BUENAVENTURA S A.A.

http://www.buenaventura.com.pe/

INTEGRANTES:

MARIEL CACERES 2008-31903ZEZE POLLOQUERI 2008-31904CINTYA TINTAYA 2007-30438

Al 31 de Diciembre de 2011, 2010, 2009 y 2008(en miles de dólares)

CUENTA 2011

ACTIVO

ACTIVO CORRIENTEEfectivo y Equivalentes al Efectivo 317,101

Otros Activos Financieros 52,178

Cuentas por Cobrar Comerciales (neto) 143,502

Otras Cuentas por Cobrar (neto) 23,022Cuentas por Cobrar a Entidades Relacionadas 28,341Inventarios 79,857Gastos Pagados por Anticipado 10,856Total Activo Corriente 654,857ACTIVO NO CORRIENTE

Otros Activos Financieros 1,781,681Cuentas por Cobrar a Entidades Relacionadas 32,262Propiedades, Planta y Equipo (neto) 268,632Activos por Impuestos a las Ganancias Diferidos 108,022

Otros Activos 1,966Total Activo No Corriente 2,192,563TOTAL ACTIVO 2,847,420

PASIVO Y PATRIMINIOPASIVO CORRIENTEOtros Pasivos Financieros 7,422Cuentas por Pagar Comerciales 77,832Otras Cuentas por Pagar 14,342Cuentas por Pagar a Entidades Relacionadas 29,641Provisiones 32,507

Pasivos por Impuestos a las Ganancias 5,154

Provisión por Beneficios a los Empleados 24,561Total Pasivo Corriente 191,459PASIVO NO CORRIENTEObligaciones Financieras 0

0

COMPAÑIA MINERA BUENAVENTURA S.A.A.

Pasivo por Impuesto a la Renta y Participaciones Diferidos

BALANCE GENERAL

Provisiones 56,358Total Pasivo No Corriente 56,358Total Pasivo 247,817PATRIMONIO NETOCapital Emitido 813,163Primas de Emisión 168,198Acciones de Inversión 2,161Otras Reservas de Capital 162,908Resultados Acumulados 1,453,090Diferencias de conversion e intereses minoritariosOtras Reservas de Patrimonio 83Total Patrimonio Neto 2,599,603TOTAL PASIVO Y PATRIMONIO NETO 2,847,420


2010 2009 2008Análisis Horizontal

Absoluto

ACTIVO

441,990 714454 532027 11.14% 17.30% -124,889

54,577 4838 75598 1.83% 2.14% -2,399

97,309 122950 65,666 5.04% 3.81% 46,193

20,565 14346 23,248 0.81% 0.80% 2,45721,388 21,866 13,111 1.00% 0.84% 6,95348,861 44,987 43,489 2.80% 1.91% 30,9962,213 14,368 35,573 0.38% 0.09% 8,643

686,903 937,809 788,712 23.00% 26.89% -32,046

1,463,595 1,126,167 904411 62.57% 57.29% 318,08626,003 1,457 1,370 1.13% 0.00% 6,259

217,275 443417 357,732 9.43% 8.50% 51,357158,426 261,877 242,148 3.79% 6.20% -50,404

2,649 15832 7551 0.07% 0.10% -6831,867,948 1,848,750 1,513,212 77.00% 73.11% 324,6152,554,851 2,786,559 2,301,924 100.00% 100.00% 292,569PASIVO Y PATRIMINIO

0 79,452 98,190 0.26% 0.00% 7,42248,552 58,233 36,589 2.73% 1.90% 29,28013,043 36,260 26,160 0.50% 0.51% 1,29918,476 0 0 1.04% 0.72% 11,16534,825 38,599 32,449 1.14% 1.36% -2,318

8,351 34,554 20,722 0.18% 0.33% -3,197

16,706 0.86% 0.65% 7,855139,953 247,098 214,110 6.72% 5.48% 51,506

0 151,890 229,105 0.00% 0.00%

0 18,158 32,981 0.00% 0.00%


Análisis Vertical 2011


BALANCE GENERAL

82,255 106,093 88981 1.98% 3.22% -25,89782,255 276,141 351,067 1.98% 3.22% -25,897

222,208 523,239 565,177 8.70% 8.70% 25,609

813,163 750,540 750,540 28.56% 31.83% 0168,198 5.91% 6.58% 02,161 2,019 2019 0.08% 0.08% 0

162,902 225,978 225,978 5.72% 6.38% 61,186,109 1007161 533,863 51.03% 46.43% 266,981

164990 171,071110 112632 53276 0.00% 0.00% -27

2,332,643 2,263,320 1,736,747 91.30% 91.30% 266,9602,554,851 2,786,559 2,301,924 100.00% 100.00% 292,569


Análisis Horizontal

Relativo %

ACTIVO

-28.26%

-4.40%

47.47%

11.95%32.51%63.44%

390.56%-4.67%

21.73%24.07%23.64%

-31.82%

-25.78%17.38%11.45%

PASIVO Y PATRIMINIO

60.31%9.96%60.43%-6.66%

-38.28%

47.02%36.80%

-31.48%-31.48%11.52%

0.00%0.00%0.00%0.00%22.51%

-24.55%11.44%11.45%


CUENTA 2011

Ventas Netas (ingresos operacionales) 1,189,724.00Costo de Ventas (Operacionales) -713,627.00Utilidad Bruta 476,097.00Gastos de Ventas -7,358.00Gastos de Administración -39,352.00Otros Ingresos 208,829.00Otros Gastos -100,498.00Utilidad Operativa 537,718.00Ingresos Financieros 8,967.00Gastos Financieros -6,901.00

0.00

-582.00

539,202.00Participación de los trabajadores 0.00Impuesto a la Renta -117,866.00Utilidad (Perdida) Neta del Ejercicio 421,336.00


Participación en los Resultados de Partes Relacionadas por el Método de ParticipaciónGanancia (Pérdida) por Instrumentos Financieros DerivadosResultado antes de Participaciones y del Impuesto a la Renta

ESTADO DE GANANCIAS Y PÉRDIDAS


2010 2009 2008Análisis Horizontal

Absoluto

808,462.00 881,507.00 815,363.00 100.00% 100.00% 381,262.00-483,480.00 -422,527.00 -371,800.00 -59.98% -59.80% ###324,982.00 458,980.00 443,563.00 40.02% 40.20% 151,115.00-5,934.00 -49,693.00 -51,080.00 -0.62% -0.73% -1,424.00-76,568.00 -118,765.00 -90,138.00 -3.31% -9.47% 37,216.00300,441.00 26,176.00 24,917.00 17.55% 37.16% -91,612.00-53,322.00 -26,948.00 -467,952.00 -8.45% -6.60% -47,176.00489,599.00 289,750.00 -140,690.00 45.20% 60.56% 48,119.006,677.00 7,574.00 17,851.00 0.75% 0.83% 2,290.00

-8,771.00 -15,090.00 -46,132.00 -0.58% -1.08% 1,870.00

0.00 451,306.00 340,929.00 0.00% 0.00% 0.00

-1,173.00 0.00 0.00 -0.05% -0.15% 591.00

486,332.00 733,540.00 171,958.00 45.32% 60.16% 52,870.000.00 -12,592.00 4,725.00 0.00% 0.00% 0.00

-67,522.00 -64,340.00 26,645.00 -9.91% -8.35% -50,344.00418,810.00 656,608.00 203,328.00 35.41% 51.80% 2,526.00




ESTADO DE GANANCIAS Y PÉRDIDAS


Análisis Horizontal

Relativo %

47.16%47.60%46.50%24.00%

-48.61%-30.49%88.47%9.83%

34.30%-21.32%

#DIV/0!

-50.38%

10.87%

74.56%0.60%

49.24%

8.10%

22.28%

3.57%4.40%

12.40%

ACTIVO CORRIENTE 2011 Efectivo y Equivalentes al EfectivoOtros Activos FinancierosCuentas por Cobrar Comerciales (neto)Otras Cuentas por Cobrar (neto)Cuentas por Cobrar a Entidades RelacionadasInventarios

81.26%

1.47%12.25%

4.93% 0.09%

ACTIVO NO CORRIENTE 2011Otros Activos FinancierosCuentas por Cobrar a Entidades RelacionadasPropiedades, Planta y Equipo (neto)Activos por Impuestos a las Ganancias DiferidosOtros Activos

3.88%

40.65%

7.49%

15.48%

16.98%

2.69%

12.83%

PASIVO CORRIENTE 2011 Otros Pasivos Financieros

Cuentas por Pagar Comerciales

Otras Cuentas por Pagar

Cuentas por Pagar a Entidades Relacionadas

Provisiones

Pasivos por Impuestos a las Ganancias

Provisión por Beneficios a los Empleados

GRÁFICOS 2011

3.88%

40.65%

7.49%

15.48%

16.98%

2.69%

12.83%





Provisiones



100.00%

PASIVO NO CORRIENTE 2011

Obligaciones Financieras


Provisiones

31.28%

6.47%

0.08%6.27

%

55.90%

0.00%

PATRIMONIO NETO 2011 Capital Emitido

Primas de Emisión

Acciones de Inversión

Otras Reservas de Capital

Resultados Acumulados

Diferencias de conversion e intereses minoritarios

Otras Reservas de Patrimonio

81.26%

1.47%12.25%

4.93% 0.09%

ACTIVO NO CORRIENTE 2011Otros Activos FinancierosCuentas por Cobrar a Entidades RelacionadasPropiedades, Planta y Equipo (neto)Activos por Impuestos a las Ganancias DiferidosOtros Activos

3.88%

40.65%

7.49%

15.48%

16.98%

2.69%

12.83%





Provisiones



23%

77%

TOTAL ACTIVO 2011

Total Activo CorrienteTotal Activo No Corriente

3.88%

40.65%

7.49%

15.48%

16.98%

2.69%

12.83%





Provisiones



100.00%

PASIVO NO CORRIENTE 2011

Obligaciones Financieras


Provisiones

31.28%

6.47%

0.08%6.27

%

55.90%

0.00%

PATRIMONIO NETO 2011 Capital Emitido

Primas de Emisión




Diferencias de conversion e intereses minoritarios


7%2%

91%

PASIVO - PATRIMONIO 2011

Total Pasivo CorrienteTotal Pasivo No CorrienteTotal Patrimonio Neto

23%

77%

TOTAL ACTIVO 2011

Total Activo CorrienteTotal Activo No Corriente

7%2%

91%

PASIVO - PATRIMONIO 2011

Total Pasivo CorrienteTotal Pasivo No CorrienteTotal Patrimonio Neto

Ratios de Liquidez

2011 2010 2009Total Activos Corriente 654,857 686,903 937,809Total Pasivos Corriente 191,459 139,953 247,098Ratio de Liquidez Corriente 3.42 4.91 3.80

2011 2010 2009Total Activo Corriente menos Inventa 626,516 665,515 915,943Total Pasivos Corriente 191,459 139,953 247,098Ratio Prueba Ácida 3.27 4.76 3.71

2011 2010 2009Total efectivo y bancos 317,101 441,990 714,454Total Pasivos Corriente 191,459 139,953 247,098Ratio de Prueba Defensiva 1.66 3.16 2.89

Se considera directamente solo aquellos activos de reconocida liquidez.

Por cada unidad de financiamiento a corto plazo, la empresa tiene $3,42 en inversión a corto plazo

Se deriva de la anterior ya que de la inversión a corto plazo se le extrae el inventario, por considerarse un activo muy poco líquido.

Por cada unidad monetaria de pasivo a corto plazo, la empresa tiene $3.27 en inversión líquida

Por cada unidad monetaria de deuda a corto plazo, la empresa tiene e $1.66 en activos efectivamente líquidos.

ANÁLISIS DE RATIOS FINANCIEROS

2011 2010 2009Total Activo Corriente 654,857 686,903 937,809Total Pasivos Corriente 191,459 139,953 247,098Capital de trabajo 463,398.00 ### ###

Ratios de Gestión

2011 2010 2009Ventas Netas a crédito 1,189,724 808,462 881,507Cuentas por cobrar 218,702 172,451 142,134Rotación de Cuentas por Cobrar 5.44 4.69 6.20

Al año la empresa cobra en promedio 5 veces por cliente.

2011 2010 2009Días año 365 365 365Rotación Cuentas por cobrar 5.44 4.69 6.20Periodo Promedio cobranza(días 67.10 77.86 58.85

La empresa demora 67 dias para cobrar las cuentas a sus clientes.

2011 2010 2009Costos Ventas Operacionales 713,627 483,480 422,527Inventarios 28,341 21,388 21,866Rotación de inventarios 25.18 22.61 19.32

Al año la empresa da vuelta al inventario 25 veces.

El capital de trabajo de la empresa es de $463,398.00, monto que permite operar y realizar todas las operaciones.

2011 2010 2009Días año 365 365 365Rotación Inventarios 25.18 22.61 19.32Periodo Promedio Inventarios 14.50 16.15 18.89

Vender la mercaderia (metales) a la empresa le demora en promedio 15 días.

2011 2010 2009Compras 436,304 396,153 812,804Cuentas por Pagar Proveedores 77,832.00 48,552.00 58,233.00Rotación de Cuentas por pagar 5.61 8.16 13.96

2011 2010 2009Días Año 365 365 365Rotación Cuentas por Pagar Provee 5.61 8.16 13.96Período Promedio Pagos (Días) 65.11 44.73 26.15

2011 2010 2009

La cantidad de veces en promedio que la empresa a renovado las cuentas por pagar es de 6 veces al año

El número de días que en promedio la empresa demora en pagara a sus proveedores es de 65 días.

Ventas Netas 1,189,724 808,462 881,507Total Activos 2,847,420 2,554,851 2,786,559Rotación Activo Total 0.42 0.32 0.32

La empresa está generando ingresos equivalentes a un cuarto la inversión en activos totales.

2011 2010 2009Período Promedio Cobranza (días) 67.10 77.86 58.85Período Promedio Inventarios (día 14.50 16.15 18.89Ciclo de Operación (Días) 81.59 94.00 77.74

El ciclo de operación de la empresa tiene una duración de 82 días.

Ratios de Apalancamiento

2011 2010 2009Total Pasivos 247,817 222,208 523,239Total Activos 2,847,420 2,554,851 2,786,559Razón de Endeudamiento 0.09 0.09 0.19

2011 2010 2009

El 9% del total de la inversión (activos totales) ha sido financiada con recursos de terceros (endeudamiento)

Total Patrimonio 2,599,603 2,332,643 2,263,320Total Activo 2,847,420 2,554,851 2,786,559Razón de Autonomía 0.91 0.91 0.81

2011 2010 2009Total Pasivos 247,817 222,208 523,239Total Patrimonio 2,599,603 2,332,643 2,263,320Razón de Apalancamiento Extern 0.10 0.10 0.23

2011 2010 2009Total Patrimonio 2,599,603 2,332,643 2,263,320Total Pasivo 247,817 222,208 523,239Razón de Apalancamiento Intern 10.49 10.50 4.33

Ratios de Rentabilidad

2011 2010 2009Utilidad Bruta 476,097 324,982 458,980Ventas 1,189,724 808,462 881,507Margen de Utilidad Bruta 0.40 0.40 0.52

El 91% del total de la inversión (activos totales) ha sido financiada con dinero de los propietarios

Por cada unidad monetaria provista por los propietarios, hay $0.10 obtenidas fuera del negocio.

Por cada unidad monetaria tomada de terceros, hay $10.49 financiados de la inversión de accionistas.

El margen de neto es de 40%, porción del ingreso que permite cubrir todos los gastos diferentes al costo de ventas.

2011 2010 2009Utilidad Operativa 537,718 489,599 289,750Ventas 1,189,724 808,462 881,507Margen de Utilidad de Operació 0.45 0.61 0.33

2011 2010 2009Utilidad Neta 421,336 418,810 656,608Ventas 1,189,724 808,462 881,507Margen de Utilidad Neta 0.35 0.52 0.74

2011 2010 2009Utilidad de Operación 537,718 489,599 289,750Depreciación de Activos Fijos #NAME? #NAME? #NAME?Amortización Intangibles 108,022 158,426 261,877EBITDA #NAME? #NAME? #NAME?

2011 2010 2009Utilidad Neta 421,336 418,810 656,608Total Activos 2,847,420 2,554,851 2,786,559

El margen operativo es de 45%, porción del ingreso que permite medir si la empresa está generando suficiente utilidad para cubrir sus actividades de financiamiento.

El margen de utilidad neta es de 35%, es la ganancia neta o porcentaje que está quedando a los propietarios para operar la empresa.

EL EBITDA o imagen fiel de lo que la empresa está ganando o perdiendo en el núcleo de su negocio es de $

Rendimiento de Activos 0.15 0.16 0.24

2011 2010 2009Utilidad Neta 421,336 418,810 656,608Patrimonio 2,599,603 2,332,643 2,263,320Rendimiento de Patrimonio 0.16 0.18 0.29

2011 2010 2009Utilidad Neta 421,336 418,810 656,608Capital de Trabajo 463,398 546,950 690,711Rendimiento del Capital de Tra 0.91 0.77 0.95

El ROI o rendimiento sobre la inversión es de 15% que mide la efectividad con la cual la gerencia ha manejado los activos bajo su control.

El ROE de la empresa es de 16%, porcentaje que mide la rentabilidad que obtienen los inversionistas

El rendimiento sobre el capital de trabajo de la empresa es de 91%, porcentaje que mide la rentabilidad que obtienen los inversionistas

2008788,712214,110

3.68

2008775,601214,110

3.62

2008532,027214,110

2.48

Se considera directamente solo aquellos activos de reconocida liquidez.

Por cada unidad de financiamiento a corto plazo, la empresa tiene $3,42 en

Se deriva de la anterior ya que de la inversión a corto plazo se le extrae el inventario, por considerarse un activo muy poco líquido.

Por cada unidad monetaria de pasivo a corto plazo, la empresa tiene $3.27 en

Por cada unidad monetaria de deuda a corto plazo, la empresa tiene e $1.66 en

ANÁLISIS DE RATIOS FINANCIEROS

Ratio de Liquidez Corriente0.00

1.00

2.00

3.00

4.00

5.00

2011201020092008

Ratio Prueba Ácida0.00

1.00

2.00

3.00

4.00

5.00

2011201020092008

Ratio de Prueba Defensiva0.000.501.001.502.002.503.003.50

2011201020092008

Capital de trabajo -

100,000.00 200,000.00 300,000.00 400,000.00 500,000.00 600,000.00 700,000.00

2011201020092008

2008788,712214,110

574,602.00

2008815,363164,512

4.96

Al año la empresa cobra en promedio 5 veces por cliente.

2008365

4.9673.64

La empresa demora 67 dias para cobrar las cuentas a sus clientes.

2008371,80013,11128.36

Al año la empresa da vuelta al inventario 25 veces.

El capital de trabajo de la empresa es de $463,398.00, monto que permite operar y


100,000.00 200,000.00 300,000.00 400,000.00 500,000.00 600,000.00 700,000.00

2011201020092008

Rotación de Cuentas por Cobrar0.001.002.003.004.005.006.007.00

2011201020092008

Periodo Promedio cobranza(días)0.00

10.0020.0030.0040.0050.0060.0070.0080.00

2011201020092008

Rotación de inventarios0.005.00

10.0015.0020.0025.0030.00

2011201020092008

2008365

28.3612.87

Vender la mercaderia (metales) a la empresa le demora en promedio 15 días.

2008

2008

2008

La cantidad de veces en promedio que la empresa a renovado las cuentas por pagar es

El número de días que en promedio la empresa demora en pagara a sus proveedores es


10.0015.0020.0025.0030.00

2011201020092008

Periodo Promedio Inventarios0.00

5.00

10.00

15.00

20.00

2011201020092008

Rotación de Cuentas por pagar0.002.004.006.008.00

10.0012.0014.00

201120102009

Período Promedio Pagos (Días)0.00

10.0020.0030.0040.0050.0060.0070.00

201120102009

Rotación Activo Total0.00

0.10

0.20

0.30

0.40

0.50

2011201020092008

815,3632,301,924

0.35

La empresa está generando ingresos equivalentes a un cuarto la inversión en activos totales.

200873.6412.8786.52

El ciclo de operación de la empresa tiene una duración de 82 días.

2008565,177

2,301,9240.25

2008

El 9% del total de la inversión (activos totales) ha sido financiada con recursos


0.10

0.20

0.30

0.40

0.50

2011201020092008

Ciclo de Operación (Días)0.00

20.00

40.00

60.00

80.00

100.00

2011201020092008

Razón de Endeudamiento0.00

0.05

0.10

0.15

0.20

0.25

2011201020092008

Razón de Autonomía0.00

0.20

0.40

0.60

0.80

1.00

2011201020092008

1,736,7472,301,924

0.75

2008565,177

1,736,7470.33

20081,736,747565,177

3.07

2008443,563815,363

0.54

El 91% del total de la inversión (activos totales) ha sido financiada con dinero de

Por cada unidad monetaria provista por los propietarios, hay $0.10 obtenidas fuera

Por cada unidad monetaria tomada de terceros, hay $10.49 financiados de la

El margen de neto es de 40%, porción del ingreso que permite cubrir todos los

Razón de Apalancamiento Externo0.000.050.100.150.200.250.300.35

2011201020092008

Razón de Apalancamiento Interno0.002.004.006.008.00

10.0012.00

2011201020092008


0.20

0.40

0.60

0.80

1.00

2011201020092008

Margen de Utilidad Bruta0.000.100.200.300.400.500.60

2011201020092008

2008-140,690815,363

-0.17

2008203,328815,363

0.25

2008-140,690#NAME?

242,148#NAME?

2008203,328

2,301,924

El margen operativo es de 45%, porción del ingreso que permite medir si la empresa está generando suficiente utilidad para cubrir sus actividades de financiamiento.

El margen de utilidad neta es de 35%, es la ganancia neta o porcentaje que está quedando a los propietarios para operar la empresa.

EL EBITDA o imagen fiel de lo que la empresa está ganando o perdiendo en el núcleo

Margen de Utilidad de Operación-0.20-0.100.000.100.200.300.400.500.600.70

2011201020092008

Margen de Utilidad Neta0.000.100.200.300.400.500.600.700.80

2011201020092008

EBITDA0

2

4

6

8

10

2011201020092008

Rendimiento de Activos 0.00

0.05

0.10

0.15

0.20

0.25

2011201020092008

0.09

2008203,328

1,736,7470.12

2008203,328574,602

0.35

El ROI o rendimiento sobre la inversión es de 15% que mide la efectividad con la cual la gerencia ha manejado los activos bajo su control.

