TUGAS INDIVIDU

ANALISIS INVESTASI DAN MANAJEMEN PORTOFOLIO

Dosen Pengampu:
Dr. Rida Rahim, SE, ME

Oleh :
SUCI WIDYA - 1920532030

PROGRAM STUDI MAGISTER AKUNTANSI

FAKULTAS EKONOMI

UNIVERSITAS ANDALAS

2020
1. Mengamati beberapa saham yang ada di BEI selama periode 100 hari.

2. Menghitung risiko portofolio dari saham dengan menggunakan metode Sharp, Treynor dan Jensen. Jelaskan hasilnya!

 Perusahaan yang diamati yaitu PT. Bank Danamon Indonesia Tbk (BDMN) dan PT Bank CIMB Niaga Tbk (BNGA)

1. Indeks Sharpe

Disebut juga dengan reward to variability ratio. Indeks Sharpe mendasarkan perhitungannya pada konsep garis pasar modal sebagai patok duga

Yaitu dengan cara membagi premi risiko portofolio dengan standar deviasinya. Persamaan indeks Sharpe :

KET:

Sp : Indeks Sharpe portofolio

Rp : Rata-rata return portofolio p selama periode pengamatan

RF : Rata-rata tingkat return bebas risiko selama periode pengamatan

Σ : Standar deviasi return portofolio selama periode pengamatan

2. Indeks Treynor

Merupakan suatu raso kompensasi terhadap risiko. Sering disebut reward to volatility ratio, yaitu asumsi bahwa portofolio sudah terdiversifikasi dengan baik sehingga
risiko yang relevan adalah risiko sistematis (beta).
 KET :

Tp : Indeks treynor portofolio

Rp : Rata-rata return portofolio p selama periode pengamatan

RF : Rata-rata tingkat return bebas risiko selama periode pengamatan

Β : Beta portofolio

3. Indeks Jensen

Merupakan indeks yang menunjukkan perbedaan antara tingkat return actual yang diperoleh portofolio dengan tingkat return yang diharapkan jika portofolio tersebut

Berada pada garis pasar modal.

KET :

Jp : indeks Jensen portofolio

Rp : Rata-rata return portofolio p selama periode pengamatan

RF : Rata-rata tingkat return bebas risiko selama periode pengamatan

Β : Beta portofolio

Rm: Return Pasar

Berdasarkan persamaan diatas, didapat hasil rata-rata dari masing-masing indeks sbb :

1. Indeks Sharpe (Sp)

 PT Bank Danamon Indonesia Tbk (BDMN) = - 0.27014

 PT Bank CIMB Niaga Tbk (BNGA) = - 0.3059

Dari hasil diatas, nilai Indeks Sharpe (Sp) kedua perusahaan bernilai negatif. Yang berarti bahwa tingkat risiko bebas perusahaan

lebih besar dibanding dengan tingkat pengembalian portofolio. Namun jika dibandingkan keduanya dapat dilihat bahwa nilai Sp

PT Bank Danamon Indonesia Tbk (BDMN) sebesar -0.27014 lebih baik dibandingkan PT Bank CIMB Niaga Tbk (BNGA) sebesar

- 0.3059 , karena nilai Sp BDMN sedikit lebih tinggi atau mendekati 0 daripada BNGA yang berarti sharpe BDMN memiliki kinerja

portofolio yang lebih baik dibandingkan dengan BNGA.

