Eco Petrol

No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51

Fecha 20160623 20160624 20160627 20160628 20160629 20160630 20160701 20160705 20160706 20160707 20160708 20160711 20160712 20160713 20160714 20160715 20160718 20160719 20160721 20160722 20160725 20160726 20160727 20160728 20160729 20160801 20160802 20160803 20160804 20160805 20160808 20160809 20160810 20160811 20160812 20160816 20160817 20160818 20160819 20160822 20160823 20160824 20160825 20160826 20160829 20160830 20160831 20160901 20160902 20160905 20160906

00 01 02 03 04 05 COLCAP PFBCOLOM GRUPOSURA ECOPETROL NUTRESA GRUPOARGOS 1,329.58 26,200.00 38,060.00 1,410.00 25,220.00 18,660.00 1,317.71 25,680.00 38,200.00 1,400.00 24,900.00 18,640.00 1,302.39 25,300.00 37,620.00 1,370.00 24,980.00 18,380.00 1,303.28 25,340.00 37,780.00 1,385.00 25,000.00 18,240.00 1,311.52 25,620.00 38,060.00 1,395.00 25,060.00 18,400.00 1,313.18 25,480.00 38,300.00 1,395.00 25,100.00 18,500.00 1,312.98 25,700.00 37,940.00 1,405.00 25,100.00 18,500.00 1,303.46 25,400.00 38,080.00 1,370.00 24,840.00 18,500.00 1,310.00 25,420.00 38,500.00 1,370.00 25,000.00 18,600.00 1,301.76 25,380.00 38,040.00 1,355.00 25,000.00 18,600.00 1,297.64 25,320.00 37,660.00 1,350.00 24,840.00 18,580.00 1,306.76 25,540.00 38,200.00 1,370.00 24,880.00 18,740.00 1,320.30 25,780.00 38,740.00 1,390.00 25,280.00 18,800.00 1,325.79 25,780.00 39,220.00 1,395.00 25,320.00 18,860.00 1,332.85 25,860.00 39,380.00 1,410.00 25,600.00 19,080.00 1,339.60 26,040.00 39,680.00 1,400.00 25,760.00 19,500.00 1,339.00 25,980.00 39,800.00 1,410.00 25,700.00 19,480.00 1,337.80 25,960.00 39,980.00 1,390.00 25,500.00 19,500.00 1,328.61 26,000.00 39,840.00 1,365.00 25,680.00 19,040.00 1,332.85 26,160.00 39,900.00 1,360.00 25,600.00 19,140.00 1,323.41 25,860.00 39,700.00 1,335.00 25,520.00 18,900.00 1,315.69 25,800.00 38,800.00 1,340.00 25,560.00 18,900.00 1,321.65 26,120.00 39,060.00 1,325.00 25,580.00 19,080.00 1,317.44 26,000.00 38,980.00 1,295.00 25,520.00 19,020.00 1,308.22 26,300.00 38,320.00 1,300.00 25,220.00 18,500.00 1,306.02 26,020.00 38,620.00 1,250.00 25,140.00 18,620.00 1,303.35 26,080.00 38,580.00 1,205.00 25,140.00 18,680.00 1,304.62 26,300.00 38,000.00 1,235.00 25,160.00 18,500.00 1,307.59 26,360.00 38,200.00 1,240.00 25,300.00 18,700.00 1,309.48 26,500.00 38,280.00 1,230.00 25,300.00 18,600.00 1,314.34 26,500.00 38,400.00 1,260.00 25,260.00 18,800.00 1,323.93 26,900.00 38,660.00 1,240.00 25,420.00 18,900.00 1,322.33 26,960.00 38,560.00 1,225.00 25,520.00 18,900.00 1,327.89 27,180.00 38,480.00 1,230.00 25,560.00 19,000.00 1,323.66 27,180.00 38,500.00 1,220.00 25,560.00 18,820.00 1,342.69 27,380.00 38,620.00 1,275.00 26,000.00 19,240.00 1,348.89 27,320.00 38,860.00 1,320.00 25,880.00 19,340.00 1,348.01 27,180.00 38,560.00 1,330.00 26,000.00 19,500.00 1,349.79 27,720.00 38,620.00 1,320.00 25,920.00 19,460.00 1,349.21 28,080.00 38,700.00 1,290.00 25,900.00 19,220.00 1,358.62 28,180.00 38,860.00 1,330.00 25,900.00 19,380.00 1,369.65 28,280.00 39,080.00 1,325.00 26,080.00 19,600.00 1,370.82 28,360.00 38,700.00 1,325.00 26,100.00 19,700.00 1,373.42 28,640.00 39,000.00 1,320.00 25,900.00 19,640.00 1,371.99 28,560.00 38,860.00 1,320.00 26,000.00 19,420.00 1,373.85 28,640.00 39,180.00 1,325.00 26,160.00 19,500.00 1,380.18 29,100.00 38,640.00 1,320.00 26,120.00 19,720.00 1,379.41 29,260.00 38,620.00 1,295.00 26,140.00 19,800.00 1,394.38 29,880.00 38,980.00 1,320.00 26,000.00 20,000.00 1,397.92 29,780.00 39,000.00 1,345.00 26,100.00 20,200.00 1,402.83 29,760.00 39,360.00 1,340.00 26,060.00 20,360.00

52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104

20160907 20160908 20160909 20160912 20160913 20160914 20160915 20160916 20160919 20160920 20160921 20160922 20160923 20160926 20160927 20160928 20160929 20160930 20161003 20161004 20161005 20161006 20161007 20161010 20161011 20161012 20161013 20161014 20161018 20161019 20161020 20161021 20161024 20161025 20161026 20161027 20161028 20161031 20161101 20161102 20161103 20161104 20161108 20161109 20161110 20161111 20161115 20161116 20161117 20161118 20161121 20161122 20161123

1,417.57 1,416.16 1,397.90 1,386.73 1,367.18 1,373.22 1,373.44 1,354.63 1,354.67 1,341.36 1,341.29 1,358.03 1,351.60 1,346.67 1,333.85 1,354.98 1,345.00 1,338.83 1,330.57 1,335.10 1,341.33 1,343.44 1,348.20 1,350.33 1,358.07 1,354.61 1,354.40 1,346.07 1,355.72 1,364.02 1,361.15 1,362.97 1,359.20 1,356.98 1,357.49 1,359.70 1,360.96 1,365.53 1,370.75 1,368.45 1,356.01 1,345.66 1,354.91 1,354.68 1,319.51 1,299.03 1,297.07 1,300.09 1,305.81 1,307.44 1,312.87 1,307.21 1,308.87

30,200.00 29,940.00 29,780.00 29,700.00 29,220.00 29,020.00 29,280.00 28,200.00 28,200.00 27,720.00 27,600.00 28,000.00 27,800.00 27,680.00 27,260.00 28,320.00 28,100.00 27,940.00 27,640.00 27,800.00 27,820.00 27,640.00 28,060.00 27,800.00 28,180.00 28,040.00 28,280.00 28,100.00 28,300.00 28,460.00 28,600.00 28,660.00 28,660.00 28,440.00 28,540.00 28,500.00 28,600.00 28,540.00 29,140.00 29,060.00 29,060.00 28,520.00 28,680.00 28,380.00 27,520.00 27,140.00 26,860.00 26,900.00 26,820.00 26,820.00 26,500.00 26,120.00 26,500.00

39,880.00 39,680.00 39,040.00 38,820.00 38,420.00 38,720.00 38,820.00 38,800.00 38,600.00 38,200.00 38,000.00 38,800.00 38,500.00 38,700.00 38,380.00 38,420.00 38,160.00 37,620.00 37,640.00 38,020.00 38,400.00 38,300.00 38,020.00 38,380.00 38,500.00 38,700.00 38,540.00 38,080.00 38,280.00 38,300.00 38,300.00 38,500.00 38,380.00 38,140.00 38,000.00 38,200.00 38,480.00 38,780.00 38,600.00 38,380.00 38,000.00 37,800.00 38,000.00 38,140.00 37,000.00 35,960.00 35,500.00 35,500.00 36,180.00 36,420.00 36,720.00 36,700.00 36,960.00

1,365.00 1,400.00 1,360.00 1,335.00 1,300.00 1,275.00 1,265.00 1,230.00 1,220.00 1,205.00 1,235.00 1,245.00 1,215.00 1,205.00 1,170.00 1,230.00 1,245.00 1,250.00 1,265.00 1,275.00 1,310.00 1,325.00 1,315.00 1,340.00 1,325.00 1,315.00 1,325.00 1,315.00 1,345.00 1,370.00 1,340.00 1,345.00 1,340.00 1,330.00 1,335.00 1,340.00 1,315.00 1,310.00 1,330.00 1,310.00 1,300.00 1,300.00 1,310.00 1,325.00 1,280.00 1,270.00 1,295.00 1,275.00 1,280.00 1,280.00 1,315.00 1,315.00 1,300.00

26,060.00 25,960.00 25,360.00 25,320.00 25,020.00 25,220.00 25,300.00 26,300.00 25,800.00 25,760.00 25,580.00 25,700.00 25,700.00 25,500.00 25,300.00 25,640.00 25,460.00 25,340.00 25,420.00 25,500.00 25,720.00 25,580.00 25,360.00 25,400.00 25,500.00 25,140.00 25,480.00 25,360.00 25,300.00 25,340.00 25,340.00 25,140.00 25,180.00 25,300.00 25,260.00 25,360.00 25,200.00 25,180.00 25,000.00 25,120.00 24,620.00 24,520.00 24,500.00 24,340.00 24,000.00 23,700.00 23,600.00 23,800.00 23,800.00 24,000.00 23,800.00 23,780.00 23,780.00

20,480.00 20,460.00 20,080.00 19,860.00 19,480.00 19,880.00 19,680.00 19,200.00 19,160.00 19,080.00 19,100.00 19,500.00 19,360.00 19,520.00 19,060.00 19,040.00 19,140.00 18,620.00 18,440.00 18,280.00 18,620.00 18,800.00 18,980.00 19,180.00 19,400.00 19,300.00 19,140.00 18,660.00 19,000.00 19,080.00 18,860.00 19,000.00 18,800.00 18,780.00 18,780.00 18,980.00 19,180.00 19,500.00 19,400.00 19,400.00 18,920.00 18,900.00 19,100.00 19,180.00 18,720.00 18,200.00 18,260.00 18,780.00 18,740.00 18,800.00 19,000.00 19,000.00 18,740.00

105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157

20161124 20161125 20161128 20161129 20161130 20161201 20161202 20161205 20161206 20161207 20161209 20161212 20161213 20161214 20161215 20161216 20161219 20161220 20161221 20161222 20161223 20161226 20161227 20161228 20161229 20170102 20170103 20170104 20170105 20170106 20170110 20170111 20170112 20170113 20170116 20170117 20170118 20170119 20170120 20170123 20170124 20170125 20170126 20170127 20170130 20170131 20170201 20170202 20170203 20170206 20170207 20170208 20170209

