Name

DAX 30 PERFORMANCE - PRICE INDEX return

log return dax
Code
DAXINDX(PI)
9/26/1998
4561.58
10/26/1998
4577.74
0.35%
0.35%
11/26/1998
5051.63
10.35%
9.85%
12/26/1998
4951.77
-1.98%
-2.00%
1/26/1999
4986.8
0.71%
0.70%
2/26/1999
4911.81
-1.50%
-1.52%
3/26/1999
4775.17
-2.78%
-2.82%
4/26/1999
5256.22
10.07%
9.60%
5/26/1999
5160.44
-1.82%
-1.84%
6/26/1999
5301.21
2.73%
2.69%
7/26/1999
5206.44
-1.79%
-1.80%
8/26/1999
5389.34
3.51%
3.45%
9/26/1999
5190.2
-3.70%
-3.77%
10/26/1999
5388.76
3.83%
3.75%
11/26/1999
5958.07
10.56%
10.04%
12/26/1999
6782.39
13.84%
12.96%
1/26/2000
6969.37
2.76%
2.72%
2/26/2000
7738.68
11.04%
10.47%
3/26/2000
7932.42
2.50%
2.47%
4/26/2000
7388.55
-6.86%
-7.10%
5/26/2000
6938.33
-6.09%
-6.29%
6/26/2000
7027.19
1.28%
1.27%
7/26/2000
7302.12
3.91%
3.84%
8/26/2000
7307.17
0.07%
0.07%
9/26/2000
6765.04
-7.42%
-7.71%
10/26/2000
6767.9
0.04%
0.04%
11/26/2000
6664.18
-1.53%
-1.54%
12/26/2000
6251.4
-6.19%
-6.39%
1/26/2001
6695.2
7.10%
6.86%
2/26/2001
6189.07
-7.56%
-7.86%
3/26/2001
5726.97
-7.47%
-7.76%
4/26/2001
6123.66
6.93%
6.70%
5/26/2001
6223.57
1.63%
1.62%
6/26/2001
5847.79
-6.04%
-6.23%
7/26/2001
5675.76
-2.94%
-2.99%
8/26/2001
5387.5
-5.08%
-5.21%
9/26/2001
4095.32 -23.98%
-27.42%
10/26/2001
4820.26
17.70%
16.30%
11/26/2001
5114.12
6.10%
5.92%
12/26/2001
5019.01
-1.86%
-1.88%
1/26/2002
5156.63
2.74%
2.71%
2/26/2002
4897.75
-5.02%
-5.15%
3/26/2002
5390.59
10.06%
9.59%
4/26/2002
5000.38
-7.24%
-7.51%
5/26/2002
4899.13
-2.02%
-2.05%
6/26/2002
4099.05 -16.33%
-17.83%
7/26/2002
3579 -12.69%
-13.57%
8/26/2002
3783.84
5.72%
5.57%
9/26/2002
3020.6 -20.17%
-22.53%
10/26/2002
3102.01
2.70%
2.66%

11/26/2002
12/26/2002
1/26/2003
2/26/2003
3/26/2003
4/26/2003
5/26/2003
6/26/2003
7/26/2003
8/26/2003
9/26/2003
10/26/2003
11/26/2003
12/26/2003
1/26/2004
2/26/2004
3/26/2004
4/26/2004
5/26/2004
6/26/2004
7/26/2004
8/26/2004
9/26/2004
10/26/2004
11/26/2004
12/26/2004
1/26/2005
2/26/2005
3/26/2005
4/26/2005
5/26/2005
6/26/2005
7/26/2005
8/26/2005
9/26/2005
10/26/2005
11/26/2005
12/26/2005
1/26/2006
2/26/2006
3/26/2006
4/26/2006
5/26/2006
6/26/2006
7/26/2006
8/26/2006
9/26/2006
10/26/2006
11/26/2006
12/26/2006
1/26/2007
2/26/2007

3191.63
3000.84
2717.82
2450.2
2579.33
2838.23
2828.28
3241.22
3356.89
3455.48
3324.85
3452.64
3712.98
3903.34
4128.68
4007.81
3822.33
4125.83
3867.52
4013.35
3752.59
3832.28
3910.3
3862.26
4154.27
4251.62
4214.12
4348.64
4343.6
4233.76
4436.6
4566.48
4843.49
4783.8
4998.16
4900.79
5194.27
5419.05
5548.91
5870.79
5973.14
6107.12
5788.36
5514.63
5583.1
5811.47
5960.63
6284.19
6411.96
6503.13
6690.34
7027.59

2.89%
-5.98%
-9.43%
-9.85%
5.27%
10.04%
-0.35%
14.60%
3.57%
2.94%
-3.78%
3.84%
7.54%
5.13%
5.77%
-2.93%
-4.63%
7.94%
-6.26%
3.77%
-6.50%
2.12%
2.04%
-1.23%
7.56%
2.34%
-0.88%
3.19%
-0.12%
-2.53%
4.79%
2.93%
6.07%
-1.23%
4.48%
-1.95%
5.99%
4.33%
2.40%
5.80%
1.74%
2.24%
-5.22%
-4.73%
1.24%
4.09%
2.57%
5.43%
2.03%
1.42%
2.88%
5.04%

2.85%
-6.16%
-9.91%
-10.37%
5.14%
9.57%
-0.35%
13.63%
3.51%
2.89%
-3.85%
3.77%
7.27%
5.00%
5.61%
-2.97%
-4.74%
7.64%
-6.47%
3.70%
-6.72%
2.10%
2.02%
-1.24%
7.29%
2.32%
-0.89%
3.14%
-0.12%
-2.56%
4.68%
2.89%
5.89%
-1.24%
4.38%
-1.97%
5.82%
4.24%
2.37%
5.64%
1.73%
2.22%
-5.36%
-4.84%
1.23%
4.01%
2.53%
5.29%
2.01%
1.41%
2.84%
4.92%

3/26/2007
4/26/2007
5/26/2007
6/26/2007
7/26/2007
8/26/2007
9/26/2007
10/26/2007
11/26/2007
12/26/2007
1/26/2008
2/26/2008
3/26/2008
4/26/2008
5/26/2008
6/26/2008
7/26/2008
8/26/2008
9/26/2008