El ROE de la empresa es de 16%, porcentaje que mide la rentabilidad que obtienen

El rendimiento sobre el capital de trabajo de la empresa es de 91%, porcentaje que mide la rentabilidad que obtienen los inversionistas


0.05

0.10

0.15

0.20

0.25

2011201020092008

Rendimiento de Patrimonio0.000.050.100.150.200.250.30

2011201020092008

Rendimiento del Capital de Trabajo0.00

0.20

0.40

0.60

0.80

1.00

2011201020092008

Ratio de Liquidez Corriente0.00

1.00

2.00

3.00

4.00

5.00

2011201020092008

Ratio Prueba Ácida0.00

1.00

2.00

3.00

4.00

5.00

2011201020092008

Ratio de Prueba Defensiva0.000.501.001.502.002.503.003.50

2011201020092008


100,000.00 200,000.00 300,000.00 400,000.00 500,000.00 600,000.00 700,000.00

2011201020092008


100,000.00 200,000.00 300,000.00 400,000.00 500,000.00 600,000.00 700,000.00

2011201020092008

Rotación de Cuentas por Cobrar0.001.002.003.004.005.006.007.00

2011201020092008

Periodo Promedio cobranza(días)0.00

10.0020.0030.0040.0050.0060.0070.0080.00

2011201020092008


10.0015.0020.0025.0030.00

2011201020092008


10.0015.0020.0025.0030.00

2011201020092008

Periodo Promedio Inventarios0.00

5.00

10.00

15.00

20.00

2011201020092008

Rotación de Cuentas por pagar0.002.004.006.008.0010.0012.0014.00

201120102009

Período Promedio Pagos (Días)0.00

10.0020.0030.0040.0050.0060.0070.00

201120102009


0.10

0.20

0.30

0.40

0.50

2011201020092008


0.10

0.20

0.30

0.40

0.50

2011201020092008

Ciclo de Operación (Días)0.00

20.00

40.00

60.00

80.00

100.00

2011201020092008

Razón de Endeudamiento0.00

0.05

0.10

0.15

0.20

0.25

2011201020092008


0.20

0.40

0.60

0.80

1.00

2011201020092008

Razón de Apalancamiento Externo0.000.050.100.150.200.250.300.35

2011201020092008

Razón de Apalancamiento Interno0.002.004.006.008.00

10.0012.00

2011201020092008


0.20

0.40

0.60

0.80

1.00

2011201020092008

Margen de Utilidad Bruta0.000.100.200.300.400.500.60

2011201020092008

Margen de Utilidad de Operación-0.20-0.100.000.100.200.300.400.500.600.70

2011201020092008

Margen de Utilidad Neta0.000.100.200.300.400.500.600.700.80

2011201020092008

EBITDA0

2

4

6

8

10

2011201020092008


0.05

0.10

0.15

0.20

0.25

2011201020092008


0.05

0.10

0.15

0.20

0.25

2011201020092008

Rendimiento de Patrimonio0.000.050.100.150.200.250.30

2011201020092008

Rendimiento del Capital de Trabajo0.00

0.20

0.40

0.60

0.80

1.00

2011201020092008

2011 2010 2009 2008Utilidad Neta 421,336 418,810 656,608 203,328Ventas 1,189,724 808,462 881,507 815,363Margen de Utilidad Neta 35.41% 51.80% 74.49% 24.94%

2011 2010 2009 2008Ventas Netas 1,189,724 808,462 881,507 815,363Total Activos 2,847,420 2,554,851 2,786,559 2,301,924Rotación Activo Total 41.78% 31.64% 31.63% 35.42%

2011 2010 2009 2008Activos total 2,847,420 2,554,851 2,786,559 2,301,924Patrimonio 2,599,603 2,332,643 2,263,320 1,736,747Multiplo de Patrimonio 109.53% 109.53% 123.12% 132.54%

ANÁLISIS DU PONT

2009-2011

Año2011 0.35 0.42 1.102010 0.52 0.32 1.102009 0.74 0.32 1.232008 0.25 0.35 1.33

Margen de Utilidad Neta * Rotación Activo Total * Multiplo Patrimonio =

Utilidad neta 421,336patrimonio 2,599,603Utilidad neta 418,810patrimonio 2,332,643Utilidad neta 656,608patrimonio 2,263,320Utilidad neta 203,328patrimonio 1,736,747

Margen Utilidad Neta

Rotación Activo Total

Multiplo Patrimonio

ROE 2011 =

ROE 2010 =

ROE 2009=

ROE 2008=

ANÁLISIS DU PONT

2009-2011

ROE (%)16.21%17.95%29.01%11.71%

ROE (%)

16.21%

17.95%

29.01%

11.71%

35.41%

Ventas Utilidad Neta1,189,724 421,336

Gasto Total-768,388

Costo de Ventas Ingresos Financieros

-713,627 8,967

Gastos Financieros

-7,358 -6,901

-39,352 0

Otros Gastos

-100,498 -582

Otros ingresos

208,829 0

Impuesto a la Renta

-117,866

Utilidad como % de las Ventas

Gastos Ventas

Gastos Administración

Participacion en los resultados de Partes Relacionadas por el

Método de Participación

Ganancia (Pérdida) por Instrumentos

Financieros Derivados

Participación de los trabajadores

16.21%

Activos2,847,420

Ventas Activos No Corrientes1,189,724 2,192,563

1,781,681 317,101

32,262

268,632

108,022

Otros Activos

1,966

Otros Activos Financieros

Efectivo y Equivalentes al Efectivo

Cuentas por Cobrar a Entidades Relacionadas

Propiedades, Planta y Equipo (neto)

Activos por Impuestos a las Ganancias

Diferidos

Rendimiento sobre la Inversión (ROE) BUENAVENTURA S.A.A - 2011

16.21%

41.78%

Activos Ventas2,847,420 1,189,724

Activos Corrientes654,857

317,101 52,178

143,502

23,022


28,341

Inventarios

79,857

10,856

Rotación de activos

Efectivo y Equivalentes al Efectivo


Cuentas por Cobrar Comerciales (neto)

Otras Cuentas por Cobrar (neto)

Gastos Pagados por Anticipado


16.21%

Activos2,847,420

Activos No Corrientes Activos Corrientes2,192,563 654,857

1,781,681 317,101

32,262

268,632

108,022

Otros Activos

1,966


Efectivo y Equivalentes de efectivo



Activos por Impuestos a las Ganancias

Diferidos

Multiplo Patrimonio

109.53%

Activos Corrientes Capital654,857 981,361

52,178

143,502

23,022

Existencias (neto)

28,341

79,857

Otros Activos

10,856


Otras Cuentas por Cobrar a Partes Relacionadas

(neto)


Gastos Contratados por Anticipado

Patrimonio2,599,603

Reservas1,618,242

Capital Emitido Acciones de Inversión

813,163 2,161

Primas de Emisión

168,198 162,908


1,453,090

83



51.80%

Ventas Utilidad Neta808,462 418,810

Gasto Total Ventas-389,652 808,462


-483,480 6,677

Gastos Financieros

-5,934 -8,771

-76,568 0

Otros Gastos

-53,322 -1,173

Otros ingresos

300,441 0

Impuesto a la Renta

-67,522


Gastos Ventas


resultados de Partes Relacionadas por el

Método de





17.95%

31.64%

Activos2,554,851

Ventas Activos No Corrientes Activos Corrientes808,462 1,867,948 686,903

1,463,595 441,990

26,003

217,275

158,426

Otros Activos

2,649



Efectivo y Equivalentes al

Efectivo



Activos por Impuestos a las

Ganancias Diferidos


17.95%

31.64%

Ventas808,462

Activos Corrientes Activos No Corrientes686,903 1,867,948

54,577 1,463,595

97,309 26,003

20,565 217,275


21,388 158,426

Inventarios Otros Activos

48,861 2,649

0

2,213









Ganancias Diferidos



17.95%

Multiplo Patrimonio

109.53%

Activos2,554,851


441,990 54,577

97,309

20,565

Existencias (neto)

21,388

48,861

Otros Activos

2,213

Efectivo y Equivalentes de

efectivo


Otras Cuentas por Cobrar a Partes

Relacionadas (neto)



Patrimonio2,332,643

Capital Reservas981,361 1,351,282


813,163 2,161

Primas de Emisión

168,198 162,902


1,186,109

110




2,161

162,902


1,186,109

110



74.49%




-422,527 7,574

Gastos Financieros

-49,693 -15,090

-118,765 451,306

Otros Gastos

-26,948 0

Otros ingresos

26,176 -12,592

Impuesto a la Renta

-64,340


Gastos Ventas



Método de





29.01%

31.63%

Activos2,786,559


1,126,167 714,454

1,457

443,417

261,877

Otros Activos

15,832




Efectivo




Ganancias Diferidos


29.01%

31.63%

Ventas881,507


4,838 1,126,167

122,950 1,457

14,346 443,417


21,866 261,877

44,987 Otros Activos

44,987 15,832

0

14,368









Ganancias Diferidos



29.01%

Multiplo Patrimonio

123.12%

Activos2,786,559


714,454 4,838

122,950

14,346

Existencias (neto)

21,866

44,987

Otros Activos

14,368


efectivo



Relacionadas (neto)



Patrimonio2,263,320

Capital Reservas750,540 1,512,780


750,540 2,019

Primas de Emisión

0 225,978


1,007,161

112,632

164,990



Diferencias de conversion e intereses

minoritarios


2,019

225,978


1,007,161

112,632

164,990




minoritarios

24.94%




-371,800 17,851

Gastos Financieros

-51,080 -46,132

-90,138 340,929

Otros Gastos

-467,952 0

Otros ingresos

24,917 4,725

Impuesto a la Renta

26,645


Gastos Ventas



Método de




11.71%

35.42%

Activos2,301,924


904,411 532,027

1,370

357,732

242,148

Otros Activos

7,551




Efectivo




Ganancias Diferidos


11.71%

35.42%

Ventas815,363


75,598 904,411

65,666 1,370

23,248 357,732


13,111 242,148

44,987 Otros Activos

43,489 7,551

35,573









Ganancias Diferidos



11.71%

Multiplo Patrimonio

132.54%

Activos2,301,924


532,027 75,598

65,666

23,248

Existencias (neto)

13,111

43,489

Otros Activos

35,573


efectivo



Relacionadas (neto)



Patrimonio1,736,747

Capital Reservas750,540 986,207


750,540 2,019

Primas de Emisión

0 225,978


533,863

53,276

171,071




minoritarios


2,019

225,978


533,863

53,276

171,071




minoritarios

Información General de la Empresa

Razon Social: Compañía de Minas Buenaventura S.A.ADirección: Av. Carlos Villaran Nro 790, Urb. Santa Catalina, La Victoria - Lima, PerúWeb Site:Fundación 9/7/1953

Nemónico en la BVL Fecha de listado en la BVL Calificación

BUENAVC1 5/3/2002 Categoría 1a (pe)

BUENAVI1 11/6/1979 Categoría 1a (pe)BVN 1/6/1999

Perfil de la empresa

www.buenavanetura.com

Buenaventura se dedica a la exploración (por cuenta propia y asociada con terceros), extracción, concentración y comercialización de minerales polimetálicos. Buenaventura opera seis unidades mineras ubicadas en el Perú (Uchucchacua, Orcopampa, Julcani, Recuperada,

Antapite e Ishihuinca) y tiene el control de dos compañías peruanas que poseen las minas de Colquijirca, Shila y Paula. Asimismo mantiene inversiones en acciones de otras empresas dedicadas a la actividad minera, entre las que se encuentran Minera Yanacocha S.R.L. y

Sociedad Minera Cerro Verde S.A.A.

Fortalezas y Oportunidades- El uso de una tecnología más limpia en el aspecto ambiental.Fuerte énfasis en las políticas de seguridad que beneficien un trabajo seguro.- Altos precios de los metales con tendencia estable.- En el Perú es uno de los países con mayor atracción minera.

Debilidades y Amenazas- Conflicto y diferencia de intereses con las comunidades.- Formación de sindicatos, paralizaciones y huelgas de sus trabajadores.- El precio de los metales puede variar.- Productos sustitutos.

http://www.buenavanetura.com/

Información General de la Empresa

Compañía de Minas Buenaventura S.A.AAv. Carlos Villaran Nro 790, Urb. Santa Catalina, La Victoria - Lima, Perú

9/7/1953

Definición

Perfil de la empresa

Índice 1. Información General2. Perfil de la Empresa3. Información Financiera4. Instrumentos Financieros5. Índices Financieros

Buenaventura se dedica a la exploración (por cuenta propia y asociada con terceros), extracción, concentración y comercialización de minerales polimetálicos. Buenaventura opera seis unidades mineras ubicadas en el Perú (Uchucchacua, Orcopampa, Julcani, Recuperada,

Antapite e Ishihuinca) y tiene el control de dos compañías peruanas que poseen las minas de Colquijirca, Shila y Paula. Asimismo mantiene inversiones en acciones de otras empresas dedicadas a la actividad minera, entre las que se encuentran Minera Yanacocha S.R.L. y

Sociedad Minera Cerro Verde S.A.A.

Debilidades y Amenazas- Conflicto y diferencia de intereses con las comunidades.- Formación de sindicatos, paralizaciones y huelgas de sus trabajadores.- El precio de los metales puede variar.- Productos sustitutos.

Índice 1. Información General2. Perfil de la Empresa3. Información Financiera4. Instrumentos Financieros5. Índices Financieros

Capital Invertido 2011Activo Corriente 654,857Pasivo Corriente 191,459CAPITAL DE TRABAJO 463,398Activo no Corriente 2,192,563Pasivo No Corriente 56,358CAPITAL INVERTIDO 2,599,603

Rendimiento sobre la Inversión 2011 2010Utilidad Neta 421,336.00 418,810.00Total de activos 2,847,420 2,554,851ROI 14.797% 16.393%

WACC = (CAPM*%PATRIMONIO)+(Kd*(1-IR)*%DEUDA)

EVA=(ROI -WACC)*Capital Invertido

Kd 1.9%Proporción Patrimonio 91.30%Proporción Deuda 8.70%WACC (CAPM) 4.76%ROI 14.80%Capital Invertido 2,599,603.00EVA 261,012.66

MEDIDAS DE DESEMPEÑO BUENAVENTURA S.A.A.

Estructura del capitalDeuda 8.70% 247,817Patrimonio 91.30% 2,599,603TOTAL 100.00% 2,847,420

Prom T-BOND 0.0293 Beta 0

S&P 500 0.087Rpaís 0.0215

Interes 0.0278Impuesto Renta 0.3

CAPM= PromT-BOND+Beta*(S&P500 - Prom T BOND)+RPaísCAPM= 0.0508

Kd= i x (1- t)kd= 0.019493012989

El EVA Mide el valor creado por encima del rendimiento esperado del capital invertido


RPRRERCAPM FmF *)(

CAPM= PromT-BOND+Beta*(S&P500 - Prom T BOND)+RPaís


RPRRERCAPM FmF *)(





Kd 2.8%Proporción Patrimonio 91.30%Proporción Deuda 8.70%WACC (CAPM) 4.81%ROI 16.39%Capital Invertido ###EVA 270,268.15






Kd 2.0%Proporción Patrimonio 81.22%Proporción Deuda 18.78%WACC (CAPM) 12.33%ROI 23.56%Capital Invertido ###EVA 254,350.37


Rendimiento sobre la Inversión 2008 2007Utilidad Neta 203,328.00 0.00Total de activos 2,301,924 0ROI 8.833% #DIV/0!



Kd 5.7%Proporción Patrimonio 75.45%

Proporción Deuda 24.55%WACC (CAPM) 12.18%ROI 8.83%Capital Invertido ###EVA -58,209.61


Prom T-BOND 0.0293 Beta 0

S&P 500 0.087Rpaís 0.0215



Kd= i x (1- t)kd= 0.0276304


Prom T-BOND 0.0293 Beta 1.69

S&P 500 0.087



RPRRERCAPM FmF *)(

Rpaís 0.0215Interes 0.0288

Impuesto Renta 0.3


Kd= i x (1- t)kd= 0.0201877


Prom T-BOND 0.0293 Beta 1.69

S&P 500 0.087Rpaís 0.0215



Kd= i x (1- t)kd= 0.0571368


RPRRERCAPM FmF *)(

RPRRERCAPM FmF *)(

RPRRERCAPM FmF *)(

RPRRERCAPM FmF *)(

RPRRERCAPM FmF *)(

Variación de las Cotizaciones BUENAVC1Fecha cotización Cierre Rendimiento

12/1/2011 104.1211/30/2011 103.3 -0.7876%11/29/2011 105.54 2.1684%11/28/2011 105.54 0.0000%11/25/2011 108.41 2.7193%11/24/2011 108 -0.3782%11/23/2011 108 0.0000%11/22/2011 108 0.0000%11/21/2011 106.07 -1.7870%11/18/2011 106.6 0.4997%11/17/2011 109.5 2.7205%11/16/2011 116.87 6.7306%11/15/2011 115 -1.6001%11/14/2011 118.01 2.6174%11/11/2011 118 -0.0085%11/10/2011 116.3 -1.4407%11/9/2011 119 2.3216%11/8/2011 123 3.3613%11/7/2011 121 -1.6260%11/4/2011 116 -4.1322%11/3/2011 117.7 1.4655%11/2/2011 114.95 -2.3364%10/31/2011 110 -4.3062%10/28/2011 116 5.4545%10/27/2011 116 0.0000%10/26/2011 114 -1.7241%10/25/2011 112.5 -1.3158%10/24/2011 107.03 -4.8622%10/21/2011 104.06 -2.7749%

ANÁLISIS DE RIESGO BUENAVC1

10/20/2011 103.5 -0.5382%10/19/2011 106 2.4155%10/18/2011 110.6 4.3396%10/17/2011 110.6 0.0000%10/14/2011 111.9 1.1754%10/13/2011 111.9 0.0000%10/12/2011 115.15 2.9044%10/11/2011 113.3 -1.6066%10/10/2011 110.71 -2.2860%10/7/2011 101.1 -8.6803%10/6/2011 101.1 0.0000%10/5/2011 100.1 -0.9891%10/4/2011 100.1 0.0000%10/3/2011 105.81 5.7043%9/30/2011 104.5 -1.2381%9/29/2011 104.45 -0.0478%9/28/2011 106 1.4840%9/27/2011 107.5 1.4151%9/26/2011 107.5 0.0000%9/23/2011 107.5 0.0000%9/22/2011 119 10.6977%9/21/2011 134 12.6050%9/20/2011 128 -4.4776%9/19/2011 125.5 -1.9531%9/16/2011 125 -0.3984%9/15/2011 125.6 0.4800%9/14/2011 125.6 0.0000%9/13/2011 125.6 0.0000%9/12/2011 121 -3.6624%9/9/2011 125.5 3.7190%9/8/2011 126.9 1.1155%9/7/2011 126.9 0.0000%9/6/2011 128.1 0.9456%9/5/2011 129 0.7026%9/2/2011 129 0.0000%9/1/2011 127.5 -1.1628%8/31/2011 127.5 0.0000%8/29/2011 125 -1.9608%8/26/2011 126 0.8000%8/25/2011 126 0.0000%8/24/2011 122.4 -2.8571%8/23/2011 125 2.1242%8/22/2011 126.4 1.1200%

8/19/2011 120.05 -5.0237%8/18/2011 116.1 -3.2903%8/17/2011 117.7 1.3781%8/16/2011 111.8 -5.0127%8/15/2011 115 2.8623%8/12/2011 112.75 -1.9565%8/11/2011 112.75 0.0000%8/10/2011 112.75 0.0000%8/9/2011 112.3 -0.3991%8/8/2011 112.3 0.0000%8/5/2011 109.6 -2.4043%8/4/2011 109.6 0.0000%8/3/2011 115.35 5.2464%8/2/2011 115.35 0.0000%8/1/2011 112.65 -2.3407%7/27/2011 112.65 0.0000%7/26/2011 115.1 2.1749%7/25/2011 115.1 0.0000%7/22/2011 115 -0.0869%7/21/2011 113.01 -1.7304%7/20/2011 113.01 0.0000%7/19/2011 113.01 0.0000%7/18/2011 113 -0.0088%7/15/2011 108 -4.4248%7/14/2011 106.65 -1.2500%7/13/2011 104.5 -2.0159%7/12/2011 101.6 -2.7751%7/11/2011 101 -0.5906%7/8/2011 101.05 0.0495%7/7/2011 102 0.9401%7/6/2011 102 0.0000%7/5/2011 103 0.9804%7/4/2011 103 0.0000%7/1/2011 103 0.0000%6/30/2011 103 0.0000%6/28/2011 102.05 -0.9223%6/27/2011 102.3 0.2450%6/24/2011 102.3 0.0000%6/23/2011 103.9 1.5640%6/22/2011 103.63 -0.2599%6/21/2011 100.03 -3.4739%6/20/2011 101 0.9697%6/17/2011 101 0.0000%

6/16/2011 100.8 -0.1980%6/15/2011 103.5 2.6786%6/14/2011 103 -0.4831%6/13/2011 103 0.0000%6/10/2011 102.5 -0.4854%6/9/2011 101.01 -1.4537%6/8/2011 101.01 0.0000%6/7/2011 100 -0.9999%6/6/2011 116 16.0000%6/3/2011 116 0.0000%6/2/2011 120 3.4483%6/1/2011 116.5 -2.9167%5/31/2011 119.7 2.7468%5/30/2011 120 0.2506%5/27/2011 120 0.0000%5/26/2011 117 -2.5000%5/25/2011 114 -2.5641%5/24/2011 114 0.0000%5/23/2011 111.67 -2.0439%5/20/2011 108 -3.2865%5/19/2011 108 0.0000%5/18/2011 109.5 1.3889%5/17/2011 109.34 -0.1461%5/16/2011 109.34 0.0000%5/13/2011 107 -2.1401%5/12/2011 112 4.6729%5/11/2011 110 -1.7857%5/10/2011 115 4.5455%5/9/2011 112 -2.6087%5/6/2011 112 0.0000%5/5/2011 111.75 -0.2232%5/4/2011 114 2.0134%5/3/2011 112 -1.7544%5/2/2011 116 3.5714%4/29/2011 116 0.0000%4/28/2011 111.75 -3.6638%4/27/2011 108.2 -3.1767%4/26/2011 108.2 0.0000%4/25/2011 108.2 0.0000%4/20/2011 108 -0.1848%4/19/2011 108 0.0000%4/18/2011 106.15 -1.7130%4/15/2011 110 3.6269%

4/14/2011 110 0.0000%4/13/2011 100.01 -9.0818%4/12/2011 113 12.9887%4/11/2011 119 5.3097%4/8/2011 120 0.8403%4/7/2011 121 0.8333%4/6/2011 121.8 0.6612%4/5/2011 120 -1.4778%4/4/2011 119.1 -0.7500%4/1/2011 119.1 0.0000%3/31/2011 119.1 0.0000%3/30/2011 119.1 0.0000%3/29/2011 119.1 0.0000%3/28/2011 119.1 0.0000%3/25/2011 123.1 3.3585%3/24/2011 123.1 0.0000%3/23/2011 123.1 0.0000%3/22/2011 118.05 -4.1024%3/21/2011 118.05 0.0000%3/18/2011 118.05 0.0000%3/17/2011 117.2 -0.7200%3/16/2011 117.2 0.0000%3/15/2011 122.3 4.3515%3/14/2011 122.3 0.0000%3/11/2011 122.3 0.0000%3/10/2011 122.3 0.0000%3/9/2011 122.3 0.0000%3/8/2011 121.55 -0.6132%3/7/2011 130 6.9519%3/4/2011 130 0.0000%3/3/2011 130 0.0000%3/2/2011 130.65 0.5000%3/1/2011 130.65 0.0000%2/28/2011 127 -2.7937%2/25/2011 125.38 -1.2756%2/24/2011 129.5 3.2860%2/23/2011 129.5 0.0000%2/22/2011 124.6 -3.7838%2/21/2011 125 0.3210%2/18/2011 118.3 -5.3600%2/17/2011 118.3 0.0000%2/16/2011 115.75 -2.1555%2/15/2011 115.75 0.0000%

2/14/2011 115.75 0.0000%2/11/2011 115.75 0.0000%2/10/2011 115.75 0.0000%2/9/2011 115.75 0.0000%2/8/2011 122 5.3996%2/7/2011 125.15 2.5820%2/4/2011 125.15 0.0000%2/3/2011 125.15 0.0000%2/2/2011 114 -8.9093%2/1/2011 114 0.0000%1/31/2011 114 0.0000%1/28/2011 116.7 2.3684%1/27/2011 120 2.8278%1/26/2011 121 0.8333%1/25/2011 114 -5.7851%1/24/2011 114.1 0.0877%1/21/2011 114 -0.0876%1/20/2011 123 7.8947%1/19/2011 123 0.0000%1/18/2011 123 0.0000%1/17/2011 123 0.0000%1/14/2011 123 0.0000%1/13/2011 123 0.0000%1/12/2011 124 0.8130%1/11/2011 126 1.6129%1/10/2011 126 0.0000%1/7/2011 127.6 1.2698%1/6/2011 126.2 -1.0972%1/5/2011 130.8 3.6450%1/4/2011 132 0.9174%1/3/2011 136 3.0303%10/1/2010 129.5 -4.7794%9/30/2010 126.6 -2.2394%9/29/2010 124 -2.0537%9/28/2010 120.5 -2.8226%9/27/2010 115 -4.5643%9/24/2010 115.2 0.1739%9/23/2010 117 1.5625%9/22/2010 117 0.0000%9/21/2010 116.5 -0.4274%9/20/2010 116.5 0.0000%9/17/2010 114 -2.1459%9/16/2010 116.5 2.1930%

9/15/2010 116.81 0.2661%9/14/2010 116.81 0.0000%9/13/2010 114.7 -1.8064%9/10/2010 114.2 -0.4359%9/9/2010 114.2 0.0000%9/8/2010 114.2 0.0000%9/7/2010 116 1.5762%9/6/2010 116 0.0000%9/3/2010 116 0.0000%9/2/2010 116 0.0000%9/1/2010 116 0.0000%8/31/2010 114.1 -1.6379%8/27/2010 112.2 -1.6652%8/26/2010 110.2 -1.7825%8/25/2010 109 -1.0889%8/24/2010 104 -4.5872%8/23/2010 105 0.9615%8/20/2010 105.5 0.4762%8/19/2010 105.5 0.0000%8/18/2010 106.6 1.0427%8/17/2010 104.9 -1.5947%8/16/2010 104.9 0.0000%8/13/2010 103 -1.8112%8/12/2010 103 0.0000%8/11/2010 100.5 -2.4272%8/10/2010 101.5 0.9950%8/9/2010 103 1.4778%8/6/2010 103 0.0000%8/5/2010 103 0.0000%8/4/2010 107.51 4.3786%8/3/2010 107.51 0.0000%8/2/2010 107.51 0.0000%7/30/2010 110.05 2.3626%7/27/2010 105 -4.5888%7/26/2010 111 5.7143%7/23/2010 111 0.0000%7/22/2010 111 0.0000%7/21/2010 110 -0.9009%7/20/2010 110 0.0000%7/19/2010 111 0.9091%7/16/2010 111 0.0000%7/15/2010 111 0.0000%7/14/2010 111 0.0000%

