Inversiones Centenario cuenta con más de 80 años de experienc

trascendentes en sus diferentes unidades de negocio: urbanizacio

En 2002: Los clientes son la prioridad. Comenzaron a ofrecer directam

En 2005: Iniciaron su primer proyecto de urbanización en provincias, e
En 2007: Con la experiencia exitosa del Centro Empresarial Real, desa
En 2008: Realizaron alianza con Paz Corp. (Chile) y entraron al negoci
En 2009: Iniciaron proyectos de urbanización en Ica y en Huancayo.
En 2012: Compraron más de 35 hectáreas de terrenos en la zona este
“banco de tierras”

En 2013: Ingresaron al negocio de centros comerciales a través de l

negocios en el Perú.

En 2016: Inauguraron el edificio Real   8. Ampliaron su operación de

Lurín.

En 2018: Inauguraron el edificio Real 2, diseñado por el arquitecto Jea

bajo un formato que combina Outlet, Retail Moderno, Mercad

En 2019: Enfocaron a la empresa hacia la innovación y la eficiencia.

2020 – 2021.

PROPÓSITO Generar calidad urbana y arquitectónica pa

Desarrollar para nuestros clientes solucione

MISIÓN la excelencia.
 Desarrollar para nuestros clientes solucione
MISIÓN la excelencia.

VISIÓN Ser la mejor opción inmobiliaria, superando

VA
Propugnamos y mantenemos un comportamie
TRANSPARENCIA

Perseveramos y entregamos todo nuestro

COMPROMISO
compr

TRABAJO EN Fomentamos la participación de todos lo

EQUIPO

EFICIENCIA Maximizamos la calidad de nuestros resulta

ENFOQUE AL
Dirigimos todas nuestras acciones a supera
CLIENTE

SE
de 80 años de experiencia y trayectoria en los principales negocios inmobiliarios. Directamente o a travé
de negocio: urbanizaciones, casas, departamentos, oficinas y centros comerciales.

enzaron a ofrecer directamente el servicio de property management en sus edificios de oficina.

banización en provincias, en la ciudad de Chiclayo.

ntro Empresarial Real, desarrollaron Cronos, el primer centro empresarial premium de Surco.

(Chile) y entraron al negocio residencial a través del joint venture Paz Centenario.

ón en Ica y en Huancayo.

de terrenos en la zona este de Lima, así como en las principales   provincias del país. Su portafolio se diversificada

comerciales a través de la adquisición del grupo MZ, y al negocio industrial con MacrOpolis; convirtiéndolos en u

Ampliaron su operación de urbanizaciones a Piura, Chiclayo, Trujillo, Huancayo, Lima, Ica y Tacna. Comenzaron las

eñado por el arquitecto Jean Nouvel. Se adquiere un terreno de 15,000 metros cuadrados en San Isidro y 420 hectár
et, Retail Moderno, Mercado Tradicional y zonas de gastronomía y entretenimiento.

nnovación y la eficiencia. Desarrollaron los proyectos de Cammino Real (mall) y Real 12 (oficinas) en donde invertire

ad urbana y arquitectónica para las ciudades

a nuestros clientes soluciones inmobiliarias trascendentes, creadas por un grupo de personas enfocado en
a nuestros clientes soluciones inmobiliarias trascendentes, creadas por un grupo de personas enfocado en

ción inmobiliaria, superando las expectativas de nuestros clientes y generando calidad para las ciudades.

VALORES
mantenemos un comportamiento honesto, íntegro y transparente en todas nuestras actividades y hacia todas las personas
con las que nos relacionamos. 

os y entregamos todo nuestro esfuerzo y profesionalismo en cada una de las actividades y tareas que asumimos,
comprometiéndonos con todos nuestros stakeholders.

os la participación de todos los integrantes de la empresa y una colaboración efectiva, alineada con un objetivo
común.

la calidad de nuestros resultados mediante la utilización óptima de nuestros recursos.

as nuestras acciones a superar las expectativas de nuestros clientes.

SERVICIOS
 Directamente o a través de sus subsidiarias desarrolla soluciones

ina.

o.

portafolio se diversificada geográficamente y llegaron a contar con el mejor

polis; convirtiéndolos en un grupo inmobiliario con más diversificación de

a y Tacna. Comenzaron las obras de habilitación urbana de MacrOpolis en

en San Isidro y 420 hectáreas colindantes a Macrópolis. Relanzaron Minka

oficinas) en donde invertiremos más de US $130 millones en el periodo

 dades.

cia todas las personas

ue asumimos,

n un objetivo
Al desapacho de la Compañía ha llegado la siguiente información financiera:

Proyecto: 1-FC1/2021/JULIO
País: Perú
Sector: Hotelería

Balance General Inicial - Resumen (en unidades monetarias)

Total Activos Total Pasivos

0
700,000 Patrimonio
Los estados financieros están en revisión, específicamente el Estado de Resultados, sin
7000,00
embargo, es necesario calcular el costo del capital. El horizonte temporal del proyecto
será de un año. Los pasivos financieros generan:

TCEA: 36.63%

Los inversionlistas necesitan conocer el costo del capital propio, usted usará el modelo de
la Línea de Valores (CAPM), para realizar el cálculo. Cómo la mayoría de ellos están
interesados en comprender la forma de cálculo, se deberá detallar cada ítem de la
fórmula.

CALCULAR:

1. Costo de Capital: Con la fórmula 𝐶𝐴𝑃𝑀=𝑅𝑓+𝛽∗[𝑅𝑚−𝑅𝑓]∗(𝜎𝑥/𝜎𝑈𝑆𝐴)+𝑅𝑝

2. CPPC (WACC): Determinar si es posible o no generar apalancamiento financiero,

revise la teoría pertinente para fundamentar y contrastar su resultado.
 os, sin
yecto

modelo de
án
la

)+𝑅𝑝

anciero,
DGS10 10-Year Treasury Constant Maturity Rate, Percent, Daily, Not Seasonally Adjusted

Frequency: Daily
observation_date DGS10
2019-12-27 3.02
2019-12-28 2.99
2019-12-29 3.04
2019-12-30 3.00
2019-12-31 3.01
2020-01-01 2.98
2020-01-02 2.96
2020-01-03 3.01
2020-01-04 2.97
2020-01-05 2.88
2020-01-06 2.84
2020-01-07 2.88
2020-01-08 2.90
2020-01-09 2.86
2020-01-10 2.84
2020-01-11 2.85
2020-01-12 2.87
2020-01-13 2.79
2020-01-14 2.75
2020-01-15 2.78
2020-01-16 2.77
2020-01-17 2.69
2020-01-18 2.72
2020-01-19 2.67
2020-01-20 2.61
2020-01-21 2.64
2020-01-22 2.70
2020-01-23 2.73
2020-01-24 2.71
2020-01-25 2.70
2020-01-26 2.75
2020-01-27 2.80
2020-01-28 2.73
2020-01-29 2.75
2020-01-30 2.71
2020-01-31 2.73
2020-02-01 2.76
2020-02-02 2.73
2020-02-03 2.75
2020-02-04 2.70
2020-02-05 2.67
2020-02-06 2.65
2020-02-07 2.66
2020-02-08 2.60
2020-02-09 2.70
2020-02-10 2.70
2020-02-11 2.74
2020-02-12 2.80
2020-02-13 2.79
2020-02-14 2.77
2020-02-15 2.73
2020-02-16 2.66
2020-02-17 2.65
2020-02-18 2.70
2020-02-19 2.68
2020-02-20 2.78
2020-02-21 2.79
2020-02-22 2.75
2020-02-23 2.74
2020-02-24 2.75
2020-02-25 2.71
2020-02-26 2.69
2020-02-27 2.73
2020-02-28 2.73
2020-02-29 2.77
2020-03-01 2.82
2020-03-02 2.80
2020-03-03 2.74
2020-03-04 2.71
2020-03-05 2.69
2020-03-06 2.71
2020-03-07 2.65
2020-03-08 2.63
2020-03-09 2.65
2020-03-10 2.64
2020-03-11 2.65
2020-03-12 2.73
2020-03-13 2.73
2020-03-14 2.73
2020-03-15 2.70
2020-03-16 2.70
2020-03-17 2.68
2020-03-18 2.70
2020-03-19 2.71
2020-03-20 2.67
2020-03-21 2.63
2020-03-22 2.60
2020-03-23 2.63
2020-03-24 2.61
2020-03-25 2.62
2020-03-26 2.61
2020-03-27 2.62
2020-03-28 2.66
2020-03-29 2.61
2020-03-30 2.54
2020-03-31 2.50
2020-04-01 2.52
2020-04-02 2.54
2020-04-03 2.52
2020-04-04 2.54
2020-04-05 2.56
2020-04-06 2.54
2020-04-07 2.52
2020-04-08 2.44
2020-04-09 2.45
2020-04-10 2.48
2020-04-11 2.54
2020-04-12 2.60
2020-04-13 2.61
2020-04-14 2.59
2020-04-15 2.60
2020-04-16 2.62
2020-04-17 2.64
2020-04-18 2.65
2020-04-19 2.58
2020-04-20 2.60
2020-04-21 2.61
2020-04-22 2.66
2020-04-23 2.61
2020-04-24 2.64
2020-04-25 2.63
2020-04-26 2.63
2020-04-27 2.59
2020-04-28 2.57
2020-04-29 2.53
2020-04-30 2.54
2020-05-01 2.53
2020-05-02 2.58
2020-05-03 2.64
2020-05-04 2.65
2020-05-05 2.63
2020-05-06 2.58
2020-05-07 2.57
2020-05-08 2.55
2020-05-09 2.53
2020-05-10 2.55
2020-05-11 2.56
2020-05-12 2.55
2020-05-13 2.47
2020-05-14 2.50
2020-05-15 2.49
2020-05-16 2.48
2020-05-17 2.48
2020-05-18 2.52
2020-05-19 2.48
2020-05-20 2.50
2020-05-21 2.47
2020-05-22 2.57
2020-05-23 2.58
2020-05-24 2.52
2020-05-25 2.51
2020-05-26 2.49
2020-05-27 2.49
2020-05-28 2.43
2020-05-29 2.44
2020-05-30 2.44
2020-05-31 2.46
2020-06-01 2.43
2020-06-02 2.40
2020-06-03 2.34
2020-06-04 2.39
2020-06-05 2.40
2020-06-06 2.43
2020-06-07 2.41
2020-06-08 2.40
2020-06-09 2.39
2020-06-10 2.39
2020-06-11 2.37
2020-06-12 2.34
2020-06-13 2.35
2020-06-14 2.42
2020-06-15 2.41
2020-06-16 2.45
2020-06-17 2.46
2020-06-18 2.48
2020-06-19 2.50
2020-06-20 2.54
2020-06-21 2.54
2020-06-22 2.62
2020-06-23 2.60
2020-06-24 2.60
2020-06-25 2.62
2020-06-26 2.63
2020-06-27 2.59
2020-06-28 2.57
2020-06-29 2.54
2020-06-30 2.57
2020-07-01 2.52
2020-07-02 2.54
2020-07-03 2.50
2020-07-04 2.52
2020-07-05 2.42
2020-07-06 2.44
2020-07-07 2.45
2020-07-08 2.43
2020-07-09 2.36
2020-07-10 2.35
2020-07-11 2.34
2020-07-12 2.31
2020-07-13 2.21
2020-07-14 2.15
2020-07-15 2.17
2020-07-16 2.22
2020-07-17 2.20
2020-07-18 2.23
2020-07-19 2.25
2020-07-20 2.29
2020-07-21 2.29
2020-07-22 2.27
2020-07-23 2.30
2020-07-24 2.34
2020-07-25 2.32
2020-07-26 2.35
2020-07-27 2.36
2020-07-28 2.35
2020-07-29 2.36
2020-07-30 2.39
2020-07-31 2.32
2020-08-01 2.38
2020-08-02 2.37
2020-08-03 2.35
2020-08-04 2.32
2020-08-05 2.34
2020-08-06 2.32
2020-08-07 2.36
2020-08-08 2.34
2020-08-09 2.31
2020-08-10 2.30
2020-08-11 2.27
2020-08-12 2.24
2020-08-13 2.18
2020-08-14 2.22
2020-08-15 2.28
2020-08-16 2.29
2020-08-17 2.25
2020-08-18 2.31
2020-08-19 2.26
2020-08-20 2.22
2020-08-21 2.18
2020-08-22 2.19
2020-08-23 2.10
2020-08-24 2.12
2020-08-25 2.07
2020-08-26 2.14
2020-08-27 2.22
2020-08-28 2.17
2020-08-29 2.17
2020-08-30 2.26
2020-08-31 2.27
2020-09-01 2.25
2020-09-02 2.22 Promedio de rendimiento de 1 año al 31-12-2019
2020-09-03 2.20
2020-09-04 2.17 2.54
2020-09-05
2020-09-06 2.12 2.54%
2020-09-07 2.04
2020-09-08 1.97 Rendimiento de un activo libre de riesgo
2020-09-09 1.96
2020-09-10 2.03
1-12-2019
 Beta 0.89
Desapalancado

Beta Apalancado:
βL = βu*(1+(1-T)*D/E)

