BRK

AAPL
AXP
CPB
DOW
CL
NKE
WAQ

BRK
0.00311124
0.00032855
0.00338292
0.00060058
0.00470256
0.00044408
0.00142341
0.00139282

AAPL
0.00032855
0.00870303
0.00599316
0.00058539
0.00695041
0.00036823
0.00225053
0.00290174

AXP
0.00870303
0.00599316
0.01941415
0.00104442
0.01795224
0.0010958
0.00380818
0.00559677

CPB

DOW

0.01941415
0.00104442
0.00301406
0.00187307
0.00066189
0.00070491
0.00042257

0.00301406
0.00187307
0.02513685
0.00120742
0.00595053
0.00541559

CL

0.02513685
0.00120742
0.00196855
0.00100819
0.00129515

NKE

WAQ

0.00196855
0.00100819 0.00196855
0.00196855 0.00314928
0.00314928 0.0077214

BRK
AAPL
AXP
CPB
DOW
CL
NKE
WAQ

BRK

AAPL

AXP

1
0.06313875
0.43527639
0.19612221
0.53175548
0.17944233
0.32026728
0.28417109

1
0.46106399
0.11429614
0.46991566
0.08896325
0.30276186
0.35397745

1
0.13653413
0.81265079
0.17725491
0.34301192
0.45711952

CPB

DOW

1
0.21519036
1
0.27173021 0.17164387
0.16114177 0.47103251
0.08759465 0.38872473

CL

NKE

1
0.28517978
1
0.33219924 0.44979365

WAQ

1
BRK
12/1/2015
11/1/2015
10/1/2015
9/1/2015
8/1/2015
7/1/2015
6/1/2015
5/1/2015
4/1/2015
3/1/2015
2/1/2015
1/1/2015
12/1/2014
11/1/2014
10/1/2014
9/1/2014
8/1/2014
7/1/2014
6/1/2014
5/1/2014
4/1/2014
3/1/2014
2/1/2014
1/1/2014
12/1/2013
11/1/2013
10/1/2013
9/1/2013
8/1/2013
7/1/2013
6/1/2013
5/1/2013
4/1/2013
3/1/2013
2/1/2013
1/1/2013
12/1/2012
11/1/2012
10/1/2012
9/1/2012
8/1/2012
7/1/2012
6/1/2012
5/1/2012

2
AAPL

177160
174750
172994
170410
167050
173900
168600
171300
159000
156280
152600
145875
134060
131916
129505
132700
126560
127445
124945
118850
120800
121900
117934
117925
114755
118500
116950
106800
109759
111500
116105
118775
124750
125700
131300
122425
120450
120200
119300
124500
118675
117600
120000
105210

3
AXP

560.09
556.07
519.67
473.98
484.39
446.95
391.64
444.19
434.45
434.33
433.09
444.33
519.13
570.94
578.09
647.79
645.99
590.55
564.67
558.61
564.67
558.61
534.49
443.37
391.6
363.55
391.38
365.7
372.1
377.56
324.5
336.32
335.54
336.98
341.52
326.09
311.89
300.65
291.02
274.35
235.06
248.74
243.71
248.38

4
CPB

89.19
85.8
81.8
75.29
71.69
73.55
74.31
75.25
68
66.85
61.59
58.28
56.76
55.2
55.27
55.96
57.37
56.79
57.09
54.76
59.05
56.55
51.69
49.01
45.93
46.78
49.29
45.54
49.2
48.52
50.23
49.86
47.42
49.5
41.93
41.75
41.14
41.42
39.74
40.09
39.03
42.58
37.07
37.8

5
DOW

43.3
38.73
42.57
40.4
42.85
46.44
44.16
42.21
45.76
44.72
40.58
36.19
34.4
35.66
34.22
33.51
33.82
31.86
31.84
30.24
32.27
32.02
32.52
29.98
32.44
30.57
31.18
30.08
29.62
30.71
31.64
32.02
30.95
30.25
30.75
31.29
31.75
30.71
32.84
32.14
32.5
32.28
32.97
32.93

