Stock Analysis on Net

Becton, Dickinson & Co. (NYSE:BDX)

¡Esta empresa ha sido trasladada al archivo! Los datos financieros no se actualizan desde el 5 de mayo de 2022.

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

Microsoft Excel LibreOffice Calc

Tasas de retorno

Becton, Dickinson & Co., tasas de rendimiento mensuales

Microsoft Excel LibreOffice Calc
Becton, Dickinson & Co. (BDX) Standard & Poor’s 500 (S&P 500)
t Fecha PrecioBDX,t1 DividendoBDX,t1 RBDX,t2 PrecioS&P 500,t RS&P 500,t3
31 oct. 2015 $142.52 2,079.36
1. 30 nov. 2015 $150.25 5.42% 2,080.41 0.05%
2. 31 dic. 2015 $154.09 $0.66 3.00% 2,043.94 -1.75%
3. 31 ene. 2016 $145.37 -5.66% 1,940.24 -5.07%
. . . . . . .
. . . . . . .
. . . . . . .
70. 31 ago. 2021 $251.70 -1.58% 4,522.68 2.90%
71. 30 sept. 2021 $245.82 $0.83 -2.01% 4,307.54 -4.76%
Promedio (R): 1.06% 1.12%
Desviación estándar: 5.86% 4.19%
Becton, Dickinson & Co. (BDX) Standard & Poor’s 500 (S&P 500)
t Fecha PrecioBDX,t1 DividendoBDX,t1 RBDX,t2 PrecioS&P 500,t RS&P 500,t3
31 oct. 2015 $142.52 2,079.36
1. 30 nov. 2015 $150.25 5.42% 2,080.41 0.05%
2. 31 dic. 2015 $154.09 $0.66 3.00% 2,043.94 -1.75%
3. 31 ene. 2016 $145.37 -5.66% 1,940.24 -5.07%
4. 29 feb. 2016 $147.45 1.43% 1,932.23 -0.41%
5. 31 mar. 2016 $151.82 $0.66 3.41% 2,059.74 6.60%
6. 30 abr. 2016 $161.26 6.22% 2,065.30 0.27%
7. 31 may. 2016 $166.45 3.22% 2,096.95 1.53%
8. 30 jun. 2016 $169.59 $0.66 2.28% 2,098.86 0.09%
9. 31 jul. 2016 $176.00 3.78% 2,173.60 3.56%
10. 31 ago. 2016 $177.21 0.69% 2,170.95 -0.12%
11. 30 sept. 2016 $179.73 $0.66 1.79% 2,168.27 -0.12%
12. 31 oct. 2016 $167.91 -6.58% 2,126.15 -1.94%
13. 30 nov. 2016 $169.10 0.71% 2,198.81 3.42%
14. 31 dic. 2016 $165.55 $0.73 -1.67% 2,238.83 1.82%
15. 31 ene. 2017 $177.29 7.09% 2,278.87 1.79%
16. 28 feb. 2017 $183.05 3.25% 2,363.64 3.72%
17. 31 mar. 2017 $183.44 $0.73 0.61% 2,362.72 -0.04%
18. 30 abr. 2017 $186.97 1.92% 2,384.20 0.91%
19. 31 may. 2017 $189.23 1.21% 2,411.80 1.16%
20. 30 jun. 2017 $195.11 $0.73 3.49% 2,423.41 0.48%
21. 31 jul. 2017 $201.40 3.22% 2,470.30 1.93%
22. 31 ago. 2017 $199.44 -0.97% 2,471.65 0.05%
23. 30 sept. 2017 $195.95 $0.73 -1.38% 2,519.36 1.93%
24. 31 oct. 2017 $208.67 6.49% 2,575.26 2.22%
25. 30 nov. 2017 $228.21 9.36% 2,647.58 2.81%
26. 31 dic. 2017 $214.06 $0.75 -5.87% 2,673.61 0.98%
