Cherat-Cement-Company

Limited

Y X Y1
Stock Market Actual Stock
S# Date Daily Rf Mkt Return Y-Rf
Price Index Return

1 4-Jan-10 12.7 9437 0.000482 0 0 -0.000482

2 5-Jan-10 12.85 9657 0.000482 0.01181102 0.02331249 0.011329024
3 6-Jan-10 12.78 9727 0.000482 -0.00544747 0.00724863 -0.00592947
4 7-Jan-10 12.83 9737 0.000482 0.00391236 0.00102807 0.003430363
5 8-Jan-10 13.1 9776 0.000482 0.02104443 0.00400534 0.020562427
6 11-Jan-10 13.13 9797 0.000482 0.00229008 0.00214812 0.001808076
7 12-Jan-10 13.1 9780 0.000477 -0.00228484 -0.00173523 -0.00276184
8 13-Jan-10 13.03 9784 0.000477 -0.00534351 0.000409 -0.00582051
9 14-Jan-10 13.2 9802 0.000477 0.01304682 0.00183974 0.012569815
10 15-Jan-10 13.12 9923 0.000477 -0.00606061 0.01234442 -0.00653761
11 18-Jan-10 13.11 9895 0.000477 -0.0007622 -0.00282173 -0.0012392
12 19-Jan-10 13.16 9954 0.000477 0.00381388 0.00596261 0.003336883
13 20-Jan-10 13.4 9904 0.000477 0.01823708 -0.00502311 0.017760082
14 21-Jan-10 13.11 9753 0.000477 -0.02164179 -0.01524637 -0.02211879
15 22-Jan-10 13.5 9774 0.000477 0.02974828 0.00215318 0.029271284
16 25-Jan-10 13.2 9696 0.000477 -0.02222222 -0.00798036 -0.02269922
17 26-Jan-10 13.4 9666 0.000475 0.01515152 -0.00309406 0.014676515
18 27-Jan-10 13.2 9603 0.000475 -0.01492537 -0.00651769 -0.01540037
19 28-Jan-10 13.32 9579 0.000475 0.00909091 -0.00249922 0.008615909
20 29-Jan-10 13.52 9614 0.000475 0.01501502 0.00365383 0.014540015
21 1-Feb-10 13.26 9591 0.000475 -0.01923077 -0.00239234 -0.01970577
22 2-Feb-10 13.26 9595 0.000475 0 0.00041706 -0.000475
23 3-Feb-10 13.89 9627 0.000475 0.04751131 0.00333507 0.047036312
24 4-Feb-10 13.78 9769 0.000475 -0.00791937 0.01475018 -0.00839437
25 8-Feb-10 14.22 9809 0.000475 0.03193033 0.00409458 0.031455334
26 9-Feb-10 14.29 9786 0.000475 0.00492264 -0.00234479 0.004447644
27 10-Feb-10 13.86 9733 0.000477 -0.03009097 -0.0054159 -0.03056797
28 11-Feb-10 13.85 9802 0.000477 -0.0007215 0.00708928 -0.0011985
29 12-Feb-10 13.71 9805 0.000477 -0.0101083 0.00030606 -0.0105853
30 15-Feb-10 13.7 9701 0.000477 -0.00072939 -0.01060683 -0.00120639
31 16-Feb-10 13.7 9769 0.000477 0 0.00700959 -0.000477
32 17-Feb-10 13.5 9867 0.000477 -0.01459854 0.01003173 -0.01507554
33 18-Feb-10 13.8 9897 0.000477 0.02222222 0.00304044 0.021745222
34 19-Feb-10 13.05 9902 0.000477 -0.05434783 0.0005052 -0.05482483
35 22-Feb-10 13.4 9953 0.000477 0.02681992 0.00515047 0.026342923
36 23-Feb-10 12.69 9823 0.000477 -0.05298507 -0.01306139 -0.05346207
37 24-Feb-10 13.35 9686 0.000487 0.05200946 -0.01394686 0.051522456
38 25-Feb-10 12.81 9667 0.000487 -0.04044944 -0.00196159 -0.04093644
39 1-Mar-10 12.5 9498 0.000487 -0.02419984 -0.01748216 -0.02468684
40 2-Mar-10 12.06 9546 0.000487 -0.0352 0.0050537 -0.035687
41 3-Mar-10 11.75 9419 0.000487 -0.02570481 -0.013304 -0.02619181
42 4-Mar-10 11.1 9511 0.000487 -0.05531915 0.00976749 -0.05580615
43 5-Mar-10 11.11 9626 0.000487 0.0009009 0.01209126 0.000413901
44 8-Mar-10 11.48 9740 0.000487 0.03330333 0.01184293 0.03281633

