Aim of the Kentucky Fried Chicken ( KFC ) have two aims are stated nonsubjective and implied aim. First aims in the declared aim are merchandise development. In this nonsubjective the KFC do the addition assortment on bill of fare, present desert bill of fare and present counter to eating houses. Second aims from the stated aim is debut on the Neighborhood Program with menu points target African Americans in major metropoliss with the points of leafy vegetables, macaroni and cheese, peach shoemaker and ruddy beans and rise. Besides that, menu points aiming Hispanics in major metropoliss with the points of fried plantains, flan and braid bloodsuckers.
Others aims is execution on non-traditional units including the shopping promenade nutrient tribunals, universities, infirmaries, airdromes, bowls, amusement Parkss, office edifice and nomadic units. After that, in this aims want to increase profitableness of KFC through the decreased operating expense costs, increased efficiencies, improved client service, cleaner eating houses, faster and friendlier service and continued high quality merchandises. Besides have to decide franchise jobs in the United States.
In implied aims have four aims. First aim is enlargement of international operations to supply the increased per centum of overall gross revenues growing and increased per centums of net income growing. Besides want to increased enlargement of franchises into Mexico. The following aim is enlargement of franchise operation beyond Central America, continued publicity of healthier image through remotion of the universe “ fried ” from the name and to better bill of fare choice of rotisserie.
Industry analysis is of import to unusual for a house in a troubled industry to execute good. The economic construction of an industry is non an accident. It is complexnesss are the consequence of long term societal tendencies and economic forces. But its effects to the concern director are immediate because it determines the competitory regulations and schemes to utilize. Five forces that are widely use to measure the construction of any industry. The five forces are the dickering power of provider, dickering power of the purchasers, menace of new entrants, menace of replacement and competition among rivals. The strength of the five forces determines the net income potency in an industry by act uponing the monetary value, costs and needed investing of concern it is the component of return on investing. Stronger forces are associated with a more ambitious concern environment.
In the first forces is dickering power of providers that ‘s means any concern requires inputs such as labour, parts, natural, stuffs and services. The cost of inputs can hold a important consequence to company ‘s profitableness. Whether the strength of providers represent a weak or threading force thing on the sum or bargaining can exercise and finally on how can act upon the footings and conditions of dealing in their favour. Besides that ‘s, to cut downing the bargaining power of providers are cut down stock list costs by supplying merely in clip delivers, heighten the value of goods and services supplied usage of information about client demands and penchants and rush the acceptance of new engineerings.
Second forces is dickering power of purchasers that ‘s the power of purchasers describe the consequence that the clients have on the profitableness of the concern. The dealing between the marketer and the purchaser creates value for both parties. Buyers have more power when the industry has many little companies providing the merchandise and purchasers are few and big. After that the clients have entree to and are able to measure market information. To cut downing the bargaining power of purchasers are increasing their trueness to the concern through partnerships or trueness plans, selling straight to clients, or increasing the inherent or perceived value of a merchandise by adding characteristics or stria.
The following forces of the industry are menace of new entrants that ‘s means the new entrants is the possibility that new houses will come in the industry. New entrants bring a desire to derive market portion and frequently have important resources. Analyzing the menace of new entrants involves analyzing the barriers to entry and the expected reactions of bing houses to new rivals. These barriers protect the companies already in concern by being a hurdle to those seeking to come in the market. Entry barriers are alone for each industry and state of affairs, and a alteration over clip. The menace of new entrants is greatest when the procedures are non protected by ordinances or patents and rivals may be scared off when the acquisition curve is steep, rivals will be attracted to an industry where the production procedure is easy learned.
The menace of replacements is forces of industry. Be cognizant that replacement merchandises can come in many form and size, and do non ever come from traditional rivals. Merchandises from one concern can be replaced by merchandises from another. Substitute merchandises are those that can carry through a similar demand to the one merchandise fills. Substitutes are a greater menace when the merchandises does non offer any existent benefit compared to other merchandises. After that, it is easy for clients to exchange. Means that ‘s a grocer can easy exchange from paper to plastic bags for its clients, but bottler may hold to reconfigure its equipment and retains its workers if it switches from aluminium tins to fictile bottles. To cut downing the menace of replacements is utilizing tactics such as remaining closely in melody with client penchant and distinguishing the merchandise by branding.
The last forces are rivalry among rivals. Competition is the foundation of the free endeavor system yet with little concern even a small competition goes a long manner. Because company in an industry is reciprocally dependent, actions by one company normally invite competitory revenge. Rivalry among rivals is frequently the strongest of the five competitory forces, but can change widely among industries. If the competitory force is weak, companies may be able to raise monetary values, provide fewer merchandises for the monetary value, and gain more net incomes. The most intense competitions occur when one house or a little figure of houses have inducement to seek and go the market leader or when the market is turning easy or shriveling. To cut downing the menace of challengers is using a assortment of tactics. To minimise monetary value competition, separate the merchandises from the rivals by introducing or bettering characteristics.
WHAT IS KFC
KFC Corporation founded and besides known as Kentucky Fried Chicken is a concatenation of fast nutrient eating houses based in Louisville, Kentucky. KFC has been a trade name and operating section, called a “ construct ” , of Yum! Trade names since 1997 when that company was spun off from PepsiCo as Tricon Global Restaurants Inc. The company was founded as Kentucky Fried Chicken by Colonel Harland Sanders in 1952, through the thought of KFC ‘s fried poulet really goes back to 1930. The company adopted the brief signifier of its name in 1991. Get downing in April 2007, the company began utilizing its original name, Kentucky Fried Chicken, fir its signage, packaging and advertizement in the United State as portion of a new corporate rebranding plan, newer and remodeled eating houses will hold the new logo and name while older shops will go on to utilize the 1980s signage.
Since its origin, KFC has evolved through several different organisational alterations. These alterations were brought approximately due to the alterations of ownership that followed since Colonel Sanders foremost sold KFC in 1964. In 1964, KFC was sold a little group of discoverers that finally took it public. Heublein, Inc, purchased KFC in 1971 and was extremely involved in the twenty-four hours to twenty-four hours operations. R.J. Reynolds so acquired Heublein in 1982. R.J. took a more set back attack and allowed concern as usual at KFC. Finally, in 1986, KFC was acquired by PepsiCo, which was seeking to turn is speedy service eating house section. PepsiCo soon runs Taco Bell, Pizza Hut and KFC. The PepsiCo direction manner and corporate civilization was significantly different from that of KFC.
