Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

¡Esta empresa ha sido trasladada al archivo! Los datos financieros no se han actualizado desde el 3 de mayo de 2023.

Modelo de fijación de precios de activos de capital (CAPM) 

Microsoft Excel

El modelo de fijación de precios de activos de capital (CAPM, por sus siglas en inglés) indica cuál debería ser la tasa de rendimiento esperada o requerida en activos de riesgo como las acciones ordinarias de Albemarle.


Tasas de retorno

Albemarle Corp., tasas mensuales de retorno

Microsoft Excel
Albemarle Corp. (ALB) Standard & Poor’s 500 (S&P 500)
t Fecha PrecioALB,t1 DividendoALB,t1 RALB,t2 PrecioS&P 500,t RS&P 500,t3
31 ene. 2018 $111.59 2,823.81
1. 28 feb. 2018 $100.43 -10.00% 2,713.83 -3.89%
2. 31 mar. 2018 $92.74 $0.335 -7.32% 2,640.87 -2.69%
3. 30 abr. 2018 $96.96 4.55% 2,648.05 0.27%
. . . . . . .
. . . . . . .
. . . . . . .
58. 30 nov. 2022 $277.99 -0.67% 4,080.11 5.38%
59. 31 dic. 2022 $216.86 $0.395 -21.85% 3,839.50 -5.90%
Promedio (R): 2.12% 0.67%
Desviación estándar: 13.47% 5.40%
Albemarle Corp. (ALB) Standard & Poor’s 500 (S&P 500)
t Fecha PrecioALB,t1 DividendoALB,t1 RALB,t2 PrecioS&P 500,t RS&P 500,t3
31 ene. 2018 $111.59 2,823.81
1. 28 feb. 2018 $100.43 -10.00% 2,713.83 -3.89%
2. 31 mar. 2018 $92.74 $0.335 -7.32% 2,640.87 -2.69%
3. 30 abr. 2018 $96.96 4.55% 2,648.05 0.27%
4. 31 may. 2018 $93.47 -3.60% 2,705.27 2.16%
5. 30 jun. 2018 $94.33 $0.335 1.28% 2,718.37 0.48%
6. 31 jul. 2018 $94.20 -0.14% 2,816.29 3.60%
7. 31 ago. 2018 $95.52 1.40% 2,901.52 3.03%
8. 30 sept. 2018 $99.78 $0.335 4.81% 2,913.98 0.43%
9. 31 oct. 2018 $99.22 -0.56% 2,711.74 -6.94%
10. 30 nov. 2018 $96.32 -2.92% 2,760.17 1.79%
11. 31 dic. 2018 $77.07 $0.335 -19.64% 2,506.85 -9.18%
12. 31 ene. 2019 $80.73 4.75% 2,704.10 7.87%
13. 28 feb. 2019 $91.29 13.08% 2,784.49 2.97%
14. 31 mar. 2019 $81.98 $0.3675 -9.80% 2,834.40 1.79%
15. 30 abr. 2019 $75.06 -8.44% 2,945.83 3.93%
16. 31 may. 2019 $63.30 -15.67% 2,752.06 -6.58%
17. 30 jun. 2019 $70.41 $0.3675 11.81% 2,941.76 6.89%
18. 31 jul. 2019 $72.96 3.62% 2,980.38 1.31%
