Managing risk exposure
Section I
Klann Corp is a manufacturing company is an international company headquartered in United States and with its presence globally. The firm is a multinational doing business in many countries including South Korea. The firm has its operations in South Korea, where it faces a risk of currency volatility due to the influence of changes in exchange rates on its profitability and operations. The transactions exposure risks faced by the firm results from the impact of fluctuations of exchange rates on the obligations of the firm to receive payments or cash flows in future which are denominated in Won. , South Korean currency. These exposures include transactional exposure, economic exposure and transaction exposure. This study aims at exploring the firm’s risks of foreign exchange exposure, forecasting the 3 months exchange rate and deciding on transaction exposure hedging for such cash flows. The overall aim is coming up with recommendation on risk exposure management. The exchange rate between U.S dollar and South Korean Won is determined by the demand and supply in the market, which depicts a free- floating exchange rate system. This fluctuation in the rate limits the ability of the firm to minimize or prevent negative effects of any quick changes.
Section II
South Korea is squeezed between giant economies that include Russia, Japan and China which presents various potential benefits and challenges to its economic growth. It has been experiencing an economic resilience since the 2008-2009 financial crises and it is poised at critical juncture economically. It has a relatively well-maintained micro and macroeconomic stability which is also open to global commerce even though the economy has been declining. The growth momentum has been subdued by lack of decisive reforms on policy aimed at improving flexibility and overall efficiency (CIA, n.d). There is a bit of political uncertainty and instability ongoing which has made it hard to have meaningful economic reform. The framework for competitive regulatory enhances innovation and entrepreneurial activity, while rules for business operations are relatively efficient. The economy has a dynamic labor market even though there is some observable regulatory inflexibility and strong trade unions increase the cost of doing business. There have been concerted efforts by the country’s Financial Services Commission to introduce reforms in the financial sector in order to promote innovation and competition. Merchandise exports have enabled the financial sector to continue with its growth with the Bank of Korea forecasting a 2.6 percent growth in GDP (Jong-yong, 2016).
The country’s interest rates have remained at around 1.8 % over three month period with a forecast inflation rate of 2.4 %. The country’s stock market is dominated by many family run multinationals which are financially complex and which have been the centre of its rise to global stage. The government has been introducing new laws and and regulations on the operations of these firms so as to hold owners accountable and improve transparency of these corporations. Despite the volatility in the current political environment in the currently, there are few political risks emerging from internal governance and any such risks should be expected to come from outside. The country is a fair good democracy that is well-functioning and such minimal risks is seen in the aforementioned economic resilience in the midst of any political instability. This analysis presents the various risks in the environment that may influence the fluctuations of exchange rate, in addition to external factors such change in oil prices.
|
|
2 year |
|
|
|
|
|
|
Daily exchange rate |
quarter |
mean |
standard deviation |
Depreciation/appreciation |
|
Mean |
-0.001294942 |
1 |
0.00091 |
0.80997986 |
0.00001 |
|
standard deviation |
0.673345766 |
2 |
0.000872 |
0.848855439 |
0.00005 |
|
Currency depreciation |
0.000024 |
3 |
0.000851 |
0.705083582 |
0.00014 |
|
|
|
4 |
0.000831 |
0.615192278 |
0.00059 |
|
|
|
5 |
0.000854 |
0.899073597 |
0.00038 |
|
|
|
6 |
0.000876 |
0.59357672 |
0.00059 |
|
|
|
7 |
0.00088 |
0.367797125 |
0.00038 |
|
|
|
8 |
0.000852 |
0.35207391 |
0.00030 |
|
|
|
|
|
|
|
The above data analysis shows the volatility of the currency due to fluctuations in the exchange rates between the dollar and South Korean Won. The cash flow of the firm from operations in South Korea is bound to be influenced by the varying exchange rates for the currency thereby exposing it to the risk of depreciation. Depreciation of Won against dollar indicates that the Klann Corp. will experience reduced profits ones converted to dollar.
Section III
The forecasting of currency using the Purchasing Power Parity is the best option since the method allows for identical commodities in different countries to have identical prices. This is after taking into consideration the exchange rate, which will change in thereby offsetting price changes arising from inflation. The exchange rate as at March 1, 2017 is 0.000883 KW/USD and inflation at 2.4 %, then
= (1 + 0.024) x ($0.0008 per Wan1) = 0.000819 US dollar per KW.
This indicates the lowest value the South Korean currency could reach in a period of three months.