2. Indeks Treynor (Tp)

 PT Bank Danamon Indonesia Tbk (BDMN) = - 0.20047

 PT Bank CIMB Niaga Tbk (BNGA) = - 22.8834

Dari hasil diatas, nilai Indeks Treynor (Tp) bernilai negatif. jika dibandingkan keduanya dapat dilihat bahwa nilai Tp PT Bank

Danamon Indonesia Tbk (BDMN) sebesar - 0.20047 lebih baik dibandingkan PT Bank CIMB Niaga Tbk (BNGA) sebesar

- 22.8834, karena nilai Tp BDMN sedikit lebih tinggi atau mendekati 0 daripada BNGA yang berarti Treynor BDMN memiliki

kinerja portofolio yang relative lebih baik dibandingkan dengan BNGA yang mempunyai indeks Treynor lebih kecil.
 3. Indeks Jensen (Jp)

 PT Bank Danamon Indonesia Tbk (BDMN) = 0.38079

 PT Bank CIMB Niaga Tbk (BNGA) = - 0.38634

Dari hasil diatas, Jp PT Bank Danamon Indonesia Tbk (BDMN) bernilai positif dan Jp PT Bank CIMB Niaga Tbk (BNGA) bernilai negatif.

Yang artinya bahwa perusahaan BDMN memberikan return yang lebih besar dari return yang harapannya (berada diatas pasar sekuritas)

Sehingga merupakan hal yang bagus karena mempunyai return yang yang relative lebih tinggi untuk tingkat risiko sistematisnya. Namun

Pada perusahaan BNGA malah sebaliknya, bahwa nilai indeks nya negatif yang berarti menunjukkan bahwa portofolio mempunyai return

lebih rendah untuk tingkat risiko sistematisnya.

KESIMPULAN

Berdasarkan hasil olahan data yang telah dilakukan indeks Sharpe dan Treynor bernilai negatif di kedua perusahaan. Hal ini mungkin disebabkan karena
kinerja perusahaan sedang berada di bawah Benchmark (IHSG). Kemungkinan indeks negatif (Underperfom) dikarenakan perbankan mengalami beberapa
resiko pandemic yang dihadapi saat ini, baik itu resiko sistematis dan non sistematis. Dan untuk Indeks Jensen hanya perusahaan berkode BDMN bernilai
positif, yang berarti portofolio mampu berada diatas kinerja diatas harga pasar, Benchmark(IHSG) atau biasa disebut dengan Outperform. Dan begitu
sebaliknya dengan perusahaan BNGA.
 LAMPIRAN DATA AWAL

