Date RIL Nifty Return for RIL Return for Nifty

7-Oct-22 2,431.89 17314.65

10-Oct-22 2,403.20 17241 -0.0118 -0.00425
11-Oct-22 2,377.84 16983.55 -0.0106 -0.01493
12-Oct-22 2,368.06 17123.6 -0.0041 0.00825
13-Oct-22 2,379.51 17014.35 0.0048 -0.00638
14-Oct-22 2,392.60 17185.7 0.0055 0.01007
17-Oct-22 2,376.10 17311.8 -0.0069 0.00734
18-Oct-22 2,450.34 17486.95 0.0312 0.01012
19-Oct-22 2,499.51 17512.25 0.0201 0.00145
20-Oct-22 2,502.71 17563.95 0.0013 0.00295
21-Oct-22 2,491.53 17576.3 -0.0045 0.00070
24-Oct-22 2,481.80 17730.75 -0.0039 0.00879
25-Oct-22 2,465.38 17656.35 -0.0066 -0.00420
27-Oct-22 2,448.82 17736.95 -0.0067 0.00456
28-Oct-22 2,508.14 17786.8 0.0242 0.00281
31-Oct-22 2,548.29 18012.2 0.0160 0.01267
1-Nov-22 2,543.76 18145.4 -0.0018 0.00740
2-Nov-22 2,535.59 18082.85 -0.0032 -0.00345
3-Nov-22 2,546.83 18052.7 0.0044 -0.00167
4-Nov-22 2,582.57 18117.15 0.0140 0.00357
7-Nov-22 2,595.94 18202.8 0.0052 0.00473
9-Nov-22 2,610.46 18157 0.0056 -0.00252
10-Nov-22 2,575.91 18028.2 -0.0132 -0.00709
11-Nov-22 2,614.60 18349.7 0.0150 0.01783
14-Nov-22 2,624.26 18329.15 0.0037 -0.00112
15-Nov-22 2,603.39 18403.4 -0.0080 0.00405
16-Nov-22 2,601.87 18409.65 -0.0006 0.00034
17-Nov-22 2,599.58 18343.9 -0.0009 -0.00357
18-Nov-22 2,589.31 18307.65 -0.0040 -0.00198
21-Nov-22 2,556.28 18159.95 -0.0128 -0.00807
22-Nov-22 2,556.94 18244.2 0.0003 0.00464
23-Nov-22 2,561.22 18267.25 0.0017 0.00126
24-Nov-22 2,564.10 18484.1 0.0011 0.01187
25-Nov-22 2,605.35 18512.75 0.0161 0.00155
28-Nov-22 2,686.06 18562.75 0.0310 0.00270
29-Nov-22 2,713.16 18618.05 0.0101 0.00298
30-Nov-22 2,727.09 18758.35 0.0051 0.00754
1-Dec-22 2,738.93 18812.5 0.0043 0.00289
2-Dec-22 2,725.02 18696.1 -0.0051 -0.00619
5-Dec-22 2,694.53 18701.05 -0.0112 0.00026
6-Dec-22 2,685.66 18642.75 -0.0033 -0.00312
7-Dec-22 2,665.31 18560.5 -0.0076 -0.00441
8-Dec-22 2,651.78 18609.35 -0.0051 0.00263
9-Dec-22 2,627.54 18496.6 -0.0091 -0.00606
12-Dec-22 2,607.23 18497.15 -0.0077 0.00003
13-Dec-22 2,622.04 18608 0.0057 0.00599
14-Dec-22 2,620.85 18660.3 -0.0005 0.00281
15-Dec-22 2,590.74 18414.9 -0.0115 -0.01315
16-Dec-22 2,583.46 18269 -0.0028 -0.00792
19-Dec-22 2,582.95 18420.45 -0.0002 0.00829
20-Dec-22 2,594.80 18385.3 0.0046 -0.00191
21-Dec-22 2,601.19 18199.1 0.0025 -0.01013
22-Dec-22 2,582.55 18127.35 -0.0072 -0.00394
23-Dec-22 2,540.02 17806.8 -0.0165 -0.01768
