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.)
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 Siemens 1.00 0.32 1.00 Nestl 0.35 0.34 1.00 LVMH 0.43 0.22 0.23 1.00 BHP Billiton Siemens Nestl LVMH Toronto Dominion Bank Samsung BP Standard deviation (%) Toronto Dominion Bank 0.22 0.15 0.24 0.08 1.00 Samsung 0.43 0.29 0.16 0.22 -0.09 1.00 BP 0.15 0.21 0.24 0.12 0.09 0.10 1.00 22.60 27.10 19.90 13.80 22.40 16.70 27.50 Portfolio variance
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