Closing prices of two stocks are recorded for 50 trading days. The sample standard deviation of stock

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Closing prices of two stocks are recorded for 50 trading days. The sample standard deviation of stock X is 4.638, and the sample standard deviation of stock Y is 9.084. The sample covariance is −36.111.

(a) Calculate the sample correlation coefficient.

(b) Describe the relationship between prices of these two stocks.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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