AAPL MCD

Date Adj Close Ret-AAPL Adj Close

2/3/2016 92.47 111.95
2/8/2016 92.44 -0.03% 114.40
2/16/2016 94.46 2.18% 113.05
2/22/2016 95.32 0.91% 114.42
2/29/2016 101.31 6.29% 114.54
3/7/2016 100.58 -0.73% 118.81
3/14/2016 104.18 3.58% 121.28
3/21/2016 103.93 -0.24% 120.51
3/28/2016 108.18 4.09% 124.16
4/4/2016 106.87 -1.21% 125.07
4/11/2016 108.04 1.10% 124.90
4/18/2016 103.94 -3.80% 122.67
4/25/2016 92.20 -11.30% 123.64
5/2/2016 91.75 -0.49% 127.64
5/9/2016 89.57 -2.37% 125.92
5/16/2016 94.22 5.19% 119.80
5/23/2016 99.30 5.39% 120.47
5/31/2016 96.89 -2.42% 119.49
6/6/2016 97.80 0.93% 120.48
6/13/2016 94.33 -3.54% 120.39
6/20/2016 92.42 -2.02% 117.60
6/27/2016 94.89 2.67% 118.55
7/5/2016 95.67 0.82% 119.45
7/11/2016 97.75 2.17% 121.71
 7/18/2016 97.63 -0.12% 126.29
7/25/2016 103.12 5.63% 115.84
8/1/2016 106.93 3.70% 117.38
8/8/2016 107.63 0.65% 117.68
8/15/2016 108.80 1.09% 113.24
8/22/2016 106.39 -2.21% 112.68
8/29/2016 107.18 0.74% 114.94
9/6/2016 102.60 -4.27% 113.70
9/12/2016 114.33 11.43% 114.39
9/19/2016 112.13 -1.92% 116.27
9/26/2016 112.47 0.30% 114.47
10/3/2016 113.48 0.89% 112.57
10/10/2016 117.03 3.13% 113.21
10/17/2016 116.00 -0.88% 113.05
10/24/2016 113.14 -2.47% 111.24
10/31/2016 108.84 -3.80% 110.18
11/7/2016 108.43 -0.38% 113.34
11/14/2016 110.06 1.50% 119.07
11/21/2016 111.79 1.57% 119.73
11/28/2016 109.90 -1.69% 118.24
12/5/2016 113.95 3.69% 121.26
12/12/2016 115.97 1.77% 123.24
12/19/2016 116.52 0.47% 123.14
12/27/2016 115.82 -0.60% 121.72
1/3/2017 117.91 1.80% 120.76
1/9/2017 119.04 0.96% 121.50
1/17/2017 120.00 0.81% 122.26
1/23/2017 121.95 1.62% 122.86
1/30/2017 128.53 5.40% 124.24
Average 0.69% Average
Average - Annual 35.99% Average - Annual
STD 3.41% STD
STD -Annual 24.56% STD -Annual
Mean + 1 std 60.54% Mean + 1 std
mean - 1 STD 11.43% mean - 1 STD

32.45%
Correl (AAPL,MCD) 0.125% -1.00
Correl (AAPL,SPY) 0.48 Correl(MCD,SPY)
Beta 1.20 Beta MCD
Ret
Portfolio
.5 AAPL 17.99% .5AAPL
.5*MCD 5.85% .5*MCD
Portfolio Ret 23.84% Port_Beta