βu 0.89
T (IR. SUNAT) 29.50%
D/E No existe porque no hay deuda

βL = 0.89*(1+(1-29.5%)
βL = 1.51745
 5.64%

2018
2019
2020

Rendimiento de Mercado 5.64%

INDICES DE COTIZACIONES BVL
IGBVL, ISBVL e ISP-15 Base 30.12.1991=100 - INCA Base 12.12.2007=100 - IBGC Base 30.06.2008 =100 - Indices Sectoriales y Subsectoriales Base 30.10.1998=10
Var. Rend. Diario
FECHA AGRARIO BANCOS DIVERSAS INDUSTR MINERAS SERVICIOS IGBVL IGBVL% ISBVL
12/31/2019 509.48 807.93 1350.13 659.34 2312.51 715.14 15753.65 0.7796923% 22877.82
1/1/2020 509.48 797.65 1336.57 658.73 2380.25 715.14 15876.48 0.0142979% 23073.12
1/2/2020 509.48 814.95 1339.73 655.59 2383.15 718.41 15878.75 -0.2462410% 23115.43
1/3/2020 509.48 814.95 1335.96 659.29 2369.83 711.33 15839.65 -0.0570088% 23062.01
1/4/2020 507.46 816.09 1340.61 659.24 2361.43 706.65 15830.62 0.7894195% 23055.23
1/5/2020 503.42 821.43 1349.97 670.78 2369.37 707.21 15955.59 -0.0080849% 23148.27
1/6/2020 503.42 821.95 1357.82 671.63 2357.08 705.04 15954.30 0.7422450% 23204.28
1/7/2020 498.36 823.10 1376.36 672.13 2382.66 697.23 16072.72 0.4195930% 23491.83
1/8/2020 505.60 822.03 1369.74 671.04 2418.07 697.23 16140.16 -0.0417592% 23594.06
1/9/2020 501.56 823.51 1361.45 671.75 2420.45 696.94 16133.42 0.2843786% 23598.15
1/10/2020 501.56 824.11 1367.66 665.84 2441.41 699.70 16179.30 0.8795189% 23669.47
1/11/2020 490.27 827.59 1362.78 665.86 2495.72 698.24 16321.60 0.8812249% 23933.94
1/12/2020 485.83 839.10 1365.75 665.56 2534.59 703.63 16465.43 0.4228253% 24164.06
1/13/2020 483.40 855.09 1364.73 660.64 2572.42 704.18 16535.05 -0.0290897% 24311.48
1/14/2020 482.19 846.68 1356.08 661.00 2578.18 705.30 16530.24 -0.9050685% 24268.21
1/15/2020 474.11 837.81 1366.17 656.72 2533.23 705.30 16380.63 -0.0211836% 24072.14
1/16/2020 470.06 841.75 1366.16 650.96 2553.81 704.72 16377.16 -1.9598636% 24115.82
1/17/2020 460.96 825.59 1352.16 639.08 2489.94 700.58 16056.19 -1.6797260% 23625.03
1/18/2020 457.43 834.21 1336.90 631.13 2430.48 685.86 15786.49 -0.9674728% 23228.69
1/19/2020 457.43 821.07 1324.27 620.18 2423.44 683.87 15633.76 -1.5179330% 22939.37
1/20/2020 441.26 816.64 1294.27 610.58 2403.47 679.98 15396.45 0.9987367% 22528.81
1/21/2020 434.01 815.66 1307.76 616.59 2426.49 680.78 15550.22 -0.6313094% 22788.44
1/22/2020 425.93 830.42 1322.81 612.55 2382.47 677.86 15452.05 -2.5957721% 22656.75
1/23/2020 413.80 809.27 1285.01 599.70 2328.99 669.76 15050.95 0.1956023% 22064.43
1/24/2020 417.85 808.14 1271.88 597.78 2356.52 664.52 15080.39 -0.0559667% 22178.94
1/25/2020 429.46 796.69 1251.22 600.31 2368.72 665.06 15071.95 0.2493373% 22077.56
1/26/2020 433.50 796.86 1252.66 596.52 2382.93 671.03 15109.53 1.5854232% 22172.40
1/27/2020 445.63 797.03 1252.35 599.20 2442.95 689.32 15349.08 -0.4202206% 22433.02
1/28/2020 445.63 786.53 1245.10 593.49 2447.82 686.24 15284.58 0.2998447% 22291.31
1/29/2020 445.63 790.24 1245.19 590.08 2471.03 689.99 15330.41 0.1343734% 22406.37
1/30/2020 443.21 792.84 1254.06 588.12 2465.35 700.35 15351.01 0.6296654% 22387.44
1/31/2020 442.70 797.35 1248.95 583.72 2517.25 701.21 15447.67 0.7545474% 22584.87
2/1/2020 441.59 801.23 1259.60 584.16 2551.55 705.34 15564.23 0.2577705% 22762.84
2/2/2020 443.21 806.51 1264.19 584.77 2556.69 704.79 15604.35 -0.2462134% 22851.07
2/3/2020 433.83 818.15 1243.61 582.40 2563.64 710.06 15565.93 -0.9511157% 22773.28
2/4/2020 436.02 811.75 1234.79 578.03 2530.04 711.71 15417.88 0.3997307% 22478.29
2/5/2020 420.51 817.67 1229.14 577.63 2557.90 711.77 15479.51 0.5504050% 22607.47
2/6/2020 426.74 817.67 1235.38 582.24 2565.64 711.49 15564.71 0.1837490% 22749.77
2/7/2020 428.76 818.73 1242.33 584.40 2567.35 712.32 15593.31 -0.6711211% 22764.65
2/8/2020 428.76 823.00 1241.60 586.10 2523.75 711.57 15488.66 -0.8984638% 22621.89
2/9/2020 426.74 824.32 1235.68 583.41 2486.97 711.32 15349.50 -0.2771426% 22367.24
2/10/2020 426.74 829.48 1235.91 579.42 2477.62 710.95 15306.96 0.8773787% 22286.55
2/11/2020 426.74 836.34 1245.89 584.77 2489.62 712.75 15441.26 -1.8416243% 22428.68
2/12/2020 410.02 827.67 1228.56 570.44 2461.75 702.98 15156.89 0.3516553% 22067.47
2/13/2020 404.58 823.08 1237.91 570.61 2476.92 698.60 15210.19 -0.1707408% 22207.38
2/14/2020 410.02 819.57 1244.75 564.34 2486.29 688.43 15184.22 0.2693586% 22104.53
2/15/2020 414.62 819.57 1265.79 551.37 2518.78 683.50 15225.12 -0.6296831% 22143.78
2/16/2020 407.93 811.74 1262.76 551.98 2492.49 678.83 15129.25 -0.2124362% 22045.02
2/17/2020 405.84 811.57 1263.28 555.40 2473.77 676.07 15097.11 0.0868378% 22011.88
2/18/2020 408.35 809.68 1262.73 558.54 2462.53 682.95 15110.22 0.2986720% 22067.71
2/19/2020 410.85 805.26 1261.18 554.73 2489.34 690.72 15155.35 -1.8500398% 22079.79
2/20/2020 399.57 797.02 1245.26 533.28 2481.99 687.78 14874.97 -0.4707909% 21672.40
2/21/2020 394.55 795.44 1226.95 526.51 2497.36 684.48 14804.94 -0.2459990% 21553.68
2/22/2020 401.66 795.44 1233.43 531.68 2442.33 684.08 14768.52 -0.6222018% 21441.07
2/23/2020 403.75 785.03 1225.49 530.34 2416.88 684.70 14676.63 -1.5049095% 21264.02
2/24/2020 403.75 785.03 1206.08 527.37 2359.09 683.58 14455.76 -0.0105840% 20952.73
2/25/2020 401.16 778.67 1219.32 523.35 2365.25 680.17 14454.23 -0.3245417% 21026.67
2/26/2020 395.37 780.08 1192.33 532.47 2345.90 685.78 14407.32 -0.4601827% 20868.54
2/27/2020 393.88 782.20 1186.11 530.04 2323.10 687.71 14341.02 -1.4398557% 20797.21
2/28/2020 374.73 780.93 1188.46 517.09 2284.27 686.51 14134.53 -0.7198683% 20535.95
2/29/2020 385.52 782.37 1174.35 508.05 2276.86 690.18 14032.78 0.0334930% 20326.83
3/1/2020 395.34 782.37 1164.36 508.16 2287.35 687.02 14037.48 1.6800736% 20391.84
3/2/2020 396.71 784.66 1181.74 521.92 2318.06 687.80 14273.32 0.1793556% 20710.83
3/3/2020 402.98 786.96 1190.71 525.13 2298.46 690.61 14298.92 -0.0103504% 20699.29
3/4/2020 402.98 802.41 1186.76 523.59 2288.88 693.57 14297.44 0.0097920% 20719.69
3/5/2020 396.71 800.73 1193.01 516.01 2310.43 696.10 14298.84 -0.1139253% 20809.13
3/6/2020 396.71 803.59 1186.61 515.42 2306.90 698.23 14282.55 0.1144053% 20747.24
3/7/2020 405.26 810.69 1187.33 509.56 2315.13 700.47 14298.89 0.0283938% 20658.55
3/8/2020 409.54 813.98 1185.39 509.05 2315.65 701.70 14302.95 1.3524483% 20639.02
3/9/2020 418.09 817.99 1197.10 515.07 2350.38 701.70 14496.39 0.5276486% 20873.17
3/10/2020 431.47 828.80 1198.18 514.61 2372.13 702.47 14572.88 1.2924693% 20957.12
3/11/2020 433.60 833.09 1202.59 522.73 2414.01 704.73 14761.23 -0.4854609% 21214.36
3/12/2020 429.33 837.33 1214.85 520.38 2376.19 706.05 14689.57 0.5421534% 21161.32
3/13/2020 435.74 839.80 1226.61 522.05 2381.15 706.14 14769.21 -1.0125118% 21238.63
3/14/2020 433.60 832.14 1223.22 516.55 2349.02 700.40 14619.67 0.1976105% 21062.16
3/15/2020 418.64 826.23 1247.59 513.69 2345.46 694.17 14648.56 0.2932029% 21163.76
3/16/2020 425.05 825.03 1269.16 515.07 2332.13 698.89 14691.51 0.7451923% 21200.71
3/17/2020 433.09 830.63 1278.82 516.76 2350.56 699.88 14800.99 1.0050003% 21407.75
3/18/2020 438.43 837.26 1288.91 520.01 2382.17 704.66 14949.74 1.2034992% 21643.44
3/19/2020 438.43 845.96 1285.10 534.65 2408.89 706.98 15129.66 -0.1983521% 21853.90
3/20/2020 430.87 845.48 1276.12 535.50 2409.16 707.41 15099.65 -0.0398022% 21737.89
3/21/2020 427.66 845.23 1281.18 537.18 2394.83 709.23 15093.64 1.0169184% 21718.95
3/22/2020 432.58 853.28 1289.02 541.93 2427.52 709.23 15247.13 1.8446094% 21992.33
3/23/2020 445.98 857.89 1303.19 553.83 2474.48 718.87 15528.38 0.2842537% 22422.87
3/24/2020 425.61 859.31 1330.32 566.38 2423.65 716.42 15572.52 0.4114941% 22563.81
3/25/2020 425.61 858.79 1324.97 576.21 2418.70 723.76 15636.60 -0.1958226% 22693.51
3/26/2020 434.60 869.46 1323.58 566.59 2433.37 730.25 15605.98 0.4550820% 22525.48
3/27/2020 439.45 872.81 1323.60 570.03 2445.63 731.43 15677.00 1.1124577% 22548.34
3/28/2020 452.46 875.66 1321.07 579.25 2481.76 732.37 15851.40 0.1891946% 22776.49
3/29/2020 454.19 876.01 1332.41 579.29 2481.76 729.86 15881.39 1.4553512% 22806.19
3/30/2020 456.60 873.22 1340.27 582.37 2566.12 728.25 16112.52 -1.8412390% 23057.38
3/31/2020 456.06 868.56 1331.27 566.32 2523.82 712.75 15815.85 -0.3614728% 22670.62
4/1/2020 455.50 865.68 1331.72 566.96 2507.14 709.77 15758.68 0.2133427% 22557.76
4/2/2020 452.81 870.08 1340.48 563.36 2531.03 709.49 15792.30 -0.2568973% 22556.62
4/3/2020 433.55 873.36 1359.54 555.31 2522.25 710.90 15751.73 -0.5128326% 22521.57
4/4/2020 416.64 874.74 1351.71 551.93 2511.45 708.34 15670.95 0.0342672% 22466.32
4/5/2020 419.68 870.78 1339.59 557.65 2497.69 717.90 15676.32 -0.2186738% 22395.28
4/6/2020 416.64 870.26 1346.25 557.17 2490.82 716.91 15642.04 0.6352113% 22306.33
4/7/2020 412.74 875.69 1351.61 558.30 2527.63 721.52 15741.40 0.2964793% 22451.13
4/8/2020 412.22 877.16 1344.32 558.69 2550.67 728.94 15788.07 -0.0271091% 22408.75
4/9/2020 411.36 879.75 1343.32 560.28 2548.80 732.14 15783.79 -0.0852140% 22403.60
4/10/2020 405.72 881.64 1338.19 567.31 2519.01 735.78 15770.34 -0.6800741% 22247.20
4/11/2020 409.62 875.52 1338.56 563.15 2485.78 734.13 15663.09 0.0598222% 22073.28
4/12/2020 410.06 876.55 1341.64 568.69 2471.07 729.24 15672.46 0.5154902% 22139.14
4/13/2020 420.46 880.86 1344.81 576.13 2472.89 718.65 15753.25 -0.0829035% 22333.31
4/14/2020 438.35 879.39 1330.66 580.88 2464.20 712.91 15740.19 0.0877372% 22219.78
4/15/2020 435.83 878.66 1332.89 578.78 2475.91 716.97 15754.00 -0.5472261% 22236.52
4/16/2020 436.27 873.99 1326.40 573.08 2468.82 718.75 15667.79 1.5447616% 22120.45
4/17/2020 453.72 875.64 1333.23 583.21 2512.93 717.95 15909.82 0.2973635% 22384.76
4/18/2020 470.22 882.22 1342.12 586.29 2509.83 716.32 15957.13 0.5860076% 22525.00
4/19/2020 476.13 877.50 1340.00 592.27 2533.16 717.38 16050.64 0.0058565% 22728.59
4/20/2020 467.21 889.04 1334.35 585.06 2564.23 720.01 16051.58 0.1497672% 22721.97
4/21/2020 460.70 888.55 1329.78 582.93 2594.83 723.49 16075.62 0.9977842% 22772.74
4/22/2020 454.62 896.64 1335.19 581.25 2659.17 723.41 16236.02 -0.1558264% 23049.12
4/23/2020 450.80 897.92 1339.94 578.68 2652.72 725.00 16210.72 0.2719188% 22993.91
4/24/2020 450.38 894.44 1344.85 576.37 2677.34 726.10 16254.80 0.4343948% 23026.74
4/25/2020 459.70 897.05 1356.55 577.54 2687.27 733.05 16325.41 0.5599247% 23066.69
4/26/2020 472.75 896.16 1358.51 576.73 2729.30 721.80 16416.82 1.5137524% 23188.50
4/27/2020 492.83 902.82 1356.89 576.95 2837.06 724.63 16665.33 -0.1427514% 23493.15
4/28/2020 495.30 904.11 1359.92 570.60 2844.11 723.48 16641.54 -0.0278820% 23450.88
4/29/2020 495.30 903.01 1362.06 562.19 2875.08 720.50 16636.90 -0.8777477% 23435.19
4/30/2020 495.30 901.63 1362.02 562.59 2806.67 725.78 16490.87 0.0211026% 23063.74
5/1/2020 493.28 903.22 1362.85 562.85 2809.11 725.39 16494.35 0.3600627% 23134.82
5/2/2020 495.30 899.48 1365.06 563.94 2830.90 726.63 16553.74 -0.3487429% 23308.25
5/3/2020 491.00 898.40 1355.64 562.69 2830.16 728.87 16496.01 1.0079407% 23191.88