By the terminal of 1994, KFC was runing 4 258 eating houses in 68 foreign states. KFC is the largest poulet eating house and the 3rd largest speedy service concatenation in the universe. Due to market impregnation in the United States, international enlargement will be critical to increased profitableness and growing. The companies of KFC have more than 36 000 locations around the universe. The company is graded figure 239 on the Fortune 500 list, with grosss in surplus on $ 11 billion in 2008. Every twenty-four hours, more than 12 million clients are served at KFC eating houses in 109 states and districts around the universe. The companies of KFC more than 15 000 units around the universe.
SWOT ANALYSIS
SWOT analysis is a strategic planning method used to measure the strengths, failings, chances and menaces involved in a undertaking or in a concern venture. It involves stipulating the aim of the concern venture or undertaking and placing the internal and external factors that are favourable and unfavourable to accomplishing that aim. A SWOT analysis must first with specifying a coveted terminal province or aim. A SWOT analysis may be incorporated into the strategic planning theoretical account. Strategic Planning, including SWOT and SCAN analysis, has been the topic of much research.
After that, in SWOT analysis have the strengths, failings, chances and menaces. The strengths are properties of the individual or company that are helpful to accomplishing the aims. The failings are properties of the individual or company that are harmful to accomplishing the aims. After that, the chances means external conditions that are helpful to accomplishing the aims and the last is menaces means that external conditions which could make damage to the aims.
In the strength have the deficiency of secondary trading such as sukuk flexibleness of the Syariah, Syariah Supervision, advantages of spiritual preposition, less usage of money for bad intent, Godhead beginnings, Islamic evaluation bureaus, morale and committedness to function, immense sum of salvaging, advanced facet, location wise and geographically, transparence, justness and equity, harmonizing criterions, quality of service, legal and regulative model and information system.
After that, the failings have are deficiency of standardisation, change by reversal technology of conventional merchandise, there are differences in theory and pattern, deficiency of Islamic gedging mechanism, no fixed duties, unsolved fiqh issue, little per centum of net income loss sharing merchandise, deficiency of qualified forces, clip or season factors, disadvantages of proposition, divergency of Shariah sentiment and deficiency of Shariah compliant investing avenue.
The chances have the technological progresss, Islamic is a complete solution, the growing of socially responsible investment, religion based client, big possible in front in retail, corporate and investing banking, possible relating to sukuk, better client dealingss, functioning for all possible specific sectors, possible in fund direction and supply advanced merchandise.
The last is menaces have the planetary fiscal crisis, economic uncertainness in planetary market, market demand, deficit of resorts, deficiency of sustainable fiscal backup, intense competition from the conventional establishments, dearth of 100 % Syariah compliant solution, liquidness and pecuniary direction, a batch statute law is required, deficiency of consciousness and apprehension of Islamic fiscal merchandise and sophisticated conventional fiscal system.
Calculation
KFC
NAB
ALL ORDINARIES
A
Date
ADJ CLOSE
Tax return
ks-k bars
( ks-k bars ) 2
1
1/6/2003
3.5
A
A
A
2
1/13/2003
3.6
-0.012234456
-0.011218519
0.0001258552
3
1/20/2003
3.78
-0.021189299
-0.020173361
0.0004069645
4
1/27/2003
3.62
0.018783229
0.019799167
0.0003920070
5
2/5/2003
3.52
0.012165907
0.013181845
0.0001737610
6
2/10/2003
3.46
0.007466565
0.008482502
0.0000719528
7
2/17/2003
3.12
0.044921505
0.045937442
0.0021102486
8
2/24/2003
3.5
-0.04991345
-0.048897513
0.0023909667
9
3/3/2003
3.5
0
0.001015938
0.0000010321
10
3/10/2003
3.46
0.004991946
0.006007883
0.0000360947
11
3/17/2003
3.4
0.007597182
0.008613119
0.0000741858
12
3/24/2003
3.46
-0.007597182
-0.006581244
0.0000433128
13
3/31/2003
3.42
0.005049993
0.00606593
0.0000367955
14
4/7/2003
3.46
-0.005049993
-0.004034055
0.0000162736
15
4/14/2003
3.42
0.005049993
0.00606593
0.0000367955
16
4/21/2003
3.5
-0.010041938
-0.009026001
0.0000814687
17
4/28/2003
3.5
0
0.001015938
0.0000010321
18
5/5/2003
3.5
0
