Question: Compute the annual returns for 2 0 1 8 through 2 0 2 3 ( e . g . , each year's return ) of
Compute the annual returns for through eg each year's return of an equally
weighted portfolio of Norvell stock and Napier stock.
Provide an intuitive explanation of what the correlation coefficient between the returns of the two
securities measures. Comment on whether you would expect the typical correlation coefficient
between two stocks to be positive, negative, or around zero, and why in either case.
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