5/4/2020 491.40 906.50 1380.90 563.99 2861.42 728.66 16662.28 0.3387292% 23469.55
5/5/2020 491.40 910.15 1381.73 564.54 2885.77 729.82 16718.72 0.2866846% 23524.78
5/6/2020 491.40 913.55 1385.89 561.64 2913.08 733.79 16766.65 0.8151897% 23525.33
5/7/2020 490.14 922.15 1397.07 564.86 2938.76 740.81 16903.33 0.4890752% 23766.50
5/8/2020 483.29 937.12 1392.14 568.77 2961.27 743.80 16986.00 0.0801837% 23972.46
5/9/2020 483.38 937.24 1388.26 569.00 2973.38 742.69 16999.62 0.4848932% 24021.51
5/10/2020 478.87 943.59 1386.81 568.49 3009.94 743.86 17082.05 0.7072922% 24129.25
5/11/2020 474.37 939.72 1386.97 570.32 3056.64 742.74 17202.87 -0.3806923% 24298.65
5/12/2020 470.31 939.28 1384.35 565.89 3062.81 741.14 17137.38 0.0908540% 24251.16
5/13/2020 469.75 938.90 1386.98 566.72 3066.39 750.63 17152.95 -0.5018379% 24264.83
5/14/2020 462.28 938.19 1390.52 563.84 3032.69 748.63 17066.87 -1.1962943% 24129.87
5/15/2020 458.96 930.17 1383.50 559.55 2967.42 747.75 16862.70 -0.0632164% 23858.71
5/16/2020 449.75 929.69 1385.73 558.93 2963.39 748.11 16852.04 -0.0602894% 23857.53
5/17/2020 449.75 932.01 1383.24 555.35 2978.61 745.19 16841.88 0.1742680% 23781.44
5/18/2020 465.78 935.54 1387.05 557.41 2971.18 743.05 16871.23 0.4222573% 23810.46
5/19/2020 495.55 935.11 1376.29 556.42 3005.43 746.10 16942.47 0.3753880% 23831.46
5/20/2020 562.16 940.73 1377.46 554.30 3017.81 749.74 17006.07 0.1576496% 23849.90
5/21/2020 589.64 938.28 1375.39 555.64 3017.70 749.78 17032.88 -0.3775639% 23792.95
5/22/2020 580.48 936.11 1365.35 561.44 2985.45 752.40 16968.57 0.3160549% 23705.72
5/23/2020 561.59 931.88 1349.79 569.99 3006.35 753.91 17022.20 -0.8187543% 23787.53
5/24/2020 525.29 932.49 1335.40 562.02 3000.22 755.54 16882.83 -0.0992725% 23605.90
5/25/2020 523.13 933.61 1331.19 561.42 2991.74 753.03 16866.07 0.3324426% 23594.21
5/26/2020 539.73 931.27 1336.94 560.32 3002.51 756.50 16922.14 0.0483981% 23623.91
5/27/2020 533.68 932.83 1331.39 559.93 3022.48 756.60 16930.33 -0.8446971% 23660.36
5/28/2020 524.95 929.82 1325.29 552.26 2996.64 754.05 16787.32 0.6615708% 23453.32
5/29/2020 536.40 924.88 1318.93 553.13 3052.99 757.75 16898.38 -0.2160562% 23629.06
5/30/2020 535.94 924.61 1318.96 550.44 3043.20 758.43 16861.87 -0.2925536% 23585.50
5/31/2020 535.94 914.58 1328.09 547.23 3029.17 755.66 16812.54 0.1842672% 23505.56
6/1/2020 540.67 922.57 1333.75 543.08 3047.05 755.34 16843.52 -0.0391248% 23539.84
6/2/2020 540.67 931.70 1329.02 541.91 3051.80 756.98 16836.93 -0.2196956% 23555.71
6/3/2020 542.82 937.23 1337.48 534.01 3039.84 756.57 16799.94 0.0286311% 23495.54
6/4/2020 540.67 936.52 1330.91 532.61 3049.69 758.00 16804.75 -0.2750413% 23515.97
6/5/2020 540.67 934.87 1334.63 524.69 3056.43 758.75 16758.53 1.1461626% 23419.93
6/6/2020 539.98 937.06 1338.07 534.71 3090.58 762.60 16950.61 0.0247189% 23704.30
6/7/2020 539.98 940.89 1345.33 529.66 3096.29 769.35 16954.80 0.0849317% 23641.90
6/8/2020 544.27 942.69 1344.69 529.24 3105.23 767.52 16969.20 0.0606393% 23675.66
6/9/2020 544.27 941.94 1347.09 528.57 3106.79 769.60 16979.49 0.3340501% 23642.10
6/10/2020 544.27 956.00 1346.14 529.85 3126.15 771.63 17036.21 -0.0380953% 23718.68
6/11/2020 536.83 952.92 1346.81 527.86 3134.32 775.67 17029.72 -0.5135140% 23712.79
6/12/2020 526.12 948.81 1341.85 522.15 3133.07 777.08 16942.27 0.4998150% 23611.80
6/13/2020 519.61 948.70 1341.95 526.28 3153.27 777.76 17026.95 0.0260176% 23685.28
6/14/2020 519.61 935.84 1343.51 525.39 3169.43 774.19 17031.38 -0.1207183% 23670.91
6/15/2020 519.61 927.90 1351.40 526.63 3163.84 765.63 17010.82 0.0803606% 23684.51
6/16/2020 521.78 931.80 1348.90 528.29 3162.00 766.14 17024.49 -0.0618521% 23709.52
6/17/2020 523.95 934.12 1349.19 527.72 3151.41 769.24 17013.96 1.2024831% 23739.67
6/18/2020 523.95 933.83 1350.76 543.83 3172.37 769.70 17218.55 -1.0338850% 24022.72
6/19/2020 526.12 932.38 1350.28 539.27 3103.35 769.09 17040.53 1.1070665% 23782.62
6/20/2020 526.12 928.76 1354.25 543.58 3154.71 782.41 17229.18 0.1125416% 23967.45
6/21/2020 525.88 931.01 1353.30 545.36 3157.90 776.19 17248.57 -0.6348932% 23940.14
6/22/2020 525.88 933.94 1350.08 542.58 3124.51 772.80 17139.06 -0.8732684% 23828.18
6/23/2020 523.71 932.63 1343.49 538.35 3083.15 772.49 16989.39 0.5140267% 23581.40
6/24/2020 523.71 927.14 1353.48 537.47 3118.96 775.67 17076.72 -0.8843033% 23653.48
6/25/2020 515.23 924.54 1353.22 528.12 3099.13 769.02 16925.71 0.5098161% 23478.93
6/26/2020 514.80 925.19 1354.45 525.82 3144.71 772.73 17012.00 0.3691512% 23515.43
6/27/2020 514.51 927.41 1354.06 528.80 3154.57 775.50 17074.80 -0.4243095% 23595.07
6/28/2020 513.84 930.92 1356.83 527.26 3119.62 776.97 17002.35 -0.5503357% 23535.46
6/29/2020 512.74 931.09 1359.98 526.22 3071.51 780.57 16908.78 0.1961703% 23426.31
6/30/2020 513.41 930.58 1364.50 522.23 3086.25 781.97 16941.95 -1.0232588% 23405.89
7/1/2020 513.17 932.54 1360.62 523.31 3001.87 778.67 16768.59 0.1134264% 23207.59
7/2/2020 506.03 929.25 1356.99 523.30 3018.07 781.07 16787.61 -0.3751576% 23262.76
7/3/2020 513.41 931.61 1348.84 522.65 2996.70 784.56 16724.63 -0.6167550% 23135.30
7/4/2020 510.30 931.72 1334.12 520.13 2975.71 786.23 16621.48 -0.1245376% 22972.44
7/5/2020 534.16 932.08 1333.35 516.59 2970.44 791.26 16600.78 -0.1963161% 22897.17
7/6/2020 536.77 933.27 1332.13 514.86 2959.90 794.83 16568.19 -2.0616615% 22820.73
7/7/2020 517.07 925.33 1336.34 493.71 2892.98 795.94 16226.61 -1.6083458% 22323.79
7/8/2020 519.41 922.49 1317.56 480.27 2849.67 795.39 15965.63 -1.4362102% 21908.01
7/9/2020 510.74 902.42 1311.26 469.11 2788.36 794.67 15736.33 0.0325997% 21589.54
7/10/2020 502.50 896.51 1308.46 480.43 2747.22 795.48 15741.46 -0.2466734% 21663.10
7/11/2020 493.39 887.85 1306.78 476.60 2763.59 797.48 15702.63 -1.8021822% 21552.99
7/12/2020 493.39 885.76 1299.24 461.27 2701.41 796.41 15419.64 0.2265293% 21154.38
7/13/2020 493.39 881.90 1285.44 455.21 2760.78 803.15 15454.57 0.6031226% 21225.17
7/14/2020 499.99 875.62 1286.11 459.84 2756.09 801.75 15547.78 0.3444222% 21294.28
7/15/2020 504.39 879.09 1288.37 460.74 2773.71 801.74 15601.33 0.0918511% 21359.33
7/16/2020 514.68 890.19 1272.85 462.07 2781.32 803.52 15615.66 1.3029869% 21394.16
7/17/2020 523.47 884.38 1264.09 477.44 2800.52 803.93 15819.13 0.4676616% 21691.81
7/18/2020 527.76 885.57 1261.60 493.66 2767.46 802.02 15893.11 1.5173242% 21916.40
7/19/2020 536.35 892.49 1270.14 510.42 2771.92 802.51 16134.26 -1.9620361% 22296.45
7/20/2020 526.98 888.34 1257.10 491.93 2727.92 799.11 15817.70 -0.2788648% 21751.26
7/21/2020 524.83 888.26 1250.17 495.28 2712.59 797.75 15773.59 0.1641351% 21754.57
7/22/2020 525.09 889.04 1261.10 494.71 2701.88 797.43 15799.48 1.2478892% 21845.65
7/23/2020 532.21 891.97 1267.81 510.32 2709.62 795.73 15996.64 0.2566789% 22199.92
7/24/2020 532.21 899.40 1274.99 500.97 2748.18 792.56 16037.70 -0.9864881% 22198.03
7/25/2020 539.33 906.32 1275.95 489.91 2720.52 787.60 15879.49 0.7842191% 21988.58
7/26/2020 558.65 907.64 1270.60 500.56 2724.72 791.33 16004.02 0.1192825% 22109.73
7/27/2020 556.50 911.99 1269.99 508.02 2696.66 793.13 16023.11 -1.2081300% 22159.37
7/28/2020 552.21 912.81 1258.24 505.00 2633.35 796.13 15829.53 -0.9873951% 21891.19
7/29/2020 552.82 916.38 1277.60 495.98 2558.92 807.43 15673.23 -0.8982833% 21643.30
7/30/2020 537.72 911.81 1274.90 487.88 2546.66 805.05 15532.44 -0.6017728% 21440.08
7/31/2020 539.27 911.53 1273.54 485.78 2512.16 809.91 15438.97 -2.2339573% 21300.35
8/1/2020 493.39 911.53 1263.32 480.38 2408.12 810.60 15094.07 0.5741990% 20884.86
8/2/2020 498.50 911.13 1263.03 472.92 2475.49 809.67 15180.74 1.8987217% 21043.51
8/3/2020 518.39 910.85 1270.25 481.62 2553.11 816.27 15468.98 -0.1453877% 21462.36
8/4/2020 517.71 918.05 1267.93 486.94 2519.06 819.07 15446.49 1.2636528% 21371.22
8/5/2020 539.85 918.96 1275.93 493.49 2559.85 824.88 15641.68 -1.0362058% 21660.31
8/6/2020 520.54 914.70 1272.27 485.36 2541.48 825.99 15479.60 -0.4932944% 21383.62
8/7/2020 520.54 915.97 1267.78 479.18 2538.52 825.45 15403.24 -0.7960014% 21269.63
8/8/2020 520.54 910.66 1255.15 457.89 2582.94 824.01 15280.63 -1.2026337% 21021.88
8/9/2020 511.82 912.05 1253.16 442.00 2572.94 822.73 15096.86 0.5321636% 20785.47
8/10/2020 515.56 910.30 1253.87 449.10 2575.64 821.60 15177.20 -0.2563055% 20921.05
8/11/2020 506.47 912.54 1253.76 450.18 2549.86 820.69 15138.30 0.3174729% 20876.72
8/12/2020 513.42 910.67 1254.28 450.07 2565.54 820.42 15186.36 0.9814728% 20930.74
8/13/2020 515.86 904.42 1263.15 447.96 2632.71 820.94 15335.41 0.0562750% 21089.21
8/14/2020 528.74 904.10 1267.01 448.21 2625.83 821.43 15344.04 0.0971061% 21033.46
8/15/2020 524.02 904.93 1274.50 445.11 2637.25 817.61 15358.94 -0.0024090% 21104.12
8/16/2020 523.33 904.93 1283.39 439.80 2643.94 819.49 15358.57 -0.7837969% 21114.40
8/17/2020 518.18 905.87 1285.21 434.80 2618.72 818.86 15238.19 -0.8644727% 20894.73
8/18/2020 531.41 905.48 1288.30 434.27 2558.62 822.30 15106.46 0.5142171% 20759.79
8/19/2020 520.93 906.15 1280.67 427.61 2618.89 826.78 15184.14 -0.8334354% 20901.41
8/20/2020 515.86 902.17 1274.89 428.36 2574.18 827.67 15057.59 0.3339180% 20707.21
8/21/2020 517.03 903.89 1282.33 422.64 2605.81 827.85 15107.87 -0.8972145% 20803.94
8/22/2020 498.93 903.89 1273.62 418.10 2582.41 833.28 14972.32 -1.4913520% 20601.76
8/23/2020 468.45 900.31 1275.65 408.28 2534.25 838.03 14749.03 0.5728512% 20308.53
8/24/2020 477.92 899.30 1269.90 405.35 2574.85 847.63 14833.52 0.5854982% 20385.68
8/25/2020 478.43 915.04 1270.95 406.50 2562.45 890.03 14920.37 -0.4436887% 20369.14
8/26/2020 475.44 913.33 1262.12 404.31 2555.69 888.24 14854.17 -1.0499409% 20277.46
8/27/2020 468.09 885.29 1240.47 401.61 2545.05 873.92 14698.21 -1.8749902% 20070.13
8/28/2020 446.20 887.06 1228.18 398.27 2473.50 861.01 14422.62 -2.0248055% 19701.63
8/29/2020 441.85 876.31 1200.96 392.75 2410.09 855.68 14130.59 0.1321247% 19273.00
8/30/2020 411.54 878.18 1217.25 388.60 2425.51 855.02 14149.26 1.7056722% 19415.62
8/31/2020 436.78 881.39 1236.71 393.14 2478.07 857.19 14390.60 0.5829500% 19738.48
9/1/2020 452.68 882.24 1232.16 397.37 2495.88 857.04 14474.49 0.2246711% 19859.82
9/2/2020 466.64 893.12 1241.65 401.52 2466.00 861.04 14507.01 0.3061968% 19914.37
9/3/2020 463.91 899.83 1249.11 406.17 2452.45 872.46 14551.43 -0.0566267% 19928.61
9/4/2020 468.00 905.36 1247.76 405.15 2455.89 871.94 14543.19 0.8651472% 19909.81
9/5/2020 465.27 905.91 1254.11 408.61 2493.00 875.09 14669.01 -1.0336758% 20109.44
9/6/2020 466.21 903.84 1257.89 400.46 2448.39 879.99 14517.38 1.4265660% 19860.76
9/7/2020 468.00 903.44 1266.06 404.34 2511.17 885.40 14724.48 0% 20091.01
9/8/2020 468.00 907.29 1279.87 405.04 2516.91 879.75 14794.32 20265.02
 0.80%
Desviación Standar
Ajuste de volatilidad de rendimiento de bolsa local
Subsectoriales Base 30.10.1998=100 - Juniors Base 28.12.2007 = 100

