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DRM Assignment - Final
DRM Assignment - Final
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Analysis
Part I. As inferred by analyzing the plots of daily prices for the 4 given companies, we can arriv
Stock Rank
ULTRACEMCO Least Risky
BEL
IDEA
CNBK Most Risky
Part II. By an overview of the plots, all the 4 stock prices do not seem to follow similar trends g
periods can be identified where these stock did show similar movement.These trends a
probable reason for their occurrence.
Electronics (BEL)
16 16 16 17 17 17 17 18 18
20 20 20 20 20 20 20 20
/1/ /1/ /1/ /1/ /1/ /1/ /1/ /1/
9 1 2 3 6 9 1 2 3 6
a Bank (CNBK)
Analysis
016
month of December. BEL, CNBK and UltraCemCo prices took a sudden
- - -
-0.7017% 3.4050% 2.7661%
0.2320% -0.4333% -0.3401% 40.0000%
-1.2154% -2.9591% 0.1956%
0.0506% -0.7474% -1.5595% 35.0000%
2.0842% 0.2108% 1.5394%
0.3442% 5.0496% -0.6337% 30.0000%
2.2243% -2.6609% -0.6210%
25.0000%
1.0015% 0.4115% 0.2332%
0.9790% 1.8443% -1.7271%
20.0000%
0.3140% -2.7882% -2.0850%
-5.0759% -2.1585% -1.3925%
15.0000%
-0.2277% -0.9671% 1.8986%
2.5893% 2.5633% 1.5611% 10.0000%
-1.7158% 3.0646% 0.3336%
-0.4553% 0.9238% -1.2278% 5.0000%
-4.1688% -0.5721% -0.5183%
-4.9475% -3.2796% 0.9151% 0.0000%
-4.6340% 1.1600% -1.6935% 9/2/2014 12
5.3135% -2.3522% 2.5501% -5.0000%
-0.9742% -1.5959% 0.0302%
-10.0000%
-1.7109% 1.6524% -0.8180%
0.9422% 0.4816% 0.9466%
-15.0000%
-1.3027% -0.3595% -3.4396%
2.1066% -4.9910% -0.3263%
3.7050% 1.4241% 0.8390%
-0.5147% -4.7114% -3.4837%
2.0696% 2.5540% -0.0524%
1.3043% -1.7241% -0.5764%
-2.5371% -4.3860% -6.3646%
3.5356% 4.6211% 0.5628%
0.8470% 4.6119% 5.5021%
1.0738% 0.2794% -2.1077%
-1.5489% -0.7430% 0.3085%
0.4541% 0.4679% 1.2779%
0.3510% -2.3595% -0.2934%
-0.5935% -1.4626% 1.2675%
0.6744% 2.8396% 0.5344%
-0.3230% 0.2510% 1.3804%
3.7586% 1.9718% 1.7285%
1.7818% -0.3990% 0.3410%
0.4653% 1.0478% -1.0586%
-1.5347% 2.5008% 1.3719%
-2.3621% -0.4165% 0.3310%
2.9140% -1.1353% 2.7851%
0.6630% -0.5138% -0.9422%
-1.4303% -1.1543% -1.4888%
0.2729% -0.1537% 1.1842%
1.7701% 1.1388% -2.1361%
1.0071% 2.5867% -0.9165%
-2.7537% -0.8009% -1.4298%
-3.0199% 2.5718% -1.3025%
1.1726% 0.4082% 0.9183%
1.4261% -2.3810% 1.2133%
-4.0546% -2.9447% -1.9172%
-0.9059% -0.0613% 0.2266%
0.1452% 1.0733% 0.0162%
7.6630% -3.3374% 0.5268%
-1.5761% 0.6277% -0.4699%
2.2931% 2.2146% -0.3127%
0.2155% -0.3967% -0.0405%
1.2260% -2.6042% -0.1255%
-0.3077% -3.7433% 0.8534%
-1.1561% -3.8562% 0.6995%
-3.5658% -0.6798% -0.9681%
3.5614% -2.4641% 1.2416%
1.7716% 1.4737% -1.1169%
-1.1727% -1.2794% 1.2966%
1.0090% -1.8214% 0.9699%
-3.2312% 2.1762% -1.9763%
0.0732% 0.0000% -2.0102%
6.8573% 1.3617% 0.2767%
-1.5860% 0.6200% 1.9006%
2.2159% 2.3622% 0.9948%
-1.1285% 0.0000% 0.8638%
1.4879% 0.0669% 3.3903%
1.7630% 0.2005% -1.1749%
-1.0386% 0.4670% 1.8614%
1.3211% -0.3320% -0.5410%
0.0321% 2.4650% 1.6129%
0.1672% 3.5761% -0.2340%
-0.1326% 0.1569% 2.9512%
0.2336% -3.9173% 0.2806%
-2.8101% -2.1526% -3.2420%
-0.1269% -0.0667% -0.0714%
3.6059% 1.6011% 2.6746%
-2.6625% -3.1845% -0.1629%
0.8752% -0.8817% -0.9424%
0.0879% 0.4105% 4.1647%
-1.3824% 0.9540% 3.2092%
4.1045% 1.1812% 5.9572%
-0.5922% 1.2342% -0.1966%
2.0272% 2.2735% 0.4950%
1.2099% 1.3853% 0.4034%
0.2764% 3.6861% -1.4151%
-0.8597% 1.5630% 2.1949%
0.4280% 1.6898% 0.6823%
0.2351% 1.0979% -0.7270%
1.4181% -2.5536% 0.4327%
-1.3659% -3.9157% 0.6637%
-5.5633% -3.1034% -0.4692%
2.6288% -0.3235% -1.7469%
-3.5065% -0.0325% 0.6499%
3.2473% 0.1299% -0.3494%
-5.2647% -0.1297% -1.0811%
-3.3080% 0.7143% -1.7186%
-3.2899% -0.7092% -1.4494%
-0.6481% -2.1104% 0.3643%
1.3665% 0.2653% 1.0839%
