Fill in the

red boxes

Start Date:

1-Jan-95

End Date:

1-Sep-12

Stock Symbol:

then click the Download button

data points =

msft

Annualized Return =

212

Minimum

2-Mar-09

$14.87

Maximum

1-Mar-99

$180.38

14.5%

Jan 3/95 to Aug 1/12

URL used = http://chart.yahoo.com/table.csv?s=msft&a=0&b=1&c=1995&d=8&e=1&f=2012&g=m&q=q&y=0&z=msft&x=.csv

47 Volume/1000
42
37
32
27
22
17
12
7
2

160,000
140,000
High

Date

Open

Low

Close

Volume

Jan 3/95

61.50

65.25

58.25

59.38

55,788,300

2.84

Feb 1/95

59.38

63.25
120,000

58.38

63.00

55,326,400

3.01

Mar 1/95

63.13

74.12

62.75

71.12

64,295,800

3.40

Apr 3/95

71.00

82.12
100,000

68.75

81.75

73,246,000

3.91

May 1/95

81.87

89.50

78.87

84.69

66,036,200

4.05

Jun 1/95

85.00

92.37

81.75

90.37

60,169,600

4.32

Jul 3/95

90.87

109.25

88.50

90.50

121,614,700

4.33

Aug 1/95

90.75

100.75

87.00

92.50

94,326,500

4.42

Index

msft

80,000
60,000

Adj Close

Sep 1/95

91.75

97.87

83.37

90.50

85,874,400

4.33

10

Oct 2/95

90.50

103.37

80.37

100.00

105,458,800

4.78

11

Nov 1/95

100.12

101.00

84.25

87.12

93,544,300

4.16

12

Dec 1/95

87.12

94.75

85.12

87.75

85,297,800

4.19

13

Jan 2/96

87.87

93.25

79.87

92.50

96,608,600

4.42

14

Feb 1/96

92.25

103.62

92.00

98.69

84,932,600

4.72

15

Mar 1/96

98.37

0
107.06

94.62

103.12

83,450,400

4.93

Jan-95

Jul-97

Jan-00

Jul-02

Jan-05

40,000
20,000

Jul-07

Jan-10

16

Apr 1/96

103.14

Jul-12

113.87

99.62

113.25

65,463,000

5.41

17

May 1/96

112.87

120.00

109.62

118.75

56,708,500

5.68

18

Jun 3/96

118.75

125.87

116.25

120.12

66,605,100

5.74

19

Jul 1/96

120.25

122.87

107.50

117.87

101,509,800

5.63

20

Aug 1/96

117.87

126.12

117.37

122.50

53,270,500

5.86

21

Sep 3/96

122.00

138.63

120.62

131.88

69,450,400

6.30

22

Oct 1/96

131.75

139.13

130.88

137.25

59,898,400

6.56

23

Nov 1/96

137.25

158.00

136.50

156.88

81,906,000

7.50

24

Dec 2/96

157.50

159.50

76.37

82.62

71,113,800

7.90

25

Jan 2/97

83.12

103.25

80.75

102.00

75,104,400

9.75

26

Feb 3/97

102.62

103.50

94.00

97.50

72,398,100

9.32

27

Mar 3/97

97.00

101.00

87.62

91.69

78,573,200

8.77

28

Apr 1/97

90.12

122.62

89.75

121.50

90,802,500

11.61

29

May 1/97

122.00

129.06

114.87

124.00

65,770,100

11.85

30

Jun 2/97

125.00

134.94

118.25

126.37

48,022,600

12.08

31

Jul 1/97

126.44

150.75

123.25

141.38

78,917,500

13.52

32

Aug 1/97

141.38

144.63

131.00

132.19

57,472,700

12.64

33

Sep 2/97

133.13

140.25

130.63

