chapter13
PRICE AND MARKET CAP DATA FOR 10 COMPANIESGeneralMotorsGMHomeDepotHDInternationalPaperIPHewlett-PackardHPQAltriaMOAmericanExpressAXPAlcoaAluminumAAMarket capitalization(billion $) 16.85 73.98 15.92 88.37 153.33 65.66 28.16Benchmark proportion 2.71% 11.91% 2.56% 14.23% 24.69% 10.57% 4.53%Monthly price data (includes dividends)1-六月-01 50.31 45.26 31.22 26.47 38.74 32.47 36.062-七月-01 49.72 48.26 35.64 22.83 35.61 33.82 35.371-八月-01 43.14 44.06 35.32 21.48 37.10 30.54 34.504-九月-01 33.81 36.79 30.66 14.92 37.79 24.37 28.061-十月-01 32.56 36.66 31.50 15.65 36.63 24.75 29.341-十一月-01 39.63 44.78 35.37 20.45 36.92 27.68 35.093-十二月-01 38.75 48.97 35.73 19.17 36.34 30.02 32.322-一月-02 40.77 48.09 36.99 20.64 39.71 30.22 32.591-二月-02 42.67 48.00 38.96 18.78 41.73 30.72 34.311-三月-02 48.69 46.71 38.30 16.81 42.21 34.52 34.471-四月-02 51.67 44.56 36.90 16.02 43.62 34.64 31.081-十二月-05 19.01 40.17 33.12 28.48 73.08 51.23 29.303-一月-06 23.56 40.24 32.15 31.02 70.75 52.33 31.211-二月-06 20.11 41.83 32.53 32.64 70.32 53.76 29.191-三月-06 21.06 42.13 34.32 32.81 70.06 52.43 30.433-四月-06 22.66 39.77 36.09 32.38 72.34 53.81 33.631-五月-06 26.93 37.97 33.98 32.29 71.54 54.36 31.721-六月-06 29.79 35.79 32.30 31.68 73.43 53.22 32.36A B C D E F G H123456789101112131415161761626364656667DuPontDDMerckMRK MMM38.32 79.51 60.96.17% 12.80% 9.81% - =K3/SUM($B$3:$K$3)40.88 50.74 51.5636.29 53.98 50.5535.01 51.96 47.3032.07 53.16 44.7134.18 50.93 47.4338.21 54.07 52.3336.63 47.18 53.9938.06 47.48 50.7040.68 49.21 54.1640.95 46.46 52.8138.65 43.85 57.7741.77 31.10 76.6038.48 33.73 71.9139.91 34.09 73.2041.87 34.83 75.2943.74 34.03 84.9842.53 33.29 83.6641.60 36.43 80.77PRICE AND MARKET CAP DATA FOR 10 COMPANIESI J K L12345678910111213141516176162636465666710家公司价格和市场资本总额数据通用汽车公司GM家得宝公司HD美国国际纸业公司IP惠普公司HPQ美国奥驰亚集团MO美国运通公司AXP美国铝业公司AA市场资本总额(10亿 $) 16.85 73.98 15.92 88.37 153.33 65.66 28.16基准比例 2.71% 11.91% 2.56% 14.23% 24.69% 10.57% 4.53%月度价格数据 (含股息)1-六月-01 50.31 45.26 31.22 26.47 38.74 32.47 36.062-七月-01 49.72 48.26 35.64 22.83 35.61 33.82 35.371-八月-01 43.14 44.06 35.32 21.48 37.10 30.54 34.504-九月-01 33.81 36.79 30.66 14.92 37.79 24.37 28.061-十月-01 32.56 36.66 31.50 15.65 36.63 24.75 29.341-十一月-01 39.63 44.78 35.37 20.45 36.92 27.68 35.093-十二月-01 38.75 48.97 35.73 19.17 36.34 30.02 32.322-一月-02 40.77 48.09 36.99 20.64 39.71 30.22 32.591-二月-02 42.67 48.00 38.96 18.78 41.73 30.72 34.311-三月-02 48.69 46.71 38.30 16.81 42.21 34.52 34.471-四月-02 51.67 44.56 36.90 16.02 43.62 34.64 31.081-十二月-05 