-1.0123% 1.4224% 1.0357%
4.1344% 0.7828% 2.3497%
-1.3423% 2.0388% -0.8939%
-0.1951% 0.6977% 0.6894%
-0.9022% -4.0630% -1.4274%
1.4136% -1.0834% -1.3059%
-2.3041% 1.0953% -1.5997%
0.6840% -1.9370% 0.5200%
-0.8999% 2.0087% 1.7546%
-2.0669% 1.6410% -2.1455%
3.6595% -0.0323% 4.9619%
1.8269% -1.5504% 0.5190%
1.1185% 0.4921% 7.5700%
2.1291% 0.0653% -0.5911%
-2.3771% 1.8923% -1.6900%
1.1340% -3.9705% -3.3412%
-3.2935% -0.5335% -3.8676%
-0.7429% 3.1512% -1.4944%
0.1972% 6.4023% -1.0119%
0.2448% 6.8723% 0.5454%
-2.3991% 4.0869% -2.0335%
-0.1393% -4.8874% -1.0650%
0.1756% 1.9919% 0.6335%
0.5157% -0.7925% 0.0478%
-2.5702% -0.1997% -1.5654%
-2.1641% -0.1144% -1.0671%
0.0135% -1.9176% -0.8405%
-1.6763% -0.8462% -0.9183%
-0.9988% 2.0600% -1.3331%
-2.2583% 4.0369% 1.0766%
-0.2885% -4.9612% 0.2663%
2.8135% 6.7950% 4.7678%
-1.2855% 0.3550% -2.1776%
3.2192% 2.9932% 0.2748%
1.3293% 2.1664% 0.4093%
-0.5851% 1.9395% 1.3939%
-0.8600% -2.5114% 1.7410%
2.4777% -2.2899% -0.7401%
0.8756% 4.2344% 0.1468%
1.9746% 3.3725% 1.1286%
0.9772% -1.7548% -0.3031%
-0.9805% 1.9874% -3.2277%
0.4141% -2.8367% -3.0885%
-2.7790% -2.5895% -0.9887%
1.3462% -3.3881% -0.8546%
-1.5285% 0.5395% 1.5262%
-0.3089% -0.8586% -2.2254%
-2.6533% -1.1367% -1.0201%
1.0201% 2.0257% -1.8728%
0.7701% 2.7904% 1.3194%
-0.2058% -5.1162% -0.3994%
-1.4459% -3.7414% -0.5465%
2.5105% 1.9434% 1.7704%
-0.6838% 0.2243% -0.2819%
-4.6194% -3.8881% -3.8068%
-3.3071% 0.5821% 0.7223%
-3.1511% -1.7361% 3.0670%
5.3750% 0.9717% 4.5025%
-3.6945% -2.1872% -2.5518%
2.6055% 0.2982% 1.5065%
3.2797% 2.4376% -0.0501%
-2.1365% 0.5514% 0.3027%
-2.3591% 1.8759% 3.5054%
-0.2704% 1.2465% 2.4654%
-0.3819% -1.6508% 2.1569%
0.6116% -1.9630% 1.0466%
-0.0436% -2.9309% -2.5054%
-3.7074% 0.0299% -1.6981%
-1.1303% -0.7472% -0.9769%
1.5008% 2.3186% -0.9247%
0.0572% -0.4709% 1.1814%
0.4545% 2.4246% 2.0712%
-0.2487% -0.6062% 0.5459%
-4.6585% -0.1162% -3.0238%
-0.8128% 1.9482% -2.4876%
-1.8231% -0.7986% 1.3056%
-2.5169% 2.5014% -2.1868%
-4.3905% -1.0098% 0.1284%
-1.0621% 0.5667% 0.1335%
0.0175% -1.0425% -0.2490%
0.0526% -4.4134% -3.5243%
0.4067% 1.6384% 1.3821%
-0.3212% 2.8722% -1.0097%
2.6587% -3.8177% 0.9924%
0.2150% 0.9182% 1.7101%
-0.1498% 1.9665% 0.3083%
0.4297% 0.9499% 0.1590%
2.1798% -0.0855% -0.0642%
1.0368% -0.0571% 3.2259%
-1.9832% -0.7424% -1.6015%
-4.0801% -0.1726% 0.6380%
-1.3957% -0.8646% 1.8355%
-1.9654% -1.5407% -0.2675%
-2.1676% 3.7201% 2.8786%
3.1848% 1.8503% 1.9957%
-0.5054% 1.8726% 0.2343%
0.7710% -0.6584% 0.1210%
2.0701% -0.0552% 1.2770%
-0.4764% 0.0553% 1.9316%
-2.5869% -0.4143% -1.3920%
0.9322% -0.3605% -0.4235%
1.8292% -2.5049% 0.9956%
1.8808% 0.0285% 0.9331%
0.3865% 0.3995% -0.8692%
-0.9727% 0.5401% 2.0549%
0.8643% 1.3571% -0.8513%
-0.3682% 1.1437% 1.3565%
-3.0084% 1.5168% 4.2684%
-1.9729% -0.9508% -3.6539%
0.5994% -1.8376% 0.7535%
-0.0722% -0.5029% -0.4792%
-1.8430% 0.3089% -0.9691%
-4.0645% -3.8354% -2.3857%
-2.7631% -1.6012% -0.2267%
-1.6497% 0.4142% 0.2816%
2.5361% 0.4714% 0.5536%
5.1581% 1.3783% -0.0508%
5.5564% -1.0414% 0.2619%
6.1030% -3.8293% -0.4639%
-1.8907% 0.9119% 2.1697%
2.6689% 1.3855% 0.3285%
-0.8973% -0.8616% -0.6192%
-0.1298% -1.7381% -0.9744%
0.4200% -1.6163% -0.6102%
-5.1148% 0.2170% -2.6860%
-1.7700% -2.5673% 0.1386%
5.8545% 2.4127% 1.2064%
13.4163% 0.7440% -0.8462%
0.6911% -1.6000% 1.6662%
-1.8912% 0.5941% 0.9495%
-4.7592% -2.4246% -3.5963%
0.4130% -2.7716% -2.5400%
-13.5290% -3.7353% -4.5411%
1.6412% 2.9952% 2.0974%
-3.1258% 0.2313% 0.1726%
3.5880% 0.0989% 0.0310%
-2.8764% 1.2846% 1.4679%
1.9096% 1.3659% -1.5858%
-6.1214% -3.9782% -2.3119%
-2.8504% 3.2075% 1.6301%
2.0112% -2.9136% 4.4087%
-3.5527% -0.6002% -2.9027%