0.001015938
0.0000010321
19
5/12/2003
3.48
0.0024888
0.003504738
0.0000122832
20
5/19/2003
3.48
0
0.001015938
0.0000010321
21
5/26/2003
3.48
0
0.001015938
0.0000010321
22
6/2/2003
3.5
-0.0024888
-0.001472863
0.0000021693
23
6/9/2003
3.66
-0.019413041
-0.018397103
0.0003384534
24
6/16/2003
3.66
0
0.001015938
0.0000010321
25
6/23/2003
3.6
0.007178585
0.008194522
0.0000671502
26
6/30/2003
3.56
0.004852503
0.005868441
0.0000344386
27
7/7/2003
3.8
-0.028333599
-0.027317661
0.0007462546
28
7/14/2003
3.76
0.004595752
0.005611689
0.0000314911
29
7/21/2003
3.86
-0.01139946
-0.010383522
0.0001078175
30
7/28/2003
3.94
-0.008908917
-0.007892979
0.0000622991
31
8/4/2003
4
-0.00656377
-0.005547832
0.0000307784
32
8/11/2003
3.98
0.002176919
0.003192857
0.0000101943
33
8/18/2003
4.38
-0.041591038
-0.040575101
0.0016463388
34
8/25/2003
4.48
-0.009803903
-0.008787966
0.0000772283
35
9/1/2003
4.44
0.003895044
0.004910982
0.0000241177
36
9/8/2003
4.46
-0.001951889
-0.000935951
0.0000008760
37
9/15/2003
4.2
0.026085568
0.027101506
0.0007344916
38
9/22/2003
4.28
-0.008194479
-0.007178541
0.0000515314
39
9/29/2003
4.22
0.006131318
0.007147256
0.0000510833
40
10/6/2003
4.26
-0.004097148
-0.00308121
0.0000094939
41
10/13/2003
4.46
-0.01992526
-0.018909322
0.0003575625
42
10/20/2003
4.64
-0.017183122
-0.016167184
0.0002613778
43
10/27/2003
4.84
-0.018327381
-0.017311443
0.0002996861
44
11/3/2003
4.8
0.003604124
0.004620062
0.0000213450
45
11/10/2003
4.5
0.028028724
0.029044661
0.0008435924
46
11/17/2003
4.44
0.005829544
0.006845481
0.0000468606
47
11/24/2003
4.36
0.007896481
0.008912419
0.0000794312
48
12/1/2003
4.3
0.006018034
0.007033971
0.0000494768
49
12/8/2003
4.26
0.004058856
0.005074794
0.0000257535
50
12/15/2003
4.28
-0.00203417
-0.001018232
0.0000010368
51
12/22/2003
4.26
0.00203417
0.003050108
0.0000093032
52
12/29/2003
4.24
0.002043743
0.00305968
0.0000093616
53
1/5/2004
4.3
-0.006102599
-0.005086661
0.0000258741
54
1/12/2004
4.62
-0.03117352
-0.030157582
0.0009094798
55
1/19/2004
4.66
-0.003743941
-0.002728003
0.0000074420
56
1/26/2004
4.6
0.005628085
0.006644023
0.0000441430
57
2/4/2004
4.62
-0.001884144
-0.000868206
0.0000007538
58
2/9/2004
4.38
0.023167865
0.024183803
0.0005848563
59
2/16/2004
4.36
0.001987621
0.003003559
0.0000090214
60
2/24/2004
4.48
-0.011791525
-0.010775587
0.0001161133
61
3/1/2004
4.42
0.005855745
0.006871682
0.0000472200
62
3/8/2004
4.44
-0.001960701
-0.000944763
0.0000008926
63
3/15/2004
4.3
0.013914515
0.014930452
0.0002229184
64
3/22/2004
4.3
0
0.001015938
0.0000010321
65
3/29/2004
4.3
0
0.001015938
0.0000010321
66
4/5/2004
4.5
-0.019744058
-0.01872812
0.0003507425
67
4/12/2004
4.68
-0.017033339
-0.016017402
0.0002565572
68
4/19/2004
4.6
0.007488021
0.008503959
0.0000723173
69
4/26/2004
3.78
0.085266032
0.08628197
0.0074445783
70
5/3/2004
3.74
0.004620198
0.005636135
0.0000317660
71
5/10/2004
3.72
0.002328662
0.0033446
0.0000111863
72
5/17/2004
3.56
0.019092942
0.02010888
0.0004043670
73
5/24/2004
3.74
-0.021421604
-0.020405667
0.0004163912
74
5/31/2004
3.7
0.004669878
0.005685816
0.0000323285
75
6/7/2004
3.68
0.002353905
0.003369843
0.0000113558
76
6/14/2004
3.58
0.011964792
0.01298073
0.0001684993
77
6/21/2004
3.44
0.017324584
0.018340522
0.0003363747
78
6/28/2004
3.24
0.026013432
0.02702937
0.0007305868
79
7/5/2004
3.18
0.00811789
0.009133828
0.0000834268
80
7/12/2004
3.32
-0.018710964
-0.017695026
0.0003131139
81
7/19/2004
3.3
0.002624144
0.003640082
0.0000132502
82
7/26/2004
3.2
0.013363962
0.014379899
0.0002067815
83
8/2/2004
3.22
-0.002705893
-0.001689956
0.0000028560
84
8/9/2004
3.2
0.002705893
0.003721831
0.0000138520
85
8/16/2004
3.12
0.010995384
0.012011322
0.0001442719
86
8/23/2004
3
0.017033339
0.018049277
0.0003257764
87
8/30/2004
3.14
-0.019808393
-0.018792456
0.0003531564
88
9/6/2004
3.14
0
0.001015938
0.0000010321
89
9/13/2004
3.16
-0.002757435
-0.001741497
0.0000030328
90
9/20/2004
3.34
-0.024059384
-0.023043446
0.0005310004
91
9/27/2004
3.3
0.005232527
0.006248465
0.0000390433
92
10/4/2004
3.34
-0.005232527
-0.004216589
0.0000177796
93
10/11/2004
3.42
-0.010279639
-0.009263702
0.0000858162
94
10/18/2004
3.36
0.007686829
0.008702766
0.0000757381
95
10/25/2004
3.4
-0.00513964
-0.004123702
0.0000170049
96
11/1/2004
3.48
-0.010100327
-0.009084389
0.0000825261
97
11/8/2004
3.48
0
0.001015938
0.0000010321
98
11/15/2004
3.54
-0.007424018
-0.00640808
0.0000410635
99
11/22/2004
3.5
0.004935218
0.005951155
0.0000354163
100
12/6/2004
3.5
0
0.001015938
0.0000010321
101
12/13/2004
3.44
0.007509602
0.008525539
0.0000726848
102
12/20/2004
3.5
-0.007509602
-0.006493664