7/13/2010 111 0.0000%7/12/2010 110 -0.9009%7/9/2010 110 0.0000%7/8/2010 106 -3.6364%7/7/2010 106 0.0000%7/6/2010 104 -1.8868%7/5/2010 102 -1.9231%7/2/2010 102 0.0000%7/1/2010 102 0.0000%6/30/2010 109.55 7.4020%6/28/2010 113.5 3.6057%6/25/2010 113.5 0.0000%6/24/2010 111.65 -1.6300%6/23/2010 109 -2.3735%6/22/2010 109 0.0000%6/21/2010 111 1.8349%6/18/2010 113 1.8018%6/17/2010 111.33 -1.4779%6/16/2010 111.33 0.0000%6/15/2010 109 -2.0929%6/14/2010 109 0.0000%6/11/2010 109 0.0000%6/10/2010 107.92 -0.9908%6/9/2010 107.92 0.0000%6/8/2010 107 -0.8525%6/7/2010 106 -0.9346%6/4/2010 103.5 -2.3585%6/3/2010 103.15 -0.3382%6/2/2010 104 0.8240%6/1/2010 103.5 -0.4808%5/31/2010 103.45 -0.0483%5/28/2010 103.45 0.0000%5/27/2010 100.55 -2.8033%5/26/2010 100.1 -0.4475%5/25/2010 100 -0.0999%5/24/2010 100 0.0000%5/21/2010 100 0.0000%5/20/2010 96.6 -3.4000%5/19/2010 104.4 8.0745%5/18/2010 104.4 0.0000%5/17/2010 104.2 -0.1916%5/14/2010 104.6 0.3839%5/13/2010 104.6 0.0000%

5/12/2010 104 -0.5736%5/11/2010 103 -0.9615%5/10/2010 96 -6.7961%5/7/2010 93.5 -2.6042%5/6/2010 91.49 -2.1497%5/5/2010 91.49 0.0000%5/4/2010 91.49 0.0000%5/3/2010 93.03 1.6832%4/30/2010 94.5 1.5801%4/29/2010 87.9 -6.9841%4/28/2010 87.9 0.0000%4/27/2010 87.9 0.0000%4/26/2010 87.9 0.0000%4/23/2010 87.9 0.0000%4/22/2010 87.9 0.0000%4/21/2010 88 0.1138%4/20/2010 89 1.1364%4/19/2010 90 1.1236%4/16/2010 90 0.0000%4/15/2010 92 2.2222%4/14/2010 93.65 1.7935%4/13/2010 92.87 -0.8329%4/12/2010 97.99 5.5131%4/9/2010 98 0.0102%4/8/2010 98 0.0000%4/7/2010 98 0.0000%4/6/2010 93.5 -4.5918%4/5/2010 93 -0.5348%3/31/2010 88.9 -4.4086%3/30/2010 87.5 -1.5748%3/29/2010 87.5 0.0000%3/26/2010 87.5 0.0000%3/25/2010 87.5 0.0000%3/24/2010 88 0.5714%3/23/2010 88 0.0000%3/22/2010 88 0.0000%3/19/2010 90.6 2.9545%3/18/2010 92.1 1.6556%3/17/2010 94.2 2.2801%3/16/2010 92.1 -2.2293%3/15/2010 90 -2.2801%3/12/2010 92 2.2222%3/11/2010 92 0.0000%

3/10/2010 92 0.0000%3/9/2010 94.2 2.3913%3/8/2010 96 1.9108%3/5/2010 96 0.0000%3/4/2010 96 0.0000%3/3/2010 97.3 1.3542%3/2/2010 97.3 0.0000%3/1/2010 95.65 -1.6958%2/26/2010 95 -0.6796%2/25/2010 95.49 0.5158%2/24/2010 95.49 0.0000%2/23/2010 95.49 0.0000%2/22/2010 94.5 -1.0368%2/19/2010 94.5 0.0000%2/18/2010 93 -1.5873%2/17/2010 96 3.2258%2/16/2010 96 0.0000%2/15/2010 96 0.0000%2/12/2010 96 0.0000%2/11/2010 94.4 -1.6667%2/10/2010 90.5 -4.1314%2/9/2010 90.5 0.0000%2/8/2010 86 -4.9724%2/5/2010 85 -1.1628%2/4/2010 88 3.5294%2/3/2010 91.7 4.2045%2/2/2010 94 2.5082%2/1/2010 95 1.0638%1/29/2010 92.2 -2.9474%1/28/2010 92.5 0.3254%1/27/2010 92.5 0.0000%1/26/2010 92.5 0.0000%1/25/2010 92.9 0.4324%1/22/2010 92.45 -0.4844%1/21/2010 92.45 0.0000%1/20/2010 98 6.0032%1/19/2010 102.5 4.5918%1/18/2010 99 -3.4146%1/15/2010 99.77 0.7778%1/14/2010 103 3.2374%1/13/2010 105.5 2.4272%1/12/2010 104.35 -1.0900%1/11/2010 109 4.4562%

1/8/2010 109 0.0000%1/7/2010 109 0.0000%1/6/2010 108 -0.9174%1/5/2010 104.75 -3.0093%1/4/2010 100 -4.5346%12/1/2009 118.05 18.0500%11/30/2009 117 -0.8895%11/27/2009 117.5 0.4274%11/26/2009 120 2.1277%11/25/2009 120 0.0000%11/24/2009 117.8 -1.8333%11/23/2009 118 0.1698%11/20/2009 114.75 -2.7542%11/19/2009 114 -0.6536%11/18/2009 112.43 -1.3772%11/17/2009 108.2 -3.7623%11/16/2009 114.5 5.8226%11/13/2009 105.17 -8.1485%11/12/2009 105.8 0.5990%11/11/2009 112 5.8601%11/10/2009 111 -0.8929%11/9/2009 110 -0.9009%11/6/2009 106.5 -3.1818%11/5/2009 105.5 -0.9390%11/4/2009 108 2.3697%11/3/2009 108 0.0000%11/2/2009 100 -7.4074%10/30/2009 100 0.0000%10/29/2009 108 8.0000%10/28/2009 100 -7.4074%10/27/2009 104.55 4.5500%10/26/2009 103.3 -1.1956%10/23/2009 106 2.6137%10/22/2009 107 0.9434%10/21/2009 108.65 1.5421%10/20/2009 105.25 -3.1293%10/19/2009 106.5 1.1876%10/16/2009 111 4.2254%10/15/2009 111 0.0000%10/14/2009 112 0.9009%10/13/2009 105 -6.2500%10/12/2009 110 4.7619%10/9/2009 109.1 -0.8182%

10/7/2009 105.2 -3.5747%10/6/2009 105 -0.1901%10/5/2009 98.3 -6.3810%10/2/2009 96 -2.3398%10/1/2009 101 5.2083%9/30/2009 101 0.0000%9/29/2009 99 -1.9802%9/28/2009 98.3 -0.7071%9/25/2009 98.3 0.0000%9/24/2009 98.3 0.0000%9/23/2009 98.3 0.0000%9/22/2009 99 0.7121%9/21/2009 97.3 -1.7172%9/18/2009 99.55 2.3124%9/17/2009 99.1 -0.4520%9/16/2009 98.75 -0.3532%9/15/2009 92.4 -6.4304%9/14/2009 88.56 -4.1558%9/11/2009 90 1.6260%9/10/2009 90 0.0000%9/9/2009 89.7 -0.3333%9/8/2009 89.7 0.0000%9/7/2009 83 -7.4693%9/4/2009 82 -1.2048%9/3/2009 82 0.0000%9/2/2009 76 -7.3171%9/1/2009 74 -2.6316%8/31/2009 75.85 2.5000%8/28/2009 75.6 -0.3296%8/27/2009 75.6 0.0000%8/26/2009 75.6 0.0000%8/25/2009 75.6 0.0000%8/24/2009 76.2 0.7937%8/21/2009 76.2 0.0000%8/20/2009 76.2 0.0000%8/19/2009 75.8 -0.5249%8/18/2009 74.7 -1.4512%8/17/2009 74.7 0.0000%8/14/2009 74.7 0.0000%8/13/2009 77 3.0790%8/12/2009 75.91 -1.4156%8/11/2009 80.18 5.6251%8/10/2009 80.18 0.0000%

8/7/2009 80.18 0.0000%8/6/2009 80.18 0.0000%8/5/2009 80.18 0.0000%8/4/2009 82 2.2699%8/3/2009 79 -3.6585%7/31/2009 76.65 -2.9747%7/30/2009 75.1 -2.0222%7/24/2009 73.6 -1.9973%7/23/2009 74 0.5435%7/22/2009 73.99 -0.0135%7/21/2009 68 -8.0957%7/20/2009 68 0.0000%7/17/2009 67.95 -0.0735%7/16/2009 67 -1.3981%7/15/2009 66 -1.4925%7/14/2009 66 0.0000%7/13/2009 66 0.0000%7/10/2009 66 0.0000%7/9/2009 69 4.5455%7/8/2009 66.11 -4.1884%7/7/2009 70 5.8841%7/6/2009 71.2 1.7143%7/3/2009 73.5 3.2303%7/2/2009 71.51 -2.7075%7/1/2009 71.51 0.0000%6/30/2009 71.51 0.0000%6/26/2009 76.5 6.9780%6/25/2009 77.88 1.8039%6/24/2009 73.9 -5.1104%6/23/2009 67.65 -8.4574%6/22/2009 67.65 0.0000%6/19/2009 73.7 8.9431%6/18/2009 73.6 -0.1357%6/17/2009 74 0.5435%6/16/2009 77 4.0541%6/15/2009 76.4 -0.7792%6/12/2009 82.25 7.6571%6/11/2009 82.25 0.0000%6/10/2009 83 0.9119%6/9/2009 81.18 -2.1928%6/8/2009 77.9 -4.0404%6/5/2009 80.1 2.8241%6/4/2009 83.95 4.8065%

6/3/2009 81.75 -2.6206%6/2/2009 85.5 4.5872%6/1/2009 84.2 -1.5205%5/29/2009 84.2 0.0000%5/28/2009 84.2 0.0000%5/27/2009 80.61 -4.2637%5/26/2009 82.25 2.0345%5/25/2009 84.3 2.4924%5/22/2009 84.3 0.0000%5/21/2009 81.9 -2.8470%5/20/2009 80.4 -1.8315%5/19/2009 78.3 -2.6119%5/18/2009 74.6 -4.7254%5/15/2009 77.28 3.5925%5/14/2009 77.1 -0.2329%5/13/2009 79.4 2.9831%5/12/2009 75 -5.5416%5/11/2009 72.7 -3.0667%5/8/2009 72.9 0.2751%5/7/2009 71.9 -1.3717%5/6/2009 74.05 2.9903%5/5/2009 64.1 -13.4369%5/4/2009 64.1 0.0000%4/30/2009 64.1 0.0000%4/29/2009 68.79 7.3167%4/28/2009 67.4 -2.0206%4/27/2009 69.2 2.6706%4/24/2009 68 -1.7341%4/23/2009 65 -4.4118%4/22/2009 63.6 -2.1538%4/21/2009 63.6 0.0000%4/20/2009 65 2.2013%4/17/2009 65 0.0000%4/16/2009 67.18 3.3538%4/15/2009 70.25 4.5698%4/14/2009 70.65 0.5694%4/13/2009 70.97 0.4529%4/8/2009 70.92 -0.0705%4/7/2009 70.4 -0.7332%4/6/2009 68.4 -2.8409%4/3/2009 73 6.7251%4/2/2009 75.6 3.5616%4/1/2009 78.6 3.9683%

3/31/2009 76.5 -2.6718%3/30/2009 74.5 -2.6144%3/27/2009 73.49 -1.3557%3/26/2009 75 2.0547%3/25/2009 70 -6.6667%3/24/2009 72.97 4.2429%3/23/2009 75.82 3.9057%3/20/2009 69.2 -8.7312%3/19/2009 69.3 0.1445%3/18/2009 63.07 -8.9899%3/17/2009 57.5 -8.8315%3/16/2009 63.3 10.0870%3/13/2009 64 1.1058%3/12/2009 61.8 -3.4375%3/11/2009 59.5 -3.7217%3/10/2009 57 -4.2017%3/9/2009 61.8 8.4211%3/6/2009 61.8 0.0000%3/5/2009 60.8 -1.6181%3/4/2009 59.15 -2.7138%3/3/2009 59.3 0.2536%3/2/2009 56.85 -4.1315%2/27/2009 63.3 11.3456%2/26/2009 64 1.1058%2/25/2009 64 0.0000%2/24/2009 63.9 -0.1563%2/23/2009 69.9 9.3897%2/20/2009 70.21 0.4435%2/19/2009 70.2 -0.0142%2/18/2009 67.2 -4.2735%2/17/2009 67.2 0.0000%2/16/2009 67.2 0.0000%2/13/2009 67.2 0.0000%2/12/2009 69.2 2.9762%2/11/2009 69.51 0.4480%2/10/2009 64.75 -6.8479%2/9/2009 67.21 3.7992%2/6/2009 67.4 0.2827%2/5/2009 62 -8.0119%2/4/2009 56.3 -9.1935%2/3/2009 56.3 0.0000%2/2/2009 60.4 7.2824%1/30/2009 60.4 0.0000%

1/29/2009 60 -0.6623%1/28/2009 60 0.0000%1/27/2009 60 0.0000%1/26/2009 59.7 -0.5000%1/23/2009 59.7 0.0000%1/22/2009 52.7 -11.7253%1/21/2009 53.1 0.7590%1/20/2009 53.1 0.0000%1/19/2009 52.95 -0.2825%1/16/2009 52.95 0.0000%1/15/2009 49.5 -6.5156%1/14/2009 45.05 -8.9899%1/13/2009 52.95 17.5361%1/12/2009 53 0.0944%1/9/2009 54.8 3.3962%1/8/2009 54.8 0.0000%1/7/2009 53 -3.2847%1/6/2009 59 11.3208%1/5/2009 63.99 8.4576%12/1/2008 46 -28.1138%11/28/2008 52 13.0435%11/27/2008 50 -3.8462%11/26/2008 50 0.0000%11/25/2008 48.25 -3.5000%11/24/2008 44 -8.8083%11/19/2008 35.91 -18.3864%11/18/2008 36.85 2.6177%11/17/2008 42.32 14.8440%11/14/2008 42.32 0.0000%11/13/2008 42.32 0.0000%11/12/2008 37.9 -10.4442%11/11/2008 42.1 11.0818%11/10/2008 44.58 5.8907%11/7/2008 40.75 -8.5913%11/6/2008 44.85 10.0613%11/5/2008 44.85 0.0000%11/4/2008 40.65 -9.3645%11/3/2008 40.65 0.0000%10/31/2008 37.95 -6.6421%10/30/2008 36 -5.1383%10/29/2008 34.15 -5.1389%10/28/2008 33 -3.3675%10/27/2008 35.65 8.0303%

10/24/2008 35.65 0.0000%10/23/2008 44 23.4222%10/22/2008 45.85 4.2045%10/21/2008 47.96 4.6020%10/20/2008 47.96 0.0000%10/17/2008 44 -8.2569%10/16/2008 50.01 13.6591%10/15/2008 53.25 6.4787%10/14/2008 57.25 7.5117%10/13/2008 57.25 0.0000%10/10/2008 52 -9.1703%10/9/2008 62.8 20.7692%10/7/2008 61.92 -1.4013%10/6/2008 61.92 0.0000%10/3/2008 66 6.5891%10/2/2008 66 0.0000%10/1/2008 72.55 9.9242%9/30/2008 70.4 -2.9635%9/29/2008 68 -3.4091%9/26/2008 68 0.0000%9/25/2008 67.4 -0.8824%9/24/2008 67.4 0.0000%9/23/2008 70.54 4.6588%9/22/2008 69.5 -1.4743%9/19/2008 68 -2.1583%9/18/2008 64.5 -5.1471%9/17/2008 58.9 -8.6822%9/16/2008 54.3 -7.8098%9/15/2008 52.35 -3.5912%9/12/2008 51 -2.5788%9/11/2008 51 0.0000%9/10/2008 51 0.0000%9/9/2008 57.5 12.7451%9/8/2008 57.5 0.0000%9/5/2008 57 -0.8696%9/4/2008 57 0.0000%9/3/2008 62.12 8.9825%9/2/2008 64.17 3.3001%9/1/2008 67.48 5.1582%8/29/2008 67.48 0.0000%8/28/2008 69.5 2.9935%8/27/2008 66.2 -4.7482%8/26/2008 66 -0.3021%

8/25/2008 66 0.0000%8/22/2008 66 0.0000%8/21/2008 63 -4.5455%8/20/2008 63 0.0000%8/19/2008 67.6 7.3016%8/18/2008 63.35 -6.2870%8/15/2008 63.35 0.0000%8/14/2008 62.7 -1.0260%8/13/2008 64.85 3.4290%8/12/2008 60.2 -7.1704%8/11/2008 64.75 7.5581%8/8/2008 64.75 0.0000%8/7/2008 64.75 0.0000%8/6/2008 70 8.1081%8/5/2008 70 0.0000%8/4/2008 70 0.0000%8/1/2008 76.05 8.6429%7/31/2008 76.05 0.0000%7/30/2008 78.53 3.2610%7/1/2008 195.4 148.8221%6/30/2008 195.4 0.0000%6/27/2008 193.5 -0.9724%6/26/2008 185.5 -4.1344%6/25/2008 179.8 -3.0728%6/24/2008 179.8 0.0000%6/23/2008 178.9 -0.5006%6/20/2008 182.5 2.0123%6/19/2008 184 0.8219%6/18/2008 180 -2.1739%6/17/2008 182 1.1111%6/16/2008 182.36 0.1978%6/13/2008 178 -2.3909%6/12/2008 178 0.0000%6/11/2008 179 0.5618%6/10/2008 178 -0.5587%6/9/2008 188 5.6180%6/6/2008 193 2.6596%6/5/2008 190 -1.5544%6/4/2008 190 0.0000%6/3/2008 190 0.0000%6/2/2008 195 2.6316%5/30/2008 185.6 -4.8205%5/29/2008 186.7 0.5927%

5/28/2008 187.4 0.3749%5/27/2008 187.4 0.0000%5/26/2008 184 -1.8143%5/23/2008 184 0.0000%5/22/2008 187.99 2.1685%5/21/2008 188 0.0053%5/20/2008 188.5 0.2660%5/19/2008 185.15 -1.7772%5/14/2008 170.7 -7.8045%5/13/2008 178 4.2765%5/12/2008 178 0.0000%5/9/2008 178.78 0.4382%5/8/2008 185.25 3.6190%5/7/2008 186 0.4049%5/6/2008 183.25 -1.4785%5/5/2008 181.85 -0.7640%5/2/2008 181.85 0.0000%4/30/2008 181.85 0.0000%4/29/2008 177 -2.6670%4/28/2008 175.91 -0.6158%4/25/2008 175.91 0.0000%4/24/2008 170.75 -2.9333%4/23/2008 188.87 10.6120%4/22/2008 185 -2.0490%4/21/2008 198 7.0270%4/18/2008 201 1.5152%4/17/2008 201 0.0000%4/16/2008 197.9 -1.5423%4/15/2008 192 -2.9813%4/14/2008 190 -1.0417%4/11/2008 191.25 0.6579%4/10/2008 191.25 0.0000%4/9/2008 191.25 0.0000%4/8/2008 192.5 0.6536%4/7/2008 192.5 0.0000%4/4/2008 186.6 -3.0649%4/3/2008 186.6 0.0000%4/2/2008 186.5 -0.0536%4/1/2008 184.99 -0.8097%3/31/2008 188.15 1.7082%3/28/2008 202 7.3611%3/27/2008 206 1.9802%3/26/2008 204 -0.9709%

3/25/2008 210 2.9412%3/24/2008 217.01 3.3381%3/19/2008 217.01 0.0000%3/18/2008 227.5 4.8339%3/17/2008 229.35 0.8132%3/14/2008 237.4 3.5099%3/13/2008 225 -5.2233%3/12/2008 220 -2.2222%3/11/2008 215.7 -1.9545%3/10/2008 213.5 -1.0199%3/7/2008 216 1.1710%3/6/2008 224.85 4.0972%3/5/2008 222 -1.2675%3/4/2008 224.5 1.1261%3/3/2008 224.5 0.0000%2/29/2008 216 -3.7862%2/28/2008 221 2.3148%2/27/2008 209 -5.4299%2/26/2008 205 -1.9139%2/25/2008 206 0.4878%2/22/2008 206 0.0000%2/21/2008 210 1.9417%2/20/2008 214.4 2.0952%2/19/2008 199.5 -6.9496%2/18/2008 199.1 -0.2005%2/15/2008 199.1 0.0000%2/14/2008 199.1 0.0000%2/13/2008 200 0.4520%2/12/2008 198 -1.0000%2/11/2008 198 0.0000%2/8/2008 201.25 1.6414%2/7/2008 196 -2.6087%2/6/2008 184.7 -5.7653%2/5/2008 194.8 5.4683%2/4/2008 194.8 0.0000%2/1/2008 194.8 0.0000%1/31/2008 194.8 0.0000%1/30/2008 194.9 0.0513%1/29/2008 194.9 0.0000%1/28/2008 193.5 -0.7183%1/25/2008 191.5 -1.0336%1/24/2008 174.5 -8.8773%1/23/2008 172.9 -0.9169%

1/22/2008 180 4.1064%1/21/2008 174.99 -2.7833%1/18/2008 179.3 2.4630%1/17/2008 197.5 10.1506%1/16/2008 197.5 0.0000%1/15/2008 197.5 0.0000%1/14/2008 197.5 0.0000%1/11/2008 198 0.2532%1/10/2008 192 -3.0303%1/9/2008 192 0.0000%1/8/2008 189.8 -1.1458%1/7/2008 186 -2.0021%1/4/2008 186 0.0000%1/3/2008 186 0.0000%1/2/2008 180.6 -2.9032%

PRECIO DE LAS ACCIONESStock Precio S/.

