This is for a group project SO ONLY DO ONE STOCK Pick randomly three stocks from the following sectors (one stock from each sector) below: Technology Healthcare Financial Communication Services Industrials Defense Energy Utilities Pharmaceutical Real Estate You cannot select the following stocks: Apple, Google (Alphabet), Facebook (Meta), Nvidia, Amazon, and Microsoft. Analysis: 1. Calculate the sixty monthly returns from August 31, 2018 August 31, 2023 (The monthly return data are available on Yahoo finance, Bloomberg, or 10 Reuters), total five years, and sixty monthly observations. Show all the data for the four stocks and five years, in the Appendix to your report. 2. Calculate the sixty monthly risk-free rates on 30-year T- Bonds, for the corresponding period August 31, 2018 August 31, 2023, as in section one. 3. Run three regressions of the sixty monthly returns on each stock minus the monthly return on the risk-free rate against the market risk premiums (monthly returns on the S&P 500 Index the monthly risk-free rate). Show all the results. 4. The three Regressions are conducted as follows: (The monthly return on stock i, in period t) (The monthly risk-free rate in month t) = Alpha + Beta[(Monthly returns in period t) on the S&P 500 Index The corresponding risk-free rate in month t] + an error term epsilon (in month t) 5. Estimate the Alpha and Beta for each of the four stocks and interpret your results. Which stock outperforms the market for this period? Also estimate the standard deviations of the error terms, epsilon. 6. Estimate the Coefficient of Determination for each stock and interpret your results. 7. Create a three-by-three Correlation matrix of the correlations among the four stocks selected and interpret your results. 8. Write a summary of the basic characteristics of the four stocks selected, for this period. What are their core businesses? Who are their competitors? What were their profits? What were their Free Cash Flows? What were their financial leverages? How the change in the dollar exchange rate can affect their performance (a strong dollar versus a weak dollar)? What were their EPS? (In each year). What are their (Price/EPS) multiples and compare it to that of the S&P 500 Index. What are their (market price per share/book price per share)? How do you compare their performance to that of the S&P 500 Index? What are your projections of the performance of these stocks in 2023, and 2024? Explain your findings. Should you buy, hold or sell these six stocks? Why? Explain your recommendations.