Days

1/1/20
14
1/2/20
14
1/5/20
14

Market
Return

Risk
free
rate

Excess
market
Return
0

Excess
market
Return
Squared
0

Stock
Return

Excess
Stock
Return

22.793305
38
1.8395548
9

4.64123
5241
3.27354
2601
3.36405
53

4.12603
5241
3.78874
2601
2.84885
53

2.5111822
21

-0.4735

0.51
52
0.51
52

1/7/20
14

5.28943
3486
0.84110
1917
0.59190
7499
2.05817
1014

0.47
35

4.774233
486
1.356301
917
1.107107
499
1.584671
014

1/8/20
14
1/9/20
14

4.87932
0307
0.50136
0632

0.47
35
0.47
35

4.405820
307
0.027860
632

19.411252
58
0.0007762
15

4.5265

0.32882
8829

1/12/2
014
1/13/2
014

1.48627
4307
0.07932
7538

0.47
35
0.47
35

1.0257117
97
0.1553719
3

1/14/2
014

2.31865
9969

0.37
03

1.012774
307
0.394172
462
1.948359
969

1/16/2
014
1/19/2
014

1.69208
9821
0.09492
7682

0.37
03
0.37
03

1.7471283
32
0.0758299
13

1/20/2
014

2.27648
8193
2.23073
5164
0.72491
6292
0.83345
0269

0.37
03

1.321789
821
0.275372
318
2.646788
193
2.588535
164
1.082716
292
0.475650
269

1.80693
0693
2.42793
7916
4.88839
2857
2.06447
9638
0.54436
9873
4.10112
3596
0.82954
5455
2.99316
6287
0

0.14467
1171
1.33343
0693
2.90143
7916
5.25869
2857
1.69417
9638
0.91466
9873
4.47142
3596
1.18734
5455
3.35096
6287
-0.3578

1/6/20
14

1/21/2
014
1/22/2
014
1/23/2
014

0.51
52

0.35
78
0.35
78
0.35
78

1.2256870
15

3.7961065
69

7.0054877
36
6.7005142
95
1.1722745
69
0.2262431
78

Cross
Product
Excess
Returns
0

Stock
Price

19.69865
561
5.138678
852

2230

3.153989
066
0.750341
725
19.94294
562
0.004030
63
1.350464
346
1.143666
927

2190

10.24582
665
2.239349
401
0.251874
763

2210

11.83491
118

2200

3.073485
461

2195

3.628145
793

2177

0.170187
666

2177

Stock
Retur
ns

2202

2170

4.641
235
3.273
54
3.364
055

2190

2220

2222

0.328
829

2255

1.806
931
2.427
94
4.888
39
2.064
48
0.544
37
4.101
12
0.829
55
2.993
17
0

2240

2235
2225

1/26/2
014
1/27/2
014
1/28/2
014
1/29/2
014
Sum

0.31279
9627
1.49506
176
0.88856
7145

0.35
78

0.42454
3375
11.2240
2834

0.15
07

Averag
e

Beta

0.35
78
0.15
07

7.48
47

0.670599
627
1.852861
76
0.737867
145

0.4497038
59

0.11177
4613

3.4330967
01

0.575243
375
3.739328
344

0.3309049
4

2.34511
2437
2.52886
836
3.39534
8837

0.186966
417

0.77711
3559

0.5444479
24

74.444580
04

3.21940
6231

0.24602
5387
2.70291
2437
2.67956
836
3.24464
8837
10.7041
0623
0.53520
5312

0.164984
532

2179

0.111
775

5.008123
095

2165

1.977165
457
1.866462
747
55.30728
163

2150

2.345
11
2.528
87
3.395
349

2170

4180
0

3.219
41

Days
1/1/2014
1/2/2014
1/5/2014
1/6/2014
1/7/2014
1/8/2014
1/9/2014
1/12/2014
1/13/2014
1/14/2014
1/16/2014
1/19/2014
1/20/2014
1/21/2014
1/22/2014
1/23/2014
1/26/2014
1/27/2014
1/28/2014
1/29/2014
Sum
Average
Beta

Market
Return

Risk free
rate

5.289433486
-0.841101917
-0.591907499
2.058171014
4.879320307
0.501360632
1.486274307
0.079327538
2.318659969
1.692089821
0.094927682
-2.276488193
-2.230735164
-0.724916292
0.833450269
-0.312799627
-1.49506176
0.888567145
-0.424543375
11.22402834

0.5152
0.5152
0.5152
0.4735
0.4735
0.4735
0.4735
0.4735
0.3703
0.3703
0.3703
0.3703
0.3578
0.3578
0.3578
0.3578
0.3578
0.1507
0.1507
7.4847

0.777113559

Excess market
Return
0
4.774233486
-1.356301917
-1.107107499
1.584671014
4.405820307
0.027860632
1.012774307
-0.394172462
1.948359969
1.321789821
-0.275372318
-2.646788193
-2.588535164
-1.082716292
0.475650269
-0.670599627
-1.85286176
0.737867145
-0.575243375
3.739328344
0.186966417

Excess market
Return Squared
0
22.79330538
1.83955489
1.225687015
2.511182221
19.41125258
0.000776215
1.025711797
0.15537193
3.796106569
1.747128332
0.075829913
7.005487736
6.700514295
1.172274569
0.226243178
0.449703859
3.433096701
0.544447924
0.33090494
74.44458004

Stock Return
4.641235241
-3.273542601
3.3640553
0
5
0.328828829
1.806930693
-2.427937916
-4.888392857
2.064479638
-0.544369873
-4.101123596
-0.829545455
-2.993166287
0
0.111774613
-2.345112437
-2.52886836
3.395348837
-3.219406231

Excess Stock Cross Product

Return
Excess Returns
0
0
4.126035241
19.69865561
-3.788742601 5.138678852
2.8488553
-3.153989066
-0.4735
-0.750341725
4.5265
19.94294562
-0.144671171
-0.00403063
1.333430693
1.350464346
-2.901437916 1.143666927
-5.258692857 -10.24582665
1.694179638
2.239349401
-0.914669873 0.251874763
-4.471423596 11.83491118
-1.187345455 3.073485461
-3.350966287 3.628145793
-0.3578
-0.170187666
-0.246025387 0.164984532
-2.702912437 5.008123095
-2.67956836
-1.977165457
3.244648837 -1.866462747
-10.70410623 55.30728163
-0.535205312

Stock
Price
2202
2230
2170
2190
2190
2220
2222
2255
2240
2210
2235
2225
2200
2195
2177
2177
2179
2165
2150
2170
41800

Stock
Returns
4.641235
-3.27354
3.364055
0
5
0.328829
1.806931
-2.42794
-4.88839
2.06448
-0.54437
-4.10112
-0.82955
-2.99317
0
0.111775
-2.34511
-2.52887
3.395349
-3.21941