BUENAVC1 109BUENAVI1 89.42

Promedio 0.206%

Desviación Estandar 6.390%

Prueba Z -0.032277

Probabilidad Pérdida 0.4871255371449

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/20110

50

100

150

200

250


12/1/201111/30/201111/29/201111/28/201111/25/201111/24/201111/23/201111/22/201111/21/201111/18/201111/17/201111/16/201111/15/2011

Fecha cotización

28/04/07

14/11/07

01/06/08

18/12/08

06/07/09

22/01/10

10/08/10

26/02/11

14/09/11

01/04/12

0

50

100

150

200

250

f(x) = − 0.0162285269203083 x + 759.942907767275R² = 0.0268797020124666

Column C

Linear (Column C)

Fechas

Coti

zacion

es

11/14/201111/11/201111/10/201111/9/201111/8/201111/7/201111/4/201111/3/201111/2/201110/31/201110/28/201110/27/201110/26/201110/25/201110/24/201110/21/201110/20/201110/19/201110/18/201110/17/201110/14/201110/13/201110/12/201110/11/201110/10/201110/7/201110/6/201110/5/201110/4/201110/3/20119/30/20119/29/20119/28/20119/27/20119/26/20119/23/20119/22/20119/21/20119/20/20119/19/20119/16/20119/15/20119/14/2011

9/13/20119/12/20119/9/20119/8/20119/7/20119/6/20119/5/20119/2/20119/1/20118/31/20118/29/20118/26/20118/25/20118/24/20118/23/20118/22/20118/19/20118/18/20118/17/20118/16/20118/15/20118/12/20118/11/20118/10/20118/9/20118/8/20118/5/20118/4/20118/3/20118/2/20118/1/20117/27/20117/26/20117/25/20117/22/20117/21/20117/20/20117/19/20117/18/20117/15/20117/14/20117/13/20117/12/2011

7/11/20117/8/20117/7/20117/6/20117/5/20117/4/20117/1/20116/30/20116/28/20116/27/20116/24/20116/23/20116/22/20116/21/20116/20/20116/17/20116/16/20116/15/20116/14/20116/13/20116/10/20116/9/20116/8/20116/7/20116/6/20116/3/20116/2/20116/1/20115/31/20115/30/20115/27/20115/26/20115/25/20115/24/20115/23/20115/20/20115/19/20115/18/20115/17/20115/16/20115/13/20115/12/20115/11/2011

5/10/20115/9/20115/6/20115/5/20115/4/20115/3/20115/2/20114/29/20114/28/20114/27/20114/26/20114/25/20114/20/20114/19/20114/18/20114/15/20114/14/20114/13/20114/12/20114/11/20114/8/20114/7/20114/6/20114/5/20114/4/20114/1/20113/31/20113/30/20113/29/20113/28/20113/25/20113/24/20113/23/20113/22/20113/21/20113/18/20113/17/20113/16/20113/15/20113/14/20113/11/20113/10/20113/9/2011

3/8/20113/7/20113/4/20113/3/20113/2/20113/1/20112/28/20112/25/20112/24/20112/23/20112/22/20112/21/20112/18/20112/17/20112/16/20112/15/20112/14/20112/11/20112/10/20112/9/20112/8/20112/7/20112/4/20112/3/20112/2/20112/1/20111/31/20111/28/20111/27/20111/26/20111/25/20111/24/20111/21/20111/20/20111/19/20111/18/20111/17/20111/14/20111/13/20111/12/20111/11/20111/10/20111/7/2011

1/6/20111/5/20111/4/20111/3/201110/1/20109/30/20109/29/20109/28/20109/27/20109/24/20109/23/20109/22/20109/21/20109/20/20109/17/20109/16/20109/15/20109/14/20109/13/20109/10/20109/9/20109/8/20109/7/20109/6/20109/3/20109/2/20109/1/20108/31/20108/27/20108/26/20108/25/20108/24/20108/23/20108/20/20108/19/20108/18/20108/17/20108/16/20108/13/20108/12/20108/11/20108/10/20108/9/2010

8/6/20108/5/20108/4/20108/3/20108/2/20107/30/20107/27/20107/26/20107/23/20107/22/20107/21/20107/20/20107/19/20107/16/20107/15/20107/14/20107/13/20107/12/20107/9/20107/8/20107/7/20107/6/20107/5/20107/2/20107/1/20106/30/20106/28/20106/25/20106/24/20106/23/20106/22/20106/21/20106/18/20106/17/20106/16/20106/15/20106/14/20106/11/20106/10/20106/9/20106/8/20106/7/20106/4/2010

6/3/20106/2/20106/1/20105/31/20105/28/20105/27/20105/26/20105/25/20105/24/20105/21/20105/20/20105/19/20105/18/20105/17/20105/14/20105/13/20105/12/20105/11/20105/10/20105/7/20105/6/20105/5/20105/4/20105/3/20104/30/20104/29/20104/28/20104/27/20104/26/20104/23/20104/22/20104/21/20104/20/20104/19/20104/16/20104/15/20104/14/20104/13/20104/12/20104/9/20104/8/20104/7/20104/6/2010

4/5/20103/31/20103/30/20103/29/20103/26/20103/25/20103/24/20103/23/20103/22/20103/19/20103/18/20103/17/20103/16/20103/15/20103/12/20103/11/20103/10/20103/9/20103/8/20103/5/20103/4/20103/3/20103/2/20103/1/20102/26/20102/25/20102/24/20102/23/20102/22/20102/19/20102/18/20102/17/20102/16/20102/15/20102/12/20102/11/20102/10/20102/9/20102/8/20102/5/20102/4/20102/3/20102/2/2010

2/1/20101/29/20101/28/20101/27/20101/26/20101/25/20101/22/20101/21/20101/20/20101/19/20101/18/20101/15/20101/14/20101/13/20101/12/20101/11/20101/8/20101/7/20101/6/20101/5/20101/4/201012/1/200911/30/200911/27/200911/26/200911/25/200911/24/200911/23/200911/20/200911/19/200911/18/200911/17/200911/16/200911/13/200911/12/200911/11/200911/10/200911/9/200911/6/200911/5/200911/4/200911/3/200911/2/2009

10/30/200910/29/200910/28/200910/27/200910/26/200910/23/200910/22/200910/21/200910/20/200910/19/200910/16/200910/15/200910/14/200910/13/200910/12/200910/9/200910/7/200910/6/200910/5/200910/2/200910/1/20099/30/20099/29/20099/28/20099/25/20099/24/20099/23/20099/22/20099/21/20099/18/20099/17/20099/16/20099/15/20099/14/20099/11/20099/10/20099/9/20099/8/20099/7/20099/4/20099/3/20099/2/20099/1/2009

8/31/20098/28/20098/27/20098/26/20098/25/20098/24/20098/21/20098/20/20098/19/20098/18/20098/17/20098/14/20098/13/20098/12/20098/11/20098/10/20098/7/20098/6/20098/5/20098/4/20098/3/20097/31/20097/30/20097/24/20097/23/20097/22/20097/21/20097/20/20097/17/20097/16/20097/15/20097/14/20097/13/20097/10/20097/9/20097/8/20097/7/20097/6/20097/3/20097/2/20097/1/20096/30/20096/26/2009

6/25/20096/24/20096/23/20096/22/20096/19/20096/18/20096/17/20096/16/20096/15/20096/12/20096/11/20096/10/20096/9/20096/8/20096/5/20096/4/20096/3/20096/2/20096/1/20095/29/20095/28/20095/27/20095/26/20095/25/20095/22/20095/21/20095/20/20095/19/20095/18/20095/15/20095/14/20095/13/20095/12/20095/11/20095/8/20095/7/20095/6/20095/5/20095/4/20094/30/20094/29/20094/28/20094/27/2009

4/24/20094/23/20094/22/20094/21/20094/20/20094/17/20094/16/20094/15/20094/14/20094/13/20094/8/20094/7/20094/6/20094/3/20094/2/20094/1/20093/31/20093/30/20093/27/20093/26/20093/25/20093/24/20093/23/20093/20/20093/19/20093/18/20093/17/20093/16/20093/13/20093/12/20093/11/20093/10/20093/9/20093/6/20093/5/20093/4/20093/3/20093/2/20092/27/20092/26/20092/25/20092/24/20092/23/2009

2/20/20092/19/20092/18/20092/17/20092/16/20092/13/20092/12/20092/11/20092/10/20092/9/20092/6/20092/5/20092/4/20092/3/20092/2/20091/30/20091/29/20091/28/20091/27/20091/26/20091/23/20091/22/20091/21/20091/20/20091/19/20091/16/20091/15/20091/14/20091/13/20091/12/20091/9/20091/8/20091/7/20091/6/20091/5/200912/1/200811/28/200811/27/200811/26/200811/25/200811/24/200811/19/200811/18/2008

11/17/200811/14/200811/13/200811/12/200811/11/200811/10/200811/7/200811/6/200811/5/200811/4/200811/3/200810/31/200810/30/200810/29/200810/28/200810/27/200810/24/200810/23/200810/22/200810/21/200810/20/200810/17/200810/16/200810/15/200810/14/200810/13/200810/10/200810/9/200810/7/200810/6/200810/3/200810/2/200810/1/20089/30/20089/29/20089/26/20089/25/20089/24/20089/23/20089/22/20089/19/20089/18/20089/17/2008

9/16/20089/15/20089/12/20089/11/20089/10/20089/9/20089/8/20089/5/20089/4/20089/3/20089/2/20089/1/20088/29/20088/28/20088/27/20088/26/20088/25/20088/22/20088/21/20088/20/20088/19/20088/18/20088/15/20088/14/20088/13/20088/12/20088/11/20088/8/20088/7/20088/6/20088/5/20088/4/20088/1/20087/31/20087/30/20087/1/20086/30/20086/27/20086/26/20086/25/20086/24/20086/23/20086/20/2008

6/19/20086/18/20086/17/20086/16/20086/13/20086/12/20086/11/20086/10/20086/9/20086/6/20086/5/20086/4/20086/3/20086/2/20085/30/20085/29/20085/28/20085/27/20085/26/20085/23/20085/22/20085/21/20085/20/20085/19/20085/14/20085/13/20085/12/20085/9/20085/8/20085/7/20085/6/20085/5/20085/2/20084/30/20084/29/20084/28/20084/25/20084/24/20084/23/20084/22/20084/21/20084/18/20084/17/2008

4/16/20084/15/20084/14/20084/11/20084/10/20084/9/20084/8/20084/7/20084/4/20084/3/20084/2/20084/1/20083/31/20083/28/20083/27/20083/26/20083/25/20083/24/20083/19/20083/18/20083/17/20083/14/20083/13/20083/12/20083/11/20083/10/20083/7/20083/6/20083/5/20083/4/20083/3/20082/29/20082/28/20082/27/20082/26/20082/25/20082/22/20082/21/20082/20/20082/19/20082/18/20082/15/20082/14/2008

2/13/20082/12/20082/11/20082/8/20082/7/20082/6/20082/5/20082/4/20082/1/20081/31/20081/30/20081/29/20081/28/20081/25/20081/24/20081/23/20081/22/20081/21/20081/18/20081/17/20081/16/20081/15/20081/14/20081/11/20081/10/20081/9/20081/8/20081/7/20081/4/20081/3/20081/2/2008

Cotizaciones Históricas de las Acciones de BUENAVC1 (4 años)

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/20110

50

100

150

200

250


Gráfica 2

Rendimiento

0.0000%-0.7876%2.1684%0.0000%2.7193%-0.3782% Gráfica del Rendimiento de las Acciones0.0000%0.0000%-1.7870%0.4997%2.7205%6.7306%-1.6001%

28/04/07

14/11/07

01/06/08

18/12/08

06/07/09

22/01/10

10/08/10

26/02/11

14/09/11

01/04/12

0

50

100

150

200

250

f(x) = − 0.0162285269203083 x + 759.942907767275R² = 0.0268797020124666

Column C

Linear (Column C)

Fechas

Coti

zacion

es

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-40.0000%

-20.0000%

0.0000%

20.0000%

40.0000%

60.0000%

80.0000%

100.0000%

120.0000%

140.0000%

160.0000%

2.6174%-0.0085%-1.4407%2.3216%3.3613%-1.6260%-4.1322%1.4655%-2.3364%-4.3062%5.4545%0.0000%-1.7241%-1.3158%-4.8622%-2.7749%-0.5382%2.4155%4.3396%0.0000%1.1754%0.0000%2.9044%-1.6066%-2.2860%-8.6803%0.0000%-0.9891%0.0000%5.7043%-1.2381%-0.0478%1.4840%1.4151%0.0000%0.0000%10.6977%12.6050%-4.4776%-1.9531%-0.3984%0.4800%0.0000%

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-40.0000%

-20.0000%

0.0000%

20.0000%

40.0000%

60.0000%

80.0000%

100.0000%

120.0000%

140.0000%

160.0000%

0.0000%-3.6624%3.7190%1.1155%0.0000%0.9456%0.7026%0.0000%-1.1628%0.0000%-1.9608%0.8000%0.0000%-2.8571%2.1242%1.1200%-5.0237%-3.2903%1.3781%-5.0127%2.8623%-1.9565%0.0000%0.0000%-0.3991%0.0000%-2.4043%0.0000%5.2464%0.0000%-2.3407%0.0000%2.1749%0.0000%-0.0869%-1.7304%0.0000%0.0000%-0.0088%-4.4248%-1.2500%-2.0159%-2.7751%

-0.5906%0.0495%0.9401%0.0000%0.9804%0.0000%0.0000%0.0000%-0.9223%0.2450%0.0000%1.5640%-0.2599%-3.4739%0.9697%0.0000%-0.1980%2.6786%-0.4831%0.0000%-0.4854%-1.4537%0.0000%-0.9999%16.0000%0.0000%3.4483%-2.9167%2.7468%0.2506%0.0000%-2.5000%-2.5641%0.0000%-2.0439%-3.2865%0.0000%1.3889%-0.1461%0.0000%-2.1401%4.6729%-1.7857%

4.5455%-2.6087%0.0000%-0.2232%2.0134%-1.7544%3.5714%0.0000%-3.6638%-3.1767%0.0000%0.0000%-0.1848%0.0000%-1.7130%3.6269%0.0000%-9.0818%12.9887%5.3097%0.8403%0.8333%0.6612%-1.4778%-0.7500%0.0000%0.0000%0.0000%0.0000%0.0000%3.3585%0.0000%0.0000%-4.1024%0.0000%0.0000%-0.7200%0.0000%4.3515%0.0000%0.0000%0.0000%0.0000%

-0.6132%6.9519%0.0000%0.0000%0.5000%0.0000%-2.7937%-1.2756%3.2860%0.0000%-3.7838%0.3210%-5.3600%0.0000%-2.1555%0.0000%0.0000%0.0000%0.0000%0.0000%5.3996%2.5820%0.0000%0.0000%-8.9093%0.0000%0.0000%2.3684%2.8278%0.8333%-5.7851%0.0877%-0.0876%7.8947%0.0000%0.0000%0.0000%0.0000%0.0000%0.8130%1.6129%0.0000%1.2698%

-1.0972%3.6450%0.9174%3.0303%-4.7794%-2.2394%-2.0537%-2.8226%-4.5643%0.1739%1.5625%0.0000%-0.4274%0.0000%-2.1459%2.1930%0.2661%0.0000%-1.8064%-0.4359%0.0000%0.0000%1.5762%0.0000%0.0000%0.0000%0.0000%-1.6379%-1.6652%-1.7825%-1.0889%-4.5872%0.9615%0.4762%0.0000%1.0427%-1.5947%0.0000%-1.8112%0.0000%-2.4272%0.9950%1.4778%

0.0000%0.0000%4.3786%0.0000%0.0000%2.3626%-4.5888%5.7143%0.0000%0.0000%-0.9009%0.0000%0.9091%0.0000%0.0000%0.0000%0.0000%-0.9009%0.0000%-3.6364%0.0000%-1.8868%-1.9231%0.0000%0.0000%7.4020%3.6057%0.0000%-1.6300%-2.3735%0.0000%1.8349%1.8018%-1.4779%0.0000%-2.0929%0.0000%0.0000%-0.9908%0.0000%-0.8525%-0.9346%-2.3585%

-0.3382%0.8240%-0.4808%-0.0483%0.0000%-2.8033%-0.4475%-0.0999%0.0000%0.0000%-3.4000%8.0745%0.0000%-0.1916%0.3839%0.0000%-0.5736%-0.9615%-6.7961%-2.6042%-2.1497%0.0000%0.0000%1.6832%1.5801%-6.9841%0.0000%0.0000%0.0000%0.0000%0.0000%0.1138%1.1364%1.1236%0.0000%2.2222%1.7935%-0.8329%5.5131%0.0102%0.0000%0.0000%-4.5918%

-0.5348%-4.4086%-1.5748%0.0000%0.0000%0.0000%0.5714%0.0000%0.0000%2.9545%1.6556%2.2801%-2.2293%-2.2801%2.2222%0.0000%0.0000%2.3913%1.9108%0.0000%0.0000%1.3542%0.0000%-1.6958%-0.6796%0.5158%0.0000%0.0000%-1.0368%0.0000%-1.5873%3.2258%0.0000%0.0000%0.0000%-1.6667%-4.1314%0.0000%-4.9724%-1.1628%3.5294%4.2045%2.5082%

1.0638%-2.9474%0.3254%0.0000%0.0000%0.4324%-0.4844%0.0000%6.0032%4.5918%-3.4146%0.7778%3.2374%2.4272%-1.0900%4.4562%0.0000%0.0000%-0.9174%-3.0093%-4.5346%18.0500%-0.8895%0.4274%2.1277%0.0000%-1.8333%0.1698%-2.7542%-0.6536%-1.3772%-3.7623%5.8226%-8.1485%0.5990%5.8601%-0.8929%-0.9009%-3.1818%-0.9390%2.3697%0.0000%-7.4074%

0.0000%8.0000%-7.4074%4.5500%-1.1956%2.6137%0.9434%1.5421%-3.1293%1.1876%4.2254%0.0000%0.9009%-6.2500%4.7619%-0.8182%-3.5747%-0.1901%-6.3810%-2.3398%5.2083%0.0000%-1.9802%-0.7071%0.0000%0.0000%0.0000%0.7121%-1.7172%2.3124%-0.4520%-0.3532%-6.4304%-4.1558%1.6260%0.0000%-0.3333%0.0000%-7.4693%-1.2048%0.0000%-7.3171%-2.6316%

2.5000%-0.3296%0.0000%0.0000%0.0000%0.7937%0.0000%0.0000%-0.5249%-1.4512%0.0000%0.0000%3.0790%-1.4156%5.6251%0.0000%0.0000%0.0000%0.0000%2.2699%-3.6585%-2.9747%-2.0222%-1.9973%0.5435%-0.0135%-8.0957%0.0000%-0.0735%-1.3981%-1.4925%0.0000%0.0000%0.0000%4.5455%-4.1884%5.8841%1.7143%3.2303%-2.7075%0.0000%0.0000%6.9780%

1.8039%-5.1104%-8.4574%0.0000%8.9431%-0.1357%0.5435%4.0541%-0.7792%7.6571%0.0000%0.9119%-2.1928%-4.0404%2.8241%4.8065%-2.6206%4.5872%-1.5205%0.0000%0.0000%-4.2637%2.0345%2.4924%0.0000%-2.8470%-1.8315%-2.6119%-4.7254%3.5925%-0.2329%2.9831%-5.5416%-3.0667%0.2751%-1.3717%2.9903%

-13.4369%0.0000%0.0000%7.3167%-2.0206%2.6706%

-1.7341%-4.4118%-2.1538%0.0000%2.2013%0.0000%3.3538%4.5698%0.5694%0.4529%-0.0705%-0.7332%-2.8409%6.7251%3.5616%3.9683%-2.6718%-2.6144%-1.3557%2.0547%-6.6667%4.2429%3.9057%-8.7312%0.1445%-8.9899%-8.8315%10.0870%1.1058%-3.4375%-3.7217%-4.2017%8.4211%0.0000%-1.6181%-2.7138%0.2536%-4.1315%11.3456%1.1058%0.0000%-0.1563%9.3897%

0.4435%-0.0142%-4.2735%0.0000%0.0000%0.0000%2.9762%0.4480%-6.8479%3.7992%0.2827%-8.0119%-9.1935%0.0000%7.2824%0.0000%-0.6623%0.0000%0.0000%-0.5000%0.0000%

-11.7253%0.7590%0.0000%-0.2825%0.0000%-6.5156%-8.9899%17.5361%0.0944%3.3962%0.0000%-3.2847%11.3208%8.4576%

-28.1138%13.0435%-3.8462%0.0000%-3.5000%-8.8083%-18.3864%2.6177%

14.8440%0.0000%0.0000%

-10.4442%11.0818%5.8907%-8.5913%10.0613%0.0000%-9.3645%0.0000%-6.6421%-5.1383%-5.1389%-3.3675%8.0303%0.0000%23.4222%4.2045%4.6020%0.0000%-8.2569%13.6591%6.4787%7.5117%0.0000%-9.1703%20.7692%-1.4013%0.0000%6.5891%0.0000%9.9242%-2.9635%-3.4091%0.0000%-0.8824%0.0000%4.6588%-1.4743%-2.1583%-5.1471%-8.6822%

-7.8098%-3.5912%-2.5788%0.0000%0.0000%12.7451%0.0000%-0.8696%0.0000%8.9825%3.3001%5.1582%0.0000%2.9935%-4.7482%-0.3021%0.0000%0.0000%-4.5455%0.0000%7.3016%-6.2870%0.0000%-1.0260%3.4290%-7.1704%7.5581%0.0000%0.0000%8.1081%0.0000%0.0000%8.6429%0.0000%3.2610%

148.8221%0.0000%-0.9724%-4.1344%-3.0728%0.0000%-0.5006%2.0123%

0.8219%-2.1739%1.1111%0.1978%-2.3909%0.0000%0.5618%-0.5587%5.6180%2.6596%-1.5544%0.0000%0.0000%2.6316%-4.8205%0.5927%0.3749%0.0000%-1.8143%0.0000%2.1685%0.0053%0.2660%-1.7772%-7.8045%4.2765%0.0000%0.4382%3.6190%0.4049%-1.4785%-0.7640%0.0000%0.0000%-2.6670%-0.6158%0.0000%-2.9333%10.6120%-2.0490%7.0270%1.5152%0.0000%

-1.5423%-2.9813%-1.0417%0.6579%0.0000%0.0000%0.6536%0.0000%-3.0649%0.0000%-0.0536%-0.8097%1.7082%7.3611%1.9802%-0.9709%2.9412%3.3381%0.0000%4.8339%0.8132%3.5099%-5.2233%-2.2222%-1.9545%-1.0199%1.1710%4.0972%-1.2675%1.1261%0.0000%-3.7862%2.3148%-5.4299%-1.9139%0.4878%0.0000%1.9417%2.0952%-6.9496%-0.2005%0.0000%0.0000%

0.4520%-1.0000%0.0000%1.6414%-2.6087%-5.7653%5.4683%0.0000%0.0000%0.0000%0.0513%0.0000%-0.7183%-1.0336%-8.8773%-0.9169%4.1064%-2.7833%2.4630%10.1506%0.0000%0.0000%0.0000%0.2532%-3.0303%0.0000%-1.1458%-2.0021%0.0000%0.0000%-2.9032%

Cotizaciones Históricas de las Acciones de BUENAVC1 (4 años)

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/20110

50

100

150

200

250

Gráfica del Rendimiento de las Acciones

28/04/07

14/11/07

01/06/08

18/12/08

06/07/09

22/01/10

10/08/10

26/02/11

14/09/11

01/04/12

0

50

100

150

200

250

f(x) = − 0.0162285269203083 x + 759.942907767275R² = 0.0268797020124666

Column C

Linear (Column C)

Fechas

Coti

zacion

es

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-40.0000%

-20.0000%

0.0000%

20.0000%

40.0000%

60.0000%

80.0000%

100.0000%

120.0000%

140.0000%

160.0000%

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-40.0000%

-20.0000%

0.0000%

20.0000%

40.0000%

60.0000%

80.0000%

100.0000%

120.0000%

140.0000%

160.0000%

Variación de las Cotizaciones BUENAVI1Fecha cotización Cierre Rendimiento

12/1/2011 101.411/30/2011 101.4 0.0000%11/29/2011 101.4 0.0000%11/28/2011 104.5 3.0572%11/25/2011 104.5 0.0000%11/24/2011 104.5 0.0000%11/23/2011 104.5 0.0000%11/22/2011 104.5 0.0000%11/21/2011 104.5 0.0000%11/18/2011 104.5 0.0000%11/17/2011 104.5 0.0000%11/16/2011 104.5 0.0000%11/15/2011 104.5 0.0000%11/14/2011 104.5 0.0000%11/11/2011 104.5 0.0000%11/10/2011 104.5 0.0000%11/9/2011 104.5 0.0000%11/8/2011 104.5 0.0000%11/7/2011 104.6 0.0957%11/4/2011 104.6 0.0000%11/3/2011 104.6 0.0000%11/2/2011 104.6 0.0000%10/31/2011 104.6 0.0000%10/28/2011 104.6 0.0000%10/27/2011 104.6 0.0000%10/26/2011 104.6 0.0000%10/25/2011 104.6 0.0000%10/24/2011 104.6 0.0000%10/21/2011 104.6 0.0000%

ANÁLISIS DE RIESGO BUENAVI1

10/20/2011 104.6 0.0000%10/19/2011 104.6 0.0000%10/18/2011 105 0.3824%10/17/2011 105 0.0000%10/14/2011 105 0.0000%10/13/2011 105 0.0000%10/12/2011 105 0.0000%10/11/2011 105 0.0000%10/10/2011 105 0.0000%10/7/2011 105 0.0000%10/6/2011 105 0.0000%10/5/2011 105 0.0000%10/4/2011 105 0.0000%10/3/2011 105 0.0000%9/30/2011 105 0.0000%9/29/2011 105 0.0000%9/28/2011 105 0.0000%9/27/2011 105 0.0000%9/26/2011 105 0.0000%9/23/2011 105 0.0000%9/22/2011 105 0.0000%9/21/2011 105 0.0000%9/20/2011 105 0.0000%9/19/2011 102.5 -2.3810%9/16/2011 102.5 0.0000%9/15/2011 102.5 0.0000%9/14/2011 102.5 0.0000%9/13/2011 102.5 0.0000%9/12/2011 102.5 0.0000%9/9/2011 102.5 0.0000%9/8/2011 102.5 0.0000%9/7/2011 102.5 0.0000%9/6/2011 102.5 0.0000%9/5/2011 102.5 0.0000%9/2/2011 102.5 0.0000%9/1/2011 102.5 0.0000%8/31/2011 102.5 0.0000%8/29/2011 102.5 0.0000%8/26/2011 102.5 0.0000%8/25/2011 102.5 0.0000%8/24/2011 102.5 0.0000%8/23/2011 102.5 0.0000%8/22/2011 102.5 0.0000%

