Log-linearized return Return

Ln(1+0.1%) = 0.100% vs. 0.100%

12.000%
Ln(1+0.5%) = 0.499% vs. 0.500%
Ln(1+1%) = 0.995% vs. 1.000%
10.000%
Ln(1+5%) = 4.879% vs. 5.000%
Ln(1+10%) = 9.531% vs. 10.000%
8.000%

Log-
6.000% linearized
Original
4.000%

2.000%

0.000%
0.100% 0.500% 1.000% 5.000% 10.000%
 Log-
linearized
Original

10.000%
# Rand() NORMSINV RAND() NORMSINV
1 0.210064 -0.80620057 Bin Frequency Bin Frequency
2 0.534191 0.08580889 0.1 6 -2 1
3 0.851113 1.04121956 0.2 8 -1.5 5
4 0.558661 0.14757601 0.3 3 -1 2
5 0.807857 0.87002712 0.4 8 -0.5 10
6 0.363794 -0.34833599 0.5 1 0 8
7 0.79229 0.81439341 0.6 7 0.5 8
8 0.259688 -0.64430751 0.7 1 1 9
9 0.109815 -1.22751041 0.8 7 1.5 6
10 0.03574 -1.8024212 0.9 8 2 0
11 0.303455 -0.51449041 1 1 More 1
12 0.187631 -0.88665935
13 0.773629 0.75085206 FREQUENCY function
14 0.506367 0.01596066 (1) Specify Bins as in E3:E11
15 0.341501 -0.40836941 (2) Select output cells, (2) key in FREQUENCY(data_array,bins_array) function
16 0.385118 -0.29206687 (3) Press CONTROL+SHIFT+ENTER (in Microsoft Excel) to enter this formula a
17 0.182868 -0.90449061 FREQUENCY table can also generate using Data Analysis ToolPak
18 0.662391 0.41899636
19 0.495453 -0.01139695
20 0.8017 0.84770989
21 0.321929 -0.46231247
22 0.173946 -0.93868741
23 0.70793 0.54734769
24 0.843936 1.01076496
25 0.516969 0.04254819
26 0.866867 1.11170176
27 0.847632 1.02632946
28 0.796388 0.82879033
29 0.256269 -0.65489042
30 0.559943 0.15082572
31 0.889099 1.22175039
32 0.780049 0.77235926
33 0.347083 -0.39320868
34 0.994748 2.55876071
35 0.526689 0.06694867
36 0.7759 0.75841817
37 0.055896 -1.59019214
38 0.858564 1.07388805
39 0.767035 0.72911611
40 0.185975 -0.89282762
41 0.323418 -0.45816108
42 0.507612 0.0190805
43 0.055473 -1.59395619
44 0.164106 -0.97772088
45 0.059414 -1.55970987
46 0.046967 -1.67500174
47 0.115826 -1.19611207
48 0.009606 -2.34138173
49 0.314727 -0.48249441
50 0.163522 -0.98008459
 RAND()
9
8
7
6
5
4
3
2
1
0
0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1

rray,bins_array) function;
el) to enter this formula as an array formula.

NORMSINV
12

10

0
-2 -1.5 -1 -0.5 0 0.5 1 1.5 2 More
Initial stock price 100
Time (T) (Annual) 1
Time increment (Dt) (Annual) 0.004
Drift term (rr) (Annual) 20.00%
Volatility (Vol) (Annual) 40.00%