132.31

57,024,100

12.65

34

Oct 1/97

132.50

139.63

123.50

130.00

68,703,800

12.43

35

Nov 3/97

131.63

142.25

129.00

141.50

49,124,300

13.53

36

Dec 1/97

141.94

146.63

118.00

129.25

67,425,900

12.36

37

Jan 2/98

129.63

150.13

124.37

149.19

76,808,900

14.26

38

Feb 2/98

151.75

160.06

79.37

84.75

76,292,100

16.20

39

Mar 2/98

85.87

90.94

79.25

89.50

51,732,000

17.11

40

Apr 1/98

89.81

99.12

86.62

90.12

51,116,700

17.23

41

May 1/98

90.19

91.00

81.87

84.81

56,473,600

16.21

42

Jun 1/98

83.87

108.56

83.12

108.37

59,552,800

20.72

43

Jul 1/98

109.12

119.62

105.37

109.94

58,318,300

21.02

44

Aug 3/98

109.12

113.75

95.75

95.94

70,606,100

18.34

45

Sep 1/98

95.25

114.62

94.50

110.06

58,628,500

21.04

46

Oct 1/98

108.06

110.12

87.75

105.87

77,380,500

20.24

47

Nov 2/98

106.37

130.27

104.75

122.00

61,680,300

23.33

48

Dec 1/98

120.25

144.00

120.12

138.69

51,152,500

26.52

49

Jan 4/99

139.61

175.13

136.00

175.00

81,688,900

33.46

50

Feb 1/99

175.44

175.94

143.98

150.13

87,282,900

28.70

51

Mar 1/99

149.56

180.38

87.87

89.62

70,789,600

34.27

52

Apr 1/99

91.25

95.62

79.87

81.31

58,198,000

31.09

53

May 3/99

81.44

81.81

75.50

80.69

58,290,200

30.85

54

Jun 1/99

80.62

90.25

76.12

90.19

42,956,400

34.49

55

Jul 1/99

89.87

100.75

85.50

85.81

56,944,200

32.81

56

Aug 2/99

85.69

96.37

81.62

92.56

63,403,500

35.39

57

Sep 1/99

92.31

97.87

88.81

90.56

48,796,600

34.63

58

Oct 1/99

90.19

95.25

85.06

92.56

54,369,300

35.39

59

Nov 1/99

93.25

94.50

84.37

91.05

72,828,600

34.82

60

Dec 1/99

91.06

119.94

90.87

116.75

57,886,100

44.64

61

Jan 3/00

117.37

118.62

94.87

97.87

67,403,400

37.42

62

Feb 1/00

98.50

110.00

88.12

89.37

69,646,200

34.17

63

Mar 1/00

89.62

115.00

88.94

106.25

90,976,900

40.63

64

Apr 3/00

94.44

96.50

65.00

69.75

122,959,400

26.67

65

May 1/00

72.87

74.00

60.38

62.56

63,609,000

23.92

66

Jun 1/00

64.37

82.19

63.81

80.00

69,063,900

30.59

67

Jul 3/00

79.69

82.87

67.25

69.81

65,223,400

26.69

68

Aug 1/00

69.94

74.87

68.12

69.81

56,172,800

26.69

69

Sep 1/00

70.00

72.06

58.63

60.31

74,979,300

23.06

70

Oct 2/00

60.50

70.12

48.44

68.87

116,994,900

26.33

71

Nov 1/00

68.50

72.37

57.00

57.38

103,841,100

21.94

72

Dec 1/00

58.06

60.63

40.31

43.38

107,832,200

16.59

73

Jan 2/01

44.13

64.75

42.88

61.06

99,401,400

23.35

74

Feb 1/01

60.81

65.06

53.88

59.00

85,342,300

