Muhhammad Moeen Yaqoob

FA12-BBA-067 BBA 8th

Pak Elektron ltd

Rf
Date
1-Sep-14
2-Sep-14
3-Sep-14
4-Sep-14
5-Sep-14
8-Sep-14
9-Sep-14
10-Sep-14
11-Sep-14
12-Sep-14
15-Sep-14
16-Sep-14
17-Sep-14
18-Sep-14
19-Sep-14
22-Sep-14
23-Sep-14
24-Sep-14
25-Sep-14
26-Sep-14
29-Sep-14
30-Sep-14
1-Oct-14
2-Oct-14
3-Oct-14
9-Oct-14
10-Oct-14
13-Oct-14
14-Oct-14
15-Oct-14
16-Oct-14
17-Oct-14
20-Oct-14
21-Oct-14
22-Oct-14

PRICE

29.33
30.57
32.09
33.67
33.44
33.03
33.06
32.56
31.21
30.55
30.46
29.7
29.19
29.34
29.66
29.32
28.93
28.78
28.39
27.19
26.41
27.19
27.46
27.19
27.31
25.75
26.61
26.25
25.87
26.58
26.7
26.35
26.1
26
27.14

INDEX
28493.74
29260.289
29595.551
29604.301
29513.779
29585.6
29728.91
29691.311
29858.369
30044.891
30070.131
30180.301
30136.57
30094.16
30015.801
29993.869
30143.77
30095.801
29940.27
29705.65
29383.131
29726.391
29996.609
30071.58
30103.23
29978.939
30158.631
30394.41
30355.221
30120.99
29982.449
29883.1
29711.119
29694.27
29940.391

Ri

Rm

RISK FREE RA STOCK RETURN MARKET RETURN R

0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.118283
0.118283
0.118283
0.118283
0.118283
0.118283
0.118283
0.118283
0.118283
0.118283
0.117794
0.117794
0.117794
0.117794
0.117794
0.117794
0.117794
0.117794

0.0422775315
0.0497219496
0.0492365223
-0.006831007
-0.012260766
0.0009082652
-0.015124017
-0.041461916
-0.021147068
-0.00294599
-0.024950755
-0.017171717
0.0051387461
0.0109066121
-0.01146325
-0.013301501
-0.005184929
-0.013551077
-0.042268404
-0.028687017
0.0295342673
0.0099301214
-0.009832484
0.0044133873
-0.057121933
0.0333980583
-0.013528749
-0.01447619
0.0274449169
0.0045146727
-0.013108614
-0.009487666
-0.003831418
0.0438461538

0.026902359
0.0114579086
0.0002956525
-0.003057714
0.0024334502
0.0048439291
-0.001264749
0.0056265147
0.0062468745
0.0008400841
0.003663766
-0.0014489739
-0.0014072655
-0.0026038067
-0.0007306698
0.004997701
-0.0015913322
-0.0051678721
-0.0078362401
-0.0108571779
0.0116822053
0.0090901971
0.0024993059
0.0010525018
-0.0041288265
0.0059939214
0.0078179709
-0.0012893638
-0.0077163158
-0.0045994841
-0.0033135922
-0.0057551081
-0.0005671146
0.0082885047

23-Oct-14
24-Oct-14
27-Oct-14
28-Oct-14
29-Oct-14
30-Oct-14
31-Oct-14
5-Nov-14
6-Nov-14
7-Nov-14
10-Nov-14
11-Nov-14
12-Nov-14
13-Nov-14
14-Nov-14
17-Nov-14
18-Nov-14
19-Nov-14
20-Nov-14
21-Nov-14
24-Nov-14
25-Nov-14
26-Nov-14
27-Nov-14
28-Nov-14
1-Dec-14
2-Dec-14
3-Dec-14
4-Dec-14
5-Dec-14
8-Dec-14
9-Dec-14
10-Dec-14
11-Dec-14
12-Dec-14
15-Dec-14
16-Dec-14
17-Dec-14
18-Dec-14
19-Dec-14
22-Dec-14
23-Dec-14
24-Dec-14
26-Dec-14
29-Dec-14

27.78
27.06
27.21
27.25
27.1
27.11
28.34
29.69
29.27
30.13
30.07
29.58
29.39
28.67
29.7
30.7
30.42
30.23
29.38
29.93
29.51
29.49
29.77
29.79
30.79
32.32
32.64
34.27
34.35
34.26
34.28
35.99
35.75
37.53
39.22
37.97
36.48
36.76
36.92
36.91
37.27
37.25
36.92
38.76
40.49

30025.131
30098.49
30238.961
30225.619
30113.24
30204.09
30376.529
30593.311
30663.779
30930.039
31281.83
31303.631
31629.199
31441.82
31344.07
31702.789
32006.4
31756.289
31239.039
31494.84
31316.961
31223.74
31454.471
31270.1
31197.98
31299.721
31680.721
31872.73
32090.93
32148.779
32010.33
32084.16
31781.65
31779.75
31589.82
31690.1
30876.279
30667.141
30827.449
31011.15
31491.619
31750.381
32000.01
31953.9
32131.279

