Use the data to estimate the alpha of Nike and HP Inc stock.

Monthly Returns Date Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nike -3.442% 7.941% -14.624% 8.745% 2.587% 6.915% 0.189% -3.882% |-0.958% 12.677% -0.176% 0.572% 7.907% 3.779% 0.815% 3.163% -2.977% - 18.857% 6.345% 4.681% -2.516% -3.719% 6.675% 6.299% 4.748% 1.147% 8.355% 7.778% -2.720% 3.276% - 1.193% 0.175% 15.632% 4.295% HP Inc. 8.527% -4.509% -5.913% -1.465% -7.406% -2.301% -3.379% -25.988% -13.292% 18.530% 5.036% -7.406% 8.618% -9.543% -5.373% 3.903% -8.401% -10.750% -9.299% -7.456% 1.848% -18.816% -6.209% 10.716% 15.860% 21.987% 19.027% -13.591% 18.544% 2.150% 3.548% -13.006% -5.394% 16.103% S&P 500 2.330% 3.474% -0.005% 2.896% -1.121% -1.706% -2.000% -5.498% |-6.910% 10.915% -0.406% 1.024% 4.637% 4.341% 3.214% -0.668% -6.006% 4.045% 1.183% 2.505% 2.543% -1.820% 0.566% 0.902% 5.119% 1.276% 3.795% 1.921% 2.361% -1.340% 5.168% -2.999% 3.176% 4.631% Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 4.461% -0.329% -7.363% 7.811% -5.671% |-1.232% 5.757% 0.832% -0.542% 2.152% 13.558% 4.226% 6.798% -2.880% -4.056% 5.583% |3.305% -1.485% 3.147% 6.246% 6.665% -3.012% 10.291% 6.554% 0.954% -5.262% 12.228% 2.834% 3.645% 3.034% 8.785% 2.163% 1.331% 1.015% 5.730% 6.712% -6.237% 1.156% 8.863% 3.149% -9.968% -3.570% -10.103% 5.809% 1.304% -9.623% 1.699% -8.060% -8.104% 5.271% 2.422% -4.593% 2.964% 2.580% -3.525% 4.552% 0.829% 0.695% 2.321% 2.064% -1.344% 3.946% -1.371% 2.355% 2.747% -0.253% -2.963% 5.620% -1.566% 0.983% 1.286% -2.018% 2.259% -6.095% -2.533% 8.506% 0.366% -1.729% Monthly Returns Date Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nike -3.442% 7.941% -14.624% 8.745% 2.587% 6.915% 0.189% -3.882% |-0.958% 12.677% -0.176% 0.572% 7.907% 3.779% 0.815% 3.163% -2.977% - 18.857% 6.345% 4.681% -2.516% -3.719% 6.675% 6.299% 4.748% 1.147% 8.355% 7.778% -2.720% 3.276% - 1.193% 0.175% 15.632% 4.295% HP Inc. 8.527% -4.509% -5.913% -1.465% -7.406% -2.301% -3.379% -25.988% -13.292% 18.530% 5.036% -7.406% 8.618% -9.543% -5.373% 3.903% -8.401% -10.750% -9.299% -7.456% 1.848% -18.816% -6.209% 10.716% 15.860% 21.987% 19.027% -13.591% 18.544% 2.150% 3.548% -13.006% -5.394% 16.103% S&P 500 2.330% 3.474% -0.005% 2.896% -1.121% -1.706% -2.000% -5.498% |-6.910% 10.915% -0.406% 1.024% 4.637% 4.341% 3.214% -0.668% -6.006% 4.045% 1.183% 2.505% 2.543% -1.820% 0.566% 0.902% 5.119% 1.276% 3.795% 1.921% 2.361% -1.340% 5.168% -2.999% 3.176% 4.631% Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 4.461% -0.329% -7.363% 7.811% -5.671% |-1.232% 5.757% 0.832% -0.542% 2.152% 13.558% 4.226% 6.798% -2.880% -4.056% 5.583% |3.305% -1.485% 3.147% 6.246% 6.665% -3.012% 10.291% 6.554% 0.954% -5.262% 12.228% 2.834% 3.645% 3.034% 8.785% 2.163% 1.331% 1.015% 5.730% 6.712% -6.237% 1.156% 8.863% 3.149% -9.968% -3.570% -10.103% 5.809% 1.304% -9.623% 1.699% -8.060% -8.104% 5.271% 2.422% -4.593% 2.964% 2.580% -3.525% 4.552% 0.829% 0.695% 2.321% 2.064% -1.344% 3.946% -1.371% 2.355% 2.747% -0.253% -2.963% 5.620% -1.566% 0.983% 1.286% -2.018% 2.259% -6.095% -2.533% 8.506% 0.366% -1.729%