Mean -0.00197784331 0.0020006251677 -0.

0012059
Std 0.10372609029 0.1408896970033 0.03092798

Date Goldman Sachs HPR Bank Of America HPR Barclays HPR

12/1/2010 167.27 13.3 16.69
11/1/2010 155.81 -0.06851199 10.93 -0.17819549 15.96 -0.04373877
10/1/2010 160.44 0.02971568 11.43 0.04574565 17.39 0.089599
9/1/2010 143.96 -0.10271753 13.08 0.14435696 18.57 0.06785509
8/2/2010 136.34 -0.05293137 12.43 -0.04969419 18.25 -0.01723209
7/1/2010 149.79 0.09865043 14.01 0.12711183 20.5 0.12328767
6/1/2010 130.38 -0.12958141 14.34 0.0235546 15.61 -0.23853659
5/3/2010 143.28 0.09894156 15.69 0.09414226 17.3 0.10826393
4/1/2010 143.85 0.00397822 17.78 0.13320586 19.99 0.15549133
3/1/2010 169.05 0.17518248 17.8 0.00112486 21.29 0.06503252
2/1/2010 154.9 -0.08370305 16.6 -0.06741573 18.77 -0.11836543
1/4/2010 147.01 -0.05093609 15.12 -0.08915663 16.67 -0.11188066
12/1/2009 166.9 0.13529692 15 -0.00793651 17.15 0.02879424
11/2/2009 167.71 0.00485321 15.78 0.052 19.22 0.12069971
10/1/2009 167.85 0.00083477 14.52 -0.07984791 20.3 0.05619147
9/1/2009 181.84 0.08334823 16.85 0.16046832 22.96 0.13103448
8/3/2009 163.21 -0.10245271 17.5 0.03857567 23.74 0.03397213
7/1/2009 160.73 -0.01519515 14.72 -0.15885714 19.95 -0.15964617
6/1/2009 145.12 -0.09711939 13.14 -0.10733696 17.91 -0.10225564
5/1/2009 142.3 -0.01943219 11.2 -0.14764079 18.75 0.04690117
4/1/2009 126.15 -0.11349262 8.88 -0.20714286 15.55 -0.17066667
3/2/2009 104.08 -0.17495046 6.78 -0.23648649 8.25 -0.46945338
2/2/2009 89.42 -0.14085319 3.92 -0.42182891 4.99 -0.39515152
1/2/2009 78.83 -0.11842988 6.52 0.66326531 5.55 0.11222445
12/1/2008 82.4 0.04528733 13.96 1.14110429 9.52 0.71531532
11/3/2008 77.13 -0.06395631 15.75 0.1282235 10.93 0.14810924
10/1/2008 90.32 0.17100998 23.43 0.48761905 10.42 -0.04666057
9/2/2008 124.6 0.37953942 33.93 0.44814341 23.99 1.30230326
8/1/2008 159.61 0.28097913 29.6 -0.12761568 24.96 0.04043351
7/1/2008 179.15 0.12242341 31.27 0.05641892 25.44 0.01923077
6/2/2008 169.92 -0.05152107 22.69 -0.27438439 21.65 -0.14897799
5/1/2008 171.39 0.00865113 31.7 0.39709123 28 0.29330254
4/1/2008 185.93 0.08483575 34.99 0.10378549 34.05 0.21607143
3/3/2008 160.39 -0.13736352 35.34 0.01000286 33.86 -0.00558003
2/1/2008 164.5 0.02562504 36.43 0.03084324 33.48 -0.01122268
1/2/2008 193.51 0.17635258 40.47 0.11089761 33.65 0.00507766
12/3/2007 208.18 0.07581004 37.83 -0.06523351 35.97 0.06894502
11/1/2007 219.4 0.05389567 41.68 0.10177108 41.31 0.14845705
10/1/2007 240 0.09389243 43.63 0.04678503 45.31 0.09682885
9/4/2007 209.49 -0.127125 45.43 0.04125602 43.32 -0.04391966
8/1/2007 170.12 -0.1879326 45.22 -0.0046225 44.19 0.0200831
7/2/2007 182.04 0.07006819 42.31 -0.06435206 48.97 0.10816927
6/1/2007 209.12 0.14875851 43.62 0.03096195 48.79 -0.00367572
5/1/2007 222.7 0.06493879 45.25 0.03736818 50.05 0.02582496