27. 31 ene. 2018 $242.94 13.49% 2,823.81 5.62%
28. 28 feb. 2018 $222.02 -8.61% 2,713.83 -3.89%
29. 31 mar. 2018 $216.70 $0.75 -2.06% 2,640.87 -2.69%
30. 30 abr. 2018 $231.87 7.00% 2,648.05 0.27%
31. 31 may. 2018 $221.59 -4.43% 2,705.27 2.16%
32. 30 jun. 2018 $239.56 $0.75 8.45% 2,718.37 0.48%
33. 31 jul. 2018 $250.37 4.51% 2,816.29 3.60%
34. 31 ago. 2018 $261.87 4.59% 2,901.52 3.03%
35. 30 sept. 2018 $261.00 $0.75 -0.05% 2,913.98 0.43%
36. 31 oct. 2018 $230.50 -11.69% 2,711.74 -6.94%
37. 30 nov. 2018 $252.75 9.65% 2,760.17 1.79%
38. 31 dic. 2018 $225.32 $0.77 -10.55% 2,506.85 -9.18%
39. 31 ene. 2019 $249.46 10.71% 2,704.10 7.87%
40. 28 feb. 2019 $248.79 -0.27% 2,784.49 2.97%
41. 31 mar. 2019 $249.73 $0.77 0.69% 2,834.40 1.79%
42. 30 abr. 2019 $240.74 -3.60% 2,945.83 3.93%
43. 31 may. 2019 $233.44 -3.03% 2,752.06 -6.58%
44. 30 jun. 2019 $252.01 $0.77 8.28% 2,941.76 6.89%
45. 31 jul. 2019 $252.80 0.31% 2,980.38 1.31%
46. 31 ago. 2019 $253.92 0.44% 2,926.46 -1.81%
47. 30 sept. 2019 $252.96 $0.77 -0.07% 2,976.74 1.72%
48. 31 oct. 2019 $256.00 1.20% 3,037.56 2.04%
49. 30 nov. 2019 $258.50 0.98% 3,140.98 3.40%
50. 31 dic. 2019 $271.97 $0.79 5.52% 3,230.78 2.86%
51. 31 ene. 2020 $275.18 1.18% 3,225.52 -0.16%
52. 29 feb. 2020 $237.82 -13.58% 2,954.22 -8.41%
53. 31 mar. 2020 $229.77 $0.79 -3.05% 2,584.59 -12.51%
54. 30 abr. 2020 $252.53 9.91% 2,912.43 12.68%
55. 31 may. 2020 $246.93 -2.22% 3,044.31 4.53%
56. 30 jun. 2020 $239.27 $0.79 -2.78% 3,100.29 1.84%
57. 31 jul. 2020 $281.34 17.58% 3,271.12 5.51%
58. 31 ago. 2020 $242.77 -13.71% 3,500.31 7.01%
59. 30 sept. 2020 $232.68 $0.79 -3.83% 3,363.00 -3.92%
60. 31 oct. 2020 $231.13 -0.67% 3,269.96 -2.77%
61. 30 nov. 2020 $234.84 1.61% 3,621.63 10.75%
62. 31 dic. 2020 $250.22 $0.83 6.90% 3,756.07 3.71%
63. 31 ene. 2021 $261.79 4.62% 3,714.24 -1.11%
64. 28 feb. 2021 $241.15 -7.88% 3,811.15 2.61%
65. 31 mar. 2021 $243.15 $0.83 1.17% 3,972.89 4.24%
66. 30 abr. 2021 $248.81 2.33% 4,181.17 5.24%
67. 31 may. 2021 $241.89 -2.78% 4,204.11 0.55%
68. 30 jun. 2021 $243.19 $0.83 0.88% 4,297.50 2.22%
69. 31 jul. 2021 $255.75 5.16% 4,395.26 2.27%
70. 31 ago. 2021 $251.70 -1.58% 4,522.68 2.90%
71. 30 sept. 2021 $245.82 $0.83 -2.01% 4,307.54 -4.76%
Promedio (R): 1.06% 1.12%
Desviación estándar: 5.86% 4.19%

