Vous êtes sur la page 1sur 29

Date Return on BSEReturn on RIL Return on TCS

12/1/2010 0 0 0
11/1/2010 -0.05 -0.07 -0.08
10/1/2010 0.03 0.11 -0.02
9/1/2010 0 -0.1 -0.12
8/2/2010 -0.1 -0.07 -0.09
7/1/2010 -0.01 0.1 0
6/1/2010 -0.01 0.08 -0.11
5/3/2010 -0.04 -0.04 -0.01
4/1/2010 0.04 -0.01 0.03
3/2/2010 0 0.04 0.02
2/1/2010 -0.06 -0.09 -0.03
1/4/2010 0 0.07 -0.03
12/1/2009 0.07 0.04 0.02
11/3/2009 -0.03 -0.02 -0.08
10/1/2009 -0.06 0.82 -0.09
9/1/2009 0.08 0.14 -0.01
8/3/2009 -0.09 -0.09 -0.15
7/1/2009 0 -0.02 0
6/1/2009 -0.08 0.03 -0.26
5/4/2009 0.01 0.13 0.8
4/1/2009 -0.22 -0.21 -0.11
3/2/2009 -0.15 -0.16 -0.13
2/2/2009 -0.08 -0.17 -0.11
1/2/2009 0.06 0.05 0.07
12/1/2008 0.02 -0.07 -0.07
11/3/2008 -0.06 -0.08 0.17
10/1/2008 0.08 0.21 -0.04
9/1/2008 0.31 0.42 0.23
8/1/2008 0.13 0.1 0.23
7/1/2008 -0.01 0.03 0.02
6/2/2008 -0.06 -0.05 0.03
5/2/2008 0.22 0.15 0.2
4/1/2008 0.05 0.09 -0.11
3/3/2008 -0.1 -0.13 -0.12
2/1/2008 0.12 0.09 0.08
1/2/2008 0 0.01 0
12/3/2007 0.15 0.16 0.24
11/1/2007 -0.05 -0.01 -0.06
10/1/2007 0.02 -0.02 0.02
9/3/2007 -0.13 -0.17 0.02
8/1/2007 -0.11 -0.15 0.01
7/2/2007 0.02 -0.03 0.09
6/1/2007 -0.06 -0.1 -0.01
5/3/2007 -0.01 0.04 0.05
4/2/2007 -0.05 -0.11 0.05
3/1/2007 -0.06 -0.12 -0.03
2/1/2007 -0.01 -0.01 -0.03
1/2/2007 0.09 0.01 0.08
12/1/2006 -0.02 -0.07 -0.05
11/1/2006 -0.01 -0.02 -0.02
10/3/2006 -0.05 -0.02 -0.09
9/1/2006 -0.04 -0.04 -0.06
8/1/2006 -0.06 -0.05 -0.03
7/3/2006 -0.08 -0.12 -0.06
6/1/2006 -0.01 0.08 0.85
5/2/2006 -0.02 -0.1 0.03
4/3/2006 0.14 0.06 0.11
3/1/2006 -0.05 -0.21 -0.03
2/1/2006 -0.08 -0.11 -0.11
1/2/2006 -0.04 0.01 -0.01
12/1/2005 -0.05 0.25 0.02
11/1/2005 -0.06 -0.06 -0.11
10/3/2005 -0.1 -0.08 -0.08
9/1/2005 0.09 0.04 0.06
8/1/2005 -0.1 -0.09 -0.05
7/1/2005 -0.02 -0.02 -0.1
6/1/2005 -0.06 -0.09 0.07
5/2/2005 -0.07 -0.17 -0.01
4/1/2005 -0.08 -0.01 -0.15
3/1/2005 0.05 0.03 0.27
2/1/2005 0.03 0.02 -0.04
1/3/2005 -0.02 -0.04 -0.06
12/1/2004 0.01 0 0.03
11/1/2004 -0.06 -0.03 -0.05
10/1/2004 -0.09 0.02 -0.09
9/1/2004 -0.02 -0.02 -0.11
8/2/2004 -0.07 -0.08 -0.04
7/1/2004 0 0.03 -0.59
6/1/2004 -0.07 -0.12 -0.12
5/3/2004 -0.01 0 -0.09
4/1/2004 0.19 0.22 0.33
3/1/2004 -0.01 0.02 -0.04
2/3/2004 0.01 0.03 0.12
1/2/2004 0 0.01 0.05