Port STD 14.66% 0.0018

4.29%

Portfolio Beta
(.75AAPL+.25MCD) 1.03 6.90
AAPL ER 7 5.25
MCD 3.65 0.91
MCD SPY

Adj Close RET_SPY

184.00
2.19% 182.71 -0.70%
-1.19% 187.96 2.88%
1.22% 190.99 1.61%
0.10% 196.22 2.74%
3.73% 198.50 1.16%
2.08% 201.12 1.32%
-0.64% 199.88 -0.62%
3.03% 203.61 1.87%
0.74% 201.23 -1.17%
-0.14% 204.46 1.60%
-1.78% 205.63 0.57%
0.79% 203.03 -1.26%
3.23% 202.43 -0.30%
-1.34% 201.49 -0.47%
-4.87% 202.21 0.36%
0.56% 206.88 2.31%
-0.82% 206.92 0.02%
0.83% 206.71 -0.10%
-0.07% 204.28 -1.18%
-2.31% 201.03 -1.59%
0.80% 207.64 3.29%
0.76% 210.34 1.30%
1.90% 213.49 1.50%
 3.76% 214.88 0.65%
-8.27% 214.76 -0.06%
1.33% 215.81 0.49%
0.26% 216.09 0.13%
-3.77% 216.17 0.04%
-0.50% 214.93 -0.57%
2.00% 216.00 0.50%
-1.08% 210.96 -2.33%
0.61% 212.12 0.55%
1.64% 214.72 1.23%
-1.54% 215.03 0.14%
-1.66% 213.78 -0.58%
0.56% 211.87 -0.89%
-0.14% 212.73 0.40%
-1.61% 211.29 -0.67%
-0.95% 207.33 -1.88%
2.86% 215.15 3.77%
5.06% 217.22 0.96%
0.55% 220.22 1.38%
-1.24% 218.39 -0.83%
2.55% 225.18 3.11%
1.63% 225.04 -0.06%
-0.08% 225.71 0.30%
-1.15% 223.53 -0.97%
-0.79% 227.21 1.65%
0.61% 227.05 -0.07%
0.63% 226.74 -0.14%
0.49% 228.97 0.98%
1.12% 227.77 -0.52%
 0.22% Average 0.42% Average
11.70% Average - Annual 21.85% Average - Annual
2.21% STD 1.35% STD
15.97% STD -Annual 9.75% STD -Annual
27.67% Mean + 1 STd 31.59% Mean + 1 STd
-4.28% Mean - 1 STD 12.10% Mean - 1 STD

0.0292392770440315
0.32
0.53 3.65
0.27

0.601675
0.264281
0.865956 Port_Ret_CAPM 4.33978
Average
STD

23.84

26.99% 0.98
2.92% -0.24
 2-stockk
Portfolio(.
5AAPL+.5
MCD)

1.08%
0.50%
1.06%
3.20%
1.50%
2.83%
-0.44%
3.56%
-0.23%
0.48%
-2.79%
-5.25%
1.37%
-1.86%
0.16%
2.98%
-1.62%
0.88%
-1.81%
-2.17%
1.73%
0.79%
2.03%
 1.82%
-1.32%
2.51%
0.46%
-1.34%
-1.35%
1.37%
-2.67%
6.02%
-0.14%
-0.62%
-0.38%
1.85%
-0.51%
-2.04%
-2.37%
1.24%
3.28%
1.06%
-1.47%
3.12%
1.70%
0.20%
-0.88%
0.51%
0.79%
0.72%
1.06%
3.26%
 0.46%
23.84%
2.03%
14.66%
38.50%
9.19%

0.0201
0.22
SML
RF 0.01
RPM 0.05
Beta Ret
0.1 1.5% SML
0.2 2.0%
12.0%
0.3 2.5%
0.4 3.0%
AAPL
0.5 3.5%
10.0%
0.6 4.0%
0.7 4.5%
0.8 5.0%
8.0%
0.9 5.5%
1 6.0%
1.1 6.5%
6.0%
1.2 7.0%
1.3 7.5%
1.4 8.0%
4.0% MCD
1.5 8.5%
1.6 9.0%
1.7 9.5%
2.0%
1.8 10.0%
1.9 10.5%
2 11.0%
0.0%
0 0.5 1 1.5
 SML

AAPL

MCD

1 1.5 2 2.5
Ret AAPL Ret MCD
-0.03% 2.19%
2.18% -1.19%
0.91% 1.22%
6.29% 0.10%
-0.73% 3.73%
3.58% 2.08%
-0.24% -0.64%
15.00%
4.09% 3.03%
-1.21% 0.74%
1.10% -0.14%
10.00%
-3.80% -1.78%
-11.30% 0.79%
-0.49% 3.23%
5.00%
-2.37% -1.34%
5.19% -4.87%
5.39% 0.56%
0.00%
-2.42% -0.82%

1
3
5
7
9
11
0.93% 0.83%
-3.54% -0.07% -5.00%
-2.02% -2.31%
2.67% 0.80%
0.82% 0.76% -10.00%
2.17% 1.90%
-0.12% 3.76%
5.63% -8.27% -15.00%
3.70% 1.33%
0.65% 0.26%
1.09% -3.77%
-2.21% -0.50%
0.74% 2.00%
-4.27% -1.08%
11.43% 0.61%
-1.92% 1.64%
0.30% -1.54%
0.89% -1.66%
3.13% 0.56%
-0.88% -0.14%
-2.47% -1.61%
-3.80% -0.95%
-0.38% 2.86%
1.50% 5.06%
1.57% 0.55%
-1.69% -1.24%
3.69% 2.55%
1.77% 1.63%
0.47% -0.08%
-0.60% -1.15%
1.80% -0.79%
0.96% 0.61%
0.81% 0.63%
1.62% 0.49%
5.40% 1.12%
 Returns for AAPl & MCD
15.00%