BI RATE
HARGA SAHAM HARGA SAHAM
TANGGAL IHSG BDMN &
BDMN BNGA
BNGA

7/2/2020 2770 735 4966.78 4.00%

7/3/2020 2780 745 4973.794 4.00%

7/6/2020 2800 760 4988.866 4.00%

7/7/2020 2810 745 4987.082 4.00%

7/8/2020 2850 765 5076.174 4.00%

7/9/2020 2820 755 5052.794 4.00%

7/10/2020 2800 830 5031.256 4.00%

7/13/2020 2830 825 5064.447 4.00%

7/14/2020 2830 790 5079.122 4.00%

7/15/2020 2830 790 5075.798 4.00%

7/16/2020 2800 785 5098.374 4.00%

7/17/2020 2750 780 5079.585 4.00%

7/20/2020 2730 785 5051.106 4.00%

7/21/2020 2760 790 5114.709 4.00%

7/22/2020 2840 800 5110.187 4.00%

7/23/2020 2840 805 5145.01 4.00%

7/24/2020 2800 780 5082.991 4.00%

7/27/2020 2800 790 5116.666 4.00%

7/28/2020 2770 780 5112.989 4.00%

7/29/2020 2740 780 5149.63 4.00%

7/30/2020 2740 770 5149.627 4.00%

8/3/2020 2620 740 5006.223 4.00%

8/4/2020 2690 750 5075.002 4.00%

8/5/2020 2720 750 5127.051 4.00%

8/6/2020 2760 765 5178.272 4.00%

8/7/2020 2770 750 5143.893 4.00%

8/10/2020 2720 765 5157.834 4.00%

8/11/2020 2800 785 5190.17 4.00%

8/12/2020 2800 805 5233.452 4.00%

8/13/2020 2800 795 5239.25 4.00%

8/14/2020 2770 790 5247.69 4.00%

8/18/2020 2790 810 5295.174 4.00%

8/19/2020 2770 800 5272.81 4.00%

8/24/2020 2770 800 5277.041 4.00%

8/25/2020 2770 815 5338.888 4.00%

8/26/2020 2770 845 5340.328 4.00%

8/27/2020 2740 855 5371.472 4.00%

8/28/2020 2730 850 5346.659 4.00%

8/31/2020 2720 815 5238.487 4.00%

9/1/2020 2690 830 5310.679 4.00%

9/2/2020 2630 825 5311.97 4.00%

9/3/2020 2580 820 5280.813 4.00%

9/4/2020 2530 815 5239.851 4.00%

9/7/2020 2520 805 5230.196 4.00%

9/8/2020 2470 810 5244.072 4.00%

9/9/2020 2370 790 5149.376 4.00%

9/10/2020 2210 735 4891.461 4.00%

9/11/2020 2210 755 5016.712 4.00%

9/14/2020 2400 785 5161.828 4.00%

9/15/2020 2350 775 5100.865 4.00%

9/16/2020 2320 800 5058.482 4.00%

9/17/2020 2270 775 5038.401 4.00%

9/18/2020 2380 765 5059.223 4.00%

9/21/2020 2300 755 4999.36 4.00%

9/22/2020 2230 735 4934.093 4.00%

9/23/2020 2180 730 4917.955 4.00%

9/24/2020 2110 705 4842.756 4.00%

9/25/2020 2220 720 4945.791 4.00%

9/28/2020 2200 715 4906.548 4.00%

9/29/2020 2190 715 4879.098 4.00%

9/30/2020 2170 720 4870.039 4.00%

10/1/2020 2270 735 4970.094 4.00%

10/2/2020 2220 735 4926.734 4.00%

10/5/2020 2240 735 4958.769 4.00%

10/6/2020 2260 745 4999.221 4.00%

10/7/2020 2220 735 5004.327 4.00%

10/8/2020 2240 740 5039.142 4.00%

10/9/2020 2280 755 5053.663 4.00%

10/12/2020 2280 765 5093.099 4.00%

10/13/2020 2330 775 5132.572 4.00%

10/14/2020 2390 770 5176.099 4.00%

10/15/2020 2370 760 5105.15 4.00%

10/16/2020 2410 755 5103.414 4.00%

10/19/2020 2430 765 5126.33 4.00%

10/20/2020 2400 760 5099.84 4.00%

10/21/2020 2390 755 5096.446 4.00%

10/22/2020 2540 750 5091.816 4.00%

10/23/2020 2500 755 5112.188 4.00%

10/26/2020 2500 760 5144.049 4.00%

10/27/2020 2460 760 5128.225 4.00%

11/2/2020 2430 750 5115.128 3.75%

11/3/2020 2450 750 5159.452 3.75%

11/4/2020 2410 745 5105.199 3.75%

11/5/2020 2500 765 5260.326 3.75%

11/6/2020 2500 785 5335.529 3.75%

11/9/2020 2540 790 5356.005 3.75%

11/10/2020 2630 805 5462.739 3.75%

11/11/2020 2630 805 5509.513 3.75%

11/12/2020 2570 800 5458.602 3.75%

11/13/2020 2590 795 5461.058 3.75%

11/16/2020 2610 815 5494.872 3.75%

 11/17/2020 2710 830 5529.94 3.75%

11/18/2020 2720 830 5557.518 3.75%

11/19/2020 2760 840 5594.059 3.75%

11/20/2020 2740 835 5571.656 3.75%

11/23/2020 2810 855 5652.764 3.75%

11/24/2020 2930 875 5701.029 3.75%

11/25/2020 3030 860 5679.247 3.75%

11/26/2020 3130 875 5759.916 3.75%

11/27/2020 3250 875 5783.335 3.75%

LAMPIRAN HASIL OLAHAN DATA YANG TELAH DILAKUKAN

SHARPE TREYNOR JENSEN JENSEN

RF TREYNOR
R. RM SHARPE/
R.PORTO RETURN STD.DEV STD. DEV RP RP BDMN BETA BETA RM /Sp /Tp
/Tp /Jp /Jp
PORTO PASAR BDMN BNGA BDMN BNGA & BDMN BNGA BDMN BNGA
BDMN Sp (BNGA) (BDMN)
BNGA BNGA (BDMN) (BNGA) (BDMN) (BNGA)