6828.82
7387.02
7739.2
7860.52
7508.96
7507.27
7804.15
7949.17
7567.36
8002.67
6816.74
6985.97
6489.26
6896.58
6953.84
6459.6
6436.71
6340.52
6063.5

-2.83%
8.17%
4.77%
1.57%
-4.47%
-0.02%
3.95%
1.86%
-4.80%
5.75%
-14.82%
2.48%
-7.11%
6.28%
0.83%
-7.11%
-0.35%
-1.49%
-4.37%

-2.87%
7.86%
4.66%
1.56%
-4.58%
-0.02%
3.88%
1.84%
-4.92%
5.59%
-16.04%
2.45%
-7.38%
6.09%
0.83%
-7.37%
-0.35%
-1.51%
-4.47%

Name
DWS INVESTMENT DEUTSCHE AKN.TYP O
%
Code
138709 Return
log return dws
9/26/1998
119
10/26/1998
119.9
0.76%
0.75%
11/26/1998
133.45
11.30%
10.71%
12/26/1998
130.4
-2.29%
-2.31%
1/26/1999
133.63
2.48%
2.45%
2/26/1999
131.56
-1.55%
-1.56%
3/26/1999
129.76
-1.37%
-1.38%
4/26/1999
143.06
10.25%
9.76%
5/26/1999
141.82
-0.87%
-0.87%
6/26/1999
148.21
4.51%
4.41%
7/26/1999
148.11
-0.07%
-0.07%
8/26/1999
151.17
2.07%
2.04%
9/26/1999
143.4
-5.14%
-5.28%
10/26/1999
147.53
2.88%
2.84%
11/26/1999
169.08
14.61%
13.63%
12/26/1999
198.06
17.14%
15.82%
1/26/2000
210.67
6.37%
6.17%
2/26/2000
240.66
14.24%
13.31%
3/26/2000
246.89
2.59%
2.56%
4/26/2000
234.17
-5.15%
-5.29%
5/26/2000
212.5
-9.25%
-9.71%
6/26/2000
219.88
3.47%
3.41%
7/26/2000
228.59
3.96%
3.88%
8/26/2000
229.77
0.52%
0.51%
9/26/2000
215.56
-6.18%
-6.38%
10/26/2000
212.22
-1.55%
-1.56%
11/26/2000
200.81
-5.38%
-5.53%
12/26/2000
189.42
-5.67%
-5.84%
1/26/2001
200.22
5.70%
5.54%
2/26/2001
185.83
-7.19%
-7.46%
3/26/2001
172.47
-7.19%
-7.46%
4/26/2001
185.32
7.45%
7.19%
5/26/2001
190.15
2.61%
2.57%
6/26/2001
176.42
-7.22%
-7.49%
7/26/2001
169.64
-3.84%
-3.92%
8/26/2001
165.67
-2.34%
-2.37%
9/26/2001
129.26 -21.98%
-24.82%
10/26/2001
149.72
15.83%
14.69%
11/26/2001
164.34
9.76%
9.32%
12/26/2001
155.69
-5.26%
-5.41%
1/26/2002
162.72
4.52%
4.42%
2/26/2002
155.05
-4.71%
-4.83%
3/26/2002
167.3
7.90%
7.60%
4/26/2002
158.34
-5.36%
-5.50%
5/26/2002
155
-2.11%
-2.13%
6/26/2002
129.73 -16.30%
-17.80%
7/26/2002
112.57 -13.23%
-14.19%
8/26/2002
125.15
11.18%
10.59%
9/26/2002
99.2 -20.74%
-23.24%
10/26/2002
101.7
2.52%
2.49%
11/26/2002
110.09
8.25%
7.93%
12/26/2002
100.62
-8.60%
-8.99%
1/26/2003
93.72
-6.86%
-7.10%
2/26/2003
82.75 -11.71%
-12.45%

3/26/2003
4/26/2003
5/26/2003
6/26/2003
7/26/2003
8/26/2003
9/26/2003
10/26/2003
11/26/2003
12/26/2003
1/26/2004
2/26/2004
3/26/2004
4/26/2004
5/26/2004
6/26/2004
7/26/2004
8/26/2004
9/26/2004
10/26/2004
11/26/2004
12/26/2004
1/26/2005
2/26/2005
3/26/2005
4/26/2005
5/26/2005
6/26/2005
7/26/2005
8/26/2005
9/26/2005
10/26/2005
11/26/2005
12/26/2005
1/26/2006
2/26/2006
3/26/2006
4/26/2006
5/26/2006
6/26/2006
7/26/2006
8/26/2006
9/26/2006
10/26/2006
11/26/2006
12/26/2006
1/26/2007
2/26/2007
3/26/2007
4/26/2007
5/26/2007
6/26/2007
7/26/2007
8/26/2007
9/26/2007
10/26/2007

88.87
97.31
97.35
110.36
115.49
121.21
114.72
119.2
128.48
130.18
138.96
134.72
127.44
135.06
125.4
127.93
121.5
120.59
122.27
120.88
129.43
133.1
133.52
137.35
137.83
135.42
139.76
146.53
154.64
154.88
158.94
155.49
165.97
173.55
180.24
191.48
196.07
201.38
187.12
179.37
179.54
187.32
192.59
204.66
208.62
213.88
220.02
232.99
228.32
246.14
254.88
259.98
251.38
245.21
253.69
258.14

7.40%
9.50%
0.04%
13.36%
4.65%
4.95%
-5.35%
3.91%
7.79%
1.32%
6.74%
-3.05%
-5.40%
5.98%
-7.15%
2.02%
-5.03%
-0.75%
1.39%
-1.14%
7.07%
2.84%
0.32%
2.87%
0.35%
-1.75%
3.20%
4.84%
5.53%
0.16%
2.62%
-2.17%
6.74%
4.57%
3.85%
6.24%
2.40%
2.71%
-7.08%
-4.14%
0.09%
4.33%
2.81%
6.27%
1.93%
2.52%
2.87%
5.89%
-2.00%
7.80%
3.55%
2.00%
-3.31%
-2.45%
3.46%
1.75%