1,308.94 1,295.67 1,289.97 1,271.11 1,286.07 1,297.33 1,306.56 1,314.74 1,316.82 1,314.38 1,324.80 1,323.19 1,335.46 1,325.78 1,339.89 1,341.58 1,340.08 1,345.87 1,342.25 1,340.06 1,330.31 1,341.31 1,339.06 1,353.65 1,351.68 1,345.89 1,354.82 1,373.04 1,377.88 1,374.08 1,372.50 1,375.14 1,369.64 1,369.62 1,361.05 1,361.48 1,360.54 1,359.60 1,354.35 1,355.43 1,366.91 1,365.24 1,371.38 1,372.59 1,364.90 1,357.47 1,357.83 1,366.79 1,369.79 1,367.92 1,360.65 1,350.27 1,345.97

26,400.00 26,140.00 25,900.00 25,640.00 26,000.00 26,320.00 26,600.00 26,820.00 26,860.00 26,820.00 26,980.00 27,000.00 27,300.00 26,900.00 27,800.00 27,680.00 27,240.00 27,100.00 26,980.00 27,200.00 26,940.00 27,180.00 26,920.00 27,460.00 27,180.00 27,120.00 27,640.00 27,860.00 27,840.00 27,840.00 28,280.00 28,380.00 28,180.00 27,920.00 27,700.00 27,720.00 27,840.00 27,660.00 27,660.00 27,660.00 27,740.00 27,780.00 28,160.00 27,780.00 27,620.00 27,560.00 27,580.00 27,840.00 27,800.00 27,800.00 27,480.00 27,280.00 27,220.00

36,740.00 36,480.00 36,400.00 35,300.00 35,500.00 35,900.00 36,300.00 36,640.00 36,380.00 35,680.00 36,660.00 36,300.00 37,000.00 37,000.00 37,480.00 37,400.00 38,000.00 38,420.00 38,240.00 37,640.00 36,500.00 37,140.00 37,500.00 38,100.00 38,200.00 37,980.00 38,000.00 38,800.00 38,600.00 38,500.00 38,200.00 38,300.00 38,200.00 38,480.00 37,860.00 38,040.00 38,380.00 38,500.00 38,260.00 38,400.00 38,840.00 38,880.00 38,820.00 39,100.00 39,300.00 39,000.00 39,060.00 39,460.00 39,480.00 39,440.00 39,300.00 38,800.00 38,260.00

1,300.00 1,290.00 1,285.00 1,240.00 1,320.00 1,325.00 1,320.00 1,315.00 1,315.00 1,305.00 1,320.00 1,345.00 1,350.00 1,340.00 1,350.00 1,380.00 1,385.00 1,385.00 1,380.00 1,355.00 1,335.00 1,355.00 1,365.00 1,380.00 1,380.00 1,360.00 1,380.00 1,400.00 1,415.00 1,395.00 1,390.00 1,410.00 1,400.00 1,405.00 1,400.00 1,400.00 1,390.00 1,395.00 1,385.00 1,400.00 1,400.00 1,385.00 1,390.00 1,390.00 1,370.00 1,375.00 1,395.00 1,390.00 1,385.00 1,375.00 1,355.00 1,355.00 1,355.00

23,800.00 23,420.00 23,300.00 22,820.00 22,860.00 23,020.00 23,320.00 23,180.00 23,340.00 23,500.00 23,800.00 24,100.00 24,320.00 24,380.00 24,380.00 24,480.00 24,660.00 24,920.00 24,900.00 24,980.00 24,960.00 24,960.00 24,920.00 24,900.00 24,900.00 24,900.00 24,840.00 24,980.00 25,060.00 24,960.00 24,860.00 24,860.00 24,760.00 24,620.00 24,420.00 24,360.00 24,220.00 24,260.00 24,000.00 24,180.00 24,200.00 24,400.00 24,260.00 24,600.00 24,340.00 24,060.00 23,900.00 24,100.00 24,380.00 24,000.00 23,800.00 23,720.00 24,000.00

18,900.00 18,340.00 18,500.00 18,200.00 18,020.00 18,300.00 18,340.00 18,540.00 18,560.00 18,240.00 18,480.00 18,400.00 18,860.00 18,700.00 18,700.00 18,460.00 18,660.00 18,640.00 18,800.00 18,900.00 18,900.00 19,100.00 18,800.00 19,500.00 19,280.00 19,000.00 19,120.00 19,700.00 19,680.00 19,740.00 19,680.00 19,520.00 19,500.00 19,600.00 19,320.00 19,460.00 19,500.00 19,440.00 19,480.00 19,360.00 19,780.00 19,600.00 19,680.00 19,600.00 19,420.00 19,360.00 19,500.00 19,800.00 19,900.00 19,940.00 19,900.00 19,500.00 19,240.00

158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210

20170210 20170213 20170214 20170215 20170216 20170217 20170220 20170221 20170222 20170223 20170224 20170227 20170228 20170301 20170302 20170303 20170306 20170307 20170308 20170309 20170310 20170313 20170314 20170315 20170316 20170317 20170321 20170322 20170323 20170324 20170327 20170328 20170329 20170330 20170331 20170403 20170404 20170405 20170406 20170407 20170410 20170411 20170412 20170417 20170418 20170419 20170420 20170421 20170424 20170425 20170426 20170427 20170428

1,347.40 1,351.36 1,320.97 1,334.88 1,344.46 1,341.83 1,340.99 1,336.52 1,331.20 1,341.65 1,333.57 1,334.45 1,326.31 1,328.63 1,326.81 1,329.58 1,334.02 1,332.81 1,324.54 1,330.35 1,335.67 1,342.42 1,317.98 1,329.96 1,342.21 1,337.29 1,343.97 1,351.16 1,359.19 1,355.53 1,356.01 1,363.61 1,364.61 1,369.88 1,365.61 1,368.39 1,368.12 1,371.46 1,370.05 1,368.98 1,375.90 1,374.43 1,378.28 1,371.98 1,371.75 1,363.44 1,363.34 1,362.33 1,366.49 1,372.42 1,374.66 1,362.45 1,371.54

27,240.00 27,300.00 26,840.00 27,300.00 27,640.00 27,340.00 27,400.00 27,200.00 27,400.00 27,820.00 27,240.00 27,680.00 27,300.00 27,520.00 27,400.00 27,580.00 27,640.00 27,540.00 27,600.00 27,400.00 27,600.00 27,880.00 27,100.00 27,360.00 27,660.00 27,560.00 27,880.00 28,500.00 28,500.00 28,460.00 28,780.00 29,140.00 28,800.00 29,060.00 28,700.00 29,100.00 29,080.00 29,200.00 28,860.00 28,700.00 29,060.00 29,040.00 28,720.00 28,920.00 28,560.00 28,000.00 28,220.00 28,360.00 28,660.00 29,000.00 28,960.00 28,500.00 28,720.00

38,260.00 38,480.00 37,660.00 38,000.00 38,440.00 38,740.00 38,500.00 38,100.00 37,700.00 37,500.00 37,220.00 36,880.00 36,580.00 36,780.00 36,920.00 36,820.00 37,340.00 37,280.00 37,040.00 37,480.00 37,900.00 38,300.00 37,800.00 38,260.00 38,500.00 38,000.00 38,500.00 38,860.00 39,280.00 39,040.00 38,900.00 39,100.00 39,200.00 39,100.00 39,080.00 38,900.00 39,000.00 38,920.00 39,000.00 39,280.00 39,500.00 39,120.00 39,360.00 38,720.00 39,200.00 39,100.00 38,900.00 38,900.00 38,920.00 38,900.00 39,080.00 38,440.00 38,900.00

1,380.00 1,375.00 1,365.00 1,365.00 1,360.00 1,350.00 1,355.00 1,345.00 1,310.00 1,335.00 1,320.00 1,335.00 1,320.00 1,310.00 1,315.00 1,320.00 1,320.00 1,330.00 1,295.00 1,310.00 1,315.00 1,315.00 1,290.00 1,315.00 1,320.00 1,300.00 1,325.00 1,320.00 1,320.00 1,315.00 1,305.00 1,325.00 1,340.00 1,340.00 1,350.00 1,350.00 1,355.00 1,350.00 1,355.00 1,365.00 1,385.00 1,390.00 1,400.00 1,370.00 1,375.00 1,375.00 1,380.00 1,365.00 1,360.00 1,365.00 1,380.00 1,340.00 1,360.00

24,000.00 24,040.00 23,800.00 23,940.00 24,040.00 24,040.00 24,280.00 24,280.00 24,200.00 24,160.00 23,780.00 23,700.00 23,600.00 23,460.00 23,200.00 23,120.00 23,700.00 23,860.00 23,960.00 23,920.00 24,100.00 23,780.00 23,380.00 23,260.00 23,900.00 24,000.00 23,800.00 23,620.00 23,980.00 24,060.00 23,980.00 24,000.00 24,160.00 24,380.00 24,380.00 24,360.00 24,360.00 24,300.00 24,300.00 24,120.00 24,120.00 24,300.00 24,380.00 24,360.00 24,400.00 24,400.00 24,420.00 24,360.00 24,160.00 24,220.00 24,180.00 24,280.00 24,420.00

19,220.00 19,600.00 19,280.00 19,440.00 19,660.00 19,700.00 19,660.00 19,760.00 19,580.00 19,800.00 19,860.00 19,880.00 19,760.00 19,880.00 19,800.00 19,860.00 19,840.00 19,920.00 19,760.00 19,900.00 19,900.00 19,960.00 19,640.00 19,740.00 20,140.00 20,000.00 19,900.00 19,960.00 20,160.00 20,000.00 19,980.00 19,960.00 20,140.00 20,260.00 20,240.00 20,260.00 20,220.00 20,480.00 20,420.00 20,400.00 20,360.00 20,280.00 20,440.00 20,360.00 20,400.00 20,420.00 20,400.00 20,400.00 20,260.00 20,580.00 20,500.00 20,300.00 20,400.00

211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247

20170502 20170503 20170504 20170505 20170508 20170509 20170510 20170511 20170512 20170515 20170516 20170517 20170518 20170519 20170522 20170523 20170524 20170525 20170526 20170530 20170531 20170601 20170602 20170605 20170606 20170607 20170608 20170609 20170612 20170613 20170614 20170615 20170616 20170620 20170621 20170622 20170623

1,373.17 1,370.13 1,376.63 1,384.92 1,403.19 1,407.13 1,414.84 1,421.84 1,443.56 1,458.09 1,449.37 1,437.84 1,429.41 1,436.19 1,436.81 1,444.14 1,446.19 1,444.39 1,448.93 1,444.09 1,439.48 1,442.83 1,441.81 1,445.06 1,456.53 1,451.37 1,450.26 1,450.45 1,446.91 1,450.43 1,456.73 1,456.39 1,464.77 1,450.82 1,436.70 1,435.57 1,435.12

29,280.00 29,160.00 29,560.00 29,660.00 30,200.00 30,680.00 31,140.00 31,460.00 31,600.00 31,800.00 32,160.00 31,880.00 31,660.00 32,140.00 32,040.00 32,200.00 32,260.00 32,000.00 32,120.00 31,900.00 32,260.00 32,240.00 32,200.00 32,520.00 32,980.00 32,500.00 32,780.00 32,600.00 32,800.00 33,140.00 33,500.00 33,400.00 34,200.00 34,280.00 33,000.00 32,180.00 32,140.00

