Ultra Tech

Date Cement Nifty 50 index

Dec-21 4046.05 16,614.20 Rf
Nov-21 4259.1 16,983.20 Rm
Oct-21 4143.2 17,671.65
Sep-21 4341.25 17,618.15
Aug-21 4052.25 17,132.20
Jul-21 4346.9 15,763.05 var 82455.1127837302
Jun-21 4555.85 15,721.50 covar 255468.08431746
May-21 4760.1 15,582.80
Apr-21 4616.8 14,631.10 beta 3.09826856931871
Mar-21 3998.35 14,690.70
Feb-21 3826.5 14,529.15 0.31335282839209
Jan-21 3519.35 13,634.60
Dec-20 3990.95 13,981.75
Nov-20 3999.65 12,968.95
Oct-20 3499.4 11,642.40
Sep-20 4059.95 11,247.55
Aug-20 4475.5 11,387.50
Jul-20 4193.8 11,073.45
Jun-20 3818.6 10,302.10
May-20 3744.9 9,580.30
Apr-20 4108.85 9,859.90
Mar-20 3950 8,597.75
Feb-20 4155.6 11,201.75
Jan-20 4382 11,962.10
Dec-19 4320.6 12,168.45
Nov-19 4203.8 12,056.05
Oct-19 4401.05 11,877.45
Sep-19 3854.2 11,474.45
Aug-19 4000.4 11,023.25
Jul-19 4056.9 11,118.00
Jun-19 3959.1 11,788.85
May-19 4195.2 11,922.80
Apr-19 4248.95 11,748.15
Mar-19 3984.75 11,623.90
Feb-19 3774.55 10,792.50
Jan-19 3694.45 10,830.95
 5.0%
13.5%
Date Jindal steel Nifty 50 index
Dec-21 167.7 16,614.20 Rf
Nov-21 161 16,983.20 Rm
Oct-21 116.25 17,671.65
Sep-21 103.55 17,618.15
Aug-21 96.6 17,132.20
Jul-21 135.1 15,763.05 var 2180.09668253968
Jun-21 142.05 15,721.50 covar -50022.2163730159
May-21 160.05 15,582.80
Apr-21 178.1 14,631.10 beta -22.9449532094801
Mar-21 179.7 14,690.70
Feb-21 156.85 14,529.15 -1.90032102280581
Jan-21 135.1 13,634.60
Dec-20 164.9 13,981.75
Nov-20 154.05 12,968.95
Oct-20 171.35 11,642.40
Sep-20 196.35 11,247.55
Aug-20 220.75 11,387.50
Jul-20 205.45 11,073.45
Jun-20 223.05 10,302.10
May-20 229.55 9,580.30
Apr-20 252.1 9,859.90
Mar-20 219.1 8,597.75
Feb-20 254.4 11,201.75
Jan-20 266.45 11,962.10
Dec-19 205.05 12,168.45
Nov-19 171.95 12,056.05
Oct-19 163.1 11,877.45
Sep-19 134.65 11,474.45
Aug-19 137.1 11,023.25
Jul-19 153.4 11,118.00
Jun-19 123.2 11,788.85
May-19 121.75 11,922.80
Apr-19 114 11,748.15
Mar-19 121 11,623.90
Feb-19 125.45 10,792.50
Jan-19 80 10,830.95
 5.0%
13.5%
 Stock Price Return Calculation