7.14%
9.07%
0.04%
12.54%
4.54%
4.83%
-5.50%
3.83%
7.50%
1.31%
6.53%
-3.10%
-5.56%
5.81%
-7.42%
2.00%
-5.16%
-0.75%
1.38%
-1.14%
6.83%
2.80%
0.32%
2.83%
0.35%
-1.76%
3.15%
4.73%
5.39%
0.16%
2.59%
-2.19%
6.52%
4.47%
3.78%
6.05%
2.37%
2.67%
-7.34%
-4.23%
0.09%
4.24%
2.77%
6.08%
1.92%
2.49%
2.83%
5.73%
-2.02%
7.52%
3.49%
1.98%
-3.36%
-2.49%
3.40%
1.74%

11/26/2007
12/26/2007
1/26/2008
2/26/2008
3/26/2008
4/26/2008
5/26/2008
6/26/2008
7/26/2008
8/26/2008
9/26/2008

242.74
253.89
223.01
227.12
207.16
223.55
227.41
212.48
200.32
201.06
182.63

-5.97%
4.59%
-12.16%
1.84%
-8.79%
7.91%
1.73%
-6.57%
-5.72%
0.37%
-9.17%

-6.15%
4.49%
-12.97%
1.83%
-9.20%
7.61%
1.71%
-6.79%
-5.89%
0.37%
-9.61%

Name
BD FIBOR - 3 MONTH (MTH.AVG.) %
Code
BDINTER3
9/15/1998
3.49
10/15/1998
3.57
11/15/1998
3.63
12/15/1998
3.37
1/15/1999
3.13
2/15/1999
3.09
3/15/1999
3.05
4/15/1999
2.7
5/15/1999
2.58
6/15/1999
2.62
7/15/1999
2.68
8/15/1999
2.7
9/15/1999
2.73
10/15/1999
3.38
11/15/1999
3.47
12/15/1999
3.44
1/15/2000
3.34
2/15/2000
3.54
3/15/2000
3.75
4/15/2000
3.93
5/15/2000
4.36
6/15/2000
4.5
7/15/2000
4.58
8/15/2000
4.78
9/15/2000
4.85
10/15/2000
5.04
11/15/2000
5.09
12/15/2000
4.93
1/15/2001
4.77
2/15/2001
4.76
3/15/2001
4.71
4/15/2001
4.69
5/15/2001
4.64
6/15/2001
4.46
7/15/2001
4.47
8/15/2001
4.35
9/15/2001
3.98
10/15/2001
3.6
11/15/2001
3.39
12/15/2001
3.34
1/15/2002
3.34
2/15/2002
3.36
3/15/2002
3.39
4/15/2002
3.41
5/15/2002
3.46
6/15/2002
3.46
7/15/2002
3.41
8/15/2002
3.35
9/15/2002
3.31
10/15/2002
3.26

0.29%
0.30%
0.30%
0.28%
0.26%
0.26%
0.25%
0.23%
0.22%
0.22%
0.22%
0.23%
0.23%
0.28%
0.29%
0.29%
0.28%
0.30%
0.31%
0.33%
0.36%
0.38%
0.38%
0.40%
0.40%
0.42%
0.42%
0.41%
0.40%
0.40%
0.39%
0.39%
0.39%
0.37%
0.37%
0.36%
0.33%
0.30%
0.28%
0.28%
0.28%
0.28%
0.28%
0.28%
0.29%
0.29%
0.28%
0.28%
0.28%
0.27%

11/15/2002
12/15/2002
1/15/2003
2/15/2003
3/15/2003
4/15/2003
5/15/2003
6/15/2003
7/15/2003
8/15/2003
9/15/2003
10/15/2003
11/15/2003
12/15/2003
1/15/2004
2/15/2004
3/15/2004
4/15/2004
5/15/2004
6/15/2004
7/15/2004
8/15/2004
9/15/2004
10/15/2004
11/15/2004
12/15/2004
1/15/2005
2/15/2005
3/15/2005
4/15/2005
5/15/2005
6/15/2005
7/15/2005
8/15/2005
9/15/2005
10/15/2005
11/15/2005
12/15/2005
1/15/2006
2/15/2006
3/15/2006
4/15/2006
5/15/2006
6/15/2006
7/15/2006
8/15/2006
9/15/2006
10/15/2006
11/15/2006
12/15/2006
1/15/2007
2/15/2007

3.12
2.94
2.83
2.69
2.53
2.53
2.4
2.15
2.13
2.14
2.15
2.14
2.16
2.15
2.09
2.07
2.03
2.05
2.09
2.11
2.12
2.11
2.12
2.15
2.17
2.17
2.15
2.14
2.14
2.14
2.13
2.11
2.12
2.13
2.14
2.2
2.36
2.47
2.51
2.6
2.72
2.79
2.89
2.99
3.1
3.23
3.34
3.5
3.6
3.68
3.75
3.82

0.26%
0.25%
0.24%
0.22%
0.21%
0.21%
0.20%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.17%
0.17%
0.17%
0.17%
0.17%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.20%
0.21%
0.21%
0.22%
0.23%
0.23%
0.24%
0.25%
0.26%
0.27%
0.28%
0.29%
0.30%
0.31%
0.31%
0.32%

3/15/2007
4/15/2007
5/15/2007
6/15/2007
7/15/2007
8/15/2007
9/15/2007
10/15/2007
11/15/2007
12/15/2007
1/15/2008
2/15/2008
3/15/2008
4/15/2008
5/15/2008
6/15/2008
7/15/2008
8/15/2008
9/15/2008 #NA

3.89
3.98
4.07
4.15
4.22
4.54
4.74
4.69
4.64
4.85
4.48
4.36
4.6
4.78
4.86
4.94
4.96
4.97

0.32%
0.33%
0.34%
0.35%
0.35%
0.38%
0.40%
0.39%
0.39%
0.40%
0.37%
0.36%
0.38%
0.40%
0.41%
0.41%
0.41%
0.41%

10/26/1998
11/26/1998
12/26/1998
1/26/1999
2/26/1999
3/26/1999
4/26/1999
5/26/1999
6/26/1999
7/26/1999
8/26/1999
9/26/1999
10/26/1999
11/26/1999
12/26/1999
1/26/2000
2/26/2000
3/26/2000
4/26/2000
5/26/2000
6/26/2000
7/26/2000
8/26/2000
9/26/2000
10/26/2000
11/26/2000
12/26/2000
1/26/2001
2/26/2001
3/26/2001
4/26/2001
5/26/2001
6/26/2001
7/26/2001
8/26/2001
9/26/2001
10/26/2001
11/26/2001
12/26/2001
1/26/2002
2/26/2002
3/26/2002
4/26/2002
5/26/2002
6/26/2002
7/26/2002
8/26/2002
9/26/2002
10/26/2002
11/26/2002