Section IV
The firm is faced with both the transactional exposure and economic exposure. The risk of transaction exposure faced by this firm arises from the dollar / Won exchange rates fluctuations , which is can changes since the firm has already entered into financial obligations and may cause loses . The company is also faced with economic exposure risk due to any impact of unforeseen Won fluctuations on the cash flows in future. The current cash outflow is 24,356,844 KW which translates to $ 21284.96 US dollar. The firm is involved in custom agreement on forward rates for fixing exchange rate for any transactions in future. The hedging of the currency risks exposed to the firm can be done through exposure netting whose aim is to reduce the vulnerability of the company to fluctuations in exchange rates.
Reference
CIA,(n.d). The World Fact book. South Korea. Retrieved from: https://www.cia.gov/library/publications/the-world-factbook/geos/ks.html
Exchange Rate Data and Information: https://www.oanda.com/fx-for-business/historical-rates
Jong-yong, Y., (2016).South Korea’s Financial Revolution. Retrieved from: https://www.wsj.com/articles/south-koreas-financial-revolution-1464281959
Appendix
|
Date |
Daily Percentage change in rate of exchange |
|
2/28/2017 |
0.684151 |
|
2/27/2017 |
-0.6795 |
|
2/26/2017 |
0 |
|
2/25/2017 |
0 |
|
2/24/2017 |
0.455063 |
|
2/23/2017 |
0.457143 |
|
2/22/2017 |
0.344037 |
|
2/21/2017 |
0.576701 |
|
2/20/2017 |
2.361275 |
|
2/19/2017 |
-2.41935 |
|
2/18/2017 |
-0.22989 |
|
2/17/2017 |
-0.68493 |
|
2/16/2017 |
0 |
|
2/15/2017 |
0.114286 |
|
2/14/2017 |
1.039261 |
|
2/13/2017 |
2.002356 |
|
2/12/2017 |
-1.84971 |
|
2/11/2017 |
-0.4603 |
|
2/10/2017 |
-0.22962 |
|
2/9/2017 |
-0.11468 |
|
2/8/2017 |
-0.22883 |
|
2/7/2017 |
-0.11429 |
|
2/6/2017 |
2.339181 |
|
2/5/2017 |
-2.50855 |
|
2/4/2017 |
0.45819 |
|
2/3/2017 |
0.114679 |
|
2/2/2017 |
0.809249 |
|
2/1/2017 |
0.464576 |
|
1/31/2017 |
1.294118 |
|
1/30/2017 |
0.950119 |
|
1/29/2017 |
-0.70755 |
|
1/28/2017 |
-0.35253 |
|
1/27/2017 |
-0.81585 |
|
1/26/2017 |
0.233645 |
|
1/25/2017 |
-0.11669 |
|
1/24/2017 |
0.351288 |
|
1/23/2017 |
0.470588 |
|
1/22/2017 |
0.117786 |
|
1/21/2017 |
-0.23502 |
|
1/20/2017 |
0.353774 |
|
1/19/2017 |
-0.81871 |
|
1/18/2017 |
0.234467 |
|
1/17/2017 |
1.426873 |
|
1/16/2017 |
-0.70838 |
|
1/15/2017 |
-0.35294 |
|
1/14/2017 |
0.117786 |
|
1/13/2017 |
0.236128 |
|
1/12/2017 |
1.437126 |
|
1/11/2017 |
0.240096 |
|
1/10/2017 |
0.847458 |
|
1/9/2017 |
-0.60168 |
|
1/8/2017 |
0 |
|
1/7/2017 |
-0.71685 |
|
1/6/2017 |
-0.35714 |
|
1/5/2017 |
1.204819 |
|
1/4/2017 |
0.241546 |
|
1/3/2017 |
0.363636 |
|
1/2/2017 |
-0.36232 |
|
1/1/2017 |
0 |
|
12/31/2016 |
-0.12063 |
|
12/30/2016 |
0.241838 |
|
12/29/2016 |
0.242424 |
|
12/28/2016 |
0.243013 |
|
12/27/2016 |
0.857843 |
|
12/26/2016 |
-1.92308 |
|
12/25/2016 |
0 |
|
12/24/2016 |
0.240964 |
|
12/23/2016 |
-0.12034 |
|
12/22/2016 |
-0.59809 |
|
12/21/2016 |
-0.23866 |
|
12/20/2016 |
0.119474 |
|
12/19/2016 |
-0.35714 |
|
12/18/2016 |
-0.23753 |
|
12/17/2016 |
0 |
|
12/16/2016 |
-0.23697 |
|
12/15/2016 |
-1.28655 |
|
12/14/2016 |
-0.23337 |
|
12/13/2016 |
0.586854 |
|
12/12/2016 |
0.471698 |
|
12/11/2016 |
-0.35253 |
|
12/10/2016 |
-0.46784 |
|
12/9/2016 |
-0.69686 |
|
12/8/2016 |
0.466744 |
|
12/7/2016 |
0.351288 |
|
12/6/2016 |
0.352526 |
|
12/5/2016 |
-0.58411 |
|
12/4/2016 |
0 |
|
12/3/2016 |
0.234192 |
|
12/2/2016 |
0.117233 |
|
12/1/2016 |
0.117371 |
|
11/30/2016 |
-0.23419 |
|
11/29/2016 |
0.234742 |
|
11/28/2016 |
0.235294 |
|
11/27/2016 |
0.7109 |
|
11/26/2016 |
-0.70588 |
|
11/25/2016 |
0.591716 |
|
11/24/2016 |
-0.47114 |
|
11/23/2016 |
-0.11765 |
|
11/22/2016 |
0.7109 |
|
11/21/2016 |
2.055623 |
|
11/20/2016 |
-1.31265 |
|
11/19/2016 |
-0.94563 |
|
11/18/2016 |
-0.47059 |
|
11/17/2016 |
-0.3517 |
|
11/16/2016 |
-0.23392 |
|
11/15/2016 |
0.352113 |
|
11/14/2016 |
-0.58343 |
|
11/13/2016 |
2.757794 |
|
11/12/2016 |
-2.68378 |
|
11/11/2016 |
-0.69525 |
|
11/10/2016 |
-0.8046 |
|
11/9/2016 |
-1.13636 |
|
11/8/2016 |
1.382488 |
|
11/7/2016 |
-0.11507 |
|
11/6/2016 |
-0.57208 |
|
11/5/2016 |
0 |
|
11/4/2016 |
0 |
|
11/3/2016 |
0.344432 |
|
11/2/2016 |
