Use the monthly returns of the 5 companies you chose in the previous question to look at

Question:

Use the monthly returns of the 5 companies you chose in the previous question to look at the return on an equally weighted portfolio of the 5 stocks (that is, a portfolio with equal investment in each stock each month). The portfolio rate of return each month is the equal-weighted average of the stocks' rates of return. Use Excel to calculate the portfolio's average return and standard deviation. Compare the portfolio statistics that of those of the stocks. What evidence of portfolio diversification do you find?

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing... Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...