12/1/2003 0.03 0.02 -0.03
11/3/2003 -0.14 -0.15 -0.18
10/1/2003 -0.03 0 -0.11
9/1/2003 -0.09 -0.09 -0.08
8/1/2003 -0.05 -0.1 -0.03
7/1/2003 -0.11 -0.1 -0.29
6/2/2003 -0.05 -0.09 -0.15
5/2/2003 -0.12 -0.08 -0.34
4/1/2003 -0.07 -0.08 0.13
3/3/2003 0.03 0.01 0.12
2/3/2003 0.08 0.06 0.26
1/2/2003 -0.01 -0.06 0
12/2/2002 0.04 0.08 0.24
11/1/2002 -0.04 -0.02 -0.08
10/1/2002 -0.09 -0.08 -0.33
9/2/2002 0.01 -0.03 -0.01
8/1/2002 0.06 -0.01 0.19
7/1/2002 -0.06 0.05 0.26
6/3/2002 0.09 0 0
5/2/2002 -0.04 -0.01 0.12
4/1/2002 0.07 0.05 0.22
3/1/2002 0.04 0.08 -0.32
2/4/2002 0.03 0.02 -0.3
1/2/2002 -0.07 -0.03 -0.03
12/3/2001 -0.01 0.02 0
11/1/2001 0.01 -0.05 0
10/1/2001 -0.09 -0.12 0
9/3/2001 -0.06 -0.05 0
8/1/2001 0.15 0.28 0
7/2/2001 0.03 0.03 0
6/1/2001 0.04 0.15 0
5/2/2001 0.05 0.07 0
4/2/2001 -0.03 -0.25 0
3/1/2001 0.02 0.32 0
2/1/2001 0.18 0.05 0
1/2/2001 0.02 -0.06 0
Average return -0.01 0 0

Beta Standard deviation


Variance
RIL 0.94 0.13 0.02
TCS 0.86 0.17 0.03
TATA STEEL 1.52 0.17 0.03
INFOSYS TECHNOLOGIES 0.29 0.26 0.07
SUZLON ENERGY 2.71 0.61 0.38
JSW STEEL 1.7 0.21 0.05
ADITYA BIRLA NUVO 1.14 0.14 0.02
GMR 1.05 0.17 0.03
BHARAT FORGE 1.16 0.13 0.02
TATA CHEMICALS 1.07 0.12 0.01
PUNJ LLOYD 1.07 0.14 0.02

Covariance
RIL and TCS 0.01
RIL and TATA STEEL 0.01
RIL and INFOSYS 0
RIL and SUZLON 0.02
RIL and JSW STEEL 0.01
RIL and ADITYA BIRLA NUVO 0.01
RIL and GMR 0.01
RIL and BHARAT FORGE 0.01
RIL and TATA CHEMICALS 0.01
RIL and PUNJ LLOYD 0.01
TCS and TATA STEEL 0.01
TCS and INFOSYS 0.01
TCS and SUZLON 0.01
TCS and JSW STEEL 0.01
TCS and ADITYA BIRLA NUVO 0.01
TCS and GMR 0
TCS and BHARAT FORGE 0.01
TCS and TATA CHEMICALS 0.01
TCS and PUNJ LLOYD 0
TATA STEEL and INFOSYS 0
TATA STEEL and SUZLON 0.04
TATA STEEL and JSW STEEL 0.02
TATA STEEL and ADITYA BIRLA NUVO 0.01
TATA STEEL and GMR 0.01
TATA STEEL and BHARAT FORGE 0.02
TATA STEEL and TATA CHEMICALS 0.01
TATA STEEL and PUNJ LLOYD 0.01
INFOSYS and SUZLON 0
INFOSYS and JSW STEEL 0
INFOSYS and ADITYA BIRLA NUVO 0
INFOSYS and GMR 0
INFOSYS and BHARAT FORGE 0
INFOSYS and TATA CHEMICALS 0
INFOSYS and PUNJ LLOYD 0
SUZLON and JSW STEEL 0.04
SUZLON and ADITYA BIRLA NUVO 0.03
SUZLON and GMR 0.03
SUZLON and BHARAT FORGE 0.02