8/19/2011 102.5 0.0000%8/18/2011 100 -2.4390%8/17/2011 100 0.0000%8/16/2011 100 0.0000%8/15/2011 100 0.0000%8/12/2011 100 0.0000%8/11/2011 100 0.0000%8/10/2011 100 0.0000%8/9/2011 98 -2.0000%8/8/2011 98 0.0000%8/5/2011 98 0.0000%8/4/2011 98 0.0000%8/3/2011 98 0.0000%8/2/2011 98 0.0000%8/1/2011 98 0.0000%7/27/2011 98 0.0000%7/26/2011 98 0.0000%7/25/2011 98 0.0000%7/22/2011 98 0.0000%7/21/2011 98 0.0000%7/20/2011 98 0.0000%7/19/2011 98 0.0000%7/18/2011 98 0.0000%7/15/2011 100 2.0408%7/14/2011 100 0.0000%7/13/2011 100 0.0000%7/12/2011 100 0.0000%7/11/2011 100 0.0000%7/8/2011 100 0.0000%7/7/2011 100 0.0000%7/6/2011 100 0.0000%7/5/2011 100 0.0000%7/4/2011 100 0.0000%7/1/2011 100 0.0000%6/30/2011 100 0.0000%6/28/2011 100 0.0000%6/27/2011 100 0.0000%6/24/2011 100 0.0000%6/23/2011 100 0.0000%6/22/2011 100 0.0000%6/21/2011 100 0.0000%6/20/2011 100 0.0000%6/17/2011 100 0.0000%

6/16/2011 100 0.0000%6/15/2011 100 0.0000%6/14/2011 100 0.0000%6/13/2011 100 0.0000%6/10/2011 100 0.0000%6/9/2011 100 0.0000%6/8/2011 100 0.0000%6/7/2011 100 0.0000%6/6/2011 100 0.0000%6/3/2011 100 0.0000%6/2/2011 100 0.0000%6/1/2011 100 0.0000%5/31/2011 100 0.0000%5/30/2011 100 0.0000%5/27/2011 100 0.0000%5/26/2011 100 0.0000%5/25/2011 100 0.0000%5/24/2011 100 0.0000%5/23/2011 100 0.0000%5/20/2011 100 0.0000%5/19/2011 100 0.0000%5/18/2011 100 0.0000%5/17/2011 100 0.0000%5/16/2011 100 0.0000%5/13/2011 100 0.0000%5/12/2011 100 0.0000%5/11/2011 100 0.0000%5/10/2011 100 0.0000%5/9/2011 100 0.0000%5/6/2011 100 0.0000%5/5/2011 100 0.0000%5/4/2011 100 0.0000%5/3/2011 100 0.0000%5/2/2011 100 0.0000%4/29/2011 100 0.0000%4/28/2011 100 0.0000%4/27/2011 100 0.0000%4/26/2011 100 0.0000%4/25/2011 100 0.0000%4/20/2011 100 0.0000%4/19/2011 100 0.0000%4/18/2011 100 0.0000%4/15/2011 100 0.0000%

4/14/2011 100 0.0000%4/13/2011 100 0.0000%4/12/2011 100 0.0000%4/11/2011 100 0.0000%4/8/2011 100 0.0000%4/7/2011 100 0.0000%4/6/2011 100 0.0000%4/5/2011 100 0.0000%4/4/2011 100 0.0000%4/1/2011 100 0.0000%3/31/2011 100 0.0000%3/30/2011 100 0.0000%3/29/2011 100 0.0000%3/28/2011 100 0.0000%3/25/2011 100 0.0000%3/24/2011 100 0.0000%3/23/2011 100 0.0000%3/22/2011 100 0.0000%3/21/2011 100 0.0000%3/18/2011 100 0.0000%3/17/2011 100 0.0000%3/16/2011 100 0.0000%3/15/2011 100 0.0000%3/14/2011 100 0.0000%3/11/2011 100 0.0000%3/10/2011 100 0.0000%3/9/2011 100 0.0000%3/8/2011 100 0.0000%3/7/2011 100 0.0000%3/4/2011 100 0.0000%3/3/2011 100 0.0000%3/2/2011 100 0.0000%3/1/2011 100 0.0000%2/28/2011 105 5.0000%2/25/2011 105 0.0000%2/24/2011 105 0.0000%2/23/2011 105 0.0000%2/22/2011 103 -1.9048%2/21/2011 103 0.0000%2/18/2011 103 0.0000%2/17/2011 101 -1.9417%2/16/2011 101 0.0000%2/15/2011 101 0.0000%

2/14/2011 100 -0.9901%2/11/2011 100 0.0000%2/10/2011 100 0.0000%2/9/2011 100 0.0000%2/8/2011 100 0.0000%2/7/2011 100 0.0000%2/4/2011 100 0.0000%2/3/2011 100 0.0000%2/2/2011 100 0.0000%2/1/2011 100 0.0000%1/31/2011 100 0.0000%1/28/2011 100 0.0000%1/27/2011 105 5.0000%1/26/2011 105 0.0000%1/25/2011 105 0.0000%1/24/2011 105 0.0000%1/21/2011 105 0.0000%1/20/2011 105 0.0000%1/19/2011 105 0.0000%1/18/2011 105 0.0000%1/17/2011 105 0.0000%1/14/2011 105 0.0000%1/13/2011 105 0.0000%1/12/2011 105 0.0000%1/11/2011 105 0.0000%1/10/2011 105 0.0000%1/7/2011 105 0.0000%1/6/2011 105 0.0000%1/5/2011 105 0.0000%1/4/2011 105 0.0000%1/3/2011 105 0.0000%12/1/2010 110 4.7619%11/30/2010 110 0.0000%11/29/2010 110 0.0000%11/26/2010 110 0.0000%11/25/2010 110 0.0000%11/24/2010 110 0.0000%11/23/2010 110 0.0000%11/22/2010 110 0.0000%11/19/2010 110 0.0000%11/18/2010 110 0.0000%11/17/2010 108 -1.8182%11/16/2010 108 0.0000%

11/15/2010 108 0.0000%11/12/2010 108 0.0000%11/11/2010 104 -3.7037%10/29/2010 104 0.0000%10/28/2010 104 0.0000%10/27/2010 104 0.0000%10/26/2010 104 0.0000%10/25/2010 104 0.0000%10/22/2010 104 0.0000%10/21/2010 104 0.0000%10/1/2010 90 -13.4615%9/30/2010 90 0.0000%9/29/2010 90 0.0000%9/28/2010 90 0.0000%9/27/2010 90 0.0000%9/24/2010 90 0.0000%9/23/2010 90 0.0000%9/22/2010 90 0.0000%9/21/2010 90 0.0000%9/20/2010 90 0.0000%9/17/2010 90 0.0000%9/16/2010 90 0.0000%9/15/2010 90 0.0000%9/14/2010 90 0.0000%9/13/2010 90 0.0000%9/10/2010 90 0.0000%9/9/2010 90 0.0000%9/8/2010 90 0.0000%9/7/2010 90 0.0000%9/6/2010 90 0.0000%9/3/2010 90 0.0000%9/2/2010 90 0.0000%9/1/2010 90 0.0000%8/31/2010 90 0.0000%8/27/2010 90 0.0000%8/26/2010 87 -3.3333%8/25/2010 87 0.0000%8/24/2010 87 0.0000%8/23/2010 86 -1.1494%8/20/2010 86 0.0000%8/19/2010 86 0.0000%8/18/2010 86 0.0000%8/17/2010 86 0.0000%

8/16/2010 86 0.0000%8/13/2010 87 1.1628%8/12/2010 87 0.0000%8/11/2010 87 0.0000%8/10/2010 87 0.0000%8/9/2010 87 0.0000%8/6/2010 87 0.0000%8/5/2010 87 0.0000%8/4/2010 87 0.0000%8/3/2010 87 0.0000%8/2/2010 87 0.0000%7/30/2010 87 0.0000%7/27/2010 87 0.0000%7/26/2010 87 0.0000%7/23/2010 87 0.0000%7/22/2010 87 0.0000%7/21/2010 87 0.0000%7/20/2010 87 0.0000%7/19/2010 87 0.0000%7/16/2010 87 0.0000%7/15/2010 87 0.0000%7/14/2010 87 0.0000%7/13/2010 87 0.0000%7/12/2010 87 0.0000%7/9/2010 87 0.0000%7/8/2010 87.4 0.4598%7/7/2010 87 -0.4577%7/6/2010 87 0.0000%7/5/2010 86 -1.1494%7/2/2010 86 0.0000%7/1/2010 86 0.0000%6/30/2010 86 0.0000%6/28/2010 86 0.0000%6/25/2010 86 0.0000%6/24/2010 85 -1.1628%6/23/2010 85 0.0000%6/22/2010 85 0.0000%6/21/2010 84 -1.1765%6/18/2010 84 0.0000%6/17/2010 82 -2.3810%6/16/2010 83 1.2195%6/15/2010 83 0.0000%6/14/2010 83 0.0000%

6/11/2010 83 0.0000%6/10/2010 83 0.0000%6/9/2010 83 0.0000%6/8/2010 83 0.0000%6/7/2010 83 0.0000%6/4/2010 83 0.0000%6/3/2010 83 0.0000%6/2/2010 83 0.0000%6/1/2010 83 0.0000%5/31/2010 81 -2.4096%5/28/2010 80 -1.2346%5/27/2010 80 0.0000%5/26/2010 80 0.0000%5/25/2010 80 0.0000%5/24/2010 83 3.7500%5/21/2010 83 0.0000%5/20/2010 83 0.0000%5/19/2010 83 0.0000%5/18/2010 87.5 5.4217%5/17/2010 87.5 0.0000%5/14/2010 87.5 0.0000%5/13/2010 87 -0.5714%5/12/2010 87 0.0000%5/11/2010 87 0.0000%5/10/2010 82 -5.7471%5/7/2010 80 -2.4390%5/6/2010 82 2.5000%5/5/2010 82 0.0000%5/4/2010 82 0.0000%5/3/2010 82 0.0000%4/30/2010 82 0.0000%4/29/2010 80 -2.4390%4/28/2010 80 0.0000%4/27/2010 80 0.0000%4/26/2010 82 2.5000%4/23/2010 82 0.0000%4/22/2010 82 0.0000%4/21/2010 82 0.0000%4/20/2010 82 0.0000%4/19/2010 82 0.0000%4/16/2010 82 0.0000%4/15/2010 82 0.0000%4/14/2010 82 0.0000%

4/13/2010 82 0.0000%4/12/2010 82 0.0000%4/9/2010 82 0.0000%4/8/2010 82 0.0000%4/7/2010 82 0.0000%4/6/2010 82 0.0000%4/5/2010 82 0.0000%3/31/2010 82 0.0000%3/30/2010 82 0.0000%3/29/2010 81 -1.2195%3/26/2010 81 0.0000%3/25/2010 81 0.0000%3/24/2010 81 0.0000%3/23/2010 81 0.0000%3/22/2010 81 0.0000%3/19/2010 81 0.0000%3/18/2010 81 0.0000%3/17/2010 81 0.0000%3/16/2010 81 0.0000%3/15/2010 81 0.0000%3/12/2010 82 1.2346%3/11/2010 82 0.0000%3/10/2010 82.5 0.6098%3/9/2010 82.5 0.0000%3/8/2010 82.5 0.0000%3/5/2010 82.5 0.0000%3/4/2010 82.5 0.0000%3/3/2010 82.5 0.0000%3/2/2010 82.5 0.0000%3/1/2010 80 -3.0303%2/26/2010 80 0.0000%2/25/2010 80 0.0000%2/24/2010 80 0.0000%2/23/2010 80 0.0000%2/22/2010 80 0.0000%2/19/2010 80 0.0000%2/18/2010 80 0.0000%2/17/2010 80 0.0000%2/16/2010 80 0.0000%2/15/2010 80 0.0000%2/12/2010 80 0.0000%2/11/2010 80 0.0000%2/10/2010 80 0.0000%

2/9/2010 80 0.0000%2/8/2010 78 -2.5000%2/5/2010 80 2.5641%2/4/2010 80 0.0000%2/3/2010 84 5.0000%2/2/2010 84 0.0000%2/1/2010 84 0.0000%1/29/2010 84 0.0000%1/28/2010 84 0.0000%1/27/2010 84 0.0000%1/26/2010 84 0.0000%1/25/2010 84 0.0000%1/22/2010 84 0.0000%1/21/2010 84 0.0000%1/20/2010 84 0.0000%1/19/2010 84 0.0000%1/18/2010 84 0.0000%1/15/2010 84 0.0000%1/14/2010 84 0.0000%1/13/2010 85 1.1905%1/12/2010 85 0.0000%1/11/2010 85 0.0000%1/8/2010 85 0.0000%1/7/2010 85 0.0000%1/6/2010 85 0.0000%1/5/2010 85 0.0000%1/4/2010 85 0.0000%12/1/2009 80 -5.8824%11/30/2009 76.5 -4.3750%11/27/2009 76.5 0.0000%11/26/2009 76.5 0.0000%11/25/2009 76.5 0.0000%11/24/2009 75 -1.9608%11/23/2009 74 -1.3333%11/20/2009 73 -1.3514%11/19/2009 73 0.0000%11/18/2009 73 0.0000%11/17/2009 73 0.0000%11/16/2009 73 0.0000%11/13/2009 73 0.0000%11/12/2009 73 0.0000%11/11/2009 73 0.0000%10/30/2009 70 -4.1096%

10/29/2009 70 0.0000%10/28/2009 70 0.0000%10/27/2009 70 0.0000%10/26/2009 70 0.0000%10/23/2009 70 0.0000%10/22/2009 70 0.0000%10/1/2009 50 -28.5714%9/30/2009 50 0.0000%9/29/2009 50 0.0000%9/28/2009 50 0.0000%9/25/2009 50 0.0000%9/24/2009 50 0.0000%9/23/2009 50 0.0000%9/22/2009 50 0.0000%9/21/2009 50 0.0000%9/18/2009 50 0.0000%9/17/2009 50 0.0000%9/16/2009 50 0.0000%9/15/2009 55 10.0000%9/14/2009 55 0.0000%9/11/2009 55 0.0000%9/10/2009 55 0.0000%9/9/2009 55 0.0000%9/8/2009 55 0.0000%9/7/2009 48 -12.7273%9/4/2009 48 0.0000%9/3/2009 48 0.0000%9/2/2009 48 0.0000%9/1/2009 48 0.0000%8/31/2009 48 0.0000%8/28/2009 48 0.0000%8/27/2009 48 0.0000%8/26/2009 47 -2.0833%8/25/2009 47 0.0000%8/24/2009 47 0.0000%8/21/2009 47 0.0000%8/20/2009 47 0.0000%8/19/2009 47 0.0000%8/18/2009 47 0.0000%8/17/2009 47 0.0000%8/14/2009 48.01 2.1489%8/13/2009 48.01 0.0000%8/12/2009 48.01 0.0000%

8/11/2009 48.01 0.0000%8/10/2009 48.01 0.0000%8/7/2009 48.01 0.0000%8/6/2009 48.01 0.0000%8/5/2009 48.01 0.0000%8/4/2009 48.01 0.0000%8/3/2009 48.01 0.0000%7/31/2009 48.01 0.0000%7/30/2009 48.01 0.0000%7/24/2009 48.01 0.0000%7/23/2009 48.01 0.0000%7/22/2009 48.01 0.0000%7/21/2009 48.01 0.0000%7/20/2009 48.01 0.0000%7/17/2009 48.01 0.0000%7/16/2009 48.01 0.0000%7/15/2009 48.01 0.0000%7/14/2009 48.01 0.0000%7/13/2009 45.25 -5.7488%7/10/2009 45.25 0.0000%7/9/2009 45.25 0.0000%7/8/2009 45.25 0.0000%7/7/2009 45.25 0.0000%7/6/2009 45.25 0.0000%7/3/2009 45.25 0.0000%7/2/2009 45.25 0.0000%7/1/2009 45.25 0.0000%6/30/2009 45.25 0.0000%6/26/2009 45.25 0.0000%6/25/2009 45.25 0.0000%6/24/2009 45.25 0.0000%6/23/2009 45.25 0.0000%6/22/2009 45.25 0.0000%6/19/2009 45.25 0.0000%6/18/2009 45.25 0.0000%6/17/2009 45.25 0.0000%6/16/2009 45.25 0.0000%6/15/2009 45.25 0.0000%6/12/2009 45.25 0.0000%6/11/2009 44.25 -2.2099%6/10/2009 44.25 0.0000%6/9/2009 44.25 0.0000%6/8/2009 44.25 0.0000%

4/1/2009 46 3.9548%3/31/2009 46 0.0000%3/30/2009 46 0.0000%3/27/2009 46 0.0000%3/26/2009 46 0.0000%3/25/2009 46 0.0000%3/24/2009 46 0.0000%12/1/2008 43 -6.5217%11/28/2008 43 0.0000%11/27/2008 43 0.0000%11/26/2008 43 0.0000%11/25/2008 41 -4.6512%11/24/2008 41 0.0000%11/19/2008 41 0.0000%10/31/2008 44.3 8.0488%10/30/2008 44.3 0.0000%10/29/2008 44.3 0.0000%10/28/2008 44.3 0.0000%10/27/2008 45 1.5801%10/24/2008 45 0.0000%10/23/2008 45 0.0000%10/22/2008 50 11.1111%10/21/2008 56 12.0000%10/20/2008 57 1.7857%10/17/2008 57 0.0000%10/16/2008 57 0.0000%10/15/2008 57 0.0000%10/14/2008 58 1.7544%10/13/2008 58 0.0000%10/10/2008 58 0.0000%10/9/2008 58 0.0000%10/7/2008 58 0.0000%10/6/2008 58 0.0000%10/3/2008 58 0.0000%10/2/2008 58 0.0000%10/1/2008 58 0.0000%9/30/2008 58 0.0000%9/29/2008 58 0.0000%9/26/2008 58 0.0000%9/25/2008 57.99 -0.0172%9/24/2008 58 0.0172%9/23/2008 58 0.0000%9/22/2008 58 0.0000%

9/19/2008 58 0.0000%9/18/2008 58 0.0000%9/17/2008 58 0.0000%9/16/2008 58 0.0000%9/15/2008 58 0.0000%9/12/2008 58 0.0000%9/11/2008 58 0.0000%9/10/2008 59 1.7241%9/9/2008 59 0.0000%9/8/2008 59 0.0000%9/5/2008 59 0.0000%9/4/2008 59 0.0000%9/3/2008 60 1.6949%9/2/2008 60 0.0000%9/1/2008 60 0.0000%8/29/2008 60 0.0000%8/28/2008 60 0.0000%8/27/2008 60 0.0000%8/26/2008 60 0.0000%8/25/2008 60 0.0000%8/22/2008 60 0.0000%8/21/2008 60 0.0000%8/20/2008 60 0.0000%8/19/2008 60 0.0000%8/18/2008 60 0.0000%8/15/2008 60 0.0000%8/14/2008 60 0.0000%8/13/2008 171 185.0000%8/12/2008 171 0.0000%8/11/2008 171 0.0000%8/8/2008 171 0.0000%8/7/2008 171 0.0000%8/6/2008 171 0.0000%8/5/2008 171 0.0000%8/4/2008 171 0.0000%8/1/2008 171 0.0000%7/31/2008 171 0.0000%7/30/2008 171 0.0000%7/25/2008 171 0.0000%7/24/2008 171 0.0000%7/23/2008 171 0.0000%7/22/2008 171 0.0000%7/1/2008 171 0.0000%

6/30/2008 171 0.0000%6/27/2008 171 0.0000%6/26/2008 171 0.0000%6/25/2008 171 0.0000%6/24/2008 171 0.0000%6/23/2008 171 0.0000%6/20/2008 171 0.0000%6/19/2008 171 0.0000%6/18/2008 175 2.3392%6/17/2008 180 2.8571%6/16/2008 180 0.0000%6/13/2008 180 0.0000%6/12/2008 180 0.0000%6/11/2008 180 0.0000%6/10/2008 165 -8.3333%6/9/2008 165 0.0000%6/6/2008 165 0.0000%6/5/2008 165 0.0000%6/4/2008 165 0.0000%6/3/2008 165 0.0000%6/2/2008 165 0.0000%5/30/2008 165 0.0000%5/29/2008 150 -9.0909%5/28/2008 150 0.0000%5/27/2008 150 0.0000%5/26/2008 160 6.6667%5/23/2008 160 0.0000%5/22/2008 160 0.0000%5/21/2008 160 0.0000%5/20/2008 160 0.0000%5/19/2008 160 0.0000%5/14/2008 160 0.0000%5/13/2008 160 0.0000%5/12/2008 160 0.0000%5/9/2008 150 -6.2500%5/8/2008 150 0.0000%5/7/2008 150 0.0000%5/6/2008 150 0.0000%5/5/2008 150 0.0000%5/2/2008 150 0.0000%4/30/2008 150 0.0000%4/29/2008 150 0.0000%4/28/2008 150 0.0000%

4/25/2008 150 0.0000%4/24/2008 150 0.0000%4/23/2008 150 0.0000%4/22/2008 150 0.0000%4/21/2008 150 0.0000%4/18/2008 150 0.0000%4/17/2008 150 0.0000%4/16/2008 150 0.0000%4/15/2008 150 0.0000%4/14/2008 150 0.0000%4/11/2008 155 3.3333%4/10/2008 155 0.0000%4/9/2008 155 0.0000%4/8/2008 155 0.0000%4/7/2008 155 0.0000%4/4/2008 155 0.0000%4/3/2008 155 0.0000%4/2/2008 155 0.0000%4/1/2008 155 0.0000%3/31/2008 155 0.0000%3/28/2008 151 -2.5806%3/27/2008 151 0.0000%3/26/2008 151 0.0000%3/25/2008 151 0.0000%3/24/2008 151 0.0000%3/19/2008 140 -7.2848%3/18/2008 140 0.0000%3/17/2008 140 0.0000%3/14/2008 140 0.0000%2/1/2008 138.2 -1.2857%1/31/2008 138.2 0.0000%1/30/2008 140 1.3025%1/29/2008 140 0.0000%1/28/2008 130.1 -7.0714%1/25/2008 130.1 0.0000%1/24/2008 130.1 0.0000%1/23/2008 130.1 0.0000%1/22/2008 130.1 0.0000%1/21/2008 130.1 0.0000%1/18/2008 130.1 0.0000%1/17/2008 130.1 0.0000%1/16/2008 130.1 0.0000%1/15/2008 130.1 0.0000%

1/14/2008 130.1 0.0000%1/11/2008 130.1 0.0000%1/10/2008 130.1 0.0000%1/9/2008 130.1 0.0000%1/8/2008 130.1 0.0000%1/7/2008 130.1 0.0000%1/4/2008 130.1 0.0000%1/3/2008 130.1 0.0000%1/2/2008 130.1 0.0000%



Promedio 0.164%


Prueba Z -0.023012


02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/20110

20

40

60

80

100

120

140

160

180


12/1/201111/30/201111/29/201111/28/201111/25/201111/24/201111/23/201111/22/201111/21/201111/18/201111/17/201111/16/201111/15/2011

Fecha cotización

28/04/07

14/11/07

01/06/08

18/12/08

06/07/09

22/01/10

10/08/10

26/02/11

14/09/11

01/04/12

0

20

40

60

80

100

120

140

160

180

200

f(x) = − 0.0106298827701917 x + 521.764753968573R² = 0.0192803167867059

Column CLinear (Column C)

Fechas

Coti

zacion

es

11/14/201111/11/201111/10/201111/9/201111/8/201111/7/201111/4/201111/3/201111/2/201110/31/201110/28/201110/27/201110/26/201110/25/201110/24/201110/21/201110/20/201110/19/201110/18/201110/17/201110/14/201110/13/201110/12/201110/11/201110/10/201110/7/201110/6/201110/5/201110/4/201110/3/20119/30/20119/29/20119/28/20119/27/20119/26/20119/23/20119/22/20119/21/20119/20/20119/19/20119/16/20119/15/20119/14/2011

