Date Reliance Adj Close Tata Adj Close Reliance return Tatamotors return Deviation square Reliance

10/14/2020 2287.350098 130.699997

10/15/2020 2205.550049 127 -3.64171% -2.87175% 0.132620%
10/16/2020 2175.5 127.699997 -1.37184% 0.54967% 0.018819%
10/19/2020 2175.800049 128.25 0.01379% 0.42977% 0.000002%
10/20/2020 2155.5 129.649994 -0.93737% 1.08570% 0.008787%
10/21/2020 2123.25 130.25 -1.50748% 0.46172% 0.022725%
10/22/2020 2107.100098 133.449997 -0.76353% 2.42712% 0.005830%
10/23/2020 2112.550049 137 0.25831% 2.62541% 0.000667%
10/26/2020 2028.699951 133.649994 -4.05006% -2.47565% 0.164030%
10/27/2020 2034.199951 135.699997 0.27074% 1.52221% 0.000733%
10/28/2020 2010.699951 134.800003 -1.16197% -0.66543% 0.013502%
10/29/2020 2026.550049 131.899994 0.78520% -2.17482% 0.006165%
10/30/2020 2054.350098 132.699997 1.36247% 0.60469% 0.018563%
11/2/2020 1877.300049 132.850006 -9.01249% 0.11298% 0.812251%
11/3/2020 1849.449951 134.100006 -1.49463% 0.93651% 0.022339%
11/4/2020 1913.449951 135.850006 3.40196% 1.29655% 0.115733%
11/5/2020 1955.099976 137.649994 2.15335% 1.31628% 0.046369%
11/6/2020 2029 138.899994 3.71017% 0.90400% 0.137654%
11/9/2020 2050.300049 141 1.04431% 1.50057% 0.010906%
11/10/2020 2084.5 146 1.65429% 3.48467% 0.027367%
11/11/2020 1996.900024 150.949997 -4.29330% 3.33420% 0.184324%
11/12/2020 1979.849976 151.149994 -0.85749% 0.13240% 0.007353%
11/13/2020 1996.099976 146.350006 0.81742% -3.22716% 0.006682%
11/17/2020 1992.900024 158 -0.16044% 7.65940% 0.000257%
11/18/2020 1987.199951 173.550003 -0.28643% 9.38707% 0.000820%
11/19/2020 1972.650024 167.75 -0.73488% -3.39910% 0.005400%
11/20/2020 1899.199951 169 -3.79451% 0.74239% 0.143983%
11/23/2020 1950.800049 170.600006 2.68069% 0.94230% 0.071861%
11/24/2020 1965.099976 172 0.73036% 0.81728% 0.005334%
11/25/2020 1947.75 171.399994 -0.88683% -0.34945% 0.007865%
11/26/2020 1953.800049 173.75 0.31014% 1.36175% 0.000962%
11/27/2020 1929.849976 180.25 -1.23340% 3.67273% 0.015213%
12/1/2020 1954.300049 179.699997 1.25898% -0.30560% 0.015850%
12/2/2020 1957.599976 183.550003 0.16871% 2.11983% 0.000285%
12/3/2020 1963.449951 184.800003 0.29839% 0.67870% 0.000890%
12/4/2020 1946.550049 184.149994 -0.86445% -0.35236% 0.007473%
12/7/2020 1958.050049 183.550003 0.58905% -0.32635% 0.003470%
12/8/2020 1993.75 181.75 1.80682% -0.98550% 0.032646%
12/9/2020 2026.650024 182.699997 1.63669% 0.52133% 0.026788%
12/10/2020 2007.199951 177.600006 -0.96435% -2.83116% 0.009300%
12/11/2020 2005.599976 178.800003 -0.07974% 0.67340% 0.000064%
12/14/2020 1991.150024 177.600006 -0.72309% -0.67340% 0.005229%
12/15/2020 1974 178.800003 -0.86504% 0.67340% 0.007483%
12/16/2020 1976.050049 182.5 0.10380% 2.04823% 0.000108%
12/17/2020 1985.050049 181.649994 0.45442% -0.46684% 0.002065%
12/18/2020 1992.25 180.5 0.36205% -0.63509% 0.001311%
12/21/2020 1939.75 164.550003 -2.67056% -9.25163% 0.071319%
12/22/2020 1936.599976 165.050003 -0.16253% 0.30340% 0.000264%
12/23/2020 1943.800049 169.199997 0.37110% 2.48330% 0.001377%
12/24/2020 1993.900024 175.899994 2.54477% 3.88342% 0.064758%
12/28/2020 2003.25 186.300003 0.46783% 5.74427% 0.002189%
12/29/2020 1989.199951 183.399994 -0.70383% -1.56888% 0.004954%
12/30/2020 1995.5 184 0.31621% 0.32662% 0.001000%
12/31/2020 1984.650024 183.699997 -0.54521% -0.16318% 0.002972%
1/1/2021 1987.150024 186.449997 0.12589% 1.48591% 0.000158%
1/4/2021 1990.650024 191.199997 0.17598% 2.51569% 0.000310%
1/5/2021 1966 193.25 -1.24602% 1.06647% 0.015526%
1/6/2021 1914.150024 195.350006 -2.67273% 1.08082% 0.071435%
1/7/2021 1911 196.699997 -0.16470% 0.68869% 0.000271%
1/8/2021 1933.050049 198.100006 1.14724% 0.70923% 0.013162%
1/11/2021 1897 220.100006 -1.88254% 10.53100% 0.035440%
1/12/2021 1956.650024 237.800003 3.09601% 7.73480% 0.095853%
1/13/2021 1939.099976 242.5 -0.90099% 1.95717% 0.008118%
1950 245 0.56054% 1.02565% 0.003142%
Deviation square TM Deviation of reliance*deviation of TM Weights

