Date

1-Jan-04
2-Jan-04
5-Jan-04
6-Jan-04
7-Jan-04
8-Jan-04
9-Jan-04
12-Jan-04
13-Jan-04
14-Jan-04
15-Jan-04
16-Jan-04
19-Jan-04
20-Jan-04
21-Jan-04
22-Jan-04
23-Jan-04
27-Jan-04
28-Jan-04
29-Jan-04
30-Jan-04
3-Feb-04
4-Feb-04
5-Feb-04
6-Feb-04
9-Feb-04
10-Feb-04
11-Feb-04
12-Feb-04
13-Feb-04
16-Feb-04
17-Feb-04
18-Feb-04
19-Feb-04
20-Feb-04
23-Feb-04
24-Feb-04
25-Feb-04
26-Feb-04
27-Feb-04
1-Mar-04
3-Mar-04
4-Mar-04
5-Mar-04
8-Mar-04
9-Mar-04
10-Mar-04
11-Mar-04
12-Mar-04
15-Mar-04

NIFTY
Close
1912.25
1946.05
1955
1926.7
1916.75
1968.55
1971.9
1945.6
1963.6
1982.15
1944.45
1900.65
1935.35
1893.25
1824.6
1770.5
1847.55
1904.7
1863.1
1843.6
1809.75
1769
1822.2
1804.5
1833.65
1880.7
1880.75
1891.5
1885.3
1913.6
1913.55
1920.1
1916.45
1858.3
1852.65
1808.2
1821.35
1786.8
1765.8
1800.3
1852.7
1860.4
1843.85
1867.7
1885.25
1866.05
1844.35
1805.4
1812.2
1763.4

Returns
1.767551314
0.459905963
-1.447570332
-0.516427051
2.702491196
0.170176018
-1.333739033
0.925164474
0.94469342
-1.901975128
-2.252564993
1.825691211
-2.175317126
-3.626039879
-2.965033432
4.351878001
3.093285703
-2.184070982
-1.046642692
-1.83608158
-2.251692223
3.007348785
-0.971353309
1.61540593
2.565920432
0.002658585
0.571580487
-0.327782183
1.50108736
-0.002612876
0.342295733
-0.190094266
-3.034256046
-0.304041328
-2.399265916
0.727242562
-1.896944574
-1.175285426
1.953788651
2.910626007
0.415609651
-0.889593636
1.293489167
0.939658403
-1.018432569
-1.162884167
-2.111855125
0.376647834
-2.692859508

Date
1-Jan-04
2-Jan-04
5-Jan-04
6-Jan-04
7-Jan-04
8-Jan-04
9-Jan-04
12-Jan-04
13-Jan-04
14-Jan-04
15-Jan-04
16-Jan-04
19-Jan-04
20-Jan-04
21-Jan-04
22-Jan-04
23-Jan-04
27-Jan-04
28-Jan-04
29-Jan-04
30-Jan-04
3-Feb-04
4-Feb-04
5-Feb-04
6-Feb-04
9-Feb-04
10-Feb-04
11-Feb-04
12-Feb-04
13-Feb-04
16-Feb-04
17-Feb-04
18-Feb-04
19-Feb-04
20-Feb-04
23-Feb-04
24-Feb-04
25-Feb-04
26-Feb-04
27-Feb-04
1-Mar-04
3-Mar-04
4-Mar-04
5-Mar-04
8-Mar-04
9-Mar-04
10-Mar-04
11-Mar-04
12-Mar-04
15-Mar-04

BHEL
Close
515.8
535.6
535
538.6
548.65
578.35
577.9
564.2
589.4
594.6
564
551.95
567.45
544.35
522
509.8
564.55
586
562.75
553.8
513.55
538.75
545.6
549.7
566.7
589.35
572.95
586.9
611.85
599.15
613.9
623.1
622.45
599.8
611.6
596.5
587.7
559.9
561.95
582
599
592.3
591.5
608.75
625.35
629.05
609.75
589.15
587.9
579.65

