BANK OF AMERICA; capm model ;

SUMMARY OUTPUT
Regression Statistics
Multiple R	0.050591691
R Square	0.002559519
Adjusted R Square	-0.005822334
Standard Error	35.17568915
Observations	121
ANOVA
	df	SS	MS	F	Significance F
Regression	1	377.8362312	377.8362312	0.305364376	0.581575315
Residual	119	147242.1638	1237.329107
Total	120	147620
	Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%	Lower 95.0%	Upper 95.0%
Intercept	59.60464056	3.207676179	18.58187586	5.59274E-37	53.25312135	65.95615976	53.25312135	65.95615976
Mkt-RF	0.181688721	0.328790138	0.552597843	0.581575315	-0.469348591	0.832726034	-0.469348591	0.832726034

SUMMARY OUTPUT

FAMA-FRENCH MPODEL

Regression Statistics

Multiple R

0.153468959

R Square

0.023552721

Adjusted R Square

-0.001484388

Standard Error

35.09975373

Observations

121

ANOVA

df

SS

MS

F

Significance F

Regression

3

3476.852744

1158.950915

0.940712476

0.423419225

Residual

117

144143.1473

1231.992712

Total

120

147620

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Lower 95.0%

Upper 95.0%

Intercept

59.39160622

3.203757813

18.53810734

1.28928E-36

53.04673175

65.73648069

53.04673175

65.73648069

Mkt-RF

0.04822114

0.439056338

0.109829048

0.912733113

-0.82130693

0.91774921

-0.82130693

0.91774921

SMB

1.072225636

0.69124833

1.551143908

0.12356803

-0.29675546

2.441206731

-0.29675546

2.441206731

HML

-0.040951505

0.646005863

-0.063391848

0.949562654

-1.320332265

1.238429254

-1.320332265

1.238429254

CORRELATION:

Correlations
	BAC - RF	Mkt-RF	SMB	HML
BAC - RF	1
Mkt-RF	0.079318082	1
SMB	0.124893133	0.384491275	1
HML	-0.086753727	0.293272836	0.151756912	1

PROCTER & GAMBLE: pg

capm model

SUMMARY OUTPUT
				Critical t- and F-values
Regression Statistics				Confidence	t-value	F-Value
Multiple R	0.479714324			90.0%	1.658	2.749
R Square	0.230125833			95.0%	1.980	3.921
Adjusted R Square	0.223601476			99.0%	2.618	6.855
Standard Error	3.897899098
Observations	120
ANOVA
	df	SS	MS	F	Significance F
Regression	1	535.9062462	535.9062462	35.27180084	2.96134E-08
Residual	118	1792.84685	15.19361738
Total	119	2328.753096
	Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%	Lower 95.0%	Upper 95.0%
Intercept	0.362047809	0.358806279	1.009034206	0.315022855	-0.348486308	1.072581925	-0.348486308	1.072581925
Mkt-RF	0.468773247	0.078931254	5.939006722	2.96134E-08	0.312467876	0.625078619	0.312467876	0.625078619

FAMA FRENCH MODEL

SUMMARY OUTPUT
				Critical t- and F-values
Regression Statistics				Confidence	t-value	F-Value
Multiple R	0.548568843			90.0%	1.658	2.132
R Square	0.300927775			95.0%	1.981	2.683
Adjusted R Square	0.282848321			99.0%	2.619	3.955
Standard Error	3.746224085
Observations	120
ANOVA
	df	SS	MS	F	Significance F
Regression	3	700.7864883	233.5954961	16.64473793	4.64284E-09
Residual	116	1627.966608	14.0341949
Total	119	2328.753096
	Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%	Lower 95.0%	Upper 95.0%
Intercept	0.357971069	0.346029054	1.034511596	0.303048949	-0.327383073	1.043325211	-0.327383073	1.043325211
Mkt-RF	0.53040269	0.085028547	6.237936678	7.44847E-09	0.36199294	0.698812441	0.36199294	0.698812441
SMB	-0.509401341	0.163616294	-3.113390048	0.002329797	-0.833464027	-0.185338655	-0.833464027	-0.185338655
HML	0.239039072	0.148585848	1.60876069	0.110386975	-0.055253923	0.533332067	-0.055253923	0.533332067

CORRELATION:

	PG-RF	Mkt-RF	SMB	HML
PG-RF	1
Mkt-RF	0.482963376	1
SMB	-0.026395124	0.386009181	1
HML	0.242217098	0.291998245	0.156468375	1