What is the correlation coefficient for returns between


Stock A’s returns the past 5 years have been 10%, -15%, 35%, 10%, and -20%. Stock B’s returns have been -5%, 1%, 4%, 40%, and 30%. What is the correlation coefficient for returns between stock a and stock b? My textbook said the answer is -0.35. Could you show me specifically how they came to that number?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the correlation coefficient for returns between
Reference No:- TGS02703622

Expected delivery within 24 Hours