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.) BP BHP Billiton Siemens Nestl 1.00 0.30 0.45 1.00 0.33 1.00 LVMH 0.38 0.16 0.21 1.00 BHP Billiton Siemens Nestl LVMH Toronto Dominion Bank Samsung BP Standard deviation (%) Toronto Dominion Bank 0.16 0.13 0.22 0.10 1.00 Samsung 0.38 0.34 0.14 0.24 -0.07 1.00 0.13 0.23 0.22 0.10 0.07 0.08 1.00 24.60 29.10 21.90 15.80 24.40 18.70 29.50 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.) BP BHP Billiton Siemens Nestl 1.00 0.30 0.45 1.00 0.33 1.00 LVMH 0.38 0.16 0.21 1.00 BHP Billiton Siemens Nestl LVMH Toronto Dominion Bank Samsung BP Standard deviation (%) Toronto Dominion Bank 0.16 0.13 0.22 0.10 1.00 Samsung 0.38 0.34 0.14 0.24 -0.07 1.00 0.13 0.23 0.22 0.10 0.07 0.08 1.00 24.60 29.10 21.90 15.80 24.40 18.70 29.50
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