-0.34325 |
|
11/1/2016 |
0.691244 |
|
10/31/2016 |
-0.22989 |
|
10/30/2016 |
-0.11481 |
|
10/29/2016 |
0 |
|
10/28/2016 |
-0.34325 |
|
10/27/2016 |
-0.68182 |
|
10/26/2016 |
-0.11351 |
|
10/25/2016 |
0.4561 |
|
10/24/2016 |
2.09546 |
|
10/23/2016 |
-0.92272 |
|
10/22/2016 |
-1.36519 |
|
10/21/2016 |
-0.90192 |
|
10/20/2016 |
-0.33708 |
|
10/19/2016 |
0.564972 |
|
10/18/2016 |
0.797267 |
|
10/17/2016 |
-0.11377 |
|
10/16/2016 |
0.918485 |
|
10/15/2016 |
-1.24717 |
|
10/14/2016 |
0 |
|
10/13/2016 |
-0.67568 |
|
10/12/2016 |
-0.44843 |
|
10/11/2016 |
-0.3352 |
|
10/10/2016 |
0 |
|
10/9/2016 |
0 |
|
10/8/2016 |
0 |
|
10/7/2016 |
-0.22297 |
|
10/6/2016 |
0.111607 |
|
10/5/2016 |
-0.55494 |
|
10/4/2016 |
-0.11086 |
|
10/3/2016 |
-0.33149 |
|
10/2/2016 |
-0.11038 |
|
10/1/2016 |
-0.11025 |
|
9/30/2016 |
-0.22002 |
|
9/29/2016 |
-0.21954 |
|
9/28/2016 |
0.441014 |
|
9/27/2016 |
0.442968 |
|
9/26/2016 |
-0.22099 |
|
9/25/2016 |
0.221484 |
|
9/24/2016 |
-0.22099 |
|
9/23/2016 |
0 |
|
9/22/2016 |
0.891862 |
|
9/21/2016 |
0.560538 |
|
9/20/2016 |
0.563698 |
|
9/19/2016 |
2.662037 |
|
9/18/2016 |
-2.59301 |
|
9/17/2016 |
-0.11261 |
|
9/16/2016 |
0.225734 |
|
9/15/2016 |
-0.11274 |
|
9/14/2016 |
-0.67189 |
|
9/13/2016 |
-0.11186 |
|
9/12/2016 |
-1.10619 |
|
9/11/2016 |
0 |
|
9/10/2016 |
-0.22075 |
|
9/9/2016 |
-0.87527 |
|
9/8/2016 |
-0.10929 |
|
9/7/2016 |
0.993377 |
|
9/6/2016 |
1.22905 |
|
9/5/2016 |
0.111857 |
|
9/4/2016 |
-0.11173 |
|
9/3/2016 |
0 |
|
9/2/2016 |
0.336323 |
|
9/1/2016 |
-0.22371 |
|
8/31/2016 |
0.111982 |
|
8/30/2016 |
0.337079 |
|
8/29/2016 |
0.338219 |
|
8/28/2016 |
-0.11261 |
|
8/27/2016 |
-0.89286 |
|
8/26/2016 |
0.223714 |
|
8/25/2016 |
0.3367 |
|
8/24/2016 |
-0.22396 |
|
8/23/2016 |
0.790068 |
|
8/22/2016 |
-1.11607 |
|
8/21/2016 |
0.111732 |
|
8/20/2016 |
0 |
|
8/19/2016 |
-0.66593 |
|
8/18/2016 |
-0.11086 |
|
8/17/2016 |
-1.09649 |
|
8/16/2016 |
0.884956 |
|
8/15/2016 |
-0.1105 |
|
8/14/2016 |
0 |
|
8/13/2016 |
-0.11038 |
|
8/12/2016 |
-0.33003 |
|
8/11/2016 |
-0.21954 |
|
8/10/2016 |
0.774336 |
|
8/9/2016 |
1.005587 |
|
8/8/2016 |
0 |
|
8/7/2016 |
0 |
|
8/6/2016 |
-0.33408 |
|
8/5/2016 |
0.223214 |
|
8/4/2016 |
0.111732 |
|
8/3/2016 |
-0.66593 |
|
8/2/2016 |
0.334076 |
|
8/1/2016 |
2.277904 |
|
7/31/2016 |
-1.89944 |
|
7/30/2016 |
0.336323 |
|
7/29/2016 |
0.563698 |
|
7/28/2016 |
0.795455 |
|
7/27/2016 |
0.342075 |
|
7/26/2016 |
0.573394 |
|
7/25/2016 |
-0.79636 |
|
7/24/2016 |
0 |
|
7/23/2016 |
0 |
|
7/22/2016 |
0.22805 |
|
7/21/2016 |
0.228571 |
|
7/20/2016 |
-0.22805 |
|
7/19/2016 |
-0.22753 |
|
7/18/2016 |
0.113895 |
|
7/17/2016 |
0.114025 |
|
7/16/2016 |
-0.45403 |
|
7/15/2016 |
0.341686 |
|
7/14/2016 |
0.688073 |
|
7/13/2016 |
0.114811 |
|
7/12/2016 |
0.23015 |
|
7/11/2016 |
0 |
|
7/10/2016 |
1.518692 |
|
7/9/2016 |
-0.92593 |
|
7/8/2016 |
0 |
|
7/7/2016 |
0.582072 |
|
7/6/2016 |
-0.5787 |
|
7/5/2016 |
-0.57537 |
|
7/4/2016 |
0 |
|
7/3/2016 |
0.462428 |
|
7/2/2016 |
0.115741 |
|
7/1/2016 |
-0.23095 |
|
6/30/2016 |
0.58072 |
|
6/29/2016 |
1.056338 |
|
6/28/2016 |
1.067616 |
|
6/27/2016 |
-0.82353 |
|
6/26/2016 |
-0.23474 |
|
6/25/2016 |
0.117509 |
|
6/24/2016 |
-2.63158 |
|
6/23/2016 |
1.040462 |
|
6/22/2016 |
0.115741 |
|
6/21/2016 |
0.582072 |
|
6/20/2016 |
1.897983 |
|
6/19/2016 |
-1.17233 |
|
6/18/2016 |
0.117371 |
|
6/17/2016 |
0 |
|
6/16/2016 |
0 |
|
6/15/2016 |
0.353357 |
|
6/14/2016 |
-0.35211 |
|
6/13/2016 |
0 |
|
6/12/2016 |
0 |
|
6/11/2016 |
-0.58343 |
|
6/10/2016 |
-0.69525 |
|
6/9/2016 |
-0.11574 |
|
6/8/2016 |
0.232019 |
|
6/7/2016 |
0.583431 |
|
6/6/2016 |
-0.11655 |
|
6/5/2016 |
0 |
|
6/4/2016 |
1.298701 |
|
6/3/2016 |
0.833333 |
|
6/2/2016 |
0.238663 |
|
6/1/2016 |
0 |
|
5/31/2016 |
-0.11919 |
|
5/30/2016 |
-0.35629 |
|
5/29/2016 |
0 |
|
5/28/2016 |
-0.47281 |
|
5/27/2016 |
0 |
|
5/26/2016 |
0.236967 |
|
5/25/2016 |
0.47619 |
|
5/24/2016 |
-0.23753 |
|
5/23/2016 |
0.357569 |
|
5/22/2016 |
-0.23781 |
|
5/21/2016 |
0.119048 |
|
5/20/2016 |
0.11919 |
|
5/19/2016 |
-0.4745 |
|
5/18/2016 |
-0.82353 |
|
5/17/2016 |
0.235849 |
|
5/16/2016 |
-0.11779 |
|
5/15/2016 |
0 |
|
5/14/2016 |
-0.35211 |
|
5/13/2016 |
-0.46729 |
|
5/12/2016 |
0 |
|
5/11/2016 |
0.469484 |
|
5/10/2016 |