SUZLON and TATA CHEMICALS 0.02
SUZLON and PUNJ LLOYD 0.03
JSW STEEL and ADITYA BIRLA NUVO 0.02
JSW STEEL and GMR 0.01
JSW STEEL and BHARAT FORGE 0.01
JSW STEEL and TATA CHEMICALS 0.01
JSW STEEL and PUNJ LLOYD 0.01
ADITYA BIRLA NUVO and GMR 0.01
ADITYA BIRLA NUVO and BHARAT FORGE 0.01
ADITYA BIRLA NUVO and TATA CHEMICALS 0.01
ADITYA BIRLA NUVO and PUNJ LLOYD 0.01
GMR and BHARAT FORGE 0.01
GMR and TATA CHEMICALS 0.01
GMR and PUNJ LLOYD 0.01
BHARATFORGE and TATA CHEMICALS 0.01
BHARATFORGE and PUNJ LLOYD 0.01
TATA CHEMICALS and PUNJ LLOYD 0.01
Return on Tata Steel
Return on InfosysReturn on SuzlonReturn on JSW steel
0 0 0 0
-0.14 -0.12 -0.13 -0.04
0 -0.02 0.16 0.18
0.11 0.03 -0.06 0
-0.2 -0.11 -0.11 -0.15
0.03 0.02 0.22 -0.01
-0.09 0.01 0.02 -0.05
0.03 -0.04 -0.03 0.04
0.24 0.02 0.22 0.11
0.02 -0.04 0.04 0.01
-0.09 -0.01 0 -0.13
0.11 0.01 0.08 -0.08
-0.03 -0.01 0.17 0.02
-0.06 -0.08 -0.13 -0.02
-0.18 -0.07 -0.15 -0.24
0.08 0.04 0.37 0.1
-0.17 -0.08 0.02 -0.17
0.09 -0.03 0.06 0.01
-0.16 -0.14 0.04 -0.12
0.03 -0.1 -0.06 -0.11
-0.41 -0.07 -0.35 -0.39
-0.13 -0.11 -0.33 -0.31
-0.16 -0.07 -0.04 -0.19
0.06 0.06 0.17 0.12
0.18 -0.15 0.32 0.09
-0.3 0.12 -0.33 -0.18
0.42 0.11 0.07 0.62
0.99 0.01 2.43 0.58
0.41 0.25 0.43 0.59
0.09 -0.1 0.02 -0.04
0.11 0.09 -0.03 0.23
0.24 0.14 0.28 0.3
-0.1 -0.11 0.04 -0.25
-0.15 -0.18 -0.08 -0.06
0.16 0.07 6.21 0.3
-0.08 -0.01 0 -0.09
0.27 0.16 0 0.36
-0.12 -0.09 0 -0.23
0.1 0.15 0 -0.05
-0.06 0.03 0 -0.11
-0.19 -0.02 0 -0.25
-0.04 0.07 0 0.15
-0.09 -0.02 0 -0.17
0.06 0 0 -0.01
-0.13 0.07 0 -0.04
-0.18 -0.02 0 -0.15
-0.02 0.03 0 -0.05
0.05 0.08 0 -0.02
0.04 0 0 -0.16
-0.03 -0.03 0 -0.15
0.05 -0.04 0 0.03
0.09 -0.12 0 -0.16
-0.07 -0.02 0 -0.04
0 -0.08 0 -0.13
0.08 0.86 0 0.14
0.03 -0.02 0 0.05
0.17 0.04 0 0.19
-0.16 -0.05 0 -0.12
-0.2 -0.05 0 -0.32
-0.06 0.02 0 -0.05
-0.06 0.04 0 0.17
-0.08 -0.1 0 -0.1
-0.03 -0.06 0 0.01
0.25 0 0 0.38
-0.08 -0.06 0 -0.05
-0.06 -0.05 0 -0.02
-0.08 0.04 0 -0.07
0.07 -0.05 0 0.25
-0.06 -0.16 0 0
0.18 0.2 0 0.14
0.05 -0.01 0 0.19
-0.08 -0.08 0 -0.18
0 0.01 0 -0.03
-0.16 0.03 0 -0.15
-0.09 -0.09 0 -0.08
-0.02 -0.13 0 0
-0.13 -0.07 0 -0.01
0.56 -0.01 0 -0.13
-0.23 2.56 0 -0.2
-0.02 -0.06 0 -0.25
0.21 -0.01 0 0.25
0.07 -0.04 0 0.06