-0.0014 0.0232 0.0210 -0.0017 -0.0015 0.39 1.9934 0.0172 -0.0014 -0.0014 -16.92 -18.65 -0.1965 -22.7929 0.3886 -0.3848
-0.0036 -0.0134
-0.0030 0.0233 0.0211 -0.0017 -0.0014 0.39 1.9934 0.0172 -0.0030 -0.0030 -16.83 -18.58 -0.1965 -22.7859 0.3918 -0.3846
-0.0071 -0.0197
0.0004 0.0234 0.0211 -0.0016 -0.0012 0.39 1.9934 0.0172 0.0004 0.0004 -16.75 -18.55 -0.1964 -22.7750 0.3851 -0.3845
-0.0036 0.0201
-0.0176 0.0235 0.0211 -0.0016 -0.0014 0.39 1.9934 0.0172 -0.0176 -0.0176 -16.66 -18.56 -0.1964 -22.7878 0.4208 -0.3844
-0.0140 -0.0261
 0.0046 0.0236 0.0210 -0.0015 -0.0012 0.39 1.9934 0.0172 0.0046 0.0046 -16.59 -18.59 -0.1964 -22.7728 0.3768 -0.3845
0.0106 0.0132
0.0043 0.0237 0.0211 -0.0016 -0.0013 0.39 1.9934 0.0172 0.0043 0.0043 -16.53 -18.54 -0.1964 -22.7816 0.3773 -0.3847
0.0071 -0.0904
-0.0066 0.0238 0.0191 -0.0017 -0.0004 0.39 1.9934 0.0172 -0.0066 -0.0066 -16.46 -20.46 -0.1965 -22.7265 0.3988 -0.3836
-0.0106 0.0061
-0.0029 0.0239 0.0192 -0.0016 -0.0004 0.39 1.9934 0.0172 -0.0029 -0.0029 -16.38 -20.37 -0.1964 -22.7305 0.3916 -0.3837
0.0000 0.0443
0.0007 0.0240 0.0187 -0.0016 -0.0009 0.39 1.9934 0.0172 0.0007 0.0007 -16.29 -20.92 -0.1964 -22.7588 0.3845 -0.3842
0.0000 0.0000
-0.0044 0.0242 0.0188 -0.0016 -0.0009 0.39 1.9934 0.0172 -0.0044 -0.0044 -16.20 -20.80 -0.1965 -22.7594 0.3946 -0.3842
0.0107 0.0064
0.0037 0.0243 0.0189 -0.0018 -0.0010 0.39 1.9934 0.0172 0.0037 0.0037 -16.14 -20.71 -0.1965 -22.7641 0.3783 -0.3844
0.0182 0.0064
0.0056 0.0243 0.0190 -0.0020 -0.0011 0.39 1.9934 0.0172 0.0056 0.0056 -16.12 -20.62 -0.1966 -22.7690 0.3742 -0.3845
0.0073 -0.0064
-0.0124 0.0244 0.0191 -0.0021 -0.0010 0.39 1.9934 0.0172 -0.0124 -0.0124 -16.05 -20.50 -0.1967 -22.7655 0.4101 -0.3841
-0.0109 -0.0063
0.0009 0.0246 0.0192 -0.0020 -0.0010 0.39 1.9934 0.0172 0.0009 0.0009 -15.96 -20.39 -0.1966 -22.7620 0.3837 -0.3843
-0.0282 -0.0125
-0.0068 0.0245 0.0192 -0.0017 -0.0008 0.39 1.9934 0.0172 -0.0068 -0.0068 -15.97 -20.31 -0.1965 -22.7542 0.3993 -0.3840
0.0000 -0.0062
0.0122 0.0247 0.0193 -0.0017 -0.0008 0.39 1.9934 0.0172 0.0122 0.0122 -15.87 -20.20 -0.1965 -22.7505 0.3614 -0.3843
0.0143 0.0321