0 |
|
5/9/2016 |
-0.23419 |
|
5/8/2016 |
0 |
|
5/7/2016 |
0 |
|
5/6/2016 |
-0.23364 |
|
5/5/2016 |
-0.69606 |
|
5/4/2016 |
-1.373 |
|
5/3/2016 |
-0.22831 |
|
5/2/2016 |
0.343643 |
|
5/1/2016 |
0.114679 |
|
4/30/2016 |
-0.34286 |
|
4/29/2016 |
0 |
|
4/28/2016 |
0.574713 |
|
4/27/2016 |
0.115075 |
|
4/26/2016 |
0 |
|
4/25/2016 |
0.115207 |
|
4/24/2016 |
-0.11507 |
|
4/23/2016 |
-0.45819 |
|
4/22/2016 |
-0.79545 |
|
4/21/2016 |
-0.33975 |
|
4/20/2016 |
0.227015 |
|
4/19/2016 |
1.148106 |
|
4/18/2016 |
0 |
|
4/17/2016 |
-0.2291 |
|
4/16/2016 |
0.344828 |
|
4/15/2016 |
0.346021 |
|
4/14/2016 |
-0.57339 |
|
4/13/2016 |
-0.11455 |
|
4/12/2016 |
0.229621 |
|
4/11/2016 |
0.461361 |
|
4/10/2016 |
0 |
|
4/9/2016 |
0.115473 |
|
4/8/2016 |
0.231481 |
|
4/7/2016 |
0.232019 |
|
4/6/2016 |
-0.11587 |
|
4/5/2016 |
-0.69045 |
|
4/4/2016 |
-0.11494 |
|
4/3/2016 |
0 |
|
4/2/2016 |
0 |
|
4/1/2016 |
-0.45767 |
|
3/31/2016 |
0.45977 |
|
3/30/2016 |
1.516919 |
|
3/29/2016 |
0.351288 |
|
3/28/2016 |
0 |
|
3/27/2016 |
0 |
|
3/26/2016 |
0 |
|
3/25/2016 |
-0.11696 |
|
3/24/2016 |
-0.5814 |
|
3/23/2016 |
-0.23202 |
|
3/22/2016 |
0.232558 |
|
3/21/2016 |
0.2331 |
|
3/20/2016 |
0.704225 |
|
3/19/2016 |
-1.0453 |
|
3/18/2016 |
0.466744 |
|
3/17/2016 |
2.267303 |
|
3/16/2016 |
0 |
|
3/15/2016 |
-0.11919 |
|
3/14/2016 |
1.69697 |
|
3/13/2016 |
-0.12107 |
|
3/12/2016 |
-1.31422 |
|
3/11/2016 |
0.965018 |
|
3/10/2016 |
0.606796 |
|
3/9/2016 |
-0.48309 |
|
3/8/2016 |
-0.12063 |
|
3/7/2016 |
1.717791 |
|
3/6/2016 |
-0.12255 |
|
3/5/2016 |
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3/4/2016 |
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3/3/2016 |
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3/2/2016 |
0.246914 |
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3/1/2016 |
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2/29/2016 |
2.16285 |
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2/28/2016 |
-0.12706 |
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2/27/2016 |
-2.47831 |
|
2/26/2016 |
0 |
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2/25/2016 |
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2/24/2016 |
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2/23/2016 |
0.370828 |
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2/22/2016 |
0 |
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2/21/2016 |
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2/20/2016 |
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2/19/2016 |
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2/18/2016 |
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2/17/2016 |
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2/15/2016 |
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2/14/2016 |
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2/13/2016 |
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2/12/2016 |
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2/11/2016 |
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2/10/2016 |
0.844391 |
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2/9/2016 |
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2/8/2016 |
0 |
|
2/7/2016 |
0 |
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2/6/2016 |
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2/5/2016 |
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2/4/2016 |
1.579587 |
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2/3/2016 |
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2/2/2016 |
0 |
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2/1/2016 |
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1/31/2016 |
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1/30/2016 |
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1/29/2016 |
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1/28/2016 |
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1/27/2016 |
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1/26/2016 |
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1/25/2016 |
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1/24/2016 |
1.090909 |
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1/22/2016 |
