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The table lists the monthly total returns on Adobe Systems Inc. common stock and the market rates of return for a 24-month period. Observation Month
The table lists the monthly total returns on Adobe Systems Inc. common stock and the market rates of return for a 24-month period.
| Observation | Month | Adobe rate of return (%) | Market rate of return (%) |
| 1 | Aug 2014 | 3.83 | 4.18 |
| 2 | Sep 2014 | -3.77 | -2.11 |
| 3 | Oct 2014 | 1.34 | 2.74 |
| 4 | Nov 2014 | 5.08 | 2.43 |
| 5 | Dec 2014 | -1.33 | -0.01 |
| 6 | Jan 2015 | -3.54 | -2.77 |
| 7 | Feb 2015 | 12.79 | 5.78 |
| 8 | Mar 2015 | -6.52 | -1.01 |
| 9 | Apr 2015 | 2.87 | 0.42 |
| 10 | May 2015 | 3.98 | 1.39 |
| 11 | Jun 2015 | 2.43 | -1.70 |
| 12 | Jul 2015 | 1.21 | 1.65 |
| 13 | Aug 2015 | -4.17 | -6.00 |
| 14 | Sep 2015 | 4.65 | -2.95 |
| 15 | Oct 2015 | 7.83 | 7.86 |
| 16 | Nov 2015 | 3.16 | 0.56 |
| 17 | Dec 2015 | 2.71 | -2.04 |
| 18 | Jan 2016 | -5.12 | -5.67 |
| 19 | Feb 2016 | -4.47 | -0.02 |
| 20 | Mar 2016 | 10.16 | 7.03 |
| 21 | Apr 2016 | 0.45 | 0.63 |
| 22 | May 2016 | 5.57 | 1.79 |
| 23 | Jun 2016 | -3.70 | 0.23 |
| 24 | Jul 2016 | 2.16 | 3.97 |
Estimate beta to two decimal places for Adobe based on this data.
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