Returns
3.838697169
-0.112023898
0.672897196
1.865948756
5.413287159
-0.077807556
-2.370652362
4.466501241
0.882253139
-5.146316852
-2.136524823
2.808225383
-4.070843246
-4.105814274
-2.337164751
10.73950569
3.799486317
-3.967576792
-1.590404265
-7.267966775
4.907019764
1.271461717
0.751466276
3.092595961
3.996823716
-2.782726733
2.434767432
4.251150111
-2.075672142
2.461820913
1.49861541
-0.104317124
-3.638846494
1.967322441
-2.468933944
-1.475272422
-4.730304577
0.36613681
3.56793309
2.920962199
-1.118530885
-0.135066689
2.916314455
2.726899384
0.591668666
-3.068118592
-3.378433784
-0.212170076
-1.403299881

Zee Telefilms
Date
1-Jan-04
2-Jan-04
5-Jan-04
6-Jan-04
7-Jan-04
8-Jan-04
9-Jan-04
12-Jan-04
13-Jan-04
14-Jan-04
15-Jan-04
16-Jan-04
19-Jan-04
20-Jan-04
21-Jan-04
22-Jan-04
23-Jan-04
27-Jan-04
28-Jan-04
29-Jan-04
30-Jan-04
3-Feb-04
4-Feb-04
5-Feb-04
6-Feb-04
9-Feb-04
10-Feb-04
11-Feb-04
12-Feb-04
13-Feb-04
16-Feb-04
17-Feb-04
18-Feb-04
19-Feb-04
20-Feb-04
23-Feb-04
24-Feb-04
25-Feb-04
26-Feb-04
27-Feb-04
1-Mar-04
3-Mar-04
4-Mar-04
5-Mar-04
8-Mar-04
9-Mar-04
10-Mar-04
11-Mar-04
12-Mar-04
15-Mar-04

16-Mar-04
17-Mar-04
18-Mar-04
19-Mar-04
22-Mar-04
23-Mar-04
24-Mar-04
25-Mar-04
26-Mar-04
29-Mar-04
30-Mar-04
31-Mar-04
1-Apr-04
2-Apr-04
5-Apr-04
6-Apr-04
7-Apr-04
8-Apr-04
12-Apr-04
13-Apr-04
15-Apr-04
16-Apr-04
17-Apr-04
19-Apr-04
20-Apr-04
21-Apr-04
22-Apr-04
23-Apr-04
27-Apr-04
28-Apr-04
29-Apr-04
30-Apr-04
3-May-04
4-May-04
5-May-04
6-May-04
7-May-04
10-May-04
11-May-04
12-May-04
13-May-04
14-May-04
17-May-04
18-May-04
19-May-04
20-May-04
21-May-04
24-May-04
25-May-04
26-May-04
27-May-04
28-May-04

1749.35
1749.85
1716.65
1725.1
1685
1696.4
1692.1
1704.45
1747.5
1762.05
1750.15
1771.9
1819.65
1841.1
1856.6
1851.15
1848.7
1853.55
1838.2
1878.45
1861.95
1868.95
1868.1
1844.05
1844.25
1873.35
1889.55
1892.45
1817.25
1816.55
1808.95
1796.1
1766.7
1793.1
1809.9
1832.8
1804.45
1769.1
1699.45
1711.1
1717.5
1582.4
1388.75
1503.95
1567.85
1543.85
1560.2
1608.85
1606.7
1598.8
1586.4
1508.75

-0.796756266
0.028582045
-1.897305483
0.492237789
-2.324502927
0.676557864
-0.253477953
0.729862301
2.525741442
0.832618026
-0.675349735
1.242750621
2.694847339
1.178798121
0.841888002
-0.293547345
-0.132350161
0.262346514
-0.828140595
2.189642041
-0.878383774
0.375949945
-0.045480082
-1.287404315
0.010845693
1.577877186
0.86476099
0.153475695
-3.973684906
-0.038519741
-0.418375492
-0.710356837
-1.636879906
1.494311428
0.936924879
1.265263274
-1.546813619
-1.959045693
-3.937030128
0.685515902
0.374028403
-7.866084425
-12.23774014
8.295229523
4.248811463
-1.530758682
1.05904071
3.118189976
-0.133635827
-0.491691044
-0.775581686
-4.894730207

16-Mar-04
17-Mar-04
18-Mar-04
19-Mar-04
22-Mar-04
23-Mar-04
24-Mar-04
25-Mar-04
26-Mar-04
29-Mar-04
30-Mar-04
31-Mar-04
1-Apr-04
2-Apr-04
5-Apr-04
6-Apr-04
7-Apr-04
8-Apr-04
12-Apr-04
13-Apr-04
15-Apr-04
16-Apr-04
17-Apr-04
19-Apr-04
20-Apr-04
21-Apr-04
22-Apr-04
23-Apr-04
27-Apr-04
28-Apr-04
29-Apr-04
30-Apr-04
3-May-04
4-May-04
5-May-04
6-May-04
7-May-04
10-May-04
11-May-04
12-May-04
13-May-04
14-May-04
17-May-04
18-May-04
19-May-04
20-May-04
21-May-04
24-May-04
25-May-04
26-May-04
27-May-04
28-May-04