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1/21/2016 |
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1/20/2016 |
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1/19/2016 |
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1/18/2016 |
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1/17/2016 |
0.124069 |
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1/16/2016 |
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1/15/2016 |
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1/14/2016 |
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1/13/2016 |
0.242131 |
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1/12/2016 |
0 |
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1/11/2016 |
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1/10/2016 |
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1/9/2016 |
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1/8/2016 |
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1/7/2016 |
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1/6/2016 |
-0.71429 |
|
1/5/2016 |
0 |
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1/4/2016 |
1.449275 |
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1/3/2016 |
0 |
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1/2/2016 |
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1/1/2016 |
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12/31/2015 |
-0.23502 |
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12/30/2015 |
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12/29/2015 |
0.234742 |
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12/28/2015 |
1.792115 |
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12/27/2015 |
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12/26/2015 |
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12/25/2015 |
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12/24/2015 |
0.352526 |
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12/23/2015 |
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12/22/2015 |
0.471698 |
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12/21/2015 |
0.35503 |
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12/20/2015 |
0 |
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12/19/2015 |
0 |
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12/18/2015 |
0 |
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12/17/2015 |
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12/16/2015 |
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12/15/2015 |
0.953516 |
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12/14/2015 |
1.451028 |
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12/13/2015 |
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12/12/2015 |
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12/11/2015 |
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12/10/2015 |
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12/9/2015 |
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12/8/2015 |
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12/7/2015 |
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12/6/2015 |
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12/5/2015 |
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12/4/2015 |
0.34965 |
|
12/3/2015 |
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12/2/2015 |
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12/1/2015 |
0 |
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11/30/2015 |
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11/29/2015 |
1.172333 |
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11/28/2015 |
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11/27/2015 |
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11/26/2015 |
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11/25/2015 |
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11/24/2015 |
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11/23/2015 |
2.019002 |
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11/22/2015 |
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11/21/2015 |
