%

Standar divi. 0.02039559 0.959% Volatility mean than 2% , returns can be gain with 2% or losses with 2%

The mean differs because the r(t) makes negative R(t) more negative and positive R(t) smaller

the r(t) seems to make profits smaller and losses bigger, when R(t) has **bigger** numbers

RISK = STANDAR DIVISION

The bigger Std. Dev is the bigger is the risk

Std. Dev = square root of the variance

gain with 2% or losses with 2%

R(t) smaller
Selection of one stock

the idea is come up with criteria to select stocks

three cases:
case 1: two stocks (A,B)
mean (a) = mean (b)
always select the stan. Div lower
Risk (a) < risk (b)
I choose stock a

case 2: two stocks (A,B)

mean (a) > mean (b)
I choose stock a.

case 3: mean (a) > mean (b)

Risk (a) > risk (b)
sharpe ratio: mean/ risk
the return por unit of risk.
the sr (a) > sr (b) , then I chose stock a.

but the general formula of the sr = [mean - (risk-free interest rate)]/ risk

Risk free means that has no risk.

PORTFOLIOS - MARKOWITZ
this model allows to answer how much should I invest ?

this model makes portfolios based on risk and return.

we like return, we want to maximize returns

we dislike risk, we want to minimize risk

another two key phrases:

given a return, we want to minimize risk.
given a risk, we want to maximize return.

thing to keep in mind with markowitz:

the highest portafolio returns is equal to the highest stock return,if short-sells are not allowed.

whats is diversification
means to invest in stocks that are affected by differents factors ( economic, political, social, among others things)
 MARKOWITZ does not say that.
it seems to be that not all risk is diversifiable.

Optimization problem.
1 mininize portfolio risk subject to an unexpected return and conditions over weights.
weight is the percentage of my capital that is invested in a given stocks.
sum of al weigths should be equal to 100%

2 the solution to this problem is called an efficient portfolio.

3 the set or collection of all efficient portfolios is called an efficient frontier .

CAPM
capital asset pricing model

focus in one equation

things to keep in mind

Two types of risk:
1. Systemic risk: it's related to (beta), the risk cannot be diversified
2. idiosyncratic risk (specific risk) : it's related to error. The risk can be diverfified.
re not allowed.

cal, social, among others things)\