0.0000421677
103
12/27/2004
3.52
-0.002474619
-0.001458681
0.0000021278
104
1/3/2005
3.58
-0.007340363
-0.006324425
0.0000399984
105
1/10/2005
3.8
-0.02590057
-0.024884632
0.0006192449
106
1/17/2005
3.9
-0.01128101
-0.010265073
0.0001053717
107
1/24/2005
3.8
0.01128101
0.012296948
0.0001512149
108
1/31/2005
3.82
-0.002279766
-0.001263829
0.0000015973
109
2/7/2005
3.8
0.002279766
0.003295704
0.0000108617
110
2/14/2005
3.8
0
0.001015938
0.0000010321
111
2/21/2005
3.84
-0.004547628
-0.00353169
0.0000124728
112
2/28/2005
3.88
-0.004500501
-0.003484564
0.0000121422
113
3/7/2005
3.86
0.002244421
0.003260359
0.0000106299
114
3/14/2005
3.82
0.004523942
0.005539879
0.0000306903
115
3/21/2005
3.8
0.002279766
0.003295704
0.0000108617
116
3/28/2005
3.8
0
0.001015938
0.0000010321
117
4/4/2005
3.74
0.006911994
0.007927932
0.0000628521
118
4/11/2005
3.7
0.004669878
0.005685816
0.0000323285
119
4/18/2005
3.74
-0.004669878
-0.00365394
0.0000133513
120
4/25/2005
3.76
-0.002316243
-0.001300305
0.0000016908
121
5/3/2005
3.68
0.009340026
0.010355964
0.0001072460
122
5/9/2005
3.7
-0.002353905
-0.001337968
0.0000017902
123
5/16/2005
3.68
0.002353905
0.003369843
0.0000113558
124
5/24/2005
3.58
0.011964792
0.01298073
0.0001684993
125
5/30/2005
3.52
0.007340363
0.008356301
0.0000698278
126
6/6/2005
3.32
0.02540458
0.026420517
0.0006980437
127
6/13/2005
3.22
0.013282212
0.01429815
0.0002044371
128
6/20/2005
3.32
-0.013282212
-0.012266274
0.0001504615
129
6/27/2005
3.28
0.00526424
0.006280178
0.0000394406
130
7/4/2005
3.46
-0.023202255
-0.022186317
0.0004922327
131
7/11/2005
3.3
0.020562159
0.021578097
0.0004656143
132
7/18/2005
3.32
-0.002624144
-0.001608206
0.0000025863
133
7/25/2005
3.3
0.002624144
0.003640082
0.0000132502
134
8/1/2005
3.3
0
0.001015938
0.0000010321
135
8/8/2005
3.62
-0.040194631
-0.039178693
0.0015349700
136
8/15/2005
3.6
0.00240607
0.003422007
0.0000117101
137
8/22/2005
3.6
0
0.001015938
0.0000010321
138
8/29/2005
3.5
0.012234456
0.013250394
0.0001755729
139
9/5/2005
3.5
0
0.001015938
0.0000010321
140
9/12/2005
3.46
0.004991946
0.006007883
0.0000360947
141
9/19/2005
3.64
-0.022025285
-0.021009347
0.0004413927
142
9/26/2005
3.6
0.004798883
0.005814821
0.0000338121
143
10/3/2005
3.62
-0.00240607
-0.001390132
0.0000019325
144
10/10/2005
3.72
-0.011834369
-0.010818432
0.0001170385
145
10/17/2005
3.72
0
0.001015938
0.0000010321
146
10/24/2005
3.68
0.004695121
0.005711059
0.0000326162
147
10/31/2005
3.72
-0.004695121
-0.003679183
0.0000135364
148
11/7/2005
3.7
0.002341216
0.003357154
0.0000112705
149
11/14/2005
3.74
-0.004669878
-0.00365394
0.0000133513
150
11/21/2005
3.74
0
0.001015938
0.0000010321
151
11/28/2005
3.72
0.002328662
0.0033446
0.0000111863
152
12/5/2005
3.76
-0.004644905
-0.003628967
0.0000131694
153
12/12/2005
3.72
0.004644905
0.005660843
0.0000320451
154
12/19/2005
3.74
-0.002328662
-0.001312725
0.0000017232
155
12/26/2005
3.82
-0.009191761
-0.008175823
0.0000668441
156
1/3/2006
4.1
-0.030720494
-0.029704556
0.0008823607
157
1/9/2006
4.12
-0.002113359
-0.001097422
0.0000012043
158
1/16/2006
4.02
0.010671163
0.011687101
0.0001365883
159
1/23/2006
3.94
0.008729831
0.009745769
0.0000949800
160
2/6/2006
4.16
-0.023597109
-0.022581171
0.0005099093
161
2/13/2006
4.14
0.00209299
0.003108927
0.0000096654
162
2/20/2006
4.04
0.010618976
0.011634914
0.0001353712
163
2/27/2006
3.98
0.006498293
0.007514231
0.0000564637
164
3/6/2006
4.04
-0.006498293
-0.005482355
0.0000300562
165
3/13/2006
3.88
0.01754964
0.018565577
0.0003446807
166
3/20/2006
3.8
0.009048129
0.010064067
0.0001012854
167
3/27/2006
3.82
-0.002279766
-0.001263829
0.0000015973
168
4/3/2006
3.78
0.004571563
0.005587501
0.0000312202
169
4/10/2006
3.8
-0.002291797
-0.001275859
0.0000016278
170
4/17/2006
4.32
-0.05570015
-0.054684212
0.0029903631
171
4/24/2006
4.22
0.010171296
0.011187234
0.0001251542
172
5/2/2006
4.1
0.012528594
0.013544532
0.0001834543
173
5/8/2006
4.22
-0.012528594
-0.011512657
0.0001325413
174
5/15/2006
4.72
-0.048629548
-0.04761361
0.0022670559
175
5/22/2006
4.64
0.007424018
0.008439956
0.0000712329
176
5/29/2006
4.68
-0.003727873
-0.002711935
0.0000073546
177
6/5/2006
4.68
0
0.001015938
0.0000010321
178
6/12/2006
4.68
0
0.001015938
0.0000010321
179
6/19/2006
4.64
0.003727873
0.00474381
0.0000225037
180
6/26/2006
4.7
-0.005579877
-0.00456394
0.0000208295
181
7/3/2006
4.66
0.003711941
0.004727879
0.0000223528
182
7/10/2006
4.82
-0.014661122
-0.013645184
0.0001861910
183
7/17/2006
4.7
0.01094918
0.011965118
0.0001431640
184
7/24/2006
4.62
0.007455882
0.00847182
0.0000717717
185
7/31/2006
4.72
-0.009300023