INCA IBGC limentos-y-Bebidas Electricas Minerales-no-metalic Telecomunicacione Juniors

88.06 145.57 2637.89 1930.94 1310.02 188.73 47.25
88.47 144.99 2649.77 1930.94 1305.40 186.32 47.52
89.01 146.19 2654.11 1930.94 1305.03 190.01 48.95
88.89 146.20 2693.69 1910.81 1296.58 189.51 48.31
89.03 146.51 2683.04 1895.98 1302.12 191.15 46.87
89.19 146.91 2676.74 1901.22 1315.34 191.62 47.22
89.12 147.20 2666.59 1896.64 1315.41 190.91 47.68
90.02 148.74 2690.80 1871.91 1332.69 191.11 47.17
89.90 147.94 2670.65 1871.91 1340.52 191.05 47.38
89.91 147.72 2671.01 1870.99 1335.76 192.03 45.62
90.12 148.23 2671.01 1883.18 1342.22 191.31 45.80
90.34 148.35 2659.39 1883.18 1340.30 189.62 45.58
90.93 149.86 2686.34 1906.00 1328.78 188.41 45.15
91.25 150.05 2666.09 1907.75 1322.09 188.35 45.61
91.23 149.37 2664.38 1911.29 1318.40 187.52 45.15
91.74 150.75 2656.65 1911.29 1314.64 186.38 44.19
91.62 150.57 2646.00 1909.46 1300.79 185.65 44.77
89.91 147.99 2643.60 1896.36 1258.51 182.04 44.31
88.59 146.24 2607.17 1848.57 1258.51 181.90 42.60
87.51 144.51 2577.02 1837.66 1192.72 183.72 42.99
85.69 141.23 2527.54 1831.12 1170.49 181.37 42.86
86.74 142.72 2533.86 1838.24 1174.96 180.68 43.02
86.70 143.35 2536.52 1828.98 1156.83 179.50 42.39
84.52 139.05 2531.50 1804.50 1128.73 179.19 41.66
84.47 138.41 2541.40 1787.91 1129.14 177.13 41.77
83.88 136.55 2537.44 1789.62 1149.18 177.07 41.76
84.12 137.19 2537.44 1803.90 1150.10 180.45 41.16
84.78 137.20 2519.59 1863.00 1153.96 181.13 40.56
84.15 136.76 2497.93 1853.22 1142.55 180.12 42.84
84.89 137.76 2485.83 1870.88 1138.62 178.72 42.39
85.40 138.99 2487.67 1907.13 1143.23 176.99 41.86
85.63 138.78 2487.67 1909.84 1146.16 177.56 42.31
86.27 139.82 2491.88 1922.94 1145.24 177.73 43.72
86.51 140.49 2499.55 1921.19 1146.16 173.64 42.65
85.70 138.79 2500.66 1937.88 1133.92 177.36 43.64
85.13 137.77 2499.45 1943.12 1122.11 177.81 43.80
85.17 137.52 2503.21 1943.29 1117.41 177.46 44.84
85.73 138.62 2516.39 1942.42 1120.26 177.52 44.33
85.98 139.63 2536.82 1945.05 1120.26 178.12 44.31
85.87 139.51 2550.05 1944.96 1121.19 177.06 44.71
85.46 138.56 2540.04 1944.16 1120.26 177.07 44.51
85.46 138.60 2542.38 1944.16 1118.74 175.81 44.75
85.77 139.21 2552.43 1949.87 1131.07 174.17 44.04
84.62 137.47 2538.36 1918.53 1121.52 174.09 43.36
84.81 137.83 2526.83 1904.47 1111.12 175.70 42.87
84.35 137.30 2513.03 1875.62 1101.57 175.23 43.63
84.81 138.38 2478.16 1856.00 1101.57 177.09 43.75
84.38 138.06 2468.11 1841.01 1111.12 177.30 43.76
84.32 138.27 2488.21 1841.01 1112.14 174.76 45.19
84.56 138.27 2482.87 1855.51 1117.77 177.02 44.67
84.60 138.25 2486.14 1881.69 1117.77 176.56 44.38
83.27 136.33 2422.22 1873.53 1099.86 170.75 45.81
82.74 134.98 2377.09 1864.20 1082.80 172.16 45.60
82.67 135.33 2401.45 1864.20 1089.45 173.60 46.38
82.18 134.62 2403.25 1868.70 1059.26 173.88 46.79
81.35 132.72 2399.79 1861.33 1063.01 174.28 43.90
81.64 133.46 2393.17 1851.63 1067.78 174.09 44.70
80.83 131.38 2370.50 1869.63 1063.01 174.05 44.40
80.63 130.67 2370.50 1879.63 1058.24 172.92 43.67
80.11 130.39 2330.29 1878.31 1052.67 171.98 42.69
79.53 129.01 2274.96 1892.60 1045.03 170.40 42.25
79.68 129.51 2315.16 1885.00 1040.32 170.49 41.43
80.73 131.87 2376.61 1887.50 1040.32 172.09 42.33
81.09 132.80 2376.61 1896.50 1038.45 172.96 42.32
81.36 133.58 2396.71 1906.00 1051.91 172.96 40.92
81.46 133.86 2376.61 1914.12 1066.07 172.46 41.17
81.31 133.78 2374.60 1920.95 1077.50 173.14 40.65
82.09 134.92 2399.94 1929.51 1089.03 172.79 41.31
81.92 134.51 2404.16 1929.51 1085.15 174.75 41.11
82.62 134.97 2388.46 1929.51 1094.85 174.60 41.78
83.10 135.42 2394.80 1933.31 1082.71 174.33 41.29
83.87 135.97 2420.14 1937.99 1108.22 175.25 41.63
83.71 136.38 2420.14 1942.25 1114.04 175.06 41.31
84.16 137.42 2439.14 1942.53 1121.80 173.15 41.33
83.32 135.79 2409.16 1924.02 1116.50 172.98 40.82
83.34 137.36 2406.96 1903.91 1112.92 172.91 40.86
83.64 138.17 2426.47 1916.51 1112.92 176.16 40.39
84.09 139.58 2457.58 1921.04 1118.74 175.83 40.49
84.78 141.04 2483.29 1932.51 1118.03 177.27 40.78
85.33 141.65 2505.70 1933.41 1147.12 180.72 41.21
85.32 141.27 2505.70 1934.83 1156.82 178.70 41.52
85.06 141.37 2494.99 1940.69 1172.95 179.00 41.40
85.87 142.35 2485.18 1940.69 1165.39 180.60 41.14
87.40 144.51 2503.83 1974.43 1171.11 181.58 41.09
87.39 145.29 2558.24 1965.19 1167.23 182.02 41.10
87.40 145.54 2579.72 1988.88 1142.94 181.96 40.71
87.42 145.43 2574.06 2009.84 1128.44 182.10 40.73
87.56 145.54 2571.33 2013.64 1126.60 181.30 40.29
87.77 145.30 2559.74 2012.73 1124.36 182.45 40.25
88.43 147.16 2559.74 2005.95 1128.24 179.22 40.15
89.07 147.62 2540.71 1999.42 1118.55 180.72 42.15
88.14 146.48 2528.31 1958.60 1093.85 178.71 42.69
87.67 146.19 2517.35 1949.00 1096.38 180.09 43.17
87.32 145.56 2501.12 1948.10 1076.91 179.74 44.89
87.43 146.12 2502.36 1952.64 1074.96 180.70 45.25
87.27 145.85 2495.15 1957.53 1076.47 176.46 45.88
87.04 144.96 2483.61 1975.23 1078.41 180.16 44.20
87.33 145.77 2483.61 1986.49 1080.36 175.98 47.62
87.73 146.47 2494.32 1993.49 1082.31 178.44 48.55
87.96 146.75 2514.42 2001.65 1079.55 183.61 48.34
87.87 146.69 2514.42 1997.56 1076.69 187.93 48.68
87.31 145.97 2507.50 2000.10 1089.29 190.48 48.90
87.36 146.05 2507.50 2002.65 1091.35 187.62 47.76
87.04 145.55 2499.76 1992.14 1107.62 185.77 47.63
87.29 146.50 2505.00 1968.47 1106.11 182.33 47.47
86.85 145.14 2483.57 1953.87 1129.62 181.37 47.30
87.09 145.43 2503.19 1964.37 1135.46 182.68 48.35
86.84 144.67 2502.40 1968.79 1120.44 183.19 48.64
87.37 145.01 2486.46 1962.26 1117.35 185.00 48.41
87.55 145.71 2496.56 1962.26 1119.19 183.85 47.83
87.68 145.83 2491.07 1966.95 1117.37 183.63 47.80
87.66 145.87 2499.83 1980.50 1108.71 182.05 48.11
87.70 145.73 2497.26 1987.84 1103.24 183.52 51.35
88.16 146.14 2497.26 1991.42 1103.24 182.40 52.30
88.07 146.32 2487.38 1991.42 1097.76 184.23 52.48
87.98 146.51 2484.68 1988.58 1083.63 185.65 53.48
88.05 147.14 2486.08 2010.91 1083.63 185.80 54.48
88.07 146.85 2475.57 1988.79 1082.45 182.04 57.36
88.70 147.66 2465.06 1990.25 1073.80 187.23 63.20
88.54 147.38 2465.06 1986.56 1066.50 184.89 63.53
88.68 147.55 2448.60 1978.24 1059.20 184.75 62.58
88.28 147.13 2469.72 1993.95 1052.19 185.11 60.36
88.44 147.24 2463.42 1993.95 1059.49 184.74 60.53
88.67 147.60 2463.42 1999.21 1072.26 184.34 61.29
88.45 147.47 2455.01 2008.95 1068.61 183.59 63.39
89.10 148.81 2456.76 2010.84 1075.73 182.64 64.10
89.53 149.32 2455.70 2019.42 1079.21 181.05 66.33
89.67 149.37 2455.06 2030.41 1072.82 182.02 66.25
90.55 150.48 2462.01 2048.07 1102.41 184.38 66.27
90.94 151.42 2470.76 2048.73 1128.08 187.80 66.06
91.03 151.37 2482.35 2050.86 1117.64 185.70 64.80
91.62 152.04 2498.81 2055.13 1115.03 185.63 64.42
91.95 152.39 2528.95 2053.69 1124.31 184.77 64.25
91.80 151.68 2549.31 2042.58 1125.91 186.72 64.38
91.74 151.60 2553.71 2053.98 1130.70 194.27 63.62
91.55 151.56 2549.60 2053.24 1131.86 192.11 62.66
90.37 149.82 2542.44 2053.96 1120.78 190.75 61.16
90.48 150.28 2537.85 2055.34 1134.26 190.70 62.82
90.34 150.22 2540.09 2054.67 1129.72 187.30 63.44
90.52 150.72 2540.09 2046.88 1124.81 187.45 63.11
90.52 150.58 2542.38 2057.64 1120.41 187.37 63.20
90.70 150.88 2542.38 2060.04 1102.78 191.04 62.84
90.53 150.61 2530.93 2065.51 1093.34 189.11 63.17
90.26 149.94 2530.93 2069.74 1093.34 190.85 63.17
90.00 148.94 2523.41 2074.79 1080.86 190.91 63.68
89.60 148.23 2523.41 2080.93 1092.21 190.73 63.42
89.78 147.66 2494.26 2080.93 1091.57 187.60 60.62
89.91 147.74 2475.52 2084.71 1097.75 190.56 61.73
90.04 147.45 2457.19 2084.71 1102.78 190.68 62.16
89.57 146.88 2457.19 2088.07 1107.32 186.30 62.28
89.60 146.45 2445.73 2098.61 1110.59 187.10 65.82
89.41 146.01 2427.80 2103.03 1116.26 186.35 64.98
89.09 145.80 2382.20 2094.44 1107.93 186.00 65.58
89.53 146.67 2346.89 2093.97 1109.55 185.77 65.85
89.63 147.44 2382.42 2093.84 1115.07 187.78 67.27
89.94 148.16 2382.42 2097.44 1125.66 186.06 63.26
89.72 147.59 2388.23 2103.16 1117.93 185.81 62.26
89.68 147.20 2363.11 2099.76 1114.63 187.86 61.83
90.49 148.54 2369.12 2112.84 1127.84 187.99 62.52
90.70 148.79 2369.79 2134.54 1131.14 188.62 62.56
90.93 149.51 2374.48 2130.55 1134.44 187.81 63.72
90.95 149.82 2375.61 2132.03 1139.94 189.78 65.09
91.09 150.29 2376.82 2136.34 1143.34 190.73 67.13
91.09 150.03 2374.48 2145.16 1133.43 192.54 67.57
90.44 149.05 2374.70 2147.75 1121.83 193.33 68.74
90.48 149.19 2375.16 2155.03 1129.94 191.62 67.65
90.52 149.17 2342.77 2142.02 1131.64 191.83 68.67
90.50 149.65 2372.28 2113.02 1122.65 191.55 70.58
90.59 149.68 2371.82 2115.18 1129.44 191.42 70.54
