Stock Analysis on Net
Stock Analysis on Net

Fidelity National Information Services Inc. (NYSE:FIS)

この会社は アーカイブに移動しました! 財務データは2023年5月2日以降更新されていません。

資本資産価格設定モデル (CAPM) 

Microsoft Excel

資本資産価格モデル(CAPM)は、 FIS普通株式などのリスク資産の期待収益率または必要な収益率を示します。

収益率

Fidelity National Information Services Inc.、月間収益率

Microsoft Excel
Fidelity National Information Services Inc. (FIS) Standard & Poor’s 500 (S&P 500)
t 日付 価格FIS,t1 配当FIS,t1 RFIS,t2 価格S&P 500,t RS&P 500,t3
2018/01/31 $102.36 2,823.81
1. 2018/02/28 $97.18 -5.06% 2,713.83 -3.89%
2. 2018/03/31 $96.30 $0.32 -0.58% 2,640.87 -2.69%
3. 2018/04/30 $94.97 -1.38% 2,648.05 0.27%
. . . . . . .
. . . . . . .
. . . . . . .
58. 2022/11/30 $72.58 -12.54% 4,080.11 5.38%
59. 2022/12/31 $67.85 $0.47 -5.87% 3,839.50 -5.90%
平均 (R): -0.25% 0.67%
標準偏差： 7.99% 5.40%
Fidelity National Information Services Inc. (FIS) Standard & Poor’s 500 (S&P 500)
t 日付 価格FIS,t1 配当FIS,t1 RFIS,t2 価格S&P 500,t RS&P 500,t3
2018/01/31 $102.36 2,823.81
1. 2018/02/28 $97.18 -5.06% 2,713.83 -3.89%
2. 2018/03/31 $96.30 $0.32 -0.58% 2,640.87 -2.69%
3. 2018/04/30 $94.97 -1.38% 2,648.05 0.27%
4. 2018/05/31 $102.22 7.63% 2,705.27 2.16%
5. 2018/06/30 $106.03 $0.32 4.04% 2,718.37 0.48%
6. 2018/07/31 $103.13 -2.74% 2,816.29 3.60%
7. 2018/08/31 $108.17 4.89% 2,901.52 3.03%
8. 2018/09/30 $109.07 $0.32 1.13% 2,913.98 0.43%
9. 2018/10/31 $104.10 -4.56% 2,711.74 -6.94%
10. 2018/11/30 $107.95 3.70% 2,760.17 1.79%
11. 2018/12/31 $102.55 $0.32 -4.71% 2,506.85 -9.18%
12. 2019/01/31 $104.53 1.93% 2,704.10 7.87%
13. 2019/02/28 $108.15 3.46% 2,784.49 2.97%
14. 2019/03/31 $113.10 $0.35 4.90% 2,834.40 1.79%
15. 2019/04/30 $115.93 2.50% 2,945.83 3.93%
16. 2019/05/31 $120.30 3.77% 2,752.06 -6.58%
17. 2019/06/30 $122.68 $0.35 2.27% 2,941.76 6.89%
18. 2019/07/31 $133.25 8.62% 2,980.38 1.31%
19. 2019/08/31 $136.22 2.23% 2,926.46 -1.81%
20. 2019/09/30 $132.76 $0.35 -2.28% 2,976.74 1.72%
21. 2019/10/31 $131.76 -0.75% 3,037.56 2.04%
22. 2019/11/30 $138.15 4.85% 3,140.98 3.40%
23. 2019/12/31 $139.09 $0.35 0.93% 3,230.78 2.86%
24. 2020/01/31 $143.66 3.29% 3,225.52 -0.16%
25. 2020/02/29 $139.72 -2.74% 2,954.22 -8.41%
26. 2020/03/31 $121.64 $0.35 -12.69% 2,584.59 -12.51%
27. 2020/04/30 $131.89 8.43% 2,912.43 12.68%
28. 2020/05/31 $138.83 5.26% 3,044.31 4.53%
29. 2020/06/30 $134.09 $0.35 -3.16% 3,100.29 1.84%
30. 2020/07/31 $146.31 9.11% 3,271.12 5.51%
31. 2020/08/31 $150.85 3.10% 3,500.31 7.01%
32. 2020/09/30 $147.21 $0.35 -2.18% 3,363.00 -3.92%
33. 2020/10/31 $124.59 -15.37% 3,269.96 -2.77%
34. 2020/11/30 $148.41 19.12% 3,621.63 10.75%
35. 2020/12/31 $141.46 $0.35 -4.45% 3,756.07 3.71%
36. 2021/01/31 $123.46 -12.72% 3,714.24 -1.11%
37. 2021/02/28 $138.00 11.78% 3,811.15 2.61%
38. 2021/03/31 $140.61 $0.39 2.17% 3,972.89 4.24%
39. 2021/04/30 $152.90 8.74% 4,181.17 5.24%
40. 2021/05/31 $148.98 -2.56% 4,204.11 0.55%
41. 2021/06/30 $141.67 $0.39 -4.64% 4,297.50 2.22%
42. 2021/07/31 $149.05 5.21% 4,395.26 2.27%
43. 2021/08/31 $127.77 -14.28% 4,522.68 2.90%
44. 2021/09/30 $121.68 $0.39 -4.46% 4,307.54 -4.76%
45. 2021/10/31 $110.74 -8.99% 4,605.38 6.91%
46. 2021/11/30 $104.50 -5.63% 4,567.00 -0.83%
47. 2021/12/31 $109.15 $0.39 4.82% 4,766.18 4.36%
48. 2022/01/31 $119.92 9.87% 4,515.55 -5.26%
49. 2022/02/28 $95.23 -20.59% 4,373.94 -3.14%
50. 2022/03/31 $100.42 $0.47 5.94% 4,530.41 3.58%
51. 2022/04/30 $99.15 -1.26% 4,131.93 -8.80%
52. 2022/05/31 $104.50 5.40% 4,132.15 0.01%
53. 2022/06/30 $91.67 $0.47 -11.83% 3,785.38 -8.39%
54. 2022/07/31 $102.16 11.44% 4,130.29 9.11%
55. 2022/08/31 $91.37 -10.56% 3,955.00 -4.24%
56. 2022/09/30 $75.57 $0.47 -16.78% 3,585.62 -9.34%
57. 2022/10/31 $82.99 9.82% 3,871.98 7.99%
58. 2022/11/30 $72.58 -12.54% 4,080.11 5.38%
59. 2022/12/31 $67.85 $0.47 -5.87% 3,839.50 -5.90%
平均 (R): -0.25% 0.67%
標準偏差： 7.99% 5.40%