-0.008284085
0.0000686261
186
8/7/2006
4.88
-0.014477823
-0.013461886
0.0001812224
187
8/14/2006
4.84
0.00357446
0.004590398
0.0000210718
188
8/21/2006
4.9
-0.005350718
-0.004334781
0.0000187903
189
8/28/2006
4.82
0.007149042
0.00816498
0.0000666669
190
9/4/2006
4.84
-0.001798323
-0.000782386
0.0000006121
191
9/11/2006
4.9
-0.005350718
-0.004334781
0.0000187903
192
9/18/2006
4.96
-0.005285596
-0.004269659
0.0000182300
193
9/25/2006
4.94
0.001754728
0.002770665
0.0000076766
194
10/2/2006
4.94
0
0.001015938
0.0000010321
195
10/9/2006
4.96
-0.001754728
-0.00073879
0.0000005458
196
10/16/2006
5.1
-0.0120885
-0.011072562
0.0001226016
197
10/26/2006
4.94
0.013843227
0.014859165
0.0002207948
198
10/30/2006
4.94
0
0.001015938
0.0000010321
199
11/6/2006
4.96
-0.001754728
-0.00073879
0.0000005458
200
11/13/2006
5
-0.003488328
-0.00247239
0.0000061127
201
11/20/2006
4.98
0.001740662
0.002756599
0.0000075988
202
11/27/2006
5
-0.001740662
-0.000724724
0.0000005252
203
12/4/2006
5.15
-0.012837225
-0.011821287
0.0001397428
204
12/11/2006
5.25
-0.008352074
-0.007336137
0.0000538189
205
12/18/2006
5.2
0.00415596
0.005171897
0.0000267485
206
12/26/2006
5.15
0.004196115
0.005212052
0.0000271655
207
1/3/2007
5.4
-0.020586531
-0.019570593
0.0003830081
208
1/8/2007
5.65
-0.019654688
-0.01863875
0.0003474030
209
1/15/2007
5.8
-0.011379546
-0.010363608
0.0001074044
210
1/22/2007
5.85
-0.003727873
-0.002711935
0.0000073546
211
1/29/2007
6.25
-0.028724151
-0.027708214
0.0007677451
212
2/5/2007
6.2
0.003488328
0.004504266
0.0000202884
213
2/12/2007
5.95
0.017874724
0.018890661
0.0003568571
214
2/21/2007
6.05
-0.007238409
-0.006222471
0.0000387191
215
2/26/2007
6
0.003604124
0.004620062
0.0000213450
216
3/5/2007
5.4
0.045757491
0.046773428
0.0021877536
217
3/12/2007
5.9
-0.038458252
-0.037442314
0.0014019269
218
3/19/2007
5.7
0.014977156
0.015993094
0.0002557790
219
3/26/2007
5.6
0.007686829
0.008702766
0.0000757381
220
4/2/2007
5.7
-0.007686829
-0.006670891
0.0000445008
221
4/9/2007
5.7
0
0.001015938
0.0000010321
222
4/16/2007
5.8
-0.007553138
-0.0065372
0.0000427350
223
4/23/2007
6.4
-0.04275198
-0.041736043
0.0017418973
224
4/30/2007
6.4
0
0.001015938
0.0000010321
225
5/7/2007
6.6
-0.013363962
-0.012348024
0.0001524737
226
5/14/2007
6.5
0.006630579
0.007646517
0.0000584692
227
5/21/2007
6.55
-0.003327943
-0.002312006
0.0000053454
228
5/28/2007
6.7
-0.009833503
-0.008817565
0.0000777495
229
6/4/2007
7.4
-0.043156917
-0.042140979
0.0017758621
230
6/11/2007
6.7
0.043156917
0.044172855
0.0019512411
231
6/18/2007
6.6
0.006530867
0.007546805
0.0000569543
232
6/25/2007
6.65
-0.00327771
-0.002261772
0.0000051156
233
7/2/2007
6.65
0
0.001015938
0.0000010321
234
7/9/2007
6.95
-0.019163159
-0.018147222
0.0003293217
235
7/16/2007
7
-0.003113235
-0.002097298
0.0000043987
236
7/23/2007
6.75
0.015794267
0.016810205
0.0002825830
237
7/30/2007
6.3
0.029963223
0.030979161
0.0009597084
238
8/6/2007
6.05
0.017585175
0.018601113
0.0003460014
239
8/13/2007
6.05
0
0.001015938
0.0000010321
240
8/20/2007
6.45
-0.02780434
-0.026788402
0.0007176185
241
8/27/2007
6.55
-0.006681585
-0.005665648
0.0000320996
242
9/3/2007
6.6
-0.003302636
-0.002286698
0.0000052290
243
9/10/2007
6.45
0.009984221
0.011000159
0.0001210035
244
9/17/2007
6.35
0.006785989
0.007801927
0.0000608701
245
9/24/2007
6.45
-0.006785989
-0.005770052
0.0000332935
246
10/1/2007
6.5
-0.003353642
-0.002337704
0.0000054649
247
10/8/2007
6.6
-0.006630579
-0.005614641
0.0000315242
248
10/16/2007
6.45
0.009984221
0.011000159
0.0001210035
249
10/22/2007
6.7
-0.016515088
-0.01549915
0.0002402237
250
10/29/2007
7.05
-0.022114314
-0.021098377
0.0004451415
251
11/5/2007
7.05
0
0.001015938
0.0000010321
252
11/12/2007
7.1
-0.003069232
-0.002053294
0.0000042160
253
11/19/2007
7.45
-0.020897924
-0.019881986
0.0003952934
254
11/26/2007
7.4
0.002924553
0.003940491
0.0000155275
255
12/3/2007
7.05
0.021042603
0.02205854
0.0004865792
256
12/10/2007
6.9
0.009340026
0.010355964
0.0001072460
257
12/17/2007
6.15
0.049973975
0.050989913
0.0025999712
258
12/24/2007
6.65
-0.03394653
-0.032930592
0.0010844239
259
12/31/2007
6.4
0.016641671
0.017657609
0.0003117912
Average Tax return
-0.001015938
Entire Return
0.063106907
Stdev
0.015670104
Discrepancy
0.0002446
Stdev
0.015639706
KLCI
Date
ADJ CLOSE
Tax return
km-k yeast
( km-k yeast ) 2
( ks-k bars ) ( kM-k yeast )
1/6/2003
633.58
A
A
A
A
1/13/2003
637.39
-0.002603786
-0.001214034
0.0000014739
0.0000136197
1/20/2003
670.16
-0.021773257
-0.020383505
0.0004154873
0.0004112038
1/27/2003
667.36
0.00181833
0.003208082
0.0000102918
0.0000635173
2/5/2003