44.6
38.78
39.19
38.13
36.84
34.51
31.68
33.61
33.07
31.05
30.63
31.09
31.22
28.86
28.01
27.69
27.72
27.22
29.79
29.07
31.71
32.43
31.14
31.14
26.73
25.53
25.69
20.6
25.96
31.61
32.84
32.73
37.12
34.2
33.53
32.01
30.89
28.01
27.7
24.67
21.77
24.42
27.19
23.9

4/1/2012
3/1/2012
2/1/2012
1/1/2012
12/1/2011
11/1/2011
10/1/2011
9/1/2011
8/1/2011
7/1/2011
6/1/2011
5/1/2011
4/1/2011
3/1/2011
2/1/2011
1/1/2011
12/1/2010
11/1/2010
10/1/2010
9/1/2010
8/1/2010
7/1/2010
6/1/2010
5/1/2010
4/1/2010
3/1/2010
2/1/2010
1/1/2010

115325
123800
115800
114600
99800
100600
99000
101000
100850
97000
90000
91600
94000
86700
78600
89502
96600
104000
115490
130600
116600
114450
120750
134650
133850
133400
140000
136000

252.45
227.72
197.85
185.7
203.76
193.29
182.26
179.22
162.64
157.98
137.72
131.32
121.67
101.64
86.35
87.15
82.53
89.6
104.03
109.9
163.92
153.69
161.9
182.5
168.19
138.75
120.88
130.88

43.8
39.18
36.31
35.61
36.15
39.88
32.8
31.91
31.67
26.53
21.76
23.1
23.44
12.5
11.06
15.34
16.87
21.2
25.01
32.05
35.9
33.58
33.93
41.75
43.25
39.23
37.95
44.08

32.99
31.54
29.51
29.31
29.92
30.71
27.38
28.43
27.33
27.04
25.42
23.95
22.22
23.43
22.92
26.01
25.7
27.21
32.22
32.56
31.05
30.69
28.04
28.06
29.17
28.27
26.89
26.28

27.18
25.2
25.03
23.95
24.02
24.42
20.64
22.92
18.6
18.5
14.1
15.3
13.85
7.3
6.1
9.87
12.85
15.46
22.23
26.48
28.1
27.42
28.74
32.88
32.68
29.99
30.33
31.1

6
CL

7
NKE

65.37
65.81
64.73
58.98
57.46
59.55
56.65
57.2
59.04
58.02
56.25
52.78
51.1
53.04
51.31
52.12
51.67
52.18
50.3
47.5
47.81
46.95
44.74
43.56
44.08
43.65
43.11
42.04
42.65
40
41.17
41.22
39.73
37.76
36.72
35.2
37.33
35.55
35.82
35.45
34.06
35.43
36.1
35.79

8
WAQ

78.16
78.89
75.52
72.41
62.62
62.52
63.27
61.26
62.98
58.44
53.93
53.32
50.9
47.87
44.88
46.61
47.81
45.68
42.95
52.93
52.93
52.56
52.46
50.54
46.84
40.57
46.66
41.41
41.81
43.5
43.42
40.59
39.57
36.39
42.64
39.52
40.92
41.12
38.87
38.25
33.29
35.02
32.12
34.29

57.43
59.2
58.93
53.52
47.82
49.67
43.69
47.21
48.66
46.87
40.24
39.02
36.14
33.11
34.12
35.29
34.64
34.95
28.43
29.33
33.46
31.97
31.65
31.64
31.34
31.98
31.27
30.92
33.26
36.55
39.75
40.35
39.84
37.43
40.41
37.55
36.18
37.36
31.31
30.95
24.54
26.22
24.52
29.42

36.55
35.83
37.73
36.45
37.21
36.13
35.61
34.36
32.74
32.63
31.67
29.53
26.42
26.21
26.75
28.91
30.27
28.74
27.72
33.07
33.37
32.59
30.15
32.44
30.85
33.82
33.03
33.2

35.56
34.82
35.9
30.08
31.18
30.49
29.22
30.46
25.91
26.49
24.22
26.57
24.44
21.84
19.23
20.95
23.61
24.53
26.55
30.82
27.82
26.94
27.36
31.28
30.56
31.11
27.44
27.65

32.35
33.92
32.24
32.84
33.45
35.45
34.34
34.01
30.76
28.06
26.57
26.92
28.3
23.37
21.48
24.58
22.12
22.18
22.72
27.62
32.5
30.55
28.92
32.04
30.92
33.79
32.39
31.01
ACTIVOS INDIVIDUALES
Retorno esperado
Varianza
Desviacion estandar
Proporciones