0.082470% 0.000109% 0.000025%

0.003021% 0.000001% 0.000031%
0.001847% 0.000000% 0.000038%
0.011787% 0.000001% 0.000048%
0.002132% 0.000000% 0.000060%
0.058909% 0.000003% 0.000075%
0.068928% 0.000000% 0.000094%
0.061289% 0.000101% 0.000117%
0.023171% 0.000000% 0.000146%
0.004428% 0.000001% 0.000183%
0.047298% 0.000003% 0.000228%
0.003657% 0.000001% 0.000285%
0.000128% 0.000001% 0.000357%
0.008771% 0.000002% 0.000446%
0.016811% 0.000019% 0.000558%
0.017326% 0.000008% 0.000697%
0.008172% 0.000011% 0.000871%
0.022517% 0.000002% 0.001089%
0.121429% 0.000033% 0.001361%
0.111169% 0.000205% 0.001701%
0.000175% 0.000000% 0.002127%
0.104146% 0.000007% 0.002658%
0.586664% 0.000002% 0.003323%
0.881171% 0.000007% 0.004154%
0.115539% 0.000006% 0.005192%
0.005511% 0.000008% 0.006490%
0.008879% 0.000006% 0.008113%
0.006679% 0.000000% 0.010141%
0.001221% 0.000000% 0.012677%
0.018544% 0.000000% 0.015846%
0.134889% 0.000021% 0.019807%
0.000934% 0.000000% 0.024759%
0.044937% 0.000000% 0.030949%
0.004606% 0.000000% 0.038686%
0.001242% 0.000000% 0.048357%
0.001065% 0.000000% 0.060446%
0.009712% 0.000003% 0.075558%
0.002718% 0.000001% 0.094447%
0.080155% 0.000007% 0.118059%
0.004535% 0.000000% 0.147574%
0.004535% 0.000000% 0.184467%
0.004535% 0.000000% 0.230584%
0.041952% 0.000000% 0.288230%
0.002179% 0.000000% 0.360288%
0.004033% 0.000000% 0.450360%
 0.855926% 0.000610% 0.562950%
0.000921% 0.000000% 0.703687%
0.061668% 0.000001% 0.879609%
0.150809% 0.000098% 1.099512%
0.329966% 0.000007% 1.374390%
0.024614% 0.000001% 1.717987%
0.001067% 0.000000% 2.147484%
0.000266% 0.000000% 2.684355%
0.022079% 0.000000% 3.355443%
0.063287% 0.000000% 4.194304%
0.011374% 0.000002% 5.242880%
0.011682% 0.000008% 6.553600%
0.004743% 0.000000% 8.192000%
0.005030% 0.000001% 10.240000%
1.109020% 0.000393% 12.800000%
0.598271% 0.000573% 16.000000%
0.038305% 0.000003% 20.000000%
0.010520% 0.000000%

EWMA series
Lmbda 0.8
1- lambda 0.2
 Reliance TM
Variance 0.0299% 0.263%
Standard deviation 1.7282% 5.132%
Covariance 0.00015%

Correlation 0.1669%

Variance of portfolio 0.07339%

Standard deviation of portfolio 2.70910%

New updaed covariance 0.00011852%

Variance 0.02452% 0.21283%
Correlation 0.164058%