38,640.00 38,420.00 38,940.00 39,000.00 39,300.00 39,260.00 39,300.00 39,500.00 40,000.00 40,200.00 39,800.00 39,860.00 39,740.00 38,600.00 39,000.00 39,200.00 39,180.00 39,200.00 39,380.00 39,380.00 38,600.00 38,980.00 38,780.00 38,800.00 39,000.00 38,900.00 38,720.00 38,900.00 38,800.00 38,900.00 39,000.00 39,180.00 38,940.00 38,620.00 38,780.00 38,960.00 38,800.00

1,335.00 1,355.00 1,345.00 1,365.00 1,385.00 1,380.00 1,380.00 1,375.00 1,445.00 1,480.00 1,450.00 1,410.00 1,410.00 1,435.00 1,425.00 1,420.00 1,405.00 1,390.00 1,395.00 1,375.00 1,335.00 1,345.00 1,335.00 1,375.00 1,400.00 1,370.00 1,350.00 1,370.00 1,360.00 1,365.00 1,350.00 1,340.00 1,365.00 1,325.00 1,325.00 1,350.00 1,340.00

24,440.00 24,420.00 24,400.00 24,600.00 25,020.00 25,140.00 25,340.00 25,340.00 25,800.00 25,940.00 25,940.00 25,760.00 25,820.00 26,100.00 25,800.00 25,760.00 25,760.00 25,780.00 25,920.00 25,880.00 25,840.00 25,880.00 25,880.00 25,880.00 26,000.00 26,160.00 26,260.00 26,260.00 26,180.00 26,100.00 26,080.00 26,220.00 26,000.00 26,000.00 25,800.00 25,700.00 25,900.00

20,300.00 20,200.00 20,180.00 20,500.00 20,800.00 20,760.00 20,700.00 20,800.00 21,200.00 21,260.00 20,980.00 20,800.00 20,540.00 20,740.00 20,660.00 21,000.00 21,120.00 21,220.00 21,400.00 21,240.00 20,940.00 21,000.00 21,200.00 21,200.00 21,040.00 21,380.00 21,040.00 21,240.00 21,020.00 21,000.00 21,400.00 21,240.00 21,400.00 20,940.00 21,000.00 21,200.00 20,860.00

06 07 BCOLOMBIA CEMARGOS 24,400.00 11,960.00 24,000.00 11,980.00 23,480.00 11,720.00 23,440.00 11,720.00 23,900.00 11,800.00 23,800.00 11,920.00 24,000.00 11,860.00 23,600.00 11,700.00 23,800.00 11,820.00 23,500.00 11,800.00 23,500.00 11,820.00 23,520.00 11,860.00 24,000.00 11,880.00 24,000.00 11,840.00 24,100.00 11,960.00 24,200.00 11,960.00 24,060.00 11,940.00 24,000.00 11,980.00 24,120.00 11,700.00 24,200.00 11,700.00 23,820.00 11,780.00 23,960.00 11,660.00 24,100.00 11,600.00 24,140.00 11,660.00 24,300.00 11,500.00 24,200.00 11,620.00 24,200.00 11,680.00 24,380.00 11,540.00 24,380.00 11,640.00 24,500.00 11,680.00 24,440.00 11,620.00 24,960.00 11,760.00 25,060.00 11,600.00 25,220.00 11,700.00 25,100.00 11,640.00 25,480.00 11,880.00 25,320.00 11,800.00 25,180.00 11,640.00 25,640.00 11,640.00 25,800.00 11,780.00 25,960.00 11,780.00 26,200.00 11,780.00 26,200.00 11,880.00 26,400.00 11,900.00 26,440.00 11,880.00 26,560.00 11,720.00 26,800.00 11,800.00 26,900.00 11,900.00 27,500.00 11,920.00 27,440.00 11,900.00 27,320.00 11,900.00

08 PFAVAL 1,175.00 1,175.00 1,165.00 1,160.00 1,170.00 1,180.00 1,180.00 1,165.00 1,170.00 1,175.00 1,170.00 1,170.00 1,170.00 1,180.00 1,175.00 1,175.00 1,180.00 1,170.00 1,170.00 1,195.00 1,175.00 1,170.00 1,180.00 1,180.00 1,170.00 1,175.00 1,175.00 1,175.00 1,185.00 1,180.00 1,180.00 1,190.00 1,195.00 1,195.00 1,195.00 1,200.00 1,230.00 1,235.00 1,210.00 1,220.00 1,240.00 1,250.00 1,235.00 1,240.00 1,240.00 1,225.00 1,250.00 1,255.00 1,265.00 1,265.00 1,265.00

09 ISA 8,900.00 8,900.00 8,800.00 8,790.00 8,810.00 8,940.00 8,920.00 8,920.00 9,000.00 8,820.00 8,800.00 8,950.00 9,100.00 9,170.00 9,200.00 9,180.00 9,130.00 9,190.00 9,100.00 9,190.00 9,120.00 9,100.00 9,130.00 9,150.00 9,090.00 9,130.00 9,160.00 9,100.00 9,170.00 9,270.00 9,350.00 9,410.00 9,400.00 9,480.00 9,450.00 9,700.00 9,670.00 9,650.00 9,610.00 9,620.00 9,700.00 9,800.00 9,860.00 9,890.00 9,880.00 9,820.00 9,900.00 9,860.00 9,850.00 9,900.00 9,970.00

INDICE P- ACCION COLCAP ECOPETROL 1329.58 1410 1317.71 1400 1302.39 1370 1303.28 1385 1311.52 1395 1313.18 1395 1312.98 1405 1303.46 1370 1310 1370 1301.76 1355 1297.64 1350 1306.76 1370 1320.3 1390 1325.79 1395 1332.85 1410 1339.6 1400 1339 1410 1337.8 1390 1328.61 1365 1332.85 1360 1323.41 1335 1315.69 1340 1321.65 1325 1317.44 1295 1308.22 1300 1306.02 1250 1303.35 1205 1304.62 1235 1307.59 1240 1309.48 1230 1314.34 1260 1323.93 1240 1322.33 1225 1327.89 1230 1323.66 1220 1342.69 1275 1348.89 1320 1348.01 1330 1349.79 1320 1349.21 1290 1358.62 1330 1369.65 1325 1370.82 1325 1373.42 1320 1371.99 1320 1373.85 1325 1380.18 1320 1379.41 1295 1394.38 1320 1397.92 1345 1402.83 1340

27,660.00 27,400.00 27,280.00 27,180.00 26,680.00 26,600.00 26,820.00 25,980.00 25,980.00 25,260.00 25,300.00 25,600.00 25,500.00 25,400.00 25,100.00 25,960.00 25,700.00 26,100.00 25,500.00 25,600.00 25,500.00 25,500.00 25,900.00 25,700.00 26,020.00 26,140.00 26,140.00 26,140.00 26,120.00 26,400.00 26,560.00 26,680.00 26,580.00 26,640.00 26,560.00 26,500.00 26,500.00 26,500.00 27,100.00 27,100.00 27,100.00 26,540.00 26,880.00 26,460.00 25,600.00 25,400.00 25,280.00 25,160.00 25,220.00 25,180.00 25,100.00 24,780.00 25,000.00

12,000.00 12,040.00 11,840.00 11,700.00 11,500.00 11,620.00 11,580.00 11,540.00 11,540.00 11,500.00 11,580.00 11,700.00 11,680.00 11,720.00 11,700.00 11,640.00 11,620.00 11,480.00 11,440.00 11,460.00 11,560.00 11,600.00 11,660.00 11,640.00 11,800.00 11,780.00 11,860.00 11,780.00 11,880.00 11,880.00 11,820.00 11,740.00 11,700.00 11,740.00 11,820.00 11,840.00 11,940.00 11,900.00 11,760.00 11,760.00 11,640.00 11,480.00 11,540.00 11,600.00 11,100.00 11,080.00 11,040.00 11,080.00 11,080.00 11,000.00 11,100.00 11,120.00 11,100.00

1,280.00 1,270.00 1,265.00 1,250.00 1,240.00 1,245.00 1,235.00 1,200.00 1,215.00 1,205.00 1,190.00 1,230.00 1,230.00 1,230.00 1,220.00 1,255.00 1,245.00 1,260.00 1,230.00 1,235.00 1,235.00 1,230.00 1,225.00 1,230.00 1,225.00 1,220.00 1,210.00 1,215.00 1,240.00 1,250.00 1,245.00 1,240.00 1,235.00 1,230.00 1,220.00 1,215.00 1,220.00 1,240.00 1,240.00 1,235.00 1,230.00 1,220.00 1,215.00 1,220.00 1,200.00 1,170.00 1,160.00 1,165.00 1,165.00 1,160.00 1,160.00 1,165.00 1,155.00

10,200.00 10,220.00 9,800.00 9,660.00 9,640.00 9,890.00 9,900.00 10,080.00 9,980.00 10,040.00 9,930.00 10,040.00 10,000.00 9,860.00 9,700.00 9,930.00 9,680.00 9,750.00 9,650.00 9,740.00 9,660.00 9,720.00 9,790.00 9,740.00 9,850.00 9,840.00 9,820.00 9,900.00 9,930.00 9,930.00 9,930.00 9,940.00 9,900.00 9,960.00 9,970.00 10,000.00 10,000.00 9,990.00 10,060.00 10,160.00 10,200.00 10,100.00 10,160.00 10,240.00 9,940.00 9,800.00 9,740.00 9,820.00 9,950.00 9,930.00 9,950.00 9,950.00 9,990.00

1417.57 1416.16 1397.9 1386.73 1367.18 1373.22 1373.44 1354.63 1354.67 1341.36 1341.29 1358.03 1351.6 1346.67 1333.85 1354.98 1345 1338.83 1330.57 1335.1 1341.33 1343.44 1348.2 1350.33 1358.07 1354.61 1354.4 1346.07 1355.72 1364.02 1361.15 1362.97 1359.2 1356.98 1357.49 1359.7 1360.96 1365.53 1370.75 1368.45 1356.01 1345.66 1354.91 1354.68 1319.51 1299.03 1297.07 1300.09 1305.81 1307.44 1312.87 1307.21 1308.87

1365 1400 1360 1335 1300 1275 1265 1230 1220 1205 1235 1245 1215 1205 1170 1230 1245 1250 1265 1275 1310 1325 1315 1340 1325 1315 1325 1315 1345 1370 1340 1345 1340 1330 1335 1340 1315 1310 1330 1310 1300 1300 1310 1325 1280 1270 1295 1275 1280 1280 1315 1315 1300