FIBOR
DAX
0.30%
0.35%
0.30%
10.35%
0.28%
-1.98%
0.26%
0.26%
0.25%
0.23%
0.22%
0.22%
0.22%
0.23%
0.23%
0.28%
0.29%
0.29%
0.28%
0.30%
0.31%
0.33%
0.36%
0.38%
0.38%
0.40%
0.40%
0.42%
0.42%
0.41%
0.40%
0.40%
0.39%
0.39%
0.39%
0.37%
0.37%
0.36%
0.33%
0.30%
0.28%
0.28%
0.28%
0.28%
0.28%
0.28%
0.29%
0.29%
0.28%
0.28%
0.28%
0.27%
0.26%

0.71%
-1.50%
-2.78%
10.07%
-1.82%
2.73%
-1.79%
3.51%
-3.70%
3.83%
10.56%
13.84%
2.76%
11.04%
2.50%
-6.86%
-6.09%
1.28%
3.91%
0.07%
-7.42%
0.04%
-1.53%
-6.19%
7.10%
-7.56%
-7.47%
6.93%
1.63%
-6.04%
-2.94%
-5.08%
-23.98%
17.70%
6.10%
-1.86%
2.74%
-5.02%
10.06%
-7.24%
-2.02%
-16.33%
-12.69%
5.72%
-20.17%
2.70%
2.89%

Fund
0.76%
11.30%
-2.29%
2.48%
-1.55%
-1.37%
10.25%
-0.87%
4.51%
-0.07%
2.07%
-5.14%
2.88%
14.61%
17.14%
6.37%
14.24%
2.59%
-5.15%
-9.25%
3.47%
3.96%
0.52%
-6.18%
-1.55%
-5.38%
-5.67%
5.70%
-7.19%
-7.19%
7.45%
2.61%
-7.22%
-3.84%
-2.34%
-21.98%
15.83%
9.76%
-5.26%
4.52%
-4.71%
7.90%
-5.36%
-2.11%
-16.30%
-13.23%
11.18%
-20.74%
2.52%
8.25%

12/26/2002
1/26/2003
2/26/2003
3/26/2003
4/26/2003
5/26/2003
6/26/2003
7/26/2003
8/26/2003
9/26/2003
10/26/2003
11/26/2003
12/26/2003
1/26/2004
2/26/2004
3/26/2004
4/26/2004
5/26/2004
6/26/2004
7/26/2004
8/26/2004
9/26/2004
10/26/2004
11/26/2004
12/26/2004
1/26/2005
2/26/2005
3/26/2005
4/26/2005
5/26/2005
6/26/2005
7/26/2005
8/26/2005
9/26/2005
10/26/2005
11/26/2005
12/26/2005
1/26/2006
2/26/2006
3/26/2006
4/26/2006
5/26/2006
6/26/2006
7/26/2006
8/26/2006
9/26/2006
10/26/2006
11/26/2006
12/26/2006
1/26/2007
2/26/2007
3/26/2007

0.25%
0.24%
0.22%
0.21%
0.21%
0.20%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.17%
0.17%
0.17%
0.17%
0.17%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.20%
0.21%
0.21%
0.22%
0.23%
0.23%
0.24%
0.25%
0.26%
0.27%
0.28%
0.29%
0.30%
0.31%
0.31%
0.32%
0.32%

-5.98%
-9.43%
-9.85%
5.27%
10.04%
-0.35%
14.60%
3.57%
2.94%
-3.78%
3.84%
7.54%
5.13%
5.77%
-2.93%
-4.63%
7.94%
-6.26%
3.77%
-6.50%
2.12%
2.04%
-1.23%
7.56%
2.34%
-0.88%
3.19%
-0.12%
-2.53%
4.79%
2.93%
6.07%
-1.23%
4.48%
-1.95%
5.99%
4.33%
2.40%
5.80%
1.74%
2.24%
-5.22%
-4.73%
1.24%
4.09%
2.57%
5.43%
2.03%
1.42%
2.88%
5.04%
-2.83%

-8.60%
-6.86%
-11.71%
7.40%
9.50%
0.04%
13.36%
4.65%
4.95%
-5.35%
3.91%
7.79%
1.32%
6.74%
-3.05%
-5.40%
5.98%
-7.15%
2.02%
-5.03%
-0.75%
1.39%
-1.14%
7.07%
2.84%
0.32%
2.87%
0.35%
-1.75%
3.20%
4.84%
5.53%
0.16%
2.62%
-2.17%
6.74%
4.57%
3.85%
6.24%
2.40%
2.71%
-7.08%
-4.14%
0.09%
4.33%
2.81%
6.27%
1.93%
2.52%
2.87%
5.89%
-2.00%

0.33%
0.34%
0.35%
0.35%
0.38%
0.40%
0.39%
0.39%
0.40%
0.37%
0.36%
0.38%
0.40%
0.41%
0.41%
0.41%
0.41%

8.17%
4.77%
1.57%
-4.47%
-0.02%
3.95%
1.86%
-4.80%
5.75%
-14.82%
2.48%
-7.11%
6.28%
0.83%
-7.11%
-0.35%
-1.49%

7.80%
3.55%
2.00%
-3.31%
-2.45%
3.46%
1.75%
-5.97%
4.59%
-12.16%
1.84%
-8.79%
7.91%
1.73%
-6.57%
-5.72%
0.37%

Evolutia excesului de rentabilitate ale fondului ... intre

20%
15%
10%
5%
0%
pct.

4/26/2007
5/26/2007
6/26/2007
7/26/2007
8/26/2007
9/26/2007
10/26/2007
11/26/2007
12/26/2007
1/26/2008
2/26/2008
3/26/2008
4/26/2008
5/26/2008
6/26/2008
7/26/2008
8/26/2008

13

17

21

25

29

33

37

41

-5%

-10%
-15%
-20%
-25%
-30%

20%
15%
10%
5%

Evolutia excesului de rentabilitate ale fondului ... intre oct. 1989

5%

pct.