0.11 0.03 0 0.28
-0.05 0.03 0 0.03
0.09 0.07 0 0.21
-0.19 -0.11 0 -0.17
-0.01 -0.04 0 -0.33
-0.24 -0.04 0 -0.04
-0.07 -0.13 0 0.04
-0.18 -0.08 0 -0.29
-0.19 -0.09 0 0.09
-0.07 -0.18 0 -0.19
-0.16 0.04 0 -0.16
0.01 0.45 0 -0.13
0.12 0.06 0 0.2
0.01 0 0 -0.17
0 0.11 0 -0.2
-0.1 -0.04 0 -0.21
-0.09 -0.17 0 -0.19
-0.07 -0.1 0 0.06
0.06 0.06 0 -0.02
0 0 0 0.14
0 0 0 0
0 0 0 -0.68
0 0 0 -0.29
0 0 0 -0.45
0 0 0 0.01
0 0 0 -0.63
0 0 0 0.02
0 0 0 0.05
0 0 0 0
0 0 0 0
0 0 0 0.29
0 0 0 0
0 0 0 0.5
0 0 0 0.06
0 0 0 0
0 0 0 -0.15
0 0 0 0.51
0 0 0 0
0 0.02 0.27 -0.02

Expected Return Weight weight Portfolio return equal weight


0.03 0.41 0.09 0
0.07 0.24 0.09 0.01
-0.31 0.14 0.09 -0.03
0.41 0.1 0.09 0.04
-1.02 0.04 0.09 -0.09
-0.42 0.03 0.09 -0.04
-0.09 0.02 0.09 -0.01
-0.04 0.01 0.09 0
-0.1 0.01 0.09 -0.01
-0.05 0.01 0.09 0
-0.05 0.01 0.09 0
1 1 -0.14

0.09 Table 2
0.09 Portfolio Weight : Non B2BGBS
0.09 Company
0.09 RIL
0.09 TCS
0.09 TATA STEEL
0.09 INFOSYS TECHNOLOGIES
0.09 SUZLON ENERGY
0.09 JSW STEEL
0.09 ADITYA BIRLA NUVO
0.09 GMR
1 BHARAT FORGE
TATA CHEMICALS
PUNJ LLOYD
Total
Return on Aditya Birla NuvoReturn on GMRReturn on Bharat ForgeReturn on Tata Chemicals
0 0 0 0
-0.11 0.02 -0.01 -0.1
0.1 0.17 0.02 0.1
0.05 0.06 -0.05 0.02
-0.06 -0.02 -0.03 -0.01
-0.05 0.02 -0.06 -0.15
-0.02 0.04 -0.11 -0.01
-0.05 0 -0.07 -0.04
0.14 0.12 0.02 0.1
0.1 -0.06 -0.07 -0.08
-0.07 -0.13 -0.04 -0.12
0.01 0.1 0.2 0.03
0.04 0.11 -0.07 0.08
-0.05 -0.01 -0.03 -0.13
-0.05 -0.07 -0.07 -0.06
0.2 1.28 0.12 0.07
0.06 0.02 -0.2 -0.12
-0.13 0 -0.03 0.02
-0.02 -0.01 -0.33 -0.14
0.08 0.16 0.25 -0.01
-0.43 -0.32 -0.29 -0.21
-0.16 -0.16 -0.24 -0.17
-0.03 -0.17 -0.03 -0.12
0.09 -0.06 -0.11 0.24
0.22 0.05 -0.01 0.07
-0.16 -0.31 0.02 -0.1
0.14 -0.05 0.19 0.07
0.69 0.74 0.8 0.44
0.41 0.17 0.46 0.45
0.01 -0.1 -0.05 -0.03
-0.11 -0.13 -0.08 -0.1
0.21 0.66 0.09 0.41
0.01 0.21 0.14 -0.11
-0.04 -0.07 -0.08 -0.21
0.23 0.17 0.07 0.17
0.17 0 -0.04 -0.07
0 0.42 0.27 0.35
-0.21 0.03 -0.11 -0.24
0.03 -0.3 0.2 0.03
-0.05 -0.02 -0.24 -0.07
-0.09 0 -0.07 -0.15
0.06 0 0.08 0.04
-0.09 0 0.08 -0.05
0.05 0 0.06 0.03
-0.19 0 -0.01 -0.15
-0.07 0 -0.03 -0.05
0.13 0 0.04 0.04
0.06 0 0.02 0.06
-0.01 0 0.09 -0.05
-0.07 0 0 0.02