22.56

75

Mar 1/01

58.56

61.13

49.75

54.69

90,297,700

20.91

76

Apr 2/01

54.81

71.10

51.06

67.75

107,508,700

25.91

77

May 1/01

67.66

72.15

67.25

69.18

83,999,400

26.45

78

Jun 1/01

69.60

76.15

66.01

73.00

73,498,100

27.91

79

Jul 2/01

72.05

73.15

64.20

66.19

72,106,300

25.31

80

Aug 1/01

66.80

67.54

56.30

57.05

52,686,800

21.81

81

Sep 4/01

57.19

59.08

47.50

51.17

108,497,700

19.57

82

Oct 1/01

50.94

63.63

50.41

58.15

78,938,700

22.24

83

Nov 1/01

60.08

68.34

59.60

64.21

65,676,300

24.55

84

Dec 3/01

63.83

69.89

63.80

66.25

51,004,700

25.33

85

Jan 2/02

66.65

70.62

61.33

63.71

68,080,000

24.36

86

Feb 1/02

64.15

64.50

57.15

58.34

63,117,200

22.31

87

Mar 1/02

59.05

65.00

58.31

60.31

55,857,200

23.06

88

Apr 1/02

59.83

60.40

51.44

52.26

67,948,300

19.98

89

May 1/02

52.16

56.44

48.35

50.91

67,578,800

19.47

90

Jun 3/02

50.99

56.44

49.17

54.70

96,181,400

20.92

91

Jul 1/02

54.12

54.93

41.41

47.98

114,821,000

18.35

92

Aug 1/02

47.58

53.45

43.80

49.08

80,631,600

18.77

93

Sep 3/02

48.52

51.10

43.11

43.74

90,564,100

16.73

94

Oct 1/02

44.32

54.07

43.19

53.47

112,232,300

20.45

95

Nov 1/02

52.43

58.64

51.90

57.68

79,219,500

22.06

96

Dec 2/02

58.65

58.96

51.26

51.70

63,170,400

19.77

97

Jan 2/03

52.30

57.32

47.03

47.46

86,929,500

18.15

98

Feb 3/03

47.93

49.10

23.30

23.70

73,871,300

18.18

99

Mar 3/03

24.02

26.80

22.55

24.21

68,727,900

18.57

100

Apr 1/03

24.46

26.43

23.95

25.57

62,151,600

19.62

101

May 1/03

25.54

26.50

23.89

24.61

66,480,900

18.88

102

Jun 2/03

24.98

26.51

23.60

25.64

77,050,900

19.67

103

Jul 1/03

25.59

27.81

25.39

26.41

61,659,800

20.26

104

Aug 1/03

26.33

26.95

25.43

26.52

47,667,100

20.35

105

Sep 2/03

26.70

30.00

26.47

27.80

62,697,200

21.33

106

Oct 1/03

28.03

29.46

25.91

26.14

63,898,000

20.17

107

Nov 3/03

26.35

26.75

24.84

25.71

77,670,400

19.84

108

Dec 1/03

25.90

27.55

25.50

27.37

69,030,000

21.12

109

Jan 2/04

27.58

28.83

27.26

27.65

63,635,800

21.33

110

Feb 2/04

27.61

27.80

26.35

26.53

57,385,900

20.47

111

Mar 1/04

26.63

26.72

24.01

24.93

77,111,900

19.23

112

Apr 1/04

24.95

27.72

24.85

26.13

77,386,600

20.16

113

May 3/04

26.19

26.60

25.42

26.23

58,942,400

20.24

114

Jun 1/04

26.13

28.80

25.86

28.56

77,068,200

22.03

115

Jul 1/04

28.70

29.89

27.25

28.49

76,666,600

21.98

116

Aug 2/04

28.27

28.55

26.85

27.30