0%

10

13

16

19

22

25

28

31

34

37

40

43

46

49

52

55

58

61

64

67

70

73

-5%

-10%
-15%
-20%
-25%
-30%

ex.DAX

Ex. Fond

Excess Return Market Excess Return Fund

0.06%
0.46%
10.05%
11.00%
-2.26%
-2.57%
0.45%
-1.76%
-3.04%
9.85%
-2.04%
2.51%
-2.01%
3.29%
-3.92%
3.54%
10.28%
13.55%
2.48%
10.74%
2.19%
-7.18%
-6.46%
0.91%
3.53%
-0.33%
-7.82%
-0.38%
-1.96%
-6.60%
6.70%
-7.96%
-7.86%
6.54%
1.24%
-6.41%
-3.31%
-5.44%
-24.32%
17.40%
5.81%
-2.14%
2.46%
-5.30%
9.78%
-7.52%
-2.31%
-16.62%
-12.97%
5.44%
-20.45%
2.42%
2.63%

2.22%
-1.81%
-1.62%
10.02%
-1.08%
4.29%
-0.29%
1.84%
-5.37%
2.60%
14.32%
16.85%
6.09%
13.94%
2.28%
-5.48%
-9.62%
3.10%
3.58%
0.12%
-6.59%
-1.97%
-5.80%
-6.08%
5.30%
-7.58%
-7.58%
7.06%
2.22%
-7.59%
-4.22%
-2.70%
-22.31%
15.53%
9.48%
-5.54%
4.24%
-4.99%
7.62%
-5.64%
-2.40%
-16.59%
-13.51%
10.90%
-21.01%
2.25%
7.99%

Xup
0.06%
10.05%
0.00%

Xd
0.00%
0.00%
-2.26%

0.45%
0.00%
0.00%
9.85%
0.00%
2.51%
0.00%
3.29%
0.00%
3.54%
10.28%
13.55%
2.48%
10.74%
2.19%
0.00%
0.00%
0.91%
3.53%
0.00%
0.00%
0.00%
0.00%
0.00%
6.70%
0.00%
0.00%
6.54%
1.24%
0.00%
0.00%
0.00%
0.00%
17.40%
5.81%
0.00%
2.46%
0.00%
9.78%
0.00%
0.00%
0.00%
0.00%
5.44%
0.00%
2.42%
2.63%

0.00%
-1.76%
-3.04%
0.00%
-2.04%
0.00%
-2.01%
0.00%
-3.92%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-7.18%
-6.46%
0.00%
0.00%
-0.33%
-7.82%
-0.38%
-1.96%
-6.60%
0.00%
-7.96%
-7.86%
0.00%
0.00%
-6.41%
-3.31%
-5.44%
-24.32%
0.00%
0.00%
-2.14%
0.00%
-5.30%
0.00%
-7.52%
-2.31%
-16.62%
-12.97%
0.00%
-20.45%
0.00%
0.00%

R jt R ft

Rpt Rft = a + bu*X

SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
ANOVA
Regression
Residual
Total
Coefficients
Intercept
X Variable 1

Managerul nu are abilitate de

SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
ANOVA
Regression
Residual
Total
Coefficients
Xup
Xd

Intercept
X Variable 1
X Variable 2

-6.22%
-9.67%
-10.07%
5.06%
9.83%
-0.55%
14.42%
3.39%
2.76%
-3.96%
3.67%
7.36%
4.95%
5.60%
-3.10%
-4.80%
7.77%
-6.43%
3.59%
-6.67%
1.95%
1.86%
-1.41%
7.38%
2.16%
-1.06%
3.01%
-0.29%
-2.71%
4.61%
2.75%
5.89%
-1.41%
4.30%
-2.13%
5.79%
4.12%
2.19%
5.58%
1.52%
2.01%
-5.46%
-4.98%
0.98%
3.82%
2.29%
5.14%
1.73%
1.12%
2.57%
4.72%
-3.15%

-8.85%
-7.09%
-11.93%
7.18%
9.29%
-0.16%
13.18%
4.47%
4.77%
-5.53%
3.73%
7.61%
1.14%
6.57%
-3.22%
-5.57%
5.81%
-7.33%
1.84%
-5.20%
-0.92%
1.22%
-1.32%
6.89%
2.65%
0.14%
2.69%
0.17%
-1.93%
3.03%
4.67%
5.36%
-0.02%
2.44%
-2.35%
6.54%
4.36%
3.65%
6.02%
2.17%
2.48%
-7.32%
-4.39%
-0.16%
4.06%
2.54%
5.98%
1.63%
2.21%
2.56%
5.58%
-2.33%

0.00%
0.00%
0.00%
5.06%
9.83%
0.00%
14.42%
3.39%
2.76%
0.00%
3.67%
7.36%
4.95%
5.60%
0.00%
0.00%
7.77%
0.00%
3.59%
0.00%
1.95%
1.86%
0.00%
7.38%
2.16%
0.00%
3.01%
0.00%
0.00%
4.61%
2.75%
5.89%
0.00%
4.30%
0.00%
5.79%
4.12%
2.19%
5.58%
1.52%
2.01%
0.00%
0.00%
0.98%
3.82%
2.29%
5.14%
1.73%
1.12%
2.57%
4.72%
0.00%

-6.22%
-9.67%
-10.07%
0.00%
0.00%
-0.55%
0.00%
0.00%
0.00%
-3.96%
0.00%
0.00%
0.00%
0.00%
-3.10%
-4.80%
0.00%
-6.43%
0.00%
-6.67%
0.00%
0.00%
-1.41%
0.00%
0.00%
-1.06%
0.00%
-0.29%
-2.71%
0.00%
0.00%
0.00%
-1.41%
0.00%
-2.13%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-5.46%
-4.98%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-3.15%

Managerul nu are abilitate de

Bup > B down
Bup
1.04541095

t stat abatere < T Student teo

7.84%
4.43%
1.22%
-4.82%
-0.40%
3.56%
1.47%
-5.19%
5.35%
-15.19%
2.12%
-7.49%
5.88%
0.43%
-7.52%
-0.77%
-1.91%

7.47%
3.21%
1.66%
-3.66%
-2.83%
3.06%
1.36%
-6.35%
4.19%
-12.54%
1.48%
-9.17%
7.51%
1.32%
-6.98%
-6.14%
-0.04%

7.84%
4.43%
1.22%
0.00%
0.00%
3.56%
1.47%
0.00%
5.35%
0.00%
2.12%
0.00%
5.88%
0.43%
0.00%
0.00%
0.00%

0.00%
0.00%
0.00%
-4.82%
-0.40%
0.00%
0.00%
-5.19%
0.00%
-15.19%
0.00%
-7.49%
0.00%
0.00%
-7.52%
-0.77%
-1.91%

lui de rentabilitate ale fondului ... intre oct. 1989 -aug.2008

Evolutia cotatiilor DAX si ale fondu

20%
15%
10%
5%

45

49

53

57

61

65

69

73

77

81

85

89

93

97

101 105 109 113 117

0%
1
pct.