-0.0066 0.0248 0.0191 -0.0019 -0.0012 0.39 1.9934 0.0172 -0.0066 -0.0066 -15.83 -20.45 -0.1966 -22.7732 0.3987 -0.3844
0.0000 -0.0127
0.0007 0.0249 0.0192 -0.0019 -0.0010 0.39 1.9934 0.0172 0.0007 0.0007 -15.73 -20.37 -0.1966 -22.7652 0.3841 -0.3843
0.0108 0.0128
-0.0071 0.0250 0.0193 -0.0021 -0.0012 0.39 1.9934 0.0172 -0.0071 -0.0071 -15.67 -20.32 -0.1967 -22.7750 0.3996 -0.3844
0.0109 0.0000
0.0000 0.0251 0.0194 -0.0022 -0.0012 0.39 1.9934 0.0172 0.0000 0.0000 -15.60 -20.19 -0.1968 -22.7759 0.3852 -0.3845
0.0000 0.0130
0.0286 0.0253 0.0194 -0.0023 -0.0014 0.39 1.9934 0.0172 0.0286 0.0286 -15.51 -20.14 -0.1968 -22.7862 0.3281 -0.3852
0.0458 0.0405
-0.0136 0.0249 0.0190 -0.0029 -0.0019 0.39 1.9934 0.0172 -0.0136 -0.0136 -15.80 -20.67 -0.1971 -22.8171 0.4116 -0.3850
-0.0260 -0.0133
 -0.0102 0.0249 0.0190 -0.0026 -0.0018 0.39 1.9934 0.0172 -0.0102 -0.0102 -15.78 -20.58 -0.1969 -22.8086 0.4051 -0.3849
-0.0110 0.0000
-0.0099 0.0250 0.0192 -0.0025 -0.0018 0.39 1.9934 0.0172 -0.0099 -0.0099 -15.68 -20.44 -0.1969 -22.8099 0.4047 -0.3849
-0.0145 -0.0196
0.0067 0.0252 0.0192 -0.0023 -0.0016 0.39 1.9934 0.0172 0.0067 0.0067 -15.60 -20.42 -0.1968 -22.7963 0.3718 -0.3850
-0.0036 0.0200
-0.0027 0.0253 0.0191 -0.0023 -0.0019 0.39 1.9934 0.0172 -0.0027 -0.0027 -15.49 -20.47 -0.1968 -22.8130 0.3905 -0.3851
0.0184 -0.0196
-0.0062 0.0254 0.0192 -0.0026 -0.0016 0.39 1.9934 0.0172 -0.0062 -0.0062 -15.47 -20.44 -0.1969 -22.7991 0.3973 -0.3848
-0.0286 -0.0255
-0.0083 0.0254 0.0191 -0.0022 -0.0013 0.39 1.9934 0.0172 -0.0083 -0.0083 -15.46 -20.50 -0.1967 -22.7800 0.4017 -0.3844
0.0000 -0.0248
-0.0011 0.0255 0.0190 -0.0022 -0.0010 0.39 1.9934 0.0172 -0.0011 -0.0011 -15.36 -20.57 -0.1968 -22.7610 0.3874 -0.3842
0.0000 0.0126
-0.0016 0.0257 0.0191 -0.0023 -0.0011 0.39 1.9934 0.0172 -0.0016 -0.0016 -15.25 -20.50 -0.1968 -22.7721 0.3884 -0.3844
0.0108 0.0063
-0.0090 0.0259 0.0192 -0.0024 -0.0013 0.39 1.9934 0.0172 -0.0090 -0.0090 -15.18 -20.39 -0.1969 -22.7783 0.4029 -0.3844
-0.0072 -0.0247
0.0042 0.0260 0.0191 -0.0024 -0.0009 0.39 1.9934 0.0172 0.0042 0.0042 -15.07 -20.45 -0.1968 -22.7585 0.3766 -0.3843
0.0072 0.0125
-0.0008 0.0262 0.0192 -0.0025 -0.0011 0.39 1.9934 0.0172 -0.0008 -0.0008 -14.98 -20.38 -0.1969 -22.7700 0.3865 -0.3844