-1.4229% -2.7172% -2.0296%
2.9845% 0.7586% 0.9466%
1.8241% 2.1218% 3.4180%
-2.7724% -0.5697% -0.2966%
0.4666% 0.3033% -1.2052%
3.1875% -0.6384% 0.3454%
-2.0389% -2.4011% -0.8868%
2.0420% 1.4553% 0.6073%
3.6867% 0.4440% 0.1411%
2.4719% -0.8841% -1.3109%
-3.4156% -1.7153% -3.2709%
1.6238% -1.3613% -0.9837%
-0.1439% -1.4508% 0.9845%
0.0000% 2.4417% -3.2626%
1.2047% -2.3484% -0.2446%
-0.6573% 7.2146% -1.1982%
-0.1103% 0.4687% 3.5096%
3.7938% 2.4992% 1.5754%
2.1909% 2.8609% -1.6326%
1.1483% 0.4741% -0.4240%
-0.5008% -1.3841% 2.1107%
-0.0517% 0.7337% -0.1526%
-0.6863% -0.1583% 1.0697%
0.4897% -3.1716% 2.1221%
-1.2614% -0.9171% 0.1945%
2.7229% 0.8926% 1.3815%
-0.2794% -1.4417% 0.1695%
-0.7995% 0.6981% -1.7580%
0.6544% -0.0660% 0.3996%
-2.1147% 0.1652% -0.7702%
0.5453% -7.3549% 0.3423%
-1.4220% 0.4628% -1.9606%
-0.5643% -0.1772% 2.0121%
-1.9508% 0.2130% -0.3152%
-1.1431% -0.1063% 0.8312%
-1.3869% -0.8865% -1.1551%
0.2152% 0.2862% 1.2813%
0.6480% -0.6422% 0.1079%
-1.8432% 1.2567% -1.0107%
-1.5667% -1.4539% -2.0662%
1.8354% 0.1799% -1.5118%
0.6880% -3.4124% -1.3218%
-1.3369% -3.6073% -1.8496%
0.4780% 1.3889% 0.5936%
0.7117% -1.4079% -1.4321%
2.0234% 0.5789% 1.9061%
-1.9833% 0.5756% 0.2837%
-2.4995% 2.5563% -0.1697%
0.2251% -0.7440% 0.7038%
-0.4263% 1.7991% 0.7552%
-0.2217% 2.6878% 0.9027%
-1.6780% 0.2868% -0.8017%
-0.5689% 5.1484% 1.2456%
3.2213% -2.0061% 0.7236%
0.7024% -1.8737% -0.9073%
-0.9010% 0.1061% 1.9861%
-2.2369% -1.0244% -0.5869%
-1.5332% 0.1071% 0.3127%
-2.7466% -1.0339% 0.2662%
-0.0406% -1.1527% 0.0419%
-1.1098% -1.1662% -0.4802%
-1.0770% -1.5118% -2.2598%
-0.5859% 0.7113% 1.0178%
-1.8894% -2.1190% -1.2918%
0.4729% 2.5446% 2.2359%
-1.0898% -2.3704% 0.6462%
0.2915% 2.8452% -0.3272%
0.9960% -1.3279% 1.4235%
-0.2878% 0.9720% -2.2395%
0.5391% 2.2954% -0.5346%
-1.6635% 0.9048% -0.4111%
0.6054% 0.2152% 0.7274%
-0.0640% 1.0379% 0.0763%
0.1025% -0.9210% -0.3422%
-0.1450% 0.4290% 0.3095%
-1.5166% 0.1780% -1.1244%
-1.4142% 2.1677% -0.0951%
1.9273% -0.6261% 1.1149%
-1.9945% -5.0053% -1.9869%
-1.2422% -0.1105% -0.7627%
-0.8475% -0.4058% -0.0858%
-4.1970% -1.1852% -2.5688%
0.5447% -0.0750% 1.3745%
-1.7233% -2.2881% 0.8842%
-4.0439% -3.7620% -2.0628%
-4.1202% -3.3506% 0.5205%
-3.9461% -1.4445% -2.1419%
-5.9096% -5.5695% -0.3807%
-1.3030% -1.3304% 0.8292%
0.6196% 4.8090% 0.2179%
-3.5852% 0.7290% -0.7298%
1.5698% -3.0226% 2.7388%
6.5170% -6.1896% 0.8083%
-1.1310% 0.0468% 1.1530%
3.0969% 2.1515% -0.1109%
0.8931% -4.0751% -0.1347%
1.2285% -1.5752% 3.0071%
-3.3492% 1.6974% -0.4830%
-0.7512% -0.8107% -0.1085%
-2.8451% -0.9135% -1.3615%
0.7733% -2.9112% -0.0307%
6.0377% 1.3993% 2.6189%
2.1232% 0.5914% -0.7686%
-3.4235% 0.1960% -2.0437%
-3.8308% -2.1027% 1.5435%
-5.7563% 0.7493% -3.4962%
0.1429% 9.0729% 2.2749%
3.5846% -1.0455% 1.2313%
-4.6887% -3.2614% -0.4494%
1.8786% 2.3742% -0.5715%
-0.9515% -0.0928% 0.7153%
-0.3759% 0.6500% 1.6280%
-2.0424% 0.7841% 2.7550%
-3.1183% -2.4256% -3.5737%
0.2146% -1.9231% -0.6574%
-1.5618% 1.2434% -0.6116%
0.4350% -0.3779% -0.1152%
-1.7644% -0.9483% -0.3027%
4.2537% 1.1967% 4.3530%
7.0780% 0.9461% 2.9853%
0.8190% 1.4527% -0.6642%
3.1976% -2.3557% -1.6588%
-2.3392% -0.1419% 1.6851%
0.1429% 0.6158% 1.2661%
-0.1427% -1.4595% 0.1421%
1.3948% -2.4845% -0.1669%
1.5053% -0.3920% 0.5969%
0.8387% -2.4102% -0.6698%
0.6169% -0.8569% -0.4652%
-0.4544% 2.0336% 1.7651%
1.6828% 1.7439% 2.7553%
1.5035% -0.1469% 3.5801%
0.1012% 0.1471% -0.6208%
-1.0592% 3.0362% -0.1171%
-4.4760% 0.2376% -0.5926%
-0.9856% 1.5647% -1.3149%
3.5664% 1.8674% 1.7516%
1.4170% 0.5958% 1.0949%
4.6897% -2.5968% -0.6988%
-0.1500% 5.9869% -0.9768%
-5.9991% -3.4863% -2.2722%
-1.0196% 1.7375% 2.9184%