19. 31 ago. 2019 $61.73 -15.39% 2,926.46 -1.81%
20. 30 sept. 2019 $69.52 $0.3675 13.21% 2,976.74 1.72%
21. 31 oct. 2019 $60.74 -12.63% 3,037.56 2.04%
22. 30 nov. 2019 $65.38 7.64% 3,140.98 3.40%
23. 31 dic. 2019 $73.04 $0.3675 12.28% 3,230.78 2.86%
24. 31 ene. 2020 $80.28 9.91% 3,225.52 -0.16%
25. 29 feb. 2020 $81.85 1.96% 2,954.22 -8.41%
26. 31 mar. 2020 $56.37 $0.385 -30.66% 2,584.59 -12.51%
27. 30 abr. 2020 $61.43 8.98% 2,912.43 12.68%
28. 31 may. 2020 $76.52 24.56% 3,044.31 4.53%
29. 30 jun. 2020 $77.21 $0.385 1.40% 3,100.29 1.84%
30. 31 jul. 2020 $82.46 6.80% 3,271.12 5.51%
31. 31 ago. 2020 $91.01 10.37% 3,500.31 7.01%
32. 30 sept. 2020 $89.28 $0.385 -1.48% 3,363.00 -3.92%
33. 31 oct. 2020 $93.21 4.40% 3,269.96 -2.77%
34. 30 nov. 2020 $135.97 45.87% 3,621.63 10.75%
35. 31 dic. 2020 $147.52 $0.385 8.78% 3,756.07 3.71%
36. 31 ene. 2021 $162.66 10.26% 3,714.24 -1.11%
37. 28 feb. 2021 $157.21 -3.35% 3,811.15 2.61%
38. 31 mar. 2021 $146.11 $0.39 -6.81% 3,972.89 4.24%
39. 30 abr. 2021 $168.17 15.10% 4,181.17 5.24%
40. 31 may. 2021 $167.08 -0.65% 4,204.11 0.55%
41. 30 jun. 2021 $168.46 $0.39 1.06% 4,297.50 2.22%
42. 31 jul. 2021 $206.04 22.31% 4,395.26 2.27%
43. 31 ago. 2021 $236.74 14.90% 4,522.68 2.90%
44. 30 sept. 2021 $218.97 $0.39 -7.34% 4,307.54 -4.76%
45. 31 oct. 2021 $250.47 14.39% 4,605.38 6.91%
46. 30 nov. 2021 $266.49 6.40% 4,567.00 -0.83%
47. 31 dic. 2021 $233.77 $0.39 -12.13% 4,766.18 4.36%
48. 31 ene. 2022 $220.74 -5.57% 4,515.55 -5.26%
49. 28 feb. 2022 $195.89 -11.26% 4,373.94 -3.14%
50. 31 mar. 2022 $221.15 $0.395 13.10% 4,530.41 3.58%
51. 30 abr. 2022 $192.83 -12.81% 4,131.93 -8.80%
52. 31 may. 2022 $260.42 35.05% 4,132.15 0.01%
53. 30 jun. 2022 $208.98 $0.395 -19.60% 3,785.38 -8.39%
54. 31 jul. 2022 $244.31 16.91% 4,130.29 9.11%
55. 31 ago. 2022 $267.96 9.68% 3,955.00 -4.24%
56. 30 sept. 2022 $264.44 $0.395 -1.17% 3,585.62 -9.34%
57. 31 oct. 2022 $279.87 5.83% 3,871.98 7.99%
58. 30 nov. 2022 $277.99 -0.67% 4,080.11 5.38%
59. 31 dic. 2022 $216.86 $0.395 -21.85% 3,839.50 -5.90%
Promedio (R): 2.12% 0.67%
Desviación estándar: 13.47% 5.40%