664.75
0.001701826
0.003091578
0.0000095579
0.0000407527
2/10/2003
661.32
0.002246689
0.003636441
0.0000132237
0.0000308461
2/17/2003
657.76
0.002344198
0.00373395
0.0000139424
0.0001715281
2/24/2003
654.58
0.002104728
0.00349448
0.0000122114
-0.0001708714
3/3/2003
647.04
0.005031602
0.006421354
0.0000412338
0.0000065237
3/10/2003
635.6
0.007747241
0.009136993
0.0000834846
0.0000548940
3/17/2003
628.37
0.004968446
0.006358198
0.0000404267
0.0000547639
3/24/2003
632.79
-0.003044165
-0.001654413
0.0000027371
0.0000108881
3/31/2003
634.55
-0.001206241
0.000183511
0.0000000337
0.0000011132
4/7/2003
630.91
0.002498437
0.003888189
0.0000151180
-0.0000156852
4/14/2003
627.74
0.002187608
0.00357736
0.0000127975
0.0000217000
4/21/2003
634.89
-0.004918684
-0.003528932
0.0000124534
0.0000318521
4/28/2003
627.32
0.005209353
0.006599105
0.0000435482
0.0000067043
5/5/2003
627.62
-0.000207641
0.001182111
0.0000013974
0.0000012010
5/12/2003
631.12
-0.002415169
-0.001025417
0.0000010515
-0.0000035938
5/19/2003
636.09
-0.003406625
-0.002016873
0.0000040678
-0.0000020490
5/26/2003
653
-0.011394613
-0.010004861
0.0001000972
-0.0000101643
6/2/2003
672.92
-0.013050255
-0.011660503
0.0001359673
0.0000171743
6/9/2003
682.18
-0.005935546
-0.004545794
0.0000206642
0.0000836295
6/16/2003
688.08
-0.003739952
-0.0023502
0.0000055234
-0.0000023877
6/23/2003
683.47
0.002919478
0.00430923
0.0000185695
0.0000353121
6/30/2003
691.97
-0.00536781
-0.003978058
0.0000158249
-0.0000233450
7/7/2003
726.1
-0.020909171
-0.019519419
0.0003810077
0.0005332249
7/14/2003
724.48
0.000970036
0.002359788
0.0000055686
0.0000132424
7/21/2003
718.44
0.003635897
0.005025649
0.0000252571
-0.0000521839
7/28/2003
711.42
0.004264434
0.005654186
0.0000319698
-0.0000446284
8/4/2003
723.35
-0.007222416
-0.005832664
0.0000340200
0.0000323586
8/11/2003
722.19
0.000697015
0.002086767
0.0000043546
0.0000066627
8/18/2003
729.26
-0.004230923
-0.002841171
0.0000080723
0.0001152808
8/25/2003
744.21
-0.008813108
-0.007423356
0.0000551062
0.0000652362
9/2/2003
743.17
0.000607331
0.001997083
0.0000039883
0.0000098076
9/8/2003
756.85
-0.007921645
-0.006531893
0.0000426656
0.0000061135
9/15/2003
741.52
0.008886946
0.010276698
0.0001056105
0.0002785140
9/22/2003
745.18
-0.002138321
-0.000748569
0.0000005604
0.0000053736
9/29/2003
742.97
0.001289912
0.002679664
0.0000071806
0.0000191522
10/6/2003
740.58
0.001399299
0.002789051
0.0000077788
-0.0000085937
10/13/2003
794.4
-0.030467256
-0.029077504
0.0008455012
0.0005498359
10/20/2003
782.09
0.006782503
0.008172255
0.0000667857
-0.0001321223
10/27/2003
802.54
-0.011209955
-0.009820203
0.0000964364
0.0001700019
11/3/2003
817.92
-0.00824414
-0.006854388
0.0000469826
-0.0000316677
11/10/2003
805.92
0.006418894
0.007808646
0.0000609750
0.0002267995
11/17/2003
791.3
0.007950768
0.00934052
0.0000872453
0.0000639404
11/27/2003
785.52
0.003183919
0.004573671
0.0000209185
0.0000407625
12/1/2003
779.24
0.003486009
0.004875761
0.0000237730
0.0000342960
12/8/2003
787.05
-0.004331086
-0.002941334
0.0000086514
-0.0000149267
12/15/2003
792.9
-0.003216095
-0.001826343
0.0000033355
0.0000018596
12/22/2003
769.7
0.012896931
0.014286683
0.0002041093
0.0000435759
12/29/2003
780.19
-0.005878893
-0.004489141
0.0000201524
-0.0000137353
1/5/2004
788.58
-0.004645379
-0.003255627
0.0000105991
0.0000165603
1/12/2004
825.46
-0.019850275
-0.018460523
0.0003407909
0.0005567247
1/19/2004
818.07
0.003905566
0.005295318
0.0000280404
-0.0000144456
1/26/2004
825.04
-0.003684538
-0.002294786
0.0000052660
-0.0000152466
2/4/2004
818.16
0.003636762
0.005026514
0.0000252658
-0.0000043641
2/9/2004
815.5
0.001414278
0.00280403
0.0000078626
0.0000678121
2/16/2004
826.13
-0.005624428
-0.004234676
0.0000179325
-0.0000127191
2/24/2004
864
-0.019465349
-0.018075597
0.0003267272
0.0001947752
3/1/2004
878.17
-0.007064854
-0.005675102
0.0000322068
-0.0000389975
3/8/2004
885.65
-0.00368353
-0.002293778
0.0000052614
0.0000021671
3/15/2004
884.51
0.00055938
0.001949132
0.0000037991
0.0000291014
3/22/2004
916.75
-0.015548171
-0.014158419
0.0002004608
-0.0000143841
3/29/2004
896.38
0.009758761
0.011148513
0.0001242893
0.0000113262
4/5/2004
887.94
0.004108537
0.005498289
0.0000302312
-0.0001029726
4/12/2004
883.15
0.002349147
0.003738899
0.0000139794
-0.0000598875
4/19/2004
861.92
0.010567515
0.011957267
0.0001429762
0.0001016841
4/26/2004
875.81
-0.006942941
-0.005553189
0.0000308379
-0.0004791401
5/5/2004
840.42
0.017913521
0.019303273
0.0003726163
0.0001087959
5/10/2004
834.06
0.003299085
0.004688837
0.0000219852
0.0000156823
5/17/2004
794
0.021376791