26-Dec-22 2,523.81 18014.6 -0.0064 0.01167
27-Dec-22 2,534.62 18132.3 0.0043 0.00653
28-Dec-22 2,537.68 18122.5 0.0012 -0.00054
29-Dec-22 2,536.86 18191 -0.0003 0.00378
30-Dec-22 2,559.73 18105.3 0.0090 -0.00471
2-Jan-23 2,564.68 18197.45 0.0019 0.00509
3-Jan-23 2,558.48 18232.55 -0.0024 0.00193
4-Jan-23 2,529.71 18042.95 -0.0112 -0.01040
5-Jan-23 2,516.50 17992.15 -0.0052 -0.00282
6-Jan-23 2,534.90 17859.45 0.0073 -0.00738
9-Jan-23 2,582.50 18101.2 0.0188 0.01354
10-Jan-23 2,568.83 17914.15 -0.0053 -0.01033
11-Jan-23 2,533.89 17895.7 -0.0136 -0.00103
12-Jan-23 2,487.49 17858.2 -0.0183 -0.00210
13-Jan-23 2,454.77 17956.6 -0.0132 0.00551
16-Jan-23 2,445.10 17894.85 -0.0039 -0.00344
17-Jan-23 2,466.88 18053.3 0.0089 0.00885
18-Jan-23 2,476.84 18165.35 0.0040 0.00621
19-Jan-23 2,472.43 18107.85 -0.0018 -0.00317
20-Jan-23 2,452.37 18027.65 -0.0081 -0.00443
23-Jan-23 2,440.34 18118.55 -0.0049 0.00504
24-Jan-23 2,414.29 18118.3 -0.0107 -0.00001
25-Jan-23 2,392.49 17891.95 -0.0090 -0.01249
27-Jan-23 2,337.64 17604.35 -0.0229 -0.01607
30-Jan-23 2,340.91 17648.95 0.0014 0.00253
31-Jan-23 2,354.47 17662.15 0.0058 0.00075
1-Feb-23 2,351.35 17616.3 -0.0013 -0.00260
2-Feb-23 2,324.91 17610.4 -0.0112 -0.00033
3-Feb-23 2,318.88 17854.05 -0.0026 0.01384
6-Feb-23 2,311.92 17764.6 -0.0030 -0.00501
7-Feb-23 2,312.27 17721.5 0.0002 -0.00243
8-Feb-23 2,344.97 17871.7 0.0141 0.00848
9-Feb-23 2,354.91 17893.45 0.0042 0.00122
10-Feb-23 2,331.77 17856.5 -0.0098 -0.00206
13-Feb-23 2,323.49 17770.9 -0.0036 -0.00479
14-Feb-23 2,365.58 17929.85 0.0181 0.00894
15-Feb-23 2,417.55 18015.85 0.0220 0.00480
16-Feb-23 2,445.33 18035.85 0.0115 0.00111
17-Feb-23 2,433.17 17944.2 -0.0050 -0.00508
20-Feb-23 2,429.58 17844.6 -0.0015 -0.00555
21-Feb-23 2,428.09 17826.7 -0.0006 -0.00100
22-Feb-23 2,395.74 17554.3 -0.0133 -0.01528
23-Feb-23 2,377.10 17511.25 -0.0078 -0.00245
24-Feb-23 2,381.54 17465.8 0.0019 -0.00260
27-Feb-23 2,366.20 17392.7 -0.0064 -0.00419
28-Feb-23 2,333.98 17303.95 -0.0136 -0.00510
1-Mar-23 2,336.64 17450.9 0.0011 0.00849
2-Mar-23 2,333.58 17321.9 -0.0013 -0.00739
3-Mar-23 2,366.67 17594.35 0.0142 0.01573
6-Mar-23 2,412.27 17711.45 0.0193 0.00666
8-Mar-23 2,407.08 17754.4 -0.0022 0.00243
9-Mar-23 2,377.08 17589.6 -0.0125 -0.00928
10-Mar-23 2,324.06 17412.9 -0.0223 -0.01005
13-Mar-23 2,307.72 17154.3 -0.0070 -0.01485
14-Mar-23 2,285.47 17043.3 -0.0096 -0.00647
