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- BETA AND ALPHA
-
- GIVEN DATA WITH REGARDS TO PRICES AND DIVIDENDS OVER A
- PERIOD OF TIME FOR A GIVEN STOCK AND AN INVESTOR SELECTED
- MARKET INDEX THIS PROGRAM WILL COMPUTE THE ALPHA AND BETA
- VALUES FOR A STOCK ALONG WITH ITS EXPECTED RETURN, VARIANCE
- OF RETURN, AND STANDARD DEVIATION OF RETURN.
-
- PRESS ENTER TO BEGIN?
- HOW MANY PERIODS OF DATA ARE AVAILABLE ? 3
-
- INPUT MARKET INDEX PRICE,DIVIDEND FOR PERIOD 1 ? 123,55
- INPUT MARKET INDEX PRICE,DIVIDEND FOR PERIOD 2 ? 149,66
- INPUT MARKET INDEX PRICE,DIVIDEND FOR PERIOD 3 ? 197,77
-
- INPUT STOCK PRICE,DIVIDEND FOR PERIOD 1 ? 23.45,5.60
- INPUT STOCK PRICE,DIVIDEND FOR PERIOD 2 ? 33.98,6.30
- INPUT STOCK PRICE,DIVIDEND FOR PERIOD 3 ? 44.36,7.23
- THE NUMBER OF OBSERVATIONS = 3
- THE ESTIMATED EQUATION IS Y = -2.193 X +2.358
-
- THE CORRELATION COEFFICIENT = -1.0000
- THE COEFF. OF DETERMINATION = 1.0000
- *** WARNING: Divide by 0 ***
- THE STANDARD ERROR OF ESTIMATE =
- 13407807929942595611008317640802934282464207265959107021466054756094376573581619
- 054852612241927956455650759996398703782412109633178814162067569513603268608.000
- ALPHA = 2.35782
- BETA = -2.19277
- EXPECTED RETURN = .617972
- *** WARNING: Divide by 0 ***
- VARIANCE OF RETURN= 1.79769E+308
- STAN DEV OF RETURN= 1.34078E+154
- FOR INDEX EXPECTED RETURN = .793447 VAR OF RETURN = 4.13674E-3
- SD OF RETURN = 6.43175E-2
-
- PRESS ENTER TO SUBMIT DATA FOR SAME TIME PERIOD BUT
- DIFFERENT STOCK,I.E. MARKET DATA STAYS THE SAME? 0
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