52,104,600

21.12

117

Sep 1/04

27.23

27.79

26.74

27.65

57,725,200

21.40

118

Oct 1/04

27.82

28.89

27.55

27.97

65,742,900

21.64

119

Nov 1/04

28.16

30.20

26.10

26.81

86,446,000

23.12

120

Dec 1/04

26.95

27.44

26.68

26.72

84,488,000

23.04

121

Jan 3/05

26.80

27.10

25.64

26.28

79,642,800

22.66

122

Feb 1/05

26.25

26.50

25.13

25.16

75,992,300

21.77

123

Mar 1/05

25.19

25.79

23.82

24.17

72,899,700

20.91

124

Apr 1/05

24.24

25.45

23.94

25.30

77,090,200

21.89

125

May 2/05

25.23

26.09

24.64

25.80

62,699,700

22.39

126

Jun 1/05

25.73

26.00

24.82

24.84

62,956,700

21.56

127

Jul 1/05

24.85

26.48

24.50

25.61

69,046,600

22.23

128

Aug 1/05

25.81

27.94

25.76

27.38

65,529,900

23.83

129

Sep 1/05

27.38

27.39

25.12

25.73

66,976,400

22.40

130

Oct 3/05

25.71

25.80

24.25

25.70

72,132,400

22.37

131

Nov 1/05

25.61

28.25

25.61

27.68

71,469,100

24.16

132

Dec 1/05

27.73

28.10

26.10

26.15

62,892,300

22.83

133

Jan 3/06

26.25

28.38

26.10

28.15

74,173,200

24.57

134

Feb 1/06

27.96

28.07

26.34

26.87

58,565,000

23.54

135

Mar 1/06

26.98

28.22

26.62

27.21

65,223,100

23.83

136

Apr 3/06

27.67

27.94

24.00

24.15

107,219,900

21.15

137

May 1/06

24.32

25.00

22.45

22.65

110,427,000

19.92

138

Jun 1/06

22.74

23.65

21.46

23.30

92,940,200

20.49

139

Jul 3/06

23.53

24.60

22.23

24.06

68,627,600

21.16

140

Aug 1/06

24.02

26.25

23.85

25.70

50,459,500

22.68

141

Sep 1/06

25.89

27.52

25.39

27.35

56,588,300

24.14

142

Oct 2/06

27.32

28.85

27.15

28.71

61,492,200

25.34

143

Nov 1/06

28.78

30.00

28.58

29.36

61,544,700

26.00

144

Dec 1/06

29.23

30.26

28.80

29.86

58,945,000

26.44

145

Jan 3/07

29.91

31.48

29.40

30.86

69,924,300

27.33

146

Feb 1/07

30.84

30.94

27.79

28.17

72,483,300

25.03

147

Mar 1/07

27.82

28.55

26.60

27.87

59,843,900

24.77

148

Apr 2/07

27.89

30.74

27.56

29.94

51,337,600

26.61

149

May 1/07

29.94

31.16

29.90

30.69

64,202,000

27.36

150

Jun 1/07

30.79

30.90

29.04

29.47

59,647,900

26.27

151

Jul 2/07

29.67

31.84

28.95

28.99

64,862,000

25.85

152

Aug 1/07

28.95

30.10

27.51

28.73

55,264,800

25.70

153

Sep 4/07

28.50

29.85

28.27

29.46

61,223,000

26.36

154

Oct 1/07

29.46

37.00

29.29

36.81

85,080,900

32.93

155

Nov 1/07

36.53

37.50

32.68

33.60

90,498,800

30.16

156

Dec 3/07

33.50

36.72

32.63

35.60

55,002,300

31.96

157

Jan 2/08

35.79

35.96

31.04

32.60

97,806,800

29.26

158

Feb 1/08

31.06