0.022766543
0.0005183155
0.0004578097
5/24/2004
793.3
0.000383048
0.0017728
0.0000031428
-0.0000361752
5/31/2004
808.89
-0.008452012
-0.00706226
0.0000498755
-0.0000401547
6/7/2004
804.34
0.0024498
0.003839552
0.0000147422
0.0000129387
6/14/2004
823.5
-0.010223937
-0.008834185
0.0000780428
-0.0001146742
6/21/2004
822.4
0.000580502
0.001970254
0.0000038819
0.0000361355
6/28/2004
823.12
-0.000380053
0.001009699
0.0000010195
0.0000272915
7/5/2004
831.64
-0.004472216
-0.003082464
0.0000095016
-0.0000281547
7/12/2004
853.89
-0.011466558
-0.010076806
0.0001015420
0.0001783093
7/19/2004
842.81
0.005672248
0.007062
0.0000498718
0.0000257063
7/26/2004
838.19
0.002387205
0.003776957
0.0000142654
0.0000543123
8/2/2004
832.69
0.002859126
0.004248878
0.0000180530
-0.0000071804
8/9/2004
818.84
0.0072843
0.008674051
0.0000752392
0.0000322834
8/16/2004
816.68
0.00114713
0.002536881
0.0000064358
0.0000304713
8/23/2004
808.92
0.004146347
0.005536099
0.0000306484
0.0000999226
8/30/2004
820.56
-0.006204769
-0.004815017
0.0000231844
0.0000904860
9/6/2004
842.87
-0.011650254
-0.010260502
0.0001052779
-0.0000104240
9/13/2004
849.72
-0.003515244
-0.002125492
0.0000045177
0.0000037015
9/20/2004
860
-0.005222611
-0.003832859
0.0000146908
0.0000883223
9/27/2004
854.08
0.002999899
0.004389651
0.0000192690
0.0000274286
10/4/2004
855.74
-0.000843281
0.000546471
0.0000002986
-0.0000023042
10/11/2004
860.87
-0.002595741
-0.001205989
0.0000014544
0.0000111719
10/18/2004
851.65
0.004676423
0.006066175
0.0000367985
0.0000527925
10/25/2004
853.71
-0.001049218
0.000340534
0.0000001160
-0.0000014043
11/1/2004
860.09
-0.00323353
-0.001843778
0.0000033995
0.0000167496
11/8/2004
871.61
-0.005778306
-0.004388554
0.0000192594
-0.0000044585
11/22/2004
897.11
-0.012523493
-0.011133742
0.0001239602
0.0000713459
11/29/2004
909.37
-0.005894925
-0.004505173
0.0000202966
-0.0000268110
12/6/2004
917.43
-0.003832315
-0.002442563
0.0000059661
-0.0000024815
12/13/2004
894.67
0.010910063
0.012299815
0.0001512854
0.0001048626
12/20/2004
902.22
-0.003649575
-0.002259823
0.0000051068
0.0000146745
12/27/2004
906.2
-0.001911608
-0.000521856
0.0000002723
0.0000007612
1/3/2005
907.02
-0.000392806
0.000996946
0.0000009939
-0.0000063051
1/10/2005
917.42
-0.00495134
-0.003561588
0.0000126849
0.0000886288
1/17/2005
929.42
-0.00564381
-0.004254058
0.0000180970
0.0000436682
1/24/2005
926.65
0.001296284
0.002686036
0.0000072148
0.0000330300
1/31/2005
915.41
0.005300078
0.00668983
0.0000447538
-0.0000084548
2/7/2005
908.83
0.003132998
0.00452275
0.0000204553
0.0000149056
2/14/2005
915.23
-0.003047593
-0.001657841
0.0000027484
-0.0000016843
2/21/2005
908.79
0.003066708
0.00445646
0.0000198600
-0.0000157388
2/28/2005
905.06
0.001786168
0.00317592
0.0000100865
-0.0000110667
3/7/2005
887.24
0.008636258
0.01002601
0.0001005209
0.0000326884
3/14/2005
901.07
-0.006717417
-0.005327666
0.0000283840
-0.0000295146
3/21/2005
893.96
0.003440444
0.004830196
0.0000233308
0.0000159189
3/28/2005
883.4
0.005160692
0.006550444
0.0000429083
0.0000066548
4/4/2005
874.34
0.004477048
0.0058668
0.0000344193
0.0000465116
4/11/2005
864.39
0.004970613
0.006360365
0.0000404542
0.0000361639
4/18/2005
871.85
-0.003732038
-0.002342286
0.0000054863
0.0000085586
4/25/2005
877.29
-0.002701407
-0.001311655
0.0000017204
0.0000017056
5/3/2005
878.79
-0.000741927
0.000647825
0.0000004197
0.0000067088
5/9/2005
901.39
-0.011027629
-0.009637877
0.0000928887
0.0000128952
5/16/2005
890.89
0.005088652
0.006478404
0.0000419697
0.0000218312
5/24/2005
884.08
0.003332518
0.00472227
0.0000222998
0.0000612985
5/30/2005
869
0.007471789
0.008861541
0.0000785269
0.0000740497
6/6/2005
865.97
0.00151693
0.002906682
0.0000084488
0.0000767960
6/13/2005
890.88
-0.012316362
-0.01092661
0.0001193908
-0.0001562303
6/20/2005
897.17
-0.003055534
-0.001665782
0.0000027748
0.0000204329
6/27/2005
898.18
-0.000488637
0.000901115
0.0000008120
0.0000056592
7/4/2005
893.8
0.00212303
0.003512782
0.0000123396
-0.0000779357
7/11/2005
904.49
-0.005163419
-0.003773667
0.0000142406
-0.0000814286
7/18/2005
917.43
-0.006169168
-0.004779416
0.0000228428
0.0000076863
7/25/2005
939.18
-0.010175898
-0.008786146
0.0000771964
-0.0000319823
8/1/2005
938.3
0.000407119
0.001796871
0.0000032287
0.0000018255
8/8/2005
943.05
-0.002193003
-0.000803251
0.0000006452
0.0000314703
8/15/2005
937.32
0.002646836
0.004036588
0.0000162940
0.0000138132
8/22/2005
925.29
0.005610015
0.006999767
0.0000489967
0.0000071113
8/29/2005
916.02
0.004372913
0.005762665
0.0000332083
0.0000763576
9/5/2005
908.84
0.003417523
0.004807275
0.0000231099
0.0000048839