25,000.00 24,880.00 24,580.00 24,200.00 24,900.00 24,880.00 24,980.00 24,840.00 24,860.00 24,960.00 25,080.00 25,000.00 25,040.00 25,060.00 25,700.00 25,840.00 25,460.00 25,380.00 25,200.00 25,300.00 25,300.00 25,300.00 25,140.00 25,480.00 25,220.00 25,400.00 25,500.00 25,700.00 25,700.00 25,700.00 26,000.00 25,980.00 25,860.00 25,880.00 25,640.00 25,620.00 25,420.00 25,460.00 25,460.00 25,500.00 25,540.00 25,500.00 25,700.00 25,520.00 25,500.00 25,480.00 25,300.00 25,540.00 25,560.00 25,540.00 25,300.00 25,120.00 25,120.00

11,200.00 11,040.00 11,040.00 10,820.00 10,940.00 11,140.00 11,220.00 11,360.00 11,460.00 11,420.00 11,580.00 11,360.00 11,740.00 11,480.00 11,420.00 11,360.00 11,340.00 11,580.00 11,760.00 11,720.00 11,760.00 11,740.00 11,700.00 11,840.00 11,860.00 11,900.00 11,880.00 11,900.00 11,980.00 11,980.00 11,820.00 11,980.00 11,780.00 11,800.00 11,820.00 11,700.00 11,700.00 11,900.00 11,700.00 11,680.00 11,840.00 11,720.00 11,900.00 11,960.00 11,800.00 11,660.00 11,680.00 11,780.00 11,880.00 11,920.00 11,880.00 11,860.00 11,700.00

1,160.00 1,155.00 1,150.00 1,150.00 1,165.00 1,175.00 1,190.00 1,220.00 1,215.00 1,225.00 1,205.00 1,200.00 1,210.00 1,195.00 1,200.00 1,205.00 1,210.00 1,210.00 1,175.00 1,185.00 1,180.00 1,190.00 1,190.00 1,205.00 1,215.00 1,215.00 1,220.00 1,235.00 1,230.00 1,215.00 1,205.00 1,205.00 1,220.00 1,210.00 1,215.00 1,205.00 1,210.00 1,200.00 1,185.00 1,200.00 1,210.00 1,210.00 1,215.00 1,215.00 1,220.00 1,195.00 1,200.00 1,215.00 1,220.00 1,215.00 1,220.00 1,205.00 1,210.00

9,940.00 9,940.00 9,950.00 9,900.00 9,900.00 10,000.00 10,100.00 10,160.00 10,200.00 10,260.00 10,180.00 10,060.00 10,060.00 9,970.00 9,960.00 9,980.00 9,970.00 9,980.00 9,900.00 9,850.00 9,820.00 9,840.00 9,910.00 9,980.00 9,980.00 9,930.00 9,960.00 10,080.00 10,140.00 10,180.00 10,140.00 10,120.00 10,100.00 10,120.00 10,060.00 10,080.00 10,160.00 10,140.00 10,140.00 10,140.00 10,200.00 10,260.00 10,400.00 10,520.00 10,500.00 10,560.00 10,480.00 10,540.00 10,640.00 10,760.00 10,620.00 10,520.00 10,600.00

1308.94 1295.67 1289.97 1271.11 1286.07 1297.33 1306.56 1314.74 1316.82 1314.38 1324.8 1323.19 1335.46 1325.78 1339.89 1341.58 1340.08 1345.87 1342.25 1340.06 1330.31 1341.31 1339.06 1353.65 1351.68 1345.89 1354.82 1373.04 1377.88 1374.08 1372.5 1375.14 1369.64 1369.62 1361.05 1361.48 1360.54 1359.6 1354.35 1355.43 1366.91 1365.24 1371.38 1372.59 1364.9 1357.47 1357.83 1366.79 1369.79 1367.92 1360.65 1350.27 1345.97

1300 1290 1285 1240 1320 1325 1320 1315 1315 1305 1320 1345 1350 1340 1350 1380 1385 1385 1380 1355 1335 1355 1365 1380 1380 1360 1380 1400 1415 1395 1390 1410 1400 1405 1400 1400 1390 1395 1385 1400 1400 1385 1390 1390 1370 1375 1395 1390 1385 1375 1355 1355 1355

25,220.00 25,220.00 24,720.00 24,920.00 25,300.00 25,060.00 25,040.00 25,020.00 25,100.00 25,460.00 24,940.00 25,300.00 25,000.00 25,300.00 25,040.00 25,200.00 25,300.00 25,280.00 25,240.00 25,120.00 25,280.00 25,420.00 24,800.00 25,100.00 25,300.00 25,380.00 25,580.00 25,920.00 25,920.00 25,900.00 26,300.00 26,400.00 26,300.00 26,480.00 26,260.00 26,560.00 26,380.00 26,600.00 26,500.00 26,380.00 26,800.00 26,700.00 26,780.00 26,600.00 26,400.00 25,820.00 26,020.00 26,500.00 26,700.00 26,940.00 27,080.00 26,660.00 27,040.00

11,700.00 11,780.00 11,700.00 11,760.00 11,780.00 11,800.00 11,760.00 11,740.00 11,700.00 11,860.00 11,820.00 11,780.00 11,700.00 11,800.00 11,800.00 11,680.00 11,880.00 11,840.00 11,800.00 11,920.00 11,820.00 11,900.00 11,660.00 11,780.00 11,840.00 11,900.00 11,860.00 11,880.00 11,960.00 11,820.00 11,920.00 11,920.00 11,860.00 11,960.00 11,800.00 11,840.00 11,860.00 11,880.00 11,900.00 11,780.00 11,860.00 11,760.00 11,840.00 11,880.00 11,860.00 11,900.00 11,960.00 11,920.00 12,040.00 12,180.00 12,060.00 11,900.00 11,900.00

1,205.00 1,200.00 1,145.00 1,145.00 1,165.00 1,170.00 1,160.00 1,150.00 1,150.00 1,155.00 1,140.00 1,155.00 1,135.00 1,135.00 1,125.00 1,140.00 1,140.00 1,120.00 1,130.00 1,130.00 1,130.00 1,145.00 1,125.00 1,135.00 1,150.00 1,150.00 1,150.00 1,165.00 1,155.00 1,160.00 1,155.00 1,155.00 1,165.00 1,175.00 1,170.00 1,170.00 1,170.00 1,180.00 1,180.00 1,175.00 1,190.00 1,200.00 1,210.00 1,200.00 1,200.00 1,200.00 1,180.00 1,180.00 1,190.00 1,190.00 1,175.00 1,160.00 1,165.00

10,560.00 10,740.00 10,600.00 10,700.00 10,800.00 10,840.00 10,760.00 10,780.00 10,800.00 10,980.00 11,260.00 11,220.00 11,200.00 11,440.00 11,380.00 11,320.00 11,340.00 11,340.00 11,420.00 11,340.00 11,360.00 11,400.00 11,240.00 11,340.00 11,380.00 11,480.00 11,680.00 11,580.00 11,660.00 11,560.00 11,540.00 11,560.00 11,520.00 11,600.00 11,600.00 11,540.00 11,520.00 11,580.00 11,520.00 11,620.00 11,640.00 11,600.00 11,700.00 11,660.00 11,660.00 11,500.00 11,420.00 11,440.00 11,540.00 11,560.00 11,640.00 11,640.00 11,660.00

1347.4 1351.36 1320.97 1334.88 1344.46 1341.83 1340.99 1336.52 1331.2 1341.65 1333.57 1334.45 1326.31 1328.63 1326.81 1329.58 1334.02 1332.81 1324.54 1330.35 1335.67 1342.42 1317.98 1329.96 1342.21 1337.29 1343.97 1351.16 1359.19 1355.53 1356.01 1363.61 1364.61 1369.88 1365.61 1368.39 1368.12 1371.46 1370.05 1368.98 1375.9 1374.43 1378.28 1371.98 1371.75 1363.44 1363.34 1362.33 1366.49 1372.42 1374.66 1362.45 1371.54

1380 1375 1365 1365 1360 1350 1355 1345 1310 1335 1320 1335 1320 1310 1315 1320 1320 1330 1295 1310 1315 1315 1290 1315 1320 1300 1325 1320 1320 1315 1305 1325 1340 1340 1350 1350 1355 1350 1355 1365 1385 1390 1400 1370 1375 1375 1380 1365 1360 1365 1380 1340 1360

27,040.00 27,080.00 27,300.00 27,380.00 27,700.00 28,000.00 28,520.00 28,700.00 28,700.00 28,900.00 29,820.00 29,900.00 29,320.00 29,880.00 29,980.00 30,080.00 30,100.00 29,980.00 30,040.00 29,860.00 30,480.00 30,460.00 30,240.00 30,760.00 30,940.00 30,820.00 30,680.00 30,520.00 30,780.00 30,800.00 31,180.00 30,900.00 31,980.00 31,680.00 30,680.00 30,000.00 30,100.00

12,040.00 11,900.00 11,900.00 11,960.00 12,120.00 12,120.00 12,200.00 12,260.00 12,380.00 12,580.00 12,260.00 12,040.00 11,880.00 11,960.00 11,860.00 12,100.00 12,100.00 12,100.00 12,120.00 12,140.00 11,720.00 12,020.00 12,200.00 12,160.00 12,160.00 12,200.00 12,160.00 12,240.00 12,160.00 12,160.00 12,100.00 12,100.00 11,860.00 11,440.00 11,400.00 11,780.00 11,780.00

1,170.00 1,165.00 1,160.00 1,175.00 1,185.00 1,180.00 1,180.00 1,200.00 1,215.00 1,225.00 1,225.00 1,200.00 1,195.00 1,205.00 1,200.00 1,215.00 1,220.00 1,220.00 1,205.00 1,215.00 1,215.00 1,230.00 1,235.00 1,220.00 1,235.00 1,235.00 1,230.00 1,240.00 1,230.00 1,235.00 1,245.00 1,240.00 1,220.00 1,225.00 1,220.00 1,215.00 1,215.00

11,700.00 11,680.00 11,560.00 11,640.00 11,860.00 11,860.00 12,180.00 12,280.00 12,400.00 12,680.00 12,580.00 12,660.00 12,640.00 12,240.00 12,620.00 13,000.00 13,320.00 13,480.00 13,940.00 13,820.00 14,100.00 14,180.00 14,000.00 13,860.00 14,000.00 13,880.00 13,860.00 13,480.00 13,300.00 13,500.00 13,640.00 13,760.00 13,520.00 13,600.00 13,400.00 13,460.00 13,600.00

1373.17 1370.13 1376.63 1384.92 1403.19 1407.13 1414.84 1421.84 1443.56 1458.09 1449.37 1437.84 1429.41 1436.19 1436.81 1444.14 1446.19 1444.39 1448.93 1444.09 1439.48 1442.83 1441.81 1445.06 1456.53 1451.37 1450.26 1450.45 1446.91 1450.43 1456.73 1456.39 1464.77 1450.82 1436.7 1435.57 1435.12

1335 1355 1345 1365 1385 1380 1380 1375 1445 1480 1450 1410 1410 1435 1425 1420 1405 1390 1395 1375 1335 1345 1335 1375 1400 1370 1350 1370 1360 1365 1350 1340 1365 1325 1325 1350 1340