9/13/20119/12/20119/9/20119/8/20119/7/20119/6/20119/5/20119/2/20119/1/20118/31/20118/29/20118/26/20118/25/20118/24/20118/23/20118/22/20118/19/20118/18/20118/17/20118/16/20118/15/20118/12/20118/11/20118/10/20118/9/20118/8/20118/5/20118/4/20118/3/20118/2/20118/1/20117/27/20117/26/20117/25/20117/22/20117/21/20117/20/20117/19/20117/18/20117/15/20117/14/20117/13/20117/12/2011

7/11/20117/8/20117/7/20117/6/20117/5/20117/4/20117/1/20116/30/20116/28/20116/27/20116/24/20116/23/20116/22/20116/21/20116/20/20116/17/20116/16/20116/15/20116/14/20116/13/20116/10/20116/9/20116/8/20116/7/20116/6/20116/3/20116/2/20116/1/20115/31/20115/30/20115/27/20115/26/20115/25/20115/24/20115/23/20115/20/20115/19/20115/18/20115/17/20115/16/20115/13/20115/12/20115/11/2011

5/10/20115/9/20115/6/20115/5/20115/4/20115/3/20115/2/20114/29/20114/28/20114/27/20114/26/20114/25/20114/20/20114/19/20114/18/20114/15/20114/14/20114/13/20114/12/20114/11/20114/8/20114/7/20114/6/20114/5/20114/4/20114/1/20113/31/20113/30/20113/29/20113/28/20113/25/20113/24/20113/23/20113/22/20113/21/20113/18/20113/17/20113/16/20113/15/20113/14/20113/11/20113/10/20113/9/2011

3/8/20113/7/20113/4/20113/3/20113/2/20113/1/20112/28/20112/25/20112/24/20112/23/20112/22/20112/21/20112/18/20112/17/20112/16/20112/15/20112/14/20112/11/20112/10/20112/9/20112/8/20112/7/20112/4/20112/3/20112/2/20112/1/20111/31/20111/28/20111/27/20111/26/20111/25/20111/24/20111/21/20111/20/20111/19/20111/18/20111/17/20111/14/20111/13/20111/12/20111/11/20111/10/20111/7/2011

1/6/20111/5/20111/4/20111/3/201112/1/201011/30/201011/29/201011/26/201011/25/201011/24/201011/23/201011/22/201011/19/201011/18/201011/17/201011/16/201011/15/201011/12/201011/11/201010/29/201010/28/201010/27/201010/26/201010/25/201010/22/201010/21/201010/1/20109/30/20109/29/20109/28/20109/27/20109/24/20109/23/20109/22/20109/21/20109/20/20109/17/20109/16/20109/15/20109/14/20109/13/20109/10/20109/9/2010

9/8/20109/7/20109/6/20109/3/20109/2/20109/1/20108/31/20108/27/20108/26/20108/25/20108/24/20108/23/20108/20/20108/19/20108/18/20108/17/20108/16/20108/13/20108/12/20108/11/20108/10/20108/9/20108/6/20108/5/20108/4/20108/3/20108/2/20107/30/20107/27/20107/26/20107/23/20107/22/20107/21/20107/20/20107/19/20107/16/20107/15/20107/14/20107/13/20107/12/20107/9/20107/8/20107/7/2010

7/6/20107/5/20107/2/20107/1/20106/30/20106/28/20106/25/20106/24/20106/23/20106/22/20106/21/20106/18/20106/17/20106/16/20106/15/20106/14/20106/11/20106/10/20106/9/20106/8/20106/7/20106/4/20106/3/20106/2/20106/1/20105/31/20105/28/20105/27/20105/26/20105/25/20105/24/20105/21/20105/20/20105/19/20105/18/20105/17/20105/14/20105/13/20105/12/20105/11/20105/10/20105/7/20105/6/2010

5/5/20105/4/20105/3/20104/30/20104/29/20104/28/20104/27/20104/26/20104/23/20104/22/20104/21/20104/20/20104/19/20104/16/20104/15/20104/14/20104/13/20104/12/20104/9/20104/8/20104/7/20104/6/20104/5/20103/31/20103/30/20103/29/20103/26/20103/25/20103/24/20103/23/20103/22/20103/19/20103/18/20103/17/20103/16/20103/15/20103/12/20103/11/20103/10/20103/9/20103/8/20103/5/20103/4/2010

3/3/20103/2/20103/1/20102/26/20102/25/20102/24/20102/23/20102/22/20102/19/20102/18/20102/17/20102/16/20102/15/20102/12/20102/11/20102/10/20102/9/20102/8/20102/5/20102/4/20102/3/20102/2/20102/1/20101/29/20101/28/20101/27/20101/26/20101/25/20101/22/20101/21/20101/20/20101/19/20101/18/20101/15/20101/14/20101/13/20101/12/20101/11/20101/8/20101/7/20101/6/20101/5/20101/4/2010

12/1/200911/30/200911/27/200911/26/200911/25/200911/24/200911/23/200911/20/200911/19/200911/18/200911/17/200911/16/200911/13/200911/12/200911/11/200910/30/200910/29/200910/28/200910/27/200910/26/200910/23/200910/22/200910/1/20099/30/20099/29/20099/28/20099/25/20099/24/20099/23/20099/22/20099/21/20099/18/20099/17/20099/16/20099/15/20099/14/20099/11/20099/10/20099/9/20099/8/20099/7/20099/4/20099/3/2009

9/2/20099/1/20098/31/20098/28/20098/27/20098/26/20098/25/20098/24/20098/21/20098/20/20098/19/20098/18/20098/17/20098/14/20098/13/20098/12/20098/11/20098/10/20098/7/20098/6/20098/5/20098/4/20098/3/20097/31/20097/30/20097/24/20097/23/20097/22/20097/21/20097/20/20097/17/20097/16/20097/15/20097/14/20097/13/20097/10/20097/9/20097/8/20097/7/20097/6/20097/3/20097/2/20097/1/2009

6/30/20096/26/20096/25/20096/24/20096/23/20096/22/20096/19/20096/18/20096/17/20096/16/20096/15/20096/12/20096/11/20096/10/20096/9/20096/8/20094/1/20093/31/20093/30/20093/27/20093/26/20093/25/20093/24/200912/1/200811/28/200811/27/200811/26/200811/25/200811/24/200811/19/200810/31/200810/30/200810/29/200810/28/200810/27/200810/24/200810/23/200810/22/200810/21/200810/20/200810/17/200810/16/200810/15/2008

10/14/200810/13/200810/10/200810/9/200810/7/200810/6/200810/3/200810/2/200810/1/20089/30/20089/29/20089/26/20089/25/20089/24/20089/23/20089/22/20089/19/20089/18/20089/17/20089/16/20089/15/20089/12/20089/11/20089/10/20089/9/20089/8/20089/5/20089/4/20089/3/20089/2/20089/1/20088/29/20088/28/20088/27/20088/26/20088/25/20088/22/20088/21/20088/20/20088/19/20088/18/20088/15/20088/14/2008

8/13/20088/12/20088/11/20088/8/20088/7/20088/6/20088/5/20088/4/20088/1/20087/31/20087/30/20087/25/20087/24/20087/23/20087/22/20087/1/20086/30/20086/27/20086/26/20086/25/20086/24/20086/23/20086/20/20086/19/20086/18/20086/17/20086/16/20086/13/20086/12/20086/11/20086/10/20086/9/20086/6/20086/5/20086/4/20086/3/20086/2/20085/30/20085/29/20085/28/20085/27/20085/26/20085/23/2008

5/22/20085/21/20085/20/20085/19/20085/14/20085/13/20085/12/20085/9/20085/8/20085/7/20085/6/20085/5/20085/2/20084/30/20084/29/20084/28/20084/25/20084/24/20084/23/20084/22/20084/21/20084/18/20084/17/20084/16/20084/15/20084/14/20084/11/20084/10/20084/9/20084/8/20084/7/20084/4/20084/3/20084/2/20084/1/20083/31/20083/28/20083/27/20083/26/20083/25/20083/24/20083/19/20083/18/2008

3/17/20083/14/20082/1/20081/31/20081/30/20081/29/20081/28/20081/25/20081/24/20081/23/20081/22/20081/21/20081/18/20081/17/20081/16/20081/15/20081/14/20081/11/20081/10/20081/9/20081/8/20081/7/20081/4/20081/3/20081/2/2008

Cotizaciones Históricas de las Acciones BUENAVI1 (4 años)

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/20110

20

40

60

80

100

120

140

160

180


Gráfica 2

Rendimiento

0.0000%0.0000%0.0000%3.0572%0.0000%0.0000% Gráfica del Rendimiento de las acciones0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

28/04/07

14/11/07

01/06/08

18/12/08

06/07/09

22/01/10

10/08/10

26/02/11

14/09/11

01/04/12

0

20

40

60

80

100

120

140

160

180

200

f(x) = − 0.0106298827701917 x + 521.764753968573R² = 0.0192803167867059


Fechas

Coti

zacion

es

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-50.0000%

0.0000%

50.0000%

100.0000%

150.0000%

200.0000%

0.0000%0.0000%0.0000%0.0000%0.0000%0.0957%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.3824%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-2.3810%0.0000%0.0000%0.0000%

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-50.0000%

0.0000%

50.0000%

100.0000%

150.0000%

200.0000%

0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-2.4390%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-2.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%2.0408%0.0000%0.0000%0.0000%

0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%5.0000%0.0000%0.0000%0.0000%-1.9048%0.0000%0.0000%-1.9417%0.0000%0.0000%-0.9901%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%5.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

0.0000%0.0000%0.0000%0.0000%4.7619%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-1.8182%0.0000%0.0000%0.0000%-3.7037%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

-13.4615%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-3.3333%0.0000%0.0000%-1.1494%0.0000%0.0000%0.0000%0.0000%0.0000%1.1628%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.4598%-0.4577%

0.0000%-1.1494%0.0000%0.0000%0.0000%0.0000%0.0000%-1.1628%0.0000%0.0000%-1.1765%0.0000%-2.3810%1.2195%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-2.4096%-1.2346%0.0000%0.0000%0.0000%3.7500%0.0000%0.0000%0.0000%5.4217%0.0000%0.0000%-0.5714%0.0000%0.0000%-5.7471%-2.4390%2.5000%

0.0000%0.0000%0.0000%0.0000%-2.4390%0.0000%0.0000%2.5000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-1.2195%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%1.2346%0.0000%0.6098%0.0000%0.0000%0.0000%0.0000%

0.0000%0.0000%-3.0303%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-2.5000%2.5641%0.0000%5.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%1.1905%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

-5.8824%-4.3750%0.0000%0.0000%0.0000%-1.9608%-1.3333%-1.3514%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-4.1096%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

-28.5714%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%10.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

-12.7273%0.0000%0.0000%

0.0000%0.0000%0.0000%0.0000%0.0000%-2.0833%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%2.1489%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-5.7488%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-2.2099%0.0000%0.0000%0.0000%3.9548%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-6.5217%0.0000%0.0000%0.0000%-4.6512%0.0000%0.0000%8.0488%0.0000%0.0000%0.0000%1.5801%0.0000%0.0000%11.1111%12.0000%1.7857%0.0000%0.0000%0.0000%

1.7544%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-0.0172%0.0172%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%1.7241%0.0000%0.0000%0.0000%0.0000%1.6949%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

185.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%2.3392%2.8571%0.0000%0.0000%0.0000%0.0000%-8.3333%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-9.0909%0.0000%0.0000%6.6667%0.0000%

0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-6.2500%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%3.3333%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%-2.5806%0.0000%0.0000%0.0000%0.0000%-7.2848%0.0000%

0.0000%0.0000%-1.2857%0.0000%1.3025%0.0000%-7.0714%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%0.0000%

Cotizaciones Históricas de las Acciones BUENAVI1 (4 años)

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/20110

20

40

60

80

100

120

140

160

180

Gráfica del Rendimiento de las acciones

28/04/07

14/11/07

01/06/08

18/12/08

06/07/09

22/01/10

10/08/10

26/02/11

14/09/11

01/04/12

0

20

40

60

80

100

120

140

160

180

200

f(x) = − 0.0106298827701917 x + 521.764753968573R² = 0.0192803167867059


Fechas

Coti

zacion

es

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-50.0000%

0.0000%

50.0000%

100.0000%

150.0000%

200.0000%

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-50.0000%

0.0000%

50.0000%

100.0000%

150.0000%

200.0000%

Variación de las Cotizaciones BNVFecha cotización Cierre Rendimiento

12/1/2011 38.2511/30/2011 39.4 3.0065%11/29/2011 38.91 -1.2437%11/28/2011 38.62 -0.7453%11/25/2011 39.8 3.0554%11/24/2011 40 0.5025%11/23/2011 40 0.0000%11/22/2011 40 0.0000%11/21/2011 39.43 -1.4250%11/18/2011 39.45 0.0507%11/17/2011 40.5 2.6616%11/16/2011 43.6 7.6543%11/15/2011 43.7 0.2294%11/14/2011 43.85 0.3432%11/11/2011 44 0.3421%11/10/2011 43.5 -1.1364%11/9/2011 43.85 0.8046%11/8/2011 45.25 3.1927%11/7/2011 44.83 -0.9282%11/4/2011 43.2 -3.6360%11/3/2011 43.6 0.9259%11/2/2011 42.23 -3.1422%10/31/2011 41.16 -2.5337%10/28/2011 43.25 5.0777%10/27/2011 42.3 -2.1965%10/26/2011 42.25 -0.1182%10/25/2011 41.9 -0.8284%10/24/2011 40.5 -3.3413%10/21/2011 38.6 -4.6914%

ANÁLISIS DE RIESGO BNV

10/20/2011 38 -1.5544%10/19/2011 38.5 1.3158%10/18/2011 39.83 3.4545%10/17/2011 40.6 1.9332%10/14/2011 41.5 2.2167%10/13/2011 40.65 -2.0482%10/12/2011 42 3.3210%10/11/2011 41.4 -1.4286%10/10/2011 40.4 -2.4155%10/7/2011 40.1 -0.7426%10/6/2011 39.5 -1.4963%10/5/2011 39.5 0.0000%10/4/2011 36.5 -7.5949%10/3/2011 37.6 3.0137%9/30/2011 37.95 0.9309%9/29/2011 37.62 -0.8696%9/28/2011 38.45 2.2063%9/27/2011 40.28 4.7594%9/26/2011 40.02 -0.6455%9/23/2011 39.9 -0.2999%9/22/2011 42.2 5.7644%9/21/2011 48.58 15.1185%9/20/2011 46.6 -4.0758%9/19/2011 45.2 -3.0043%9/16/2011 45 -0.4425%9/15/2011 45 0.0000%9/14/2011 45.5 1.1111%9/13/2011 46.21 1.5604%9/12/2011 45.5 -1.5365%9/9/2011 46 1.0989%9/8/2011 47.05 2.2826%9/7/2011 46.2 -1.8066%9/6/2011 47.5 2.8139%9/5/2011 47.3 -0.4211%9/2/2011 47.58 0.5920%9/1/2011 46.5 -2.2699%8/31/2011 46.53 0.0645%8/29/2011 46.1 -0.9241%8/26/2011 46.05 -0.1085%8/25/2011 46.11 0.1303%8/24/2011 44.57 -3.3398%8/23/2011 44.5 -0.1571%

8/22/2011 45.3 1.7978%8/19/2011 44.5 -1.7660%8/18/2011 42.7 -4.0449%8/17/2011 42.5 -0.4684%8/16/2011 41.34 -2.7294%8/15/2011 42.3 2.3222%8/12/2011 41.75 -1.3002%8/11/2011 42.27 1.2455%8/10/2011 40.8 -3.4776%8/9/2011 41.2 0.9804%8/8/2011 40.5 -1.6990%8/5/2011 39.78 -1.7778%8/4/2011 39.4 -0.9553%8/3/2011 41.3 4.8223%8/2/2011 41.85 1.3317%8/1/2011 40.5 -3.2258%7/27/2011 41.22 1.7778%7/26/2011 42.65 3.4692%7/25/2011 42 -1.5240%7/22/2011 42 0.0000%7/21/2011 42.7 1.6667%7/20/2011 42.5 -0.4684%7/19/2011 41.7 -1.8824%7/18/2011 41.3 -0.9592%7/15/2011 40.01 -3.1235%7/14/2011 39.26 -1.8745%7/13/2011 38.5 -1.9358%7/12/2011 37.5 -2.5974%7/11/2011 36.9 -1.6000%7/8/2011 37.2 0.8130%7/7/2011 36.8 -1.0753%7/6/2011 37.35 1.4946%7/5/2011 37.41 0.1606%7/4/2011 37.2 -0.5613%7/1/2011 37.2 0.0000%6/30/2011 37.8 1.6129%6/28/2011 37.26 -1.4286%6/27/2011 36.5 -2.0397%6/24/2011 37.22 1.9726%6/23/2011 37.6 1.0210%6/22/2011 37.1 -1.3298%6/21/2011 37 -0.2695%6/20/2011 36.28 -1.9459%

6/17/2011 36.95 1.8467%6/16/2011 37 0.1353%6/15/2011 37.5 1.3514%6/14/2011 37.5 0.0000%6/13/2011 37.5 0.0000%6/10/2011 37.5 0.0000%6/9/2011 37.8 0.8000%6/8/2011 36 -4.7619%6/7/2011 36.21 0.5833%6/6/2011 37.1 2.4579%6/3/2011 42 13.2075%6/2/2011 43.1 2.6190%6/1/2011 41.26 -4.2691%5/31/2011 43.8 6.1561%5/30/2011 42 -4.1096%5/27/2011 43.99 4.7381%5/26/2011 43.49 -1.1366%5/25/2011 42.5 -2.2764%5/24/2011 41.7 -1.8824%5/23/2011 41.2 -1.1990%5/20/2011 41 -0.4854%5/19/2011 40.7 -0.7317%5/18/2011 40.5 -0.4914%5/17/2011 39.77 -1.8025%5/16/2011 39.3 -1.1818%5/13/2011 38.56 -1.8830%5/12/2011 39.2 1.6598%5/11/2011 39.66 1.1735%5/10/2011 41 3.3787%5/9/2011 41.75 1.8293%5/6/2011 41 -1.7964%5/5/2011 39.6 -3.4146%5/4/2011 41.25 4.1667%5/3/2011 40.8 -1.0909%5/2/2011 41.19 0.9559%4/29/2011 41.8 1.4809%4/28/2011 40 -4.3062%4/27/2011 38 -5.0000%4/26/2011 37.5 -1.3158%4/25/2011 38.5 2.6667%4/20/2011 39.4 2.3377%4/19/2011 39.4 0.0000%4/18/2011 38.27 -2.8680%

4/15/2011 39.3 2.6914%4/14/2011 38.6 -1.7812%4/13/2011 38.61 0.0259%4/12/2011 39.3 1.7871%4/11/2011 41.6 5.8524%4/8/2011 43.12 3.6538%4/7/2011 42.7 -0.9740%4/6/2011 43.95 2.9274%4/5/2011 44 0.1138%4/4/2011 42.4 -3.6364%4/1/2011 42.3 -0.2358%3/31/2011 43.3 2.3641%3/30/2011 42.1 -2.7714%3/29/2011 42.07 -0.0713%3/28/2011 42.45 0.9033%3/25/2011 43.8 3.1802%3/24/2011 45.65 4.2237%3/23/2011 44.5 -2.5192%3/22/2011 43.45 -2.3596%3/21/2011 44 1.2658%3/18/2011 42.25 -3.9773%3/17/2011 41.62 -1.4911%3/16/2011 42.25 1.5137%3/15/2011 43 1.7751%3/14/2011 43.35 0.8140%3/11/2011 43.6 0.5767%3/10/2011 42.1 -3.4404%3/9/2011 44 4.5131%3/8/2011 44.4 0.9091%3/7/2011 45.6 2.7027%3/4/2011 46 0.8772%3/3/2011 45.5 -1.0870%3/2/2011 47.05 3.4066%3/1/2011 46.8 -0.5313%2/28/2011 46.1 -1.4957%2/25/2011 45.51 -1.2798%2/24/2011 45.7 0.4175%2/23/2011 46 0.6565%2/22/2011 45.5 -1.0870%2/21/2011 46 1.0989%2/18/2011 44.9 -2.3913%2/17/2011 43.1 -4.0089%2/16/2011 42.5 -1.3921%

2/15/2011 42.65 0.3529%2/14/2011 41.1 -3.6342%2/11/2011 40.01 -2.6521%2/10/2011 40.6 1.4746%2/9/2011 42.25 4.0640%2/8/2011 44.4 5.0888%2/7/2011 45 1.3514%2/4/2011 43.9 -2.4444%2/3/2011 45.3 3.1891%2/2/2011 44 -2.8698%2/1/2011 44 0.0000%1/31/2011 40.91 -7.0227%1/28/2011 41.87 2.3466%1/27/2011 41.75 -0.2866%1/26/2011 42.6 2.0359%1/25/2011 40.5 -4.9296%1/24/2011 41.19 1.7037%1/21/2011 41 -0.4613%1/20/2011 42.05 2.5610%1/19/2011 43.2 2.7348%1/18/2011 44.1 2.0833%1/17/2011 43.4 -1.5873%1/14/2011 42.65 -1.7281%1/13/2011 43 0.8206%1/12/2011 43.95 2.2093%1/11/2011 44.5 1.2514%1/10/2011 44.5 0.0000%1/7/2011 45.3 1.7978%1/6/2011 45.1 -0.4415%1/5/2011 46.5 3.1042%1/4/2011 46.4 -0.2151%1/3/2011 48 3.4483%12/1/2010 52.3 8.9583%11/30/2010 50.75 -2.9637%11/29/2010 53.49 5.3990%11/26/2010 53.82 0.6169%11/25/2010 54.7 1.6351%11/24/2010 54.6 -0.1828%11/23/2010 54.6 0.0000%11/22/2010 55.3 1.2821%11/19/2010 53.5 -3.2550%11/18/2010 53.5 0.0000%11/17/2010 52.8 -1.3084%

11/16/2010 51.6 -2.2727%11/15/2010 53.2 3.1008%11/12/2010 53.8 1.1278%11/11/2010 55 2.2305%10/1/2010 46.3 -15.8182%9/30/2010 44.8 -3.2397%9/29/2010 44.9 0.2232%9/28/2010 43.7 -2.6726%9/27/2010 41.45 -5.1487%9/24/2010 41.5 0.1206%9/23/2010 41.99 1.1807%9/22/2010 41.4 -1.4051%9/21/2010 41.92 1.2560%9/20/2010 41.7 -0.5248%9/17/2010 41.38 -0.7674%9/16/2010 41.25 -0.3142%9/15/2010 41.1 -0.3636%9/14/2010 41.7 1.4599%9/13/2010 41.3 -0.9592%9/10/2010 40.3 -2.4213%9/9/2010 40.31 0.0248%9/8/2010 40.9 1.4637%9/7/2010 41.14 0.5868%9/6/2010 40.9 -0.5834%9/3/2010 40.9 0.0000%9/2/2010 41.6 1.7115%9/1/2010 41.3 -0.7212%8/31/2010 41.01 -0.7022%8/27/2010 40.3 -1.7313%8/26/2010 39.51 -1.9603%8/25/2010 39.1 -1.0377%8/24/2010 37.7 -3.5806%8/23/2010 37.61 -0.2387%8/20/2010 37.56 -0.1329%8/19/2010 37.72 0.4260%8/18/2010 38.4 1.8028%8/17/2010 38.16 -0.6250%8/16/2010 38.2 0.1048%8/13/2010 37.9 -0.7853%8/12/2010 37.6 -0.7916%8/11/2010 35.9 -4.5213%8/10/2010 36.78 2.4513%8/9/2010 36.28 -1.3594%

8/6/2010 36.5 0.6064%8/5/2010 36.35 -0.4110%8/4/2010 36.2 -0.4127%8/3/2010 36.45 0.6906%8/2/2010 37 1.5089%7/30/2010 39 5.4054%7/27/2010 37.55 -3.7179%7/26/2010 39 3.8615%7/23/2010 39.4 1.0256%7/22/2010 39.57 0.4315%7/21/2010 38.75 -2.0723%7/20/2010 38.7 -0.1290%7/19/2010 37.25 -3.7468%7/16/2010 38.2 2.5503%7/15/2010 39.27 2.8010%7/14/2010 39.5 0.5857%7/13/2010 39.75 0.6329%7/12/2010 38.93 -2.0629%7/9/2010 39 0.1798%7/8/2010 37.6 -3.5897%7/7/2010 37.55 -0.1330%7/6/2010 36.8 -1.9973%7/5/2010 36.3 -1.3587%7/2/2010 37 1.9284%7/1/2010 37 0.0000%6/30/2010 38.7 4.5946%6/28/2010 39.66 2.4806%6/25/2010 40.21 1.3868%6/24/2010 39.7 -1.2683%6/23/2010 38.8 -2.2670%6/22/2010 38.7 -0.2577%6/21/2010 38.61 -0.2326%6/18/2010 39.6 2.5641%6/17/2010 39.1 -1.2626%6/16/2010 39.25 0.3836%6/15/2010 39.05 -0.5096%6/14/2010 38.3 -1.9206%6/11/2010 38.35 0.1305%6/10/2010 38.6 0.6519%6/9/2010 37.15 -3.7565%6/8/2010 37.5 0.9421%6/7/2010 36.9 -1.6000%6/4/2010 36.25 -1.7615%

