Explore BrainMass
Share

Explore BrainMass

    Correlation Coefficient between Willow Stock and Sky Diamond Stock

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The variance of Willow is 0.2700, and the variance of Sky Diamond is 0.1300. The covariance of the returns between Willow Stock and Sky Diamond Stock is 0.0730. Calculate the correlation coefficient between the returns of the two stocks.

    © BrainMass Inc. brainmass.com October 10, 2019, 7:17 am ad1c9bdddf
    https://brainmass.com/economics/investments/correlation-coefficient-between-willow-stock-and-sky-diamond-stock-575216

    Solution Summary

    Calculating Correlation Coefficient between two stocks

    $2.19