Day number Epsilon (ε) Daily return ≈ ln(S(t+δt)/St) Stock price = S(t+δt) = St exp[ dail
0 ln(S(t+δt)/St) ~ N((r - σ2/2)δt, σ √δt) 100
1 0.159419354 0.0045130261 100.4523225133
2 2.5984369398 0.0662158327 107.3290173208
3 -1.4671179477 -0.0366354745 103.4681225193
4 0.8926774915 0.0230631527 105.8821542179
5 -4.0389429056 -0.1016980714 95.6435874316
6 1.3976880858 0.0358390225 99.1335245366
7 0.2489141408 0.006777085 99.8076425576
8 -0.146537616 -0.003227141 99.4860683805
9 -0.3942809376 -0.0094946064 98.5459573727
10 0.4917826101 0.0129212253 99.8275539577
11 1.0157679345 0.026177122 102.4752554253
12 1.6117249361 0.0412537741 106.7911580203
13 -2.4538842126 -0.0615989058 100.4114482568
14 -0.9495738255 -0.0235425288 98.075118314
15 -1.9272333257 -0.0482755751 93.4529520779
16 -0.9096871289 -0.0225334663 91.3706816253
17 0.7600641739 0.0197082717 93.1893019072
18 0.2375147219 0.0064887 93.7959453649
19 -0.5402216783 -0.0131866476 92.5672105425
20 -2.3507045965 -0.058988645 87.2647268615
21 -0.8200374622 -0.0202654892 85.5140634238
22 0.8653782679 0.0223725309 87.4487911305
23 0.0943375586 0.0028665724 87.6998290616
24 -2.1711869096 -0.0544471669 83.0524871613
25 0.1608531987 0.0045492998 83.4311785629
26 -0.2829499255 -0.0066781298 82.8758705939
27 2.0725693849 0.0529123189 87.3791129884
28 -0.5143693753 -0.0125326303 86.2908564737
29 -1.0073425007 -0.0250039735 84.1599932267
30 -0.6680640673 -0.0164208326 82.789300821
31 -0.7762420211 -0.0191575424 81.2183570358
32 -0.9391135006 -0.0232779011 79.349598916
33 -0.1213317486 -0.0025894774 79.1443907266
34 1.9023408642 0.0486058401 83.0862940505
35 0.474826993 0.0124922783 84.1307413424
36 -0.3375705576 -0.0080599347 83.4553784106
37 0.3652667575 0.0097205993 84.2705703582
38 -0.4953247128 -0.0120508342 83.2611341779
39 -1.0955921337 -0.0272365322 81.0239938813
40 0.7728576025 0.0200319226 82.6634259253
41 -1.292858576 -0.0322270223 80.0418987439
42 1.3972628802 0.0358282655 82.9616536982
43 -0.8156031697 -0.0201533095 81.3064368884
44 -1.2461751572 -0.0310460149 78.8209774757
45 -1.1074983264 -0.0275377377 76.680039655
46 0.4132358381 0.0109341317 77.5230698077
47 -0.6208253 -0.0152257758 76.3516613575
48 2.1170704405 0.0540381165 80.5910747007
49 -0.3953757656 -0.0095223036 79.8273042178
50 -0.6606126037 -0.0162323238 78.5419816734
51 -0.6833749492 -0.0168081707 77.2328673681
52 -1.1365493664 -0.0282726774 75.0798663915
53 0.9384445829 0.0242209787 76.9205761458
54 1.6897948039 0.0432288029 80.3186793744
55 -0.9280226722 -0.0229973229 78.4926422299
56 0.3862495312 0.0102514261 79.3014423462
57 0.4645909711 0.0122333252 80.2775208485
58 -1.3639540018 -0.0340256102 77.5919769472
59 -1.8177908309 -0.0455068747 74.1401452836
60 -0.2134002753 -0.0049186474 73.7763714229
61 3.3758106432 0.0858820047 80.3924699591
62 -0.084109179 -0.0016478126 80.2601073168
63 1.6268629245 0.0416367383 83.6724222734
64 -1.3321083484 -0.0332199718 80.9384887829
65 -0.254943795 -0.0059696245 80.4567557073
66 -0.8027080796 -0.0198270866 78.8772429543
67 0.9782518705 0.0252280323 80.8924738593
68 -0.8458000509 -0.0209172368 79.2180005541
69 1.4010843803 0.0359249427 82.1156398111
70 -1.1738748325 -0.0292169453 79.7511809844
71 1.2557905791 0.032249268 82.3650188361
72 -0.0510838261 -0.0008123299 82.2981384337
73 -1.8354929814 -0.0459547076 78.6017355947
74 0.7065732169 0.0183550456 80.0577961849
75 1.6195490274 0.0414517097 83.4460684047
76 0.8153390807 0.0211066285 85.2260522174
77 -0.155766772 -0.0034606223 84.9316267848
78 0.8345359362 0.0215922748 86.7854357603
79 -0.6795679638 -0.0167118607 85.3471414069
80 -0.268116391 -0.0063028678 84.8109013587
81 -0.5930509658 -0.0145231346 83.5880823017
82 0.1582833418 0.004484287 83.96375694
83 -0.0806038635 -0.0015591344 83.832948161
84 1.1594055768 0.0298108988 86.3697073707
85 0.8952725828 0.0231288039 88.3906159064
86 0.1186522093 0.0034816898 88.6989009813
 87 0.1498687292 0.0042714123 89.0785808631
88 -1.5467338696 -0.0386496157 85.701411484
89 -0.239584624 -0.0055810648 85.2244385965
90 -0.0467060663 -0.0007015804 85.1646677703
91 0.25116654 0.0068340667 85.7486821145
92 1.388117597 0.0355969061 88.8560480952
93 0.2314023083 0.0063340668 89.4206544791
94 3.2219514895 0.0819896417 97.0611635331
95 0.9888453036 0.0254960273 99.5676546145
96 -0.5231267563 -0.0127541764 98.3058151467
97 -1.2611059889 -0.0314237384 95.2647106095
98 -0.2590747978 -0.0060741316 94.6878140705
99 -0.0001170401 0.0004770391 94.7329946352
100 2.0592790443 0.0525760969 99.8469435175
101 1.6014609508 0.0409941135 104.0251359908
102 1.6493493289 0.0422056043 108.5095477114
103 -1.474557915 -0.0368236924 104.5864993537
104 0.7266628206 0.0188632768 106.5780681472
105 -1.0785664402 -0.0268058125 103.7591074995
106 1.2651914488 0.0324870932 107.1852913449
107 0.1543002489 0.0043835218 107.6561717137
108 1.5156422457 0.0388230529 111.9179044315
109 0.2345215875 0.006412979 112.6379379162
110 0.093580566 0.0028474219 112.959122701
111 -1.3438312876 -0.0335165413 109.2358674604
112 1.5123901567 0.0387407808 113.5507923859
113 -0.1204790426 -0.0025679055 113.2595787486
114 -0.5069053635 -0.0123438041 111.8701179597
115 -1.544589724 -0.0385953726 107.6347084195
116 0.0319782331 0.0012889924 107.7735381983
117 -0.9213150744 -0.0228276326 105.3411914448
118 -0.4171918675 -0.0100742122 104.2852895509
119 1.276741587 0.0327792912 107.7603309706
120 1.4075483673 0.0360884701 111.7202605815
121 -1.6098877194 -0.0402472958 107.3131051482
122 -0.3056529834 -0.0072524768 106.5376347813
123 -0.740305954 -0.0182484238 104.6111222368
124 0.1148808899 0.0033862822 104.9659654757
125 0.9156663092 0.0236447289 107.477431737