0.117794
0.117794
0.115623
0.115623
0.115623
0.115623
0.115623
0.115623
0.115623
0.115623
0.115623
0.115623
0.11714
0.11714
0.11714
0.11714
0.11714
0.11714
0.11714
0.11714
0.11714
0.11714
0.117366
0.117366
0.117366
0.117366
0.117366
0.117366
0.117366
0.117366
0.117366
0.117366
0.11798
0.11798
0.11798
0.11798
0.11798
0.11798
0.11798
0.11798
0.11798
0.11798
0.118645
0.118645
0.118645

0.0235814296
-0.025917927
0.0055432373
0.0014700478
-0.005504587
0.0003690037
0.0453707119
0.0476358504
-0.014146177
0.0293816194
-0.001991371
-0.016295311
-0.006423259
-0.024498129
0.0359260551
0.0336700337
-0.009120521
-0.006245891
-0.028117764
0.0187202178
-0.014032743
-0.000677736
0.009494744
0.0006718173
0.0335683115
0.0496914583
0.0099009901
0.0499387255
0.0023344033
-0.002620087
0.0005837712
0.0498833139
-0.006668519
0.0497902098
0.0450306422
-0.031871494
-0.039241506
0.0076754386
0.0043525571
-0.000270856
0.0097534543
-0.000536625
-0.00885906
0.0498374865
0.0446336429

0.0028302982
0.0024432658
0.0046670349
-0.0004412122
-0.0037180018
0.0030169324
0.0057091425
0.007136472
0.0023034039
0.0086832012
0.0113737657
0.0006969151
0.0104003386
-0.0059242381
-0.0031089167
0.011444549
0.0095768019
-0.0078144161
-0.0162881122
0.0081884971
-0.0056478746
-0.0029766842
0.0073895846
-0.0058615227
-0.0023063291
0.003261116
0.0121726326
0.0060607765
0.0068459531
0.0018026779
-0.0043065156
0.0023064454
-0.0094286328
-5.979523E-005
-0.0059764374
0.0031744181
-0.0256805855
-0.0067734415
0.0052273734
0.005959013
0.0154934191
0.0082168439
0.0078622335
-0.0014409175
0.0055510878

30-Dec-14
31-Dec-14
1-Jan-15
2-Jan-15
5-Jan-15
6-Jan-15
7-Jan-15
8-Jan-15
9-Jan-15
12-Jan-15
13-Jan-15
14-Jan-15
15-Jan-15
16-Jan-15
19-Jan-15
20-Jan-15
21-Jan-15
22-Jan-15
23-Jan-15
26-Jan-15
27-Jan-15
28-Jan-15
29-Jan-15
30-Jan-15
2-Feb-15
6-Feb-15
9-Feb-15
10-Feb-15
11-Feb-15
12-Feb-15
13-Feb-15
16-Feb-15
17-Feb-15
18-Feb-15
19-Feb-15
20-Feb-15
23-Feb-15
24-Feb-15
25-Feb-15
26-Feb-15
27-Feb-15
2-Mar-15
3-Mar-15
4-Mar-15
5-Mar-15

39.63
40.93
42.97
45.11
46.7
46.39
46.1
46.53
48.18
48.3
49.52
49.05
49.18
48.67
49.27
50.1
50.01
48.16
48.74
50.75
50.18
49.06
50.71
52.98
55.62
54.9
56.26
56.37
56.34
58.19
58.13
58.35
58.79
58.71
58.26
56.97
59.7
60.66
60.53
59.62
58.87
59.74
60.5
59.25
57.65

32731.609
32835.941
33117.469
33324.82
33418.199
33371.289
33585.75
33765.609
33786.441
34014.262
34121.301
34329.5
34146.969
34026.59
34466.531
34538.449
34386.859
34408.73
34443.871
34676.309
34826.512
34672.25
34672.25
34656.941
34570.301
34432.891
34203.988
33786.422
33943.199
33796.441
33801.102
33718.859
33942.27
33993
33926.699
33895.461
33845.301
33762.801
33632.191
33213.578
33188.77
33242.941
33368.828
33263.66
33926.699

0.118645
0.118645
0.118645
0.118645
0.118645
0.118645
0.11867
0.11867
0.11867
0.11867
0.11867
0.11867
0.11867
0.11867
0.11867
0.11867
0.118739
0.118739
0.118739
0.118739
0.118739
0.118739
0.118739
0.118739
0.118739
0.11874
0.11874
0.11874
0.11874
0.11874
0.11874
0.11874
0.11874
0.11874
0.11874
0.118723
0.118723
0.118723
0.118723
0.118723
0.118723
0.118723
0.118723
0.118723
0.118723

