Stock Analysis on Net
Stock Analysis on Net

Visa Inc. (NYSE:V)

Paying users zone. Data is hidden behind: .


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Apple Pay Google Pay
Verified by Visa MasterCard SecureCode American Express SafeKey

This is a one-time payment. There is no automatic renewal.

Capital Asset Pricing Model (CAPM)

Microsoft Excel LibreOffice Calc

Rates of Return

Visa Inc., monthly rates of return

Microsoft Excel LibreOffice Calc
Visa Inc. (V) Standard & Poor’s 500 (S&P 500)
t Date PriceV,t1 DividendV,t1 RV,t2 PriceS&P 500,t RS&P 500,t3
Oct 31, 2015
1. Nov 30, 2015
2. Dec 31, 2015
3. Jan 31, 2016
. . . . . . .
. . . . . . .
. . . . . . .
58. Aug 31, 2020
59. Sep 30, 2020
Average (R):
Standard deviation:
Visa Inc. (V) Standard & Poor’s 500 (S&P 500)
t Date PriceV,t1 DividendV,t1 RV,t2 PriceS&P 500,t RS&P 500,t3
Oct 31, 2015
1. Nov 30, 2015
2. Dec 31, 2015
3. Jan 31, 2016
4. Feb 29, 2016
5. Mar 31, 2016
6. Apr 30, 2016
7. May 31, 2016
8. Jun 30, 2016
9. Jul 31, 2016
10. Aug 31, 2016
11. Sep 30, 2016
12. Oct 31, 2016
13. Nov 30, 2016
14. Dec 31, 2016
15. Jan 31, 2017
16. Feb 28, 2017
17. Mar 31, 2017
18. Apr 30, 2017
19. May 31, 2017
20. Jun 30, 2017
21. Jul 31, 2017
22. Aug 31, 2017
23. Sep 30, 2017
24. Oct 31, 2017
25. Nov 30, 2017
26. Dec 31, 2017
27. Jan 31, 2018
28. Feb 28, 2018
29. Mar 31, 2018
30. Apr 30, 2018
31. May 31, 2018
32. Jun 30, 2018
33. Jul 31, 2018
34. Aug 31, 2018
35. Sep 30, 2018
36. Oct 31, 2018
37. Nov 30, 2018
38. Dec 31, 2018
39. Jan 31, 2019
40. Feb 28, 2019
41. Mar 31, 2019
42. Apr 30, 2019
43. May 31, 2019
44. Jun 30, 2019
45. Jul 31, 2019
46. Aug 31, 2019
47. Sep 30, 2019
48. Oct 31, 2019
49. Nov 30, 2019
50. Dec 31, 2019
51. Jan 31, 2020
52. Feb 29, 2020
53. Mar 31, 2020
54. Apr 30, 2020
55. May 31, 2020
56. Jun 30, 2020
57. Jul 31, 2020
58. Aug 31, 2020
59. Sep 30, 2020
Average (R):
Standard deviation:

Show all

1 Data in US$ per share of common stock, adjusted for splits and stock dividends.

2 Rate of return on common stock of V during period t

3 Rate of return on S&P 500 (the market portfolio proxy) during period t


Variance and Covariance

Visa Inc., calculation of variance and covariance of returns

Microsoft Excel LibreOffice Calc
t Date RV,t RS&P 500,t (RV,tRV)2 (RS&P 500,tRS&P 500)2 (RV,tRV)×(RS&P 500,tRS&P 500)
1. Nov 30, 2015
2. Dec 31, 2015
3. Jan 31, 2016
. . . . . . .
. . . . . . .
. . . . . . .
58. Aug 31, 2020
59. Sep 30, 2020
Total (Σ):
t Date RV,t RS&P 500,t (RV,tRV)2 (RS&P 500,tRS&P 500)2 (RV,tRV)×(RS&P 500,tRS&P 500)
1. Nov 30, 2015
2. Dec 31, 2015
3. Jan 31, 2016
4. Feb 29, 2016
5. Mar 31, 2016
6. Apr 30, 2016
7. May 31, 2016
8. Jun 30, 2016
9. Jul 31, 2016
10. Aug 31, 2016
11. Sep 30, 2016
12. Oct 31, 2016
13. Nov 30, 2016
14. Dec 31, 2016
15. Jan 31, 2017
16. Feb 28, 2017
17. Mar 31, 2017
18. Apr 30, 2017
19. May 31, 2017
20. Jun 30, 2017
21. Jul 31, 2017
22. Aug 31, 2017
23. Sep 30, 2017
24. Oct 31, 2017
25. Nov 30, 2017
26. Dec 31, 2017
27. Jan 31, 2018
28. Feb 28, 2018
29. Mar 31, 2018
30. Apr 30, 2018
31. May 31, 2018
32. Jun 30, 2018
33. Jul 31, 2018
34. Aug 31, 2018
35. Sep 30, 2018
36. Oct 31, 2018
37. Nov 30, 2018
38. Dec 31, 2018
39. Jan 31, 2019
40. Feb 28, 2019
41. Mar 31, 2019
42. Apr 30, 2019
43. May 31, 2019
44. Jun 30, 2019
45. Jul 31, 2019
46. Aug 31, 2019
47. Sep 30, 2019
48. Oct 31, 2019
49. Nov 30, 2019
50. Dec 31, 2019
51. Jan 31, 2020
52. Feb 29, 2020
53. Mar 31, 2020
54. Apr 30, 2020
55. May 31, 2020
56. Jun 30, 2020
57. Jul 31, 2020
58. Aug 31, 2020
59. Sep 30, 2020
Total (Σ):

Show all

VarianceV = Σ(RV,tRV)2 ÷ (59 – 1)
= ÷ (59 – 1)
=

VarianceS&P 500 = Σ(RS&P 500,tRS&P 500)2 ÷ (59 – 1)
= ÷ (59 – 1)
=

CovarianceV, S&P 500 = Σ(RV,tRV)×(RS&P 500,tRS&P 500) ÷ (59 – 1)
= ÷ (59 – 1)
=


Systematic Risk (β) Estimation

Microsoft Excel LibreOffice Calc
VarianceV
VarianceS&P 500
CovarianceV, S&P 500
Correlation coefficientV, S&P 5001
βV2
αV3

Calculations

1 Correlation coefficientV, S&P 500
= CovarianceV, S&P 500 ÷ (Standard deviationV × Standard deviationS&P 500)
= ÷ ( × )
=

2 βV
= CovarianceV, S&P 500 ÷ VarianceS&P 500
= ÷
=

3 αV
= AverageV – βV × AverageS&P 500
= ×
=


Expected Rate of Return

Microsoft Excel LibreOffice Calc
Assumptions
Rate of return on LT Treasury Composite1 RF
Expected rate of return on market portfolio2 E(RM)
Systematic risk (β) of Visa Inc.’s common stock βV
 
Expected rate of return on Visa Inc.’s common stock3 E(RV)

1 Unweighted average of bid yields on all outstanding fixed-coupon U.S. Treasury bonds neither due or callable in less than 10 years (risk-free rate of return proxy).

2 See details »

3 E(RV) = RF + βV [E(RM) – RF]
= + []
=