correlation

Correlations of Gold ETFs and SENSEX

Sensex
1

gold etfs
( axis)

gold etfs
( hdfc )

gold etfs
( icici)

gold ( r
star)

Sensex
gold etfs (
axis)
-0.021
1
gold etfs
(hdfc )
0.09078 0.821894
1
gold etfs (
icici)
0.04842 0.826379 0.798178
1
gold ( r star) -0.049 0.849305 0.816292 0.832847
1
gold ( uti) 0.07314 0.864921 0.858334 0.856178 0.895156

gold (
uti)

Correlation of Equity and sensex

Sensex
Equity (
hdfc)
Equity (
icici)
Equity (
itc)
Equity (
ongc)
Equity (
reliance)
Equity (
essar)
Equity (
sriram)
equity (
tata
power)
equity(
wipro)

Sensex
1
0.694599

Equity (
hdfc)

Equity (
icici)

Equity (
itc)

Equity (
ongc)

Equity (
reliance)

Equity (
essar)

Equ
srir

0.793075 0.570683

0.512175 0.350636 0.319213

0.211115 0.116863 0.176134 0.105564

0.721954 0.431374 0.513781 0.296744 0.158784

0.498513

0.31225

0.413898 0.226915

0.12701

0.363198

0.399515

0.30506

0.331601

0.18704

0.054667

0.20439

0.194547

0.140773 0.093224 0.068213 0.083251

0.02068

0.114013 0.097717 0.05

0.407798

0.03702

0.278136

0.18093

0.240577 0.143335

0.17415

0.16

Correlations of Mutual Funds and SENSEX

Sensex
Mutual Fund
( baroda)
Mutual Fund
( franklin)
Mutual Fund
( birla)
Mutual Fund
( hdfc)
Mutual Fund
( lic)
Mutual Fund
( tata steel)
Mutual Fund
( icici)

Mutua Mutua
Mutu
l Fund l Fund Mutua
Mutua
al
(
(
l Fund Mutua Mutua l Fund Fund
barod frankli
(
l Fund l Fund ( tata
(
Sensex
a)
n)
birla) ( hdfc) ( lic)
steel) icici)
1
0.9564
54
1
0.7919 0.8583
23
06
1
0.7826 0.8130 0.8145
86
59
64
1
0.9414 0.9817 0.8608 0.8133
97
59
88
84
1
0.9583 0.9751 0.8323 0.8011 0.9650
76
16
39
84
25
1
0.7059 0.7202 0.7004 0.7189 0.7020 0.7110
19
23
62
19
95
91
1
0.8546
0.7661 0.8240 0.8550 0.8625 0.8289
72
0.8656
87
76
95
41
99
1

ANOVAs

Anova of Sensex and Gold ETFs

Anova: Single
Factor
SUMMARY
Groups

Count

Sensex

748

Gold etfs ( axis)

748

gold etfs ( hdfc )

748

gold etfs ( icici)

gold ( r star)

748
748

gold ( uti)

748

Sum
0.029218696
0.303532274
0.306397738
0.294038458
-0.29570711
0.213570293

Average

Variance

-3.90624E05
0.000126541
0.000405792 0.000101654
0.000409623 0.00011088
-0.0003931 0.000126322
-0.00039533 0.000110178
0.000285522 9.71139E-05

Anova of Nifty and Gold ETFs

Anova:
Single
Factor
SUMMA
RY
Groups

Count

gold etfs
( axis)

748

gold etfs
( hdfc )

748

gold etfs
( icici)

748

gold ( r
star)

748

gold (
uti)

748

nifty

748

Sum
0.303532
274
0.306397
738
0.294038
458
0.295707
11
0.213570
293
0.023497
261

Average
0.000405
792
0.000409
623
0.000393
1
0.000395
33
0.000285
522
3.14135
E-05

Variance

0.000101654

0.00011088

0.000126322

0.000110178

9.71139E-05

0.00013193

Anova of Mutual fund and Gold ETFs

Anova: Single Factor

SUMMARY
Groups
Mutual Fund ( tata
power)
Mutual Fund (
wipro)
Mutual Fund (
baroda)
Mutual Fund (
franklin)
Mutual Fund ( birla)
Mutual Fund ( hdfc)
Mutual Fund ( lic)
Mutual Fund ( tata
steel)
Mutual Fund ( icici)
gold etfs ( axis)
gold etfs ( hdfc )
gold etfs ( icici)
gold ( r star)
gold ( uti)

Count

Sum

Average

Variance

748

2.711329

0.003625

0.007651

748

-0.14639

-0.0002

0.000314

748

0.098265

0.000131

0.000126

748
748
748
748

-0.18095
-0.15149
-0.03817
0.016409

-0.00024
-0.0002
-5.1E-05
2.19E-05

7.29E-05
8.77E-05
0.000132
0.00012

748
748
748
748
748
748
748

-0.19017
-0.05111
-0.30353
-0.3064
-0.29404
-0.29571
-0.21357

-0.00025
-6.8E-05
-0.00041
-0.00041
-0.00039
-0.0004
-0.00029

5.89E-05
0.000113
0.000102
0.000111
0.000126
0.00011
9.71E-05

Anova of Equity and Gold EFTs

Anova: Single Factor

SUMMARY
Groups
Count
gold etfs (
axis)
748
gold etfs (
hdfc )
748
gold etfs (
icici)
748
gold ( r star)
748
gold ( uti)
748
Equity ( hdfc)
748
Equity ( icici)
748
Equity ( itc)
748
Equity (
ongc)
748
Equity (
reliance)
748
Equity (
essar)
748
Equity (
sriram)
748
equity ( tata
power)
748
equity(
wipro)
748

Sum

Average

Variance

-0.30353

-0.00041

0.000102

-0.3064

-0.00041

0.000111

-0.29404
-0.29571
-0.21357
-0.08733
0.0411
-0.61044

-0.00039
-0.0004
-0.00029
-0.00012
5.49E-05
-0.00082

0.000126
0.00011
9.71E-05
0.000319
0.00046
0.000232

1.498485

0.002003

0.003126

0.164817

0.00022

0.000311

0.948636

0.001268

0.000915

0.15211

0.000203

0.000525

2.711329

0.003625

0.007651

-0.14639

-0.0002

0.000314