ECOPETROL

100

150

200

250

300

100

150

200

250

300

No 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51

Fecha 20160623 20160624 20160627 20160628 20160629 20160630 20160701 20160705 20160706 20160707 20160708 20160711 20160712 20160713 20160714 20160715 20160718 20160719 20160721 20160722 20160725 20160726 20160727 20160728 20160729 20160801 20160802 20160803 20160804 20160805 20160808 20160809 20160810 20160811 20160812 20160816 20160817 20160818 20160819 20160822 20160823 20160824 20160825 20160826 20160829 20160830 20160831 20160901 20160902 20160905 20160906 20160907

00 01 02 03 04 05 COLCAP PFBCOLOM GRUPOSURA ECOPETROL NUTRESA GRUPOARGOS -.89 -1.98 .37 -.71 -1.27 -.11 -1.16 -1.48 -1.52 -2.14 .32 -1.39 .07 .16 .43 1.09 .08 -.76 .63 1.10 .74 .72 .24 .88 .13 -.55 .63 .00 .16 .54 -.02 .86 -.94 .72 .00 .00 -.73 -1.17 .37 -2.49 -1.04 .00 .50 .08 1.10 .00 .64 .54 -.63 -.16 -1.19 -1.09 .00 .00 -.32 -.24 -1.00 -.37 -.64 -.11 .70 .87 1.43 1.48 .16 .86 1.04 .94 1.41 1.46 1.61 .32 .42 .00 1.24 .36 .16 .32 .53 .31 .41 1.08 1.11 1.17 .51 .70 .76 -.71 .63 2.20 -.04 -.23 .30 .71 -.23 -.10 -.09 -.08 .45 -1.42 -.78 .10 -.69 .15 -.35 -1.80 .71 -2.36 .32 .62 .15 -.37 -.31 .53 -.71 -1.15 -.50 -1.84 -.31 -1.25 -.58 -.23 -2.27 .37 .16 .00 .45 1.24 .67 -1.12 .08 .95 -.32 -.46 -.20 -2.26 -.23 -.31 -.70 1.15 -1.69 .39 -1.18 -2.73 -.17 -1.06 .78 -3.85 -.32 .65 -.20 .23 -.10 -3.60 .00 .32 .10 .84 -1.50 2.49 .08 -.96 .23 .23 .53 .40 .56 1.08 .14 .53 .21 -.81 .00 -.53 .37 .00 .31 2.44 -.16 1.08 .73 1.51 .68 -1.59 .63 .53 -.12 .22 -.26 -1.21 .39 .00 .42 .82 -.21 .41 .16 .53 -.32 .00 .05 -.81 .00 -.95 1.44 .74 .31 4.51 1.72 2.23 .46 -.22 .62 3.53 -.46 .52 -.07 -.51 -.77 .76 .46 .83 .13 1.99 .16 -.75 -.31 -.21 -.04 1.30 .21 -2.27 -.08 -1.23 .70 .36 .41 3.10 .00 .83 .81 .35 .57 -.38 .69 1.14 .09 .28 -.97 .00 .08 .51 .19 .99 .78 -.38 -.77 -.30 -.10 -.28 -.36 .00 .39 -1.12 .14 .28 .82 .38 .62 .41 .46 1.61 -1.38 -.38 -.15 1.13 -.06 .55 -.05 -1.89 .08 .41 1.09 2.12 .93 1.93 -.54 1.01 .25 -.33 .05 1.89 .38 1.00 .35 -.07 .92 -.37 -.15 .79 1.05 1.48 1.32 1.87 .00 .59

52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104

20160908 20160909 20160912 20160913 20160914 20160915 20160916 20160919 20160920 20160921 20160922 20160923 20160926 20160927 20160928 20160929 20160930 20161003 20161004 20161005 20161006 20161007 20161010 20161011 20161012 20161013 20161014 20161018 20161019 20161020 20161021 20161024 20161025 20161026 20161027 20161028 20161031 20161101 20161102 20161103 20161104 20161108 20161109 20161110 20161111 20161115 20161116 20161117 20161118 20161121 20161122 20161123 20161124

-.10 -1.29 -.80 -1.41 .44 .02 -1.37 .00 -.98 -.01 1.25 -.47 -.36 -.95 1.58 -.74 -.46 -.62 .34 .47 .16 .35 .16 .57 -.25 -.02 -.62 .72 .61 -.21 .13 -.28 -.16 .04 .16 .09 .34 .38 -.17 -.91 -.76 .69 -.02 -2.60 -1.55 -.15 .23 .44 .12 .42 -.43 .13 .01

-.86 -.53 -.27 -1.62 -.68 .90 -3.69 .00 -1.70 -.43 1.45 -.71 -.43 -1.52 3.89 -.78 -.57 -1.07 .58 .07 -.65 1.52 -.93 1.37 -.50 .86 -.64 .71 .57 .49 .21 .00 -.77 .35 -.14 .35 -.21 2.10 -.27 .00 -1.86 .56 -1.05 -3.03 -1.38 -1.03 .15 -.30 .00 -1.19 -1.43 1.45 -.38

-.50 -1.61 -.56 -1.03 .78 .26 -.05 -.52 -1.04 -.52 2.11 -.77 .52 -.83 .10 -.68 -1.42 .05 1.01 1.00 -.26 -.73 .95 .31 .52 -.41 -1.19 .53 .05 .00 .52 -.31 -.63 -.37 .53 .73 .78 -.46 -.57 -.99 -.53 .53 .37 -2.99 -2.81 -1.28 .00 1.92 .66 .82 -.05 .71 -.60

2.56 -2.86 -1.84 -2.62 -1.92 -.78 -2.77 -.81 -1.23 2.49 .81 -2.41 -.82 -2.90 5.13 1.22 .40 1.20 .79 2.75 1.15 -.75 1.90 -1.12 -.75 .76 -.75 2.28 1.86 -2.19 .37 -.37 -.75 .38 .37 -1.87 -.38 1.53 -1.50 -.76 .00 .77 1.15 -3.40 -.78 1.97 -1.54 .39 .00 2.73 .00 -1.14 .00

-.38 -2.31 -.16 -1.18 .80 .32 3.95 -1.90 -.16 -.70 .47 .00 -.78 -.78 1.34 -.70 -.47 .32 .31 .86 -.54 -.86 .16 .39 -1.41 1.35 -.47 -.24 .16 .00 -.79 .16 .48 -.16 .40 -.63 -.08 -.71 .48 -1.99 -.41 -.08 -.65 -1.40 -1.25 -.42 .85 .00 .84 -.83 -.08 .00 .08

-.10 -1.86 -1.10 -1.91 2.05 -1.01 -2.44 -.21 -.42 .10 2.09 -.72 .83 -2.36 -.10 .53 -2.72 -.97 -.87 1.86 .97 .96 1.05 1.15 -.52 -.83 -2.51 1.82 .42 -1.15 .74 -1.05 -.11 .00 1.06 1.05 1.67 -.51 .00 -2.47 -.11 1.06 .42 -2.40 -2.78 .33 2.85 -.21 .32 1.06 .00 -1.37 .85

105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157

20161125 20161128 20161129 20161130 20161201 20161202 20161205 20161206 20161207 20161209 20161212 20161213 20161214 20161215 20161216 20161219 20161220 20161221 20161222 20161223 20161226 20161227 20161228 20161229 20170102 20170103 20170104 20170105 20170106 20170110 20170111 20170112 20170113 20170116 20170117 20170118 20170119 20170120 20170123 20170124 20170125 20170126 20170127 20170130 20170131 20170201 20170202 20170203 20170206 20170207 20170208 20170209 20170210

-1.01 -.44 -1.46 1.18 .88 .71 .63 .16 -.19 .79 -.12 .93 -.72 1.06 .13 -.11 .43 -.27 -.16 -.73 .83 -.17 1.09 -.15 -.43 .66 1.34 .35 -.28 -.11 .19 -.40 .00 -.63 .03 -.07 -.07 -.39 .08 .85 -.12 .45 .09 -.56 -.54 .03 .66 .22 -.14 -.53 -.76 -.32 .11

-.98 -.92 -1.00 1.40 1.23 1.06 .83 .15 -.15 .60 .07 1.11 -1.47 3.35 -.43 -1.59 -.51 -.44 .82 -.96 .89 -.96 2.01 -1.02 -.22 1.92 .80 -.07 .00 1.58 .35 -.70 -.92 -.79 .07 .43 -.65 .00 .00 .29 .14 1.37 -1.35 -.58 -.22 .07 .94 -.14 .00 -1.15 -.73 -.22 .07

-.71 -.22 -3.02 .57 1.13 1.11 .94 -.71 -1.92 2.75 -.98 1.93 .00 1.30 -.21 1.60 1.11 -.47 -1.57 -3.03 1.75 .97 1.60 .26 -.58 .05 2.11 -.52 -.26 -.78 .26 -.26 .73 -1.61 .48 .89 .31 -.62 .37 1.15 .10 -.15 .72 .51 -.76 .15 1.02 .05 -.10 -.35 -1.27 -1.39 .00

-.77 -.39 -3.50 6.45 .38 -.38 -.38 .00 -.76 1.15 1.89 .37 -.74 .75 2.22 .36 .00 -.36 -1.81 -1.48 1.50 .74 1.10 .00 -1.45 1.47 1.45 1.07 -1.41 -.36 1.44 -.71 .36 -.36 .00 -.71 .36 -.72 1.08 .00 -1.07 .36 .00 -1.44 .36 1.45 -.36 -.36 -.72 -1.45 .00 .00 1.85

-1.60 -.51 -2.06 .18 .70 1.30 -.60 .69 .69 1.28 1.26 .91 .25 .00 .41 .74 1.05 -.08 .32 -.08 .00 -.16 -.08 .00 .00 -.24 .56 .32 -.40 -.40 .00 -.40 -.57 -.81 -.25 -.57 .17 -1.07 .75 .08 .83 -.57 1.40 -1.06 -1.15 -.67 .84 1.16 -1.56 -.83 -.34 1.18 .00

-2.96 .87 -1.62 -.99 1.55 .22 1.09 .11 -1.72 1.32 -.43 2.50 -.85 .00 -1.28 1.08 -.11 .86 .53 .00 1.06 -1.57 3.72 -1.13 -1.45 .63 3.03 -.10 .30 -.30 -.81 -.10 .51 -1.43 .72 .21 -.31 .21 -.62 2.17 -.91 .41 -.41 -.92 -.31 .72 1.54 .51 .20 -.20 -2.01 -1.33 -.10

158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210

20170213 20170214 20170215 20170216 20170217 20170220 20170221 20170222 20170223 20170224 20170227 20170228 20170301 20170302 20170303 20170306 20170307 20170308 20170309 20170310 20170313 20170314 20170315 20170316 20170317 20170321 20170322 20170323 20170324 20170327 20170328 20170329 20170330 20170331 20170403 20170404 20170405 20170406 20170407 20170410 20170411 20170412 20170417 20170418 20170419 20170420 20170421 20170424 20170425 20170426 20170427 20170428 20170502