15-Mar-23 2,263.32 16972.15 -0.0097 -0.00417
16-Mar-23 2,229.58 16985.6 -0.0149 0.00079
17-Mar-23 2,226.05 17100.05 -0.0016 0.00674
20-Mar-23 2,194.09 16988.4 -0.0144 -0.00653
21-Mar-23 2,256.48 17107.5 0.0284 0.00701
22-Mar-23 2,281.22 17151.9 0.0110 0.00260
23-Mar-23 2,253.68 17076.9 -0.0121 -0.00437
24-Mar-23 2,221.83 16945.05 -0.0141 -0.00772
27-Mar-23 2,237.36 16985.7 0.0070 0.00240
28-Mar-23 2,246.61 16951.7 0.0041 -0.00200
29-Mar-23 2,228.64 17080.7 -0.0080 0.00761
31-Mar-23 2,315.77 17359.75 0.0391 0.01634
3-Apr-23 2,327.86 17398.05 0.0052 0.00221
5-Apr-23 2,325.64 17557.05 -0.0010 0.00914
6-Apr-23 2,341.09 17599.15 0.0066 0.00240
10-Apr-23 2,337.29 17624.05 -0.0016 0.00141
11-Apr-23 2,333.10 17722.3 -0.0018 0.00557
12-Apr-23 2,347.57 17812.4 0.0062 0.00508
13-Apr-23 2,354.04 17828 0.0028 0.00088
17-Apr-23 2,371.58 17706.85 0.0075 -0.00680
18-Apr-23 2,341.54 17660.15 -0.0127 -0.00264
19-Apr-23 2,347.73 17618.75 0.0026 -0.00234
20-Apr-23 2,342.63 17624.45 -0.0022 0.00032
21-Apr-23 2,348.70 17624.05 0.0026 -0.00002
24-Apr-23 2,360.70 17743.4 0.0051 0.00677
25-Apr-23 2,365.75 17769.25 0.0021 0.00146
26-Apr-23 2,363.34 17813.6 -0.0010 0.00250
27-Apr-23 2,373.05 17915.05 0.0041 0.00570
28-Apr-23 2,409.46 18065 0.0153 0.00837
2-May-23 2,438.83 18147.65 0.0122 0.00458
3-May-23 2,423.03 18089.85 -0.0065 -0.00319
4-May-23 2,438.20 18255.8 0.0063 0.00917
5-May-23 2,447.86 18069 0.0040 -0.01023
 8-May-23 2,468.41 18264.4 0.0084 0.01081
9-May-23 2,476.94 18265.95 0.0035 0.00008
10-May-23 2,493.65 18315.1 0.0067 0.00269
11-May-23 2,494.02 18297 0.0001 -0.00099
12-May-23 2,473.50 18314.8 -0.0082 0.00097
15-May-23 2,492.24 18398.85 0.0076 0.00459
16-May-23 2,474.17 18286.5 -0.0073 -0.00611
17-May-23 2,444.63 18181.75 -0.0119 -0.00573
18-May-23 2,443.67 18129.95 -0.0004 -0.00285
19-May-23 2,432.71 18203.4 -0.0045 0.00405
22-May-23 2,455.77 18314.4 0.0095 0.00610
23-May-23 2,460.13 18348 0.0018 0.00183
24-May-23 2,447.77 18285.4 -0.0050 -0.00341
25-May-23 2,430.14 18321.15 -0.0072 0.00196
26-May-23 2,489.54 18499.35 0.0244 0.00973
29-May-23 2,519.76 18598.65 0.0121 0.00537
30-May-23 2,524.94 18633.85 0.0021 0.00189
31-May-23 2,477.34 18534.4 -0.0189 -0.00534
1-Jun-23 2,472.06 18487.75 -0.0021 -0.00252
2-Jun-23 2,459.32 18534.1 -0.0052 0.00251
5-Jun-23 2,470.14 18593.85 0.0044 0.00322
6-Jun-23 2,473.70 18599 0.0014 0.00028
7-Jun-23 2,487.06 18726.4 0.0054 0.00685