-1.4310% -1.6629% -1.6199%
0.2994% -0.4570% 0.6099%
2.6301% 5.8770% -0.1678%
1.4926% -1.6045% 0.3551%
3.3144% 1.1459% 3.4962%
-1.3241% 5.2723% 4.0100%
1.6494% -3.4354% -1.0904%
4.2888% 0.3000% -2.9720%
2.7767% 0.4701% 0.0382%
-2.0153% 0.5955% 0.2064%
3.4329% 4.6512% -0.3265%
-0.9798% 1.0101% -2.3707%
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0.1032% -5.0167% -1.9930%
-0.1845% -0.0440% -0.6170%
2.5383% 0.1761% 2.0655%
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1.5445% -0.4474% 2.6363%
2.0148% -0.6742% -1.0960%
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2.8543% 1.5814% -1.2242%
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2.8188% 3.8777% 0.2917%
-2.9433% -0.5270% 0.9674%
-0.0266% 0.0883% -0.7902%
6.5839% 1.1910% 0.2779%
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1.2919% 0.8522% -0.1560%
-3.6309% -9.9704% -1.3091%
0.8058% -0.3754% 1.2465%
0.8259% -0.7537% 3.1900%
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1.5213% -0.2853% 0.2372%
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2.3873% -0.2001% -2.0388%
1.0693% 0.7519% 1.2259%
1.7289% -0.5970% -2.3491%
0.1218% 1.1512% 0.3976%
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1.6298% -0.7771% -0.3330%
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0.8017% 0.1972% 0.4852%
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2.4060% 0.9050% 3.0652%
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1.1172% 0.5753% -0.1132%
0.3211% 1.5729% 0.4549%
0.0894% -0.4693% 0.4308%
3.3197% 0.2829% -0.4626%
1.2834% -0.9403% -1.1596%
0.5212% -0.4271% 0.2418%
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4.4876% 1.3739% 1.6003%
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6.5441% 0.8908% 1.9069%
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1.5966% 0.5605% -1.1220%
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3.6489% -0.1440% -1.9969%
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2.3860% -1.2685% -1.0138%
1.9031% 0.3212% 4.6115%
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0.4711% 0.9081% -1.2491%
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2.0875% -2.5794% -0.1673%
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1.4785% 0.9564% 0.5526%
2.0229% 0.4737% -0.2582%
6.7717% -1.3553% 0.2650%
1.0257% 0.9558% 0.7282%
0.4347% -1.0651% -3.9280%
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4.8498% 1.1473% 2.0201%
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0.5947% -2.6667% -1.0355%
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3.1853% 3.7084% 1.4777%
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3.6817% -0.8772% -0.2525%
3.5509% 2.5284% 1.9966%
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1.2993% -1.5394% 2.0224%
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3.1504% 0.7612% 0.2467%
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2.5301% 2.6212% -0.6311%
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1.9088% -4.0000% -0.2361%
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0.2388% -1.5248% 0.1016%
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3.1928% 1.4553% 1.3996%
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1.2650% -0.9589% -4.8801%
6.8414% 1.0373% 2.0049%
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1.3284% 2.0014% -7.4282%
1.2036% -1.1212% 0.1813%
1.3596% -0.8505% -1.0207%
0.6469% 1.6440% 1.7072%
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0.6930% 2.7484% 0.8604%
0.3947% -1.9890% 0.9139%
1.4853% 3.0791% 0.3933%
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2.5123% -2.2713% 1.9003%
-1.1786% -6.0039% -0.9089%