MATRIZ DE COVARIANZAS
BRK
AAPL
AXP
CPB
DOW
CL
NKE
WAQ
MATRIZ DE CORRELACIONES

BRK
AAPL
AXP
CPB
DOW
CL
NKE
WAQ
MATRIZ DE MARKOWITZ
BRK
AAPL
AXP
CPB
DOW
CL
NKE
WAQ

PORTAFOLIO
Varianza
Desviacion estandar
Retorno esperado
Indice de desempeo

1
BRK

2
AAPL

1.4%
1.0%
1.5%
2.0%
-3.9%
3.1%
-1.6%
7.7%
1.7%
2.4%
4.6%
8.8%
1.6%
1.9%
-2.4%
4.9%
-0.7%
2.0%
5.1%
-1.6%
-0.9%
3.4%
0.0%
2.8%
-3.2%
1.3%
9.5%
-2.7%
-1.6%
-4.0%
-2.2%
-4.8%
-0.8%
-4.3%
7.2%
1.6%
0.2%
0.8%
-4.2%
4.9%
0.9%
-2.0%
14.1%
-8.8%

3
AXP

0.7%
7.0%
9.6%
-2.1%
8.4%
14.1%
-11.8%
2.2%
0.0%
0.3%
-2.5%
-14.4%
-9.1%
-1.2%
-10.8%
0.3%
9.4%
4.6%
1.1%
-1.1%
1.1%
4.5%
20.6%
13.2%
7.7%
-7.1%
7.0%
-1.7%
-1.4%
16.4%
-3.5%
0.2%
-0.4%
-1.3%
4.7%
4.6%
3.7%
3.3%
6.1%
16.7%
-5.5%
2.1%
-1.9%
-1.6%

4
CPB

4.0%
4.9%
8.6%
5.0%
-2.5%
-1.0%
-1.2%
10.7%
1.7%
8.5%
5.7%
2.7%
2.8%
-0.1%
-1.2%
-2.5%
1.0%
-0.5%
4.3%
-7.3%
4.4%
9.4%
5.5%
6.7%
-1.8%
-5.1%
8.2%
-7.4%
1.4%
-3.4%
0.7%
5.1%
-4.2%
18.1%
0.4%
1.5%
-0.7%
4.2%
-0.9%
2.7%
-8.3%
14.9%
-1.9%
-13.7%

5
DOW

11.8%
-9.0%
5.4%
-5.7%
-7.7%
5.2%
4.6%
-7.8%
2.3%
10.2%
12.1%
5.2%
-3.5%
4.2%
2.1%
-0.9%
6.2%
0.1%
5.3%
-6.3%
0.8%
-1.5%
8.5%
-7.6%
6.1%
-2.0%
3.7%
1.6%
-3.5%
-2.9%
-1.2%
3.5%
2.3%
-1.6%
-1.7%
-1.4%
3.4%
-6.5%
2.2%
-1.1%
0.7%
-2.1%
0.1%
-0.2%

15.0%
-1.0%
2.8%
3.5%
6.8%
8.9%
-5.7%
1.6%
6.5%
1.4%
-1.5%
-0.4%
8.2%
3.0%
1.2%
-0.1%
1.8%
-8.6%
2.5%
-8.3%
-2.2%
4.1%
0.0%
16.5%
4.7%
-0.6%
24.7%
-20.6%
-17.9%
-3.7%
0.3%
-11.8%
8.5%
2.0%
4.7%
3.6%
10.3%
1.1%
12.3%
13.3%
-10.9%
-10.2%
13.8%
-12.1%

-6.8%
6.9%
1.0%
14.8%
-0.8%
1.6%
-2.0%
0.1%
4.0%
7.8%
-1.7%
-2.6%
8.4%
10.3%
-12.2%
-7.3%
-7.1%
-9.9%
-11.6%
12.0%
1.9%
-5.2%
-10.3%
0.6%
0.3%
-4.7%
2.9%

