Explore BrainMass

Correlation Coefficient between Willow Stock and Sky Diamond Stock

This content was STOLEN from BrainMass.com - View the original, and get the 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 September 21, 2018, 11:45 pm ad1c9bdddf - https://brainmass.com/economics/investments/correlation-coefficient-between-willow-stock-and-sky-diamond-stock-575216

Solution Summary

Calculating Correlation Coefficient between two stocks