19.01 40.17 33.12 28.48 73.08 51.23 29.303-一月-06 23.56 40.24 32.15 31.02 70.75 52.33 31.211-二月-06 20.11 41.83 32.53 32.64 70.32 53.76 29.191-三月-06 21.06 42.13 34.32 32.81 70.06 52.43 30.433-四月-06 22.66 39.77 36.09 32.38 72.34 53.81 33.631-五月-06 26.93 37.97 33.98 32.29 71.54 54.36 31.721-六月-06 29.79 35.79 32.30 31.68 73.43 53.22 32.36A B C D E F G H123456789101112131415161761626364656667杜邦公司DD默克公司MRK MMM38.32 79.51 60.96.17% 12.80% 9.81% - =K3/SUM($B$3:$K$3)40.88 50.74 51.5636.29 53.98 50.5535.01 51.96 47.3032.07 53.16 44.7134.18 50.93 47.4338.21 54.07 52.3336.63 47.18 53.9938.06 47.48 50.7040.68 49.21 54.1640.95 46.46 52.8138.65 43.85 57.7741.77 31.10 76.6038.48 33.73 71.9139.91 34.09 73.2041.87 34.83 75.2943.74 34.03 84.9842.53 33.29 83.6641.60 36.43 80.7710家公司价格和市场资本总额数据I J K L123456789101112131415161761626364656667RETURN DATA FOR THE SUPER-DUPER BENCHMARK PORTFOLIOGeneralMotorsGMHomeDepotHDInternationalPaperIPHewlett-PackardHPQAltriaMOAmericanExpressAXPAlcoaAluminumAAMarket cap (billion $) 16.85 73.98 15.92 88.37 153.33 65.66 28.16Benchmark proportion 2.71% 11.91% 2.56% 14.23% 24.69% 10.57% 4.53%Mean return -0.87% -0.39% 0.06% 0.30% 1.07% 0.82% -0.18%Return sigma 10.78% 8.41% 6.23% 10.80% 8.71% 6.43% 9.54%Date GM HD IP HPQ MO AXP AA2-七月-01 -1.18% 6.42% 13.24% -14.79% -8.42% 4.07% -1.93%1-八月-01 -14.20% -9.11% -0.90% -6.10% 4.10% -10.20% -2.49%4-九月-01 -24.37% -18.03% -14.15% -36.44% 1.84% -22.57% -20.66%1-十月-01 -3.77% -0.35% 2.70% 4.78% -3.12% 1.55% 4.46%1-十一月-01 19.65% 20.01% 11.59% 26.75% 0.79% 11.19% 17.90%3-十二月-01 -2.25% 8.94% 1.01% -6.46% -1.58% 8.12% -8.22%2-一月-02 5.08% -1.81% 3.47% 7.39% 8.87% 0.66% 0.83%1-九月-05 -11.06% -5.56% -3.48% 5.32% 5.28% 3.90% -9.25%3-十月-05 -11.10% 7.33% -2.08% -4.05% 1.81% -0.78% -0.54%1-十一月-05 -20.55% 2.02% 8.56% 5.66% -3.06% 3.28% 12.70%1-十二月-05 -12.03% -3.16% 6.39% -3.32% 3.67% 0.08% 7.58%3-一月-06 21.46% 0.17% -2.97% 8.54% -3.24% 2.12% 6.32%1-二月-06 -15.83% 3.88% 1.18% 5.09% -0.61% 2.70% -6.69%1-三月-06 4.62% 0.71% 5.36% 0.52% -0.37% -2.51% 4.16%3-四月-06 7.32% -5.76% 5.03% -1.32% 3.20% 2.60% 10.00%1-五月-06 17.26% -4.63% -6.02% -0.28% -1.11% 1.02% -5.85%1-六月-06 10.09% -5.91% -5.07% -1.91% 2.61% -2.12% 2.00%A B C D E F G H123456789101112131415161761626364656667686970DuPontDDMerckMRK MMM3month T-bill,monthly38.32 79.51 60.96.17% 12.80% 9.81%0.03% -0.55% 0.75% 0.18% - =AVERAGE(L11:L70)6.12% 8.06% 5.54% 0.09% - =STDEVP(L11:L70)DD MRK MMM3month T-bill,monthly-11.91% 6.19% -1.98% 0.29%-3.59% -3.81% -6.65% 0.29%-8.77% 2.28% -5.63% 