8-Jun-23 2,504.11 18634.55 0.0069 -0.00490
9-Jun-23 2,493.99 18563.4 -0.0040 -0.00382
12-Jun-23 2,479.76 18601.5 -0.0057 0.00205
13-Jun-23 2,509.06 18716.15 0.0118 0.00616
14-Jun-23 2,541.35 18755.9 0.0129 0.00212
15-Jun-23 2,551.63 18688.1 0.0040 -0.00361
16-Jun-23 2,574.79 18826 0.0091 0.00738
19-Jun-23 2,555.84 18755.45 -0.0074 -0.00375
20-Jun-23 2,548.60 18816.7 -0.0028 0.00327
21-Jun-23 2,561.96 18856.85 0.0052 0.00213
22-Jun-23 2,551.25 18771.25 -0.0042 -0.00454
23-Jun-23 2,521.55 18665.5 -0.0116 -0.00563
26-Jun-23 2,500.04 18691.2 -0.0085 0.00138
27-Jun-23 2,496.25 18817.4 -0.0015 0.00675
28-Jun-23 2,525.48 18972.1 0.0117 0.00822
30-Jun-23 2,543.75 19189.05 0.0072 0.01144
3-Jul-23 2,596.46 19322.55 0.0207 0.00696
4-Jul-23 2,588.64 19389 -0.0030 0.00344
5-Jul-23 2,585.90 19398.5 -0.0011 0.00049
6-Jul-23 2,628.55 19497.3 0.0165 0.00509
7-Jul-23 2,645.39 19331.8 0.0064 -0.00849
10-Jul-23 2,729.55 19355.9 0.0318 0.00125
11-Jul-23 2,755.34 19439.4 0.0094 0.00431
12-Jul-23 2,781.60 19384.3 0.0095 -0.00283
13-Jul-23 2,774.19 19413.75 -0.0027 0.00152
 14-Jul-23 2,739.02 19564.5 -0.0127 0.00777
17-Jul-23 2,780.30 19711.45 0.0151 0.00751
18-Jul-23 2,814.75 19749.25 0.0124 0.00192
19-Jul-23 2,826.91 19833.15 0.0043 0.00425
20-Jul-23 2,614.00 19979.15 -0.0753 0.00736
21-Jul-23 2,549.83 19745 -0.0245 -0.01172
24-Jul-23 2,491.60 19672.35 -0.0228 -0.00368
25-Jul-23 2,492.71 19680.6 0.0004 0.00042
26-Jul-23 2,526.43 19778.3 0.0135 0.00496
27-Jul-23 2,509.19 19659.9 -0.0068 -0.00599
28-Jul-23 2,518.80 19646.05 0.0038 -0.00070
31-Jul-23 2,540.69 19753.8 0.0087 0.00548
1-Aug-23 2,524.85 19733.55 -0.0062 -0.00103
2-Aug-23 2,485.51 19526.55 -0.0156 -0.01049
3-Aug-23 2,474.27 19381.65 -0.0045 -0.00742
4-Aug-23 2,497.26 19517 0.0093 0.00698
7-Aug-23 2,518.85 19597.3 0.0086 0.00411
8-Aug-23 2,514.67 19570.85 -0.0017 -0.00135
9-Aug-23 2,499.68 19632.55 -0.0060 0.00315
10-Aug-23 2,533.24 19543.1 0.0134 -0.00456
11-Aug-23 2,535.53 19428.3 0.0009 -0.00587
14-Aug-23 2,563.04 19434.55 0.0108 0.00032
16-Aug-23 2,568.15 19465 0.0020 0.00157
17-Aug-23 2,550.82 19365.25 -0.0067 -0.00512
18-Aug-23 2,543.13 19310.15 -0.0030 -0.00285
21-Aug-23 2,528.76 19393.6 -0.0057 0.00432
22-Aug-23 2,522.49 19396.45 -0.0025 0.00015
23-Aug-23 2,528.38 19444 0.0023 0.00245
24-Aug-23 2,505.26 19386.7 -0.0091 -0.00295
25-Aug-23 2,475.31 19265.8 -0.0120 -0.00624