126 -0.557784317 -0.0136309511 106.0223517149
127 -2.1833379174 -0.0547545658 100.373213249
128 -1.7554055466 -0.043928638 96.0593983934
129 -0.5048327312 -0.0122913701 94.8859233538
130 1.1743562124 0.0301891233 97.7941233293
131 1.6971883608 0.0434158467 102.133454268
132 -0.6963923755 -0.0171374884 100.3980560351
133 0.3909124262 0.0103693891 101.4445388559
134 0.1930659092 0.0053642241 101.9901722368
135 -1.3036449586 -0.0324998986 98.728786395
136 -0.1724964226 -0.0038838527 98.3460819991
137 0.3326875614 0.0088964035 99.224911848
138 -1.072496277 -0.0266522481 96.6152756872
139 -0.1224518176 -0.0026178132 96.3626857063
140 1.4480506808 0.0371131065 100.0061971428
141 -0.9006226201 -0.0223041503 97.8003352707
142 2.08559794 0.0532419182 103.1485232979
143 -0.8936088526 -0.0221267145 100.8912504826
144 0.7308417812 0.0189689971 102.8233231275
145 -0.0325773357 -0.0003441486 102.7879427084
146 0.6079859125 0.0158609622 104.4312561933
147 0.7902675831 0.0204723642 106.5912455063
148 -0.7137337497 -0.0175761943 104.7341452465
149 -1.6215880999 -0.0405432946 100.5728051661
150 -0.7830518503 -0.019329819 98.6474196742
151 -0.5600105451 -0.0136872707 97.3064040953
152 0.8945509904 0.0231105489 99.5813953999
153 -0.4379750418 -0.0105999895 98.5314084089
154 0.9695989789 0.0250091295 101.0266652091
155 1.3303646294 0.0341358588 104.5348337046
156 0.3869485523 0.0102691101 105.6138441777
157 -0.7780378036 -0.0192029725 103.6050931532
158 -0.3645503002 -0.0087424742 102.7032761032
159 0.7662124748 0.0198638127 104.7637514453
160 1.2669154005 0.0325307061 108.2278292245
161 1.1949887067 0.0307110887 111.603188885
162 0.0949427461 0.0028818826 111.9252800648
163 -0.639373947 -0.0156950236 110.1823238023
164 1.2216786426 0.0313862966 113.695381448
165 -1.256659716 -0.0313112556 110.1905923114
166 0.7490854794 0.0194305302 112.352590308
167 1.314036421 0.0337227842 116.2060418365
168 -1.188741934 -0.0295930565 112.817535295
169 0.3665743369 0.0097536787 113.9233051806
170 1.009992669 0.026031018 116.9277799057
171 -0.2256193248 -0.0052277676 116.3181036572
172 -0.4343834765 -0.0105091293 115.1021024133
173 -0.9292989796 -0.0230296112 112.4816357239
174 -1.7828769402 -0.0446236154 107.5726415768
175 -1.8524662483 -0.0463841011 102.6969331115
176 -1.4257709932 -0.0355894701 99.1062774381
177 0.3350764647 0.0089568386 99.9979436585
178 -0.5735656114 -0.0140301898 98.6047497747
179 -0.6473332025 -0.0158963786 97.0496840436
180 -2.4075330017 -0.0604263026 91.3589955459
181 1.5615751076 0.0399850726 95.0860074881
182 0.6230716934 0.0162426056 96.6430630913
183 -0.4842406865 -0.011770428 95.5122012914
184 -1.0769999944 -0.0267661842 92.9896147313
185 1.2633887143 0.0324414873 96.055803075
186 0.938983985 0.0242346246 98.412116265
187 -0.4588193749 -0.0111273141 97.3231237558
188 -1.7012482497 -0.0425585547 93.2680924395
189 -0.6235125398 -0.0152937582 91.8525250498
190 -0.2801115653 -0.0066063244 91.247717453
191 -1.4340777289 -0.0357996157 88.0388647805
192 0.5412051124 0.0141715267 89.2953923303
193 -0.5694535572 -0.0139261621 88.060469051
194 0.7555238351 0.0195934092 89.8028880739
195 0.9604427934 0.0247774943 92.055773797
196 1.4572889484 0.0373468183 95.5587697796
197 -1.2301996731 -0.0306418635 92.6750774752
198 -0.9670281391 -0.0239840918 90.4787931286
199 0.4561697554 0.0120202834 91.5729366486
200 0.6158291406 0.0160593819 93.055413376
201 -0.1019881598 -0.002100119 92.8601909981
202 1.8973156183 0.0484787104 97.4728375325
203 1.1256317191 0.0289564803 100.336569538
204 -1.030117897 -0.0255801505 97.8024941809
205 1.3881255075 0.0355971063 101.3466872212
206 0.5412327873 0.0141722268 102.7932215545
207 0.7878767291 0.0204118798 104.9129850209
208 0.4504513858 0.0118756188 106.1663189702
209 -1.2508847802 -0.03116516 102.9086551312
210 1.2424390275 0.0319114974 106.2455844486
211 -0.657607789 -0.0161563074 104.5428401983
212 0.2237866972 0.0061414054 105.1868557161
213 -1.7588508822 -0.0440157988 100.6573875713
214 -0.337042893 -0.0080465857 99.8506892133
215 -0.6584081909 -0.0161765561 98.2484432872
216 0.1555471448 0.0044150661 98.6831756372
217 1.072533083 0.0276131793 101.4461029034
218 1.3490187804 0.0346077756 105.0183846979
219 -1.2004987656 -0.0298904834 101.9257843226
220 -1.3239373792 -0.0330132608 98.6158188169
221 -0.6960573935 -0.017129014 96.9410119238
222 -1.3625012945 -0.0339888592 93.7014636556
223 0.3381367731 0.0090342589 94.551822335
224 -0.8549486204 -0.0211486794 92.5731728196
225 -0.562073128 -0.0137394504 91.309966061
226 -0.6067510932 -0.0148697234 89.9622569835
227 1.4907242736 0.0381926725 93.4646124388
228 -2.0554400419 -0.051518977 88.771345406
229 0.9997490807 0.0257718735 91.0888846796
230 0.780577948 0.0202272337 92.950121208
231 0.5640250293 0.01474883 94.3311862559
232 -1.7515745962 -0.0438317217 90.2857938601
233 0.7392379141 0.0191814043 92.0343181426
234 -0.24535135 -0.0057269527 91.508748345
235 0.3696642576 0.0098318482 92.4128858548
236 -0.8758860338 -0.0216783587 90.4310848749
237 1.1388259502 0.0292902709 93.1190086902
238 0.6118959766 0.0159598798 94.6170997552
239 1.1707299925 0.0300973864 97.5081149353
240 -1.4241471033 -0.0355483886 94.1027448899
241 0.9438062318 0.0243566189 96.4229105791
242 0.3226908636 0.0086435049 97.2599547629
243 -0.0653691336 -0.0011737228 97.1458655036
244 1.4753592622 0.0378039651 100.888665004
245 -0.0912284679 -0.001827918 100.7044172467
246 -0.3788671772 -0.0091046657 99.7916984991
247 -0.2178391161 -0.0050309422 99.2909130033
248 0.8243870181 0.0213355252 101.4320972026
249 -1.1502798496 -0.0286200342 98.5702554622
250 0.6485815013 0.0168879583 100.2490415653
 Daily return ≈ ln(S(t+δt)/St)
0.1