4/2/2007 210.92 -0.05289627 44.92 -0.00729282 50.76 0.01418581
3/1/2007 199.04 -0.05632467 45.03 0.0024488 49.8 -0.01891253
2/1/2007 194.34 -0.02361334 44.86 -0.00377526 49.78 -0.00040161
1/3/2007 204.37 0.05161058 45.89 0.02296032 50.15 0.0074327
12/1/2006 191.71 -0.06194647 46.6 0.01547178 49.43 -0.01435693
11/1/2006 187.33 -0.02284701 47 0.00858369 45.96 -0.07020028
10/2/2006 182.51 -0.02573 46.53 -0.01 46.17 0.00456919
9/1/2006 162.37 -0.11035012 46.27 -0.00558779 43.16 -0.06519385
8/1/2006 142.68 -0.12126624 44.46 -0.03911822 43.02 -0.00324374
7/3/2006 146.61 0.02754415 44.04 -0.00944669 39.58 -0.07996281
6/1/2006 144.04 -0.0175295 41.1 -0.06675749 38.3 -0.03233957
5/1/2006 144.54 0.00347126 41.36 0.00632603 38.77 0.01227154
4/3/2006 153.48 0.06185139 42.22 0.02079304 41.7 0.0755739
3/1/2006 149.98 -0.02280427 38.52 -0.08763619 39.15 -0.06115108
2/1/2006 135 -0.09987998 38.36 -0.00415369 38.19 -0.02452107
1/3/2006 134.97 -0.00022222 37 -0.0354536 34.82 -0.088243
12/1/2005 121.8 -0.09757724 38.61 0.04351351 34.29 -0.01522114
11/1/2005 122.99 0.00977011 38.39 -0.00569801 33.22 -0.03120443
10/3/2005 120.52 -0.02008293 36.2 -0.05704611 32.29 -0.02799518
9/1/2005 115.72 -0.03982741 34.84 -0.03756906 33.23 0.02911118
8/1/2005 105.82 -0.08555133 35.61 0.02210103 32.84 -0.01173638
7/1/2005 102.3 -0.03326403 35.67 0.00168492 31.69 -0.03501827
6/1/2005 96.87 -0.05307918 37.31 0.04597701 32.03 0.01072894
5/2/2005 92.58 -0.04428616 37.52 0.00562852 30.7 -0.04152357
4/1/2005 101.4 0.09526896 36.49 -0.02745203 33.28 0.08403909
3/1/2005 104.19 0.02751479 35.72 -0.02110167 33.24 -0.00120192
2/1/2005 103.07 -0.01074959 37.43 0.04787234 35.25 0.06046931
1/3/2005 102.17 -0.00873193 37.2 -0.0061448 34.51 -0.02099291
12/1/2004 98.32 -0.03768229 37.7 0.01344086 35.7 0.03448276
11/1/2004 99 0.00691619 36.76 -0.02493369 32.53 -0.08879552
10/1/2004 92.97 -0.06090909 35.59 -0.03182807 30.84 -0.05195204
9/1/2004 87.87 -0.05485641 34.43 -0.03259343 30.24 -0.01945525
8/2/2004 84.49 -0.03846592 35.38 0.02759222 29.22 -0.03373016
7/1/2004 83.12 -0.01621494 33.43 -0.05511588 26.02 -0.10951403
6/1/2004 88.49 0.06460539 33.28 -0.00448699 26.82 0.03074558
 5/3/2004 88.25 -0.00271217 32.38 -0.02704327 27.35 0.01976137
4/1/2004 90.92 0.03025496 31.35 -0.03180976 28.14 0.02888483
3/1/2004 97.82 0.07589089 31.54 0.00606061 27.81 -0.01172708
2/2/2004 99.25 0.01461869 31.6 0.00190235 28.35 0.01941748
1/2/2004 93.32 -0.05974811 31.42 -0.0056962 27.51 -0.02962963
12/1/2003 92.33 -0.01060866 31.02 -0.01273074 27.24 -0.00981461
11/3/2003 89.85 -0.02686018 28.79 -0.0718891 26.67 -0.02092511
10/1/2003 87.81 -0.02270451 28.91 0.00416811 25.85 -0.03074616
9/2/2003 78.23 -0.10909919 29.79 0.03043929 23.23 -0.10135397
8/1/2003 82.51 0.05471047 29.94 0.00503525 22.16 -0.04606113