28-Aug-23 2,465.38 19306.05 -0.0040 0.00209
29-Aug-23 2,425.23 19342.65 -0.0163 0.00190
30-Aug-23 2,426.59 19347.45 0.0006 0.00025
31-Aug-23 2,410.24 19253.8 -0.0067 -0.00484
1-Sep-23 2,413.40 19435.3 0.0013 0.00943
4-Sep-23 2,413.56 19528.8 0.0001 0.00481
5-Sep-23 2,423.22 19574.9 0.0040 0.00236
6-Sep-23 2,427.46 19611.05 0.0017 0.00185
7-Sep-23 2,424.86 19727.05 -0.0011 0.00592
8-Sep-23 2,435.83 19819.95 0.0045 0.00471
11-Sep-23 2,468.87 19996.35 0.0136 0.00890
12-Sep-23 2,451.73 19993.2 -0.0069 -0.00016
13-Sep-23 2,451.78 20070 0.0000 0.00384
14-Sep-23 2,454.20 20103.1 0.0010 0.00165
15-Sep-23 2,458.32 20192.35 0.0017 0.00444
18-Sep-23 2,442.35 20133.3 -0.0065 -0.00292
20-Sep-23 2,377.79 19901.4 -0.0264 -0.01152
21-Sep-23 2,370.70 19742.35 -0.0030 -0.00799
22-Sep-23 2,363.47 19674.25 -0.0030 -0.00345
25-Sep-23 2,343.52 19674.55 -0.0084 0.00002
26-Sep-23 2,342.35 19664.7 -0.0005 -0.00050
27-Sep-23 2,355.73 19716.45 0.0057 0.00263
28-Sep-23 2,352.03 19523.55 -0.0016 -0.00978
29-Sep-23 2,350.92 19638.3 -0.0005 0.00588
3-Oct-23 2,322.04 19528.75 -0.0123 -0.00558
4-Oct-23 2,304.24 19436.1 -0.0077 -0.00474
5-Oct-23 2,317.43 19545.75 0.0057 0.00564
6-Oct-23 2,318.80 19653.5 0.0006 0.00551
Beta Cov(stock,Nifty)/Variance of nifty return

covariance 3.403552E-05
Variance of nifty 3.866968E-05
Beta 0.880160407

Beta(using slope of Stock and nifty) 0.880160407

Actual Return -4.65%

Date RIL Nifty Return(RIL) Return(Nifty)
11/1/2018 1134.802 10876.75
12/1/2018 1089.801 10862.55 -0.0396558 -0.001305555
1/1/2019 1192.731 10830.95 0.09444837 -0.002909042
2/1/2019 1196.521 10792.5 0.00317802 -0.00355003
3/1/2019 1325.014 11623.9 0.10738812 0.077035014
4/1/2019 1353.735 11748.15 0.02167605 0.010689183
5/1/2019 1292.842 11922.8 -0.0449813 0.01486612
6/1/2019 1217.953 11788.85 -0.0579259 -0.011234794
7/1/2019 1133.539 11118 -0.0693079 -0.056905434
8/1/2019 1213.531 11023.25 0.07056799 -0.008522216
9/1/2019 1302.054 11474.45 0.07294681 0.040931685
10/1/2019 1431.16 11877.45 0.09915542 0.035121508
11/1/2019 1515.992 12056.05 0.05927554 0.015036865
12/1/2019 1479.733 12168.45 -0.0239177 0.009323152
1/1/2020 1379.654 11962.1 -0.0676332 -0.016957836
2/1/2020 1298.535 11201.75 -0.0587965 -0.063563223
3/1/2020 1088.506 8597.75 -0.1617431 -0.232463678
4/1/2020 1432.772 9859.9 0.3162739 0.14680008
5/1/2020 1444.775 9580.3 0.00837725 -0.028357344