90.74 149.57 2372.40 2130.42 1124.35 189.87 70.39
91.33 150.14 2385.28 2134.48 1128.25 189.02 70.61
90.54 149.01 2374.70 2136.07 1131.55 187.72 68.50
91.57 149.58 2395.82 2180.36 1131.96 188.44 68.60
92.18 149.63 2397.02 2164.91 1131.96 186.29 68.20
91.50 149.23 2399.39 2152.99 1135.86 186.34 68.11
90.80 148.09 2387.01 2151.23 1137.55 186.57 66.63
91.33 148.67 2398.85 2163.46 1140.86 186.18 68.62
90.72 147.98 2388.98 2151.40 1135.95 182.31 68.63
91.40 148.54 2403.06 2154.53 1123.75 185.71 68.53
91.67 149.29 2412.19 2165.03 1125.96 185.42 67.31
91.25 148.72 2424.21 2172.71 1123.16 184.53 67.81
90.91 148.81 2440.33 2184.19 1124.86 184.89 66.17
91.49 149.26 2442.98 2189.42 1117.15 184.76 66.24
90.74 148.63 2447.67 2186.53 1119.35 181.78 67.03
90.70 148.41 2463.80 2203.23 1118.16 178.88 67.19
90.62 148.19 2460.29 2204.96 1110.46 182.50 66.52
90.01 147.30 2457.94 2214.17 1108.67 181.32 65.75
89.84 146.77 2452.07 2230.81 1098.08 181.61 65.54
89.69 146.47 2439.35 2239.77 1098.08 182.82 65.54
89.26 145.75 2441.50 2244.49 1090.79 182.52 62.95
88.58 144.49 2434.46 2245.46 1079.10 181.52 59.68
87.14 142.21 2357.64 2245.42 1064.61 180.67 55.42
86.90 142.16 2375.75 2247.22 1062.71 181.01 55.07
86.49 141.66 2365.00 2250.51 1045.00 182.19 57.63
85.86 140.64 2360.24 2248.23 1029.04 181.72 57.59
85.73 139.67 2342.82 2274.91 1015.03 180.88 57.92
85.78 139.82 2342.82 2274.91 1027.87 179.32 57.95
86.24 140.73 2350.67 2273.72 1027.87 179.67 57.95
86.22 140.23 2350.00 2281.43 1024.73 179.24 57.91
86.53 139.45 2345.26 2282.76 1022.88 179.29 50.14
86.22 139.74 2350.10 2281.55 1042.37 177.59 50.18
86.61 140.31 2348.28 2292.72 1066.07 174.74 47.40
85.63 139.37 2350.70 2292.72 1055.84 171.04 45.47
85.25 139.42 2350.70 2278.05 1047.05 174.02 46.91
85.62 139.77 2346.02 2278.82 1048.80 173.44 46.92
85.67 139.86 2353.01 2269.36 1062.60 174.47 45.66
86.56 141.36 2382.21 2257.44 1068.99 174.64 45.21
86.37 141.40 2387.06 2243.31 1068.99 173.55 45.09
86.78 141.71 2422.93 2250.44 1058.61 175.43 43.86
86.69 141.73 2402.11 2256.36 1056.48 175.60 43.79
86.62 141.78 2399.14 2264.42 1067.13 176.40 43.40
86.25 141.71 2371.31 2290.10 1077.78 180.86 40.87
85.63 141.08 2359.20 2275.22 1056.48 182.79 39.87
85.59 141.14 2353.38 2287.50 1058.29 184.34 39.90
84.60 140.08 2355.89 2282.81 1058.29 186.50 38.38
84.85 140.19 2334.09 2281.08 1061.81 186.01 38.03
85.77 141.00 2352.80 2299.83 1072.41 187.49 37.95
85.12 139.92 2332.83 2308.19 1072.41 187.99 37.10
85.77 141.53 2362.80 2320.35 1092.99 190.60 37.12
85.32 140.60 2352.29 2324.20 1092.99 190.63 36.95
85.01 140.05 2350.23 2319.53 1072.67 191.47 36.53
85.11 139.36 2339.55 2314.38 1075.99 191.47 36.53
84.91 139.98 2335.30 2314.81 1083.74 189.94 36.33
85.01 140.03 2337.12 2306.11 1078.73 191.36 36.11
84.62 139.72 2337.39 2302.98 1076.97 191.33 36.48
84.83 139.81 2341.55 2306.11 1078.29 190.08 35.74
86.15 141.78 2348.81 2306.73 1079.18 190.46 36.06
86.33 141.99 2336.70 2312.20 1065.89 189.33 35.43
86.36 142.37 2372.18 2299.71 1052.63 188.97 35.54
86.57 142.63 2318.65 2307.72 1057.93 188.59 35.53
86.47 142.83 2324.51 2313.96 1067.90 186.01 35.31
85.83 141.86 2298.56 2320.38 1074.75 187.80 35.47
86.05 141.60 2290.42 2335.53 1075.62 188.05 35.38
85.78 141.23 2288.33 2336.31 1069.43 188.79 35.94
86.41 142.24 2288.33 2332.70 1084.45 190.08 36.07
86.00 141.39 2276.22 2355.22 1088.22 189.13 35.65
85.80 141.32 2260.97 2364.30 1105.70 191.53 35.24
86.13 141.50 2268.62 2400.54 1106.81 190.94 35.20
86.64 141.59 2270.94 2553.01 1109.47 190.68 35.32
85.65 139.63 2243.45 2546.74 1115.01 190.65 34.84
84.37 136.74 2241.98 2513.52 1100.19 185.19 32.18
82.90 135.36 2209.23 2466.37 1096.87 185.49 31.64
81.68 133.37 2224.92 2457.73 1084.48 182.33 31.35
82.34 134.66 2198.28 2457.73 1090.02 181.63 31.52
83.69 137.36 2237.29 2473.55 1102.20 179.18 31.99
83.44 136.90 2241.33 2478.23 1112.16 177.59 31.70
83.84 137.19 2220.10 2491.70 1117.91 177.85 32.81
84.48 138.71 2272.55 2518.65 1111.27 182.06 34.02
84.33 138.33 2256.43 2515.37 1111.27 182.49 34.05
85.12 139.72 2292.52 2521.59 1114.56 184.02 34.09
84.30 138.56 2231.98 2527.76 1102.41 187.45 34.05
84.98 139.09 2241.07 2545.75 1093.58 187.86 35.15
85.18 139.56 2238.65 2545.75 1104.41 181.74 34.20
Date Open High Low Close Adj Close VARIACION
12/31/2019 1842.609985 1849.439941 1842.410034 1848.359985 1848.359985 -0.8861913%
1/1/2020 1845.859985 1845.859985 1827.73999 1831.97998 1831.97998 -0.0332965%
1/2/2020 1833.209961 1838.23999 1829.130005 1831.369995 1831.369995 -0.2511767%
1/3/2020 1832.310059 1837.160034 1823.72998 1826.77002 1826.77002 0.6081764%
1/4/2020 1828.709961 1840.099976 1828.709961 1837.880005 1837.880005 -0.0212209%
1/5/2020 1837.900024 1840.02002 1831.400024 1837.48999 1837.48999 0.0348309%
1/6/2020 1839 1843.22998 1830.380005 1838.130005 1838.130005 0.2306687%
1/7/2020 1840.060059 1843.150024 1832.430054 1842.369995 1842.369995 -1.2576217%
1/8/2020 1841.26001 1843.449951 1815.52002 1819.199951 1819.199951 1.0817972%
1/9/2020 1821.359985 1839.26001 1821.359985 1838.880005 1838.880005 0.5166188%
1/10/2020 1840.52002 1850.839966 1840.52002 1848.380005 1848.380005 -0.1347120%
1/11/2020 1847.98999 1847.98999 1840.300049 1845.890015 1845.890015 -0.3895175%
1/12/2020 1844.22998 1846.040039 1835.22998 1838.699951 1838.699951 0.2773752%
1/13/2020 1841.050049 1849.310059 1832.380005 1843.800049 1843.800049 0.0574865%
1/14/2020 1844.709961 1846.869995 1840.880005 1844.859985 1844.859985 -0.8889577%
1/15/2020 1842.290039 1842.290039 1820.060059 1828.459961 1828.459961 -2.0875449%
1/16/2020 1826.959961 1826.959961 1790.290039 1790.290039 1790.290039 -0.4876294%
1/17/2020 1791.030029 1795.97998 1772.880005 1781.560059 1781.560059 0.6140652%
1/18/2020 1783 1793.869995 1779.48999 1792.5 1792.5 -1.0209232%
1/19/2020 1790.150024 1790.150024 1770.449951 1774.199951 1774.199951 1.1267045%
1/20/2020 1777.170044 1798.77002 1777.170044 1794.189941 1794.189941 -0.6465299%
1/21/2020 1790.880005 1793.880005 1772.26001 1782.589966 1782.589966 -2.2831920%
1/22/2020 1782.680054 1784.829956 1739.660034 1741.890015 1741.890015 0.7641089%
1/23/2020 1743.819946 1758.72998 1743.819946 1755.199951 1755.199951 -0.2028222%
1/24/2020 1753.380005 1755.790039 1737.920044 1751.640015 1751.640015 1.2439793%
1/25/2020 1752.98999 1774.060059 1752.98999 1773.430054 1773.430054 1.3301887%
1/26/2020 1776.01001 1798.030029 1776.01001 1797.02002 1797.02002 0.1569235%
1/27/2020 1796.199951 1799.939941 1791.829956 1799.839966 1799.839966 1.1062114%
1/28/2020 1800.449951 1823.540039 1800.410034 1819.75 1819.75 -0.0269262%
1/29/2020 1820.119995 1826.550049 1815.969971 1819.26001 1819.26001 0.5810025%
1/30/2020 1814.819946 1830.25 1809.219971 1829.829956 1829.829956 0.4809217%
1/31/2020 1828.459961 1841.650024 1825.589966 1838.630005 1838.630005 0.1158474%
2/1/2020 1839.030029 1842.869995 1835.01001 1840.76001 1840.76001 -0.6524484%
2/2/2020 1838.900024 1847.5 1826.98999 1828.75 1828.75 0.6031458%
2/3/2020 1829.23999 1842.790039 1824.579956 1839.780029 1839.780029 -0.1918723%
2/4/2020 1841.069946 1846.130005 1835.599976 1836.25 1836.25 0.6186513%
2/5/2020 1836.780029 1858.709961 1836.780029 1847.609985 1847.609985 -0.1347682%
2/6/2020 1847.660034 1852.910034 1840.189941 1845.119995 1845.119995 0.0021700%
 2/7/2020 1845.790039 1852.650024 1840.660034 1845.160034 1845.160034 0.4948083%
2/8/2020 1844.900024 1854.530029 1841.130005 1854.290039 1854.290039 0.2782689%
2/9/2020 1855.119995 1867.920044 1847.670044 1859.449951 1859.449951 -0.7378511%
2/10/2020 1857.680054 1857.680054 1834.439941 1845.72998 1845.72998 1.5267701%
2/11/2020 1849.22998 1876.22998 1849.22998 1873.910034 1873.910034 -0.0053351%
2/12/2020 1874.050049 1876.530029 1871.109985 1873.810059 1873.810059 0.1718408%
2/13/2020 1874.180054 1881.939941 1874.180054 1877.030029 1877.030029 0.0538089%
2/14/2020 1878.52002 1883.569946 1870.560059 1878.040039 1878.040039 -0.0463246%
2/15/2020 1877.859985 1877.869995 1867.040039 1877.170044 1877.170044 -0.5082139%
2/16/2020 1878.26001 1882.349976 1863.880005 1867.630005 1867.630005 0.0305171%
2/17/2020 1866.150024 1868.380005 1854.380005 1868.199951 1868.199951 -1.1701095%
2/18/2020 1869.060059 1874.400024 1841.859985 1846.339966 1846.339966 -0.2821778%
2/19/2020 1845.069946 1852.439941 1839.569946 1841.130005 1841.130005 0.9613635%
2/20/2020 1842.810059 1862.300049 1842.810059 1858.829956 1858.829956 0.7219619%
2/21/2020 1858.920044 1873.76001 1858.920044 1872.25 1872.25 -0.6131649%
2/22/2020 1872.25 1874.140015 1850.349976 1860.77002 1860.77002 0.6040505%
2/23/2020 1860.089966 1873.48999 1854.630005 1872.01001 1872.01001 -0.2932671%