Mostrar todo

1 Datos en dólares estadounidenses por acción ordinaria, ajustados por divisiones y dividendos de acciones.

2 Tasa de rendimiento de las acciones ordinarias de ALB durante el período t.

3 Tasa de rendimiento del S&P 500 (el proxy de la cartera de mercado) durante el período t.


Varianza y covarianza

Albemarle Corp., cálculo de la varianza y covarianza de los rendimientos

Microsoft Excel
t Fecha RALB,t RS&P 500,t (RALB,tRALB)2 (RS&P 500,tRS&P 500)2 (RALB,tRALB)×(RS&P 500,tRS&P 500)
1. 28 feb. 2018 -10.00% -3.89% 146.88 20.81 55.28
2. 31 mar. 2018 -7.32% -2.69% 89.15 11.26 31.68
3. 30 abr. 2018 4.55% 0.27% 5.91 0.16 -0.96
. . . . . . .
. . . . . . .
. . . . . . .
58. 30 nov. 2022 -0.67% 5.38% 7.79 22.17 -13.14
59. 31 dic. 2022 -21.85% -5.90% 574.39 43.08 157.31
Total (Σ): 10,527.70 1,691.48 2,564.24
t Fecha RALB,t RS&P 500,t (RALB,tRALB)2 (RS&P 500,tRS&P 500)2 (RALB,tRALB)×(RS&P 500,tRS&P 500)
1. 28 feb. 2018 -10.00% -3.89% 146.88 20.81 55.28
2. 31 mar. 2018 -7.32% -2.69% 89.15 11.26 31.68
3. 30 abr. 2018 4.55% 0.27% 5.91 0.16 -0.96
4. 31 may. 2018 -3.60% 2.16% 32.70 2.23 -8.54
5. 30 jun. 2018 1.28% 0.48% 0.71 0.03 0.15
6. 31 jul. 2018 -0.14% 3.60% 5.09 8.62 -6.62
7. 31 ago. 2018 1.40% 3.03% 0.51 5.57 -1.69
8. 30 sept. 2018 4.81% 0.43% 7.25 0.06 -0.64
9. 31 oct. 2018 -0.56% -6.94% 7.18 57.87 20.39
10. 30 nov. 2018 -2.92% 1.79% 25.42 1.25 -5.64
11. 31 dic. 2018 -19.64% -9.18% 473.34 96.91 214.18
12. 31 ene. 2019 4.75% 7.87% 6.92 51.87 18.94
13. 28 feb. 2019 13.08% 2.97% 120.17 5.32 25.28
14. 31 mar. 2019 -9.80% 1.79% 141.95 1.27 -13.41
15. 30 abr. 2019 -8.44% 3.93% 111.51 10.66 -34.47
16. 31 may. 2019 -15.67% -6.58% 316.34 52.48 128.85
17. 30 jun. 2019 11.81% 6.89% 93.98 38.77 60.36
18. 31 jul. 2019 3.62% 1.31% 2.26 0.42 0.97
19. 31 ago. 2019 -15.39% -1.81% 306.62 6.13 43.35
20. 30 sept. 2019 13.21% 1.72% 123.13 1.11 11.67
21. 31 oct. 2019 -12.63% 2.04% 217.51 1.89 -20.30
22. 30 nov. 2019 7.64% 3.40% 30.48 7.50 15.12
23. 31 dic. 2019 12.28% 2.86% 103.22 4.81 22.27
24. 31 ene. 2020 9.91% -0.16% 60.74 0.69 -6.46
25. 29 feb. 2020 1.96% -8.41% 0.03 82.40 1.48
26. 31 mar. 2020 -30.66% -12.51% 1,074.42 173.67 431.97
27. 30 abr. 2020 8.98% 12.68% 47.03 144.43 82.42
28. 31 may. 2020 24.56% 4.53% 503.82 14.91 86.68
29. 30 jun. 2020 1.40% 1.84% 0.51 1.37 -0.84
30. 31 jul. 2020 6.80% 5.51% 21.91 23.46 22.67
31. 31 ago. 2020 10.37% 7.01% 68.06 40.19 52.30
32. 30 sept. 2020 -1.48% -3.92% 12.93 21.06 16.51
33. 31 oct. 2020 4.40% -2.77% 5.21 11.79 -7.84
34. 30 nov. 2020 45.87% 10.75% 1,914.61 101.77 441.41
35. 31 dic. 2020 8.78% 3.71% 44.34 9.28 20.28
36. 31 ene. 2021 10.26% -1.11% 66.33 3.17 -14.50
37. 28 feb. 2021 -3.35% 2.61% 29.91 3.77 -10.62
38. 31 mar. 2021 -6.81% 4.24% 79.77 12.80 -31.95
39. 30 abr. 2021 15.10% 5.24% 168.47 20.94 59.39
40. 31 may. 2021 -0.65% 0.55% 7.65 0.01 0.33
41. 30 jun. 2021 1.06% 2.22% 1.12 2.42 -1.65
42. 31 jul. 2021 22.31% 2.27% 407.61 2.59 32.47
43. 31 ago. 2021 14.90% 2.90% 163.36 4.98 28.53
44. 30 sept. 2021 -7.34% -4.76% 89.49 29.42 51.31
45. 31 oct. 2021 14.39% 6.91% 150.48 39.03 76.64
46. 30 nov. 2021 6.40% -0.83% 18.30 2.25 -6.42
47. 31 dic. 2021 -12.13% 4.36% 203.07 13.65 -52.65
48. 31 ene. 2022 -5.57% -5.26% 59.17 35.11 45.58
49. 28 feb. 2022 -11.26% -3.14% 178.92 14.46 50.87
50. 31 mar. 2022 13.10% 3.58% 120.52 8.47 31.95
51. 30 abr. 2022 -12.81% -8.80% 222.74 89.54 141.22
52. 31 may. 2022 35.05% 0.01% 1,084.58 0.44 -21.78
53. 30 jun. 2022 -19.60% -8.39% 471.74 82.06 196.75
54. 31 jul. 2022 16.91% 9.11% 218.66 71.32 124.88
55. 31 ago. 2022 9.68% -4.24% 57.18 24.11 -37.13
56. 30 sept. 2022 -1.17% -9.34% 10.79 100.12 32.87
57. 31 oct. 2022 5.83% 7.99% 13.81 53.58 27.20
58. 30 nov. 2022 -0.67% 5.38% 7.79 22.17 -13.14
59. 31 dic. 2022 -21.85% -5.90% 574.39 43.08 157.31
Total (Σ): 10,527.70 1,691.48 2,564.24