0.28%6.37% -4.29% 5.91% 0.22%11.15% 5.98% 9.83% 0.18%-4.22% -13.63% 3.12% 0.16%3.83% 0.63% -6.29% 0.14%-1.02% -3.66% 3.05% 0.29%6.25% 3.63% 3.50% 0.29%3.39% 5.40% 3.77% 0.31%-0.60% 7.86% -1.26% 0.32%-8.20% 8.12% -6.32% 0.32%3.65% 1.06% 1.78% 0.35%4.79% 2.15% 2.82% 0.37%4.37% -2.32% 12.11% 0.38%-2.81% -2.20% -1.57% 0.38%-2.21% 9.01% -3.52% 0.39%RETURN DATA FOR THE SUPER-DUPER BENCHMARK PORTFOLIOI J K L M123456789101112131415161761626364656667686970 SUPER-DUPER 基准投资组合的收益数据通用汽车公司GM家得宝公司HD美国国际纸业公司IP惠普公司HPQ美国奥驰亚集团MO美国运通公司AXP美国铝业公司AA市场资本总额 (10亿 $) 16.85 73.98 15.92 88.37 153.33 65.66 28.16基准比例 2.71% 11.91% 2.56% 14.23% 24.69% 10.57% 4.53%平均收益 -0.87% -0.39% 0.06% 0.30% 1.07% 0.82% -0.18%收益标准差 10.78% 8.41% 6.23% 10.80% 8.71% 6.43% 9.54%日期 GM HD IP HPQ MO AXP AA2-七月-01 -1.18% 6.42% 13.24% -14.79% -8.42% 4.07% -1.93%1-八月-01 -14.20% -9.11% -0.90% -6.10% 4.10% -10.20% -2.49%4-九月-01 -24.37% -18.03% -14.15% -36.44% 1.84% -22.57% -20.66%1-十月-01 -3.77% -0.35% 2.70% 4.78% -3.12% 1.55% 4.46%1-十一月-01 19.65% 20.01% 11.59% 26.75% 0.79% 11.19% 17.90%3-十二月-01 -2.25% 8.94% 1.01% -6.46% -1.58% 8.12% -8.22%2-一月-02 5.08% -1.81% 3.47% 7.39% 8.87% 0.66% 0.83%1-九月-05 -11.06% -5.56% -3.48% 5.32% 5.28% 3.90% -9.25%3-十月-05 -11.10% 7.33% -2.08% -4.05% 1.81% -0.78% -0.54%1-十一月-05 -20.55% 2.02% 8.56% 5.66% -3.06% 3.28% 12.70%1-十二月-05 -12.03% -3.16% 6.39% -3.32% 3.67% 0.08% 7.58%3-一月-06 21.46% 0.17% -2.97% 8.54% -3.24% 2.12% 6.32%1-二月-06 -15.83% 3.88% 1.18% 5.09% -0.61% 2.70% -6.69%1-三月-06 4.62% 0.71% 5.36% 0.52% -0.37% -2.51% 4.16%3-四月-06 7.32% -5.76% 5.03% -1.32% 3.20% 2.60% 10.00%1-五月-06 17.26% -4.63% -6.02% -0.28% -1.11% 1.02% -5.85%1-六月-06 10.09% -5.91% -5.07% -1.91% 2.61% -2.12% 2.00%A B C D E F G H123456789101112131415161761626364656667686970杜邦公司DD默克公司MRK MMM3个月国库券,月度38.32 79.51 60.96.17% 12.80% 9.81%0.03% -0.55% 0.75% 0.18% - =AVERAGE(L11:L70)6.12% 8.06% 5.54% 0.09% - =STDEVP(L11:L70)DD MRK MMM3个月国库券,月度-11.91% 6.19% -1.98% 0.29%-3.59% -3.81% -6.65% 0.29%-8.77% 2.28% -5.63% 0.28%6.37% -4.29% 5.91% 0.22%11.15% 5.98% 9.83% 0.18%-4.22% -13.63% 3.12% 0.16%3.83% 0.63% -6.29% 0.14%-1.02% -3.66% 3.05% 0.29%6.25% 3.63% 3.50% 0.29%3.39% 5.40% 3.77% 0.31%-0.60% 7.86% -1.26% 0.32%-8.20% 8.12% -6.32% 0.32%3.65% 1.06% 1.78% 0.35%4.79% 2.15% 2.82% 0.37%4.37% -2.32% 12.11% 0.38%-2.81% -2.20% -1.57% 0.38%-2.21% 9.01% -3.52% 0.39%SUPER-DUPER 基准投资组合的收益数据I J K L M123456789101112131415161761626364656667686970SUPER DUPER BENCHMARK PORTFOLIO-NAIVE OPTIMIZATIONGeneralMotorsGMHomeDepotHDInternational