41

-5%

-10%
-15%
-20%
-25%
ex.DAX

Ex. Fond

ului ... intre oct. 1989 -aug.2008

luni

-30%

13

19

25

31

37

73

Ex. Fond

76

79

82

85

88

91

94

97

100 103 106 109 112 115 118

luni

R jt R ft a j b j ( Rmt R ft ) u jt

Rpt Rft = a + bu*Xut + bd*Xdt + upt

UMMARY OUTPUT
Regression Statistics
0.966218
0.933578
0.93301
0.017761
119

df

ex.fund=f(ex.market)

SS
MS
F
Significance F
1 0.51875 0.51875 1644.454
9.7E-71
117 0.036908 0.000315
118 0.555658

Coefficients
Standard Error t Stat
P-value Lower 95%Upper 95%Lower 95,0%
Upper 95,0%
0.001798 0.001629 1.103447 0.272098 -0.00143 0.005024 -0.00143 0.005024
1.007658 0.024849 40.55186
9.7E-71 0.958447 1.05687 0.958447 1.05687

Managerul nu are abilitate de selectie.

UMMARY OUTPUT
Regression Statistics
0.966424
0.933976
0.932837
0.017784
119

df

ex.fund=f(ups.market, downs market)

SS
MS
F
Significance F
2 0.518971 0.259486 820.4643 3.49E-69
116 0.036687 0.000316
118 0.555658
<5%
Coefficients
Standard Error t Stat
P-value Lower 95%Upper 95%Lower 95,0%
Upper 95,0%
0.000122 0.002583 0.047345 0.96232 -0.00499 0.005239 -0.00499 0.005239
1.045411 0.051544 20.28198
6E-40 0.943322
1.1475 0.943322
1.1475
0.979116 0.042235 23.18263 2.33E-45 0.895465 1.062768 0.895465 1.062768

Managerul nu are abilitate de selectie.

up > B down
Bdown
0.979116

stat abatere < T Student teoretica

Bup - B down
0.066295

abatere Bu-Bd
0.066637

t stat abat t Statistic teoretic

0.994857 1.980626

Managerul nu are abilitate de programare.

cotatiilor DAX si ale fondului ..... intre oct. 1998-aug. 2008

37

43

49

DAX

55

61

67

73

Fond

79

85

91

97

103 109 115

luni

10/26/1998
11/26/1998
12/26/1998
1/26/1999
2/26/1999
3/26/1999
4/26/1999
5/26/1999
6/26/1999
7/26/1999
8/26/1999
9/26/1999
10/26/1999
11/26/1999
12/26/1999
1/26/2000
2/26/2000
3/26/2000
4/26/2000
5/26/2000
6/26/2000
7/26/2000
8/26/2000
9/26/2000
10/26/2000
11/26/2000
12/26/2000
1/26/2001
2/26/2001
3/26/2001
4/26/2001
5/26/2001
6/26/2001
7/26/2001
8/26/2001
9/26/2001
10/26/2001
11/26/2001
12/26/2001
1/26/2002
2/26/2002
3/26/2002
4/26/2002
5/26/2002
6/26/2002
7/26/2002
8/26/2002
9/26/2002
10/26/2002
11/26/2002

ex_ret_mk ex_ret_fund log return dax x log return dws y fibor/12

0.06%
0.46%
0.35%
0.75%
0.29%
9.55%
10.41%
9.85%
10.71%
0.30%
-2.30%
-2.61%
-2.00%
-2.31%
0.30%
0.42%
2.17%
0.70%
2.45%
0.28%
-1.78%
-1.82%
-1.52%
-1.56%
0.26%
-3.08%
-1.64%
-2.82%
-1.38%
0.26%
9.34%
9.50%
9.60%
9.76%
0.25%
-2.06%
-1.10%
-1.84%
-0.87%
0.23%
2.48%
4.19%
2.69%
4.41%
0.22%
-2.02%
-0.29%
-1.80%
-0.07%
0.22%
3.23%
1.82%
3.45%
2.04%
0.22%
-3.99%
-5.50%
-3.77%
-5.28%
0.23%
3.53%
2.61%
3.75%
2.84%
0.23%
9.76%
13.35%
10.04%
13.63%
0.28%
12.67%
15.53%
12.96%
15.82%
0.29%
2.43%
5.89%
2.72%
6.17%
0.29%
10.19%
13.03%
10.47%
13.31%
0.28%
2.18%
2.26%
2.47%
2.56%
0.30%
-7.42%
-5.60%
-7.10%
-5.29%
0.31%
-6.61%
-10.04%
-6.29%
-9.71%
0.33%
0.91%
3.05%
1.27%
3.41%
0.36%
3.46%
3.51%
3.84%
3.88%
0.38%
-0.31%
0.13%
0.07%
0.51%
0.38%
-8.11%
-6.78%
-7.71%
-6.38%
0.40%
-0.36%
-1.97%
0.04%
-1.56%
0.40%
-1.96%
-5.95%
-1.54%
-5.53%
0.42%
-6.82%
-6.26%
-6.39%
-5.84%
0.42%
6.45%
5.13%
6.86%
5.54%
0.41%
-8.26%
-7.86%
-7.86%
-7.46%
0.40%
-8.16%
-7.86%
-7.76%
-7.46%
0.40%
6.30%
6.79%
6.70%
7.19%
0.39%
1.23%
2.18%
1.62%
2.57%
0.39%
-6.61%
-7.88%
-6.23%
-7.49%
0.39%
-3.36%
-4.29%
-2.99%
-3.92%
0.37%
-5.58%
-2.74%
-5.21%
-2.37%
0.37%
-27.79%
-25.18%
-27.42%
-24.82%
0.36%
15.97%
14.36%
16.30%
14.69%
0.33%
5.62%
9.02%
5.92%
9.32%
0.30%
-2.16%
-5.69%
-1.88%
-5.41%
0.28%
2.43%
4.14%
2.71%
4.42%
0.28%
-5.43%
-5.11%
-5.15%
-4.83%
0.28%
9.31%
7.32%
9.59%
7.60%
0.28%
-7.80%
-5.79%
-7.51%
-5.50%
0.28%
-2.33%
-2.42%
-2.05%
-2.13%
0.28%
-18.12%
-18.09%
-17.83%
-17.80%
0.29%
-13.86%
-14.48%
-13.57%
-14.19%
0.29%
5.28%
10.31%
5.57%
10.59%
0.28%
-22.81%
-23.52%
-22.53%
-23.24%
0.28%
2.38%
2.21%
2.66%
2.49%
0.28%
2.58%
7.66%
2.85%
7.93%
0.27%