.29 -2.25 1.05 .72 -.20 -.06 -.33 -.40 .79 -.60 .07 -.61 .17 -.14 .21 .33 -.09 -.62 .44 .40 .51 -1.82 .91 .92 -.37 .50 .53 .59 -.27 .04 .56 .07 .39 -.31 .20 -.02 .24 -.10 -.08 .51 -.11 .28 -.46 -.02 -.61 -.01 -.07 .31 .43 .16 -.89 .67 .12

.22 -1.68 1.71 1.25 -1.09 .22 -.73 .74 1.53 -2.08 1.62 -1.37 .81 -.44 .66 .22 -.36 .22 -.72 .73 1.01 -2.80 .96 1.10 -.36 1.16 2.22 .00 -.14 1.12 1.25 -1.17 .90 -1.24 1.39 -.07 .41 -1.16 -.55 1.25 -.07 -1.10 .70 -1.24 -1.96 .79 .50 1.06 1.19 -.14 -1.59 .77 1.95

.58 -2.13 .90 1.16 .78 -.62 -1.04 -1.05 -.53 -.75 -.91 -.81 .55 .38 -.27 1.41 -.16 -.64 1.19 1.12 1.06 -1.31 1.22 .63 -1.30 1.32 .94 1.08 -.61 -.36 .51 .26 -.26 -.05 -.46 .26 -.21 .21 .72 .56 -.96 .61 -1.63 1.24 -.26 -.51 .00 .05 -.05 .46 -1.64 1.20 -.67

-.36 -.73 .00 -.37 -.74 .37 -.74 -2.60 1.91 -1.12 1.14 -1.12 -.76 .38 .38 .00 .76 -2.63 1.16 .38 .00 -1.90 1.94 .38 -1.52 1.92 -.38 .00 -.38 -.76 1.53 1.13 .00 .75 .00 .37 -.37 .37 .74 1.47 .36 .72 -2.14 .36 .00 .36 -1.09 -.37 .37 1.10 -2.90 1.49 -1.84

.17 -1.00 .59 .42 .00 1.00 .00 -.33 -.17 -1.57 -.34 -.42 -.59 -1.11 -.34 2.51 .68 .42 -.17 .75 -1.33 -1.68 -.51 2.75 .42 -.83 -.76 1.52 .33 -.33 .08 .67 .91 .00 -.08 .00 -.25 .00 -.74 .00 .75 .33 -.08 .16 .00 .08 -.25 -.82 .25 -.17 .41 .58 .08

1.98 -1.63 .83 1.13 .20 -.20 .51 -.91 1.12 .30 .10 -.60 .61 -.40 .30 -.10 .40 -.80 .71 .00 .30 -1.60 .51 2.03 -.70 -.50 .30 1.00 -.79 -.10 -.10 .90 .60 -.10 .10 -.20 1.29 -.29 -.10 -.20 -.39 .79 -.39 .20 .10 -.10 .00 -.69 1.58 -.39 -.98 .49 -.49

211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246

20170503 20170504 20170505 20170508 20170509 20170510 20170511 20170512 20170515 20170516 20170517 20170518 20170519 20170522 20170523 20170524 20170525 20170526 20170530 20170531 20170601 20170602 20170605 20170606 20170607 20170608 20170609 20170612 20170613 20170614 20170615 20170616 20170620 20170621 20170622 20170623 Correlation Matrix

01 02 03 04 05 06 07 08 09

PFBCOLOM GRUPOSURA ECOPETROL NUTRESA GRUPOARGOS BCOLOMBIA CEMARGOS PFAVAL ISA

-.22 .47 .60 1.32 .28 .55 .49 1.53 1.01 -.60 -.80 -.59 .47 .04 .51 .14 -.12 .31 -.33 -.32 .23 -.07 .23 .79 -.35 -.08 .01 -.24 .24 .43 -.02 .58 -.95 -.97 -.08 -.03

-.41 1.37 .34 1.82 1.59 1.50 1.03 .45 .63 1.13 -.87 -.69 1.52 -.31 .50 .19 -.81 .37 -.68 1.13 -.06 -.12 .99 1.41 -1.46 .86 -.55 .61 1.04 1.09 -.30 2.40 .23 -3.73 -2.48 -.12

-.57 1.35 .15 .77 -.10 .10 .51 1.27 .50 -1.00 .15 -.30 -2.87 1.04 .51 -.05 .05 .46 .00 -1.98 .98 -.51 .05 .52 -.26 -.46 .46 -.26 .26 .26 .46 -.61 -.82 .41 .46 -.41

1.50 -.74 1.49 1.47 -.36 .00 -.36 5.09 2.42 -2.03 -2.76 .00 1.77 -.70 -.35 -1.06 -1.07 .36 -1.43 -2.91 .75 -.74 3.00 1.82 -2.14 -1.46 1.48 -.73 .37 -1.10 -.74 1.87 -2.93 .00 1.89 -.74

-.08 -.08 .82 1.71 .48 .80 .00 1.82 .54 .00 -.69 .23 1.08 -1.15 -.16 .00 .08 .54 -.15 -.15 .15 .00 .00 .46 .62 .38 .00 -.30 -.31 -.08 .54 -.84 .00 -.77 -.39 .78

-.49 -.10 1.59 1.46 -.19 -.29 .48 1.92 .28 -1.32 -.86 -1.25 .97 -.39 1.65 .57 .47 .85 -.75 -1.41 .29 .95 .00 -.75 1.62 -1.59 .95 -1.04 -.10 1.90 -.75 .75 -2.15 .29 .95 -1.60

01 02 03 04 05 PFBCOLOM GRUPOSURA ECOPETROL NUTRESA GRUPOARGOS 1.00 .25 .28 .17 .28 1.00 .34 .28 .53 1.00 .22 .34 1.00 .27 1.00

06 07 BCOLOMBIA CEMARGOS -1.64 .17 -2.17 -2.17 -.17 .00 1.96 .68 -.42 1.02 .84 -.50 -1.67 -1.35 .85 1.03 -1.26 -.17 .00 .17 .09 .34 2.04 .17 .00 -.34 .42 1.01 .41 .00 -.58 -.17 -.25 .34 .50 -2.34 .33 .00 -1.57 .68 .59 -1.02 .58 -.51 .17 .52 .66 -1.37 -.41 1.04 .00 .52 .74 -1.20 .00 .87 .49 .34 -.24 -.51 2.13 1.20 .40 -1.36 .64 .86 -.48 -.51 1.51 2.06 -.63 -.67 -.55 -1.36 1.83 .00 .62 1.20 .62 .00 .92 .00 .00 .85 .76 .17 .15 -.17 .45 -1.35 .90 .68 .37 .85 2.23 .17 -.22 -.17 -.44 .00 1.24 .84

08 PFAVAL .00 -.85 -.43 .86 .85 .00 -1.27 .43 .43 -.43 .00 .00 .85 -.42 .00 .43 -.85 .00 2.14 -1.67 -.43 .85 .00 -.85 .43 .00 .00 .85 -.42 .00 .85 .42 .00 .00 .42 2.50 .41 -2.02 .83 1.64 .81 -1.20 .40 .00 -1.21 2.04 .40 .80 .00 .00 1.19

09 ISA .00 -1.12 -.11 .23 1.48 -.22 .00 .90 -2.00 -.23 1.70 1.68 .77 .33 -.22 -.54 .66 -.98 .99 -.76 -.22 .33 .22 -.66 .44 .33 -.66 .77 1.09 .86 .64 -.11 .85 -.32 2.65 -.31 -.21 -.41 .10 .83 1.03 .61 .30 -.10 -.61 .81 -.40 -.10 .51 .71 2.31

TASA DE VARIACION COLCAP ECOPETROL -0.8927631 -0.7092198582 -1.162623 -2.1428571429 0.06833591 1.0948905109 0.63225094 0.7220216606 0.1265707 0 -0.0152302 0.7168458781 -0.7250682 -2.4911032028 0.50174152 0 -0.6290076 -1.0948905109 -0.3164946 -0.36900369 0.70281434 1.4814814815 1.03615048 1.4598540146 0.41581459 0.3597122302 0.53251269 1.0752688172 0.50643358 -0.7092198582 -0.0447895 0.7142857143 -0.0896191 -1.4184397163 -0.6869487 -1.7985611511 0.31913052 -0.3663003663 -0.7082567 -1.8382352941 -0.5833415 0.3745318352 0.45299425 -1.1194029851 -0.3185412 -2.2641509434 -0.6998421 0.3861003861 -0.1681674 -3.8461538462 -0.2044379 -3.6 0.09744121 2.489626556 0.2276525 0.4048582996 0.14454072 -0.8064516129 0.37113969 2.4390243902 0.72964378 -1.5873015873 -0.1208523 -1.2096774194 0.42046993 0.4081632653 -0.3185505 -0.8130081301 1.43768037 4.5081967213 0.4617596 3.5294117647 -0.0652388 0.7575757576 0.1320465 -0.7518796992 -0.0429696 -2.2727272727 0.69744517 3.1007751938 0.8118532 -0.3759398496 0.08542328 0 0.1896675 -0.3773584906 -0.1041196 0 0.1355695 0.3787878788 0.46074899 -0.3773584906 -0.0557898 -1.8939393939 1.08524659 1.9305019305 0.25387627 1.8939393939 0.35123612 -0.3717472119 1.05073316 1.8656716418

-.94 -.44 -.37 -1.84 -.30 .83 -3.13 .00 -2.77 .16 1.19 -.39 -.39 -1.18 3.43 -1.00 1.56 -2.30 .39 -.39 .00 1.57 -.77 1.25 .46 .00 .00 -.08 1.07 .61 .45 -.37 .23 -.30 -.23 .00 .00 2.26 .00 .00 -2.07 1.28 -1.56 -3.25 -.78 -.47 -.47 .24 -.16 -.32 -1.27 .89 .00

.33 -1.66 -1.18 -1.71 1.04 -.34 -.35 .00 -.35 .70 1.04 -.17 .34 -.17 -.51 -.17 -1.20 -.35 .17 .87 .35 .52 -.17 1.37 -.17 .68 -.67 .85 .00 -.51 -.68 -.34 .34 .68 .17 .84 -.34 -1.18 .00 -1.02 -1.37 .52 .52 -4.31 -.18 -.36 .36 .00 -.72 .91 .18 -.18 .90

-.78 -.39 -1.19 -.80 .40 -.80 -2.83 1.25 -.82 -1.24 3.36 .00 .00 -.81 2.87 -.80 1.20 -2.38 .41 .00 -.40 -.41 .41 -.41 -.41 -.82 .41 2.06 .81 -.40 -.40 -.40 -.40 -.81 -.41 .41 1.64 .00 -.40 -.40 -.81 -.41 .41 -1.64 -2.50 -.85 .43 .00 -.43 .00 .43 -.86 .43

.20 -4.11 -1.43 -.21 2.59 .10 1.82 -.99 .60 -1.10 1.11 -.40 -1.40 -1.62 2.37 -2.52 .72 -1.03 .93 -.82 .62 .72 -.51 1.13 -.10 -.20 .81 .30 .00 .00 .10 -.40 .61 .10 .30 .00 -.10 .70 .99 .39 -.98 .59 .79 -2.93 -1.41 -.61 .82 1.32 -.20 .20 .00 .40 -.50