-0.021239812
0.0328034317
0.0498411923
0.0498021876
0.0352471736
-0.006638116
-0.006251347
0.0093275488
0.0354609929
0.00249066
0.0252587992
-0.009491115
0.0026503568
-0.010370069
0.0123279227
0.0168459509
-0.001796407
-0.036992601
0.0120431894
0.0412392286
-0.011231527
-0.022319649
0.033632287
0.0447643463
0.0498301246
-0.012944984
0.0247723133
0.001955208
-0.000532198
0.0328363507
-0.001031105
0.0037846207
0.0075407027
-0.001360776
-0.007664793
-0.022142122
0.0479199579
0.016080402
-0.002143093
-0.015033868
-0.012579671
0.0147783251
0.0127217944
-0.020661157
-0.027004219

0.0186836656
0.0031875008
0.0085737558
0.0062610933
0.0028020828
-0.0014037308
0.0064265105
0.0053552288
0.00061696
0.0067429508
0.0031468877
0.0061017375
-0.0053170378
-0.0035253175
0.0129293417
0.002086603
-0.0043890171
0.0006360306
0.0010212706
0.0067482978
0.0043315777
-0.0044294335
0
-0.0004415229
-0.0024999501
-0.0039748036
-0.0066477818
-0.0122081204
0.004640247
-0.0043236294
0.000137889
-0.0024331215
0.0066256736
0.0014946104
-0.0019504245
-0.000920758
-0.0014798488
-0.0024375614
-0.0038684402
-0.0124468036
-0.0007469413
0.0016322351
0.0037868706
-0.003151683
0.0199328354

6-Mar-15
9-Mar-15
10-Mar-15
11-Mar-15
12-Mar-15
13-Mar-15
16-Mar-15
17-Mar-15
18-Mar-15
19-Mar-15
20-Mar-15
25-Mar-15
26-Mar-15
27-Mar-15
30-Mar-15
31-Mar-15
1-Apr-15
2-Apr-15
3-Apr-15
6-Apr-15
7-Apr-15
8-Apr-15
9-Apr-15
10-Apr-15
13-Apr-15
14-Apr-15
15-Apr-15
16-Apr-15
17-Apr-15
20-Apr-15
21-Apr-15
22-Apr-15
23-Apr-15
24-Apr-15
27-Apr-15
28-Apr-15
29-Apr-15
30-Apr-15

55.11
55.08
55.9
55.18
52.43
54.7
54.5
54.47
52.55
52.84
50.23
48.27
50.68
50.72
48.39
46.04
44.55
42.33
44.44
46.2
48.37
50.78
53.31
55.97
56.35
55.31
57.94
58.86
59.13
62.08
64.75
64
61.23
60.72
63.74
63.6
63.64
63.59

32566.59
32539.609
32582.68
32929.09
32454.91
32342.26
31524.98
31451.619
31800.26
31800.26
31310.73
31086.51
30678.971
29957.83
28927.039
30233.869
30605.051
31132.25
31413.961
31752.17
31600.73
31887.301
32013.91
32350.93
32248.449
32109.869
32248.859
32736.43
33234.73
33304.641
33035.77
33490.641
33456.738
33775.121
33844.289
33575.941
33460.012
33729.961

0.118742
0.118742
0.118742
0.118742
0.118742
0.118742
0.118742
0.118742
0.118742
0.118742
0.118971
0.118971
0.118971
0.118971
0.118971
0.118971
0.118971
0.118971
0.118971
0.118971
0.119181
0.119181
0.119181
0.119181
0.119181
0.119181
0.119181
0.119181
0.119181
0.119181
0.118732
0.118732
0.118732
0.118732
0.118732
0.118732
0.118732
0.118732

-0.044058977
-0.000544366
0.0148874365
-0.012880143
-0.049836897
0.043295823
-0.003656307
-0.000550459
-0.035248761
0.0055185538
-0.049394398
-0.039020506
0.0499274912
0.000789266
-0.045938486
-0.048563753
-0.032363162
-0.04983165
0.0498464446
0.0396039604
0.046969697
0.0498242712
0.0498227649
0.0498968299
0.0067893514
-0.018456078
0.0475501718
0.015878495
0.004587156
0.0498900727
0.0430090206
-0.011583012
-0.04328125
-0.00832925
0.0497364954
-0.002196423
0.0006289308
-0.000785669

-0.0400896464
-0.0008284708
0.0013236272
0.010631727
-0.0144000241
-0.0034709814
-0.0252697029
-0.0023270856
0.0110849818
0
-0.0153938773
-0.0071611457
-0.0131098366
-0.0235060241
-0.0344080667
0.0451767661
0.0122770142
0.0172258894
0.0090488461
0.0107661999
-0.0047694206
0.0090684711
0.0039705266
0.0105272842
-0.0031677751
-0.0042972633
0.004328583
0.015118994
0.0152215983
0.0021035271
-0.008073082
0.0137690479
-0.0010122931
0.0095162538
0.002047897
-0.0079288903
-0.0034527606
0.008067816