33.25

27.02

27.20

122,053,500

24.51

159

Mar 3/08

27.24

29.59

26.87

28.38

74,958,500

25.57

160

Apr 1/08

28.83

32.10

27.93

28.52

69,066,000

25.70

161

May 1/08

28.50

30.53

27.95

28.32

69,931,800

25.61

162

Jun 2/08

28.24

29.57

27.11

27.51

77,058,100

24.88

163

Jul 1/08

27.27

27.91

24.87

25.72

77,180,100

23.26

164

Aug 1/08

25.92

28.50

25.07

27.29

59,889,700

24.78

165

Sep 2/08

27.67

27.76

23.50

26.69

96,891,900

24.24

166

Oct 1/08

26.38

27.47

20.65

22.33

136,418,800

20.28

167

Nov 3/08

22.48

23.66

17.50

20.22

95,976,900

18.48

168

Dec 1/08

19.88

21.25

18.47

19.44

72,425,500

17.77

169

Jan 2/09

19.53

21.00

16.75

17.10

81,319,400

15.63

170

Feb 2/09

17.03

19.93

16.10

16.15

81,560,000

14.87

171

Mar 2/09

15.96

18.88

14.87

18.37

78,069,100

16.91

172

Apr 1/09

18.23

21.20

18.18

20.26

78,563,800

18.65

173

May 1/09

20.19

20.94

19.01

20.89

57,362,800

19.35

174

Jun 1/09

21.00

24.34

20.86

23.77

67,163,500

22.02

175

Jul 1/09

24.05

25.72

22.00

23.52

71,441,700

21.79

176

Aug 3/09

23.82

25.49

23.03

24.65

49,659,200

22.96

177

Sep 1/09

24.35

26.25

23.76

25.72

52,500,600

23.96

178

Oct 1/09

25.41

29.35

24.43

27.73

72,581,900

25.83

179

Nov 2/09

27.70

30.14

27.41

29.41

53,121,400

27.52

180

Dec 1/09

29.52

31.50

29.25

30.48

43,297,000

28.52

181

Jan 4/10

30.62

31.24

27.66

28.18

81,765,200

26.37

182

Feb 1/10

28.39

29.03

27.57

28.67

58,684,900

26.95

183

Mar 1/10

28.77

30.57

28.24

29.29

51,043,300

27.53

184

Apr 1/10

29.35

31.58

28.62

30.54

65,821,100

28.71

185

May 3/10

30.67

31.06

24.56

25.80

89,381,300

24.36

186

Jun 1/10

25.53

26.93

22.95

23.01

79,675,500

21.73

187

Jul 1/10

23.09

26.41

22.73

25.81

71,053,500

24.37

188

Aug 2/10

25.99

26.38

23.32

23.47

61,156,600

22.28

189

Sep 1/10

23.67

25.53

23.54

24.49

63,542,900

23.25

190

Oct 1/10

24.77

27.20

23.78

26.67

66,458,300

25.32

191

Nov 1/10

26.88

28.87

24.93

25.26

68,402,700

24.13

192

Dec 1/10

25.57

28.40

25.56

27.91

48,111,900

26.66

193

Jan 3/11

28.05

29.46

27.42

27.73

71,312,700

26.49

194

Feb 1/11

27.80

28.34

26.43

26.58

61,355,100

25.54

195

Mar 1/11

26.60

26.78

24.68

25.39

59,744,300

24.39

196

Apr 1/11

25.53

26.87

24.72

25.92

81,660,300

24.90

197

May 2/11

25.94

26.25

24.03

25.01

67,821,800

24.19

198

Jun 1/11

24.99

26.00

23.65

26.00

61,377,000

25.14

199

Jul 1/11

25.93

28.15

25.84

27.40

68,186,700

