Question: Using the data in the following table, what is the covariance between the stocks of Microsoft and Alaska Air? The covariance between the stocks of


Using the data in the following table, what is the covariance between the stocks of Microsoft and Alaska Air? The covariance between the stocks of Microsoft and Alaska Air is (Round to three decimal places.) - Data table HP General Mills 0.17 (Click on the following icon in order to copy its contents into a spreadsheet.) Historical Annual Volatilities and Correlations for Selected Stocks (based on monthly returns, 1996-2017) Alaska Southwest Ford Microsoft Air Airlines Motor Kellogg Volatility (Standard Deviation) 0.32 0.36 0.36 0.31 0.47 0.19 Correlation with Microsoft 1.00 0.40 0.18 0.22 0.27 0.04 HP 0.40 1.00 0.27 0.34 0.27 0.10 Alaska Air 0.18 0.27 1.00 0.40 0.15 0.15 Southwest Airlines 0.22 0.34 0.40 1.00 0.30 0.15 Ford Motor 0.27 0.27 0.15 0.30 1.00 0.17 Kellogg 0.04 0.10 0.15 0.15 0.17 1.00 General Mills 0.10 0.06 0.20 0.21 0.08 0.55 0.10 0.06 0.20 0.21 0.08 0.55 1.00
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