すべて表示

1 普通株式1株当たり米ドルのデータで、分割と株式配当を調整したものです。

2 期間 tにおけるFISの普通株式の収益率。

3 期間 tにおけるS&P 500(市場ポートフォリオの代理)の収益率。

分散と共分散

Fidelity National Information Services Inc.、分散の計算、および戻り値の共分散

Microsoft Excel
t 日付 RFIS,t RS&P 500,t (RFIS,t–RFIS)2 (RS&P 500,t–RS&P 500)2 (RFIS,t–RFIS)×(RS&P 500,t–RS&P 500)
1. 2018/02/28 -5.06% -3.89% 23.10 20.81 21.92
2. 2018/03/31 -0.58% -2.69% 0.10 11.26 1.08
3. 2018/04/30 -1.38% 0.27% 1.27 0.16 0.44
. . . . . . .
. . . . . . .
. . . . . . .
58. 2022/11/30 -12.54% 5.38% 151.02 22.17 -57.87
59. 2022/12/31 -5.87% -5.90% 31.53 43.08 36.85
トータル (Σ): 3,705.46 1,691.48 1,349.69
t 日付 RFIS,t RS&P 500,t (RFIS,t–RFIS)2 (RS&P 500,t–RS&P 500)2 (RFIS,t–RFIS)×(RS&P 500,t–RS&P 500)
1. 2018/02/28 -5.06% -3.89% 23.10 20.81 21.92
2. 2018/03/31 -0.58% -2.69% 0.10 11.26 1.08
3. 2018/04/30 -1.38% 0.27% 1.27 0.16 0.44
4. 2018/05/31 7.63% 2.16% 62.23 2.23 11.79
5. 2018/06/30 4.04% 0.48% 18.45 0.03 -0.78
6. 2018/07/31 -2.74% 3.60% 6.15 8.62 -7.28
7. 2018/08/31 4.89% 3.03% 26.44 5.57 12.13
8. 2018/09/30 1.13% 0.43% 1.91 0.06 -0.33
9. 2018/10/31 -4.56% -6.94% 18.51 57.87 32.73
10. 2018/11/30 3.70% 1.79% 15.63 1.25 4.42
11. 2018/12/31 -4.71% -9.18% 19.81 96.91 43.82
12. 2019/01/31 1.93% 7.87% 4.78 51.87 15.74
13. 2019/02/28 3.46% 2.97% 13.82 5.32 8.57
14. 2019/03/31 4.90% 1.79% 26.58 1.27 5.80
15. 2019/04/30 2.50% 3.93% 7.60 10.66 9.00
16. 2019/05/31 3.77% -6.58% 16.19 52.48 -29.15
17. 2019/06/30 2.27% 6.89% 6.37 38.77 15.71
18. 2019/07/31 8.62% 1.31% 78.69 0.42 5.73
19. 2019/08/31 2.23% -1.81% 6.17 6.13 -6.15
20. 2019/09/30 -2.28% 1.72% 4.11 1.11 -2.13
21. 2019/10/31 -0.75% 2.04% 0.25 1.89 -0.69
22. 2019/11/30 4.85% 3.40% 26.05 7.50 13.98
23. 2019/12/31 0.93% 2.86% 1.41 4.81 2.61
24. 2020/01/31 3.29% -0.16% 12.53 0.69 -2.94
25. 2020/02/29 -2.74% -8.41% 6.19 82.40 22.59
26. 2020/03/31 -12.69% -12.51% 154.63 173.67 163.88
27. 2020/04/30 8.43% 12.68% 75.36 144.43 104.33
28. 2020/05/31 5.26% 4.53% 30.43 14.91 21.30
29. 2020/06/30 -3.16% 1.84% 8.45 1.37 -3.41
30. 2020/07/31 9.11% 5.51% 87.76 23.46 45.37
31. 2020/08/31 3.10% 7.01% 11.27 40.19 21.29
32. 2020/09/30 -2.18% -3.92% 3.71 21.06 8.84
33. 2020/10/31 -15.37% -2.77% 228.35 11.79 51.88