A-067 BBA 8th

Y = Ri - Rf

X= Rm - Rf

EXCESS STOCK RETURN EXCESS MARKET RETURN

0.0418117315
0.0492561496
0.0487707223
-0.0072968068
-0.0127265656
0.0004424652
-0.0155898169
-0.0419277165
-0.0216128682
-0.0034117902
-0.0254165551
-0.0176375172
0.0046729461
0.0104408121
-0.0119290502
-0.0137673007
-0.0056580611
-0.0140242091
-0.0427415364
-0.0291601493
0.0290611353
0.0094569894
-0.0103056156
0.0039402553
-0.0575950654
0.0329249263
-0.0139999246
-0.0149473665
0.0269737409
0.0040434967
-0.0135797902
-0.009958842
-0.0043025936
0.0433749778

0.026436559
0.0109921086
-0.0001701475
-0.003523514
0.0019676502
0.0043781291
-0.001730549
0.0051607147
0.0057810745
0.0003742841
0.003197966
-0.0019147739
-0.0018730655
-0.0030696067
-0.0011964698
0.004531901
-0.0020644642
-0.0056410041
-0.0083093721
-0.0113303099
0.0112090733
0.0086170651
0.0020261739
0.0005793698
-0.0046019585
0.0055207894
0.0073467949
-0.0017605398
-0.0081874918
-0.0050706601
-0.0037847682
-0.0062262841
-0.0010382906
0.0078173287

Rf/250

0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000466
0.000473
0.000473
0.000473
0.000473
0.000473
0.000473
0.000473
0.000473
0.000473
0.000473
0.000471
0.000471
0.000471
0.000471
0.000471
0.000471
0.000471
0.000471

0.0231102536
-0.0263891026
0.0050807453
0.0010075558
-0.0059670792
-9.3488309963E-005
0.0449082199
0.0471733584
-0.0146086692
0.0289191274
-0.0024538627
-0.0167578029
-0.006891819
-0.0249666886
0.0354574951
0.0332014737
-0.0095890812
-0.0067144509
-0.0285863238
0.0182516578
-0.0145013031
-0.0011462964
0.00902528
0.0002023533
0.0330988475
0.0492219943
0.0094315261
0.0494692615
0.0018649393
-0.0030895513
0.0001143072
0.0494138499
-0.007140439
0.0493182898
0.0445587222
-0.0323434141
-0.0397134265
0.0072035186
0.0038806371
-0.0007427759
0.0092815343
-0.0010085446
-0.0093336404
0.0493629065
0.0441590629

0.0023591222
0.0019720898
0.0042045429
-0.0009037042
-0.0041804938
0.0025544404
0.0052466505
0.00667398
0.0018409119
0.0082207092
0.0109112737
0.0002344231
0.0099317786
-0.0063927981
-0.0035774767
0.010975989
0.0091082419
-0.0082829761
-0.0167566722
0.0077199371
-0.0061164346
-0.0034452442
0.0069201206
-0.0063309867
-0.0027757931
0.002791652
0.0117031686
0.0055913125
0.0063764891
0.0013332139
-0.0047759796
0.0018369814
-0.0099005528
-0.0005317152
-0.0064483574
0.0027024981
-0.0261525055
-0.0072453615
0.0047554534
0.005487093
0.0150214991
0.0077449239
0.0073876535
-0.0019154975
0.0050765078

0.000471
0.000471
0.000462
0.000462
0.000462
0.000462
0.000462
0.000462
0.000462
0.000462
0.000462
0.000462
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000469
0.000472
0.000472
0.000472
0.000472
0.000472
0.000472
0.000472
0.000472
0.000472
0.000472
0.000475
0.000475
0.000475

-0.0217143923
0.0323288517
0.0493666123
0.0493276076
0.0347725936
-0.0071126956
-0.0067260273
0.0088528688
0.0349863129
0.00201598
0.0247841192
-0.0099657947
0.0021756768
-0.0108447491
0.0118532427
0.0163712709
-0.0022713632
-0.0374675575
0.0115682334
0.0407642726
-0.0117064831
-0.0227946053
0.033157331
0.0442893903
0.0493551686
-0.0134199438
0.0242973533
0.001480248
-0.001007158
0.0323613907
-0.001506065
0.0033096607
0.0070657427
-0.0018357356
-0.0081397531
-0.0226170135
0.0474450659
0.01560551
-0.0026179846
-0.0155087595
-0.0130545633
0.0143034331
0.0122469024
-0.021136049
-0.0274791114