26.50

200

Aug 1/11

27.51

27.69

23.79

26.60

77,332,100

25.89

201

Sep 1/11

26.46

27.50

24.60

24.89

63,522,800

24.22

202

Oct 3/11

24.72

27.50

24.26

26.63

60,235,300

25.92

203

Nov 1/11

26.19

27.20

24.30

25.58

53,693,200

25.08

204

Dec 1/11

25.56

26.19

25.16

25.96

49,264,800

25.45

205

Jan 3/12

26.55

29.95

26.39

29.53

70,271,500

28.95

206

Feb 1/12

29.79

32.00

29.71

31.74

52,182,700

31.33

207

Mar 1/12

31.93

32.95

31.49

32.26

44,277,900

31.84

208

Apr 2/12

32.22

32.89

30.23

32.02

48,821,800

31.60

209

May 1/12

32.05

32.34

28.64

29.19

47,886,600

29.00

210

Jun 1/12

28.76

31.14

28.32

30.59

48,969,400

30.39

211

Jul 2/12

30.62

31.05

28.54

29.47

42,105,900

29.28

212

Aug 1/12

29.59

30.96

28.97

30.82

30,797,300

30.82

213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251

252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283

Chart Max =

47.00

Chart Min =

2.00

Max =

40.75%

in Jan, 2001

Increment =

3.1%

msft distribution of monthly returns: Jan/95-Aug/12

1.59%

FREQ

0
1
0
0
1
0
3
6
11
14
26
24
33
36
21
10
12
2
2
3
2
3
1
0
0
1
0

0.00%
0.47%
0.00%
0.00%
0.47%
0.00%
1.42%
2.83%
5.19%
6.60%
12.26%
11.32%
15.57%
16.98%
9.91%
4.72%
5.66%
0.94%
0.94%
1.42%
0.94%
1.42%
0.47%
0.00%
0.00%
0.47%

9.92%

Returns

Volume/1000

-35.00%

-3.45%

55,788

-31.87%

5.99%

55,326

-28.74%

12.96%

64,296

-25.61%

15.00%

73,246

-22.48%

3.58%

66,036

-19.35%

6.67%

60,170

-16.22%

0.23%

121,615

-13.09%

2.08%

94,327

-9.96%

-2.04%

85,874

-6.84%

10.39%

105,459

-3.71%

-12.97%

93,544

-0.58%

0.72%

85,298

2.55%

5.49%

96,609

5.68%

6.79%

84,933

8.81%

4.45%

83,450

11.94%

9.74%

65,463

15.07%

4.99%

56,709

18.20%

1.06%

66,605

21.33%

-1.92%

101,510

24.46%

4.09%

53,271

27.59%

7.51%

69,450

30.72%

4.13%

59,898

33.85%

14.33%

81,906

36.98%

5.33%

71,114

40.11%

23.42%

75,104

43.24%

-4.41%

72,398

-5.90%

78,573

32.38%

90,803

2.07%

65,770

1.94%

48,023

11.92%

78,918

KURT=2.0

-6.51%

57,473

SKEW=0.47

0.08%

57,024

-1.74%

68,704

8.85%

49,124

-8.65%

67,426

15.37%

76,809

13.60%

76,292

5.62%

51,732

0.70%

51,117

-5.92%

56,474

27.82%

59,553

1.45%

58,318

Cumulative
Density
Normal
Normal
Distribution
0.0%
0.000
0.0%
0.000
0.1%
0.001
0.3%
0.003
0.7%
0.008
1.4%
0.017
2.5%
0.036
4.2%
0.069
6.4%
0.122
8.8%
0.198
10.9%
0.297
12.3%
0.413
12.5%
0.539
11.6%
0.660
9.7%
0.767
7.3%
0.852
5.0%
0.913
3.1%
0.953
1.7%
0.977
0.9%
0.989
0.4%
0.996
0.2%
0.998
0.1%
0.999
0.0%
1.000
0.0%
1.000
0.0%
1.000