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1.0031% -1.0892% -0.0809%
0.5477% 2.4088% 0.5345%
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1.3972% 0.1957% -0.6694%
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1.4620% 0.8646% 2.1951%
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0.8798% 1.9244% 1.0571%
-0.1682% 1.0789% 3.7275%
0.8931% -2.0680% -1.3244%
-0.3378% 1.0218% -0.7605%
0.9272% 0.8766% 2.4671%
1.5015% -2.5401% -1.7766%
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0.3438% -4.6431% -0.9784%
0.7634% 1.5988% 0.6175%
2.1729% -0.9299% 1.1990%
1.3889% -2.5993% 3.5915%
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0.7315% 2.5874% 1.6174%
1.1492% 3.4765% 3.6581%
1.4211% 0.3294% 0.6440%
0.7991% 2.4294% 0.1603%
1.3539% 25.2564% 0.2062%
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3.0290% -2.4523% 2.3089%
2.1557% 2.2346% -1.5398%
4.1344% -0.3188% 0.4286%
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0.1289% -0.9686% -1.5673%
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0.9217% 0.5126% 0.9815%
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2.2841% 1.1349% 0.9994%
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0.2641% -1.1511% 3.8028%
1.6857% 9.7525% 0.4626%
2.1067% -0.1326% 0.9733%
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3.6036% -0.7642% -0.0075%
1.1935% -3.6304% -0.5712%
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1.5256% 0.4566% -0.5415%
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2.3611% -1.7981% 1.6993%
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1.7642% -0.3517% 4.1022%
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2.8248% -1.4543% -1.0108%
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5.7197% -0.5370% 0.5301%
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0.2144% -0.6834% -0.3155%
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1.4546% -0.4416% 0.5122%
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0.7221% 2.1889% -1.4727%
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1.1715% -1.4981% 0.4427%
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1.9071% -2.5917% -0.2203%
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0.0284% 1.5676% 2.0154%
0.9658% 2.4437% -0.6727%
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0.2695% -1.7042% -1.1750%
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0.6794% 2.8959% 2.0720%
2.0399% 1.0180% -0.1137%
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0.9128% 1.0557% 1.0040%
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0.2564% -0.4765% 1.7143%
3.0385% -1.2567% 0.4746%
1.0219% 1.0303% -0.2544%
4.4942% 4.6191% 0.9336%
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1.0683% 1.3642% 0.9636%
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1.4487% 1.3098% 0.5764%
0.2312% -0.0562% 2.9565%
0.0136% -1.9123% -0.3887%
0.7326% 9.1170% -2.8863%
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1.1898% 6.4270% -2.1870%
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2.8394% 3.0189% -0.4638%
1.1264% -3.2444% 0.8126%
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1.1507% -0.5898% -0.0747%
0.2702% 0.3776% -0.7694%
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-1.4515% -1.9898% 0.3826%
1.3501% 0.1160% 0.9675%
1.9830% 0.7532% -0.4848%
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2.8926% 2.8994% -0.5962%
1.5023% -0.5525% -0.3011%
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0.5482% 0.6289% 2.0717%
0.1326% 3.0114% -0.3152%
0.2060% -2.1511% -0.0200%
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0.8199% -2.5892% 2.4360%