Ultra
Ultra Tech Jindal Tata Sun Tech Jindal Tata
Date Cement Steel Motors Pharma Cement Steel Motors
12/1/2019 4046.05 167.7 185.15 428.63318
4259.1 161
11/1/2019 161.5 445.77658 -0.050022 0.041615 0.14644
10/1/2019 4143.2 116.25 177.7 429.47553 0.027974 0.384946 -0.091165
9/1/2019 4341.25 103.55 117.45 385.92349 -0.045621 0.122646 0.512984
8/1/2019 4052.25 96.6 116.7 443.44037 0.071318 0.071946 0.006427
7/1/2019 4346.9 135.1 135.6 420.15585 -0.067784 -0.284974 -0.139381
6/1/2019 4555.85 142.05 162.55 394.75452 -0.045864 -0.048926 -0.165795
5/1/2019 4760.1 160.05 172.6 403.517 -0.042909 -0.112465 -0.058227
4/1/2019 4616.8 178.1 214.3 450.57837 0.031039 -0.101348 -0.194587
3/1/2019 3998.35 179.7 174.25 471.45078 0.154676 -0.008904 0.229842
2/1/2019 3826.5 156.85 177.45 438.27152 0.04491 0.145681 -0.018033
1/1/2019 3519.35 135.1 181.2 416.9068 0.087275 0.160992 -0.020695
12/1/2018 3990.95 164.9 172.7 423.84787 -0.118167 -0.180716 0.049218
11/1/2018 3999.65 154.05 171.95 484.98834 -0.002175 0.070432 0.004362
10/1/2018 3499.4 171.35 179.1 571.28394 0.142953 -0.100963 -0.039922
9/1/2018 4059.95 196.35 223.7 611.77472 -0.138068 -0.127324 -0.199374
8/1/2018 4475.5 220.75 267.5 640.82971 -0.09285 -0.110532 -0.163738
7/1/2018 4193.8 205.45 264.1 558.03278 0.067171 0.074471 0.012874
6/1/2018 3818.6 223.05 269.3 553.61566 0.098256 -0.078906 -0.019309
5/1/2018 3744.9 229.55 282.5 471.5058 0.01968 -0.028316 -0.046726
4/1/2018 4108.85 252.1 340.4 518.67114 -0.088577 -0.089449 -0.170094
3/1/2018 3950 219.1 326.85 485.98422 0.040215 0.150616 0.041456
2/1/2018 4155.6 254.4 369.9 525.4931 -0.049475 -0.138758 -0.116383
1/1/2018 4382 266.45 399.5 569.2229 -0.051666 -0.045224 -0.074093
12/1/2017 4320.6 205.05 431.85 560.63403 0.014211 0.299439 -0.07491
11/1/2017 4203.8 171.95 404.15 530.00842 0.027784 0.192498 0.068539
10/1/2017 4401.05 163.1 428.4 542.71997 -0.044819 0.054261 -0.056606
9/1/2017 3854.2 134.65 401.5 490.68655 0.141884 0.211289 0.066999
8/1/2017 4000.4 137.1 376.55 469.13821 -0.036546 -0.01787 0.066259
7/1/2017 4056.9 153.4 444.6 518.37763 -0.013927 -0.106258 -0.153059
6/1/2017 3959.1 123.2 432.55 541.82721 0.024703 0.24513 0.027858
5/1/2017 4195.2 121.75 476.15 489.07773 -0.056279 0.01191 -0.091568
4/1/2017 4248.95 114 458.9 625.92395 -0.01265 0.067982 0.03759
3/1/2017 3984.75 121 465.85 670.97064 0.066303 -0.057851 -0.014919
2/1/2017 3774.55 125.45 456.75 662.04901 0.055689 -0.035472 0.019923
1/1/2017 3694.45 80 523.55 615.73486 0.021681 0.568125 -0.12759

Average 0.005152 0.034278 -0.021297

alculation r-r bar calculation N 35

Ultra Var - CoV Ultra

Sun Tech Jindal Tata Sun matrix Tech Jindal
Pharma Cement Steel Motors Pharma Calculation Cement Steel

Ultra Tech
-0.038457 -0.055174 0.007337 0.167737 -0.032254 Cement 0.005305 0.004391
0.037956 0.022821 0.350668 -0.069868 0.044159 Jindal Steel 0.004391 0.029462
0.112851 -0.050773 0.088368 0.534281 0.119055 Tata Motors 0.002598 0.004783
-0.129706 0.066166 0.037668 0.027724 -0.123503 Sun Pharma 0.000571 0.004918
0.055419 -0.072936 -0.319252 -0.118083 0.061622
0.064347 -0.051016 -0.083204 -0.144498 0.07055
-0.021715 -0.048061 -0.146743 -0.03693 -0.015512
-0.104447 0.025887 -0.135625 -0.17329 -0.098243
-0.044273 0.149524 -0.043181 0.251139 -0.038069
0.075705 0.039758 0.111403 0.003264 0.081908
0.051246 0.082123 0.126714 0.000602 0.057449
-0.016376 -0.123319 -0.214993 0.070516 -0.010173
-0.126066 -0.007327 0.036154 0.025659 -0.119863
-0.151056 0.137801 -0.135241 -0.018625 -0.144852
-0.066186 -0.14322 -0.161601 -0.178077 -0.059982
-0.04534 -0.098002 -0.14481 -0.142441 -0.039136
0.148373 0.062019 0.040193 0.034171 0.154576
0.007979 0.093104 -0.113184 0.001988 0.014182
0.174144 0.014528 -0.062594 -0.025428 0.180347
-0.090935 -0.093729 -0.123726 -0.148797 -0.084732
0.067259 0.035063 0.116338 0.062754 0.073463
-0.075184 -0.054627 -0.173036 -0.095086 -0.068981
-0.076824 -0.056818 -0.079502 -0.052795 -0.07062
0.01532 0.009059 0.265161 -0.053613 0.021523
0.057783 0.022632 0.15822 0.089836 0.063987
-0.023422 -0.049971 0.019983 -0.035309 -0.017219
0.106042 0.136732 0.177011 0.088296 0.112245
0.045932 -0.041698 -0.052148 0.087557 0.052135
-0.094988 -0.019079 -0.140536 -0.131762 -0.088784
-0.043279 0.019551 0.210852 0.049155 -0.037075
0.107855 -0.061431 -0.022368 -0.070271 0.114058
-0.218631 -0.017802 0.033705 0.058887 -0.212427
-0.067137 0.061151 -0.092129 0.006378 -0.060933
0.013476 0.050537 -0.06975 0.041221 0.019679
0.075218 0.016529 0.533847 -0.106293 0.081421