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11/20/2015 |
0.581395 |
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11/19/2015 |
0.820633 |
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11/18/2015 |
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11/17/2015 |
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11/16/2015 |
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11/15/2015 |
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11/14/2015 |
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11/13/2015 |
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11/12/2015 |
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11/11/2015 |
0.232019 |
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11/10/2015 |
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11/9/2015 |
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11/8/2015 |
0 |
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11/7/2015 |
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11/6/2015 |
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11/5/2015 |
-0.56689 |
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11/4/2015 |
0.113507 |
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11/3/2015 |
0.4561 |
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11/2/2015 |
0.114155 |
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11/1/2015 |
0.114286 |
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10/31/2015 |
0.229095 |
|
10/30/2015 |
0 |
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10/29/2015 |
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10/28/2015 |
0 |
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10/27/2015 |
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10/26/2015 |
0.455581 |
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10/25/2015 |
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10/24/2015 |
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10/23/2015 |
0.568828 |
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10/22/2015 |
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10/21/2015 |
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10/20/2015 |
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10/19/2015 |
0.226501 |
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10/18/2015 |
0 |
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10/17/2015 |
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|
10/16/2015 |
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10/15/2015 |
1.605505 |
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10/14/2015 |
0.229885 |
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10/13/2015 |
-0.34364 |
|
10/12/2015 |
0.344828 |
|
10/11/2015 |
0 |
|
10/10/2015 |
0 |
|
10/9/2015 |
0.928074 |
|
10/8/2015 |
0 |
|
10/7/2015 |
0.4662 |
|
10/6/2015 |
0.233645 |
|
10/5/2015 |
0.469484 |
|
10/4/2015 |
0 |
|
10/3/2015 |
0.590319 |
|
10/2/2015 |
0 |
|
10/1/2015 |
0.713436 |
|
9/30/2015 |
0.718563 |
|
9/29/2015 |
-0.11962 |
|
9/28/2015 |
-0.11947 |
|
9/27/2015 |
0 |
|
9/26/2015 |
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|
9/25/2015 |
0.239234 |
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9/24/2015 |
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9/23/2015 |
-0.71006 |
|
9/22/2015 |
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9/21/2015 |
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|
9/20/2015 |
0 |
|
9/19/2015 |
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|
9/18/2015 |
0.116822 |
|
9/17/2015 |
0.705882 |
|
9/16/2015 |
0.472813 |
|
9/15/2015 |
0.118343 |
|
9/14/2015 |
0 |
|
9/13/2015 |
0 |
|
9/12/2015 |
0.118483 |
|
9/11/2015 |
0.47619 |
|
9/10/2015 |
0.11919 |
|
9/9/2015 |
0.720288 |
|
9/8/2015 |
0.361446 |
|
9/7/2015 |
-0.12034 |
|
9/6/2015 |
0 |
|
9/5/2015 |
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|
9/4/2015 |
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9/3/2015 |
-0.59172 |
|
9/2/2015 |
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|
9/1/2015 |
0.236407 |
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8/31/2015 |
0 |
|
8/30/2015 |
0 |
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8/29/2015 |