0.0182090856
0.0027129208
0.0080991758
0.0057865133
0.0023275028
-0.0018783108
0.0059518305
0.0048805488
0.00014228
0.0062682708
0.0026722077
0.0056270575
-0.0057917178
-0.0039999975
0.0124546617
0.001611923
-0.0048639731
0.0001610746
0.0005463146
0.0062733418
0.0038566217
-0.0049043895
-0.000474956
-0.0009164789
-0.0029749061
-0.0044497636
-0.0071227418
-0.0126830804
0.004165287
-0.0047985894
-0.000337071
-0.0029080815
0.0061507136
0.0010196504
-0.0024253845
-0.00139565
-0.0019547408
-0.0029124534
-0.0043433322
-0.0129216956
-0.0012218333
0.0011573431
0.0033119786
-0.003626575
0.0194579434

0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475

Slope
0.999347

-0.0445339446
-0.0010193338
0.0144124685
-0.0133551111
-0.0503118654
0.042820855
-0.0041312751
-0.0010254267
-0.0357237288
0.0050435858
-0.0498702822
-0.0394963897
0.0494516072
0.000313382
-0.0464143698
-0.0490396368
-0.0328390465
-0.0503075338
0.0493705606
0.0391280764
0.046492973
0.0493475472
0.0493460409
0.0494201059
0.0063126274
-0.0189328021
0.0470734478
0.015401771
0.004110432
0.0494133487
0.0425340926
-0.0120579396
-0.043756178
-0.0088041784
0.0492615674
-0.002671351
0.0001540028
-0.0012605974

-0.0405646144
-0.0013034388
0.0008486592
0.010156759
-0.0148749921
-0.0039459494
-0.0257446709
-0.0028020536
0.0106100138
-0.000474968
-0.0158697613
-0.0076370297
-0.0135857206
-0.0239819081
-0.0348839507
0.0447008821
0.0118011302
0.0167500054
0.0085729621
0.0102903159
-0.0052461446
0.0085917471
0.0034938026
0.0100505602
-0.0036444991
-0.0047739873
0.003851859
0.01464227
0.0147448743
0.0016268031
-0.00854801
0.0132941199
-0.0014872211
0.0090413258
0.001572969
-0.0084038183
-0.0039276886
0.007592888

0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000476
0.000476
0.000476
0.000476
0.000476
0.000476
0.000476
0.000476
0.000476
0.000476
0.000477
0.000477
0.000477
0.000477
0.000477
0.000477
0.000477
0.000477
0.000477
0.000477
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475
0.000475

ER
-0.00082762
0.001323073
0.010625097
-0.01439031
-0.00346841
-0.0252529
-0.00232526
0.011078056
3.1005E-007
-0.01538352
-0.00715616
-0.01310097
-0.02349037
-0.0343853
0.045147586
0.012269311
0.017214955
0.00904325
0.010759483
-0.004766
0.009062863
0.003968246
0.010520723
-0.0031654
-0.00429415
0.004326069
0.015109436
0.015211973
0.002102465
-0.0080675
0.01376037
Avg AR
Avg CAR

AR
-0.000192
0.013089
-0.02398
-0.035922
0.046289
0.021122
0.0013
-0.046802
0.005043
-0.034487
-0.03234
0.062553
0.023804
-0.012029
-0.094187
-0.045108
-0.067522
0.040327
0.028369
0.051259
0.040285
0.045378
0.038899
0.009478
-0.014639
0.042747
0.000292
-0.011102
0.047311
0.050602
-0.025818
0.004001
-0.018625

Ho = Avg AR = 0
There is no abnormal return
H1 =Avg AR 0
There is abnormal return exists
On the basis of above results we realize that abnormal return exists
and accepts H1
Ho = Avg CAR = 0
There is no abnormal return
H1 =Avg CAR 0
There is abnormal return exists

On the basis of above calculations we realize that abnormal return because it n

equal to zero eventough it is negative and accepts the H1

STEYX
0.024142

Rsqr
0.038079

t(AR)
Sig
-0.007941 0.542192 -0.993314 -1.487951 1.917405 0.874905 0.053842 -1.938635 0.208904 -1.428519 -1.339605 2.591068 sig
0.986005 -0.498271 -3.901446 sig
-1.868489 -2.796933 sig
1.670448 1.175091 2.123261 sig
1.668682 1.87965 1.6113 0.392601 -0.606366 1.770692 0.012109 -0.459851 1.959723 2.096032 sig
-1.069452 -

mal return
return exists
mal return exists

mal return
return exists

CAR
-0.000192
0.012898
-0.011083
-0.047004
-0.000715
0.020407
0.021707
-0.025095
-0.020052
-0.054539
-0.086879
-0.024326
-0.000523
-0.012552
-0.106739
-0.151847
-0.21937
-0.179042
-0.150674
-0.099415
-0.05913
-0.013752
0.025147
0.034625
0.019986
0.062734
0.063026
0.051925
0.099235
0.149837
0.124019