6/3/2010 36.7 1.2414%6/2/2010 36.6 -0.2725%6/1/2010 35.5 -3.0055%5/31/2010 36 1.4085%5/28/2010 36 0.0000%5/27/2010 35.75 -0.6944%5/26/2010 34.62 -3.1608%5/25/2010 34.7 0.2311%5/24/2010 34.5 -0.5764%5/21/2010 33.5 -2.8986%5/20/2010 34.1 1.7910%5/19/2010 35.5 4.1056%5/18/2010 37.6 5.9155%5/17/2010 37.45 -0.3989%5/14/2010 37.2 -0.6676%5/13/2010 36.3 -2.4194%5/12/2010 36.9 1.6529%5/11/2010 36.59 -0.8401%5/10/2010 34 -7.0784%5/7/2010 33.1 -2.6471%5/6/2010 32.7 -1.2085%5/5/2010 31.9 -2.4465%5/4/2010 32.2 0.9404%5/3/2010 32.25 0.1553%4/30/2010 33 2.3256%4/29/2010 33 0.0000%4/28/2010 33.15 0.4545%4/27/2010 31.5 -4.9774%4/26/2010 30.78 -2.2857%4/23/2010 31.69 2.9565%4/22/2010 31.1 -1.8618%4/21/2010 31.02 -0.2572%4/20/2010 30.95 -0.2257%4/19/2010 31.5 1.7771%4/16/2010 31.7 0.6349%4/15/2010 32.21 1.6088%4/14/2010 32.8 1.8317%4/13/2010 33 0.6098%4/12/2010 34.2 3.6364%4/9/2010 34.4 0.5848%4/8/2010 34.5 0.2907%4/7/2010 34.65 0.4348%4/6/2010 33.4 -3.6075%

4/5/2010 33 -1.1976%3/31/2010 30.85 -6.5152%3/30/2010 30.75 -0.3241%3/29/2010 31.39 2.0813%3/26/2010 30.9 -1.5610%3/25/2010 29.6 -4.2071%3/24/2010 30 1.3514%3/23/2010 31 3.3333%3/22/2010 31.25 0.8065%3/19/2010 31.7 1.4400%3/18/2010 32.91 3.8170%3/17/2010 33.65 2.2486%3/16/2010 33 -1.9316%3/15/2010 32.1 -2.7273%3/12/2010 32.4 0.9346%3/11/2010 32.6 0.6173%3/10/2010 32.82 0.6748%3/9/2010 33.5 2.0719%3/8/2010 34.1 1.7910%3/5/2010 33.75 -1.0264%3/4/2010 32.8 -2.8148%3/3/2010 33.5 2.1341%3/2/2010 34.9 4.1791%3/1/2010 34 -2.5788%2/26/2010 33.3 -2.0588%2/25/2010 32.5 -2.4024%2/24/2010 32 -1.5385%2/23/2010 32 0.0000%2/22/2010 33 3.1250%2/19/2010 32.9 -0.3030%2/18/2010 32.82 -0.2432%2/17/2010 33.62 2.4375%2/16/2010 34.41 2.3498%2/15/2010 33.73 -1.9762%2/12/2010 33.6 -0.3854%2/11/2010 33.2 -1.1905%2/10/2010 31.9 -3.9157%2/9/2010 31.7 -0.6270%2/8/2010 30.2 -4.7319%2/5/2010 30.3 0.3311%2/4/2010 30.4 0.3300%2/3/2010 31.85 4.7697%2/2/2010 32.71 2.7002%

2/1/2010 32.7 -0.0306%1/29/2010 31.5 -3.6697%1/28/2010 32.7 3.8095%1/27/2010 32.42 -0.8563%1/26/2010 32.3 -0.3701%1/25/2010 32.6 0.9288%1/22/2010 33.2 1.8405%1/21/2010 33.2 0.0000%1/20/2010 34.46 3.7952%1/19/2010 35.85 4.0337%1/18/2010 35.01 -2.3431%1/15/2010 35 -0.0286%1/14/2010 35.98 2.8000%1/13/2010 36 0.0556%1/12/2010 36 0.0000%1/11/2010 37.5 4.1667%1/8/2010 37.3 -0.5333%1/7/2010 37.5 0.5362%1/6/2010 37 -1.3333%1/5/2010 36.3 -1.8919%1/4/2010 34.9 -3.8567%12/1/2009 41.5 18.9112%11/30/2009 39.5 -4.8193%11/27/2009 39.97 1.1899%11/26/2009 41.5 3.8279%11/25/2009 41.5 0.0000%11/24/2009 40.4 -2.6506%11/23/2009 41 1.4851%11/20/2009 39.5 -3.6585%11/19/2009 40 1.2658%11/18/2009 39.5 -1.2500%11/17/2009 39.85 0.8861%11/16/2009 39.55 -0.7528%11/13/2009 37.48 -5.2339%11/12/2009 37.1 -1.0139%11/11/2009 38.4 3.5040%11/10/2009 38.75 0.9115%11/9/2009 39.01 0.6710%11/6/2009 37 -5.1525%11/5/2009 36.89 -0.2973%11/4/2009 37 0.2982%11/3/2009 36.6 -1.0811%11/2/2009 33.45 -8.6066%

10/30/2009 33.42 -0.0897%10/29/2009 35.45 6.0742%10/28/2009 33.4 -5.7828%10/27/2009 35.79 7.1557%10/26/2009 35.8 0.0279%10/23/2009 37.1 3.6313%10/22/2009 37.29 0.5121%10/21/2009 38.3 2.7085%10/20/2009 36.9 -3.6554%10/19/2009 36.84 -0.1626%10/16/2009 39.09 6.1075%10/15/2009 38.8 -0.7419%10/14/2009 39.28 1.2371%10/13/2009 38.5 -1.9857%10/12/2009 37.8 -1.8182%10/9/2009 38.3 1.3228%10/7/2009 37.6 -1.8277%10/6/2009 36.73 -2.3138%10/5/2009 34.2 -6.8881%10/2/2009 33.42 -2.2807%10/1/2009 33.7 0.8378%9/30/2009 35.07 4.0653%9/29/2009 34.3 -2.1956%9/28/2009 33.09 -3.5277%9/25/2009 32.76 -0.9973%9/24/2009 33.2 1.3431%9/23/2009 34 2.4096%9/22/2009 34.29 0.8529%9/21/2009 33.4 -2.5955%9/18/2009 33.9 1.4970%9/17/2009 33.8 -0.2950%9/16/2009 33.81 0.0296%9/15/2009 31.5 -6.8323%9/14/2009 30.2 -4.1270%9/11/2009 30.51 1.0265%9/10/2009 30.62 0.3605%9/9/2009 29.6 -3.3312%9/8/2009 30.61 3.4122%9/7/2009 28.55 -6.7298%9/4/2009 28.62 0.2452%9/3/2009 27.85 -2.6904%9/2/2009 26.28 -5.6373%9/1/2009 24.97 -4.9848%

8/31/2009 25.2 0.9211%8/28/2009 25.7 1.9841%8/27/2009 25.35 -1.3619%8/26/2009 25.1 -0.9862%8/25/2009 25.35 0.9960%8/24/2009 25.3 -0.1972%8/21/2009 25.55 0.9881%8/20/2009 26.16 2.3875%8/19/2009 25.8 -1.3761%8/18/2009 24.9 -3.4884%8/17/2009 24.6 -1.2048%8/14/2009 26.39 7.2764%8/13/2009 26.18 -0.7958%8/12/2009 25.8 -1.4515%8/11/2009 25.53 -1.0465%8/10/2009 25.68 0.5875%8/7/2009 26.25 2.2196%8/6/2009 26.6 1.3333%8/5/2009 27.24 2.4060%8/4/2009 28 2.7900%8/3/2009 27.1 -3.2143%7/31/2009 25.89 -4.4649%7/30/2009 24.95 -3.6307%7/24/2009 24.55 -1.6032%7/23/2009 24.95 1.6293%7/22/2009 24.36 -2.3647%7/21/2009 24.65 1.1905%7/20/2009 24.9 1.0142%7/17/2009 23.4 -6.0241%7/16/2009 23.3 -0.4274%7/15/2009 23.18 -0.5150%7/14/2009 22 -5.0906%7/13/2009 21.5 -2.2727%7/10/2009 21.5 0.0000%7/9/2009 21.73 1.0698%7/8/2009 21.7 -0.1381%7/7/2009 22.97 5.8525%7/6/2009 23.69 3.1345%7/3/2009 24.36 2.8282%7/2/2009 24.3 -0.2463%7/1/2009 25.55 5.1440%6/30/2009 24.09 -5.7143%6/26/2009 25.2 4.6077%

6/25/2009 25.5 1.1905%6/24/2009 24.7 -3.1373%6/23/2009 24.3 -1.6194%6/22/2009 22.8 -6.1728%6/19/2009 25 9.6491%6/18/2009 24.9 -0.4000%6/17/2009 25.3 1.6064%6/16/2009 25.6 1.1858%6/15/2009 25.9 1.1719%6/12/2009 27.12 4.7104%6/11/2009 28 3.2448%6/10/2009 27.7 -1.0714%6/9/2009 27.1 -2.1661%6/8/2009 26.95 -0.5535%6/5/2009 26.7 -0.9276%6/4/2009 28.2 5.6180%6/3/2009 27.14 -3.7589%6/2/2009 29.2 7.5903%6/1/2009 28.7 -1.7123%5/29/2009 28.5 -0.6969%5/28/2009 28.35 -0.5263%5/27/2009 26.95 -4.9383%5/26/2009 27.6 2.4119%5/25/2009 29 5.0725%5/22/2009 28.5 -1.7241%5/21/2009 27.3 -4.2105%5/20/2009 27 -1.0989%5/19/2009 26.3 -2.5926%5/18/2009 25 -4.9430%5/15/2009 25.5 2.0000%5/14/2009 25.65 0.5882%5/13/2009 25.75 0.3899%5/12/2009 26.1 1.3592%5/11/2009 24.6 -5.7471%5/8/2009 24.43 -0.6911%5/7/2009 24 -1.7601%5/6/2009 24.65 2.7083%5/5/2009 23.1 -6.2880%5/4/2009 22.7 -1.7316%4/30/2009 21.12 -6.9604%4/29/2009 22.55 6.7708%4/28/2009 21.8 -3.3259%4/27/2009 22.1 1.3761%

4/24/2009 22.1 0.0000%4/23/2009 20.6 -6.7873%4/22/2009 19.7 -4.3689%4/21/2009 20.45 3.8071%4/20/2009 21 2.6895%4/17/2009 20.7 -1.4286%4/16/2009 21.15 2.1739%4/15/2009 22.42 6.0047%4/14/2009 22.38 -0.1784%4/13/2009 22.75 1.6533%4/8/2009 22.5 -1.0989%4/7/2009 22.2 -1.3333%4/6/2009 21.6 -2.7027%4/3/2009 22.6 4.6296%4/2/2009 23.95 5.9735%4/1/2009 24.8 3.5491%3/31/2009 24 -3.2258%3/30/2009 23.5 -2.0833%3/27/2009 23.1 -1.7021%3/26/2009 24.5 6.0606%3/25/2009 24 -2.0408%3/24/2009 23.5 -2.0833%3/23/2009 23.85 1.4894%3/20/2009 22.6 -5.2411%3/19/2009 22.5 -0.4425%3/18/2009 20.3 -9.7778%3/17/2009 18.65 -8.1281%3/16/2009 19.72 5.7373%3/13/2009 20.3 2.9412%3/12/2009 19.9 -1.9704%3/11/2009 19 -4.5226%3/10/2009 17.45 -8.1579%3/9/2009 18.35 5.1576%3/6/2009 18.8 2.4523%3/5/2009 18.4 -2.1277%3/4/2009 17.78 -3.3696%3/3/2009 17.9 0.6749%3/2/2009 17.67 -1.2849%2/27/2009 19.3 9.2247%2/26/2009 19.05 -1.2953%2/25/2009 19.5 2.3622%2/24/2009 19.9 2.0513%2/23/2009 21.31 7.0854%

2/20/2009 21.87 2.6279%2/19/2009 21.2 -3.0636%2/18/2009 21.7 2.3585%2/17/2009 21.9 0.9217%2/16/2009 21 -4.1096%2/13/2009 20.6 -1.9048%2/12/2009 21.5 4.3689%2/11/2009 21.4 -0.4651%2/10/2009 19.21 -10.2336%2/9/2009 20.5 6.7153%2/6/2009 20.5 0.0000%2/5/2009 19.4 -5.3659%2/4/2009 18.77 -3.2474%2/3/2009 17.5 -6.7661%2/2/2009 17.8 1.7143%1/30/2009 18.93 6.3483%1/29/2009 18.99 0.3170%1/28/2009 18.5 -2.5803%1/27/2009 18.3 -1.0811%1/26/2009 18.27 -0.1639%1/23/2009 18.62 1.9157%1/22/2009 16.55 -11.1171%1/21/2009 17 2.7190%1/20/2009 16.55 -2.6471%1/19/2009 16.8 1.5106%1/16/2009 16.75 -0.2976%1/15/2009 15.4 -8.0597%1/14/2009 14.45 -6.1688%1/13/2009 15.99 10.6574%1/12/2009 15.88 -0.6879%1/9/2009 17 7.0529%1/8/2009 17.2 1.1765%1/7/2009 16.51 -4.0116%1/6/2009 18.55 12.3561%1/5/2009 20.1 8.3558%12/1/2008 14.5 -27.8607%11/28/2008 17.7 22.0690%11/27/2008 16.49 -6.8362%11/26/2008 16.95 2.7896%11/25/2008 15.2 -10.3245%11/24/2008 14.8 -2.6316%11/19/2008 12 -18.9189%11/18/2008 12.05 0.4167%

11/17/2008 12.5 3.7344%11/14/2008 13 4.0000%11/13/2008 14.38 10.6154%11/12/2008 12.45 -13.4214%11/11/2008 13.9 11.6466%11/10/2008 14.2 2.1583%11/7/2008 13.21 -6.9718%11/6/2008 12.5 -5.3747%11/5/2008 14.5 16.0000%11/4/2008 15 3.4483%11/3/2008 12.85 -14.3333%10/31/2008 12.44 -3.1907%10/30/2008 12.15 -2.3312%10/29/2008 11.65 -4.1152%10/28/2008 10.5 -9.8712%10/27/2008 10.1 -3.8095%10/24/2008 11.1 9.9010%10/23/2008 10.65 -4.0541%10/22/2008 12.57 18.0282%10/21/2008 14.72 17.1042%10/20/2008 15.73 6.8614%10/17/2008 14.8 -5.9123%10/16/2008 14.4 -2.7027%10/15/2008 16.42 14.0278%10/14/2008 19.7 19.9756%10/13/2008 19.03 -3.4010%10/10/2008 17.75 -6.7262%10/9/2008 20.2 13.8028%10/7/2008 19.88 -1.5842%10/6/2008 20.7 4.1247%10/3/2008 21 1.4493%10/2/2008 20.68 -1.5238%10/1/2008 24.02 16.1509%9/30/2008 23.1 -3.8301%9/29/2008 22.99 -0.4762%9/26/2008 23.42 1.8704%9/25/2008 23.6 0.7686%9/24/2008 23.2 -1.6949%9/23/2008 23.65 1.9397%9/22/2008 24.62 4.1015%9/19/2008 23.19 -5.8083%9/18/2008 20.8 -10.3062%9/17/2008 19.7 -5.2885%

9/16/2008 18.16 -7.8173%9/15/2008 17.26 -4.9559%9/12/2008 17.84 3.3604%9/11/2008 16.1 -9.7534%9/10/2008 16.9 4.9689%9/9/2008 16.5 -2.3669%9/8/2008 18.35 11.2121%9/5/2008 19 3.5422%9/4/2008 19.41 2.1579%9/3/2008 20.3 4.5853%9/2/2008 21.7 6.8966%9/1/2008 23.15 6.6820%8/29/2008 23.24 0.3888%8/28/2008 23.5 1.1188%8/27/2008 23 -2.1277%8/26/2008 22.05 -4.1304%8/25/2008 22.55 2.2676%8/22/2008 22.5 -0.2217%8/21/2008 23.3 3.5556%8/20/2008 21.9 -6.0086%8/19/2008 22.65 3.4247%8/18/2008 21.72 -4.1060%8/15/2008 21.3 -1.9337%8/14/2008 21.71 1.9249%8/13/2008 22.52 3.7310%8/12/2008 21.67 -3.7744%8/11/2008 21.2 -2.1689%8/8/2008 21.7 2.3585%8/7/2008 22.82 5.1613%8/6/2008 23.65 3.6372%8/5/2008 23.5 -0.6342%8/4/2008 24.39 3.7872%8/1/2008 26.05 6.8061%7/31/2008 27 3.6468%7/30/2008 27.8 2.9630%7/25/2008 31 11.5108%7/24/2008 30.1 -2.9032%7/23/2008 31 2.9900%7/22/2008 32.85 5.9677%7/1/2008 66 100.9132%6/30/2008 65.4 -0.9091%6/27/2008 64.4 -1.5291%6/26/2008 62 -3.7267%

6/25/2008 60 -3.2258%6/24/2008 60 0.0000%6/23/2008 60.2 0.3333%6/20/2008 61.45 2.0764%6/19/2008 62.5 1.7087%6/18/2008 62.7 0.3200%6/17/2008 63.9 1.9139%6/16/2008 62.21 -2.6448%6/13/2008 62.41 0.3215%6/12/2008 61.2 -1.9388%6/11/2008 61.8 0.9804%6/10/2008 62.5 1.1327%6/9/2008 67.2 7.5200%6/6/2008 69.5 3.4226%6/5/2008 67.5 -2.8777%6/4/2008 68 0.7407%6/3/2008 68.2 0.2941%6/2/2008 68.4 0.2933%5/30/2008 66.3 -3.0702%5/29/2008 64.5 -2.7149%5/28/2008 66.1 2.4806%5/27/2008 65 -1.6641%5/26/2008 67.5 3.8462%5/23/2008 65.9 -2.3704%5/22/2008 66.1 0.3035%5/21/2008 67.93 2.7685%5/20/2008 67.6 -0.4858%5/19/2008 67.2 -0.5917%5/14/2008 63 -6.2500%5/13/2008 63.05 0.0794%5/12/2008 64.25 1.9033%5/9/2008 64.39 0.2179%5/8/2008 66.5 3.2769%5/7/2008 65.8 -1.0526%5/6/2008 64.77 -1.5653%5/5/2008 63.5 -1.9608%5/2/2008 60.5 -4.7244%4/30/2008 63.5 4.9587%4/29/2008 63.81 0.4882%4/28/2008 63.1 -1.1127%4/25/2008 63.3 0.3170%4/24/2008 62.7 -0.9479%4/23/2008 67.65 7.8947%

4/22/2008 69.62 2.9120%4/21/2008 70 0.5458%4/18/2008 71.24 1.7714%4/17/2008 74 3.8742%4/16/2008 73.3 -0.9459%4/15/2008 70.2 -4.2292%4/14/2008 68.75 -2.0655%4/11/2008 69.35 0.8727%4/10/2008 69.25 -0.1442%4/9/2008 70.4 1.6606%4/8/2008 68.94 -2.0739%4/7/2008 71.4 3.5683%4/4/2008 70 -1.9608%4/3/2008 68.1 -2.7143%4/2/2008 68.5 0.5874%4/1/2008 66.31 -3.1971%3/31/2008 68.5 3.3027%3/28/2008 71.15 3.8686%3/27/2008 73.2 2.8812%3/26/2008 72.5 -0.9563%3/25/2008 68.9 -4.9655%3/24/2008 65 -5.6604%3/19/2008 71.53 10.0462%3/18/2008 80 11.8412%3/17/2008 81.5 1.8750%3/14/2008 83.5 2.4540%3/13/2008 80.1 -4.0719%3/12/2008 78.9 -1.4981%3/11/2008 77 -2.4081%3/10/2008 74.25 -3.5714%3/7/2008 75.8 2.0875%3/6/2008 78.6 3.6939%3/5/2008 77.15 -1.8448%3/4/2008 75.55 -2.0739%3/3/2008 76.8 1.6545%2/29/2008 76.3 -0.6510%2/28/2008 77.15 1.1140%2/27/2008 74.5 -3.4349%2/26/2008 71.9 -3.4899%2/25/2008 72.42 0.7232%2/22/2008 72.1 -0.4419%2/21/2008 72.5 0.5548%2/20/2008 72.5 0.0000%

2/19/2008 70 -3.4483%2/18/2008 67.36 -3.7714%2/15/2008 67.36 0.0000%2/14/2008 69.19 2.7167%2/13/2008 70 1.1707%2/12/2008 68.5 -2.1429%2/11/2008 69 0.7299%2/8/2008 71.3 3.3333%2/7/2008 67 -6.0309%2/6/2008 64 -4.4776%2/5/2008 62.5 -2.3438%2/4/2008 65.17 4.2720%2/1/2008 65.92 1.1508%1/31/2008 67.2 1.9417%1/30/2008 66.7 -0.7440%1/29/2008 65.5 -1.7991%1/28/2008 66 0.7634%1/25/2008 64.5 -2.2727%1/24/2008 61 -5.4264%1/23/2008 57.5 -5.7377%1/22/2008 61 6.0870%1/21/2008 58 -4.9180%1/18/2008 61.31 5.7069%1/17/2008 60.7 -0.9949%1/16/2008 63.45 4.5305%1/15/2008 66.75 5.2009%1/14/2008 69 3.3708%1/11/2008 67.5 -2.1739%1/10/2008 65.1 -3.5556%1/9/2008 64.21 -1.3671%1/8/2008 63.7 -0.7943%1/7/2008 63.35 -0.5495%1/4/2008 62.2 -1.8153%1/3/2008 63.05 1.3666%1/2/2008 60.5 -4.0444%



Promedio 0.169%


Prueba Z -0.031976


02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/20110

20

40

60

80

100

120

140

160

180


12/1/201111/30/201111/29/201111/28/201111/25/201111/24/201111/23/201111/22/201111/21/201111/18/201111/17/201111/16/2011

Fecha cotización

28/04/07

14/11/07

01/06/08

18/12/08

06/07/09

22/01/10

10/08/10

26/02/11

14/09/11

01/04/12

0

20

40

60

80

100

120

140

160

180

200

f(x) = − 0.0106298827701917 x + 521.764753968573R² = 0.0192803167867059


Fechas

Coti

zacion

es

11/15/201111/14/201111/11/201111/10/201111/9/201111/8/201111/7/201111/4/201111/3/201111/2/201110/31/201110/28/201110/27/201110/26/201110/25/201110/24/201110/21/201110/20/201110/19/201110/18/201110/17/201110/14/201110/13/201110/12/201110/11/201110/10/201110/7/201110/6/201110/5/201110/4/201110/3/20119/30/20119/29/20119/28/20119/27/20119/26/20119/23/20119/22/20119/21/20119/20/20119/19/20119/16/20119/15/2011

9/14/20119/13/20119/12/20119/9/20119/8/20119/7/20119/6/20119/5/20119/2/20119/1/20118/31/20118/29/20118/26/20118/25/20118/24/20118/23/20118/22/20118/19/20118/18/20118/17/20118/16/20118/15/20118/12/20118/11/20118/10/20118/9/20118/8/20118/5/20118/4/20118/3/20118/2/20118/1/20117/27/20117/26/20117/25/20117/22/20117/21/20117/20/20117/19/20117/18/20117/15/20117/14/20117/13/2011