-0.099466 -1.2894023 -0.7990557 -1.4097914 0.44178528 0.01602074 -1.3695538 0.00295284 -0.9825271 -0.0052186 1.24805225 -0.47348 -0.3647529 -0.9519778 1.58413615 -0.7365422 -0.4587361 -0.6169566 0.34045559 0.46663171 0.15730655 0.3543143 0.15798843 0.57319322 -0.2547733 -0.0155026 -0.6150325 0.7169018 0.61222081 -0.2104075 0.13371047 -0.2766018 -0.1633314 0.03758346 0.16280046 0.0926675 0.33579238 0.38226916 -0.1677914 -0.9090577 -0.7632687 0.68739503 -0.0169753 -2.5961851 -1.5520913 -0.1508818 0.23283246 0.43996954 0.12482674 0.41531543 -0.4311166 0.12698801 0.00534812

2.5641025641 -2.8571428571 -1.8382352941 -2.6217228464 -1.9230769231 -0.7843137255 -2.766798419 -0.8130081301 -1.2295081967 2.489626556 0.8097165992 -2.4096385542 -0.8230452675 -2.9045643154 5.1282051282 1.2195121951 0.4016064257 1.2 0.790513834 2.7450980392 1.1450381679 -0.7547169811 1.9011406844 -1.1194029851 -0.7547169811 0.7604562738 -0.7547169811 2.2813688213 1.8587360595 -2.1897810219 0.3731343284 -0.3717472119 -0.7462686567 0.3759398496 0.3745318352 -1.8656716418 -0.3802281369 1.5267175573 -1.5037593985 -0.7633587786 0 0.7692307692 1.1450381679 -3.3962264151 -0.78125 1.968503937 -1.5444015444 0.3921568627 0 2.734375 0 -1.1406844106 0

-.48 -1.21 -1.55 2.89 -.08 .40 -.56 .08 .40 .48 -.32 .16 .08 2.55 .54 -1.47 -.31 -.71 .40 .00 .00 -.63 1.35 -1.02 .71 .39 .78 .00 .00 1.17 -.08 -.46 .08 -.93 -.08 -.78 .16 .00 .16 .16 -.16 .78 -.70 -.08 -.08 -.71 .95 .08 -.08 -.94 -.71 .00 .40

-1.43 .00 -1.99 1.11 1.83 .72 1.25 .88 -.35 1.40 -1.90 3.35 -2.21 -.52 -.53 -.18 2.12 1.55 -.34 .34 -.17 -.34 1.20 .17 .34 -.17 .17 .67 .00 -1.34 1.35 -1.67 .17 .17 -1.02 .00 1.71 -1.68 -.17 1.37 -1.01 1.54 .50 -1.34 -1.19 .17 .86 .85 .34 -.34 -.17 -1.35 .00

-.43 -.43 .00 1.30 .86 1.28 2.52 -.41 .82 -1.63 -.41 .83 -1.24 .42 .42 .41 .00 -2.89 .85 -.42 .85 .00 1.26 .83 .00 .41 1.23 -.40 -1.22 -.82 .00 1.24 -.82 .41 -.82 .41 -.83 -1.25 1.27 .83 .00 .41 .00 .41 -2.05 .42 1.25 .41 -.41 .41 -1.23 .41 -.41

.00 .10 -.50 .00 1.01 1.00 .59 .39 .59 -.78 -1.18 .00 -.89 -.10 .20 -.10 .10 -.80 -.51 -.30 .20 .71 .71 .00 -.50 .30 1.20 .60 .39 -.39 -.20 -.20 .20 -.59 .20 .79 -.20 .00 .00 .59 .59 1.36 1.15 -.19 .57 -.76 .57 .95 1.13 -1.30 -.94 .76 -.38

-1.0137974 -0.4399268 -1.4620495 1.17692411 0.87553555 0.71146123 0.62607152 0.15820619 -0.1852949 0.79276921 -0.1215278 0.92730447 -0.7248439 1.06427914 0.12612976 -0.1118085 0.43206376 -0.268971 -0.1631589 -0.7275794 0.82687494 -0.1677465 1.0895703 -0.1455324 -0.4283558 0.66350147 1.3448281 0.35250248 -0.275786 -0.114986 0.19234973 -0.3999593 -0.0014602 -0.625721 0.03159326 -0.0690425 -0.0690902 -0.386143 0.07974305 0.84696369 -0.1221734 0.44973778 0.08823229 -0.5602547 -0.5443622 0.02651992 0.65987642 0.21949239 -0.1365173 -0.5314638 -0.7628707 -0.3184548 0.10624308

-0.7692307692 -0.3875968992 -3.5019455253 6.4516129032 0.3787878788 -0.3773584906 -0.3787878788 0 -0.7604562738 1.1494252874 1.8939393939 0.3717472119 -0.7407407407 0.7462686567 2.2222222222 0.3623188406 0 -0.3610108303 -1.8115942029 -1.4760147601 1.4981273408 0.7380073801 1.0989010989 0 -1.4492753623 1.4705882353 1.4492753623 1.0714285714 -1.4134275618 -0.3584229391 1.4388489209 -0.7092198582 0.3571428571 -0.3558718861 0 -0.7142857143 0.3597122302 -0.7168458781 1.083032491 0 -1.0714285714 0.3610108303 0 -1.4388489209 0.3649635036 1.4545454545 -0.3584229391 -0.3597122302 -0.7220216606 -1.4545454545 0 0 1.8450184502

.00 -1.98 .81 1.52 -.95 -.08 -.08 .32 1.43 -2.04 1.44 -1.19 1.20 -1.03 .64 .40 -.08 -.16 -.48 .64 .55 -2.44 1.21 .80 .32 .79 1.33 .00 -.08 1.54 .38 -.38 .68 -.83 1.14 -.68 .83 -.38 -.45 1.59 -.37 .30 -.67 -.75 -2.20 .77 1.84 .75 .90 .52 -1.55 1.43 .00

.68 -.68 .51 .17 .17 -.34 -.17 -.34 1.37 -.34 -.34 -.68 .85 .00 -1.02 1.71 -.34 -.34 1.02 -.84 .68 -2.02 1.03 .51 .51 -.34 .17 .67 -1.17 .85 .00 -.50 .84 -1.34 .34 .17 .17 .17 -1.01 .68 -.84 .68 .34 -.17 .34 .50 -.33 1.01 1.16 -.99 -1.33 .00 1.18

-.41 -4.58 .00 1.75 .43 -.85 -.86 .00 .43 -1.30 1.32 -1.73 .00 -.88 1.33 .00 -1.75 .89 .00 .00 1.33 -1.75 .89 1.32 .00 .00 1.30 -.86 .43 -.43 .00 .87 .86 -.43 .00 .00 .85 .00 -.42 1.28 .84 .83 -.83 .00 .00 -1.67 .00 .85 .00 -1.26 -1.28 .43 .43

1.70 -1.30 .94 .93 .37 -.74 .19 .19 1.67 2.55 -.36 -.18 2.14 -.52 -.53 .18 .00 .71 -.70 .18 .35 -1.40 .89 .35 .88 1.74 -.86 .69 -.86 -.17 .17 -.35 .69 .00 -.52 -.17 .52 -.52 .87 .17 -.34 .86 -.34 .00 -1.37 -.70 .18 .87 .17 .69 .00 .17 .34

0.29389936 -2.2488456 1.05301407 0.71766751 -0.1956176 -0.0626011 -0.3333358 -0.3980487 0.78500601 -0.6022435 0.06598829 -0.6099891 0.1749214 -0.1369832 0.20877141 0.33394004 -0.0907033 -0.6204935 0.43864285 0.39989476 0.50536435 -1.8205927 0.90896675 0.92108033 -0.3665596 0.49951768 0.53498218 0.59430415 -0.269278 0.0354105 0.56046784 0.07333475 0.38619093 -0.3117061 0.20357203 -0.0197312 0.24413063 -0.1028101 -0.0780993 0.50548584 -0.1068392 0.28011612 -0.4570914 -0.0167641 -0.6057955 -0.0073344 -0.0740828 0.3053592 0.43395854 0.16321534 -0.8882196 0.66718045 0.11884451

-0.3623188406 -0.7272727273 0 -0.3663003663 -0.7352941176 0.3703703704 -0.7380073801 -2.6022304833 1.9083969466 -1.1235955056 1.1363636364 -1.1235955056 -0.7575757576 0.3816793893 0.3802281369 0 0.7575757576 -2.6315789474 1.1583011583 0.3816793893 0 -1.9011406844 1.9379844961 0.3802281369 -1.5151515152 1.9230769231 -0.3773584906 0 -0.3787878788 -0.7604562738 1.5325670498 1.1320754717 0 0.7462686567 0 0.3703703704 -0.36900369 0.3703703704 0.7380073801 1.4652014652 0.3610108303 0.7194244604 -2.1428571429 0.3649635036 0 0.3636363636 -1.0869565217 -0.3663003663 0.3676470588 1.0989010989 -2.8985507246 1.4925373134 -1.8382352941

.15 .81 .29 1.17 1.08 1.86 .63 .00 .70 3.18 .27 -1.94 1.91 .33 .33 .07 -.40 .20 -.60 2.08 -.07 -.72 1.72 .59 -.39 -.45 -.52 .85 .06 1.23 -.90 3.50 -.94 -3.16 -2.22 .33

-1.16 .00 .50 1.34 .00 .66 .49 .98 1.62 -2.54 -1.79 -1.33 .67 -.84 2.02 .00 .00 .17 .17 -3.46 2.56 1.50 -.33 .00 .33 -.33 .66 -.65 .00 -.49 .00 -1.98 -3.54 -.35 3.33 .00

06 07 BCOLOMBIA CEMARGOS .84 .22 .20 .45 .31 .28 .17 .28 .22 .54 1.00 .15 1.00

-.43 -.43 1.29 .85 -.42 .00 1.69 1.25 .82 .00 -2.04 -.42 .84 -.41 1.25 .41 .00 -1.23 .83 .00 1.23 .41 -1.21 1.23 .00 -.40 .81 -.81 .41 .81 -.40 -1.61 .41 -.41 -.41 .00

-.17 -1.03 .69 1.89 .00 2.70 .82 .98 2.26 -.79 .64 -.16 -3.16 3.10 3.01 2.46 1.20 3.41 -.86 2.03 .57 -1.27 -1.00 1.01 -.86 -.14 -2.74 -1.34 1.50 1.04 .88 -1.74 .59 -1.47 .45 1.04

08 PFAVAL .41 .34 .26 .16 .37 .35 .27 1.00

09 ISA .26 .38 .12 .26 .27 .26 .30 .27 1.00

-0.2213856 0.47440754 0.60219522 1.31920977 0.28078877 0.54792379 0.49475559 1.52759804 1.00653939 -0.5980426 -0.7955181 -0.5862961 0.47432157 0.04316978 0.51015792 0.141953 -0.124465 0.31431954 -0.3340396 -0.3192322 0.23272293 -0.0706944 0.22541112 0.79373867 -0.3542666 -0.0764795 0.0131011 -0.2440622 0.24327705 0.43435395 -0.0233399 0.57539533 -0.9523679 -0.9732427 -0.0786525 -0.0313464