Shining Path
 Cherat-Cement-Company
Limited

45 9-Mar-10 11.04 9787 0.000487 -0.03832753 0.00482546 -0.03881453

46 10-Mar-10 10.99 9784 0.000487 -0.00452899 -0.00030653 -0.00501599
47 11-Mar-10 11.08 9879 0.000487 0.00818926 0.00970973 0.007702263
48 12-Mar-10 10.76 10025 0.000487 -0.02888087 0.01477882 -0.02936787
49 15-Mar-10 11.46 10088 0.000487 0.06505576 0.00628429 0.064568762
50 16-Mar-10 11.6 10017 0.000487 0.0122164 -0.00703807 0.011729405
51 17-Mar-10 11.23 9981 0.000487 -0.03189655 -0.00359389 -0.03238355
52 19-Mar-10 11.1 10000 0.000487 -0.01157614 0.00190362 -0.01206314
53 22-Mar-10 10.8 9963 0.000487 -0.02702703 -0.0037 -0.02751403
54 24-Mar-10 11 10146 0.000487 0.01851852 0.01836796 0.018031519
56 26-Mar-10 12.18 10137 0.000488 0.10727273 -0.00088705 0.106784727
57 29-Mar-10 12.08 10056 0.000488 -0.00821018 -0.00799053 -0.00869818
58 30-Mar-10 12.11 10073 0.000488 0.00248344 0.00169053 0.001995444
59 31-Mar-10 11.8 10178 0.000488 -0.02559868 0.01042391 -0.02608668

Beta is positive its means that it has direct relationship with market when market goes up stock goes up and vice versa
Its beta shows that there is average risk and in the same way the return would also be average

Shining Path
 Cherat-Cement-Company
Limited

X1

X-Rf Beta (β) CAPM

-0.000482 0.469246086 0.00025582339

0.022830493 0.469246 0.0111951177
0.006766628 0.469246 0.00365721309
0.000546066 0.469246 0.00073823938
0.00352334 0.469246 0.00213531341
0.001666118 0.469246 0.00126381913
-0.00221223 0.469246 -0.0005610778
-6.8002E-05 0.469246 0.00044509031
0.001362738 0.469246 0.00111645952
0.01186742 0.469246 0.00604573913
-0.00329873 0.469246 -0.0010709146
0.005485607 0.469246 0.00305109932
-0.00550011 0.469246 -0.0021039029
-0.01572337 0.469246 -0.0069011262
0.001676184 0.469246 0.00126354247
-0.00845736 0.469246 -0.0034915805
-0.00356906 0.469246 -0.0011997669
-0.00699269 0.469246 -0.0028062922
-0.00297422 0.469246 -0.0009206404
0.003178826 0.469246 0.00196665142
-0.00286734 0.469246 -0.0008704899
-5.79423E-05 0.469246 0.00044781079
0.00286007 0.469246 0.00181707657
0.014275182 0.469246 0.00717357195
0.003619585 0.469246 0.00217347574
-0.00281979 0.469246 -0.000848173
-0.0058929 0.469246 -0.0022882199
0.006612284 0.469246 0.00357978776
-0.00017094 0.469246 0.00039678708
-0.01108383 0.469246 -0.0047240444
0.006532587 0.469246 0.00354239015
0.009554733 0.469246 0.00496052026
0.002563438 0.469246 0.00167988294
2.82036E-05 0.469246 0.00049023443
0.004673475 0.469246 0.00267000929
-0.01353839 0.469246 -0.0058758347
-0.01443386 0.469246 -0.0062860308
-0.00244859 0.469246 -0.000661993
-0.01796916 0.469246 -0.0079449545
0.004566696 0.469246 0.0026299036
-0.013791 0.469246 -0.0059843724
0.009280491 0.469246 0.00484183339
0.011604263 0.469246 0.00593225388
0.011355925 0.469246 0.00581572258

Shining Path
 Cherat-Cement-Company
Limited

0.004338462 0.469246 0.00252280595

-0.00079353 0.469246 0.00011463966
0.00922273 0.469246 0.00481472924
0.014291824 0.469246 0.00719338114
0.005797289 0.469246 0.0032073548
-0.00752507 0.469246 -0.0030441067
-0.00408089 0.469246 -0.0014279415
0.001416617 0.469246 0.0011517418
-0.004187 0.469246 -0.001477733
0.017880961 0.469246 0.00887756964
-0.00137505 0.469246 -0.0001572363
-0.00847853 0.469246 -0.0034905162
0.001202533 0.469246 0.00105228381
0.009935905 0.469246 0.00515038391

stock goes up and vice versa

Shining Path