Question: The table below shows standard deviations and correlation coefficients for seven stocks from different countries. Calculate the variance of a portfolio with equal investments in

The table below shows standard deviations and correlation coefficients for seven stocks from different countries. Calculate the variance of a portfolio with equal investments in each stock. (Use decimals, not percents, in your calculations. Do not round intermediate calculations. Round your answer to 4 decimal places.) BHP Billiton 1.00 Siemens 0.33 1.00 Nestl 0.40 0.32 1.00 LVMH 0.38 0.16 0.11 1.00 BHP Billiton Siemens Nestl LVMH Toronto Dominion Bank Samsung BP Standard deviation (%) Toronto Dominion Bank 0.16 0.15 0.12 0.31 1.00 Samsung 0.38 0.36 0.04 0.49 0.08 1.00 BP 0.15 -0.08 0.12 -0.05 -0.08 -0.07 1.00 43.40 23.00 34.80 45.80 21.30 15.00 35.50 Portfolio variance C
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