34. 2020/11/30 19.12% 10.75% 375.32 101.77 195.44
35. 2020/12/31 -4.45% 3.71% 17.58 9.28 -12.77
36. 2021/01/31 -12.72% -1.11% 155.50 3.17 22.20
37. 2021/02/28 11.78% 2.61% 144.76 3.77 23.37
38. 2021/03/31 2.17% 4.24% 5.90 12.80 8.69
39. 2021/04/30 8.74% 5.24% 80.91 20.94 41.16
40. 2021/05/31 -2.56% 0.55% 5.33 0.01 0.27
41. 2021/06/30 -4.64% 2.22% 19.28 2.42 -6.83
42. 2021/07/31 5.21% 2.27% 29.85 2.59 8.79
43. 2021/08/31 -14.28% 2.90% 196.63 4.98 -31.30
44. 2021/09/30 -4.46% -4.76% 17.70 29.42 22.81
45. 2021/10/31 -8.99% 6.91% 76.32 39.03 -54.58
46. 2021/11/30 -5.63% -0.83% 28.95 2.25 8.07
47. 2021/12/31 4.82% 4.36% 25.78 13.65 18.76
48. 2022/01/31 9.87% -5.26% 102.45 35.11 -59.97
49. 2022/02/28 -20.59% -3.14% 413.48 14.46 77.32
50. 2022/03/31 5.94% 3.58% 38.42 8.47 18.04
51. 2022/04/30 -1.26% -8.80% 1.02 89.54 9.56
52. 2022/05/31 5.40% 0.01% 31.93 0.44 -3.74
53. 2022/06/30 -11.83% -8.39% 133.94 82.06 104.84
54. 2022/07/31 11.44% 9.11% 136.84 71.32 98.79
55. 2022/08/31 -10.56% -4.24% 106.24 24.11 50.62
56. 2022/09/30 -16.78% -9.34% 273.02 100.12 165.34
57. 2022/10/31 9.82% 7.99% 101.47 53.58 73.73
58. 2022/11/30 -12.54% 5.38% 151.02 22.17 -57.87
59. 2022/12/31 -5.87% -5.90% 31.53 43.08 36.85
トータル (Σ): 3,705.46 1,691.48 1,349.69

すべて表示

分散FIS = Σ(RFIS,t–RFIS)2 ÷ (59 – 1)
= 3,705.46 ÷ (59 – 1)
= 63.89

分散S&P 500 = Σ(RS&P 500,t–RS&P 500)2 ÷ (59 – 1)
= 1,691.48 ÷ (59 – 1)
= 29.16

共 分散FIS, S&P 500 = Σ(RFIS,t–RFIS)×(RS&P 500,t–RS&P 500) ÷ (59 – 1)
= 1,349.69 ÷ (59 – 1)
= 23.27

システマティックなリスク推定 (β)

Microsoft Excel
分散FIS 63.89
分散S&P 500 29.16
共 分散FIS, S&P 500 23.27
相関係数FIS, S&P 5001 0.54
βFIS2 0.80
αFIS3 -0.79%

計算

1 相関係数FIS, S&P 500
= 共 分散FIS, S&P 500 ÷ (標準偏差FIS × 標準偏差S&P 500)
= 23.27 ÷ (7.99% × 5.40%)
= 0.54

2 βFIS
= 共 分散FIS, S&P 500 ÷ 分散S&P 500
= 23.27 ÷ 29.16
= 0.80

3 αFIS
= 平均FIS – βFIS × 平均S&P 500
= -0.25% – 0.80 × 0.67%
= -0.79%

期待収益率

Microsoft Excel
仮定
LT国債総合の収益率1 RF 4.91%
市場ポートフォリオの期待収益率2 E(RM) 14.84%
普通株式 FIS システマティックリスク βFIS 0.80
 
FIS普通株式の期待収益率3 E(RFIS) 12.83%

1 10年以内に期限が到来しない、または償還不能となるすべての発行済み固定利回り米国債の入札利回りの加重平均(リスクフリー・リターン・プロキシ)。

2 詳しく見る »

3 E(RFIS) = RF + βFIS [E(RM) – RF]
= 4.91% + 0.80 [14.84% – 4.91%]
= 12.83%