0.05
ce = S(t+δt) = St exp[ daily return ]
0
1 1 3 2 5 37 4 9 61 7 3 8 5 97 0 9 2 1 3 3 4 5 5 7 6 9 8 1 9 3 0 5 1 7 2 9 4 1
1 1 1 1 1 1 1 1 2 2 2 2
-0.05

-0.1

-0.15

Stock price = S(t+δt) = St exp[ daily return ]

140

120

100

80

60

40

20

0
1 13 25 37 49 61 7 3 8 5 97 0 9 2 1 3 3 4 5 5 7 6 9 8 1 9 3 0 5 1 7 2 9 4 1
1 1 1 1 1 1 1 1 2 2 2 2
1 7 22 9 2 4 1

urn ]

1 7 22 9 2 4 1
Initial stock price 100
Time (T) (Annual) 1 <= T is delta t in this case because time increment = 1yr
Drift term (rr) (Annual) 20%
Volatility (Vol) (Annual) 40.00%
ln(ST/S0) ~ N((r - σ2/2)T, σ √T)
Simulated number Epsilon (ε) Stock price Ln (Stock price)
1 1.888033417 239.938718891 5.4803835528
2 -0.0312163206 111.350586153 4.7126836577
3 0.6977061432 149.045651254 5.0042526433
4 -0.1571997946 105.87829437 4.6622902681
5 -0.5794725695 89.4232895884 4.4933811582
6 -0.3642623204 97.4622630876 4.5794652578
7 -0.2951717 100.193318622 4.607101506
8 -1.1795825333 70.339757019 4.2533371727
9 -2.6362552523 39.2781382346 3.6706680851
10 -0.8919153407 78.9175826029 4.3684040497
11 0.8266536036 156.934987531 5.0558316274
12 -1.8997422273 52.7346795489 3.9652732951
13 -0.2055270674 103.851226341 4.642959359
14 -1.0916042648 72.8591758478 4.2885284801
15 1.4040411992 197.707104578 5.2867866657
16 -0.0363493642 111.122193737 4.7106304403
17 1.0729975288 173.186525804 5.1543691975
18 -0.0592841348 110.107430715 4.7014565321
19 0.5767368854 142.005379426 4.9558649402
20 -0.1292500998 107.068642348 4.673470146
21 -0.6393211058 87.3079691811 4.4694417437
22 -0.3255593907 98.9828328648 4.5949464297
23 -0.9277098354 77.7957071658 4.3540862518
24 0.3372777932 129.034692625 4.8600813033
25 0.4016222477 132.398866871 4.8858190851
26 0.2453140409 124.37432923 4.8232958023
27 0.469889544 136.064087122 4.9131260036
28 0.7587451702 152.729480336 5.0286682541
29 -0.2597904845 101.621384685 4.6212539922
30 0.4810046391 136.670380035 4.9175720416
31 0.4244096121 133.611192103 4.8949340308
32 -0.6834603475 85.7800144008 4.451786047
33 -1.1642354815 70.7728882756 4.2594759934
34 -0.0196779605 111.865695207 4.7172990018
35 1.5874831299 212.759716616 5.3601634379
36 -0.1585133957 105.822676246 4.6617648277
37 0.2522671741 124.720727227 4.8260770556
38 -0.5221944111 91.4957407071 4.5162924215
39 -0.6708618752 86.2133842998 4.4568254359
40 -0.7579643821 83.2613481059 4.4219844332
41 0.8992836131 161.561137471 5.0848836312
42 -1.1635450549 70.7924363682 4.259752164
43 0.0877550829 116.7777107 4.7602722191
44 0.2682856311 125.522426328 4.8324844384
45 -1.5363734484 60.9845654421 4.1106208066
46 1.6066008109 214.392942313 5.3678105103
47 -0.4128896958 95.5848474174 4.5600143077
48 0.7492966624 152.153343472 5.0248888509
49 0.4925187082 137.301284653 4.9221776693
50 -2.0656986939 49.3476777688 3.8988907084
51 -1.6327827535 58.677543197 4.0720570846
52 -0.7214683701 84.4857463564 4.436582838
53 0.6018815817 143.440859117 4.9659228187
54 -0.8167509605 81.3263280032 4.3984698018
55 0.8842828585 160.594624469 5.0788833294
56 0.3443747793 129.401516012 4.8629200977
57 -0.6153227724 88.1501029756 4.479041077
58 1.0761630824 173.405957191 5.155635419
59 -0.3627339435 97.5218649323 4.5800766086
60 -0.2557721708 101.784854667 4.6228613177
61 -1.0953102832 72.7512488853 4.2870460727
62 1.4177143431 198.791378033 5.2922559232
63 -0.1703913742 105.321084977 4.6570136363
64 0.2026733473 122.270955026 4.8062395249
65 -0.0342154772 111.217083109 4.7114839951
66 1.1371575044 177.688707985 5.1800331878
67 0.1321788192 118.871337851 4.7780417137
68 -0.5623288164 90.0386173018 4.5002386594
69 0.1633305386 120.361823429 4.7905024014
70 0.1615438915 120.275836515 4.7897877426
71 -2.1748737855 47.239040114 3.8552206718
72 -2.1534635379 47.6453372343 3.8637847708
73 0.9253684274 163.255679372 5.095317557
74 -1.2979126214 67.0879964441 4.2060051374
75 -0.1376814018 106.708159335 4.6700976253
76 1.2752331767 187.778571345 5.2352634567
77 -0.3064931339 99.7406116374 4.6025729324
78 0.0291671938 114.072825374 4.7368370635
79 -0.5720443976 89.6893853414 4.496352427
80 0.3709738079 130.785648119 4.8735597091
81 0.2776069993 125.991316224 4.8362129857
82 0.2952548085 126.883851058 4.8432721094
83 -0.3809895824 96.8123291105 4.572774353
84 -0.0511769949 110.465072832 4.704699388
85 1.1747643569 180.381838446 5.1950759288
86 -0.6183544715 88.0432699308 4.4778283974
87 1.1706178066 180.082901479 5.1934173086
88 -2.2221914654 46.3533515886 3.8362935998
 89 -1.3436880888 65.8707804211 4.1876949505
90 1.1264222937 176.927333566 5.1757391035
91 0.0821763453 116.517412353 4.7580407241
92 -0.554041002 90.3376019537 4.5035537852
93 -0.2037662352 103.924397939 4.6436636919
94 -1.3821869721 64.8641703895 4.1722953971
95 -0.390501264 96.4446897105 4.5689696804
96 0.4267448933 133.736058298 4.8958681433
97 0.9808314671 166.91801652 5.1175027728
98 -0.6453393879 87.0980443623 4.4670344308
99 0.8664612852 159.453875735 5.0717547001
100 -1.4940992618 62.0245628292 4.1275304813