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-1.0737% -1.3631% 0.6839%
0.6482% -1.1935% 0.7275%
1.4977% 0.0636% 1.0935%
0.3099% 4.9555% -0.8388%
1.8682% -1.0896% 0.7061%
0.4477% -2.5092% -0.0819%
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0.5691% -3.6659% 0.6082%
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0.5677% 0.0000% 0.3293%
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0.1948% -2.0013% 1.0586%
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0.8950% -0.6065% 0.5655%
1.6613% 0.1356% 0.9372%
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-0.5242% 1.8443% -0.7947%
1.5972% 5.8350% 2.1736%
-0.1945% 5.3232% -0.0187%
0.2923% 8.3032% 2.1265%
-1.2144% -1.4444% 0.0685%
-0.8031% 2.8749% -1.4137%
0.9088% 7.5616% 4.2312%
3.8480% 0.3566% 0.5244%
38.7260% 0.5584% 5.5156%
-3.5917% -2.3725% 0.5302%
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2.2888% 1.8817% 0.7298%
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1.7012% 6.6236% 0.5737%
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0.3477% -0.6092% -0.5467%
0.5444% -5.1862% 1.2034%
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0.0000% 0.3621% 2.0053%
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-1.4362% -0.9106% 0.2932%
-1.9473% 1.1892% -1.2542%
3.9044% 2.5641% -0.7802%
1.1182% -0.8333% -0.1416%
1.1058% 6.1975% -2.0096%
0.0000% -0.2473% -0.4281%
1.4753% -2.3798% 1.6093%
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-2.7223% -1.2705% -0.4484%
1.2545% -0.1609% -1.7897%
1.7971% 0.5371% -0.0426%
-2.6214% -0.5342% -1.7258%
0.7279% 4.6724% 1.1010%
-0.1091% -1.2827% 2.0505%
0.1365% -0.4678% 1.8005%
0.1363% -2.5065% -0.4257%
-3.3896% -0.5892% 1.2279%
0.6623% 1.2392% -0.1439%
-0.5039% -0.0532% 1.0215%
2.7715% 1.1182% -0.0441%
1.6427% 3.8441% 1.1740%
-1.5488% -0.7606% -0.6284%
0.7661% 3.7813% -0.0081%
0.5295% -0.8863% -1.0121%
1.3369% 1.2419% 1.1996%
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-2.0369% 1.1358% -0.0292%
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0.0832% -3.2825% -1.4940%
-2.3981% -3.7285% -0.0881%
0.2130% 1.9861% 1.1676%
2.7636% 1.8014% 1.0123%
0.6344% 10.7604% 1.1575%
-0.0274% -5.8290% 0.6711%
-0.0137% -0.4127% 0.0350%
-2.7557% -1.1510% -0.5342%
0.2397% -0.1863% 0.0659%
-0.4360% 1.3532% -0.0136%
0.1130% -3.6832% 2.6024%
-4.1908% -1.7208% 0.5520%
4.4919% 0.6809% -0.0187%
-1.5363% -2.3188% -2.9840%
3.8362% 1.1869% -2.4645%
0.0689% -2.7370% 0.6977%
3.1823% -0.1508% 1.0323%
1.2684% -5.4857% -2.0961%
-4.7198% 1.2780% 1.7966%
-4.3725% -1.5773% 0.7053%
1.1142% 0.4274% -0.6263%
-2.3039% -0.9574% 0.4309%
-3.3543% -1.9334% 0.2157%
-5.6381% -3.2859% -4.8276%
2.0398% -0.8494% -0.7908%
0.4093% -2.9126% -1.2963%
-1.4422% -0.8235% -0.2712%
2.7994% 1.4828% 2.0936%
-0.6189% -2.1625% -0.3288%
2.0707% 0.9558% 1.1316%
-5.7962% 0.3550% -0.5904%
0.5019% -2.0047% 0.2958%
-0.9344% -1.2635% -0.5134%
-1.0571% 0.5484% -1.1941%
2.3176% 1.8182% 0.5830%
0.1446% -1.0714% -0.2186%
-0.8021% -2.2864% -0.7661%
1.5039% 1.1700% 0.4024%
-1.2586% 0.2435% 0.5928%
-4.6144% 2.3679% 0.8525%
1.2348% -0.4745% -0.4909%
-2.9908% -1.0131% -0.0553%
-3.4619% -0.6020% -1.3941%
-4.3889% -0.7874% 1.3405%
-6.9043% -2.6862% -0.8879%
0.6815% -0.0627% 0.1568%
-6.2512% -1.0044% -0.9721%
1.3379% -0.4439% 2.3567%
5.6161% 2.7389% -0.1437%
3.0159% 0.7440% 1.4448%
1.8683% -1.3538% -0.9657%
1.4748% 1.1229% -3.8932%
-1.5465% -4.0099% -1.3387%
-3.7850% -0.8355% -0.8962%
1.3769% 2.5924% 1.5850%
-1.1835% -1.9583% -1.8516%
-3.8877% 0.0644% -1.3095%
10.5209% 3.4771% 1.9684%
-0.6285% 0.3111% 0.7241%
-1.8229% -5.8313% -0.7188%
0.1516% 2.5033% 0.7215%
1.7215% -0.5784% -0.6862%