2/24/2020 1874.530029 1883.969971 1863.459961 1866.52002 1866.52002 -0.4864710%
2/25/2020 1867.670044 1873.339966 1849.689941 1857.439941 1857.439941 0.4403940%
2/26/2020 1859.47998 1871.869995 1855.959961 1865.619995 1865.619995 -0.7000319%
2/27/2020 1867.089966 1875.920044 1852.560059 1852.560059 1852.560059 -0.1900084%
2/28/2020 1852.109985 1855.550049 1842.109985 1849.040039 1849.040039 0.4640222%
2/29/2020 1850.069946 1866.630005 1850.069946 1857.619995 1857.619995 0.7924102%
3/1/2020 1859.160034 1875.180054 1859.160034 1872.339966 1872.339966 0.7039349%
3/2/2020 1873.959961 1885.839966 1873.959961 1885.52002 1885.52002 0.2853326%
3/3/2020 1886.609985 1893.170044 1883.790039 1890.900024 1890.900024 -0.1126450%
3/4/2020 1891.430054 1893.800049 1882.650024 1888.77002 1888.77002 -1.2537288%
3/5/2020 1890.25 1897.280029 1863.26001 1865.089966 1865.089966 -1.0750113%
3/6/2020 1863.920044 1864.040039 1841.47998 1845.040039 1845.040039 0.3750554%
3/7/2020 1845.47998 1854.949951 1837.48999 1851.959961 1851.959961 1.0918213%
3/8/2020 1852.640015 1872.430054 1852.380005 1872.180054 1872.180054 -2.0884796%
3/9/2020 1872.280029 1872.530029 1830.869995 1833.079956 1833.079956 -0.9486774%
3/10/2020 1830.650024 1835.069946 1814.359985 1815.689941 1815.689941 0.8217286%
3/11/2020 1818.180054 1834.189941 1815.800049 1830.609985 1830.609985 0.6757308%
3/12/2020 1831.449951 1844.02002 1816.290039 1842.97998 1842.97998 1.0488491%
3/13/2020 1846.01001 1862.310059 1846.01001 1862.310059 1862.310059 0.1363853%
3/14/2020 1861.72998 1869.630005 1856.719971 1864.849976 1864.849976 0.3775124%
3/15/2020 1865.790039 1871.890015 1863.180054 1871.890015 1871.890015 0.4092139%
3/16/2020 1872.569946 1884.890015 1872.569946 1879.550049 1879.550049 -0.2213314%
3/17/2020 1879.319946 1879.75 1873.910034 1875.390015 1875.390015 0.1716960%
3/18/2020 1881.969971 1884.060059 1870.23999 1878.609985 1878.609985 -0.8096391%
3/19/2020 1877.719971 1877.719971 1859.699951 1863.400024 1863.400024 0.3236036%
3/20/2020 1865 1877.01001 1850.609985 1869.430054 1869.430054 0.4760757%
3/21/2020 1870.780029 1880.599976 1870.780029 1878.329956 1878.329956 0.2992017%
3/22/2020 1877.099976 1885.199951 1872.689941 1883.949951 1883.949951 -0.0143261%
3/23/2020 1884.390015 1888.589966 1878.040039 1883.680054 1883.680054 -0.1348445%
3/24/2020 1885.300049 1891.329956 1878.5 1881.140015 1881.140015 0.1871216%
3/25/2020 1879.449951 1885.51001 1866.77002 1884.660034 1884.660034 -0.8988392%
3/26/2020 1883.689941 1883.689941 1867.719971 1867.719971 1867.719971 0.5616468%
3/27/2020 1868.530029 1878.829956 1859.790039 1878.209961 1878.209961 -0.1373625%
3/28/2020 1877.390015 1889.069946 1870.050049 1875.630005 1875.630005 0.1519476%
3/29/2020 1875.27002 1878.569946 1867.02002 1878.47998 1878.47998 0.9672738%
3/30/2020 1880.030029 1897.130005 1880.030029 1896.650024 1896.650024 0.0421758%
3/31/2020 1896.75 1902.170044 1896.060059 1897.449951 1897.449951 -0.4701005%
4/1/2020 1897.130005 1897.130005 1885.77002 1888.530029 1888.530029 -0.9361807%
4/2/2020 1888.160034 1888.160034 1862.359985 1870.849976 1870.849976 0.3746965%
4/3/2020 1871.189941 1878.280029 1864.819946 1877.859985 1877.859985 0.3844787%
4/4/2020 1876.660034 1886 1872.420044 1885.079956 1885.079956 -0.6498398%
4/5/2020 1884.880005 1884.880005 1868.140015 1872.829956 1872.829956 0.8116099%
4/6/2020 1873.339966 1888.800049 1873.339966 1888.030029 1888.030029 0.2362230%
4/7/2020 1888.189941 1896.329956 1885.390015 1892.48999 1892.48999 0.4248392%
4/8/2020 1893.319946 1901.26001 1893.319946 1900.530029 1900.530029 0.5987806%
4/9/2020 1902.01001 1912.280029 1902.01001 1911.910034 1911.910034 -0.1114072%
4/10/2020 1911.77002 1914.459961 1907.300049 1909.780029 1909.780029 0.5367110%
4/11/2020 1910.599976 1920.030029 1909.819946 1920.030029 1920.030029 0.1843678%
4/12/2020 1920.329956 1924.030029 1916.640015 1923.569946 1923.569946 0.0727826%
4/13/2020 1923.869995 1925.880005 1915.97998 1924.969971 1924.969971 -0.0379217%
4/14/2020 1923.069946 1925.069946 1918.790039 1924.23999 1924.23999 0.1891664%
4/15/2020 1923.060059 1928.630005 1918.599976 1927.880005 1927.880005 0.6525280%
4/16/2020 1928.52002 1941.73999 1922.930054 1940.459961 1940.459961 0.4627758%
4/17/2020 1942.410034 1949.439941 1942.410034 1949.439941 1949.439941 0.0938772%
4/18/2020 1948.969971 1955.550049 1947.160034 1951.27002 1951.27002 -0.0245984%
4/19/2020 1950.339966 1950.859985 1944.640015 1950.790039 1950.790039 -0.3537041%
4/20/2020 1949.369995 1949.369995 1940.079956 1943.890015 1943.890015 -0.7088894%
4/21/2020 1943.349976 1943.349976 1925.780029 1930.109985 1930.109985 0.3134562%
4/22/2020 1930.800049 1937.300049 1927.689941 1936.160034 1936.160034 0.0836705%
4/23/2020 1934.839966 1941.150024 1930.910034 1937.780029 1937.780029 0.2172569%
4/24/2020 1937.150024 1943.689941 1933.550049 1941.98999 1941.98999 0.7718881%
4/25/2020 1942.72998 1957.73999 1939.290039 1956.97998 1956.97998 0.1277479%
4/26/2020 1957.5 1959.869995 1952.26001 1959.47998 1959.47998 0.1730059%
4/27/2020 1960.449951 1963.910034 1959.170044 1962.869995 1962.869995 -0.0132464%
4/28/2020 1962.920044 1963.73999 1958.890015 1962.609985 1962.609985 -0.6435311%
4/29/2020 1961.969971 1968.170044 1948.339966 1949.97998 1949.97998 0.4897511%
4/30/2020 1949.27002 1960.829956 1947.48999 1959.530029 1959.530029 -0.1178884%
5/1/2020 1959.890015 1959.890015 1944.689941 1957.219971 1957.219971 0.1910869%
5/2/2020 1956.560059 1961.469971 1952.180054 1960.959961 1960.959961 -0.0372257%
5/3/2020 1960.790039 1964.23999 1958.219971 1960.22998 1960.22998 0.6677771%
5/4/2020 1962.290039 1978.579956 1962.290039 1973.319946 1973.319946 0.0658813%
5/5/2020 1973.060059 1976.670044 1972.579956 1974.619995 1974.619995 0.5479508%
5/6/2020 1975.880005 1985.589966 1975.880005 1985.439941 1985.439941 -0.3923522%
5/7/2020 1984.219971 1984.219971 1974.880005 1977.650024 1977.650024 -0.7048802%
5/8/2020 1976.390015 1976.390015 1959.459961 1963.709961 1963.709961 0.4644268%
5/9/2020 1965.099976 1974.150024 1965.099976 1972.829956 1972.829956 -0.4131072%
5/10/2020 1966.670044 1969.839966 1952.859985 1964.680054 1964.680054 0.1470922%
5/11/2020 1965.76001 1968.670044 1959.630005 1967.569946 1967.569946 0.4843553%
5/12/2020 1969.859985 1979.849976 1969.859985 1977.099976 1977.099976 -0.1932096%
5/13/2020 1977.359985 1982.52002 1965.339966 1973.280029 1973.280029 0.4201085%
5/14/2020 1976.349976 1983.939941 1975.670044 1981.569946 1981.569946 -1.1834026%
5/15/2020 1979.75 1981.800049 1955.589966 1958.119995 1958.119995 1.0264936%
5/16/2020 1961.540039 1979.910034 1960.819946 1978.219971 1978.219971 -0.2320251%
5/17/2020 1976.930054 1976.930054 1965.77002 1973.630005 1973.630005 0.5016150%
5/18/2020 1975.650024 1986.23999 1975.650024 1983.530029 1983.530029 0.1754438%
5/19/2020 1985.319946 1989.22998 1982.439941 1987.01001 1987.01001 0.0488156%
5/20/2020 1988.069946 1991.390015 1985.790039 1987.97998 1987.97998 -0.4849150%
5/21/2020 1984.599976 1984.599976 1974.369995 1978.339966 1978.339966 0.0288155%
5/22/2020 1978.25 1981.52002 1967.310059 1978.910034 1978.910034 -0.4527787%
5/23/2020 1980.030029 1984.849976 1969.949951 1969.949951 1969.949951 0.0060913%
5/24/2020 1973.209961 1978.900024 1962.420044 1970.069946 1970.069946 -1.9999240%
5/25/2020 1965.140015 1965.140015 1930.670044 1930.670044 1930.670044 -0.2859121%
5/26/2020 1929.800049 1937.349976 1916.369995 1925.150024 1925.150024 0.7189032%
5/27/2020 1926.619995 1942.920044 1921.199951 1938.98999 1938.98999 -0.9685470%
5/28/2020 1936.339966 1936.339966 1913.77002 1920.209961 1920.209961 0.0015638%
5/29/2020 1917.290039 1927.910034 1911.449951 1920.23999 1920.23999 -0.5556620%
5/30/2020 1923.030029 1928.890015 1904.780029 1909.569946 1909.569946 1.1531403%
5/31/2020 1910.349976 1932.380005 1909.01001 1931.589966 1931.589966 0.2759425%
6/1/2020 1933.430054 1944.900024 1933.430054 1936.920044 1936.920044 -0.1636642%
6/2/2020 1935.72998 1939.650024 1928.290039 1933.75 1933.75 0.6707160%
 6/3/2020 1935.599976 1948.410034 1935.599976 1946.719971 1946.719971 0.4345814%
6/4/2020 1947.410034 1955.22998 1947.410034 1955.180054 1955.180054 -0.0061373%
6/5/2020 1958.869995 1964.040039 1941.5 1955.060059 1955.060059 0.8531672%
6/6/2020 1958.359985 1971.98999 1958.359985 1971.73999 1971.73999 0.5000652%
6/7/2020 1972.72998 1982.569946 1972.72998 1981.599976 1981.599976 0.2477813%
6/8/2020 1980.459961 1988.569946 1977.680054 1986.51001 1986.51001 0.2949889%
6/9/2020 1986.819946 1994.76001 1986.819946 1992.369995 1992.369995 -0.1992587%
