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INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS<br />

JUNE 2011<br />

VOL 3, NO 2<br />

Table 6- Time classification of variables<br />

Difference of Portfolio's<br />

Portfolio's efficiency<br />

Return<br />

Real<br />

Marquitz<br />

Variable<br />

peri<br />

efficiency<br />

average<br />

amount<br />

model<br />

od<br />

without<br />

risk<br />

RAVR<br />

2<br />

− RAVR1<br />

= 2/<br />

69<br />

0 /195 − /14<br />

1 =<br />

= 1/ 19<br />

/ 046<br />

14 0.018 0.046<br />

S<br />

2 P1<br />

RVAR 1 real Marquitz<br />

0 /195 − /14<br />

=<br />

= 1/19<br />

/ 046<br />

0 / 21−<br />

/14<br />

2 =<br />

= 3/ 88<br />

0 / 018<br />

14 0.21 0.195<br />

14 0.186 0<br />

E<br />

P 1<br />

W<br />

A 1<br />

1999-2001<br />

RVAR 2 real Marquitz<br />

14 0.073 0.055<br />

W<br />

B 1<br />

14 0.082 0.045<br />

W<br />

C 1<br />

RAVR<br />

2<br />

− RAVR1<br />

=<br />

2 / 9<br />

0 / 778 − /13<br />

=<br />

= 2 / 3<br />

0 / 278<br />

RVAR 1 real Marquitz<br />

13 0.05 0.278<br />

13 0.47 0.778<br />

S<br />

2 P2<br />

E<br />

P 2<br />

0 / 47 − 0 /13<br />

=<br />

= 6 / 8<br />

0 / 05<br />

RVAR 2 real Marquitz<br />

13 0.379 1<br />

0.582 0<br />

13<br />

W<br />

A 2<br />

W<br />

B 2<br />

2002-2004<br />

13 0.037 0<br />

W<br />

C 2<br />

RAVR<br />

2<br />

− RAVR1<br />

=<br />

179 /1<br />

=<br />

/ 039<br />

− /128<br />

= −223<br />

/ 0004<br />

RVAR 1 real Marquitz<br />

12.8 0.0011 0.0004<br />

12.8 0.08 0.039<br />

S<br />

2 P3<br />

E<br />

P 3<br />

/ 08 − 0 /128<br />

=<br />

= −43/<br />

90<br />

/ 0011<br />

RVAR 2 real Marquitz<br />

12.8 0.0416 0.1<br />

12.8 0.561 0<br />

W<br />

A 3<br />

W<br />

B 3<br />

2005-2007<br />

12.8 0.022 0.99<br />

W<br />

C 3<br />

COPY RIGHT © 2011 Institute of Interdisciplinary Business Research 335

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