12/26/2002
1/26/2003
2/26/2003
3/26/2003
4/26/2003
5/26/2003
6/26/2003
7/26/2003
8/26/2003
9/26/2003
10/26/2003
11/26/2003
12/26/2003
1/26/2004
2/26/2004
3/26/2004
4/26/2004
5/26/2004
6/26/2004
7/26/2004
8/26/2004
9/26/2004
10/26/2004
11/26/2004
12/26/2004
1/26/2005
2/26/2005
3/26/2005
4/26/2005
5/26/2005
6/26/2005
7/26/2005
8/26/2005
9/26/2005
10/26/2005
11/26/2005
12/26/2005
1/26/2006
2/26/2006
3/26/2006
4/26/2006
5/26/2006
6/26/2006
7/26/2006
8/26/2006
9/26/2006
10/26/2006
11/26/2006
12/26/2006
1/26/2007
2/26/2007
3/26/2007

-6.42%
-10.15%
-10.60%
4.91%
9.35%
-0.56%
13.43%
3.33%
2.72%
-4.03%
3.59%
7.09%
4.82%
5.43%
-3.15%
-4.91%
7.47%
-6.64%
3.53%
-6.89%
1.92%
1.84%
-1.41%
7.11%
2.14%
-1.07%
2.96%
-0.29%
-2.74%
4.50%
2.71%
5.71%
-1.42%
4.21%
-2.15%
5.63%
4.04%
2.16%
5.43%
1.51%
1.99%
-5.59%
-5.09%
0.98%
3.75%
2.27%
5.01%
1.72%
1.11%
2.53%
4.61%
-3.19%

-9.25%
-7.35%
-12.68%
6.91%
8.86%
-0.17%
12.34%
4.36%
4.66%
-5.68%
3.65%
7.32%
1.13%
6.35%
-3.27%
-5.73%
5.64%
-7.59%
1.82%
-5.33%
-0.93%
1.21%
-1.32%
6.66%
2.62%
0.13%
2.65%
0.17%
-1.94%
2.98%
4.55%
5.21%
-0.02%
2.41%
-2.37%
6.34%
4.27%
3.58%
5.84%
2.15%
2.45%
-7.58%
-4.47%
-0.15%
3.98%
2.51%
5.80%
1.62%
2.19%
2.52%
5.42%
-2.34%

-6.16%
-9.91%
-10.37%
5.14%
9.57%
-0.35%
13.63%
3.51%
2.89%
-3.85%
3.77%
7.27%
5.00%
5.61%
-2.97%
-4.74%
7.64%
-6.47%
3.70%
-6.72%
2.10%
2.02%
-1.24%
7.29%
2.32%
-0.89%
3.14%
-0.12%
-2.56%
4.68%
2.89%
5.89%
-1.24%
4.38%
-1.97%
5.82%
4.24%
2.37%
5.64%
1.73%
2.22%
-5.36%
-4.84%
1.23%
4.01%
2.53%
5.29%
2.01%
1.41%
2.84%
4.92%
-2.87%

-8.99%
-7.10%
-12.45%
7.14%
9.07%
0.04%
12.54%
4.54%
4.83%
-5.50%
3.83%
7.50%
1.31%
6.53%
-3.10%
-5.56%
5.81%
-7.42%
2.00%
-5.16%
-0.75%
1.38%
-1.14%
6.83%
2.80%
0.32%
2.83%
0.35%
-1.76%
3.15%
4.73%
5.39%
0.16%
2.59%
-2.19%
6.52%
4.47%
3.78%
6.05%
2.37%
2.67%
-7.34%
-4.23%
0.09%
4.24%
2.77%
6.08%
1.92%
2.49%
2.83%
5.73%
-2.02%

0.26%
0.25%
0.24%
0.22%
0.21%
0.21%
0.20%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.17%
0.17%
0.17%
0.17%
0.17%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.18%
0.20%
0.21%
0.21%
0.22%
0.23%
0.23%
0.24%
0.25%
0.26%
0.27%
0.28%
0.29%
0.30%
0.31%
0.31%
0.32%

4/26/2007
5/26/2007
6/26/2007
7/26/2007
8/26/2007
9/26/2007
10/26/2007
11/26/2007
12/26/2007
1/26/2008
2/26/2008
3/26/2008
4/26/2008
5/26/2008
6/26/2008
7/26/2008
8/26/2008

7.53%
4.33%
1.22%
-4.92%
-0.37%
3.50%
1.45%
-5.31%
5.21%
-16.44%
2.08%
-7.74%
5.70%
0.43%
-7.78%
-0.77%
-1.92%

7.19%
3.16%
1.64%
-3.71%
-2.84%
3.02%
1.34%
-6.54%
4.10%
-13.37%
1.45%
-9.56%
7.23%
1.31%
-7.20%
-6.30%
-0.04%

7.86%
4.66%
1.56%
-4.58%
-0.02%
3.88%
1.84%
-4.92%
5.59%
-16.04%
2.45%
-7.38%
6.09%
0.83%
-7.37%
-0.35%
-1.51%