573.65
565.35
559.35
565.35
531.3
536.2
541.7
547.5
564.35
592.8
592.2
604.35
637.05
624.7
655.45
638.95
628.9
635.85
650.5
648.8
640.55
644.05
640.3
612.35
610.4
622.25
630.25
622.2
600.25
589.75
583.55
585.4
576.35
586.45
587.05
579.2
584.05
595.9
570.3
574.65
560.35
501.55
396.75
440.55
502.35
463.75
453.1
465.65
458.85
484.05
481.85
462.45

-1.035107392
-1.446875272
-1.061289467
1.072673639
-6.022817724
0.92226614
1.025736665
1.070703341
3.077625571
5.041197838
-0.101214575
2.051671733
5.410771904
-1.938623342
4.922362734
-2.517354489
-1.572893028
1.10510415
2.304002516
-0.261337433
-1.271578298
0.546405433
-0.582252931
-4.36514134
-0.318445334
1.941349934
1.28565689
-1.277270924
-3.527804564
-1.749271137
-1.051292921
0.317025105
-1.545951486
1.752407391
0.102310512
-1.337194447
0.837361878
2.028935879
-4.296022823
0.762756444
-2.488471243
-10.4934416
-20.8952248
11.03969754
14.02791965
-7.683885737
-2.296495957
2.769807989
-1.460324278
5.491990847
-0.454498502
-4.026149217

16-Mar-04
17-Mar-04
18-Mar-04
19-Mar-04
22-Mar-04
23-Mar-04
24-Mar-04
25-Mar-04
26-Mar-04
29-Mar-04
30-Mar-04
31-Mar-04
1-Apr-04
2-Apr-04
5-Apr-04
6-Apr-04
7-Apr-04
8-Apr-04
12-Apr-04
13-Apr-04
15-Apr-04
16-Apr-04
17-Apr-04
19-Apr-04
20-Apr-04
21-Apr-04
22-Apr-04
23-Apr-04
27-Apr-04
28-Apr-04
29-Apr-04
30-Apr-04
3-May-04
4-May-04
5-May-04
6-May-04
7-May-04
10-May-04
11-May-04
12-May-04
13-May-04
14-May-04
17-May-04
18-May-04
19-May-04
20-May-04
21-May-04
24-May-04
25-May-04
26-May-04
27-May-04
28-May-04

31-May-04
1-Jun-04
2-Jun-04
3-Jun-04
4-Jun-04
7-Jun-04
8-Jun-04
9-Jun-04
10-Jun-04
11-Jun-04
14-Jun-04
15-Jun-04
16-Jun-04
17-Jun-04
18-Jun-04
21-Jun-04
22-Jun-04
23-Jun-04
24-Jun-04
25-Jun-04
28-Jun-04
29-Jun-04

1483.6
1507.9
1535.2
1495.1
1521.1
1542.55
1550.55
1548.3
1544.75
1508.45
1481.35
1501
1494.75
1512.05
1491.2
1482
1474.7
1446.1
1470.75
1488.5
1514.35
1518.3

-1.666942833
1.637907792
1.810464885
-2.61203752
1.739014113
1.410163697
0.518621763
-0.1451098
-0.229283731
-2.349894805
-1.796546124
1.326492726
-0.416389074
1.157384178
-1.378922655
-0.61695279
-0.492577598
-1.939377501
1.704584745
1.206867245
1.736647632
0.260837983

Average Return
Variance
Standard Deviation

-0.16091704
5.227536479
2.28638065

Correlation (BHEL & Zee)

0.250290036

31-May-04
1-Jun-04
2-Jun-04
3-Jun-04
4-Jun-04
7-Jun-04
8-Jun-04
9-Jun-04
10-Jun-04
11-Jun-04
14-Jun-04
15-Jun-04
16-Jun-04
17-Jun-04
18-Jun-04
21-Jun-04
22-Jun-04
23-Jun-04
24-Jun-04
25-Jun-04
28-Jun-04
29-Jun-04