Mostrar todo

VarianzaALB = Σ(RALB,tRALB)2 ÷ (59 – 1)
= 10,527.70 ÷ (59 – 1)
= 181.51

VarianzaS&P 500 = Σ(RS&P 500,tRS&P 500)2 ÷ (59 – 1)
= 1,691.48 ÷ (59 – 1)
= 29.16

CovarianzaALB, S&P 500 = Σ(RALB,tRALB)×(RS&P 500,tRS&P 500) ÷ (59 – 1)
= 2,564.24 ÷ (59 – 1)
= 44.21


Estimación sistemática del riesgo (β)

Microsoft Excel
VarianzaALB 181.51
VarianzaS&P 500 29.16
CovarianzaALB, S&P 500 44.21
Coeficiente de correlaciónALB, S&P 5001 0.61
βALB2 1.52
αALB3 1.11%

Cálculos

1 Coeficiente de correlaciónALB, S&P 500
= CovarianzaALB, S&P 500 ÷ (Desviación estándarALB × Desviación estándarS&P 500)
= 44.21 ÷ (13.47% × 5.40%)
= 0.61

2 βALB
= CovarianzaALB, S&P 500 ÷ VarianzaS&P 500
= 44.21 ÷ 29.16
= 1.52

3 αALB
= PromedioALB – βALB × PromedioS&P 500
= 2.12%1.52 × 0.67%
= 1.11%


Tasa de rendimiento esperada

Microsoft Excel
Suposiciones
Tasa de rendimiento del LT Treasury Composite1 RF 4.43%
Tasa de rendimiento esperada de la cartera de mercado2 E(RM) 13.55%
Riesgo sistemático de Albemarle acciones ordinarias βALB 1.52
 
Tasa de rendimiento esperada de las acciones ordinarias de Albemarle3 E(RALB) 18.25%

1 Promedio no ponderado de los rendimientos de las ofertas de todos los bonos del Tesoro de EE. UU. con cupón fijo en circulación que no vencen ni son rescatables en menos de 10 años (proxy de tasa de rendimiento libre de riesgo).

2 Ver detalles »

3 E(RALB) = RF + βALB [E(RM) – RF]
= 4.43% + 1.52 [13.55%4.43%]
= 18.25%