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8/28/2015 |
0.118064 |
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8/27/2015 |
0.713436 |
|
8/26/2015 |
0.119048 |
|
8/25/2015 |
0.598802 |
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8/24/2015 |
0 |
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8/23/2015 |
0 |
|
8/22/2015 |
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8/21/2015 |
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8/20/2015 |
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8/19/2015 |
0 |
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8/18/2015 |
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8/17/2015 |
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8/16/2015 |
0 |
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8/15/2015 |
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8/14/2015 |
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8/13/2015 |
0.35461 |
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8/12/2015 |
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8/11/2015 |
-0.9324 |
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8/10/2015 |
0 |
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8/9/2015 |
0 |
|
8/8/2015 |
0.116686 |
|
8/7/2015 |
0.233918 |
|
8/6/2015 |
0.352113 |
|
8/5/2015 |
-0.46729 |
|
8/4/2015 |
0.116959 |
|
8/3/2015 |
-0.11682 |
|
8/2/2015 |
0 |
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8/1/2015 |
0.116959 |
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7/31/2015 |
0.117096 |
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7/30/2015 |
-0.92807 |
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7/29/2015 |
0.4662 |
|
7/28/2015 |
0.350877 |
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7/27/2015 |
0.234467 |
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7/26/2015 |
0 |
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7/25/2015 |
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7/24/2015 |
-0.5814 |
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7/23/2015 |
-0.69284 |
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7/22/2015 |
0.115607 |
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7/21/2015 |
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7/20/2015 |
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7/19/2015 |
0.115207 |
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7/18/2015 |
-0.22989 |
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7/17/2015 |
0 |
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7/16/2015 |
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7/15/2015 |
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7/14/2015 |
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7/13/2015 |
0.341686 |
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7/12/2015 |
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7/11/2015 |
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7/10/2015 |
0.340522 |
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7/9/2015 |
0.113636 |
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7/8/2015 |
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7/7/2015 |
-0.33898 |
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7/6/2015 |
-0.44994 |
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7/5/2015 |
-0.11236 |
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7/4/2015 |
0 |
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7/3/2015 |
0.112486 |
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7/2/2015 |
-0.11236 |
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7/1/2015 |
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6/30/2015 |
0.903955 |
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6/29/2015 |
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6/28/2015 |
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6/27/2015 |
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6/26/2015 |
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6/25/2015 |
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6/24/2015 |
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6/23/2015 |