Portfolio rate of return

Portfolio risk
Combined SD

-6.043896637
-2.151898734
4.527813713
0.753825383
4.701284199
-1.781143345
0.846997502
1.744373856
-2.603450101
-1.010540041
-1.306256861
2.413524636
2.269765421
1.890198577
1.761334028
1.372388365
0.687007476
-2.839654826
2.984612207
-0.772162054
1.495704901
0.33854426
0.061324023
15.77130467
3.971310196

Portfolio (Zee & BHEL)

weights
w1
w2

434.5
425.15
444.4
447.75
468.8
460.45
464.35
472.45
460.15
455.5
449.55
460.4
470.85
479.75
488.2
494.9
498.3
484.15
498.6
494.75
502.15
503.85

0.5
0.5
-0.008584
3.105012515
0.062722156

CALCULATION OF BETA
Variance (Nifty)
Covariance (BHEL-Nifty)
Covariance (Zee-Nifty)

5.227536479
7.117740558
3.579296492

BETA (BHEL)
BETA (Zee)

1.361586014
0.684700433

31-May-04
1-Jun-04
2-Jun-04
3-Jun-04
4-Jun-04
7-Jun-04
8-Jun-04
9-Jun-04
10-Jun-04
11-Jun-04
14-Jun-04
15-Jun-04
16-Jun-04
17-Jun-04
18-Jun-04
21-Jun-04
22-Jun-04
23-Jun-04
24-Jun-04
25-Jun-04
28-Jun-04
29-Jun-04

Close
151.45
158.9
155
157.55
157.05
168.3
164.9
162.2
158.75
157.5
160.55
155.65
163.9
158.4
151.5
142.7
155.25
159.1
160.3
156
151.55
134.65
155.65
147
144.7
151.5
147.75
151.25
151.55
153.8
156.8
154.65
152
145.2
141
129.65
126
127.55
124.05
133.4
133.25
136.9
130.45
125.5
128.55
123.2
123.05
121.1
117.6
116.7

Returns
4.91911522
-2.45437382
1.64516129
-0.317359568
7.163323782
-2.02020202
-1.637355973
-2.127003699
-0.787401575
1.936507937
-3.05200872
5.300353357
-3.355704698
-4.356060606
-5.808580858
8.794674142
2.479871176
0.754242615
-2.682470368
-2.852564103
-11.15143517
15.5959896
-5.557340186
-1.56462585
4.699378023
-2.475247525
2.368866328
0.198347107
1.484658529
1.950585176
-1.371173469
-1.713546718
-4.473684211
-2.892561983
-8.04964539
-2.815271886
1.23015873
-2.744021952
7.537283353
-0.112443778
2.739212008
-4.711468225
-3.794557302
2.430278884
-4.161804745
-0.121753247
-1.584721658
-2.89017341
-0.765306122

115.65
120.45
115.3
116.15
113.9
118.95
120.5
120.25
125.65
129.35
134.25
133.95
139.85
138.6
140.15
135.9
140.7
139.15
141.3
144.45
131.75
141.7
141.15
138.3
146.1
144.9
147.35
149.8
143.9
143.6
135.95
127.45
133.05
135.7
130.8
131.85
132.85
128.7
126.95
127.95
123.85
113.4
120.9
123.95
125.55
122.35
118.25
125.6
124.4
127.05
127.05
128.3

-0.899742931
4.150453956
-4.275633043
0.737207285
-1.937150237
4.433713784
1.303068516
-0.20746888
4.490644491
2.944687624
3.788171627
-0.223463687
4.404628593
-0.893814802
1.118326118
-3.032465216
3.53200883
-1.101634684
1.545095221
2.229299363
-8.79196954
7.552182163
-0.388143966
-2.019128587
5.639913232
-0.821355236
1.690821256
1.662707838
-3.93858478
-0.20847811
-5.32729805
-6.252298639
4.393879953
1.991732431
-3.610906411
0.802752294
0.758437619
-3.123823861
-1.35975136
0.787711698
-3.20437671
-8.437626161
6.613756614
2.522746071
1.290843082
-2.548785344
-3.351042092
6.21564482
-0.955414013
2.13022508
0
0.98386462

128
132.55
132.3
130.2
133.9
135.85
141.05
133.9
129.7
125.4
125.85
128.35
126.45
135.25
132.3
127.85
123.15
120.1
120.1
120.9
123.9
125.5

