Question: Given below is the returned obtained by BAXCO Co. Ltd. during the first four quarter of 2019 with respect to overall return from the market.

Given below is the returned obtained by BAXCO Co. Ltd. during the first four quarter of 2019 with respect to overall return from the market.

Quarter

BAXCO Return (Rb)

Market Return (Rm)

Jan-Mar

10%

15%

AprJun

15%

-10%

Jul-Sep

-5%

2%

OctDec

-12%

-5%

Required: Calculate the volatility of BAXCO Co. Ltd. stock with overall volatility of market and comment on the result.

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