7.52%
3.49%
1.98%
-3.36%
-2.49%
3.40%
1.74%
-6.15%
4.49%
-12.97%
1.83%
-9.20%
7.61%
1.71%
-6.79%
-5.89%
0.37%

0.32%
0.33%
0.34%
0.35%
0.35%
0.38%
0.40%
0.39%
0.39%
0.40%
0.37%
0.36%
0.38%
0.40%
0.41%
0.41%
0.41%

xu

xd
0.06%
9.55%
0.00%
0.42%
0.00%
0.00%
9.34%
0.00%
2.48%
0.00%
3.23%
0.00%
3.53%
9.76%
12.67%
2.43%
10.19%
2.18%
0.00%
0.00%
0.91%
3.46%
0.00%
0.00%
0.00%
0.00%
0.00%
6.45%
0.00%
0.00%
6.30%
1.23%
0.00%
0.00%
0.00%
0.00%
15.97%
5.62%
0.00%
2.43%
0.00%
9.31%
0.00%
0.00%
0.00%
0.00%
5.28%
0.00%
2.38%
2.58%

0.00%
0.00%
-2.30%
0.00%
-1.78%
-3.08%
0.00%
-2.06%
0.00%
-2.02%
0.00%
-3.99%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-7.42%
-6.61%
0.00%
0.00%
-0.31%
-8.11%
-0.36%
-1.96%
-6.82%
0.00%
-8.26%
-8.16%
0.00%
0.00%
-6.61%
-3.36%
-5.58%
-27.79%
0.00%
0.00%
-2.16%
0.00%
-5.43%
0.00%
-7.80%
-2.33%
-18.12%
-13.86%
0.00%
-22.81%
0.00%
0.00%

SUMMARY OUTPUT
Regression Statistics
Multiple R
0.9680
R Square
0.9370
Adjusted R Square
0.9365
Standard Error
0.0176
Observations
119
ANOVA
df
Regression
Residual
Total

Intercept
X Variable 1

SS

MS

1
117
118

0.5388
0.0362
0.5750

0.5388
0.0003

Coefficients
0.0016
1.0008

Standard Error
0.0016
0.0240

t Stat
1.0169
41.7170

Alfa lui Jensen nu este semnificativa.

Managerul nu are abilitate de selectie.

SUMMARY OUTPUT
Regression Statistics
Multiple R
0.968299295
R Square
0.937603526
Adjusted R Square
0.936527724
Standard Error 0.017587005
Observations
119
ANOVA
df
Regression
Residual
Total

Intercept
Xup X Variable 1
Xd X Variable 2

2
116
118

SS
0.53913926
0.03587912
0.575018379

MS
0.26956963
0.000309303

Coefficients
-0.000432801
1.051445009
0.969402968

Standard Error
0.002542711
0.053708667
0.03821611

t Stat
-0.170212639
19.57682177
25.36634319

0.00%
0.00%
0.00%
4.91%
9.35%
0.00%
13.43%
3.33%
2.72%
0.00%
3.59%
7.09%
4.82%
5.43%
0.00%
0.00%
7.47%
0.00%
3.53%
0.00%
1.92%
1.84%
0.00%
7.11%
2.14%
0.00%
2.96%
0.00%
0.00%
4.50%
2.71%
5.71%
0.00%
4.21%
0.00%
5.63%
4.04%
2.16%
5.43%
1.51%
1.99%
0.00%
0.00%
0.98%
3.75%
2.27%
5.01%
1.72%
1.11%
2.53%
4.61%
0.00%

-6.42%
-10.15%
-10.60%
0.00%
0.00%
-0.56%
0.00%
0.00%
0.00%
-4.03%
0.00%
0.00%
0.00%
0.00%
-3.15%
-4.91%
0.00%
-6.64%
0.00%
-6.89%
0.00%
0.00%
-1.41%
0.00%
0.00%
-1.07%
0.00%
-0.29%
-2.74%
0.00%
0.00%
0.00%
-1.42%
0.00%
-2.15%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-5.59%
-5.09%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-3.19%

Alfa lui Jensen nu este semnificativa.

Managerul nu are abilitate de selectie.
Bup

Bd
1.0514

Bup-Bd
0.9694

0.0820

Abatere Bup-Bd
0.065917312

Evolutia renabilitatilor logaritmice ale DAX si ale Fundului ... intre oct '98 si aug ;08

Evolutia renabilitatilor logaritmice ale DAX si ale Fundului ... intre oct '98 si aug ;08

0.00%
0.00%
0.00%
-4.92%
-0.37%
0.00%
0.00%
-5.31%
0.00%
-16.44%
0.00%
-7.74%
0.00%
0.00%
-7.78%
-0.77%
-1.92%

20%
15%
10%
5%
Procente

0%

-5%

11

16

21

26

31

36

41

46

51

56

61

66

71

76

81

-10%
-15%
-20%
-25%
-30%

DAX

Luni

DWS

Evolutia cotatiilor DAX si ale fondului ..... intre oct. 1998

20%
15%
10%
5%
0%
1
pct.

7.53%
4.33%
1.22%
0.00%
0.00%
3.50%
1.45%
0.00%
5.21%
0.00%
2.08%
0.00%
5.70%
0.43%
0.00%
0.00%
0.00%

13

17

21

25

29

33

37

41

45

49

53

57

61

65

-5%
-10%
-15%
-20%
-25%
-30%
DAX

Fond

69

F
Significance F
1740.3086
0.0000

P-value
0.3113
0.0000

Lower 95%
-0.0016
0.9533

Upper 95%
0.0048
1.0483

Lower 95,0%
Upper 95,0%
-0.0016
0.0048
0.9533
1.0483

Upper 95%
0.004603357
1.157821789
1.045094787

Lower 95,0%
Upper 95,0%
-0.00546896 0.004603357
0.945068229 1.157821789
0.893711149 1.045094787

F
Significance F
871.539697 1.31608E-70

P-value
0.86513943
1.4491E-38
3.7469E-49

Lower 95%
-0.00546896
0.945068229
0.893711149

t stat
t stat teoretic
1.24462054 1.980626002

ului ... intre oct '98 si aug ;08

ului ... intre oct '98 si aug ;08

81

86

91

96

101 106 111 116

..... intre oct. 1998-aug. 2008

69

73

77

81

85

89

93

97 101 105 109 113 117

luni