Mostrar todo

1 Datos en US$ por acción de acciones ordinarias, ajustados por escisiones y dividendos de acciones.

2 Tasa de rendimiento de las acciones ordinarias de BDX 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

Becton, Dickinson & Co., cálculo de varianza y covarianza de rendimientos

Microsoft Excel LibreOffice Calc
t Fecha RBDX,t RS&P 500,t (RBDX,tRBDX)2 (RS&P 500,tRS&P 500)2 (RBDX,tRBDX)×(RS&P 500,tRS&P 500)
1. 30 nov. 2015 5.42% 0.05% 19.05 1.14 -4.66
2. 31 dic. 2015 3.00% -1.75% 3.75 8.24 -5.56
3. 31 ene. 2016 -5.66% -5.07% 45.14 38.33 41.60
. . . . . . .
. . . . . . .
. . . . . . .
70. 31 ago. 2021 -1.58% 2.90% 6.98 3.17 -4.71
71. 30 sept. 2021 -2.01% -4.76% 9.40 34.51 18.01
Total (Σ): 2,401.77 1,226.33 898.82
t Fecha RBDX,t RS&P 500,t (RBDX,tRBDX)2 (RS&P 500,tRS&P 500)2 (RBDX,tRBDX)×(RS&P 500,tRS&P 500)
1. 30 nov. 2015 5.42% 0.05% 19.05 1.14 -4.66
2. 31 dic. 2015 3.00% -1.75% 3.75 8.24 -5.56
3. 31 ene. 2016 -5.66% -5.07% 45.14 38.33 41.60
4. 29 feb. 2016 1.43% -0.41% 0.14 2.34 -0.57
5. 31 mar. 2016 3.41% 6.60% 5.53 30.04 12.89
6. 30 abr. 2016 6.22% 0.27% 26.61 0.72 -4.37
7. 31 may. 2016 3.22% 1.53% 4.66 0.17 0.89
8. 30 jun. 2016 2.28% 0.09% 1.50 1.05 -1.26
9. 31 jul. 2016 3.78% 3.56% 7.40 5.97 6.65
10. 31 ago. 2016 0.69% -0.12% 0.14 1.54 0.46
11. 30 sept. 2016 1.79% -0.12% 0.54 1.54 -0.91
12. 31 oct. 2016 -6.58% -1.94% 58.31 9.37 23.37
13. 30 nov. 2016 0.71% 3.42% 0.12 5.29 -0.81
14. 31 dic. 2016 -1.67% 1.82% 7.44 0.49 -1.91
15. 31 ene. 2017 7.09% 1.79% 36.39 0.45 4.04
16. 28 feb. 2017 3.25% 3.72% 4.79 6.77 5.70
17. 31 mar. 2017 0.61% -0.04% 0.20 1.34 0.52
18. 30 abr. 2017 1.92% 0.91% 0.75 0.04 -0.18
19. 31 may. 2017 1.21% 1.16% 0.02 0.00 0.01
20. 30 jun. 2017 3.49% 0.48% 5.92 0.41 -1.55
21. 31 jul. 2017 3.22% 1.93% 4.69 0.67 1.77
22. 31 ago. 2017 -0.97% 0.05% 4.13 1.13 2.16
23. 30 sept. 2017 -1.38% 1.93% 5.97 0.66 -1.98
24. 31 oct. 2017 6.49% 2.22% 29.51 1.21 5.98
25. 30 nov. 2017 9.36% 2.81% 68.97 2.86 14.04
26. 31 dic. 2017 -5.87% 0.98% 48.04 0.02 0.93
27. 31 ene. 2018 13.49% 5.62% 154.56 20.25 55.94
28. 28 feb. 2018 -8.61% -3.89% 93.52 25.13 48.48
29. 31 mar. 2018 -2.06% -2.69% 9.72 14.49 11.87
30. 30 abr. 2018 7.00% 0.27% 35.30 0.72 -5.03
31. 31 may. 2018 -4.43% 2.16% 30.17 1.09 -5.73
32. 30 jun. 2018 8.45% 0.48% 54.59 0.40 -4.68
33. 31 jul. 2018 4.51% 3.60% 11.92 6.17 8.58
34. 31 ago. 2018 4.59% 3.03% 12.49 3.64 6.74
35. 30 sept. 2018 -0.05% 0.43% 1.22 0.47 0.76
36. 31 oct. 2018 -11.69% -6.94% 162.44 64.94 102.70
37. 30 nov. 2018 9.65% 1.79% 73.85 0.45 5.74
38. 31 dic. 2018 -10.55% -9.18% 134.73 106.00 119.50
39. 31 ene. 2019 10.71% 7.87% 93.21 45.57 65.17
40. 28 feb. 2019 -0.27% 2.97% 1.76 3.44 -2.46
41. 31 mar. 2019 0.69% 1.79% 0.14 0.45 -0.25
42. 30 abr. 2019 -3.60% 3.93% 21.71 7.92 -13.11
43. 31 may. 2019 -3.03% -6.58% 16.74 59.22 31.49
44. 30 jun. 2019 8.28% 6.89% 52.21 33.35 41.73
45. 31 jul. 2019 0.31% 1.31% 0.56 0.04 -0.15
46. 31 ago. 2019 0.44% -1.81% 0.38 8.57 1.80
47. 30 sept. 2019 -0.07% 1.72% 1.29 0.36 -0.68
48. 31 oct. 2019 1.20% 2.04% 0.02 0.86 0.13
49. 30 nov. 2019 0.98% 3.40% 0.01 5.23 -0.19
50. 31 dic. 2019 5.52% 2.86% 19.87 3.03 7.76
51. 31 ene. 2020 1.18% -0.16% 0.01 1.64 -0.15
52. 29 feb. 2020 -13.58% -8.41% 214.21 90.80 139.47
53. 31 mar. 2020 -3.05% -12.51% 16.91 185.77 56.05
54. 30 abr. 2020 9.91% 12.68% 78.26 133.78 102.32
55. 31 may. 2020 -2.22% 4.53% 10.74 11.63 -11.17
56. 30 jun. 2020 -2.78% 1.84% 14.76 0.52 -2.77
57. 31 jul. 2020 17.58% 5.51% 273.02 19.29 72.57
58. 31 ago. 2020 -13.71% 7.01% 218.11 34.67 -86.97
59. 30 sept. 2020 -3.83% -3.92% 23.91 25.41 24.65
60. 31 oct. 2020 -0.67% -2.77% 2.98 15.09 6.70
61. 30 nov. 2020 1.61% 10.75% 0.30 92.86 5.26
62. 31 dic. 2020 6.90% 3.71% 34.14 6.73 15.16
63. 31 ene. 2021 4.62% -1.11% 12.71 4.98 -7.96
64. 28 feb. 2021 -7.88% 2.61% 79.99 2.22 -13.34
65. 31 mar. 2021 1.17% 4.24% 0.01 9.77 0.36
66. 30 abr. 2021 2.33% 5.24% 1.61 17.01 5.23
67. 31 may. 2021 -2.78% 0.55% 14.75 0.32 2.19
68. 30 jun. 2021 0.88% 2.22% 0.03 1.22 -0.20
69. 31 jul. 2021 5.16% 2.27% 16.85 1.34 4.75
70. 31 ago. 2021 -1.58% 2.90% 6.98 3.17 -4.71
71. 30 sept. 2021 -2.01% -4.76% 9.40 34.51 18.01
Total (Σ): 2,401.77 1,226.33 898.82