-0.233826968
3.5546875
-0.188608072
-1.587301587
2.841781874
1.45631068
3.827751196
-5.069124424
-3.136669156
-3.315343099
0.358851675
1.986491855
-1.48032723
6.95927244
-2.181146026
-3.363567649
-3.676183027
-2.476654486
0
0.666111574
2.481389578
1.291364003
-0.078491326
15.07464234
3.882607673

NIFTY
BHEL
Zee Telefilms
Date
Close
Returns
Date
Close
Returns
Date
37987
1912.25
37987
515.8
37987
37988
1946.05 1.767551
37988
535.6 3.838697
37988
37991
1955 0.459906
37991
535 -0.11202
37991
37992
1926.7 -1.44757
37992
538.6 0.672897
37992
37993
1916.75 -0.51643
37993
548.65 1.865949
37993
37994
1968.55 2.702491
37994
578.35 5.413287
37994
37995
1971.9 0.170176
37995
577.9 -0.07781
37995
37998
1945.6 -1.33374
37998
564.2 -2.37065
37998
37999
1963.6 0.925164
37999
589.4 4.466501
37999
38000
1982.15 0.944693
38000
594.6 0.882253
38000
38001
1944.45 -1.90198
38001
564 -5.14632
38001
38002
1900.65 -2.25256
38002
551.95 -2.13652
38002
38005
1935.35 1.825691
38005
567.45 2.808225
38005
38006
1893.25 -2.17532
38006
544.35 -4.07084
38006
38007
1824.6 -3.62604
38007
522 -4.10581
38007
38008
1770.5 -2.96503
38008
509.8 -2.33716
38008
38009
1847.55 4.351878
38009
564.55 10.73951
38009
38013
1904.7 3.093286
38013
586 3.799486
38013
38014
1863.1 -2.18407
38014
562.75 -3.96758
38014
38015
1843.6 -1.04664
38015
553.8
-1.5904
38015
38016
1809.75 -1.83608
38016
513.55 -7.26797
38016
38020
1769 -2.25169
38020
538.75 4.90702
38020
38021
1822.2 3.007349
38021
545.6 1.271462
38021
38022
1804.5 -0.97135
38022
549.7 0.751466
38022
38023
1833.65 1.615406
38023
566.7 3.092596
38023
38026
1880.7 2.56592
38026
589.35 3.996824
38026
38027
1880.75 0.002659
38027
572.95 -2.78273
38027
38028
1891.5 0.57158
38028
586.9 2.434767
38028
38029
1885.3 -0.32778
38029
611.85 4.25115
38029
38030
1913.6 1.501087
38030
599.15 -2.07567
38030
38033
1913.55 -0.00261
38033
613.9 2.461821
38033
38034
1920.1 0.342296
38034
623.1 1.498615
38034
38035
1916.45 -0.19009
38035
622.45 -0.10432
38035
38036
1858.3 -3.03426
38036
599.8 -3.63885
38036
38037
1852.65 -0.30404
38037
611.6 1.967322
38037
38040
1808.2 -2.39927
38040
596.5 -2.46893
38040
38041
1821.35 0.727243
38041
587.7 -1.47527
38041
38042
1786.8 -1.89694
38042
559.9
-4.7303
38042
38043
1765.8 -1.17529
38043
561.95 0.366137
38043
38044
1800.3 1.953789
38044
582 3.567933
38044
38047
1852.7 2.910626
38047
599 2.920962
38047
38049
1860.4 0.41561
38049
592.3 -1.11853
38049
38050
1843.85 -0.88959
38050
591.5 -0.13507
38050
38051
1867.7 1.293489
38051
608.75 2.916314
38051
38054
1885.25 0.939658
38054
625.35 2.726899
38054
38055
1866.05 -1.01843
38055
629.05 0.591669
38055
38056
1844.35 -1.16288
38056
609.75 -3.06812
38056
38057
1805.4 -2.11186
38057
589.15 -3.37843
38057
38058
1812.2 0.376648
38058
587.9 -0.21217
38058
38061
1763.4 -2.69286
38061
579.65
-1.4033
38061