-0.006203
 Weights

Tata Sun Ultra Tech Jindal Sun

Motors Pharma Cement Steel Tata Motors Pharma
0.25 0.25 0.25 0.25 1

0.002598 0.000571
0.004783 0.004918 Returns Std Dev Sharpes Ratio
0.018092 0.002551 0.0029823249 0.006296 0.47371739866
0.002551 0.008246
rf 0.0%
 Stock Price Return Calculation

Ultra
Ultra Tech Jindal Tata Sun Tech Jindal Tata
Date Cement Steel Motors Pharma Cement Steel Motors
12/1/2019 4046.05 167.7 185.15 428.63318
4259.1 161
11/1/2019 161.5 445.77658 -0.050022 0.041615 0.14644
10/1/2019 4143.2 116.25 177.7 429.47553 0.027974 0.384946 -0.091165
9/1/2019 4341.25 103.55 117.45 385.92349 -0.045621 0.122646 0.512984
8/1/2019 4052.25 96.6 116.7 443.44037 0.071318 0.071946 0.006427
7/1/2019 4346.9 135.1 135.6 420.15585 -0.067784 -0.284974 -0.139381
6/1/2019 4555.85 142.05 162.55 394.75452 -0.045864 -0.048926 -0.165795
5/1/2019 4760.1 160.05 172.6 403.517 -0.042909 -0.112465 -0.058227
4/1/2019 4616.8 178.1 214.3 450.57837 0.031039 -0.101348 -0.194587
3/1/2019 3998.35 179.7 174.25 471.45078 0.154676 -0.008904 0.229842
2/1/2019 3826.5 156.85 177.45 438.27152 0.04491 0.145681 -0.018033
1/1/2019 3519.35 135.1 181.2 416.9068 0.087275 0.160992 -0.020695
12/1/2018 3990.95 164.9 172.7 423.84787 -0.118167 -0.180716 0.049218
11/1/2018 3999.65 154.05 171.95 484.98834 -0.002175 0.070432 0.004362
10/1/2018 3499.4 171.35 179.1 571.28394 0.142953 -0.100963 -0.039922
9/1/2018 4059.95 196.35 223.7 611.77472 -0.138068 -0.127324 -0.199374
8/1/2018 4475.5 220.75 267.5 640.82971 -0.09285 -0.110532 -0.163738
7/1/2018 4193.8 205.45 264.1 558.03278 0.067171 0.074471 0.012874
6/1/2018 3818.6 223.05 269.3 553.61566 0.098256 -0.078906 -0.019309
5/1/2018 3744.9 229.55 282.5 471.5058 0.01968 -0.028316 -0.046726
4/1/2018 4108.85 252.1 340.4 518.67114 -0.088577 -0.089449 -0.170094
3/1/2018 3950 219.1 326.85 485.98422 0.040215 0.150616 0.041456
2/1/2018 4155.6 254.4 369.9 525.4931 -0.049475 -0.138758 -0.116383
1/1/2018 4382 266.45 399.5 569.2229 -0.051666 -0.045224 -0.074093
12/1/2017 4320.6 205.05 431.85 560.63403 0.014211 0.299439 -0.07491
11/1/2017 4203.8 171.95 404.15 530.00842 0.027784 0.192498 0.068539
10/1/2017 4401.05 163.1 428.4 542.71997 -0.044819 0.054261 -0.056606
9/1/2017 3854.2 134.65 401.5 490.68655 0.141884 0.211289 0.066999
8/1/2017 4000.4 137.1 376.55 469.13821 -0.036546 -0.01787 0.066259
7/1/2017 4056.9 153.4 444.6 518.37763 -0.013927 -0.106258 -0.153059
6/1/2017 3959.1 123.2 432.55 541.82721 0.024703 0.24513 0.027858
5/1/2017 4195.2 121.75 476.15 489.07773 -0.056279 0.01191 -0.091568
4/1/2017 4248.95 114 458.9 625.92395 -0.01265 0.067982 0.03759
3/1/2017 3984.75 121 465.85 670.97064 0.066303 -0.057851 -0.014919
2/1/2017 3774.55 125.45 456.75 662.04901 0.055689 -0.035472 0.019923
1/1/2017 3694.45 80 523.55 615.73486 0.021681 0.568125 -0.12759