-0.16 0 -0.01 0.05
-0.11 0 0 0.04
-0.08 0 -0.1 -0.07
-0.1 0 -0.07 -0.11
-0.03 0 0.04 0.06
0.06 0 0.12 0.07
0.13 0 0.2 0.11
-0.12 0 0.06 0.04
-0.01 0 -0.06 -0.1
-0.04 0 -0.07 0.02
-0.06 0 0.02 -0.03
-0.05 0 -0.09 -0.1
-0.07 0 -0.1 -0.1
0.05 0 0.09 0
-0.06 0 -0.07 -0.02
-0.21 0 -0.04 -0.04
-0.07 0 -0.07 -0.09
0.05 0 -0.05 0.08
-0.05 0 -0.05 -0.15
-0.06 0 0.06 0
0.13 0 -0.03 0.03
-0.09 0 0.01 0.01
-0.05 0 -0.2 0.05
-0.24 0 -0.16 -0.12
-0.16 0 -0.04 -0.12
0.08 0 -0.06 0.03
0.09 0 -0.1 -0.06
-0.17 0 -0.07 -0.04
-0.15 0 -0.11 -0.01
-0.02 0 0.11 0.04
0.07 0 0.15 0.13
-0.12 0 -0.05 -0.08
0.01 0 0.02 -0.09
0.1 0 -0.06 0.06
0.29 0 0.13 0.25
-0.14 0 -0.21 -0.17
-0.17 0 -0.05 -0.01
-0.08 0 -0.19 -0.26
0.01 0 -0.1 0
-0.19 0 -0.08 -0.15
-0.13 0 -0.15 -0.06
-0.24 0 -0.08 -0.06
-0.19 0 -0.18 -0.03
-0.05 0 -0.07 -0.09
0.16 0 0.09 0.05
0.03 0 -0.11 -0.09
0.05 0 -0.12 0
0.01 0 -0.13 0
0.1 0 -0.05 0
-0.15 0 -0.03 0
0 0 0.04 0
0.09 0 0 0
0 0 0 0
-0.12 0 0 0
0.28 0 0 0
-0.37 0 0 0
0 0 0 0
-0.02 0 0 0
0.09 0 0 0
0.03 0 0 0
-0.06 0 0 0
-0.01 0 0 0
-0.04 0 0 0
0.16 0 0 0
0.05 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
-0.01 0.06 -0.01 -0.01

Portfolio return equal weightweihy


suare square
0.01 0.01 0.17
0.02 0.01 0.06
-0.04 0.01 0.02
0.04 0.01 0.01
-0.04 0.01 0
-0.01 0.01 0
0 0.01 0
0 0.01 0
0 0.01 0
0 0.01 0
0 0.01 0
-0.03 1 1

Table 2
io Weight : Non B2BGBS
Weight
0.41
0.24
0.14
0.1
0.04
0.03
0.02
0.01
0.01
0.01
0.01
1
Return on Punj Lloyd
0
-0.12
0.2
0.07
-0.17
0.2
0.08
-0.12
0.37
0.07
-0.01
0.07
0.09
-0.03
0.02
0.32
0.01
-0.08
-0.15
-0.03
-0.43
-0.21
-0.13
0.2
0.55
-0.07
0.28
0.64
0.05
-0.11
-0.21
0.5
0.14
-0.15
0.21
0.17
0.25
-0.08
-0.08
-0.34
-0.1
0.02
-0.09
-0.16
-0.12
-0.15
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.03
Variance equal weight suare
0.0168 0.09 0
0.0291 0.09 0
0.0274 0.09 0
0.0684 0.09 0.01
0.3764 0.09 0.03
0.0460 0.09 0
0.0198 0.09 0
0.0282 0.09 0
0.0177 0.09 0
0.0135 0.09 0
0.0186 0.09 0
1 0.06
Standard deviationweight
RIL 0.1296 0.09
TCS 0.1707 0.09
TATA STEEL 0.1655 0.09
INFOSYS TECHNOLOGIES 0.2615 0.09
SUZLON ENERGY 0.6135 0.09
JSW STEEL 0.2146 0.09
ADITYA BIRLA NUVO 0.1407 0.09
GMR 0.1678 0.09
BHARAT FORGE 0.1330 0.09
TATA CHEMICALS 0.1164 0.09