0.0000 0.0000
-0.0116 0.0264 0.0193 -0.0026 -0.0011 0.39 1.9934 0.0172 -0.0116 -0.0116 -14.87 -20.23 -0.1969 -22.7710 0.4080 -0.3842
0.0000 -0.0184
-0.0003 0.0266 0.0194 -0.0026 -0.0009 0.39 1.9934 0.0172 -0.0003 -0.0003 -14.76 -20.19 -0.1969 -22.7557 0.3854 -0.3842
0.0000 -0.0355
-0.0058 0.0268 0.0190 -0.0026 -0.0003 0.39 1.9934 0.0172 -0.0058 -0.0058 -14.64 -20.52 -0.1970 -22.7247 0.3964 -0.3835
0.0109 -0.0117
0.0046 0.0270 0.0191 -0.0028 -0.0002 0.39 1.9934 0.0172 0.0046 0.0046 -14.57 -20.41 -0.1971 -22.7144 0.3753 -0.3835
0.0037 0.0059
0.0206 0.0272 0.0193 -0.0030 -0.0003 0.39 1.9934 0.0172 0.0206 0.0206 -14.46 -20.27 -0.1971 -22.7200 0.3433 -0.3839
0.0037 0.0429
-0.0136 0.0274 0.0186 -0.0031 -0.0009 0.39 1.9934 0.0172 -0.0136 -0.0136 -14.36 -21.03 -0.1972 -22.7605 0.4115 -0.3840
0.0112 -0.0181
-0.0002 0.0275 0.0186 -0.0033 -0.0007 0.39 1.9934 0.0172 -0.0002 -0.0002 -14.28 -20.99 -0.1973 -22.7442 0.3846 -0.3840
0.0228 0.0061
 0.0059 0.0276 0.0188 -0.0037 -0.0008 0.39 1.9934 0.0172 0.0059 0.0059 -14.28 -20.84 -0.1975 -22.7507 0.3719 -0.3842
0.0194 0.0061
0.0078 0.0276 0.0189 -0.0041 -0.0009 0.39 1.9934 0.0172 0.0078 0.0078 -14.26 -20.69 -0.1977 -22.7575 0.3677 -0.3843
0.0198 0.0061
0.0018 0.0277 0.0190 -0.0045 -0.0010 0.39 1.9934 0.0172 0.0018 0.0018 -14.25 -20.54 -0.1979 -22.7646 0.3792 -0.3844
0.0040 0.0124
-0.0026 0.0279 0.0191 -0.0047 -0.0013 0.39 1.9934 0.0172 -0.0026 -0.0026 -14.14 -20.47 -0.1980 -22.7783 0.3880 -0.3845
0.0202 -0.0062
0.0184 0.0280 0.0193 -0.0051 -0.0012 0.39 1.9934 0.0172 0.0184 0.0184 -14.13 -20.29 -0.1982 -22.7732 0.3457 -0.3848
0.0422 0.0253
0.0527 0.0275 0.0191 -0.0060 -0.0016 0.39 1.9934 0.0172 0.0527 0.0527 -14.42 -20.49 -0.1986 -22.8012 0.2763 -0.3859
0.0724 0.0748
-0.0250 0.0255 0.0161 -0.0074 -0.0031 0.39 1.9934 0.0172 -0.0250 -0.0250 -15.59 -24.39 -0.1994 -22.8837 0.4298 -0.3859
0.0000 -0.0265
-0.0281 0.0257 0.0159 -0.0076 -0.0026 0.39 1.9934 0.0172 -0.0281 -0.0281 -15.46 -24.64 -0.1994 -22.8579 0.4359 -0.3854
-0.0792 -0.0382
0.0120 0.0239 0.0153 -0.0062 -0.0019 0.39 1.9934 0.0172 0.0120 0.0120 -16.56 -25.64 -0.1988 -22.8181 0.3574 -0.3854
0.0213 0.0129