10.00%

5.00%

0.00%
1
3
5
7
9
11
13
15
17
19
21
23
25
27
29
31
33
35
37
39
41
43
45
47
49
51

-5.00%

-10.00%

-15.00%

Ret AAPL Ret MCD

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.4776
R Square 0.228102
Adjusted R 0.212664
Standard E 0.030218
Observatio 52

ANOVA
df SS MS F Significance F
Regression 1 0.013491 0.013491 14.77537 0.000343
Residual 50 0.045655 0.000913
Total 51 0.059147

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.001865 0.004392 0.424564 0.672976 -0.006957 0.010686 -0.006957 0.010686
X Variable 1.20335 0.313057 3.843874 0.000343 0.574558 1.832143 0.574558 1.832143
SPY_MKT RET AAPL-Ret
-0.007023068343 -0.0003190454
0.028773523453 0.0218108562
0.016093664576 0.0090588034 AAPL-Ret
0.027371973327 0.062944954
0.15
0.011625031474 -0.007280822
0.013188679106 0.0357910551
-0.006165033962 -0.0023602929
0.018708243407 0.040882012
-0.011695358557 -0.0120919386 0.1
0.016039083444 0.0109515306
0.005727281721 -0.0379608236
-0.012633439194 -0.1129826647
-0.002956398333 -0.0048588711
-0.004666568791 -0.0237274553 0.05
0.003565142381 0.0519222732
0.023115517908 0.0538752084
0.000190214932 -0.0242151913
-0.000998612457 0.0092933141 AAPL
-0.011786682885 -0.0354143845 0
-0.03 -0.02 -0.01 0 0.01
-0.015882204643 -0.0202454015
0.032867478407 0.0266594681
0.013004955286 0.0082386184
0.014954218771 0.021721077
-0.05
0.006532877435 -0.0012147413
-0.000552387863 0.0562537798
0.004882095012 0.0369661172
0.001283351937 0.0065128639
0.0003661326 0.0109077502
-0.1
-0.005719731333 -0.0221287518
0.004970281729 0.0073873228
-0.023309001346 -0.0426993846
0.005475425346 0.1143217157
0.012279196878 -0.0192307408 -0.15
0.001435244461 0.0030166066
-0.005825280112 0.008934065 SPY - M
-0.008928582747 0.0312993218
0.004035305393 -0.0087562975
-0.006729614071 -0.0246997523 SUMMARY OUTPUT
-0.018772902768 -0.0379985802
0.037736743001 -0.0037669608 Regression Statistics
0.009610931991 0.0150327216 Multiple R 0.48
0.013821579086 0.0157187264 R Square 0.23
-0.008306340874 -0.016906691 Adjusted R Square 0.21
0.031090746639 0.0368516372 Standard Error 0.03
-0.000633982829 0.0177271088 Observations 52
0.002977310793 0.0047425713
-0.00965844638 -0.0060075268 ANOVA
 0.016463150434 0.0180452772 df SS MS
-0.000704211941 0.0095835549 Regression 1 0.01 0.01
-0.001365329205 0.0080645077 Residual 50 0.05 0.00
0.009835035507 0.016249975 Total 51 0.06
-0.005240848123 0.0539565573
CoefficientStandard Et Stat
Intercept 0.00 0.00 0.42
X Variable 1 1.20 0.31 3.84
 AAPL-Ret
0.15

0.1

0.05

0
01 0 0.01 0.02 0.03 0.04 0.05

-0.05

-0.1

-0.15

SPY - MKT
F Significance F
14.78 0.00

P-value Lower 95%Upper 95%Lower 95. Upper 95.0%

0.67 -0.01 0.01 -0.01 0.01
0.00 0.57 1.83 0.57 1.83
Scenario Probability Return

Worst Case 0.1 -14%

Poor Case 0.2 -4%
Most Likely 0.4 6%
Good Case 0.2 16%
Best Case 0.1 26%
Expected
1
Return
SUMPRODUCT()
 Deviation
Product from Mean
Squared Prob*Dev
Mean Sq
-1.40% 0.04 0.004
-0.80% 0.01 0.002
2.40% 0 0
3.20% 0.01 0.002
2.60% 0.04 0.004

6.00% Variance 1.20%

6.00% Stdev 10.95%