1.4981273408 -0.7380073801 1.4869888476 1.4652014652 -0.3610108303 0 -0.3623188406 5.0909090909 2.4221453287 -2.027027027 -2.7586206897 0 1.7730496454 -0.6968641115 -0.350877193 -1.0563380282 -1.0676156584 0.3597122302 -1.4336917563 -2.9090909091 0.7490636704 -0.7434944238 2.9962546816 1.8181818182 -2.1428571429 -1.4598540146 1.4814814815 -0.7299270073 0.3676470588 -1.0989010989 -0.7407407407 1.8656716418 -2.9304029304 0 1.8867924528 -0.7407407407

COLCAP Media Error típico Mediana Moda Desviación e Varianza de l Curtosis Coeficiente d Rango Mínimo Máximo Suma Cuenta

ECOPETROL 0.03295333 Media 0.03931508 Error típico 0.03649698 Mediana #N/A Moda 0.61663294 Desviación e 0.38023618 Varianza de l 1.76543201 Curtosis -0.5920455 Coeficiente d 4.18032122 Rango -2.5961851 Mínimo 1.58413615 Máximo 8.10651973 Suma 246 Cuenta

-0.0088115 0.09871373 0 0 1.54826439 2.39712263 1.47744364 0.47327207 10.2977667 -3.8461538 6.4516129 -2.1676349 246

PRECIO DE LA ACCION E INDICE COLCAP Media Error típico Mediana Moda Desviación estándar Varianza de la muestra Curtosis Coeficiente de asimetría Rango Mínimo Máximo Suma Cuenta

A

ECOPETROL 1358.13972 Media 2.60821479 Error típico 1354.63 Mediana 1329.58 Moda 40.9913131 Desviación estándar 1680.28775 Varianza de la muestra 0.32164882 Curtosis 0.84659358 Coeficiente de asimetría 193.66 Rango 1271.11 Mínimo 1464.77 Máximo 335460.51 Suma 247 Cuenta

1339.25101 3.25136143 1340 1320 51.0991559 2611.12373 0.47457056 -0.6030859 310 1170 1480 330795 247

a. Muestre y analice el gráfico de dispersión de la tasa de variación diaria del precio de la acción contra el

Relacion Ecopetrol - Colcap 10 8 6 4 2 0 -2

1 10 19 28 37 46 55 64 73 82 91 00 09 18 27 36 45 54 63 72 81 90 99 08 17 26 35 44 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2

-4 -6 -8 COLCAP

ECOPETROL

Correlacion Asimetria 0.60650867 0.4732720727

B

b. Muestre y analice los histogramas individuales de la acción y del COLCAP. PRECIO DE LA ACCION E INDICE Histograma 1

COLCAP 1500 1450 1400 1350

Histograma 2

ECOPE 1600 1400 1200 1000

ECOPE

COLCAP

1600

1500

1400

1450

1200

1400

1000

1350

800

1300

600

1250

400

1200 1150

0

50

100

150

200

250

300

200 0

0

50

100

15

Coeficiente de asimetría 0.8465935778 0.4337241834 Correlacion TASA DE VARIACION Histograma 3

Histograma 4

COLCAP

ECOP

2

8

1.5

6

1

4

0.5 0 -0.5

2 0

50

-1 -1.5 -2

100

150

200

250

300 0 -2

0

50

100

1

-4 -6

-2.5 -3

Coeficiente de asimetría -0.5920455326

0.6065086746 CORRELACION Analizando el histograma individual (1 y 2) de la acción Ecopetrol y COCALP, se observa que el comportamien índice COCALP tiende a ser creciente; mientras el precio de la acción Ecopetrol se mantiene estable. En las grá (3 y 4) se observa una correlación positiva de 0,606508675 demostrando la relación entre la tasa de variación de y tasa de variación de la acción.

B

¿Son simétricos o asimétricos los comportamientos? Escriba sus análisis.

R) El comportamiento de las variables es asimétrico porque si se traza una línea por la mitad de la grafica los da se distribuyen diferente en ambos lados, como se observa en cada una de las gráficas de los diagramas de Ecop y COLCAP. Asimismo al hacer la fórmula: Cap=(T-Mº(X))/S El coeficiente de asimetría no es igual a cero. Lo q indica que el comportamiento de la gráfica es asimétrico.Siendo T la media, Mº(x) la moda y S la desviación típi

C

c. Genere y analice las estadísticas descriptivas que la opción “Análisis de datos” del botón “Datos” de Excel prod del precio de la acción y el índice accionario COLCAP. Escriba como tres puntos relevantes. Escriba

R) A partir de la herramienta de estadística descriptiva se analizó los datos de los precios de la acción, ECOPETRO, y el índice accionario COLCAP. Dentro de la información arrojada la más relevantes es: el valor máximo, el valor mínimo que permite relacionar los periodos donde la acción presento su mejor comportamien sus periodos de incremento o decrecimiento con las fechas indicadas. Otro valor importante es la Moda, perm identificar el precio más frecuente en relación al índice accionario COLCAP, importante a la hora de inferir en q acciones invertir.

D

d. Calcule e interprete el quinto percentil de la tasa de variación diaria del precio de la acción. Escriba la interpreta

Fórmula para datos no agrupados. N= 246 = 100% K=5 --P

P=

5(246) 100

P= P=

ECOPETROL

1230 100 12.3

Quinto percentil

1.45985401

Interpretación: El 5% de las variaciones diarias del precio de las acción ECOPETROL - son iguales a 1,46, por lo tanto Quinto percentil = 1,46

E

e. Obtenga e interprete la variabilidad relativa de la acción y del índice accionario. Escriba la interpretación

Formula variedad relativa S= desviación estándar µ = media aritmética

VARIABILIDAD RELATIVA DEL PRECIO DE LA ACCION

C.V eCOPETROL= 51.0991559 1339.25101

C.V ECOPETROL =

Indice accionario c.v = 40.9913131 1358.13972

3.02%

3.82%

La distribución promedio de la tasa de variación de los precios de la acción es 3,82% y la del índice accionario es de 3,02%.

F

f. Asumiendo que la tasa de variación del precio de la acción (R_A) se distribuye normal, obtenga las siguientes p RA= Tasa de variacion

1.

2. S= desviación estándar µ = media aritmética X= ? TASA DE VARIACION ECOPETROL Media de la población = Mu -0.0088115 Desviación Estándar de la Población = Sigma 1.54826439 0.00% X Inferior

2

0.50

=

Desarrollo p= P= P=

0 - (-0,088116) 1.54828439 0.88% 1.5482643914 0.0056912269

= P= 1- 0,5000 = P= 0.5

-

La probabilidad de que el precio de la acción ECOPETROL sea mayor que 0% es de es de 0,5.

G

g. Construya e interprete un intervalo de confianza al 95% para la tasa de variación diaria media del precio de la a

Intervalo de confianza 95% tasa de variacion ECOPETROL Desviación estándar 1.54826439 MEDIA -0.0088115 INTERVALOS DE CONFIANZA 0.95 Tamaño de la muestra 246 Alfa 0.05 z 1.95996398 Formula excel

0.19347536

Intervalo 1 (Inferior) Intervalo 2 (Superior)

-0.2022869 0.18466384

Es 95% seguro en que el valor medio está entre -0,20 y 0,18

H

h. Construya e interprete un intervalo de confianza al 95% para la tasa de variación diaria media del índice COLC

TASA DE CARIACION COLCAP Desviación estándar 0.61663294 MEDIA 0.03295333 INTERVALOS DE CONFIA 0.95 Tamaño de la muestra 246 Alfa 0.05 z 1.95996398

Formula en excel

0.07705614

Intervalo 1 (Inferior) Intervalo 2 (Superior)

-0.0441028 -0.0111495

Interpretacion: Es 95% seguros en que el valor medio está entre 0,044102809 y 0,110009474

TASA DE VARIACION COLCAP Media Error típico Mediana Moda Desviación estándar Varianza de la muestra Curtosis Coeficiente de asimetría Rango Mínimo Máximo Suma Cuenta

ECOPETROL 0.03295333 Media 0.03931508 Error típico 0.03649698 Mediana #N/A Moda 0.61663294 Desviación estándar 0.38023618 Varianza de la muestra 1.76543201 Curtosis -0.5920455 Coeficiente de asimetría 4.18032122 Rango -2.5961851 Mínimo 1.58413615 Máximo 8.10651973 Suma 246 Cuenta

-0.0088115 0.09871373 0 0 1.54826439 2.39712263 1.47744364 0.47327207 10.2977667 -3.8461538 6.4516129 -2.1676349 246

el precio de la acción contra el índice COLCAP. ¿Hay evidencia de una relación entre el par de variables? Escriba sus análisis

En la gráfica se evidencia que existe una relación entre R_A(tasa de variación diaria del precio de la acción – Ecopetrol) R_M (Tasa de variación diaria del índice COLCAP) con una correlación de 0,606508675 demostrando que hay una relación directa entre cada una de las variables se acerca a 1.Asimismo se observa que R_M tiene menos fluctuaciones ya que representa el índice de variación diaria registrando el precio de 20 acciones.

Histograma 2

00

00

00

00

ECOPETROL

ECOPETROL

00

00

00

00

00

00

00

00 0

0

50

100

150

200

250

300

Coeficiente de asimetría -0.6030859053

Histograma 4

ECOPETROL 8 6 4 2 0 -2

0

50

100

150

200

-4 -6

Coeficiente de asimetría 0.4732720727

se observa que el comportamiento del valor del l se mantiene estable. En las gráficas individuales ción entre la tasa de variación del índice COLCAP

250

300

a por la mitad de la grafica los datos áficas de los diagramas de Ecopetrol asimetría no es igual a cero. Lo que (x) la moda y S la desviación típica.

” del botón “Datos” de Excel produce tanto para las tasas de variación diaria o tres puntos relevantes. Escriba como tres puntos relevantes.

los precios de la acción, da la más relevantes es: el valor presento su mejor comportamiento y alor importante es la Moda, permite mportante a la hora de inferir en que

de la acción. Escriba la interpretación.

. Escriba la interpretación

normal, obtenga las siguientes probabilidades: Error aleatorio

RA=

�: El error aleatorio del modelo o perturbación aleatoria, que se supone que es una variable distribuida normal con media cero �: El parámetro que indica el impacto porcentual en el precio de la acción cuando el índice COLCAP varía un punto porcentual �: El parámetro que indica la variación diaria del precio de la acción cuando la variación del índice COLCAP es cero por ciento

ón diaria media del precio de la acción: (R_A). Escriba la interpretación del intervalo.

ón diaria media del índice COLCAP: ( R_M). Escriba la interpretación del intervalo.

iables? Escriba sus análisis

distribuida normal con media cero y varianza constante. OLCAP varía un punto porcentual. índice COLCAP es cero por ciento.