0.0084 0.0238 0.0153 -0.0067 -0.0022 0.39 1.9934 0.0172 0.0084 0.0084 -16.64 -25.65 -0.1990 -22.8350 0.3640 -0.3857
0.0129 -0.0313
0.0040 0.0239 0.0149 -0.0071 -0.0016 0.39 1.9934 0.0172 0.0040 0.0040 -16.61 -26.34 -0.1992 -22.8012 0.3724 -0.3850
0.0220 0.0323
-0.0041 0.0238 0.0142 -0.0077 -0.0023 0.39 1.9934 0.0172 -0.0041 -0.0041 -16.72 -27.66 -0.1995 -22.8415 0.3879 -0.3856
-0.0462 0.0131
0.0120 0.0234 0.0142 -0.0069 -0.0027 0.39 1.9934 0.0172 0.0120 0.0120 -16.99 -27.74 -0.1991 -22.8602 0.3566 -0.3862
0.0348 0.0132
0.0132 0.0228 0.0141 -0.0078 -0.0030 0.39 1.9934 0.0172 0.0132 0.0132 -17.47 -27.85 -0.1996 -22.8799 0.3533 -0.3865
0.0314 0.0272
0.0033 0.0223 0.0135 -0.0087 -0.0037 0.39 1.9934 0.0172 0.0033 0.0033 -17.91 -29.11 -0.2000 -22.9182 0.3722 -0.3870
0.0229 0.0068
0.0155 0.0220 0.0136 -0.0094 -0.0039 0.39 1.9934 0.0172 0.0155 0.0155 -18.16 -29.01 -0.2003 -22.9317 0.3471 -0.3875
0.0332 0.0355
-0.0208 0.0213 0.0123 -0.0103 -0.0048 0.39 1.9934 0.0172 -0.0208 -0.0208 -18.84 -32.04 -0.2008 -22.9838 0.4186 -0.3877
-0.0495 -0.0208
0.0080 0.0206 0.0122 -0.0094 -0.0044 0.39 1.9934 0.0172 0.0080 0.0080 -19.38 -32.29 -0.2004 -22.9621 0.3621 -0.3879
0.0091 0.0070
 0.0056 0.0207 0.0122 -0.0099 -0.0047 0.39 1.9934 0.0172 0.0056 0.0056 -19.36 -32.27 -0.2006 -22.9779 0.3664 -0.3881
0.0046 0.0000
0.0019 0.0208 0.0124 -0.0102 -0.0048 0.39 1.9934 0.0172 0.0019 0.0019 -19.25 -31.94 -0.2008 -22.9845 0.3735 -0.3881
0.0092 -0.0069
-0.0201 0.0208 0.0125 -0.0107 -0.0047 0.39 1.9934 0.0172 -0.0201 -0.0201 -19.25 -31.55 -0.2010 -22.9814 0.4169 -0.3877
-0.0441 -0.0204
0.0088 0.0204 0.0124 -0.0098 -0.0043 0.39 1.9934 0.0172 0.0088 0.0088 -19.64 -31.77 -0.2006 -22.9580 0.3600 -0.3878
0.0225 0.0000
-0.0065 0.0199 0.0126 -0.0107 -0.0045 0.39 1.9934 0.0172 -0.0065 -0.0065 -20.12 -31.41 -0.2010 -22.9647 0.3896 -0.3876
-0.0089 0.0000
-0.0081 0.0202 0.0127 -0.0107 -0.0046 0.39 1.9934 0.0172 -0.0081 -0.0081 -19.85 -31.05 -0.2010 -22.9717 0.3928 -0.3877
-0.0088 -0.0134
-0.0010 0.0205 0.0128 -0.0108 -0.0043 0.39 1.9934 0.0172 -0.0010 -0.0010 -19.57 -30.81 -0.2011 -22.9574 0.3787 -0.3876
0.0180 0.0136
-0.0069 0.0202 0.0126 -0.0116 -0.0048 0.39 1.9934 0.0172 -0.0069 -0.0069 -19.92 -31.32 -0.2015 -22.9872 0.3896 -0.3880