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6/22/2015 |
0.110254 |
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6/21/2015 |
0.220994 |
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6/20/2015 |
0.110619 |
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6/19/2015 |
0.221729 |
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6/18/2015 |
1.121076 |
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6/17/2015 |
-0.11198 |
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6/16/2015 |
-0.11186 |
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6/15/2015 |
0 |
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6/14/2015 |
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6/13/2015 |
0 |
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6/12/2015 |
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6/11/2015 |
0.111483 |
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6/10/2015 |
0.560538 |
|
6/9/2015 |
0.337458 |
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6/8/2015 |
0.112613 |
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6/7/2015 |
0 |
|
6/6/2015 |
-0.78212 |
|
6/5/2015 |
-0.44494 |
|
6/4/2015 |
-0.33259 |
|
6/3/2015 |
0.445434 |
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6/2/2015 |
0.223214 |
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6/1/2015 |
-0.11148 |
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5/31/2015 |
0 |
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5/30/2015 |
-0.22247 |
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5/29/2015 |
-0.22198 |
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5/28/2015 |
0 |
|
5/27/2015 |
-0.55188 |
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5/26/2015 |
-0.43956 |
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5/25/2015 |
0 |
|
5/24/2015 |
0 |
|
5/23/2015 |
-0.43764 |
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5/22/2015 |
0.109529 |
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5/21/2015 |
0.219539 |
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5/20/2015 |
-0.43716 |
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5/19/2015 |
-0.43526 |
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5/18/2015 |
-0.21716 |
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5/17/2015 |
-0.10846 |
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5/16/2015 |
0.326442 |
|
5/15/2015 |
0.437158 |
|
5/14/2015 |
0.219058 |
|
5/13/2015 |
0.109649 |
|
5/12/2015 |
-0.10953 |
|
5/11/2015 |
-0.54466 |
|
5/10/2015 |
0.109051 |
|
5/9/2015 |
0.10917 |
|
5/8/2015 |
-0.10905 |
|
5/7/2015 |
-0.75758 |
|
5/6/2015 |
0.108342 |
|
5/5/2015 |
-0.10823 |
|
5/4/2015 |
-0.10811 |
|
5/3/2015 |
0 |
|
5/2/2015 |
-0.21575 |
|
5/1/2015 |
-0.42965 |
|
4/30/2015 |
-0.42781 |
|
4/29/2015 |
0 |
|
4/28/2015 |
0.537634 |
|
4/27/2015 |
0.323625 |
|
4/26/2015 |
-0.10776 |
|
4/25/2015 |
0.215983 |
|
4/24/2015 |
0.325027 |
|
4/23/2015 |
-0.10823 |
|
4/22/2015 |
0.21692 |
|
4/21/2015 |
-0.10834 |
|
4/20/2015 |
0.10846 |
|
4/19/2015 |
-0.21645 |
|
4/18/2015 |
0.21692 |
|
4/17/2015 |
0.43573 |
|
4/16/2015 |
0.657895 |
|
4/15/2015 |
0 |
|
4/14/2015 |
0.330033 |
|
4/13/2015 |
-0.43812 |
|
4/12/2015 |
0 |
|
4/11/2015 |
0 |
|
4/10/2015 |
-0.10941 |
|
4/9/2015 |
0 |
|
4/8/2015 |
-0.21834 |
|
4/7/2015 |
-0.8658 |
|
4/6/2015 |
0.108342 |
|
4/5/2015 |
0 |
|
4/4/2015 |
0.544662 |
|
4/3/2015 |
0.547645 |
|
4/2/2015 |
0.772627 |
|
4/1/2015 |
0.554939 |
|
3/31/2015 |
-0.22148 |
|
3/30/2015 |
-0.22099 |
|
3/29/2015 |
0 |
|
3/28/2015 |
0.110619 |
|
3/27/2015 |
0 |
|
3/26/2015 |
-0.22075 |
|
3/25/2015 |
0.221239 |
|
3/24/2015 |
0.556174 |
|
3/23/2015 |
0.111359 |
|
3/22/2015 |
0.111483 |
|
3/21/2015 |
0.560538 |
|
3/20/2015 |
-0.11198 |
|
3/19/2015 |
0.790068 |
|
3/18/2015 |
0.112994 |
|
3/17/2015 |
0.45403 |
|
3/16/2015 |
0.4561 |
|
3/15/2015 |
-0.1139 |
|
3/14/2015 |
-0.56625 |
|
3/13/2015 |
-0.45096 |
|
3/12/2015 |
0.225989 |
|
3/11/2015 |
-0.5618 |
|
3/10/2015 |
-0.89087 |
|
3/9/2015 |
0 |
|
3/8/2015 |
-0.11123 |
|
3/7/2015 |
-0.66298 |
|
3/6/2015 |
-0.22051 |
|
3/5/2015 |
-0.22002 |
|
3/4/2015 |
0 |
|
3/3/2015 |
0.331126 |
|
3/2/2015 |
-0.11025 |
|
3/1/2015 |
0 |
|
|
|
|
|
|