101 -0.3900350779 96.4626758552 4.5691561548
102 0.2528692381 124.75076679 4.8263178812
103 1.7212122715 224.450477935 5.4136550946
104 1.2973451674 189.446801259 5.244108253
105 -0.8311442772 80.8594510353 4.3927124751
106 -0.0127695661 112.175247648 4.7200623596
107 -0.1647088518 105.560753028 4.6592866453
108 -1.1526232554 71.102385232 4.2641208838
109 -0.3737299038 97.0938682485 4.5756782245
110 0.6242909874 144.732408806 4.974886581
111 -0.4554424401 93.9716564756 4.5429932099
112 -0.936768366 77.5143313255 4.3504628396
113 0.4013767496 132.385866039 4.8857208858
114 -0.9249539576 77.8815126331 4.3551886029
115 -0.7258046544 84.3393316844 4.4348483242
116 -1.1104089927 72.3131930416 4.2810065889
117 -0.2612780449 101.560935493 4.620658968
118 -0.9444665054 77.2760119866 4.3473835838
119 -0.8327035563 80.8090337794 4.3920887635
120 1.974279147 248.360630408 5.5148818448
121 -1.1519139659 71.1225609647 4.2644045996
122 -0.575827607 89.5537624937 4.4948391432
123 -0.7718701565 82.7995083353 4.4164221234
124 0.8695778631 159.652779859 5.0730013312
125 1.0112808127 168.963465497 5.1296825111
126 -2.1564004664 47.5893977196 3.8626099994
127 -0.32892835 98.8495350465 4.593598846
128 -0.5537221341 90.3491249942 4.5036813324
129 1.0626709441 172.472631106 5.1502385636
130 0.6651913664 147.11972816 4.9912467326
131 -0.8115232269 81.4965668822 4.4005608952
132 -0.0157181296 112.0430233 4.7188829341
133 -0.787360048 82.2880722297 4.4102261668
134 1.0385411592 170.815948051 5.1405866497
135 2.3688462975 290.821217352 5.672708705
136 -0.6011111025 88.6526340503 4.484725745
137 0.8687772948 159.601662867 5.0726811039
138 -0.8038386154 81.7474600722 4.4036347398
139 -0.6105519786 88.3184819717 4.4809493946
140 -0.5303999794 91.1959231903 4.5130101942
141 -0.9222061172 77.9671620826 4.3562877391
142 -0.9672014042 76.5764527634 4.3382896243
143 -0.6863660912 85.6803704285 4.4506237495
144 0.2558229757 124.898246308 4.8274993763
145 -0.475772959 93.2105583606 4.5348610024
146 -0.844051627 80.4430543879 4.3875495352
147 -0.8678549915 79.6807630297 4.3780281894
148 -1.825783557 54.3180597207 3.9948567632
149 0.6889866667 148.526716724 5.0007648527
150 1.2078104542 182.782033224 5.2082943677
151 0.6094998249 143.878632732 4.9689701159
152 -1.8383603438 54.0454872502 3.9898260485
153 1.8359196136 234.988841826 5.4595380314
154 0.0962916486 117.177144513 4.7636868454
155 2.690727215 330.782504061 5.801461072
156 0.4367236644 134.270933669 4.8998596517
157 1.1634010407 179.563804624 5.1905306023
158 -0.5519202039 90.4142695952 4.5044021044
159 -0.3234574147 99.066091678 4.5957872201
160 0.3019403874 127.223621965 4.8459463409
161 -1.8314490305 54.1951040834 3.9925905738
162 -1.052235461 74.0156088664 4.3042760016
163 0.4824565651 136.749777196 4.918152812
164 0.4450022939 134.7163024 4.9031711036
165 0.5319253373 139.482663965 4.9379403209
166 -0.5518408538 90.4171393913 4.5044338445
167 0.8359347075 157.518682296 5.059544069
168 -0.4128241425 95.587353811 4.560040529
169 -1.3808416077 64.8990861622 4.1728335429
170 1.6329995284 216.66881669 5.3783699974
171 0.0525583225 115.145150987 4.746193515
172 -0.4997357438 92.3213927238 4.5252758885
173 -0.481589962 92.993928045 4.5325342012
174 -0.2066901561 103.802922305 4.6424941236
175 -0.4409432906 94.5182435904 4.5487928697
176 0.9966878863 167.980069845 5.1238453405
177 0.7248280264 150.671413552 5.0151013965
178 0.6131426717 144.088436679 4.9704272547
179 -0.9185099404 78.082519503 4.3577662098
180 0.5784943679 142.105243308 4.9565679331
181 0.9587520617 165.450326981 5.1086710107
182 -0.3574734063 97.7272879453 4.5821808235
183 -0.6398189009 87.2905863197 4.4692426256
184 -0.5954401305 88.8539609507 4.4869941338
185 1.2322150722 184.575060898 5.2180562149
186 0.9007722599 161.657369109 5.0854790899
187 -0.2246285342 103.060765677 4.6353187723
188 0.2743673101 125.828152884 4.83491711
189 -1.1101205523 72.3215367418 4.2811219651
190 1.126777897 176.95250174 5.1758813448
191 -1.4034278018 64.3153974503 4.1637990653
192 0.1966647191 121.977435614 4.8038360736
193 1.6141152101 215.038325423 5.37081627
194 0.389486925 131.757742989 4.880964956
195 1.3693798542 194.984901557 5.2729221277
196 -1.7686789261 55.5730635624 4.0176986156
197 0.218232668 123.034309215 4.8124632532
198 0.053516157 115.189275439 4.7465766488
199 0.0325159568 114.225728901 4.7381765687
200 -1.4176137663 63.9514805514 4.1581246795
Stock price
Bin Frequency Frequency of stock prices
50 6
30
60 6
70 8 25
80 19
20
90 25
100 25 15
110 14
10
120 16
130 16 5
140 13
0
150 9
50 60 70 80 90 100110120130140150160170180190200210220230240
160 8
170 8
180 8 Frequency of Ln stock prices
190 6 30
200 3
210 0 25
220 4
20
230 1
240 2 15
More 3
Ln (stock price) Frequency 10
4 10 5
4.1 2
4.2 7 0
4.3 10 4 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9
4.4 14
4.5 21
4.6 24
4.7 15
4.8 18
4.9 21
5 13
5.1 14
5.2 14
5.3 7
5.4 4
5.5 3
5.6 1
5.7 1
5.8 0
5.9 1
More 0
ces