18%
msft

distribution of monthly returns: Jan/95

16%

KURT=2.0
SKEW=0.47

14%

12%

10%

8%

6%

4%

2%

0%

-10%

212

-16%

bins

-22%

Volatility

in Apr, 2000

-29%

Mean Return

Aug 1/12

-34.36%

-35%

Jan 3/95

Min =

Cumulative Normal Distribution

-20%

-15%

-10%

-5%

-12.75%

70,606

14.72%

58,629

-3.80%

77,381

15.27%

61,680

13.67%

51,153

26.17%

81,689

-14.23%

87,283

19.41%

70,790

-9.28%

58,198

-0.77%

58,290

11.80%

42,956

-4.87%

56,944

7.86%

63,404

-2.15%

48,797

2.19%

54,369

-1.61%

72,829

28.20%

57,886

-16.17%

67,403

-8.69%

69,646

18.91%

90,977

-34.36%

122,959

-10.31%

63,609

27.88%

69,064

-12.75%

65,223

0.00%

56,173

-13.60%

74,979

14.18%

116,995

-16.67%

103,841

-24.38%

107,832

40.75%

99,401

-3.38%

85,342

-7.31%

90,298

23.91%

107,509

2.08%

83,999

5.52%

73,498

-9.32%

72,106

-13.83%

52,687

-10.27%

108,498

13.64%

78,939

10.39%

65,676

3.18%

51,005

-3.83%

68,080

-8.42%

63,117

3.36%

55,857

-13.36%

67,948

-2.55%

67,579

7.45%

96,181

-12.28%

114,821

2.29%

80,632

-10.87%

90,564

22.24%

112,232

7.87%

79,220

-10.38%

63,170

-8.19%

86,930

0.17%

73,871

2.15%

68,728

5.65%

62,152

-3.77%

66,481

4.18%

77,051

3.00%

61,660

0.44%

47,667

4.82%

62,697

-5.44%

63,898

-1.64%

77,670

6.45%

69,030

0.99%

63,636

-4.03%

57,386

-6.06%

77,112

4.84%

77,387

0.40%

58,942

8.84%

77,068

-0.23%

76,667

-3.91%

52,105

1.33%

57,725

1.12%

65,743

6.84%

86,446

-0.35%

84,488

-1.65%

79,643

-3.93%

75,992

-3.95%

72,900

4.69%

77,090

2.28%

62,700

-3.71%

62,957

3.11%

69,047

7.20%

65,530

-6.00%

66,976

-0.13%

72,132

8.00%

71,469

-5.50%

62,892

7.62%

74,173

-4.19%

58,565

1.23%

65,223

-11.25%

107,220

-5.82%

110,427

2.86%

92,940

3.27%

68,628

7.18%

50,460

6.44%

56,588

4.97%

61,492

2.60%

61,545

1.69%

58,945

3.37%

69,924

-8.42%

72,483

-1.04%

59,844

7.43%

51,338

2.82%

64,202

-3.98%

59,648

-1.60%

64,862

-0.58%

55,265

2.57%

61,223

24.92%

85,081

-8.41%

90,499

5.97%

55,002

-8.45%

97,807

-16.23%

122,054

4.32%

74,959

0.51%

69,066

-0.35%

69,932

-2.85%

77,058

-6.51%

77,180

6.53%

59,890

-2.18%

96,892

-16.34%

136,419

-8.88%

95,977

-3.84%

72,426

-12.04%

81,319

-4.86%

81,560

13.72%

78,069

10.29%

78,564

3.75%

57,363

13.80%

67,164

-1.04%

71,442

5.37%

49,659

4.36%

52,501

7.80%

72,582

6.54%

53,121

3.63%

43,297

-7.54%

81,765

2.20%

58,685

2.15%

51,043

4.29%

65,821

-15.15%

89,381

-10.80%

79,676

12.15%

71,054

-8.58%

61,157

4.35%

63,543

8.90%

66,458

-4.70%

68,403

10.48%

48,112

-0.64%

71,313

-3.59%

61,355

-4.50%

59,744

2.09%

81,660

-2.85%

67,822

3.93%

61,377

5.41%

68,187

-2.30%

77,332

-6.45%

63,523

7.02%

60,235

-3.24%

53,693

1.48%

49,265

13.75%

70,272

8.22%

52,183

1.63%

44,278

-0.75%

48,822

-8.23%

47,887

4.79%

48,969

-3.65%

42,106

5.26%

30,797

tion of monthly returns: Jan/95-Aug/12

40%

34%

28%

21%

15%

9%

3%

-4%

-10%

bution of monthly returns: Jan/95-Aug/12

tive Normal Distribution

0%

5%

10%

15%

20%