9/12/2005
917.1
-0.00392926
-0.002539508
0.0000064491
-0.0000152571
9/19/2005
920.85
-0.001772199
-0.000382447
0.0000001463
0.0000080350
9/26/2005
921.76
-0.000428965
0.000960787
0.0000009231
0.0000055868
10/3/2005
926.84
-0.002386911
-0.000997159
0.0000009943
0.0000013862
10/10/2005
925.56
0.000600191
0.001989943
0.0000039599
-0.0000215281
10/17/2005
926.48
-0.000431471
0.000958281
0.0000009183
0.0000009736
10/24/2005
909.68
0.007947402
0.009337154
0.0000871824
0.0000533250
10/31/2005
905.38
0.00205775
0.003447502
0.0000118853
-0.0000126840
11/7/2005
914.7
-0.004447782
-0.00305803
0.0000093516
-0.0000102663
11/14/2005
897.92
0.008041034
0.009430786
0.0000889397
-0.0000344595
11/21/2005
901.6
-0.001776258
-0.000386506
0.0000001494
-0.0000003927
11/28/2005
904.18
-0.001240993
0.000148759
0.0000000221
0.0000004975
12/5/2005
884.72
0.009449051
0.010838803
0.0001174797
-0.0000393337
12/12/2005
898.41
-0.006668732
-0.00527898
0.0000278676
-0.0000298835
12/19/2005
893.6
0.002331417
0.003721169
0.0000138471
-0.0000048849
12/27/2005
892.46
0.0005544
0.001944152
0.0000037797
-0.0000158950
1/3/2006
899.18
-0.003257878
-0.001868126
0.0000034899
0.0000554919
1/9/2006
913.65
-0.00693322
-0.005543468
0.0000307300
0.0000060835
1/16/2006
911.81
0.000875508
0.00226526
0.0000051314
0.0000264743
1/23/2006
903.4
0.004024265
0.005414017
0.0000293116
0.0000527638
2/6/2006
928.38
-0.01184569
-0.010455938
0.0001093266
0.0002361073
2/13/2006
923.24
0.002411164
0.003800916
0.0000144470
0.0000118168
2/20/2006
927.95
-0.002209964
-0.000820212
0.0000006727
-0.0000095431
2/27/2006
924.92
0.001420406
0.002810158
0.0000078970
0.0000211162
3/6/2006
916.74
0.003857989
0.005247741
0.0000275388
-0.0000287700
3/13/2006
923.12
-0.003011979
-0.001622227
0.0000026316
-0.0000301176
3/20/2006
922.53
0.000277662
0.001667414
0.0000027803
0.0000167810
3/27/2006
926.49
-0.001860238
-0.000470486
0.0000002214
0.0000005946
4/3/2006
926.63
-6.56204E-05
0.001324132
0.0000017533
0.0000073986
4/10/2006
944
-0.008065638
-0.006675886
0.0000445675
0.0000085175
4/17/2006
939.77
0.001950417
0.003340169
0.0000111567
-0.0001826545
4/24/2006
948.34
-0.003942492
-0.00255274
0.0000065165
-0.0000285581
5/2/2006
947.8
0.000247365
0.001637117
0.0000026802
0.0000221740
5/8/2006
962.45
-0.006661472
-0.005271721
0.0000277910
0.0000606915
5/15/2006
963.13
-0.000306734
0.001083018
0.0000011729
-0.0000515664
5/22/2006
944.25
0.008597917
0.009987669
0.0000997535
0.0000842955
5/29/2006
931.11
0.006086003
0.007475755
0.0000558869
-0.0000202738
6/5/2006
931.2
-4.19764E-05
0.001347776
0.0000018165
0.0000013693
6/12/2006
916.01
0.007142752
0.008532504
0.0000728036
0.0000086685
6/19/2006
895.14
0.010009251
0.011399002
0.0001299373
0.0000540747
6/26/2006
906.65
-0.005548702
-0.00415895
0.0000172969
0.0000189812
7/3/2006
914.61
-0.00379628
-0.002406528
0.0000057914
-0.0000113778
7/10/2006
926.37
-0.005548537
-0.004158785
0.0000172955
0.0000567474
7/17/2006
912.02
0.00678012
0.008169872
0.0000667468
0.0000977535
7/24/2006
924.44
-0.005874367
-0.004484615
0.0000201118
-0.0000379928
7/31/2006
935.31
-0.005076849
-0.003687097
0.0000135947
0.0000305442
8/7/2006
939.03
-0.00172389
-0.000334138
0.0000001116
0.0000044981
8/14/2006
942.88
-0.001776956
-0.000387205
0.0000001499
-0.0000017774
8/21/2006
941.49
0.000640712
0.002030464
0.0000041228
-0.0000088016
8/28/2006
950.61
-0.004186667
-0.002796915
0.0000078227
-0.0000228368
9/4/2006
960.82
-0.004639656
-0.003249904
0.0000105619
0.0000025427
9/11/2006
956.53
0.001943439
0.003333191
0.0000111102
-0.0000144487
9/18/2006
958.58
-0.000929768
0.000459984
0.0000002116
-0.0000019640
9/25/2006
964.07
-0.002480205
-0.001090453
0.0000011891
-0.0000030213
10/2/2006
967.17
-0.001394248
-4.49634E-06
0.0000000000
-0.0000000046
10/9/2006
971.48
-0.001931047
-0.000541295
0.0000002930
0.0000003999
10/16/2006
983.22
-0.00521684
-0.003827088
0.0000146466
0.0000423757
10/26/2006
979
0.001868012
0.003257764
0.0000106130
0.0000484077
10/30/2006
986.47
-0.00330119
-0.001911438
0.0000036536
-0.0000019419
11/6/2006
998.25
-0.005155437
-0.003765685
0.0000141804
0.0000027820
11/13/2006
1020.68
-0.009650286
-0.008260534
0.0000682364
0.0000204233
11/20/2006
1040.75
-0.008456815
-0.007067063
0.0000499434
-0.0000194811
11/27/2006
1060.67
-0.008233866
-0.006844114
0.0000468419
0.0000049601
12/4/2006
1079.77
-0.007750972
-0.00636122
0.0000404651
0.0000751978
12/11/2006
1103.89
-0.009594542
-0.00820479
0.0000673186
0.0000601915
12/18/2006
1090.01
0.005495317
0.006885069
0.0000474042
0.0000356089
12/26/2006
1079.3
0.004288305
0.005678057
0.0000322403
0.00