paperIPHewlett-PackardHPQAltriaMOAmericanExpressAXPAlcoaAluminumAAMarket cap (billion $) 16.85 73.98 15.92 88.37 153.33 65.66 28.16Benchmark proportion 2.71% 11.91% 2.56% 14.23% 24.69% 10.57% 4.53%Variance-covariance matrix of excess returnsGM HD IP HPQ MO AXP AAGM 0.0116 0.0030 0.0023 0.0041 0.0013 0.0032 0.0046HD 0.0030 0.0071 0.0018 0.0042 0.0022 0.0033 0.0045IP 0.0023 0.0018 0.0039 0.0031 0.0001 0.0023 0.0043HPQ 0.0041 0.0042 0.0031 0.0117 0.0025 0.0048 0.0060MO 0.0013 0.0022 0.0001 0.0025 0.0076 0.0016 0.0018AXP 0.0032 0.0033 0.0023 0.0048 0.0016 0.0041 0.0037AA 0.0046 0.0045 0.0043 0.0060 0.0018 0.0037 0.0091DD 0.0018 0.0020 0.0021 0.0033 0.0009 0.0019 0.0040MRK 0.0010 0.0002 0.0012 0.0019 0.0007 0.0011 0.0018MMM 0.0014 0.0018 0.0016 0.0022 0.0008 0.0014 0.0024Current t-bill rate 0.40%Optimal portfolioGM 480.2% - =MMULT(MINVERSE(B8:K17),M8:M17-B19)/SUM(MMULT(MINVERSE(B8:K17),M8:M17-B19)HD 981.8%IP 689.3%HPQ 221.3%MO -263.7%AXP -1763.7%AA -324.5%DD 528.8%MRK 469.5%MMM -918.9%Sum of proportions 1 - =SUM(B22:B31)A B C D E F G H1234567891011121314151617181920212223242526272829303132DuPontDDMerckMRK MMM38.32 79.51 60.96.17% 12.80% 9.81%DD MRK MMMMeanreturn0.0018 0.0010 0.0014 -0.87%0.0020 0.0002 0.0018 -0.39%0.0021 0.0012 0.0016 0.06%0.0033 0.0019 0.0022 0.30%0.0009 0.0007 0.0008 1.07%0.0019 0.0011 0.0014 0.82%0.0040 0.0018 0.0024 -0.18%0.0038 0.0016 0.0019 0.03%0.0016 0.0065 0.0005 -0.55%0.0019 0.0005 0.0031 0.75%SUPER DUPER BENCHMARK PORTFOLIO-NAIVE OPTIMIZATION- =MMULT(MINVERSE(B8:K17),M8:M17-B19)/SUM(MMULT(MINVERSE(B8:K17),M8:M17-B19)I J K L M1234567891011121314151617181920212223242526272829303132SUPER DUPER 基准投资组合-原始的优化配置通用汽车公司GM家得宝公司HD美国国际纸业公司IP惠普公司HPQ美国奥驰亚集团MO美国运通公司AXP美国铝业公司AA市场资本总额 (10亿 $) 16.85 73.98 15.92 88.37 153.33 65.66 28.16基准比例 2.71% 11.91% 2.56% 14.23% 24.69% 10.57% 4.53%超额收益方差-协方差矩阵GM HD IP HPQ MO AXP AAGM 0.0116 0.0030 0.0023 0.0041 0.0013 0.0032 0.0046HD 0.0030 0.0071 0.0018 0.0042 0.0022 0.0033 0.0045IP 0.0023 0.0018 0.0039 0.0031 0.0001 0.0023 0.0043HPQ 0.0041 0.0042 0.0031 0.0117 0.0025 0.0048 0.0060MO 0.0013 0.0022 0.0001 0.0025 0.0076 0.0016 0.0018AXP 0.0032 0.0033 0.0023 0.0048 0.0016 0.0041 0.0037AA 0.0046 0.0045 0.0043 0.0060 0.0018 0.0037 0.0091DD 0.0018 0.0020 0.0021 0.0033 0.0009 0.0019 0.0040MRK 0.0010 0.0002 0.0012 0.0019 0.0007 0.0011 0.0018MMM 0.0014 0.0018 0.0016 0.0022 0.0008 0.0014 0.0024当前国库券利率 0.40%最优化 投资组合GM 480.2% - =MMULT(MINVERSE(B8:K17),M8:M17-B19)/SUM(MMULT(MINVERSE(B8:K17),M8:M17-B19)HD 