BRK
AAPL
0.003111244
0.000328548
0.003382917
0.000600578
0.004702561
0.000444084
0.001423407
0.00139282

10.9%
15.1%
6.5%
-8.9%
5.4%
6.1%
1.7%
10.2%
2.9%
14.7%
4.9%
7.9%
19.7%
17.7%
-0.9%
5.6%
-7.9%
-13.9%
-5.3%
-33.0%
6.7%
-5.1%
-11.3%
8.5%
21.2%
14.8%
-7.6%

11.8%
7.9%
2.0%
-1.5%
-9.4%
21.6%
2.8%
0.8%
19.4%
21.9%
-5.8%
-1.5%
87.5%
13.0%
-27.9%
-9.1%
-20.4%
-15.2%
-22.0%
-10.7%
6.9%
-1.0%
-18.7%
-3.5%
10.2%
3.4%
-13.9%

4.6%
6.9%
0.7%
-2.0%
-2.6%
12.2%
-3.7%
4.0%
1.1%
6.4%
6.1%
7.8%
-5.2%
2.2%
-11.9%
1.2%
-5.5%
-15.5%
-1.0%
4.9%
1.2%
9.5%
-0.1%
-3.8%
3.2%
5.1%
2.3%

7.9%
0.7%
4.5%
-0.3%
-1.6%
18.3%
-9.9%
23.2%
0.5%
31.2%
-7.8%
10.5%
89.7%
19.7%
-38.2%
-23.2%
-16.9%
-30.5%
-16.0%
-5.8%
2.5%
-4.6%
-12.6%
0.6%
9.0%
-1.1%
-2.5%

0.53%
0.31%
5.58%
0.125

2.516850%
0.87%
9.33%
0.125

0.86%
0.30%
5.49%
0.125

1.61%
2.51%
15.85%
0.125

AXP
0.000328548
0.008703026
0.005993156
0.000585386
0.006950411
0.00036823
0.002250535
0.002901742

0.003382917
0.005993156
0.019414153
0.001044422
0.017952239
0.001095798
0.003808184
0.005596766

CPB
DOW
0.00060058 0.00470256
0.00058539 0.00695041
0.00104442 0.01795224
0.00301406 0.00187307
0.00187307 0.02513685
0.00066189 0.00120742
0.00070491 0.00595053
0.00042257 0.00541559

BRK

AAPL

1
0.0631387547
0.4352763895
0.1961222054
0.5317554777
0.179442328
0.3202672802
0.2841710939

BRK

AXP

1
0.461063986
0.1142961407
0.4699156633
0.0889632467
0.3027618645
0.353977446

AAPL
0.000049
0.000005
0.000053
0.000009
0.000073
0.000007
0.000022
0.000022

0.38%
6.13%
1.202%
19.61%

1
0.1365341335
0.8126507858
0.1772549066
0.343011924
0.4571195155

AXP
0.000005
0.000136
0.000094
0.000009
0.000109
0.000006
0.000035
0.000045

CPB

DOW

1
0.21519036
1
0.27173021 0.17164387
0.16114177 0.47103251
0.08759465 0.38872473

CPB
DOW
0.000053
0.000009
0.000073
0.000094
0.000009
0.000109
0.000303
0.000016
0.000281
0.000016
0.000047
0.000029
0.000281
0.000029
0.000393
0.000017
0.000010
0.000019
0.000060
0.000011
0.000093
0.000087
0.000007
0.000085

6
CL

7
NKE

-0.7%
1.7%
9.7%
2.6%
-3.5%
5.1%
-1.0%
-3.1%
1.8%
3.1%
6.6%
3.3%
-3.7%
3.4%
-1.6%
0.9%
-1.0%
3.7%
5.9%
-0.6%
1.8%
4.9%
2.7%
-1.2%
1.0%
1.3%
2.5%
-1.4%
6.6%
-2.8%
-0.1%
3.8%
5.2%
2.8%
4.3%
-5.7%
5.0%
-0.8%
1.0%
4.1%
-3.9%
-1.9%
0.9%
-2.1%

