Returns on stocks X and Y are listed below: Period Stock X Stock Y 1 2 3 4 5 9% 6% 1% 8% -1% -2% 9% 5% 12% -1% 6 7 3% 10% 6% 5% What is the correlation of returns on the two stocks? Please round your answer to the nearest hundredth. Note that the correct answer will be evaluated based on the full- precision result you would obtain using Excel.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Returns on stocks X and Y are listed below:
Period
Stock X
Stock Y
1
2
3
9%
6% 1%
8%
-2% 9% 5% 12% -1%
5
6
-1% 3%
6%
7
10%
5%
What is the correlation of returns on the two stocks?
Please round your answer to the nearest hundredth.
Note that the correct answer will be evaluated based on the full-
precision result you would obtain using Excel.
Transcribed Image Text:Returns on stocks X and Y are listed below: Period Stock X Stock Y 1 2 3 9% 6% 1% 8% -2% 9% 5% 12% -1% 5 6 -1% 3% 6% 7 10% 5% What is the correlation of returns on the two stocks? Please round your answer to the nearest hundredth. Note that the correct answer will be evaluated based on the full- precision result you would obtain using Excel.
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