7/1/2003 81.25 -0.01527088 31.2 0.04208417 22.34 0.00812274
6/2/2003 77.86 -0.04172308 29.86 -0.04294872 22.1 -0.01074306
5/1/2003 75.77 -0.02684305 27.8 -0.06898861 21.3 -0.0361991
4/1/2003 70.56 -0.06876072 27.74 -0.00215827 20.69 -0.0286385
3/3/2003 63.2 -0.10430839 25.04 -0.09733237 17.24 -0.16674722
2/3/2003 64.47 0.02009494 25.7 0.02635783 16.99 -0.01450116
1/2/2003 63.21 -0.01954397 26 0.01167315 17.09 0.00588582
12/2/2002 63.11 -0.00158203 25.82 -0.00692308 17.58 0.02867174
11/1/2002 72.96 0.15607669 25.77 -0.00193648 20.89 0.18828214
10/1/2002 66.24 -0.09210526 25.67 -0.00388048 19.98 -0.04356151
9/3/2002 60.99 -0.07925725 23.46 -0.08609272 16.92 -0.15315315
8/1/2002 71.4 0.17068372 25.54 0.08866155 20.57 0.21572104
7/1/2002 67.56 -0.05378151 24.23 -0.05129209 21.34 0.03743316
6/3/2002 67.63 0.00103612 25.64 0.05819232 23.6 0.1059044
5/1/2002 69.57 0.02868549 27.4 0.06864275 24.96 0.05762712
4/1/2002 72.61 0.043697 26.2 -0.04379562 25 0.00160256
3/1/2002 83.08 0.14419501 24.59 -0.06145038 21.6 -0.136
2/4/2002 74.51 -0.10315359 23.12 -0.0597804 21.13 -0.02175926
1/2/2002 80.07 0.07462086 22.57 -0.02378893 21.97 0.0397539
12/3/2001 85.27 0.06494317 22.54 -0.0013292 23.02 0.04779244
11/1/2001 81.82 -0.04045972 21.77 -0.03416149 21.11 -0.08297133
10/1/2001 71.86 -0.12173063 20.92 -0.03904456 21.05 -0.00284225
9/4/2001 65.5 -0.08850543 20.71 -0.01003824 18.95 -0.09976247
8/1/2001 73.53 0.12259542 21.61 0.04345727 21.39 0.12875989
7/2/2001 76.34 0.03821569 22.36 0.03470615 20.15 -0.05797101
6/1/2001 78.65 0.03025937 21.1 -0.05635063 21.23 0.05359801
5/1/2001 87.17 0.10832804 20.82 -0.01327014 20.47 -0.0357984
4/2/2001 83.51 -0.04198692 19.49 -0.06388088 21.84 0.06692721
3/1/2001 77.91 -0.06705784 19.06 -0.0220626 21.28 -0.02564103
2/1/2001 84 0.07816712 17.65 -0.07397692 20.84 -0.02067669
1/2/2001 104.14 0.2397619 18.53 0.04985836 21.75 0.04366603
12/1/2000 97.8 -0.06087959 15.8 -0.14732866 21.37 -0.01747126
11/1/2000 75.11 -0.23200409 13.75 -0.12974684 18.76 -0.12213383
10/2/2000 91.28 0.21528425 16.32 0.18690909 19.61 0.04530917
9/1/2000 104.19 0.14143295 17.79 0.09007353 18.35 -0.06425293
8/1/2000 118.29 0.13532969 18.19 0.02248454 17.1 -0.06811989
7/3/2000 90.14 -0.23797447 15.93 -0.12424409 14.88 -0.12982456
6/1/2000 86.47 -0.04071444 14.46 -0.09227872 16.38 0.10080645
5/1/2000 67.11 -0.22389268 18.64 0.28907331 17.53 0.07020757
4/3/2000 85.08 0.26776933 16.33 -0.12392704 18.02 0.02795208
3/1/2000 95.9 0.12717442 17.47 0.06981017 18.02 0
2/1/2000 84.28 -0.12116788 15.16 -0.13222667 16.13 -0.10488346
1/3/2000 83.49 -0.00937352 15.96 0.05277045 15.69 -0.02727836
12/1/1999 85.59 0.02515271 16.54 0.03634085 18.43 0.17463352
11/1/1999 68.26 -0.20247692 19.15 0.15779927 18.62 0.01030928
10/1/1999 64.52 -0.05479051 21.05 0.09921671 19.13 0.0273899