t(CAR)
Sig
-0.007941 0.534251 -0.459063 -1.947014 -0.029609 0.845296 0.899137 -1.039497 -0.830594 -2.259113 sig
-3.598718 sig
-1.00765 -0.021645 -0.519916 -4.421362 sig
-6.289851 sig
-9.086784 sig
-7.416337 sig
-6.241246 sig
-4.117984 sig
-2.449302 sig
-0.569652 1.041647 1.434248 0.827882 2.598575 sig
2.610684 sig
2.150833 sig
4.110556 sig
6.206587 sig
5.137135 sig

bnormal return because it not

Rf
Date

9/1/2014
9/2/2014
9/3/2014
9/4/2014
9/5/2014
9/8/2014
9/9/2014
9/10/2014
9/11/2014
9/12/2014
9/15/2014
9/16/2014
9/17/2014
9/18/2014
9/19/2014
9/22/2014
9/23/2014
9/24/2014
9/25/2014
9/26/2014
9/29/2014
9/30/2014
10/1/2014
10/2/2014
10/3/2014
10/9/2014
10/10/2014
10/13/2014
10/14/2014
10/15/2014
10/16/2014
10/17/2014
10/20/2014
10/21/2014
10/22/2014
10/23/2014

PRICE

29.33
30.57
32.09
33.67
33.44
33.03
33.06
32.56
31.21
30.55
30.46
29.7
29.19
29.34
29.66
29.32
28.93
28.78
28.39
27.19
26.41
27.19
27.46
27.19
27.31
25.75
26.61
26.25
25.87
26.58
26.7
26.35
26.1
26
27.14
27.78

INDEX

28493.74
29260.29
29595.55
29604.3
29513.78
29585.6
29728.91
29691.31
29858.37
30044.89
30070.13
30180.3
30136.57
30094.16
30015.8
29993.87
30143.77
30095.8
29940.27
29705.65
29383.13
29726.39
29996.61
30071.58
30103.23
29978.94
30158.63
30394.41
30355.22
30120.99
29982.45
29883.1
29711.12
29694.27
29940.39
30025.13

Ri

Rm

RISK FREE RRETURN ON MARKET RETURN RATE

0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.11645
0.118283
0.118283
0.118283
0.118283
0.118283
0.118283
0.118283
0.118283
0.118283
0.118283
0.117794
0.117794
0.117794
0.117794
0.117794
0.117794
0.117794
0.117794
0.117794

0.042278
0.049722
0.049237
-0.006831
-0.012261
0.000908
-0.015124
-0.041462
-0.021147
-0.002946
-0.024951
-0.017172
0.005139
0.010907
-0.011463
-0.013302
-0.005185
-0.013551
-0.042268
-0.028687
0.029534
0.00993
-0.009832
0.004413
-0.057122
0.033398
-0.013529
-0.014476
0.027445
0.004515
-0.013109
-0.009488
-0.003831
0.043846
0.023581

0.026902359
0.0114579086
0.0002956525
-0.003057714
0.0024334502
0.0048439291
-0.001264749
0.0056265147
0.0062468745
0.0008400841
0.003663766
-0.0014489739
-0.0014072655
-0.0026038067
-0.0007306698
0.004997701
-0.0015913322
-0.0051678721
-0.0078362401
-0.0108571779
0.0116822053
0.0090901971
0.0024993059
0.0010525018
-0.0041288265
0.0059939214
0.0078179709
-0.0012893638
-0.0077163158
-0.0045994841
-0.0033135922
-0.0057551081
-0.0005671146
0.0082885047
0.0028302982

10/24/2014
10/27/2014
10/28/2014
10/29/2014
10/30/2014
10/31/2014
11/5/2014
11/6/2014
11/7/2014
11/10/2014
11/11/2014
11/12/2014
11/13/2014
11/14/2014
11/17/2014
11/18/2014
11/19/2014
11/20/2014
11/21/2014
11/24/2014
11/25/2014
11/26/2014
11/27/2014
11/28/2014
12/1/2014
12/2/2014
12/3/2014
12/4/2014
12/5/2014
12/8/2014
12/9/2014
12/10/2014
12/11/2014
12/12/2014
12/15/2014
12/16/2014
12/17/2014
12/18/2014
12/19/2014
12/22/2014
12/23/2014
12/24/2014
12/30/2014
12/31/2014
1/2/2015

27.06
27.21
27.25
27.1
27.11
28.34
29.69
29.27
30.13
30.07
29.58
29.39
28.67
29.7
30.7
30.42
30.23
29.38
29.93
29.51
29.49
29.77
29.79
30.79
32.32
32.64
34.27
34.35
34.26
34.28
35.99
35.75
37.53
39.22
37.97
36.48
36.76
36.92
36.91
37.27
37.25
36.92
38.76
40.49
39.63