Close
151.45
158.9
155
157.55
157.05
168.3
164.9
162.2
158.75
157.5
160.55
155.65
163.9
158.4
151.5
142.7
155.25
159.1
160.3
156
151.55
134.65
155.65
147
144.7
151.5
147.75
151.25
151.55
153.8
156.8
154.65
152
145.2
141
129.65
126
127.55
124.05
133.4
133.25
136.9
130.45
125.5
128.55
123.2
123.05
121.1
117.6
116.7

Returns
4.919115
-2.45437
1.645161
-0.31736
7.163324
-2.0202
-1.63736
-2.127
-0.7874
1.936508
-3.05201
5.300353
-3.3557
-4.35606
-5.80858
8.794674
2.479871
0.754243
-2.68247
-2.85256
-11.1514
15.59599
-5.55734
-1.56463
4.699378
-2.47525
2.368866
0.198347
1.484659
1.950585
-1.37117
-1.71355
-4.47368
-2.89256
-8.04965
-2.81527
1.230159
-2.74402
7.537283
-0.11244
2.739212
-4.71147
-3.79456
2.430279
-4.1618
-0.12175
-1.58472
-2.89017
-0.76531

38062
38063
38064
38065
38068
38069
38070
38071
38072
38075
38076
38077
38078
38079
38082
38083
38084
38085
38089
38090
38092
38093
38094
38096
38097
38098
38099
38100
38104
38105
38106
38107
38110
38111
38112
38113
38114
38117
38118
38119
38120
38121
38124
38125
38126
38127
38128
38131
38132
38133
38134
38135

1749.35
1749.85
1716.65
1725.1
1685
1696.4
1692.1
1704.45
1747.5
1762.05
1750.15
1771.9
1819.65
1841.1
1856.6
1851.15
1848.7
1853.55
1838.2
1878.45
1861.95
1868.95
1868.1
1844.05
1844.25
1873.35
1889.55
1892.45
1817.25
1816.55
1808.95
1796.1
1766.7
1793.1
1809.9
1832.8
1804.45
1769.1
1699.45
1711.1
1717.5
1582.4
1388.75
1503.95
1567.85
1543.85
1560.2
1608.85
1606.7
1598.8
1586.4
1508.75

-0.79676
0.028582
-1.89731
0.492238
-2.3245
0.676558
-0.25348
0.729862
2.525741
0.832618
-0.67535
1.242751
2.694847
1.178798
0.841888
-0.29355
-0.13235
0.262347
-0.82814
2.189642
-0.87838
0.37595
-0.04548
-1.2874
0.010846
1.577877
0.864761
0.153476
-3.97368
-0.03852
-0.41838
-0.71036
-1.63688
1.494311
0.936925
1.265263
-1.54681
-1.95905
-3.93703
0.685516
0.374028
-7.86608
-12.2377
8.29523
4.248811
-1.53076
1.059041
3.11819
-0.13364
-0.49169
-0.77558
-4.89473

38062
38063
38064
38065
38068
38069
38070
38071
38072
38075
38076
38077
38078
38079
38082
38083
38084
38085
38089
38090
38092
38093
38094
38096
38097
38098
38099
38100
38104
38105
38106
38107
38110
38111
38112
38113
38114
38117
38118
38119
38120
38121
38124
38125
38126
38127
38128
38131
38132
38133
38134
38135

573.65
565.35
559.35
565.35
531.3
536.2
541.7
547.5
564.35
592.8
592.2
604.35
637.05
624.7
655.45
638.95
628.9
635.85
650.5
648.8
640.55
644.05
640.3
612.35
610.4
622.25
630.25
622.2
600.25
589.75
583.55
585.4
576.35
586.45
587.05
579.2
584.05
595.9
570.3
574.65
560.35
501.55
396.75
440.55
502.35
463.75
453.1
465.65
458.85
484.05
481.85
462.45

-1.03511
-1.44688
-1.06129
1.072674
-6.02282
0.922266
1.025737
1.070703
3.077626
5.041198
-0.10121
2.051672
5.410772
-1.93862
4.922363
-2.51735
-1.57289
1.105104
2.304003
-0.26134
-1.27158
0.546405
-0.58225
-4.36514
-0.31845
1.94135
1.285657
-1.27727
-3.5278
-1.74927
-1.05129
0.317025
-1.54595
1.752407
0.102311
-1.33719
0.837362
2.028936
-4.29602
0.762756
-2.48847
-10.4934
-20.8952
11.0397
14.02792
-7.68389
-2.2965
2.769808
-1.46032
5.491991
-0.4545
-4.02615