Mostrar todo

VarianzaBDX = Σ(RBDX,tRBDX)2 ÷ (71 – 1)
= 2,401.77 ÷ (71 – 1)
= 34.31

VarianzaS&P 500 = Σ(RS&P 500,tRS&P 500)2 ÷ (71 – 1)
= 1,226.33 ÷ (71 – 1)
= 17.52

CovarianzaBDX, S&P 500 = Σ(RBDX,tRBDX)×(RS&P 500,tRS&P 500) ÷ (71 – 1)
= 898.82 ÷ (71 – 1)
= 12.84


Estimación sistemática del riesgo (β)

Microsoft Excel LibreOffice Calc
VarianzaBDX 34.31
VarianzaS&P 500 17.52
CovarianzaBDX, S&P 500 12.84
Coeficiente de correlaciónBDX, S&P 5001 0.52
βBDX2 0.73
αBDX3 0.24%

Cálculos

1 Coeficiente de correlaciónBDX, S&P 500
= CovarianzaBDX, S&P 500 ÷ (Desviación estándarBDX × Desviación estándarS&P 500)
= 12.84 ÷ (5.86% × 4.19%)
= 0.52

2 βBDX
= CovarianzaBDX, S&P 500 ÷ VarianzaS&P 500
= 12.84 ÷ 17.52
= 0.73

3 αBDX
= PromedioBDX – βBDX × PromedioS&P 500
= 1.06%0.73 × 1.12%
= 0.24%


Tasa de rendimiento esperada

Microsoft Excel LibreOffice Calc
Suposiciones
Tasa de rendimiento de LT Treasury Composite1 RF 3.24%
Tasa de rendimiento esperada de la cartera de mercado2 E(RM) 13.06%
Riesgo sistemático de acciones ordinarias BD βBDX 0.73
 
Tasa de rendimiento esperada de las acciones ordinarias de BD3 E(RBDX) 10.44%

1 Promedio no ponderado de los rendimientos de las ofertas en todos los bonos del Tesoro de los Estados Unidos con cupón fijo pendientes, ni vencidos ni exigibles en menos de 10 años (proxy de tasa de rendimiento libre de riesgo).

2 Ver detalles »

3 E(RBDX) = RF + βBDX [E(RM) – RF]
= 3.24% + 0.73 [13.06%3.24%]
= 10.44%