30098.49
30238.96
30225.62
30113.24
30204.09
30376.53
30593.31
30663.78
30930.04
31281.83
31303.63
31629.2
31441.82
31344.07
31702.79
32006.4
31756.29
31239.04
31494.84
31316.96
31223.74
31454.47
31270.1
31197.98
31299.72
31680.72
31872.73
32090.93
32148.78
32010.33
32084.16
31781.65
31779.75
31589.82
31690.1
30876.28
30667.14
30827.45
31011.15
31491.62
31750.38
32000.01
31953.9
32131.28
32731.61

0.117794
0.115623
0.115623
0.115623
0.115623
0.115623
0.115623
0.115623
0.115623
0.115623
0.115623
0.11714
0.11714
0.11714
0.11714
0.11714
0.11714
0.11714
0.11714
0.11714
0.11714
0.117366
0.117366
0.117366
0.117366
0.117366
0.117366
0.117366
0.117366
0.117366
0.117366
0.11798
0.11798
0.11798
0.11798
0.11798
0.11798
0.11798
0.11798
0.11798
0.11798
0.118645
0.118645
0.118645
0.118645

-0.025918
0.0024432658
0.005543
0.0046670349
0.00147
-0.0004412122
-0.005505
-0.0037180018
0.000369
0.0030169324
0.045371
0.0057091425
0.047636
0.007136472
-0.014146
0.0023034039
0.029382
0.0086832012
-0.001991
0.0113737657
-0.016295
0.0006969151
-0.006423
0.0104003386
-0.024498
-0.0059242381
0.035926
-0.0031089167
0.03367
0.011444549
-0.009121
0.0095768019
-0.006246
-0.0078144161
-0.028118
-0.0162881122
0.01872
0.0081884971
-0.014033
-0.0056478746
-0.000678
-0.0029766842
0.009495
0.0073895846
0.000672
-0.0058615227
0.033568
-0.0023063291
0.049691
0.003261116
0.009901
0.0121726326
0.049939
0.0060607765
0.002334
0.0068459531
-0.00262
0.0018026779
0.000584
-0.0043065156
0.049883
0.0023064454
-0.006669
-0.0094286328
0.04979 -5.9795227014E-005
0.045031
-0.0059764374
-0.031871
0.0031744181
-0.039242
-0.0256805855
0.007675
-0.0067734415
0.004353
0.0052273734
-0.000271
0.005959013
0.009753
0.0154934191
-0.000537
0.0082168439
-0.008859
0.0078622335
0.049837
-0.0014409175
0.044634
0.0055510878
-0.02124
0.0186836656

1/7/2015
1/8/2015
1/9/2015
1/12/2015
1/13/2015
1/14/2015
1/15/2015
1/16/2015
1/19/2015
1/20/2015
1/21/2015
1/22/2015
1/23/2015
1/26/2015
1/27/2015
1/28/2015
1/29/2015
1/30/2015
2/2/2015
2/3/2015
2/4/2015
2/5/2015
2/6/2015
2/9/2015
2/10/2015
2/11/2015
2/12/2015
2/13/2015
2/16/2015
2/17/2015
2/18/2015
2/19/2015
2/20/2015
2/23/2015
2/24/2015
2/25/2015
2/26/2015
2/27/2015
3/2/2015
3/3/2015
3/4/2015
3/5/2015
3/6/2015
3/9/2015
3/10/2015

40.93
42.97
45.11
46.7
46.39
46.1
46.53
48.18
48.3
49.52
49.05
49.18
48.67
49.27
50.1
50.01
48.16
48.74
50.75
50.18
49.06
50.71
52.98
55.62
54.9
56.26
56.37
56.34
58.19
58.13
58.35
58.79
58.71
58.26
56.97
59.7
60.66
60.53
59.62
58.87
59.74
60.5
59.25
57.65
55.11

32835.94
33117.47
33324.82
33418.2
33371.29
33585.75
33765.61
33786.44
34014.26
34121.3
34329.5
34146.97
34026.59
34466.53
34538.45
34386.86
34408.73
34443.87
34676.31
34826.51
34672.25
34672.25
34656.94
34570.3
34432.89
34203.99
33786.42
33943.2
33796.44
33801.1
33718.86
33942.27
33993
33926.7
33895.46
33845.3
33762.8
33632.19
33213.58
33188.77
33242.94
33368.83
33263.66
33926.7
32566.59

0.118645
0.118645
0.118645
0.118645
0.118645
0.11867
0.11867
0.11867
0.11867
0.11867
0.11867
0.11867
0.11867
0.11867
0.11867
0.118739
0.118739
0.118739
0.118739
0.118739
0.118739
0.118739
0.118739
0.118739
0.11874
0.11874
0.11874
0.11874
0.11874
0.11874
0.11874
0.11874
0.11874
0.11874
0.118723
0.118723
0.118723
0.118723
0.118723
0.118723
0.118723
0.118723
0.118723
0.118723
0.118742