8
WAQ

-0.9%
4.5%
4.3%
15.6%
0.2%
-1.2%
3.3%
-2.7%
7.8%
8.4%
1.1%
4.8%
6.3%
6.7%
-3.7%
-2.5%
4.7%
6.4%
-18.9%
0.0%
0.7%
0.2%
3.8%
7.9%
15.5%
-13.1%
12.7%
-1.0%
-3.9%
0.2%
7.0%
2.6%
8.7%
-14.7%
7.9%
-3.4%
-0.5%
5.8%
1.6%
14.9%
-4.9%
9.0%
-6.3%
-3.6%

-3.0%
0.5%
10.1%
11.9%
-3.7%
13.7%
-7.5%
-3.0%
3.8%
16.5%
3.1%
8.0%
9.2%
-3.0%
-3.3%
1.9%
-0.9%
22.9%
-3.1%
-12.3%
4.7%
1.0%
0.0%
1.0%
-2.0%
2.3%
1.1%
-7.0%
-9.0%
-8.1%
-1.5%
1.3%
6.4%
-7.4%
7.6%
3.8%
-3.2%
19.3%
1.2%
26.1%
-6.4%
6.9%
-16.7%
-9.1%

2.0%
-5.0%
3.5%
-2.0%
3.0%
1.5%
3.6%
4.9%
0.3%
3.0%
7.2%
11.8%
0.8%
-2.0%
-7.5%
-4.5%
5.3%
3.7%
-16.2%
-0.9%
2.4%
8.1%
-7.1%
5.2%
-8.8%
2.4%
-0.5%

2.1%
-3.0%
19.3%
-3.5%
2.3%
4.3%
-4.1%
17.6%
-2.2%
9.4%
-8.8%
8.7%
11.9%
13.6%
-8.2%
-11.3%
-3.8%
-7.6%
-13.9%
10.8%
3.3%
-1.5%
-12.5%
2.4%
-1.8%
13.4%
-0.8%

-4.6%
5.2%
-1.8%
-1.8%
-5.6%
3.2%
1.0%
10.6%
9.6%
5.6%
-1.3%
-4.9%
21.1%
8.8%
-12.6%
11.1%
-0.3%
-2.4%
-17.7%
-15.0%
6.4%
5.6%
-9.7%
3.6%
-8.5%
4.3%
4.5%

1.06%
0.20%
4.44%
0.125

1.79%
0.63%
7.97%
0.125

1.25%
0.77%
8.79%
0.125

CL
NKE
WAQ
0.00044408
0.001423407 0.00139282
0.00036823
0.002250535 0.00290174
0.0010958
0.003808184 0.00559677
0.00066189
0.000704909 0.00042257
0.00120742
0.005950531 0.00541559
0.00196855
0.001008187 0.00129515
0.00100819
0.006348906 0.00314928
0.00129515
0.003149277 0.0077214

CL

1
0.28517978
0.33219924

CL

NKE

1
0.4497936507

NKE
0.000007
0.000006
0.000017
0.000010
0.000019
0.000031
0.000016
0.000020

WAQ

WAQ
0.000022
0.000022
0.000035
0.000045
0.000060
0.000087
0.000011
0.000007
0.000093
0.000085
0.000016
0.000020
0.000099
0.000049
0.000049
0.000121

ASSET
BRK
AAPL
AXP
CPB
DOW
CL
NKE
WAQ

%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
12.5%
100%

BRK
AAPL
AXP
CPB
DOW
CL
NKE
WAQ

BRK
AAPL
AXP
CPB
DOW
0.00311124 0.00032855 0.00338292 0.00060058 0.00470256
0.00032855 0.00870303 0.00599316 0.00058539 0.00695041
0.00338292 0.00599316 0.01941415 0.00104442 0.01795224
0.00060058 0.00058539 0.00104442 0.00301406 0.00187307
0.00470256 0.00695041 0.01795224 0.00187307 0.02513685
0.00044408 0.00036823 0.0010958 0.00066189 0.00120742
0.00142341 0.00225054 0.00380818 0.00070491 0.00595053
0.00139282 0.00290174 0.00559677 0.00042257 0.00541559

CL
NKE
WAQ
0.00044408 0.00142341 0.00139282
0.00036823 0.00225054 0.00290174
0.0010958 0.00380818 0.00559677
0.00066189 0.00070491 0.00042257
0.00120742 0.00595053 0.00541559
0.00196855 0.00100819 0.00129515
0.00100819 0.00634891 0.00314928
0.00129515 0.00314928 0.0077214