-0.0089 -0.0068
-0.0029 0.0205 0.0128 -0.0117 -0.0048 0.39 1.9934 0.0172 -0.0029 -0.0029 -19.63 -30.86 -0.2015 -22.9840 0.3815 -0.3880
-0.0175 -0.0199
-0.0077 0.0207 0.0127 -0.0115 -0.0043 0.39 1.9934 0.0172 -0.0077 -0.0077 -19.35 -31.04 -0.2014 -22.9574 0.3913 -0.3875
0.0000 -0.0131
-0.0077 0.0210 0.0128 -0.0119 -0.0041 0.39 1.9934 0.0172 -0.0077 -0.0077 -19.16 -30.76 -0.2016 -22.9415 0.3909 -0.3872
-0.0215 -0.0129
-0.0084 0.0212 0.0129 -0.0116 -0.0038 0.39 1.9934 0.0172 -0.0084 -0.0084 -18.90 -30.48 -0.2015 -22.9248 0.3926 -0.3869
-0.0251 0.0065
0.0139 0.0215 0.0130 -0.0111 -0.0041 0.39 1.9934 0.0172 0.0139 0.0139 -18.69 -30.33 -0.2012 -22.9448 0.3486 -0.3877
0.0084 0.0132
0.0003 0.0215 0.0128 -0.0118 -0.0047 0.39 1.9934 0.0172 0.0003 0.0003 -18.68 -30.83 -0.2016 -22.9794 0.3750 -0.3880
-0.0166 0.0066
-0.0045 0.0219 0.0128 -0.0116 -0.0051 0.39 1.9934 0.0172 -0.0045 -0.0045 -18.35 -30.76 -0.2015 -23.0030 0.3847 -0.3883
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0.0052 0.0223 0.0130 -0.0118 -0.0048 0.39 0.39 1.9934 0.0172 0.0052 -18.02 -30.39 -0.2015 -22.9858 0.3653 -0.3882
0.0125 0.0066
0.0007 0.0222 0.0130 -0.0127 -0.0053 0.39 0.39 1.9934 0.0172 0.0007 -18.14 -30.30 -0.2020 -23.0114 0.3734 -0.3886
0.0042 0.0066
0.0009 0.0224 0.0131 -0.0134 -0.0057 0.39 0.39 1.9934 0.0172 0.0009 -18.03 -30.25 -0.2023 -23.0390 0.3723 -0.3891
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0.0160 -0.0066
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0.0000 -0.0066
0.0031 0.0206 0.0137 -0.0132 -0.0062 0.39 0.39 1.9934 0.0172 0.0031 -19.60 -28.90 -0.2023 -23.0673 0.3681 -0.3896
0.0163 0.0000
0.0026 0.0200 0.0140 -0.0146 -0.0065 0.39 0.39 1.9934 0.0172 0.0026 -20.26 -28.37 -0.2030 -23.0845 0.3677 -0.3899
0.0123 0.0133
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0.0073 0.0060
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0.0038 0.0022 0.0141 -0.0341 0.0005 0.39 0.39 1.9934 0.0172 0.0038 -196.54 -27.54 -0.2127 -22.6766 0.3457 -0.3829
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-0.0369 0.0000
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RATA- - 0.27014 - 0.3059 - 0.20047 - 22.8834 0.38079 - 0.38634
RATA