190200210220230240

ices

4 5.5 5.6 5.7 5.8 5.9

 Date Open High Low Close Volume Adj Close* Coke Ret Ave
4-Jan-10 14.5 14.7 14.36 14.54 14,485,800 14.54 -0.00642
5-Jan-10 14.76 14.94 14.59 14.87 20,109,900 14.87 0.022696
6-Jan-10 14.87 14.88 14.5 14.58 25,113,500 14.58 -0.0195
7-Jan-10 14.6 14.8 14.53 14.72 19,703,600 14.72 0.009602
8-Jan-10 14.84 14.92 14.71 14.85 17,640,100 14.85 0.008832
11-Jan-10 14.87 15 14.7 14.86 18,755,800 14.86 0.000673
12-Jan-10 14.82 15.2 14.8 15.06 28,240,100 15.06 0.013459
13-Jan-10 15.11 15.15 14.81 15.07 19,681,800 15.07 0.000664
14-Jan-10 14.94 15.16 14.63 14.7 37,809,100 14.7 -0.02455
15-Jan-10 14.89 14.9 14.31 14.4 30,084,400 14.4 -0.02041
19-Jan-10 14.3 14.85 14.3 14.81 17,901,600 14.81 0.028472
20-Jan-10 14.74 14.74 14.38 14.51 23,360,200 14.51 -0.02026
21-Jan-10 14.51 14.76 14.35 14.39 22,038,700 14.39 -0.00827
22-Jan-10 14.3 14.41 13.58 13.64 28,511,700 13.64 -0.05212
25-Jan-10 13.75 14.11 13.74 13.89 26,820,100 13.89 0.018328
26-Jan-10 13.8 13.94 13.54 13.58 26,282,500 13.58 -0.02232
27-Jan-10 13.52 13.7 13.29 13.53 28,519,900 13.53 -0.00368
28-Jan-10 13.6 13.64 13.03 13.28 33,802,500 13.28 -0.01848
29-Jan-10 13.37 13.47 12.75 12.9 35,710,700 12.9 -0.02861
Stdev Days Simulated number Epsilon (ε) Stock price Class Freq
0.02106 18 1 0.21995904 13.158802264 10.25 1
T = 18!! 2 0.64434605 13.667348911 10.5 0
3 0.5196732 13.515946816 10.75 2
4 0.08636174 13.002661267 11 1
5 -0.32938061 12.528520143 11.25 2
6 -1.31512909 11.47225455 11.5 7
7 1.06043236 14.185024874 11.75 11
8 -0.07807905 12.813013552 12 10
9 0.05132342 12.96201803 12.25 19
10 1.91126924 15.305446042 12.5 16
11 -0.66873679 12.154340327 12.75 16
12 2.19942014 15.70461894 13 15
13 1.80785203 15.164670819 13.25 18
14 -0.89932079 11.906491514 13.5 14
15 -0.30966511 12.550609469 13.75 19
16 -0.56749991 12.26478078 14 10
17 0.2523473 13.196937354 14.25 5
18 -1.51839473 11.265779619 14.5 13
19 0.46013773 13.444240065 14.75 4
20 1.15281996 14.302603912 15 5
21 -0.99055434 11.80982817 15.25 5
22 1.21640853 14.384097018 15.5 2
23 -0.58029653 12.250765581 15.75 3
24 -0.01098589 12.890054972 16 0
25 -1.33339448 11.453547048 16.25 0
26 -0.45181018 12.392217188 16.5 2
27 0.12484812 13.047451007 16.75 0
28 0.29945178 13.2525972 17 0
29 0.08762086 13.004124174 17.25 0
30 -0.14863768 12.732489511 17.5 0
31 1.22451318 14.394516995 17.75 0
32 -0.64880792 12.176002048 18 0
33 1.05666946 14.180256481 18.25 0
34 0.85610618 13.92840625 18.5 0
35 -2.13607105 10.660876901 18.75 0
36 -1.1005857 11.694291627 19 0
37 0.05256573 12.963456887 19.25 0
38 2.14114812 15.623064105 19.5 0
39 -0.3221865 12.536575945 19.75 0
40 -1.48823887 11.2961752 20 0
41 0.49666943 13.488194977 0
42 -0.16617557 12.712553293
43 -0.12945897 12.754326734
44 0.17461884 13.105602124
45 -1.13695692 11.656349764
46 -1.41137902 11.374017457
47 -0.40064142 12.449002949
48 1.73648681 15.068281686
49 -0.73295753 12.084797285
50 -1.95675319 10.833060837
51 -0.62873006 12.197864767
52 -0.12038429 12.764672374
53 0.56699925 13.57322083
54 0.64459132 13.667648426
55 0.6743178 13.7039986
56 0.62007422 13.637740961
57 1.10662286 14.243688873
58 -0.2728503 12.591961252
59 1.26208553 14.442921634
60 0.52741596 13.525300541
61 -0.79294747 12.02019516
62 0.90361726 13.987659314
63 1.48522285 14.733762982
64 0.78735478 13.843107602
65 0.1081176 13.027961408
66 0.57308568 13.580604221
67 -0.36473184 12.489009782
68 -0.83313907 11.977106842
69 -0.84228568 11.967322603
70 -1.05202648 11.7451404
71 1.60268887 14.889216087
72 0.1280363 13.051168266
73 1.2391732 14.413384238
74 0.28016997 13.229785007
75 0.89727989 13.979741161
76 0.20376752 13.139779119
77 1.69276056 15.009525954
78 1.6805402 14.993146248
79 -1.21428343 11.576092573
80 -0.16160967 12.717740583
81 0.06149582 12.973804556
82 -1.69848799 11.085949836
83 -1.17697789 11.614742767
84 1.42309533 14.652201485
85 -0.93098728 11.872851068
86 0.36788869 13.333882552
87 -0.84494191 11.964482699
88 1.87984169 15.262528071
89 1.28221061 14.468915778
90 1.0961316 14.230343249
91 -0.67015398 12.152801369
92 -1.02552075 11.77298909
93 0.8589163 13.931903865
 94 0.08697891 13.003378301
95 -0.74011434 12.077072033
96 -0.33593332 12.521187065
97 -0.50693219 12.331333997
98 1.28847209 14.477012833
99 0.64009817 13.662162505
100 -1.14187561 11.651228121
101 -1.08243172 11.713275745
102 0.58581867 13.596063491
103 -1.04240031 11.75524667
104 0.48517156 13.474345272
105 -0.55648238 12.276860312
106 -1.0280279 11.770352081
107 0.09092819 13.007967564
108 -3.25976822 9.6424848346
109 -0.51301519 12.324633578
110 0.36843196 13.3345298
111 0.32641915 13.28456814
112 0.33708693 13.297236503
113 1.02543926 14.140742993
114 -0.66826504 12.154852649
115 0.62618426 13.645188228
116 -0.34248572 12.513858639
117 -0.4517588 12.392274076
118 0.57272728 13.580169337
119 -0.42522568 12.421687569
120 0.44345223 13.424211757
121 1.22420607 14.394122012
122 1.22161533 14.390790419
123 -0.00473287 12.89725872
124 0.18506377 13.117838626
125 1.70051109 15.019923749
126 -0.80756759 12.004503422
127 -0.58782259 12.242530324
128 -0.73915986 12.078102046
129 -0.20816601 12.664947356
130 0.80490547 13.864832647
131 0.38290088 13.351779716
132 -0.44376364 12.40112983
133 0.24554422 13.18891801