6/10/2020 1992.599976 1993.540039 1984.76001 1988.400024 1988.400024 0.4787779%
6/11/2020 1991.73999 2001.949951 1991.73999 1997.920044 1997.920044 0.1051081%
6/12/2020 1998.589966 2005.040039 1998.589966 2000.02002 2000.02002 0.0049987%
6/13/2020 2000.540039 2002.140015 1996.199951 2000.119995 2000.119995 -0.1689901%
6/14/2020 1997.420044 1998.550049 1990.52002 1996.73999 1996.73999 0.3320415%
6/15/2020 1998.449951 2003.380005 1994.650024 2003.369995 2003.369995 -0.0544066%
6/16/2020 2004.069946 2006.119995 1994.849976 2002.280029 2002.280029 -0.0779141%
6/17/2020 2003.569946 2009.280029 1998.140015 2000.719971 2000.719971 -0.1534421%
6/18/2020 2001.670044 2011.170044 1992.540039 1997.650024 1997.650024 0.5035886%
6/19/2020 1998 2007.709961 1990.099976 2007.709961 2007.709961 -0.3073114%
6/20/2020 2007.170044 2007.170044 1995.599976 2001.540039 2001.540039 -0.6545009%
6/21/2020 2000.72998 2001.01001 1984.609985 1988.439941 1988.439941 0.3646074%
6/22/2020 1988.410034 1996.660034 1982.98999 1995.689941 1995.689941 0.0881906%
6/23/2020 1992.849976 1997.650024 1985.930054 1997.449951 1997.449951 -0.5962558%
6/24/2020 1996.73999 1996.73999 1980.26001 1985.540039 1985.540039 -0.0710151%
6/25/2020 1986.040039 1987.180054 1978.47998 1984.130005 1984.130005 0.7484376%
6/26/2020 1981.930054 2002.280029 1979.060059 1998.97998 1998.97998 0.1295644%
6/27/2020 1999.300049 2010.73999 1993.290039 2001.569946 2001.569946 0.4891180%
6/28/2020 2003.069946 2012.339966 2003.069946 2011.359985 2011.359985 -0.0477270%
6/29/2020 2012.73999 2019.26001 2006.589966 2010.400024 2010.400024 -0.8013323%
6/30/2020 2009.079956 2009.079956 1991.01001 1994.290039 1994.290039 -0.5776501%
7/1/2020 1992.780029 1995.410034 1982.77002 1982.77002 1982.77002 0.7832491%
7/2/2020 1983.339966 1999.790039 1978.630005 1998.300049 1998.300049 -1.6168773%
7/3/2020 1997.319946 1997.319946 1965.98999 1965.98999 1965.98999 0.8575825%
7/4/2020 1966.219971 1986.369995 1966.219971 1982.849976 1982.849976 -0.2546802%
7/5/2020 1978.959961 1981.280029 1964.040039 1977.800049 1977.800049 -0.2785929%
7/6/2020 1978.209961 1985.170044 1968.959961 1972.290039 1972.290039 -1.3248561%
7/7/2020 1971.439941 1971.439941 1941.719971 1946.160034 1946.160034 0.0005143%
7/8/2020 1945.829956 1952.319946 1926.030029 1946.170044 1946.170044 1.1165509%
7/9/2020 1948.119995 1971.189941 1948.119995 1967.900024 1967.900024 -0.1565160%
7/10/2020 1970.01001 1977.839966 1958.430054 1964.819946 1964.819946 -1.5126053%
7/11/2020 1962.359985 1962.359985 1934.869995 1935.099976 1935.099976 1.7461650%
7/12/2020 1935.550049 1970.359985 1925.25 1968.890015 1968.890015 -2.0661415%
7/13/2020 1967.680054 1967.680054 1927.560059 1928.209961 1928.209961 -1.1451012%
7/14/2020 1925.630005 1936.97998 1906.050049 1906.130005 1906.130005 -1.6467930%
7/15/2020 1905.650024 1912.089966 1874.140015 1874.73999 1874.73999 0.1578865%
7/16/2020 1877.109985 1898.709961 1871.790039 1877.699951 1877.699951 -0.8100315%
7/17/2020 1874.180054 1874.180054 1820.660034 1862.48999 1862.48999 0.0144978%
7/18/2020 1855.949951 1876.01001 1835.02002 1862.76001 1862.76001 1.2884107%
7/19/2020 1864.910034 1898.160034 1864.910034 1886.76001 1886.76001 0.9142657%
7/20/2020 1885.619995 1905.030029 1882.300049 1904.01001 1904.01001 1.9574487%
7/21/2020 1909.380005 1942.449951 1909.380005 1941.280029 1941.280029 -0.7299330%
7/22/2020 1941.290039 1949.310059 1926.829956 1927.109985 1927.109985 1.2303377%
7/23/2020 1931.02002 1961.949951 1931.02002 1950.819946 1950.819946 0.7053450%
7/24/2020 1951.589966 1965.27002 1946.27002 1964.579956 1964.579956 -0.1501568%
7/25/2020 1962.969971 1964.640015 1951.369995 1961.630005 1961.630005 1.1939073%
7/26/2020 1964.140015 1985.050049 1964.140015 1985.050049 1985.050049 -0.1385355%
7/27/2020 1983.290039 1991.400024 1969.040039 1982.300049 1982.300049 0.6230124%
7/28/2020 1979.48999 1999.400024 1974.75 1994.650024 1994.650024 1.1731394%
7/29/2020 2001.199951 2018.189941 2001.199951 2018.050049 2018.050049 -0.0118922%
7/30/2020 2018.209961 2024.459961 2013.680054 2017.810059 2017.810059 -0.2829842%
7/31/2020 2015.810059 2015.97998 2001.01001 2012.099976 2012.099976 0.5700497%
8/1/2020 2015.290039 2023.77002 2014.420044 2023.569946 2023.569946 0.3775513%
8/2/2020 2023.329956 2031.609985 2015.859985 2031.209961 2031.209961 0.0349586%
8/3/2020 2032.359985 2034.26001 2025.069946 2031.920044 2031.920044 0.3120185%
8/4/2020 2032.01001 2038.699951 2030.170044 2038.26001 2038.26001 0.0696694%
8/5/2020 2038.199951 2041.280029 2035.280029 2039.680054 2039.680054 -0.0701117%
8/6/2020 2037.75 2040.329956 2031.949951 2038.25 2038.25 0.0529845%
8/7/2020 2039.209961 2046.180054 2030.439941 2039.329956 2039.329956 0.0240270%
8/8/2020 2039.73999 2042.219971 2035.199951 2039.819946 2039.819946 0.0735359%
8/9/2020 2038.290039 2043.069946 2034.459961 2041.319946 2041.319946 0.5133984%
8/10/2020 2041.47998 2056.080078 2041.47998 2051.800049 2051.800049 -0.1501159%
8/11/2020 2051.159912 2052.139893 2040.369995 2048.719971 2048.719971 0.1967096%
8/12/2020 2045.869995 2053.840088 2040.48999 2052.75 2052.75 0.5236877%
8/13/2020 2057.459961 2071.459961 2056.75 2063.5 2063.5 0.2864023%
8/14/2020 2065.070068 2070.169922 2065.070068 2069.409912 2069.409912 -0.1150030%
8/15/2020 2070.149902 2074.209961 2064.75 2067.030029 2067.030029 0.2805982%
8/16/2020 2067.360107 2073.290039 2066.620117 2072.830078 2072.830078 -0.2542427%
8/17/2020 2074.780029 2075.76001 2065.060059 2067.560059 2067.560059 -0.6829363%
8/18/2020 2065.780029 2065.780029 2049.570068 2053.439941 2053.439941 0.6384461%
8/19/2020 2053.77002 2068.77002 2053.77002 2066.550049 2066.550049 0.3764743%
8/20/2020 2067.449951 2076.280029 2066.649902 2074.330078 2074.330078 -0.1161896%
8/21/2020 2073.639893 2077.340088 2062.340088 2071.919922 2071.919922 0.1665216%
8/22/2020 2072.780029 2079.469971 2070.810059 2075.370117 2075.370117 -0.7256565%
8/23/2020 2074.840088 2075.780029 2054.27002 2060.310059 2060.310059 -0.0237824%
8/24/2020 2056.550049 2060.600098 2034.170044 2059.820068 2059.820068 -1.6350968%
8/25/2020 2058.860107 2058.860107 2024.26001 2026.140015 2026.140015 0.4535689%
8/26/2020 2027.920044 2055.530029 2027.920044 2035.329956 2035.329956 -1.6213587%
8/27/2020 2030.359985 2032.25 2002.329956 2002.329956 2002.329956 -0.6342587%
8/28/2020 2005.030029 2018.689941 1982.26001 1989.630005 1989.630005 -0.8489023%
8/29/2020 1986.709961 2016.890015 1972.560059 1972.73999 1972.73999 2.0352416%
8/30/2020 1973.77002 2016.75 1973.77002 2012.890015 2012.890015 2.4015204%
8/31/2020 2018.97998 2061.22998 2018.97998 2061.22998 2061.22998 0.4570049%
9/1/2020 2061.040039 2077.850098 2061.030029 2070.649902 2070.649902 0.3810464%
9/2/2020 2069.280029 2078.76001 2069.280029 2078.540039 2078.540039 0.1746362%
9/3/2020 2081.47998 2086.72998 2079.77002 2082.169922 2082.169922 -0.0139297%
9/4/2020 2083.25 2087.560059 2081.860107 2081.879883 2081.879883 0.3309575%
9/5/2020 2084.300049 2092.699951 2084.300049 2088.77002 2088.77002 0.0861774%
9/6/2020 2087.629883 2093.550049 2085.75 2090.570068 2090.570068 -0.4888604%
9/7/2020 2088.48999 2088.48999 2079.530029 2080.350098 2080.350098
0.71%
Desviación Standar
Ajuste de volatilidad de rendimiento de bolsa americana
Volume
2312840000
3080600000
2774270000
3294850000
3511750000
3652140000
3581150000
3335710000
3591350000
3353270000
3777800000
3491310000
3626120000
3782470000
3374170000
3972250000
4618450000
4045200000
3437830000
3964020000
3547510000
4059690000
4726040000
4068410000
3984290000
3825410000
3775990000
3312160000
3699380000
3326380000
3289510000
3114750000
3421110000
3661570000
3404980000
3403880000
4014530000
3515560000
3716730000
3547460000
3917450000
3428220000
3765770000
3392990000
3360450000
3564740000
3021350000
3392400000
3270860000
3670990000
3285460000
2860490000
2930190000
3289210000
3327540000
5270710000
3409000000
3200560000
3480850000
3733430000
2955520000
3274300000
3336190000
3131660000
3055600000
3583750000
3801540000
3721450000
3308650000
3758780000
3743460000
3111540000
3736440000
3155080000
3341430000
2642500000
3215440000
3085720000
3191830000
3213020000
4034680000
3647820000
3779230000
3416740000
3159560000
2733730000
3327260000
3632950000
3393420000
3025020000
3005740000
2915680000
2822060000
3552640000
3173650000
2664250000
3007700000
2777140000
2759800000
2396280000
2911020000
2976450000
2709050000
3263490000
2509020000
2867180000
2793920000
3113270000
2864300000
2812180000
2702360000
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ón Standar
Prima por Riesgo Mercado = [Rm - Rf ] *(σx/σusa )

