MUZNA ALI (8650)

CHERAT CEMENT
DATES STOCK PRICE STOCK RETURN(Kf %) Kf-μ1
4/1/2011 56.11

6/1/2011 53.31 -4.99019782569951 -4.36162407109

10/1/2011 51 -4.33314575126618 -3.704571996657
12/1/2011 48.75 -4.41176470588235 -3.783190951273
13/01/2011 46.75 -4.1025641025641 -3.473990347955
19/01/2011 46.25 -1.06951871657754 -0.440944961968
21/01/2011 46.25 0 0.6285737546091
25/01/2011 43.94 -4.9945945945946 -4.366020839985
31/01/2011 41.87 -4.71096950386891 -4.08239574926
1/2/2011 43 2.69882971101028 3.3274034656194
2/2/2011 44.25 2.90697674418605 3.5355504987952
8/2/2011 44.9 1.46892655367231 2.0975003082815
10/2/2011 45.95 2.33853006681515 2.9671038214243
15/02/2011 47.75 3.91730141458106 4.5458751691902
18/02/2011 48 0.523560209424084 1.1521339640332
25/02/2011 48 0 0.6285737546091
3/3/2011 45.65 -4.89583333333334 -4.267259578724
7/3/2011 49.85 9.20043811610077 9.8290118707099
10/3/2011 47.65 -4.41323971915748 -3.784665964548
16/03/2011 48.3 1.36411332633788 1.992687080947
22/03/2011 48.75 0.931677018633546 1.5602507732427
-100 -99.37142624539
TOTAL AVERAGE RETURN -0.628573754609144
SUMMATION(∑)

Interpretation of β:

The Beta shows the relation of its returns with that of the financial market as a whol
means that the asset's returns generally follow the market's returns, in the sense that
be above their respective averages together, or both tend to be below their respe
together. A beta of greater than 1 indicates that the security's price will be more v
market. Cherat Cement's Beta is positive and more than 1 so it is more volitile tha
MUZNA ALI (8650)
CHERAT CEMENT
KSE 100 INDEX MARKET RETURN(Km %) Km-μ2 (Kf-μ1 )(Km-μ2)
12110
12140 0.247729149463253 0.28568202996274 -1.24603761856345
12323 1.50741350906096 1.54536638956044 -5.72492105134061
12363 0.324596283372555 0.36254916387204 -1.37159271615238
12306 -0.461053142441155 -0.4231002619417 1.46984622620257
12267 -0.316918576304242 -0.2789656958048 0.123008518127114
12281 0.114127333496372 0.15208021399586 0.09559363111314
12459 1.44939337187525 1.48734625237474 -6.49378473414239
12533 0.593948149931776 0.63190103043127 -2.57967008058546
12681 1.18088247027846 1.21883535077795 4.05555697019802
12658 -0.181373708698052 -0.1434208281986 -0.507071580675053
12577 -0.639911518407331 -0.6019586379078 -1.26260842858439
12411 -1.31986960324402 -1.2819167227445 -3.803580006803
12431 0.161147369269197 0.19910024976869 0.905084881603032
12375 -0.450486686509533 -0.41253380601 -0.475294209216067
12455 0.646464646464646 0.68441752696414 0.430206894644151
12483 0.224809313528703 0.26276219402819 -1.12127448939338
12477 -0.048065368901706 -0.0101124884022 -0.09939576854782
12481 0.032058988538912 0.0700118690384 -0.264971537864046
12359 -0.977485778383142 -0.9395328978837 -1.87219506773748
12273 -0.695849178736144 -0.6578962982367 -1.02648320803725
12242 -0.252586979548603 -0.2146340990491 21.328496543405
12359 0.955726188531286 0.99367906903077 0
12414 0.445019823610324 0.48297270410981 0
12427 0.104720476880941 0.14267335738043 0
12360 -0.539148627987447 -0.501195747488 0
12299 -0.493527508090615 -0.4555746275911 0
11943 -2.89454427189202 -2.8565913913925 0
11946 0.025119316754584 0.06307219725407 0
12077 1.09660137284447 1.13455425334395 0
12041 -0.298087273329469 -0.26013439283 0
11649 -3.25554355950502 -3.2175906790055 0
11485 -1.40784616705297 -1.3698932865535 0
11539 0.470178493687418 0.50813137418691 0
11223 -2.73853886818615 -2.7005859876867 0
11289 0.588078053996258 0.62603093449575 0
11678 3.44583222606077 3.48378510656026 0
11762 0.719301250214078 0.75725413071357 0
12000 2.02346539704132 2.06141827754081 0
11974 -0.216666666666667 -0.1787137861672 0
11940 -0.28394855520294 -0.2459956747035 0
12128 1.57453936348409 1.61249224398358 0
 12125 -0.024736147757256 0.01321673274223 0
12045 -0.65979381443299 -0.6218409339335 0
12045 0 0.03795288049949 0
11829 -1.79327521793275 -1.7553223374333 0
11794 -0.295882999408234 -0.2579301189087 0
11858 0.542648804476853 0.58060168497634 0
11593 -2.23477820880418 -2.1968253283047 0
11375 -1.88044509617873 -1.8424922156792 0
11481 0.931868131868132 0.96982101236762 0
11564 0.722933542374358 0.76088642287385 0
11552 -0.103770321687997 -0.0658174411885 0
11583 0.268351800554017 0.30630468105351 0
11711 1.10506777173444 1.14302065223393 0
11808 0.828281103236273 0.86623398373576 0
11809 0.008468834688347 0.04642171518784 0
-0.037952880499488
0.558913167650241