9/1/1999 55.21 -0.14429634 18.2 -0.13539192 19.05 -0.00418191
8/2/1999 54.14 -0.01938055 19.62 0.07802198 18.85 -0.01049869
7/1/1999 57.96 0.07055781 21.52 0.09683996 18.85 0
6/1/1999 65.11 0.12336094 23.77 0.1045539 18.93 0.00424403
5/4/1999 61.23 -0.05959146 20.83 -0.12368532 19.32 0.02060222
23.04 0.10609698 19.8 0.02484472
22.74 -0.01302083 18.08 -0.08686869
20.89 -0.08135444 17.11 -0.05365044
21.39 0.0239349 13.81 -0.19286967
19.23 -0.10098177 14 0.01375815
20.71 0.07696308 14.46 0.03285714
18.26 -0.11830034 13.45 -0.06984786
16.99 -0.06955093 10.12 -0.24758364
18.14 0.06768687 13.78 0.36166008
25.16 0.38699008 17.27 0.2532656
24.2 -0.0381558 17.42 0.00868558
23.7 -0.02066116 16.38 -0.05970149
23.86 0.00675105 18.02 0.1001221
22.9 -0.0402347 18.48 0.02552719
21.39 -0.06593886 18.02 -0.02489177
18.7 -0.1257597 17.99 -0.00166482
18.99 0.01550802 16.37 -0.09005003
18.64 -0.01843075 14.65 -0.10507025
18.56 -0.00429185 15.14 0.0334471
19.2 0.03448276 16.19 0.06935271
18.44 -0.03958333 13.68 -0.15503397
21.97 0.19143167 12.55 -0.08260234
19.92 -0.09330906 11.79 -0.06055777
18.07 -0.09287149 11.63 -0.01357082
18.53 0.02545656 10.89 -0.06362855
17.03 -0.08094981 9.75 -0.1046832
18.31 0.07516148 10.67 0.09435897
16.5 -0.09885309 10.75 0.00749766
14.92 -0.09575758 9.9 -0.07906977
15.71 0.05294906 10.07 0.01717172
14.29 -0.09038829 9.15 -0.09136048
13.17 -0.07837649 8.43 -0.07868852
12.82 -0.02657555 8.28 -0.01779359
12.95 0.01014041 7.2 -0.13043478
12.44 -0.03938224 6.74 -0.06388889
12.13 -0.02491961 6.69 -0.0074184
11.94 -0.01566364 6.31 -0.0568012
11.98 0.00335008 6.42 0.01743265
11.03 -0.07929883 6.57 0.02336449
10.37 -0.05983681 6.72 0.02283105
10.33 -0.00385728 6.3 -0.0625
10.61 0.02710552 6.65 0.05555556
9.68 -0.08765316 6.51 -0.02105263
9.9 0.02272727 6.53 0.0030722
9.03 -0.08787879 6.22 -0.0474732
8.19 -0.09302326 6.45 0.03697749
7.83 -0.04395604 5.96 -0.07596899
8.27 0.05619413 5.85 -0.01845638
7.23 -0.12575574 5.77 -0.01367521
7.34 0.01521438 5.65 -0.02079723
7.22 -0.01634877 5.15 -0.08849558
6.68 -0.07479224 5 -0.02912621
6.47 -0.03143713 5.1 0.02
6.43 -0.00618238 5.12 0.00392157
7.01 0.09020218 5.02 -0.01953125
6.94 -0.00998573 4.83 -0.03784861
7.9 0.13832853 4.82 -0.00207039
7.83 -0.00886076 4.46 -0.0746888
7.22 -0.07790549 4.26 -0.04484305
7.78 0.07756233 3.98 -0.0657277
7.28 -0.06426735 4.1 0.03015075
6.38 -0.12362637 4.03 -0.01707317
6.81 0.06739812 4.27 0.05955335
7.01 0.02936858 4.88 0.14285714
6.76 -0.03566334 4.85 -0.00614754
6.51 -0.03698225 4.44 -0.08453608
6.38 -0.01996928 4.34 -0.02252252
7.05 0.10501567 4.02 -0.07373272
7.05 0 3.92 -0.02487562
6.84 -0.02978723 3.68 -0.06122449
6.73 -0.01608187 3.6 -0.02173913
6.39 -0.05052006 3.45 -0.04166667
6.68 0.04538341 3.45 0
7.35 0.1002994 3.26 -0.05507246