134 -0.71057611 12.108988276
135 -0.40707638 12.441847312
136 1.57045807 14.846399691
137 0.25309738 13.19782184
138 0.29643605 13.249026717
139 -1.72628548 11.058449905
140 0.67793624 13.708429909
141 -0.66441126 12.159038694
142 1.21309403 14.37983781
143 -0.66873778 12.154339247
144 0.05891301 12.970810893
145 1.44848496 14.685478492
146 1.57031734 14.846213001
147 -0.40028151 12.449403291
148 0.65830864 13.684410266
149 -0.83588481 11.97416885
150 0.82870579 13.894348249
151 0.43388219 13.412737902
152 -0.33812868 12.518731217
153 -1.14254379 11.650532546
154 -1.28726916 11.500847686
155 -0.61502259 12.212813333
156 0.08257607 12.998263883
157 0.85887087 13.931847324
158 2.08704208 15.547719002
159 -1.15328578 11.639355821
160 2.58598729 16.256526693
161 0.3094428 13.264432982
162 0.17869592 13.110377168
163 -1.41471231 11.370630463
164 -2.17417924 10.624638884
165 -0.14662013 12.734784974
166 0.41302995 13.387771382
167 0.66900507 13.697494999
168 1.24012024 14.414603911
169 0.58663951 13.597060687
170 0.03395623 12.941919806
171 -0.01262384 12.888168657
172 -0.30831607 12.552122363
173 0.53118831 13.529860125
174 0.20954193 13.146560211
175 -1.07789199 11.718027883
176 0.63615554 13.657350552
177 1.31482288 14.511138123
178 0.86274591 13.936671821
179 1.22821976 14.399284975
180 -0.38054192 12.471379969
181 -0.41221754 12.43613334
182 0.0586364 12.970490325
183 2.58502215 16.255124872
184 -0.00120674 12.901322742
185 -0.22551067 12.645335216
186 0.33124453 13.290296957
187 0.75271914 13.800333852
188 1.1244434 14.266386551
189 -0.80855016 12.00344957
190 -0.58497502 12.245645581
191 1.65072174 14.953253677
192 -0.65104201 12.173571788
193 1.73436565 15.065426149
194 -0.71413069 12.105143071
195 -0.37362417 12.479090878
196 -0.29528642 12.566743969
197 0.52666675 13.524395164
198 -0.21053986 12.662261376
199 -1.32702251 11.460069778
200 -0.11008102 12.776428845
 Simu Stock Price
20
18
16
14
12
10
8
6
4
2
0
5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5
.2 .7 .2 .7 .2 .7 .2 .7 .2 .7 .2 .7 .2 .7 .2 .7 .2 .7 .2 .7
1 0 1 0 1 1 1 1 1 2 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19
 Date Open High Low Close Volume Adj Close* Pepsi ret
4-Jan-10 51.54 52.5 51.32 52.45 12,696,400 52.45
5-Jan-10 52.14 52.74 52.1 52.67 13,092,900 52.67 0.0041945
6-Jan-10 52.53 52.73 52.05 52.18 11,746,600 52.18 -0.009303
7-Jan-10 52.19 52.59 52 52.2 10,221,300 52.2 0.0003833
8-Jan-10 52.1 52.64 52.03 52.59 10,239,900 52.59 0.0074713
11-Jan-10 52.58 52.72 51.94 52.43 10,143,400 52.43 -0.003042
12-Jan-10 52.03 52.56 51.79 51.97 12,331,400 51.97 -0.008774
13-Jan-10 52.2 52.41 51.65 52.22 11,788,300 52.22 0.0048105
14-Jan-10 52.23 52.94 52.13 52.51 16,114,300 52.51 0.0055534
15-Jan-10 52.59 52.85 52.06 52.47 13,355,300 52.47 -0.000762
19-Jan-10 52.1 52.79 52.1 52.75 11,377,200 52.75 0.0053364
20-Jan-10 52.26 52.43 51.49 52.21 13,900,700 52.21 -0.010237
21-Jan-10 52.41 52.47 50.89 51.29 18,486,100 51.29 -0.017621
22-Jan-10 51.01 51.2 49.25 49.29 20,254,400 49.29 -0.038994
25-Jan-10 49.55 50.42 49.41 50.06 13,477,400 50.06 0.0156218
26-Jan-10 50.1 50.5 49.58 49.74 15,729,400 49.74 -0.006392
27-Jan-10 49.77 49.77 48.51 49.45 18,009,000 49.45 -0.00583
28-Jan-10 49.4 49.43 47.51 47.79 26,561,700 47.79 -0.033569
29-Jan-10 48.37 48.45 46.8 47.07 23,487,500 47.07 -0.015066
 Date Open High Low Close Volume Adj Close* Pepsi ret
4-Jan-10 51.54 52.5 51.32 52.45 12,696,400 52.45
5-Jan-10 52.14 52.74 52.1 52.67 13,092,900 52.67 0.0041945
6-Jan-10 52.53 52.73 52.05 52.18 11,746,600 52.18 -0.009303
7-Jan-10 52.19 52.59 52 52.2 10,221,300 52.2 0.0003833
8-Jan-10 52.1 52.64 52.03 52.59 10,239,900 52.59 0.0074713
11-Jan-10 52.58 52.72 51.94 52.43 10,143,400 52.43 -0.003042
12-Jan-10 52.03 52.56 51.79 51.97 12,331,400 51.97 -0.008774
13-Jan-10 52.2 52.41 51.65 52.22 11,788,300 52.22 0.0048105
14-Jan-10 52.23 52.94 52.13 52.51 16,114,300 52.51 0.0055534
15-Jan-10 52.59 52.85 52.06 52.47 13,355,300 52.47 -0.000762
19-Jan-10 52.1 52.79 52.1 52.75 11,377,200 52.75 0.0053364
20-Jan-10 52.26 52.43 51.49 52.21 13,900,700 52.21 -0.010237
21-Jan-10 52.41 52.47 50.89 51.29 18,486,100 51.29 -0.017621
22-Jan-10 51.01 51.2 49.25 49.29 20,254,400 49.29 -0.038994
25-Jan-10 49.55 50.42 49.41 50.06 13,477,400 50.06 0.0156218
26-Jan-10 50.1 50.5 49.58 49.74 15,729,400 49.74 -0.006392
27-Jan-10 49.77 49.77 48.51 49.45 18,009,000 49.45 -0.00583
28-Jan-10 49.4 49.43 47.51 47.79 26,561,700 47.79 -0.033569
29-Jan-10 48.37 48.45 46.8 47.07 23,487,500 47.07 -0.015066
 Ave Stdev Days Simulated number Epsilon (ε) Stock price Class
-0.005901 0.0139562 18 1 0.82740671 49.445903937 40
2 -0.05061239 46.9409683 40.5
3 0.67846827 49.011767688 41
4 0.46071578 48.38389834 41.5
5 -0.43811655 45.876192609 42
6 0.68024778 49.016932151 42.5
7 -2.27496505 41.148383172 43
8 0.2922171 47.903573325 43.5
9 1.05187568 50.107477998 44
10 0.64201114 48.906081846 44.5
11 1.8765779 52.615024486 45
12 1.05166878 50.106864139 45.5
13 -0.26583853 46.346559454 46
14 0.15394705 47.51298258 46.5
15 0.9208184 49.720147005 47
16 1.53648608 51.566102747 47.5
17 0.12101833 47.420434724 48
18 -0.9892594 44.403245965 48.5
19 0.86151257 49.545858007 49
20 -0.33922822 46.145598445 49.5
21 1.35834374 51.025042628 50
22 0.63246233 48.878438431 50.5
