Date Close

ASIAN

PAINTS
31-05-2019 1406.7
30-05-2019 1373.35
29-05-2019 1359.35
28-05-2019 1366.3
27-05-2019 1365.7
24-05-2019 1385.55
23-05-2019 1369.45
22-05-2019 1366.75
21-05-2019 1358.55
20-05-2019 1372.75
17-05-2019 1318.15
16-05-2019 1307
15-05-2019 1307.15
14-05-2019 1318.85
13-05-2019 1332.9
10/5/2019 1340.95
9/5/2019 1355.8
8/5/2019 1387.6
7/5/2019 1387.65
6/5/2019 1414.9
3/5/2019 1437.75
2/5/2019 1437.85
 30-04-2019 1463

TOTAL

Exp. ROR 4684.9

Stan. Dev 6576.5392482(in percent)
Actual ROR -303421.7
Estimated Return Probability
XiP(Xi)
Xi P
1273.4 0.1 127.3
1259.4 0.2 251.9
1266.3 0.1 126.6
1265.7 0.1 126.6
1285.6 0.1 128.6
1269.5 0.1 126.9
1266.8 0.1 126.7
1258.6 0.1 125.9
1272.8 0.2 254.6
1218.2 0.3 365.4
1207.0 0.2 241.4
1207.2 0.2 241.4
1218.9 0.2 243.8
1232.9 0.2 246.6
1241.0 0.2 248.2
1255.8 0.2 251.2
1287.6 0.2 257.5
1287.7 0.2 257.5
1314.9 0.2 263.0
1337.8 0.1 133.8
1337.9 0.2 267.6
1363.0 0.2 272.6
 4684.9

Less from Exp. ROR

308106.58902992
(Xi – X ) (Xi – X )2 (Xi – X )2P(Xi)

-3411.6 11638673.4 1163867.3

-3425.6 11734392.8 2346878.6
-3418.6 11686826.0 1168682.6
-3419.2 11690928.6 1169092.9
-3399.4 11555580.4 1155558.0
-3415.5 11665298.7 1166529.9
-3418.2 11683749.4 1168374.9
-3426.4 11739874.3 1173987.4
-3412.2 11642767.6 2328553.5
-3466.8 12018355.6 3605506.7
-3477.9 12095788.4 2419157.7
-3477.8 12094745.1 2418949.0
-3466.1 12013502.6 2402700.5
-3452.0 11916304.0 2383260.8
-3444.0 11860791.6 2372158.3
-3429.1 11758726.8 2351745.4
-3397.3 11541647.3 2308329.5
-3397.3 11541307.6 2308261.5
-3370.0 11356900.0 2271380.0
-3347.2 11203413.1 1120341.3
-3347.1 11202743.7 2240548.7
-3321.9 11035019.6 2207003.9
43250868.5
NO. OF OBSERVATIONS
N IS 23

E(X)E(Y)

N(E)xy

N(E)xy minus E(X)E(Y)

nEx2
(EX)2
nEx2 minus(EX)2
Square root of nEx2 minus(

nEy2
(EY)2
nEy2 minus(EY)2
Square root of nEy2 minus(

Multiplying Square Square r

 N(E)xy minus E(X)E(Y)
rim is Multiplying Square Square root of nEx2 minus
SENSEX RETURNS
DATE

SYSTEMATIC RISK
CORRELATION APP. 5/31/2019
ASIAN 5/30/2019
PAINTS 5/29/2019
5/28/2019
5/27/2019
5/24/2019
5/23/2019
5/22/2019
5/21/2019
5/20/2019
5/17/2019
5/16/2019
5/15/2019
5/14/2019
5/13/2019
5/10/2019
5/9/2019
5/8/2019
5/7/2019
5/6/2019
5/3/2019
5/2/2019
 4/30/2019

TOTAL

27991872498.5

28002906429.987

11033931.4869995
788409201961.032
787,962,911,092.563
446,290,868.470
21125.5974701215