0.032803
0.049841
0.049802
0.035247
-0.006638
-0.006251
0.009328
0.035461
0.002491
0.025259
-0.009491
0.00265
-0.01037
0.012328
0.016846
-0.001796
-0.036993
0.012043
0.041239
-0.011232
-0.02232
0.033632
0.044764
0.04983
-0.012945
0.024772
0.001955
-0.000532
0.032836
-0.001031
0.003785
0.007541
-0.001361
-0.007665
-0.022142
0.04792
0.01608
-0.002143
-0.015034
-0.01258
0.014778
0.012722
-0.020661
-0.027004
-0.044059

0.0031875008
0.0085737558
0.0062610933
0.0028020828
-0.0014037308
0.0064265105
0.0053552288
0.00061696
0.0067429508
0.0031468877
0.0061017375
-0.0053170378
-0.0035253175
0.0129293417
0.002086603
-0.0043890171
0.0006360306
0.0010212706
0.0067482978
0.0043315777
-0.0044294335
0
-0.0004415229
-0.0024999501
-0.0039748036
-0.0066477818
-0.0122081204
0.004640247
-0.0043236294
0.000137889
-0.0024331215
0.0066256736
0.0014946104
-0.0019504245
-0.000920758
-0.0014798488
-0.0024375614
-0.0038684402
-0.0124468036
-0.0007469413
0.0016322351
0.0037868706
-0.003151683
0.0199328354
-0.0400896464

3/11/2015
3/12/2015
3/13/2015
3/16/2015
3/17/2015
3/18/2015
3/19/2015
3/20/2015
3/23/2015
3/24/2015
3/25/2015
3/26/2015
3/27/2015
3/30/2015
3/31/2015
4/1/2015
4/2/2015
4/3/2015
4/6/2015
4/7/2015
4/8/2015
4/9/2015
4/10/2015
4/13/2015
4/14/2015
4/15/2015
4/16/2015
4/17/2015
4/20/2015
4/21/2015
4/22/2015
4/23/2015
4/24/2015
4/27/2015
4/28/2015
4/29/2015
4/30/2015

55.08
55.9
55.18
52.43
54.7
54.5
54.47
52.55
52.84
50.23
48.27
50.68
50.72
48.39
46.04
44.55
42.33
44.44
46.2
48.37
50.78
53.31
55.97
56.35
55.31
57.94
58.86
59.13
62.08
64.75
64
61.23
60.72
63.74
63.6
63.64
63.59

32539.61
32582.68
32929.09
32454.91
32342.26
31524.98
31451.62
31800.26
31800.26
31310.73
31086.51
30678.97
29957.83
28927.04
30233.87
30605.05
31132.25
31413.96
31752.17
31600.73
31887.3
32013.91
32350.93
32248.45
32109.87
32248.86
32736.43
33234.73
33304.64
33035.77
33490.64
33456.74
33775.12
33844.29
33575.94
33460.01
33729.96

0.118742
0.118742
0.118742
0.118742
0.118742
0.118742
0.118742
0.118742
0.118742
0.118971
0.118971
0.118971
0.118971
0.118971
0.118971
0.118971
0.118971
0.118971
0.118971
0.119181
0.119181
0.119181
0.119181
0.119181
0.119181
0.119181
0.119181
0.119181
0.119181
0.118732
0.118732
0.118732
0.118732
0.118732
0.118732
0.118732
0.118732

-0.000544
0.014887
-0.01288
-0.049837
0.043296
-0.003656
-0.00055
-0.035249
0.005519
-0.049394
-0.039021
0.049927
0.000789
-0.045938
-0.048564
-0.032363
-0.049832
0.049846
0.039604
0.04697
0.049824
0.049823
0.049897
0.006789
-0.018456
0.04755
0.015878
0.004587
0.04989
0.043009
-0.011583
-0.043281
-0.008329
0.049736
-0.002196
0.000629
-0.000786

-0.0008284708
0.0013236272
0.010631727
-0.0144000241
-0.0034709814
-0.0252697029
-0.0023270856
0.0110849818
0
-0.0153938773
-0.0071611457
-0.0131098366
-0.0235060241
-0.0344080667
0.0451767661
0.0122770142
0.0172258894
0.0090488461
0.0107661999
-0.0047694206
0.0090684711
0.0039705266
0.0105272842
-0.0031677751
-0.0042972633
0.004328583
0.015118994
0.0152215983
0.0021035271
-0.008073082
0.0137690479
-0.0010122931
0.0095162538
0.002047897
-0.0079288903
-0.0034527606
0.008067816

Intercept Slope
0.000566