LTM_2025.xlsx

	A	B	C	D
1	year	month	2x3 LTM Factor	P10-P1 LTM Return
2	1963	7	-1.595	-1.028
3	1963	8	3.150	1.517
4	1963	9	-2.481	-3.178
5	1963	10	0.610	2.716
6	1963	11	-0.541	-2.226
7	1963	12	-1.554	2.265
8	1964	1	-2.348	-5.337
9	1964	2	0.393	-3.949
10	1964	3	-1.316	-4.438
11	1964	4	-2.592	-1.482
12	1964	5	1.570	0.799
13	1964	6	-0.744	-4.681
14	1964	7	-2.238	-0.604
15	1964	8	-2.317	-2.245
16	1964	9	4.676	5.791
17	1964	10	-2.066	-1.539
18	1964	11	-2.305	-3.939
19	1964	12	-0.471	-2.305
20	1965	1	3.841	9.432
21	1965	2	3.741	5.500
22	1965	3	0.189	2.961
23	1965	4	1.038	2.393
24	1965	5	0.682	-2.782
25	1965	6	-5.870	-9.594
26	1965	7	3.689	2.053
27	1965	8	4.969	6.925
28	1965	9	1.643	0.763
29	1965	10	4.420	6.841
30	1965	11	5.780	10.892
31	1965	12	4.710	5.077
32	1966	1	4.835	6.317
33	1966	2	5.966	8.193
34	1966	3	0.690	3.116
35	1966	4	5.579	4.990
36	1966	5	-7.367	-10.070
37	1966	6	3.611	5.053
38	1966	7	-1.510	-2.966
39	1966	8	-4.394	-4.056
40	1966	9	-3.563	-5.164
41	1966	10	-9.404	-17.225
42	1966	11	11.957	18.456
43	1966	12	0.922	-1.277
44	1967	1	9.960	13.091
45	1967	2	1.507	0.921
46	1967	3	1.892	0.388
47	1967	4	1.624	4.590
48	1967	5	-0.765	-1.205
49	1967	6	5.330	5.792
50	1967	7	1.887	6.242
51	1967	8	-1.326	1.242
52	1967	9	0.642	2.637
53	1967	10	0.788	-1.022
54	1967	11	0.592	-0.141
55	1967	12	6.525	10.948
56	1968	1	-4.322	0.012
57	1968	2	-6.328	-8.201
58	1968	3	-0.604	1.621
59	1968	4	9.655	14.824
60	1968	5	5.111	8.111
61	1968	6	-3.546	-3.265
62	1968	7	-4.371	-4.471
63	1968	8	0.658	1.626
64	1968	9	3.942	3.582
65	1968	10	-3.432	-3.055
66	1968	11	3.612	5.520
67	1968	12	0.589	6.036
68	1969	1	-0.518	-0.760
69	1969	2	-7.195	-9.887
70	1969	3	1.391	0.985
71	1969	4	1.007	0.352
72	1969	5	0.336	1.683
73	1969	6	-7.173	-7.749
74	1969	7	-6.558	-8.975
75	1969	8	3.461	4.219
76	1969	9	-3.122	-3.299
77	1969	10	3.640	2.940
78	1969	11	-3.404	-4.048
79	1969	12	-5.891	-8.422
80	1970	1	-4.768	-3.930
81	1970	2	0.171	-4.328
82	1970	3	-4.940	-8.225
83	1970	4	-12.776	-14.254
84	1970	5	-4.950	-8.122
85	1970	6	-8.637	-6.387
86	1970	7	1.443	-2.528
87	1970	8	5.639	7.911
88	1970	9	13.518	24.908
89	1970	10	-8.614	-12.065
90	1970	11	-1.810	-6.509
91	1970	12	-0.796	-2.537
92	1971	1	5.348	7.677
93	1971	2	1.542	3.779
94	1971	3	2.719	4.952
95	1971	4	1.902	1.973
96	1971	5	-2.437	-4.060
97	1971	6	-2.350	-3.646
98	1971	7	-6.753	-9.471
99	1971	8	2.039	4.358
100	1971	9	-0.106	-3.845