981.8%IP 689.3%HPQ 221.3%MO -263.7%AXP -1763.7%AA -324.5%DD 528.8%MRK 469.5%MMM -918.9%比例合计 1 - =SUM(B22:B31)A B C D E F G H1234567891011121314151617181920212223242526272829303132杜邦公司DD默克公司MRK MMM38.32 79.51 60.96.17% 12.80% 9.81%DD MRK MMM平均收益0.0018 0.0010 0.0014 -0.87%0.0020 0.0002 0.0018 -0.39%0.0021 0.0012 0.0016 0.06%0.0033 0.0019 0.0022 0.30%0.0009 0.0007 0.0008 1.07%0.0019 0.0011 0.0014 0.82%0.0040 0.0018 0.0024 -0.18%0.0038 0.0016 0.0019 0.03%0.0016 0.0065 0.0005 -0.55%0.0019 0.0005 0.0031 0.75%SUPER DUPER 基准投资组合-原始的优化配置- =MMULT(MINVERSE(B8:K17),M8:M17-B19)/SUM(MMULT(MINVERSE(B8:K17),M8:M17-B19)I J K L M1234567891011121314151617181920212223242526272829303132NEGATIVE RETURNS AND HIGH CORRELATIONSGeneralMotorsGMHomeDepotHDInternationalPaperIPHewlett-PackardHPQAltriaMOAmericanExpressAXPAlcoaAluminumAAMarket cap (billion $) 16.85 73.98 15.92 88.37 153.33 65.66 28.16Benchmark proportion 2.71% 11.91% 2.56% 14.23% 24.69% 10.57% 4.53%Mean return -0.87% -0.39% 0.06% 0.30% 1.07% 0.82% -0.18%Return sigma 10.78% 8.41% 6.23% 10.80% 8.71% 6.43% 9.54%GM HD IP HPQ MO AXP AAGM 1.0000 0.3320 0.3459 0.3534 0.1428 0.4676 0.4430HD 1.0000 0.3512 0.4618 0.3012 0.6061 0.5618IP 1.0000 0.4580 0.0159 0.5772 0.7181HPQ 1.0000 0.2682 0.6965 0.5770MO 1.0000 0.2839 0.2145AXP 1.0000 0.6034AA 1.0000DDMRKMMMExcess returns: Monthly minus sample mean for each assetDate GM HD IP HPQ MO AXP AA2-七月-01 -0.31% 6.81% 13.18% -15.09% -9.49% 3.25% -1.75%1-八月-01 -13.32% -8.71% -0.96% -6.39% 3.03% -11.03% -2.31%4-九月-01 -23.50% -17.64% -14.21% -36.74% 0.78% -23.39% -20.48%1-十月-01 -2.89% 0.04% 2.65% 4.48% -4.18% 0.72% 4.64%1-十一月-01 20.52% 20.40% 11.53% 26.45% -0.28% 10.36% 18.08%3-十二月-01 -1.37% 9.34% 0.96% -6.76% -2.65% 7.29% -8.04%2-一月-02 5.95% -1.42% 3.41% 7.09% 7.80% -0.16% 1.01%1-二月-02 5.43% 0.20% 5.13% -9.74% 3.90% 0.82% 5.32%1-三月-02 14.07% -2.33% -1.77% -11.38% 0.08% 10.84% 0.65%1-四月-02 6.81% -4.32% -3.78% -5.11% 2.22% -0.48% -10.17%1-五月-02 -1.56% -10.25% 4.45% 10.74% 3.99% 2.75% 3.38%3-六月-02 -14.21% -12.15% 1.05% -22.14% -26.88% -16.54% -5.20%1-七月-02 -12.95% -16.96% -9.06% -7.96% 4.24% -3.60% -19.57%1-八月-02 4.79% 6.84% -5.00% -5.54% 7.15% 1.43% -7.35%3-九月-02 -19.84% -22.72% -12.06% -13.74% -25.08% -15.36% -26.04%1-十月-02 -14.83% 10.52% 4.42% 30.00% 3.83% 14.82% 13.51%1-十一月-02 20.05% -8.59% 12.32% 20.67% -8.79% 5.97% 15.50%2-十二月-02 -6.53% -8.83% -11.61% -11.41% 7.69% -10.25% -11.29%2-一月-03 -0.57% -13.51% 2.03% 0.00% -7.85% -0.33% -13.97%3-二月-03 -5.05% 11.89% -1.27% -9.66% 0.97% -6.44% 