PUNJ LLOYD 0.1365 0.09
Covariance
RIL and TCS 0.0056 0.00000203687
RIL and TATA STEEL 0.0091 0.00000324702
RIL and INFOSYS 0.0004 0.00000022682
RIL and SUZLON 0.0152 0.00001997963
RIL and JSW STEEL 0.0094 0.00000433323
RIL and ADITYA BIRLA NUVO 0.0068 0.00000205127
RIL and GMR 0.0071 0.00000257097
RIL and BHARAT FORGE 0.0073 0.00000209700
RIL and TATA CHEMICALS 0.0058 0.00000144986
RIL and PUNJ LLOYD 0.0072 0.00000212026
TCS and TATA STEEL 0.0070 0.00000329887
TCS and INFOSYS 0.0096 0.00000707795
TCS and SUZLON 0.0104 0.00001812111
TCS and JSW STEEL 0.0117 0.00000710821
TCS and ADITYA BIRLA NUVO 0.0086 0.00000342590
TCS and GMR 0.0047 0.00000223232
TCS and BHARAT FORGE 0.0095 0.00000355670
TCS and TATA CHEMICALS 0.0072 0.00000236780
TCS and PUNJ LLOYD 0.0033 0.00000128523
TATA STEEL and INFOSYS 0.0007 0.00000050808
TATA STEEL and SUZLON 0.0352 0.00005926868
TATA STEEL and JSW STEEL 0.0210 0.00001235001
TATA STEEL and ADITYA BIRLA NUVO 0.0143 0.00000551609
TATA STEEL and GMR 0.0123 0.00000563892
TATA STEEL and BHARAT FORGE 0.0158 0.00000574326
TATA STEEL and TATA CHEMICALS 0.0132 0.00000422263
TATA STEEL and PUNJ LLOYD 0.0133 0.00000497512
INFOSYS and SUZLON 0.0042 0.00001117194
INFOSYS and JSW STEEL 0.0032 0.00000297897
INFOSYS and ADITYA BIRLA NUVO -0.0001 -0.00000007904
INFOSYS and GMR 0.0014 0.00000101919
INFOSYS and BHARAT FORGE 0.0021 0.00000120136
INFOSYS and TATA CHEMICALS 0.0046 0.00000233923
INFOSYS and PUNJ LLOYD 0.0018 0.00000106842
SUZLON and JSW STEEL 0.0357 0.00007776970
SUZLON and ADITYA BIRLA NUVO 0.0328 0.00004681555
SUZLON and GMR 0.0312 0.00005327010
SUZLON and BHARAT FORGE 0.0241 0.00003250864
SUZLON and TATA CHEMICALS 0.0240 0.00002832227
SUZLON and PUNJ LLOYD 0.0314 0.00004355033
JSW STEEL and ADITYA BIRLA NUVO 0.0167 0.00000834027
JSW STEEL and GMR 0.0110 0.00000654417
JSW STEEL and BHARAT FORGE 0.0138 0.00000654303
JSW STEEL and TATA CHEMICALS 0.0137 0.00000568559
JSW STEEL and PUNJ LLOYD 0.0120 0.00000582022
ADITYA BIRLA NUVO and GMR 0.0111 0.00000432269
ADITYA BIRLA NUVO and BHARAT FORGE 0.0116 0.00000357946
ADITYA BIRLA NUVO and TATA CHEMICALS 0.0108 0.00000291826
ADITYA BIRLA NUVO and PUNJ LLOYD 0.0114 0.00000362342
GMR and BHARAT FORGE 0.0101 0.00000373741