7/12/20117/11/20117/8/20117/7/20117/6/20117/5/20117/4/20117/1/20116/30/20116/28/20116/27/20116/24/20116/23/20116/22/20116/21/20116/20/20116/17/20116/16/20116/15/20116/14/20116/13/20116/10/20116/9/20116/8/20116/7/20116/6/20116/3/20116/2/20116/1/20115/31/20115/30/20115/27/20115/26/20115/25/20115/24/20115/23/20115/20/20115/19/20115/18/20115/17/20115/16/20115/13/20115/12/2011

5/11/20115/10/20115/9/20115/6/20115/5/20115/4/20115/3/20115/2/20114/29/20114/28/20114/27/20114/26/20114/25/20114/20/20114/19/20114/18/20114/15/20114/14/20114/13/20114/12/20114/11/20114/8/20114/7/20114/6/20114/5/20114/4/20114/1/20113/31/20113/30/20113/29/20113/28/20113/25/20113/24/20113/23/20113/22/20113/21/20113/18/20113/17/20113/16/20113/15/20113/14/20113/11/20113/10/2011

3/9/20113/8/20113/7/20113/4/20113/3/20113/2/20113/1/20112/28/20112/25/20112/24/20112/23/20112/22/20112/21/20112/18/20112/17/20112/16/20112/15/20112/14/20112/11/20112/10/20112/9/20112/8/20112/7/20112/4/20112/3/20112/2/20112/1/20111/31/20111/28/20111/27/20111/26/20111/25/20111/24/20111/21/20111/20/20111/19/20111/18/20111/17/20111/14/20111/13/20111/12/20111/11/20111/10/2011

1/7/20111/6/20111/5/20111/4/20111/3/201112/1/201011/30/201011/29/201011/26/201011/25/201011/24/201011/23/201011/22/201011/19/201011/18/201011/17/201011/16/201011/15/201011/12/201011/11/201010/1/20109/30/20109/29/20109/28/20109/27/20109/24/20109/23/20109/22/20109/21/20109/20/20109/17/20109/16/20109/15/20109/14/20109/13/20109/10/20109/9/20109/8/20109/7/20109/6/20109/3/20109/2/20109/1/2010

8/31/20108/27/20108/26/20108/25/20108/24/20108/23/20108/20/20108/19/20108/18/20108/17/20108/16/20108/13/20108/12/20108/11/20108/10/20108/9/20108/6/20108/5/20108/4/20108/3/20108/2/20107/30/20107/27/20107/26/20107/23/20107/22/20107/21/20107/20/20107/19/20107/16/20107/15/20107/14/20107/13/20107/12/20107/9/20107/8/20107/7/20107/6/20107/5/20107/2/20107/1/20106/30/20106/28/2010

6/25/20106/24/20106/23/20106/22/20106/21/20106/18/20106/17/20106/16/20106/15/20106/14/20106/11/20106/10/20106/9/20106/8/20106/7/20106/4/20106/3/20106/2/20106/1/20105/31/20105/28/20105/27/20105/26/20105/25/20105/24/20105/21/20105/20/20105/19/20105/18/20105/17/20105/14/20105/13/20105/12/20105/11/20105/10/20105/7/20105/6/20105/5/20105/4/20105/3/20104/30/20104/29/20104/28/2010

4/27/20104/26/20104/23/20104/22/20104/21/20104/20/20104/19/20104/16/20104/15/20104/14/20104/13/20104/12/20104/9/20104/8/20104/7/20104/6/20104/5/20103/31/20103/30/20103/29/20103/26/20103/25/20103/24/20103/23/20103/22/20103/19/20103/18/20103/17/20103/16/20103/15/20103/12/20103/11/20103/10/20103/9/20103/8/20103/5/20103/4/20103/3/20103/2/20103/1/20102/26/20102/25/20102/24/2010

2/23/20102/22/20102/19/20102/18/20102/17/20102/16/20102/15/20102/12/20102/11/20102/10/20102/9/20102/8/20102/5/20102/4/20102/3/20102/2/20102/1/20101/29/20101/28/20101/27/20101/26/20101/25/20101/22/20101/21/20101/20/20101/19/20101/18/20101/15/20101/14/20101/13/20101/12/20101/11/20101/8/20101/7/20101/6/20101/5/20101/4/201012/1/200911/30/200911/27/200911/26/200911/25/200911/24/2009

11/23/200911/20/200911/19/200911/18/200911/17/200911/16/200911/13/200911/12/200911/11/200911/10/200911/9/200911/6/200911/5/200911/4/200911/3/200911/2/200910/30/200910/29/200910/28/200910/27/200910/26/200910/23/200910/22/200910/21/200910/20/200910/19/200910/16/200910/15/200910/14/200910/13/200910/12/200910/9/200910/7/200910/6/200910/5/200910/2/200910/1/20099/30/20099/29/20099/28/20099/25/20099/24/20099/23/2009

9/22/20099/21/20099/18/20099/17/20099/16/20099/15/20099/14/20099/11/20099/10/20099/9/20099/8/20099/7/20099/4/20099/3/20099/2/20099/1/20098/31/20098/28/20098/27/20098/26/20098/25/20098/24/20098/21/20098/20/20098/19/20098/18/20098/17/20098/14/20098/13/20098/12/20098/11/20098/10/20098/7/20098/6/20098/5/20098/4/20098/3/20097/31/20097/30/20097/24/20097/23/20097/22/20097/21/2009

7/20/20097/17/20097/16/20097/15/20097/14/20097/13/20097/10/20097/9/20097/8/20097/7/20097/6/20097/3/20097/2/20097/1/20096/30/20096/26/20096/25/20096/24/20096/23/20096/22/20096/19/20096/18/20096/17/20096/16/20096/15/20096/12/20096/11/20096/10/20096/9/20096/8/20096/5/20096/4/20096/3/20096/2/20096/1/20095/29/20095/28/20095/27/20095/26/20095/25/20095/22/20095/21/20095/20/2009

5/19/20095/18/20095/15/20095/14/20095/13/20095/12/20095/11/20095/8/20095/7/20095/6/20095/5/20095/4/20094/30/20094/29/20094/28/20094/27/20094/24/20094/23/20094/22/20094/21/20094/20/20094/17/20094/16/20094/15/20094/14/20094/13/20094/8/20094/7/20094/6/20094/3/20094/2/20094/1/20093/31/20093/30/20093/27/20093/26/20093/25/20093/24/20093/23/20093/20/20093/19/20093/18/20093/17/2009

3/16/20093/13/20093/12/20093/11/20093/10/20093/9/20093/6/20093/5/20093/4/20093/3/20093/2/20092/27/20092/26/20092/25/20092/24/20092/23/20092/20/20092/19/20092/18/20092/17/20092/16/20092/13/20092/12/20092/11/20092/10/20092/9/20092/6/20092/5/20092/4/20092/3/20092/2/20091/30/20091/29/20091/28/20091/27/20091/26/20091/23/20091/22/20091/21/20091/20/20091/19/20091/16/20091/15/2009

1/14/20091/13/20091/12/20091/9/20091/8/20091/7/20091/6/20091/5/200912/1/200811/28/200811/27/200811/26/200811/25/200811/24/200811/19/200811/18/200811/17/200811/14/200811/13/200811/12/200811/11/200811/10/200811/7/200811/6/200811/5/200811/4/200811/3/200810/31/200810/30/200810/29/200810/28/200810/27/200810/24/200810/23/200810/22/200810/21/200810/20/200810/17/200810/16/200810/15/200810/14/200810/13/200810/10/2008

10/9/200810/7/200810/6/200810/3/200810/2/200810/1/20089/30/20089/29/20089/26/20089/25/20089/24/20089/23/20089/22/20089/19/20089/18/20089/17/20089/16/20089/15/20089/12/20089/11/20089/10/20089/9/20089/8/20089/5/20089/4/20089/3/20089/2/20089/1/20088/29/20088/28/20088/27/20088/26/20088/25/20088/22/20088/21/20088/20/20088/19/20088/18/20088/15/20088/14/20088/13/20088/12/20088/11/2008

8/8/20088/7/20088/6/20088/5/20088/4/20088/1/20087/31/20087/30/20087/25/20087/24/20087/23/20087/22/20087/1/20086/30/20086/27/20086/26/20086/25/20086/24/20086/23/20086/20/20086/19/20086/18/20086/17/20086/16/20086/13/20086/12/20086/11/20086/10/20086/9/20086/6/20086/5/20086/4/20086/3/20086/2/20085/30/20085/29/20085/28/20085/27/20085/26/20085/23/20085/22/20085/21/20085/20/2008

5/19/20085/14/20085/13/20085/12/20085/9/20085/8/20085/7/20085/6/20085/5/20085/2/20084/30/20084/29/20084/28/20084/25/20084/24/20084/23/20084/22/20084/21/20084/18/20084/17/20084/16/20084/15/20084/14/20084/11/20084/10/20084/9/20084/8/20084/7/20084/4/20084/3/20084/2/20084/1/20083/31/20083/28/20083/27/20083/26/20083/25/20083/24/20083/19/20083/18/20083/17/20083/14/20083/13/2008

3/12/20083/11/20083/10/20083/7/20083/6/20083/5/20083/4/20083/3/20082/29/20082/28/20082/27/20082/26/20082/25/20082/22/20082/21/20082/20/20082/19/20082/18/20082/15/20082/14/20082/13/20082/12/20082/11/20082/8/20082/7/20082/6/20082/5/20082/4/20082/1/20081/31/20081/30/20081/29/20081/28/20081/25/20081/24/20081/23/20081/22/20081/21/20081/18/20081/17/20081/16/20081/15/20081/14/2008

1/11/20081/10/20081/9/20081/8/20081/7/20081/4/20081/3/20081/2/2008

Cotizaciones Históricas de las Acciones BVN (4 años)

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/20110

20

40

60

80

100

120

140

160

180


Gráfica 2

Rendimiento

0.0000%3.0065%-1.2437%-0.7453%3.0554%0.5025% Gráfica del Rendimiento de las acciones0.0000%0.0000%-1.4250%0.0507%2.6616%7.6543%

28/04/07

14/11/07

01/06/08

18/12/08

06/07/09

22/01/10

10/08/10

26/02/11

14/09/11

01/04/12

0

20

40

60

80

100

120

140

160

180

200

f(x) = − 0.0106298827701917 x + 521.764753968573R² = 0.0192803167867059


Fechas

Coti

zacion

es

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-50.0000%

0.0000%

50.0000%

100.0000%

150.0000%

200.0000%

0.2294%0.3432%0.3421%-1.1364%0.8046%3.1927%-0.9282%-3.6360%0.9259%-3.1422%-2.5337%5.0777%-2.1965%-0.1182%-0.8284%-3.3413%-4.6914%-1.5544%1.3158%3.4545%1.9332%2.2167%-2.0482%3.3210%-1.4286%-2.4155%-0.7426%-1.4963%0.0000%-7.5949%3.0137%0.9309%-0.8696%2.2063%4.7594%-0.6455%-0.2999%5.7644%15.1185%-4.0758%-3.0043%-0.4425%0.0000%

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-50.0000%

0.0000%

50.0000%

100.0000%

150.0000%

200.0000%

1.1111%1.5604%-1.5365%1.0989%2.2826%-1.8066%2.8139%-0.4211%0.5920%-2.2699%0.0645%-0.9241%-0.1085%0.1303%-3.3398%-0.1571%1.7978%-1.7660%-4.0449%-0.4684%-2.7294%2.3222%-1.3002%1.2455%-3.4776%0.9804%-1.6990%-1.7778%-0.9553%4.8223%1.3317%-3.2258%1.7778%3.4692%-1.5240%0.0000%1.6667%-0.4684%-1.8824%-0.9592%-3.1235%-1.8745%-1.9358%

-2.5974%-1.6000%0.8130%-1.0753%1.4946%0.1606%-0.5613%0.0000%1.6129%-1.4286%-2.0397%1.9726%1.0210%-1.3298%-0.2695%-1.9459%1.8467%0.1353%1.3514%0.0000%0.0000%0.0000%0.8000%-4.7619%0.5833%2.4579%13.2075%2.6190%-4.2691%6.1561%-4.1096%4.7381%-1.1366%-2.2764%-1.8824%-1.1990%-0.4854%-0.7317%-0.4914%-1.8025%-1.1818%-1.8830%1.6598%

1.1735%3.3787%1.8293%-1.7964%-3.4146%4.1667%-1.0909%0.9559%1.4809%-4.3062%-5.0000%-1.3158%2.6667%2.3377%0.0000%-2.8680%2.6914%-1.7812%0.0259%1.7871%5.8524%3.6538%-0.9740%2.9274%0.1138%-3.6364%-0.2358%2.3641%-2.7714%-0.0713%0.9033%3.1802%4.2237%-2.5192%-2.3596%1.2658%-3.9773%-1.4911%1.5137%1.7751%0.8140%0.5767%-3.4404%

4.5131%0.9091%2.7027%0.8772%-1.0870%3.4066%-0.5313%-1.4957%-1.2798%0.4175%0.6565%-1.0870%1.0989%-2.3913%-4.0089%-1.3921%0.3529%-3.6342%-2.6521%1.4746%4.0640%5.0888%1.3514%-2.4444%3.1891%-2.8698%0.0000%-7.0227%2.3466%-0.2866%2.0359%-4.9296%1.7037%-0.4613%2.5610%2.7348%2.0833%-1.5873%-1.7281%0.8206%2.2093%1.2514%0.0000%

1.7978%-0.4415%3.1042%-0.2151%3.4483%8.9583%-2.9637%5.3990%0.6169%1.6351%-0.1828%0.0000%1.2821%-3.2550%0.0000%-1.3084%-2.2727%3.1008%1.1278%2.2305%

-15.8182%-3.2397%0.2232%-2.6726%-5.1487%0.1206%1.1807%-1.4051%1.2560%-0.5248%-0.7674%-0.3142%-0.3636%1.4599%-0.9592%-2.4213%0.0248%1.4637%0.5868%-0.5834%0.0000%1.7115%-0.7212%

-0.7022%-1.7313%-1.9603%-1.0377%-3.5806%-0.2387%-0.1329%0.4260%1.8028%-0.6250%0.1048%-0.7853%-0.7916%-4.5213%2.4513%-1.3594%0.6064%-0.4110%-0.4127%0.6906%1.5089%5.4054%-3.7179%3.8615%1.0256%0.4315%-2.0723%-0.1290%-3.7468%2.5503%2.8010%0.5857%0.6329%-2.0629%0.1798%-3.5897%-0.1330%-1.9973%-1.3587%1.9284%0.0000%4.5946%2.4806%

1.3868%-1.2683%-2.2670%-0.2577%-0.2326%2.5641%-1.2626%0.3836%-0.5096%-1.9206%0.1305%0.6519%-3.7565%0.9421%-1.6000%-1.7615%1.2414%-0.2725%-3.0055%1.4085%0.0000%-0.6944%-3.1608%0.2311%-0.5764%-2.8986%1.7910%4.1056%5.9155%-0.3989%-0.6676%-2.4194%1.6529%-0.8401%-7.0784%-2.6471%-1.2085%-2.4465%0.9404%0.1553%2.3256%0.0000%0.4545%

-4.9774%-2.2857%2.9565%-1.8618%-0.2572%-0.2257%1.7771%0.6349%1.6088%1.8317%0.6098%3.6364%0.5848%0.2907%0.4348%-3.6075%-1.1976%-6.5152%-0.3241%2.0813%-1.5610%-4.2071%1.3514%3.3333%0.8065%1.4400%3.8170%2.2486%-1.9316%-2.7273%0.9346%0.6173%0.6748%2.0719%1.7910%-1.0264%-2.8148%2.1341%4.1791%-2.5788%-2.0588%-2.4024%-1.5385%

0.0000%3.1250%-0.3030%-0.2432%2.4375%2.3498%-1.9762%-0.3854%-1.1905%-3.9157%-0.6270%-4.7319%0.3311%0.3300%4.7697%2.7002%-0.0306%-3.6697%3.8095%-0.8563%-0.3701%0.9288%1.8405%0.0000%3.7952%4.0337%-2.3431%-0.0286%2.8000%0.0556%0.0000%4.1667%-0.5333%0.5362%-1.3333%-1.8919%-3.8567%18.9112%-4.8193%1.1899%3.8279%0.0000%-2.6506%

1.4851%-3.6585%1.2658%-1.2500%0.8861%-0.7528%-5.2339%-1.0139%3.5040%0.9115%0.6710%-5.1525%-0.2973%0.2982%-1.0811%-8.6066%-0.0897%6.0742%-5.7828%7.1557%0.0279%3.6313%0.5121%2.7085%-3.6554%-0.1626%6.1075%-0.7419%1.2371%-1.9857%-1.8182%1.3228%-1.8277%-2.3138%-6.8881%-2.2807%0.8378%4.0653%-2.1956%-3.5277%-0.9973%1.3431%2.4096%

0.8529%-2.5955%1.4970%-0.2950%0.0296%-6.8323%-4.1270%1.0265%0.3605%-3.3312%3.4122%-6.7298%0.2452%-2.6904%-5.6373%-4.9848%0.9211%1.9841%-1.3619%-0.9862%0.9960%-0.1972%0.9881%2.3875%-1.3761%-3.4884%-1.2048%7.2764%-0.7958%-1.4515%-1.0465%0.5875%2.2196%1.3333%2.4060%2.7900%-3.2143%-4.4649%-3.6307%-1.6032%1.6293%-2.3647%1.1905%

1.0142%-6.0241%-0.4274%-0.5150%-5.0906%-2.2727%0.0000%1.0698%-0.1381%5.8525%3.1345%2.8282%-0.2463%5.1440%-5.7143%4.6077%1.1905%-3.1373%-1.6194%-6.1728%9.6491%-0.4000%1.6064%1.1858%1.1719%4.7104%3.2448%-1.0714%-2.1661%-0.5535%-0.9276%5.6180%-3.7589%7.5903%-1.7123%-0.6969%-0.5263%-4.9383%2.4119%5.0725%-1.7241%-4.2105%-1.0989%

-2.5926%-4.9430%2.0000%0.5882%0.3899%1.3592%-5.7471%-0.6911%-1.7601%2.7083%-6.2880%-1.7316%-6.9604%6.7708%-3.3259%1.3761%0.0000%-6.7873%-4.3689%3.8071%2.6895%-1.4286%2.1739%6.0047%-0.1784%1.6533%-1.0989%-1.3333%-2.7027%4.6296%5.9735%3.5491%-3.2258%-2.0833%-1.7021%6.0606%-2.0408%-2.0833%1.4894%-5.2411%-0.4425%-9.7778%-8.1281%

5.7373%2.9412%-1.9704%-4.5226%-8.1579%5.1576%2.4523%-2.1277%-3.3696%0.6749%-1.2849%9.2247%-1.2953%2.3622%2.0513%7.0854%2.6279%-3.0636%2.3585%0.9217%-4.1096%-1.9048%4.3689%-0.4651%-10.2336%6.7153%0.0000%-5.3659%-3.2474%-6.7661%1.7143%6.3483%0.3170%-2.5803%-1.0811%-0.1639%1.9157%

-11.1171%2.7190%-2.6471%1.5106%-0.2976%-8.0597%

-6.1688%10.6574%-0.6879%7.0529%1.1765%-4.0116%12.3561%8.3558%

-27.8607%22.0690%-6.8362%2.7896%

-10.3245%-2.6316%-18.9189%0.4167%3.7344%4.0000%10.6154%-13.4214%11.6466%2.1583%-6.9718%-5.3747%16.0000%3.4483%

-14.3333%-3.1907%-2.3312%-4.1152%-9.8712%-3.8095%9.9010%-4.0541%18.0282%17.1042%6.8614%-5.9123%-2.7027%14.0278%19.9756%-3.4010%-6.7262%

13.8028%-1.5842%4.1247%1.4493%-1.5238%16.1509%-3.8301%-0.4762%1.8704%0.7686%-1.6949%1.9397%4.1015%-5.8083%-10.3062%-5.2885%-7.8173%-4.9559%3.3604%-9.7534%4.9689%-2.3669%11.2121%3.5422%2.1579%4.5853%6.8966%6.6820%0.3888%1.1188%-2.1277%-4.1304%2.2676%-0.2217%3.5556%-6.0086%3.4247%-4.1060%-1.9337%1.9249%3.7310%-3.7744%-2.1689%

2.3585%5.1613%3.6372%-0.6342%3.7872%6.8061%3.6468%2.9630%11.5108%-2.9032%2.9900%5.9677%

100.9132%-0.9091%-1.5291%-3.7267%-3.2258%0.0000%0.3333%2.0764%1.7087%0.3200%1.9139%-2.6448%0.3215%-1.9388%0.9804%1.1327%7.5200%3.4226%-2.8777%0.7407%0.2941%0.2933%-3.0702%-2.7149%2.4806%-1.6641%3.8462%-2.3704%0.3035%2.7685%-0.4858%

-0.5917%-6.2500%0.0794%1.9033%0.2179%3.2769%-1.0526%-1.5653%-1.9608%-4.7244%4.9587%0.4882%-1.1127%0.3170%-0.9479%7.8947%2.9120%0.5458%1.7714%3.8742%-0.9459%-4.2292%-2.0655%0.8727%-0.1442%1.6606%-2.0739%3.5683%-1.9608%-2.7143%0.5874%-3.1971%3.3027%3.8686%2.8812%-0.9563%-4.9655%-5.6604%10.0462%11.8412%1.8750%2.4540%-4.0719%

-1.4981%-2.4081%-3.5714%2.0875%3.6939%-1.8448%-2.0739%1.6545%-0.6510%1.1140%-3.4349%-3.4899%0.7232%-0.4419%0.5548%0.0000%-3.4483%-3.7714%0.0000%2.7167%1.1707%-2.1429%0.7299%3.3333%-6.0309%-4.4776%-2.3438%4.2720%1.1508%1.9417%-0.7440%-1.7991%0.7634%-2.2727%-5.4264%-5.7377%6.0870%-4.9180%5.7069%-0.9949%4.5305%5.2009%3.3708%

-2.1739%-3.5556%-1.3671%-0.7943%-0.5495%-1.8153%1.3666%-4.0444%

Cotizaciones Históricas de las Acciones BVN (4 años)

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/20110

20

40

60

80

100

120

140

160

180

Gráfica del Rendimiento de las acciones

28/04/07

14/11/07

01/06/08

18/12/08

06/07/09

22/01/10

10/08/10

26/02/11

14/09/11

01/04/12

0

20

40

60

80

100

120

140

160

180

200

f(x) = − 0.0106298827701917 x + 521.764753968573R² = 0.0192803167867059


Fechas

Coti

zacion

es

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-50.0000%

0.0000%

50.0000%

100.0000%

150.0000%

200.0000%

02/01/2008 02/06/2008 02/11/2008 02/04/2009 02/09/2009 02/02/2010 02/07/2010 02/12/2010 02/05/2011 02/10/2011

-50.0000%

0.0000%

50.0000%

100.0000%

150.0000%

200.0000%

COMPAÑIA DE MINAS BUENAVENTURA S.A.A.Fecha compra: 2/16/2011

Tipo de cambio: 2.77

Nombre Nemónico Moneda Cotización(S/.) BUENAVENTURA S.A.A. BUENAVC1 Soles 115.75

Fecha venta: 3/15/2011Tipo de cambio: 2.78

Nombre Nemónico Moneda Cotización(S/.) BUENAVENTURA S.A.A. BUENAVC1 Soles 122.3

US$

2.21

Evolución de las AccionesFecha Cotización

2/16/2011 115.752/17/2011 118.32/18/2011 118.32/21/2011 1252/22/2011 124.62/23/2011 129.52/24/2011 129.52/25/2011 125.382/28/2011 1273/1/2011 130.653/2/2011 130.653/3/2011 1303/4/2011 1303/7/2011 1303/8/2011 121.553/9/2011 122.33/10/2011 122.33/11/2011 122.33/14/2011 122.3

Valor Acción Neto

16/02/2011

17/02/2011

18/02/2011

21/02/2011

22/02/2011

23/02/2011

24/02/2011

25/02/2011

28/02/2011

01/03/2011

02/03/2011

03/03/2011

04/03/2011

07/03/2011

08/03/2011

09/03/2011

10/03/2011

11/03/2011

14/03/2011

15/03/2011

105

110

115

120

125

130

135

Evolución de las Acciones BUENAVENTURA S.A.ACotizacionesLinear (Cotizaciones)

3/15/2011 122.3

16/02/2011

17/02/2011

18/02/2011

21/02/2011

22/02/2011

23/02/2011

24/02/2011

25/02/2011

28/02/2011

01/03/2011

02/03/2011

03/03/2011

04/03/2011

07/03/2011

08/03/2011

09/03/2011

10/03/2011

11/03/2011

14/03/2011

15/03/2011

105

110

115

120

125

130

135