Average 0.005152 0.034278 -0.021297

alculation r-r bar calculation N 35

Ultra Var - CoV Ultra

Sun Tech Jindal Tata Sun matrix Tech Jindal
Pharma Cement Steel Motors Pharma Calculation Cement Steel

Ultra Tech
-0.038457 -0.055174 0.007337 0.167737 -0.032254 Cement 0.005305 0.004391
0.037956 0.022821 0.350668 -0.069868 0.044159 Jindal Steel 0.004391 0.029462
0.112851 -0.050773 0.088368 0.534281 0.119055 Tata Motors 0.002598 0.004783
-0.129706 0.066166 0.037668 0.027724 -0.123503 Sun Pharma 0.000571 0.004918
0.055419 -0.072936 -0.319252 -0.118083 0.061622
0.064347 -0.051016 -0.083204 -0.144498 0.07055
-0.021715 -0.048061 -0.146743 -0.03693 -0.015512
-0.104447 0.025887 -0.135625 -0.17329 -0.098243
-0.044273 0.149524 -0.043181 0.251139 -0.038069
0.075705 0.039758 0.111403 0.003264 0.081908
0.051246 0.082123 0.126714 0.000602 0.057449
-0.016376 -0.123319 -0.214993 0.070516 -0.010173
-0.126066 -0.007327 0.036154 0.025659 -0.119863
-0.151056 0.137801 -0.135241 -0.018625 -0.144852
-0.066186 -0.14322 -0.161601 -0.178077 -0.059982
-0.04534 -0.098002 -0.14481 -0.142441 -0.039136
0.148373 0.062019 0.040193 0.034171 0.154576
0.007979 0.093104 -0.113184 0.001988 0.014182
0.174144 0.014528 -0.062594 -0.025428 0.180347
-0.090935 -0.093729 -0.123726 -0.148797 -0.084732
0.067259 0.035063 0.116338 0.062754 0.073463
-0.075184 -0.054627 -0.173036 -0.095086 -0.068981
-0.076824 -0.056818 -0.079502 -0.052795 -0.07062
0.01532 0.009059 0.265161 -0.053613 0.021523
0.057783 0.022632 0.15822 0.089836 0.063987
-0.023422 -0.049971 0.019983 -0.035309 -0.017219
0.106042 0.136732 0.177011 0.088296 0.112245
0.045932 -0.041698 -0.052148 0.087557 0.052135
-0.094988 -0.019079 -0.140536 -0.131762 -0.088784
-0.043279 0.019551 0.210852 0.049155 -0.037075
0.107855 -0.061431 -0.022368 -0.070271 0.114058
-0.218631 -0.017802 0.033705 0.058887 -0.212427
-0.067137 0.061151 -0.092129 0.006378 -0.060933
0.013476 0.050537 -0.06975 0.041221 0.019679
0.075218 0.016529 0.533847 -0.106293 0.081421

-0.006203
 Weights

Tata Sun Ultra Tech Jindal Sun

Motors Pharma Cement Steel Tata Motors Pharma
0.668517614 0.318216 0 0.013267 1

0.002598 0.000571
0.004783 0.004918 Returns Std Dev Sharpes Ratio
0.018092 0.002551 0.0142696734 0.007275 1.96136682279
0.002551 0.008246
rf 0.0%