β=∑(Kf-μ1 )(Km-μ2)/∑(Km-μ2)2

nancial market as a whole. A positive beta

returns, in the sense that they both tend to
d to be below their respective averages
rity's price will be more volatile than the
1 so it is more volitile than the market.
 (Km-μ2)2

0.081614222243633
2.38815727798308
0.131441896224318
0.179013831655107
0.077821859435831
0.023128391489027
2.21219887445319
0.399298912260094
1.48555961230602
0.020569533961162
0.362354201751866
1.64331048405207
0.039640909457953
0.170184141101133
0.468427351215702
0.069043970610509
0.000102262421685
0.00490166180625
0.882722066205657
0.432827539233495
0.046067796474625
0.987398092229865
0.233262632915144
0.020355686906204
0.251197177300014
0.207548241304794
8.16011437737794
0.003978102066457
1.28721335378086
0.067669902333023
10.3528897776233
1.87660761654429
0.258197493433074
7.29316467688955
0.391914730945617
12.1367586686911
0.573433818482758
4.24944531497931
0.031938617366208
0.060513871972807
2.60013123690719
 0.00017468202438
0.386686147115289
0.001440421138208
3.08115650829218
0.06652794624028
0.337098316597366
4.82604152308103
3.3947775648386
0.940552796029755
0.578948148513757
0.004331935564603
0.093822557635289
1.30649621143327
0.750361314578728
0.00215497564098

77.9326912351156

0.0071717
 4/1/2011 56.11 56.11 56.11

6/1/2011 53.37 53.37 53.31

10/1/2011 51 51 51

12/1/2011 48.81 48.81 48.75

13/01/2011 48.5 48.5 46.75

19/01/2011 48 48 46.25

21/01/2011 46.25 46.25 46.25

25/01/2011 43.94 43.94 43.94

31/01/2011 43.31 43.31 41.87

1/2/2011 41.11 43 41.11

2/2/2011 44.2 44.25 44.2

8/2/2011 42.9 44.9 42.9

10/2/2011 45.95 45.95 45.95

15/02/2011 47.75 47.75 47.75

18/02/2011 47.9 48 47.9

25/02/2011 45.95 48 45.95

3/3/2011 47.97 48 45.65

7/3/2011 49.95 49.95 49.85

10/3/2011 45.59 48 45.59

16/03/2011 48.3 48.3 48.3

22/03/2011 48.75 48.75 48.75

56.11 15

53.31 69

51 950

48.75 800

46.75 115

46.25 355

46.25 10

43.94 100

41.87 30

43 255

44.25 500

44.9 101

45.95 1

47.75 1

48 101

48 700

45.65 1044

49.85 22

47.65 37

48.3 2

48.75 1