SUMMARY OUTPUT

Regression Statistics
Multiple R
0.07353166
R Square
0.005406905
Adjusted R Square
-0.039801872
Standard Error
0.094126439
Observations
24
ANOVA
df
Regression
Residual
Total

SS
0.001059618
0.194915302
0.19597492

MS
F
0.001059618 0.119598569
0.008859786

Coefficients Standard Error

-0.024278716 0.019779398
0.1474 0.426080217

t Stat
P-value
-1.227474962 0.232616969
0.345830261 0.732755502

1
22
23

Intercept
X Variable 1

RESIDUAL OUTPUT
Observation
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

Predicted Y
-0.013492591
-0.027918297
-0.020948574
-0.016645912
-0.018325718
-0.02514809
-0.011002352
-0.02153798
-0.024868122
-0.02772674
-0.021272747
-0.020771752
-0.034180732
-0.022407353
-0.020432844
-0.027962502
-0.010000362
-0.025295441
-0.024750241

Residuals
Standard Residuals
-0.269107409
-2.923254352
-0.002381703
-0.025871918
0.108448574
1.178052908
0.001945912
0.021138012
0.003425718
0.037212822
-0.06575191
-0.714248482
0.117702352
1.278574659
-0.07226202
-0.78496637
0.128268122
1.393348283
-0.11607326
-1.260878193
-0.126827253
-1.377696442
-0.022728248
-0.246891938
-0.020319268
-0.220723716
0.072407353
0.786545086
0.115632844
1.256094047
0.019262502
0.209244306
0.010000362
0.108631728
0.070795441
0.769035243
0.059550241
0.646881115

20
21
22
23
24

-0.037584551
-0.031484201
-0.024882857
-0.014789284
-0.020270757

0.037584551
-0.098915799
0.024882857
0.029789284
-0.005329243

0.408272673
-1.074500478
0.270296982
0.323594413
-0.057890387

Significance F
0.732755502

Lower 95%
Upper 95% Lower 95.0% Upper 95.0%
-0.065298678 0.016741245 -0.065298678 0.016741245
-0.736284855 1.03098772 -0.736284855 1.03098772

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.65617
R Square 0.430559
Adjusted R Square
0.404675
Standard Error
0.063013
Observations
24
ANOVA
df
Regression
Residual
Total

SS
MS
F
Significance F
1 0.066048 0.066048 16.63436 0.000498
22 0.087353 0.003971
23 0.153401

Coefficients
Standard Error t Stat
P-value Lower 95% Upper 95%Lower 95.0%
Upper 95.0%
Intercept -0.01954 0.013241 -1.47557 0.154228
-0.047 0.007922
-0.047 0.007922
X Variable 1 1.16335 0.285238 4.078525 0.000498 0.571803 1.754897 0.571803 1.754897

RESIDUAL OUTPUT
ObservationPredicted Y
1 0.065619
2 -0.04827
3 0.006753
4 0.040723
5 0.027461
6 -0.0264
7 0.085279
8
0.0021
9 -0.02419
10 -0.04676
11 0.004194
12 0.008149
13 -0.09772
14 -0.00476
15 0.010825
16 -0.04862
17 0.09319
18 -0.02757
19 -0.02326

Residuals
Standard Residuals
0.025981 0.421585
0.055573 0.901759
-0.00965 -0.15664
-0.01862 -0.30219
-0.03826 -0.62084
0.019902 0.322943
-0.06308 -1.02356
-0.0021 -0.03407
0.042992 0.697607
-0.02874 -0.46634
-0.13259 -2.15154
-0.02515 -0.40809
-0.05438 -0.88247
0.080864 1.312139
0.000275 0.004462
0.043522 0.706213
0.03391 0.550239
0.060766 0.986013
0.054961 0.891828

20
21
22
23
24

-0.12459
-0.07643
-0.02431
0.055381
0.012105

-0.02261
0.057326
-0.10069
0.117219
-0.0974

-0.3669
0.930205
-1.63388
1.902051
-1.58054

pper 95.0%

X Variable 1 Residual Plot

0.2

-10.00%

-5.00%
Y

Residuals

X Variable 1 Line Fit Plot

-10.00%

0.1
20.00%
0
10.00%
0.00%
5.00%
-0.1
0.00%
-5.00%
0.00%
5.00%
-0.2
X Variable 1
-10.00%
-20.00%

X Variable 1

10.00%

15.00%
Y

10.00%

15.00%

Predicted Y

Vanguard California Brown Group

Jan-89 7.32% -28.26%

Feb -2.47% -3.03%
Mar 2.26% 8.75%
April 5.18% -1.47%

May
June
July
August
Sep
Oct
Nov
Dec
Jan-90
Feb
Mar
April
May
June
July
August
Sep
Oct
Nov
Dec

9.16%
0.73%
-0.29%
2.21%

4.04% -1.49%
-0.59% -9.09%
9.01% 10.67%

-1.08%
-0.65%
2.22%

1.86%
-0.40%
-2.34%
2.04%
2.38%
-6.72%
1.27%
2.61%
-2.50%
9.69%
-0.69%
-0.32%
-9.03%
-4.89%
-0.41%
6.44%
2.72%

0.00%
1.88%
-7.55%
-12.84%
-1.70%
-15.21%
7.61%
1.11%
-0.51%
12.71%
3.32%
3.17%
-14.72%
-1.91%
-12.50%
17.26%
-8.53%

-9.38%
10.34%
-14.38%
-14.81%
-4.35%
-5.45%
5.00%
9.52%
-0.87%
0.00%
4.55%
3.48%
0.00%
-13.04%
0.00%
1.50%
-2.56%

Calculating Standard Deviation

Keeping VANGUARD
as base calculating COVariance

Portfolio Variability
Vanguard
California
Brown Group
Variability

Beta
California
Brown Group

Vanguard

California Brown Group

4.61%

Stock
Covariance
( Vanguard, "stock")

99%
1%
4.57%

0.1474
1.1633

9.23%

8.17%

California Brown Group

0.0003

99%
1%
4.61%

0.0024