6/1/2020 1681.263 10302.1 0.16368477 0.075342089
7/1/2020 2039.398 11073.45 0.21301572 0.074873144
8/1/2020 2060.524 11387.5 0.01035875 0.02836061
9/1/2020 2212.684 11247.55 0.0738455 -0.012289809
10/1/2020 2034.578 11642.4 -0.0804933 0.035105476
11/1/2020 1911.087 12968.95 -0.060696 0.113941263
12/1/2020 1966.049 13981.75 0.0287595 0.078094201
1/1/2021 1824.089 13634.6 -0.0722058 -0.024828823
2/1/2021 2065.574 14529.15 0.13238684 0.065608878
3/1/2021 1983.676 14690.7 -0.0396491 0.011119012
4/1/2021 1975.16 14631.1 -0.0042933 -0.004057028
5/1/2021 2139.352 15582.8 0.08312854 0.065046389
6/1/2021 2090.183 15721.5 -0.0229829 0.008900852
7/1/2021 2022.048 15763.05 -0.0325979 0.002642865
8/1/2021 2243.447 17132.2 0.10949243 0.086858154
9/1/2021 2502.847 17618.15 0.11562572 0.028364786
10/1/2021 2519.736 17671.65 0.00674798 0.003036641
11/1/2021 2389.738 16983.2 -0.0515919 -0.038957944
12/1/2021 2352.731 17354.05 -0.0154859 0.021836378
1/1/2022 2371.061 17339.85 0.00779088 -0.00081832
2/1/2022 2344.187 16793.9 -0.0113341 -0.031485234
3/1/2022 2617.595 17464.75 0.11663233 0.039946028
4/1/2022 2772.082 17102.55 0.05901889 -0.020738872
5/1/2022 2615.508 16584.55 -0.0564824 -0.03028788
6/1/2022 2578.749 15780.25 -0.0140543 -0.048496989
7/1/2022 2493.111 17158.25 -0.0332094 0.087324345
8/1/2022 2620.774 17759.3 0.05120644 0.035029842
9/1/2022 2369.38 17094.35 -0.0959234 -0.037442418
10/1/2022 2540.625 18012.2 0.07227422 0.053693158
11/1/2022 2721.736 18758.35 0.07128564 0.041424724
12/1/2022 2538.234 18105.3 -0.0674208 -0.034813768
1/1/2023 2345.564 17662.15 -0.0759069 -0.024476279
2/1/2023 2314.375 17303.95 -0.0132973 -0.020280723
3/1/2023 2322.845 17359.75 0.00365972 0.003224743
4/1/2023 2411.98 18065 0.03837321 0.040625585
5/1/2023 2461.206 18534.4 0.02040899 0.025983969
6/1/2023 2541.273 19189.05 0.03253177 0.035320829
7/1/2023 2540.277 19753.8 -0.0003922 0.029430846
8/1/2023 2398.527 19253.8 -0.0558007 -0.025311585
9/1/2023 2345 19638.3 -0.0223168 0.019970083
10/1/2023 2318 19653.5 -0.0115139 0.000773958
Covariance 0.002897979
Var(Nifty) 0.002829382
Beta 1.024

Beta(using slope) 1.024

Nifty
Nifty 1996 1000
Rf 7.13% 2023 19500
Ke(CAPM) 11.74% CAGR 0.116
Rm 11.63%
RIL
RIL CAGR 0.153556
Actual Return 15%
Beta 0.75
Benchmark return(Rm) 7%
MF return 10%
Rf 4%
Alpha 3.75% overperforming by 0.75% from market because of beta

Actual 10%
Market 7%
3%