1. **Weekly Returns Calculation:** It involves calculating weekly returns for two stocks and the S&P 500 using the formula `(Price_n - Price_(n-1)) / Price_(n-1)`. These weekly returns are expected to be small due to their frequency. 2. **Expected Return (E(r)) Calculation:** The arithmetic average function is used to calculate the expected return for each stock as well as the S&P 500. The average weekly return is then converted to an annual return using the formula `(1 + average_weekly_return) * 52 - 1`. 3. **Beta Calculation:** This section mentions the use of the SLOPE function in Excel to calculate the Beta for each stock individually, which measures the stock's volatility relative to the S&P 500. It seems like the document is guiding the reader on how to compute stock performance metrics like returns and risk using Excel functions. The text also hints at further analysis involving stock returns relative to a benchmark (S&P 500). Date XOM (TRDPRC_1) JNJ (TRDPRC_1) .SPX (TRDPRC_1) Close Close Close 29/7/2024 $115.83 $162.74 $5,314.81 22/7/2024 $117.33 $160.64 $5,459.10 15/7/2024 $116.07 $154.69 $5,505.00 8/7/2024 $113.27 $149.88 $5,615.35 1/7/2024 $113.37 $146.48 $5,567.19 24/6/2024 $115.12 $146.16 $5,460.48 17/6/2024 $110.76 $148.75 $5,464.62 10/6/2024 $109.11 $145.54 $5,431.60 3/6/2024 $112.75 $147.08 $5,346.99 28/5/2024 $117.26 $146.67 $5,277.51 20/5/2024 $113.42 $146.97 $5,304.72 13/5/