-2.3619% -0.9696% -1.7691%
7.8476% 0.3916% 2.1977%
0.9890% -2.5358% -0.4311%
-0.0175% -0.1334% -0.7925%
0.5248% -1.2024% 0.3318%
-2.3491% 0.0000% -0.1666%
-0.9266% -1.0818% -1.3339%
2.1403% -1.3671% 0.1717%
-0.6515% -1.1781% 0.9809%
-2.6232% 0.2104% 0.0064%
0.9465% 0.0700% 1.9172%
0.3606% -0.7692% 2.7828%
-7.0428% -0.1409% -0.5495%
1.7201% 1.1291% 1.5389%
-1.6911% -0.8374% -0.5901%
-1.6815% 0.4926% 0.3775%
-0.2752% -4.2017% -1.3386%
2.9174% 0.5848% -0.4192%
1.8770% 0.5087% 1.1447%
-3.6097% -2.7477% -2.2476%
0.4096% -4.9071% -0.5266%
-0.6993% -2.2674% -0.2378%
2.7973% -0.1600% 1.1930%
-0.2474% -2.0032% 0.7611%
-1.5834% -0.8177% -2.4077%
-3.6247% -3.7923% 0.8144%
-0.7643% -11.9109% 1.8269%
1.0742% 0.6809% 0.8707%
-2.9477% 2.6087% 0.0548%
-0.4132% -0.6591% -2.8849%
-0.4564% -0.1896% -0.8257%
-1.7507% -1.0446% -2.5001%
4.2215% 1.4395% -0.1710%
0.0204% 3.8789% -2.5102%
-1.2210% -0.4554% -1.4578%
0.9889% 4.1171% -1.1457%
3.3048% 5.0088% 0.6492%
4.4431% 2.6778% 1.3077%
-2.8739% 1.5485% -0.3820%
-0.2725% -0.7223% -0.2530%
0.3904% -0.5659% 1.0319%
-0.4667% 0.4878% -1.5154%
-1.0940% 1.7799% 0.6236%
0.1778% -10.0954% -0.9242%
2.7603% 4.2440% 0.5303%
4.4896% 4.8346% 0.7250%
1.4506% 3.8026% -0.2149%
-0.4706% -0.6235% 2.0174%
1.6548% 2.3529% -0.6306%
0.3041% -5.7471% 0.9134%
-1.0166% 2.1138% -0.8841%
-2.8288% -3.4236% -2.0003%
-0.7232% 2.6381% -0.6000%
-2.0732% -0.8835% -0.5859%
-0.2098% -0.3241% 0.0918%
-2.4847% -1.1382% -0.9435%
1.6856% -0.4112% 0.6677%
-3.6430% -7.5145% 3.0472%
1.2402% 3.4821% 2.3481%
-2.1932% -3.8827% -1.7434%
0.5253% 1.7953% -1.3715%
1.1053% 4.6737% 2.6119%
-1.0535% -3.8753% -1.0815%
-1.6673% -0.4382% -0.7267%
-0.0409% -2.9049% 1.0880%
-0.3474% -1.1786% 3.8410%
1.5792% 0.3670% 0.4598%
0.7874% -0.1828% -1.3934%
0.4207% 2.1978% 1.5529%
-2.1544% -3.1362% -0.2020%
-1.3456% 0.5550% -0.1227%
-4.2157% -1.8399% 0.4256%
-4.0561% -1.6870% -2.5166%
5.5768% 0.0000% 0.8075%
-2.9606% -4.6711% -1.1771%
2.1291% 0.8000% 0.2052%
1.7838% 1.4881% 0.3746%
4.2863% 2.7370% 3.5630%
2.3689% 7.3264% 3.1711%
2.4328% -2.6596% -2.2227%
7.7042% 3.4608% 2.4216%
0.1255% -0.7923% -0.4381%
3.6168% 3.6380% 2.8778%
-1.6762% -6.0788% -1.1677%
0.1582% -2.3701% -0.0179%
-1.8249% 1.5873% -0.2278%
3.7891% 1.4706% -0.3765%
1.4121% -0.5435% 0.2411%
-1.8849% 0.1821% 0.6918%
-0.1558% 0.6364% 0.8891%
2.6001% 1.8067% 1.5716%
-4.5954% -3.4605% -1.4986%
-4.4094% -3.4926% -1.2246%
0.2779% -0.9524% 2.5011%
-1.1269% -2.6923% -1.9911%
3.6435% 0.5929% 1.7135%
3.6596% 4.9116% 0.3500%
-1.0957% -0.9363% 1.1510%
-1.0726% -0.1890% -0.0678%
-1.7597% -1.2311% -0.7188%
3.0577% -1.4382% 1.2697%
-3.5815% -0.5837% 1.3007%
2.7130% -3.0333% -0.5804%
1.4536% 0.6054% 0.5554%
-0.8562% -1.0030% 1.1093%
40.0000% Daily Returns of Stocks
35.0000%
30.0000%
25.0000%
20.0000%
15.0000%
10.0000%
5.0000%
0.0000%
9/2/2014 12/2/2014 3/2/2015 6/2/2015 9/2/2015 12/2/2015 3/2/2016 6/2/2016 9/2/2016 12/2/2016 3/2/2017
-5.0000%
-10.0000%
BEL CNBK IDEA
-15.0000%
Analysis
Remark: Findings from closing prices and daily returns are in agreement
with each other.
of Stocks
IDEA ULTRACEMCO
en companies, we
ctutations in daily
ve at the following
urns are in agreement
Stock Number of Observations
BEL 990
CNBK 990
IDEA 990
ULTRACEMCO 990
Analysis
Standard Deviation is regarded as a measure of risk. Greater the Standard Deviation, more risky is
the Annualized Standard Deviation of daily returns of the 4 companies, we arrive at the following o
Analysis
asure of risk. Greater the Standard Deviation, more risky is the stock said to be.By Comparing
aily returns of the 4 companies, we arrive at the following order:
Rank
Least Risky
Most Risky
Task 3 & 5.