GMR and TATA CHEMICALS 0.0096 0.00000309809
GMR and PUNJ LLOYD 0.0147 0.00000558194
BHARATFORGE and TATA CHEMICALS 0.0106 0.00000271100
BHARATFORGE and PUNJ LLOYD 0.0091 0.00000273036
TATA CHEMICALS and PUNJ LLOYD 0.0093 0.00000244105
0.00055642343
0.06
0.06079650846
0.25
Table 10
Key statistics for Non B2BGBS
Comapany Beta Standard deviationVariance
RIL 0.94 0.13 0.02
TCS 0.86 0.17 0.03
TATA STEEL 1.52 0.17 0.03
INFOSYS TECHNOLOGIES 0.29 0.26 0.07
SUZLON ENERGY 2.71 0.61 0.38
JSW STEEL 1.7 0.21 0.05
ADITYA BIRLA NUVO 1.14 0.14 0.02
GMR 1.05 0.17 0.03
BHARAT FORGE 1.16 0.13 0.02
TATA CHEMICALS 1.07 0.12 0.01
PUNJ LLOYD 1.07 0.14 0.02
Table 11
covariance of Non B2BGBs
RIL and TCS 0.01
RIL and TATA STEEL 0.01
RIL and INFOSYS 0
RIL and SUZLON 0.02
RIL and JSW STEEL 0.01
RIL and ADITYA BIRLA NUVO 0.01
RIL and GMR 0.01
RIL and BHARAT FORGE 0.01
RIL and TATA CHEMICALS 0.01
RIL and PUNJ LLOYD 0.01
TCS and TATA STEEL 0.01
TCS and INFOSYS 0.01
TCS and SUZLON 0.01
TCS and JSW STEEL 0.01
TCS and ADITYA BIRLA NUVO 0.01
TCS and GMR 0
TCS and BHARAT FORGE 0.01
TCS and TATA CHEMICALS 0.01
TCS and PUNJ LLOYD 0
TATA STEEL and INFOSYS 0
TATA STEEL and SUZLON 0.04
TATA STEEL and JSW STEEL 0.02
TATA STEEL and ADITYA BIRLA NUVO 0.01
TATA STEEL and GMR 0.01
TATA STEEL and BHARAT FORGE 0.02
TATA STEEL and TATA CHEMICALS 0.01
TATA STEEL and PUNJ LLOYD 0.01
INFOSYS and SUZLON 0
INFOSYS and JSW STEEL 0
INFOSYS and ADITYA BIRLA NUVO 0
INFOSYS and GMR 0
INFOSYS and BHARAT FORGE 0
INFOSYS and TATA CHEMICALS 0
INFOSYS and PUNJ LLOYD 0
SUZLON and JSW STEEL 0.04
SUZLON and ADITYA BIRLA NUVO 0.03
SUZLON and GMR 0.03
SUZLON and BHARAT FORGE 0.02
SUZLON and TATA CHEMICALS 0.02
SUZLON and PUNJ LLOYD 0.03
JSW STEEL and ADITYA BIRLA NUVO 0.02
JSW STEEL and GMR 0.01
JSW STEEL and BHARAT FORGE 0.01
JSW STEEL and TATA CHEMICALS 0.01
JSW STEEL and PUNJ LLOYD 0.01
ADITYA BIRLA NUVO and GMR 0.01
ADITYA BIRLA NUVO and BHARAT FORGE 0.01
ADITYA BIRLA NUVO and TATA CHEMICALS 0.01
ADITYA BIRLA NUVO and PUNJ LLOYD 0.01
GMR and BHARAT FORGE 0.01
GMR and TATA CHEMICALS 0.01
GMR and PUNJ LLOYD 0.01
BHARATFORGE and TATA CHEMICALS 0.01
BHARATFORGE and PUNJ LLOYD 0.01
TATA CHEMICALS and PUNJ LLOYD 0.01