4.55%3-三月-03 0.42% 4.46% -3.62% -1.70% -24.75% -1.88% -5.39%1-四月-03 7.88% 14.78% 5.54% 4.36% 1.57% 12.45% 17.64%1-五月-03 0.25% 14.83% 3.16% 17.63% 28.39% 8.74% 7.24%2-六月-03 2.74% 2.50% -2.64% 8.92% 9.98% -0.46% 3.74%1-七月-03 4.75% -5.60% 9.00% -0.89% -13.80% 4.90% 8.71%A B C D E F G H1234567891011121314151617181920212223242526272829303132333435363738394041424344454647481-八月-03 11.57% 3.42% 4.13% -6.33% 1.90% 1.14% 3.56%2-九月-03 0.45% -0.35% -3.88% -2.84% 6.67% -0.80% -8.62%1-十月-03 5.04% 15.58% 0.77% 13.92% 4.92% 3.47% 19.00%3-十一月-03 2.32% -0.44% -4.95% -2.89% 10.10% -3.47% 4.50%1-十二月-03 23.03% -2.94% 14.65% 5.54% 4.77% 4.77% 14.87%2-一月-04 -6.33% 0.33% -2.02% 3.20% 1.06% 6.40% -10.43%2-二月-04 -1.30% 2.74% 5.11% -4.93% 2.40% 2.17% 9.81%1-三月-04 -0.95% 3.43% -4.69% 0.61% -5.44% -3.61% -7.54%1-四月-04 1.23% -5.60% -4.76% -15.05% 0.64% -6.57% -11.85%3-五月-04 -2.39% 2.44% 4.49% 7.20% -15.43% 2.68% 2.43%1-六月-04 3.49% -1.39% 6.33% -0.59% 4.59% 0.70% 5.55%1-七月-04 -6.83% -3.91% -3.38% -4.88% -6.10% -3.04% -2.89%2-八月-04 -2.25% 8.71% -7.19% -12.19% 1.73% -1.29% 1.73%1-九月-04 3.66% 7.37% 0.91% 4.79% -3.56% 2.01% 3.86%1-十月-04 -8.84% 5.09% -4.86% -0.79% 1.90% 2.48% -3.11%1-十一月-04 2.29% 2.21% 8.08% 6.68% 16.03% 4.03% 5.09%1-十二月-04 4.61% 2.73% 1.10% 4.78% 6.22% 0.35% -7.68%3-一月-05 -7.59% -3.15% -7.08% -7.08% 3.31% -6.12% -6.05%1-二月-05 -1.00% -2.64% -4.09% 5.70% 1.74% 0.68% 9.16%1-三月-05 -18.42% -3.92% -1.57% 5.41% -0.34% -5.86% -5.37%1-四月-05 -8.81% -7.42% -7.08% -7.24% -1.68% 1.72% -4.41%2-五月-05 19.23% 11.05% -5.54% 9.24% 2.19% 1.34% -6.17%1-六月-05 8.41% -0.49% -6.47% 4.36% -3.78% -1.77% -3.46%1-七月-05 8.83% 11.58% 4.42% 4.32% 2.43% 2.45% 7.27%1-八月-05 -5.12% -6.97% -1.64% 11.72% 4.37% -0.39% -3.90%1-九月-05 -10.18% -5.17% -3.53% 5.02% 4.22% 3.08% -9.07%3-十月-05 -10.22% 7.72% -2.14% -4.35% 0.74% -1.61% -0.36%1-十一月-05 -19.67% 2.41% 8.51% 5.36% -4.13% 2.45% 12.88%1-十二月-05 -11.16% -2.77% 6.33% -3.61% 2.60% -0.75% 7.76%3-一月-06 22.33% 0.57% -3.03% 8.24% -4.31% 1.30% 6.50%1-二月-06 -14.96% 4.27% 1.12% 4.79% -1.68% 1.87% -6.51%1-三月-06 5.49% 1.11% 5.30% 0.22% -1.44% -3.33% 4.34%3-四月-06 8.20% -5.37% 4.97% -1.62% 2.14% 1.77% 10.18%1-五月-06 18.14% -4.24% -6.08% -0.58% -2.18% 0.19% -5.67%1-六月-06 10.97% -5.52% -5.13% -2.21% 1.54% -2.94% 2.18%A B C D E F G H4950515253545556575859606162636465666768697071727374757677787980818283DuPontDDMerckMRK MMM38.32 79.51 60.96.17% 12.80% 9.81%0.03% -0.55% 0.75%6.12% 8.06% 5.54%DD MRK MMM0.2737 0.1109 0.22
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