Coefficient of Variation Annualized Daily Returns Annualized Standard Deviation
26.0147 34.4238% 33.3511%
567.2689 1.7521% 42.6823%
-29.8430 -27.6953% 41.9033%
24.1520 27.0939% 25.0924%
Coefficient of Variation of Annualized Values
0.9688
24.3612
-1.5130
0.9261
Total Amount ₹1,000,000.00
Returns
Stock Returns
BEL 34.4238%
CNBK 1.7521%
IDEA -27.6953%
ULTRACEMCO 27.0939%
Correlation Matrix
1.0000 0.2671
0.2671 1.0000
0.1753 0.2010
0.2888 0.3404
Covariance Matrix
0.1112 0.0380
0.0380 0.1822
0.0245 0.0360
0.0242 0.0365
Variance 0.0555619974
Standard Deviation 23.5716%
Analysis
Part I. Identifying the best & worst combinations on the basis of correlation matrix
Correlation Matrix
1.0000 0.2671
0.2671 1.0000
0.1753 0.2010
0.2888 0.3404
High correlation indicates the stocks are strongly related and move together thus addi
whereas a low correlation indicates the stocks do not move very similarly thus reducin
highlighted in the corelation matrix, Company 1& 3 i.e. BEL and IDEA form the best po
least correlated. Parallely, Company 2&4 i.e. CNBK & ULTRACEMCO form the worst po
most positively correlated.
Since the returns from equally weighed portfolio are too less as compared to the risk a
primary company are more comparable to its risk. Same can be inferred from the Coeffi
can conclude that the portfolio does worse than the primary company BEL.
Returns
Weight of Money Invested Amount to be invested
0.25 ₹250,000.00
0.25 ₹250,000.00
0.25 ₹250,000.00
0.25 ₹250,000.00
8.894%
₹88,936.35
relation Matrix
0.1753 0.2888
0.2010 0.3404
1.0000 0.1847
0.1847 1.0000
Weights
0.25
0.25
0.25
0.25
variance Matrix
0.0245 0.0242
0.0360 0.0365
0.1756 0.0194
0.0194 0.0630
Analysis
is of correlation matrix
relation Matrix
0.1753 0.2888
0.2010 0.3404
1.0000 0.1847
0.1847 1.0000
ed and move together thus adding onto the risk of the portfolio
move very similarly thus reducing the risk of the portfolio. As
BEL and IDEA form the best portfolio combination as they are
LTRACEMCO form the worst portfolio combination as they are
Returns
Stock Returns
BEL 34.4238%
CNBK 1.7521%
IDEA -27.6953%
ULTRACEMCO 27.0939%
Correlation Matrix
1.0000 0.2671
0.2671 1.0000
0.1753 0.2010
0.2888 0.3404
Covariance Matrix
0.1112 0.0380
0.0380 0.1822
0.0245 0.0360
0.0242 0.0365
Variance 0.05808162
Standard Deviation 24.1001%
Analysis
Since the returns and risks of both assets are comparable to each other we should loo
insight. The Coeffiecient of variation for the Price weighed portfolio is 300 basis points
conclude that the portfolio does better than the primary company BEL.
Returns
Price per share on 31/08/2018 Weight of Money Invested Amount to be invested
113.5 0.0230594976 ₹23,059.50
283.7 0.0576385855 ₹57,638.59
49.35 0.0100263102 ₹10,026.31
4475.5 0.9092756067 ₹909,275.61
25.253%
₹252,529.67
Correlation Matrix
0.1753 0.2888
0.2010 0.3404
1.0000 0.1847
0.1847 1.0000
Weights
0.0230594976
0.0576385855
0.0100263102
0.9092756067
Covariance Matrix
0.0245 0.0242
0.0360 0.0365
0.1756 0.0194
0.0194 0.0630
Analysis
ble to each other we should look at the coefficient of variation for better
hed portfolio is 300 basis points less than that of BEL. Therefore, we can
ary company BEL.
Key Findings from the Study
1. Bharath Electronics Ltd (BEL) - The closing prices of the company displayed
an upward trend till Dec 2017 after which the stock has been continuosly
falling. Using statistical methods, the daily returns of the stock has been
22.46% with a standard deviation of 33.35%. This stock ranks as the 2nd least
risky as compared to the others.
2. Canara Bank (CNBK) - The closing prices of the company have been
historically fluctuating over a wide range displaying no particular trend. Using
statistical methods, the daily returns of the stock has been 1.19% with a
standard deviation of 42.68%. Owing to its high volatility and small returns, this
stock ranks as the most risky one as compared to the others.
3. Vodaphone IDEA Ltd - The closing prices of the company displayed a general
downward trend with slight upsurge in prices in the beginning of 2017 & 2018.
Using statistical methods, the daily returns of the stock has been -19-9% with a
standard deviation of 41.9%. This stock ranks as the 2nd most risky as
compared to the others due to very high Std deviation.
The stocks having low correlation cover each other's risks and make a good
portfolio combination. As per the correlation matrix, stocks of BEL and IDEA
have minimum correlation and thus form best portfolio combination. On the
contrary, the stocks having high correlation increase the overall risk associated
with the portfolio. Stocks of CNBK and ULTRACEMCO have maximum
correlation and thus form worst portfolio combination.