[5.64% - 2.54%] * (0.80% / 0.71%)

Prima por Riesgo Mercado = 3.49295774647%

Calculo CAPM

CAPM = Rf + β * [Rm - Rf ] * (σx / σUSA ) + R p

2.54% + 1.52 * (3.49%)+2.20%

CAPM = 10.36% Tasa de descuento requerido al patrimonio

Riesgo país Perú al 1

Riesgo país Perú al 1 de Abril de 2022 2.20%
No es posible generar apalancamiento financiero ya que según los datos proporcionados no tenemos deuda, ni pasivos. Todo es con recursos

La fórmula dada trabaja con deuda …...

El coste promedio ponderado del capital es una tasa de descuento cuyo objetivo es descontar los flujos de caja
futuros cuando se trata de analizar un proyecto de inversión. El WACC se toma en cuenta cuando el
financiamiento de un proyecto se impulsa comprometiendo capital de la compañía y recursos a través del
endeudamiento. En este caso, la tasa de descuento para la inversión se conseguirá por medio de un promedio
ponderado, entre el COK y una tasa de interés fijada por la deuda. Manuel Acevedo, docente del curso
Planeamiento financiero del PEE en ESAN, indica que una empresa puede tener como tasa de interés de
descuento a un COK o a un WACC, dependiendo del tipo de capital que utilice.«Ambos van a constituir la tasa
de descuento de un proyecto y generar el valor presente de los ingresos futuros. Si este último es mayor que la
inversión, entonces el proyecto es viable. Si es inferior, el proyecto no es rentable», señala el académico. Esto
es debido a que el primer paso para iniciar un negocio es definir de dónde se conseguirán los recursos, del
capital propio o de capital ajeno.
capital propio o de capital ajeno.
vos. Todo es con recursos propios.
 SITUACIÓN FINANCIERA - Empresa: INVERSIONES CEN
al 31 de diciembre
ACTIVOS 2020
METODO%
2019
METODO%
S/. S/.
Activo corriente
Efectivo y equivalente de efectivo 70,998 2 5,075 0
Cuentas por cobrar comerciales neto 116,791 4 128,720 4
Otras cuentas por cobrar neto 13,843 0 16,268 1
Inventarios, neto 115,321 4 217,585 7
Gastos contratados por anticipado 547 0 916 0
Total activo corriente 317,500 11 368,564 12

Activo no corrientes
Cuentas por cobrar comerciales a largo plazo, neto 489,986 17 439,033 14
Otras cuentas por cobrar a relacionadas a largo plazo 20,838 1 57,835 2
Otras cuentas por cobrar, neto a largo plazo 4,532 0 7,580 0
Activos financieros a volar razonable con cambios en otros resultados integrales 1,694 0 1,549 0
Activos de derechos de uso, neto 5,756 0 7,896 0
Inversiones en subsidiarias y asociadas 1,927,467 66 1,908,756 63
Propiedades y equipos, neto 6,425 0 9,680 0
Propiedades de inversión 157,815 5 223,075 7
Activos intangibles, neto 5,474 0 7,156 0
Total activos no corrientes 2,619,987 89 2,662,560 88
Total de activos 2,937,487 100 3,031,124 100
ERSIONES CENTENARIO S.A.A
al 31 de diciembre
PASIVO Y PATRIMONIO 2020 METODO 2019 METODO
% %
S/. S/.
Pasivo corriente
Otros pasivos financieros 94,720 3 66,906 2
Pasivo por arrendamientos 1,935 0 1,985 0
Cuentas por pagar comerciales 26,556 1 87,655 3
Otras cuentas por pagar 16,764 1 22,484 1
Ingresos diferidos 18,090 1 24,947 1
Total pasivo corriente 158,065 5 203,977 7

Pasivos no corrientes
Otros pasivos financieros 222,817 8 256,941 8
Pasivo por arrendamientos 4,544 0 5,981 0
Otras cuentas por pagar a relacionadas 363,193 12 468,521 15
Pasivo por impuesto a las ganancias diferido, neto 159,012 5 145,879 5
Total pasivos no corrientes 749,566 26 877,322 29
Total pasivos 907,631 31 1,081,299 36

Patrimonio
Capital emitido 577,245 20 577,245 19
Capital adicional 507,736 17 507,736 17
Reserva legal 80,364 3 62,617 2
Resultados no realizados -581 0 -683 0
Resultados acumulados 865,092 29 802,910 26

Total patrimonio 2,029,856 69 1,949,825 64

Total pasivo y patrimonio 2,937,487 100 3,031,124 100
 Por el año terminado el 31 de diciembre
2020 METO 2019 METOD
CUENTA S/.
S/. DO % O%

Ventas netas / Ingresos 355,088 100 324,268 100

Costo de ventas -166,792 -47 -165,720 -51
-11 0 5,210 2
Ganancia por cambios en el valor razonables de propiedades de inversión
Utilidad bruta 188,285 53 163,758 51
0
0
Gastos de ventas -18,165 -5 -14,069 -4
Gastos de adminitración -34,078 -10 -29,501 -9
Otros ingresos 211 0 9,321 3
0
Otros gastos -4,751 -1 -7,917 -2

-56,783 -16 -42,166 -13

Utilidad de operación 131,502 37 121,592 37
0
Ingresos financieros 3,666 1 7,980 2
Gastos financieros -46,004 -13 -47,684 -15
Divendos recibidos de inversión financiera 50,134 14 125,734 39
Diferencia de cambio, neta -32,762 -9 13,261 4
-24,966 -7 99,291 31
106,536 30 220,883 68
Utilidad antes del impuesto a las ganancias
Gasto por impuesto a las ganancias -22,336 -6 -35,009 -11
Utilidad neta 84,200 24 185,874 57

Operación trasferida a subsidirarias por reorganización societaria

Pérdida neta 0 24 -8,400 -3
Utilidad del neta 84,200 24 177,474 55
 RATIOS FINANCIEROS

RATIOS DE LIQUIDEZ

Activo Corriente
RELACION CORRIENTE =
Pasivo Corriente

Activo Corriente - Inverntarios

PRUEBA ACIDA =
Pasivo Corriente

CAPITAL DE TRABAJO = Activo Corriente - Pasivo Corriente

RATIOS DE SOLVENCIA

Patrimonio Neto
GRADO DE PROPIEDAD = X 100
Total Activos

Total de Pasivos
RELACION DEUDA / PATRIMONIO =
Patrimonio Neto

RATIOS DE EFICIENCIA

Ventas Netas del Año

INCREMENTO EN VENTAS = - 1 X 100
Ventas Netas del Año Anterior
RATIOS DE RENTABILIDAD

Ventas - Costo de ventas

Ventas
MARGEN BRUTO =

Utilidad Neta
MARGEN NETO
Ventas

OTROS RATIOS

Utilidad Neta
ROE =
Patrimonio

Utilidad Neta
ROA =
Activos Totales
S

2020 2019
INTERPRETACION: El ratio corriente disminuyó de 1.81 obtenido a
diciembre de 2019 a 0.74 a diciembre de 2020, debido principalmente al
2.01 1.81 incremento de las cuentas por pagar comerciales; Tambien podemos ver con
respecto al año 2020 que la empresa tiene S/. 2.01 como recurso para pagar
cada S/. 3.00

2020 2019
INTERPRETACION: El ratio de la prueba acida disminuyo de 0.74 obtenido
a diciembre de 2020 a,280.4 1,28 a diciembre de 1,28 Tambien podemos ver
1.28 0.74 con respecto al año 2020 que la empresa tiene S/. 1,28 como recurso para
pagar cada S/. 300 del pasivo corriente.

2020 2019 INTERPRETACION: Capital de trabajo negativo el cual a incrementado con

respecto al año anterior. La empresa no esta en condiciones de hacer frente a
sus obligaciones de corto plazo bajo el supuesto de que sus existencias y
cuentas por cobrar, no son efectivamente realizables y cobrables,
S/.159,435.00 S/.164,587.00 respectivamente. El deficit del año 2020 S/. 159,435 soles ha sido financiado
con las deudas a largo plazo y con capitales propio de la empresa.

2020 2019 INTERPRETACION: El Grado de Propiedad a disminuido de 64,33%

obtenido a diciembre de 2019 a 69.10% a diciembre de 2020. Tambien
podemos ver que la empresa por cada S/. 100 soles de activo se financia via
69.10% 64.33% patrimonio (recurso propio) 69%.

2020 2019 INTERPRETACION: Por cada sol de deuda total la empresa esta
comprometiendo S/0.45 soles. Para la empresa la razon en el año anterior fue
0.45 0.55 de S/.0.55 soles.

2020 INTERPRETACION: Las ventas del año 2020 ascienden a S/355,088

millones, un incremento de 9.5% respecto al año 2019; esto debido a un sólido
resultado en ventas correspondiente a las ventas por lotes residenciales y por
9.5%
ventas de macrolotes.
 2020 2019 INTERPRETACION: La empresa a tenido una minima disminucion del
521,880 489,988 procnetaje de su rentabilidad, El Margen Bruto a disminuido de 1.51 obtenido
a diciembre de 2019 a 1.47 a diciembre de 2020. Con respecto al año 2020 La
355,088 324,268 empresa obtiene una ganancia bruta de S/. 1.50. Lo cual indica ue la empresa
no ha perdido significativamente beneficios por las ventas y/o ingresos.
1.51
1.47

INTERPRETACION: El Margen Neto a disminuido de 0.55 obtenido a

2020 2019 diciembre de 2019 a 0.24 a diciembre de 2020. Con respecto al año 2020 la
empresa a obtenido una utilidad que representa el 0.24% con relacion a la
0.24 0.55 venta de periodo.

2020 2019 INTERPRETACION: El ratio del ROE a disminuido de 0.10 obtenido a

diciembre de 2019 a 0.04 a diciembre de 2020. Con respecto al año 2020 la
empresa a obtenido una utilidad que representa el 0.04 con relacion al
0.04 0.10 patrimonio neto.

2020 2019 INTERPRETACION: El ratio del ROA a disminuido de 0.06 obtenido a

diciembre de 2019 a 0.03 a diciembre de 2020. Con respecto al año 2020 la
empresa a generado una utilidad que representa el 0.04 con relacion al activo
0.03 0.06
total de la empresa.
 1.81 obtenido a
principalmente al
bien podemos ver con
o recurso para pagar

minuyo de 0.74 obtenido

Tambien podemos ver
como recurso para

ual a incrementado con

ciones de hacer frente a
sus existencias y
cobrables,
es ha sido financiado
la empresa.

uido de 64,33%
e 2020. Tambien
activo se financia via

mpresa esta
n en el año anterior fue

den a S/355,088
esto debido a un sólido
tes residenciales y por
 nima disminucion del
minuido de 1.51 obtenido
respecto al año 2020 La
ual indica ue la empresa
ventas y/o ingresos.

do de 0.55 obtenido a
especto al año 2020 la
24% con relacion a la

do de 0.10 obtenido a
especto al año 2020 la
0.04 con relacion al

do de 0.06 obtenido a
especto al año 2020 la
4 con relacion al activo
 CONCLUSIONES
La situación de la empresa INVERSIONES CENTENERARIO S.A.A. se puede calificar moderada al mo
severa aceptable comparándolo con ambos periodos (2020 y 2019), donde hemos podido verificar s
trabajando con un capital de trabajo positivo, en ambos periodos, esto quiere decir que el negocio e
apalancamiento con terceros. La empresa si se encuentra en la capacidad de asumir deudas cuyos v
Respecto desde el punto de vista del inversionista, la empresa se encuentra con un límite competente
rentabilidad y los resultados que se pudo evaluar, la empresa en ambos periodos se encuentran en u
la situación económica de la empresa está marchando muy bien, pues se puede apreciar que no exist
considerables provechos en su actividad de ventas esto significara que podra pasar a los limites acep
NES
ficar moderada al mostrar los niveles de liquidez corriente y
mos podido verificar según los datos que la empresa viene
decir que el negocio está marchando bien y no se presenta
umir deudas cuyos vencimientos sean a corto o largo plazo.
un límite competente de giro de negocio, en lo cual el ratio de
os se encuentran en utilidades positivo, ello quiere decir que
apreciar que no existió perdidas, más a lo contrario tuvieron
asar a los limites aceptables para ser considerada rentable.
 CONCLUSI
https://www.smv.gob.pe/Bp_InformacionFinanciera?op=bq11
 
https://centenario.com.pe/?utm_source=google&utm_medium=cpc&utm_campaign=corporativo&utm_term
YWA-Hjq9egkaApdhEALw_wcB

Fundamentos de Finanzas. Stephen A. Ross (2014). Fundamentos de finanzas corporativas. McGraw-Hill Inter

https://www.esan.edu.pe/apuntes-empresariales/2019/02/la-importancia-del-wacc-en-las-finanzas-empres

https://fred.stlouisfed.org/series/DGS10

http://pages.stern.nyu.edu/~adamodar/

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/spearn.htm

https://www.bvl.com.pe/mercindiceshistorico.html

https://es.finance.yahoo.com/quote/%5EGSPC/history?ltr=1

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html

https://economipedia.com/definiciones/apalancamiento-financiero.html
CONCLUSIONES

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corporativas. McGraw-Hill Interamericana

el-wacc-en-las-finanzas-empresariales/

.html
uMVVBIcCrYbH-U-Lptr