38062
38063
38064
38065
38068
38069
38070
38071
38072
38075
38076
38077
38078
38079
38082
38083
38084
38085
38089
38090
38092
38093
38094
38096
38097
38098
38099
38100
38104
38105
38106
38107
38110
38111
38112
38113
38114
38117
38118
38119
38120
38121
38124
38125
38126
38127
38128
38131
38132
38133
38134
38135

115.65
120.45
115.3
116.15
113.9
118.95
120.5
120.25
125.65
129.35
134.25
133.95
139.85
138.6
140.15
135.9
140.7
139.15
141.3
144.45
131.75
141.7
141.15
138.3
146.1
144.9
147.35
149.8
143.9
143.6
135.95
127.45
133.05
135.7
130.8
131.85
132.85
128.7
126.95
127.95
123.85
113.4
120.9
123.95
125.55
122.35
118.25
125.6
124.4
127.05
127.05
128.3

-0.89974
4.150454
-4.27563
0.737207
-1.93715
4.433714
1.303069
-0.20747
4.490644
2.944688
3.788172
-0.22346
4.404629
-0.89381
1.118326
-3.03247
3.532009
-1.10163
1.545095
2.229299
-8.79197
7.552182
-0.38814
-2.01913
5.639913
-0.82136
1.690821
1.662708
-3.93858
-0.20848
-5.3273
-6.2523
4.39388
1.991732
-3.61091
0.802752
0.758438
-3.12382
-1.35975
0.787712
-3.20438
-8.43763
6.613757
2.522746
1.290843
-2.54879
-3.35104
6.215645
-0.95541
2.130225
0
0.983865

38138
38139
38140
38141
38142
38145
38146
38147
38148
38149
38152
38153
38154
38155
38156
38159
38160
38161
38162
38163
38166
38167

1483.6
1507.9
1535.2
1495.1
1521.1
1542.55
1550.55
1548.3
1544.75
1508.45
1481.35
1501
1494.75
1512.05
1491.2
1482
1474.7
1446.1
1470.75
1488.5
1514.35
1518.3

Average Return
Variance
Standard Deviation
Correlation (BHEL & Zee)

-1.66694
1.637908
1.810465
-2.61204
1.739014
1.410164
0.518622
-0.14511
-0.22928
-2.34989
-1.79655
1.326493
-0.41639
1.157384
-1.37892
-0.61695
-0.49258
-1.93938
1.704585
1.206867
1.736648
0.260838

38138
38139
38140
38141
38142
38145
38146
38147
38148
38149
38152
38153
38154
38155
38156
38159
38160
38161
38162
38163
38166
38167

-0.16092
5.227536
2.286381
0.25029

0.5
0.5

Portfolio rate of return

Portfolio risk
Combined SD

-6.0439
-2.1519
4.527814
0.753825
4.701284
-1.78114
0.846998
1.744374
-2.60345
-1.01054
-1.30626
2.413525
2.269765
1.890199
1.761334
1.372388
0.687007
-2.83965
2.984612
-0.77216
1.495705
0.338544
0.061324
15.7713
3.97131

Portfolio (Zee & BHEL)

weights
w1
w2

434.5
425.15
444.4
447.75
468.8
460.45
464.35
472.45
460.15
455.5
449.55
460.4
470.85
479.75
488.2
494.9
498.3
484.15
498.6
494.75
502.15
503.85

-0.00858
3.105013
0.062722

CALCULATION OF BETA
Variance (Nifty)
Covariance (BHEL-Nifty)
Covariance (Zee-Nifty)

5.227536
7.117741
3.579296

BETA (BHEL)
BETA (Zee)

1.361586
0.6847

38138
38139
38140
38141
38142
38145
38146
38147
38148
38149
38152
38153
38154
38155
38156
38159
38160
38161
38162
38163
38166
38167

128
132.55
132.3
130.2
133.9
135.85
141.05
133.9
129.7
125.4
125.85
128.35
126.45
135.25
132.3
127.85
123.15
120.1
120.1
120.9
123.9
125.5

-0.23383
3.554688
-0.18861
-1.5873
2.841782
1.456311
3.827751
-5.06912
-3.13667
-3.31534
0.358852
1.986492
-1.48033
6.959272
-2.18115
-3.36357
-3.67618
-2.47665
0
0.666112
2.48139
1.291364
-0.07849
15.07464
3.882608