7.15 -0.02721088 3.12 -0.04294479
7.18 0.0041958 3.18 0.01923077
6.86 -0.04456825 2.89 -0.09119497
6.73 -0.01895044 2.93 0.01384083
6.13 -0.08915305 2.73 -0.06825939
5.88 -0.04078303 3.06 0.12087912
5.68 -0.03401361 2.9 -0.05228758
6.04 0.06338028 2.96 0.02068966
6.26 0.03642384 3.06 0.03378378
6.06 -0.03194888 3.29 0.0751634
6.22 0.02640264 2.96 -0.10030395
5.93 -0.04662379 2.58 -0.12837838
6.14 0.03541315 2.95 0.14341085
5.67 -0.07654723 3.13 0.06101695
5.25 -0.07407407 3.2 0.02236422
4.4 -0.16190476 2.92 -0.0875
4.78 0.08636364 3.42 0.17123288
4.56 -0.0460251 3.66 0.07017544
4.94 0.08333333 3.72 0.01639344
4.4 -0.10931174 3.59 -0.03494624
4.53 0.02954545 3.19 -0.11142061
5.29 0.16777042 3.47 0.08777429
4.63 -0.12476371 3.47 0
4.35 -0.06047516 3.53 0.01729107
3.63 -0.16551724 3.48 -0.01416431
3.49 -0.03856749 3.16 -0.09195402
2.84 -0.18624642 3.08 -0.02531646
2.93 0.03169014 3.19 0.03571429
2.11 -0.27986348 2.8 -0.12225705
2.61 0.23696682 2.53 -0.09642857
3.99 0.52873563 2.94 0.16205534
4.34 0.0877193 3.02 0.02721088
4.53 0.0437788 2.93 -0.02980132
4.68 0.03311258 2.84 -0.03071672
4.55 -0.02777778 2.51 -0.11619718
4.64 0.01978022 2.92 0.16334661
5.33 0.1487069 2.79 -0.04452055
4.99 -0.06378987 2.81 0.00716846
5.49 0.1002004 2.7 -0.03914591
5.57 0.01457195 2.46 -0.08888889
5.58 0.00179533 2.15 -0.12601626
6.2 0.11111111 2.53 0.17674419
6.15 -0.00806452 2.5 -0.01185771
6.28 0.02113821 2.45 -0.02
5.31 -0.1544586 2 -0.18367347
5.5 0.03578154 2.03 0.015
4.25 -0.22727273 2.15 0.0591133
4.14 -0.02588235 2.12 -0.01395349
3.87 -0.06521739 2.12 0
3.47 -0.10335917 2.24 0.05660377
3.16 -0.08933718 2.01 -0.10267857
3.11 -0.01582278 2.13 0.05970149
3.27 0.05144695 2.06 -0.03286385
3.23 -0.01223242 1.93 -0.0631068
3.07 -0.0495356 1.83 -0.05181347
2.66 -0.13355049 1.94 0.06010929
2.76 0.03759398 1.9 -0.02061856
2.47 -0.10507246 1.95 0.02631579
2.32 -0.06072874 1.95 0
2.22 -0.04310345 2.43 0.24615385
2.5 0.12612613 2.27 -0.06584362
2.32 -0.072 2.26 -0.00440529
1.92 -0.17241379 2.22 -0.01769912
1.98 0.03125 2.04 -0.08108108
2.02 0.02020202 2.24 0.09803922
2.68 0.32673267 2.54 0.13392857
3 0.11940299 2.42 -0.04724409
2.71 -0.09666667 2.55 0.05371901
2.82 0.04059041 2.39 -0.0627451
2.54 -0.09929078 2.24 -0.06276151
2.55 0.00393701 2.19 -0.02232143
2.73 0.07058824 2.13 -0.02739726
2.67 -0.02197802 2.07 -0.02816901
2.57 -0.03745318 2.16 0.04347826
2.31 -0.10116732 1.98 -0.08333333
2.31 0 1.79 -0.0959596
2.35 0.01731602 1.76 -0.01675978
2.4 0.0212766 1.76 0
2.71 0.12916667
2.51 -0.07380074
2.85 0.13545817
2.91 0.02105263
 Correlation Matrix

Barclays Goldman Sachs Bank of America

Goldman Sachs
Bank Of America
Barclays
250

230

210

190

170

150

130

110

90

70

50
7/24/98 12/6/99 4/19/01 9/1/02 1/14/04 5/28/05 10/10/06 2/22/08 7/6/09
10/10/06 2/22/08 7/6/09 11/18/10 4/1/12