23 -0.53705007 45.608237565 51
24 0.96139609 49.839750557 51.5
25 0.65553644 48.945263834 52
26 0.62956272 48.870047264 52.5
27 0.26264313 47.81976255 53
28 -0.49625148 45.718547752 53.5
29 -0.31937042 46.199888373 54
30 -0.15881406 46.64119146 54.5
31 -1.00108026 44.372177909 55
32 -1.00295595 44.367250139 55.5
33 0.44578333 48.341137871 56
34 0.50764916 48.518542883 56.5
35 2.26539845 53.840403303 57
36 -0.20444606 46.515340908 57.5
37 -1.30767378 43.57392561 58
38 -1.46848326 43.160997082 58.5
39 0.26070546 47.81427642 59
40 1.60878683 51.787330481 59.5
41 0.51216886 48.531528963
42 -0.80171754 44.89907164
43 0.68070301 49.018253401
44 -1.32213564 43.536629163
45 -0.89644312 44.647946757
46 0.77400816 49.289813655
47 0.28577136 47.885293977
48 -0.00091784 47.079293863
49 -0.13494643 46.707152617
50 -0.08917774 46.833901171
51 -1.34171469 43.486186601
52 -0.5161013 45.664845038
53 -0.73618502 45.073629602
54 1.58147897 51.703661858
55 1.88692612 52.647273112
56 -0.64897791 45.306974701
57 -1.86108715 42.169228256
58 1.01269088 49.991354795
59 0.33987547 48.038943359
60 -0.08048404 46.858015744
61 -0.99503388 44.388066537
62 -1.84769958 42.202668689
63 -2.22970691 41.258799696
64 0.25891257 47.809200803
65 -2.35008975 40.965753019
66 0.47602041 48.427763844
67 -0.2547615 46.376967328
68 -1.7432194 42.464559591
69 -1.12111241 44.057932854
70 -0.04592646 46.953994266
71 -0.96786905 44.459520295
72 -1.62933067 42.751885668
73 -1.94745599 41.954125846
74 -1.37110775 43.410569373
75 -0.2076459 46.506528683
76 0.90151727 49.663357315
77 -0.40619571 45.962983618
78 0.6850571 49.030892431
79 0.4729994 48.419101978
80 -0.14073751 46.691139705
81 -0.83735781 44.804421187
82 0.20135677 47.646547332
83 -0.43399436 45.887391394
84 0.20929541 47.668949113
85 0.40217611 48.216480717
86 1.95190953 52.850236005
87 -0.80542075 44.889227667
88 1.78607059 52.33381317
89 -1.78690555 42.354858392
90 0.0630149 47.257851327
91 1.1760394 50.477218651
92 0.57530129 48.713285891
93 0.46753735 48.40344513
 94 -0.53177087 45.62249634
95 2.37133068 54.179170732
96 -0.01910545 47.028621127
97 -1.04927465 44.245736216
98 -0.44852542 45.847926913
99 -0.17299658 46.602040434
100 1.50483586 51.469556225
101 0.16646821 47.548221304
102 -2.28488066 41.124231503
103 -0.77444068 44.971646326
104 0.3296694 48.00992162
105 -0.53910654 45.602684398
106 2.10454964 53.330060255
107 -0.63530983 45.34365651
108 -2.12449784 41.516625104
109 0.33650377 48.029353737
110 1.09507148 50.235800285
111 -1.21120315 43.823537516
112 -0.52835099 45.631735591
113 0.4147601 48.252420719
114 0.18511115 47.600737213
115 0.05999294 47.249396073
116 -1.25727203 43.704159217
117 -0.52316268 45.645756021
118 1.55550051 51.624191844
119 2.54065941 54.725110197
120 -0.60973382 45.41237613
121 1.93891073 52.809574318
122 -0.27581332 46.319194473
123 -0.50493055 45.695059195
124 1.90828816 52.71390708
125 1.25274597 50.707001233
126 2.30247498 53.958731066
127 1.46522926 51.348993945
128 0.33920399 48.037033403
129 -0.80137497 44.899982381
130 -2.09681334 41.584736106
131 0.80739934 49.387362196
132 0.07979908 47.304839928
133 1.86739361 52.586419617
134 -0.65228105 45.298114322
135 -0.59898841 45.441278791
136 1.31364423 50.890173011
137 -0.26707917 46.343155006
138 0.68323264 49.025596008
139 -0.84721067 44.778290017
140 1.27497852 50.773796486
141 -0.51566771 45.666017408
142 1.17002291 50.459239703
143 0.20495814 47.656708606
144 0.3551092 48.082294252
145 1.26827473 50.753646438
146 -0.77058369 44.981917934
147 2.82821304 55.66485621
148 0.40398652 48.2216496
149 -1.80770289 42.302733386
150 0.30694135 47.945355667
151 -0.79738738 44.910584954
152 0.28430781 47.881144512
153 -0.94032412 44.53209131
154 0.96193826 49.841350588
155 1.04576404 50.089348557
156 -0.64523118 45.31702706
157 -0.40766923 45.958973571
158 0.86204835 49.547429825
159 1.23366803 50.649753729
160 0.50157347 48.501091601
161 0.53389412 48.593998868
162 -0.54996022 45.573386897
163 0.12801696 47.440089621
164 0.53965796 48.610586005
165 1.00455703 49.967284085
166 -0.71756378 45.12335441
167 -0.54484067 45.587203843
168 -1.37250129 43.406987576
169 -0.04008822 46.97022853
170 1.56662858 51.658218442
171 1.08498203 50.205798055
172 -0.3310466 46.167958745
173 -0.37530877 46.047119796
174 1.02816637 50.037183844
175 -1.48169389 43.127249121
176 -0.84584728 44.781905008
177 0.27871526 47.865291741
178 -1.20431565 43.841413101
179 -0.20447373 46.51526471
180 -0.17016505 46.609854263
181 1.0618639 50.137120968
182 -2.42384918 40.787230501
183 -1.69761183 42.579388846
184 -0.37049588 46.060244002
185 -0.19089171 46.552687574
186 -0.29763328 46.259389527
187 0.43846973 48.320208477
188 0.29089537 47.899824502
189 -0.40835262 45.957113932
190 -0.02600785 47.009404546
191 0.54835392 48.635621885
192 -0.31751024 46.204977254
193 -0.81510456 44.863496087
194 -0.08803156 46.837079731
195 -2.45734117 40.706425715
196 0.95688601 49.826442832
197 1.37521765 51.076048313
198 -0.21071147 46.49808781
199 -0.82824239 44.828610153
200 -0.3430273 46.135219296
Freq
0
0
3
Simulated stock price
3 18
3 16
5 14
2 12
5 10
5 8
7 6
13 4
8 2
17 0
13 40 4 1 42 4 3 44 4 5 46 4 7 48 4 9 50 51 5 2 53 5 4 55 56 57 5 8 5 9
15
8
15
14
11
8
9
9
5
4
5
1
6
1
2
1
1
0
1
0
0
0
0
0
0
0
0