995267059.435
994,393,156.0
873,903.4
934.828024291069

19748800.5449621
 rim Value
0.558714007054685
Square root of nEx2 minus(EX)2 with root of nEy2 minus(EY)2
CLOSING Close(Y) or individual stock
PRICE
(X) or market
index
39,714.20 1406.7
39,831.97 1373.35
39,502.05 1359.35
39,749.73 1366.3
39,683.29 1365.7
39,434.72 1385.55
38,811.39 1369.45
39,110.21 1366.75
38,969.80 1358.55
39,352.67 1372.75
37,930.77 1318.15
37,393.48 1307
37,114.88 1307.15
37,318.53 1318.85
37,090.82 1332.9
37,462.99 1340.95
37,558.91 1355.8
37,789.13 1387.6
38,276.63 1387.65
38,600.34 1414.9
38,963.26 1437.75
38,981.43 1437.85
 39,031.55 1463

887,672.75 31534

Variance of I or y nEy2
(EY)2
n2

nEy2 minus (EY)2

Variance of I or y nEy2 minus (EY)2

n2

Square root of nEy2 minus (EY)2/n2

Variance of m or x nEx2
(EX)2
n2
 nEx2 minus (EX)2

Variance of m or x nEx2 minus (EX)2

nus(EY)2 n2

Square root of nEx2 minus (EX)2/n2

Beta 0.024723632649793

Interpretation: From the above calculations it is evidenced that Beta of

X SQUARE Y SQUARE

1,577,217,681.64 1978804.89
1,586,585,834.08 1886090.2225
1,560,411,954.20 1847832.4225
1,580,041,035.07 1866775.69
1,574,763,505.22 1865136.49
1,555,097,141.48 1919748.8025
1,506,323,993.73 1875393.3025
1,529,608,526.24 1868005.5625
1,518,645,312.04 1845658.1025
1,548,632,636.13 1884442.5625
1,438,743,312.79 1737519.4225
1,398,272,346.51 1708249
1,377,514,317.41 1708641.1225
1,392,672,681.36 1739365.3225
1,375,728,928.27 1776622.41
1,403,475,619.74 1798146.9025
1,410,671,720.39 1838193.64
1,428,018,346.16 1925433.76
1,465,100,404.16 1925572.5225
1,489,986,248.12 2001942.01
1,518,135,629.83 2067125.0625
1,519,551,884.84 2067412.6225
 1,523,461,895.40 2140369

34,278,660,954.83 43272480.845

995267059.435
994393156
529

873903.434999943

1651.99137051029 Variance of I or y

40.6446967083073
Standard deviation of i or y

788409201961.032
787,962,911,092.56
529
 446,290,868.47

843650.034914186 Variance of m or x

918.50423783137 Standard deviation of m or x

Standard deviation of m or x

it is evidenced that Beta of Berger stock is less than Beta of BSE market index
X*Y

55865965.14
54703235.9995
53697111.6675
54310056.099
54195469.153
54638776.296
53150258.0355
53453879.5175
52942421.79
54021377.7425
49998444.4755
48873278.36
48514715.392
49217543.2905
49438353.978
50235996.4405
50922370.178
52436196.788
53114565.6195
54615621.066
56019427.065
56049449.1255
 57103157.65

1217517670.869
on of m or x

an Beta of BSE market index i.e. 0.0248< 1.00. Asian Paints stock has less syste
k has less systematic risk.
BERGER Date Close Estimated Return Probability
PAINTS Xi
31-05-2019 330.55 190.36 0.1
30-05-2019 300.4 200.20 0.1
29-05-2019 300.25 203.84 0.1
28-05-2019 302.95 213.00 0.2
27-05-2019 310.55 210.68 0.1
24-05-2019 310.65 206.28 0.1
23-05-2019 307.35 211.32 0.2
22-05-2019 310.35 212.13 0.1
21-05-2019 311.7 213.09 0.1
20-05-2019 312.75 195.55 0.2
17-05-2019 299.85 195.03 0.1
16-05-2019 296.25 197.65 0.2
15-05-2019 297.3 197.17 0.2
14-05-2019 297.2 199.94 0.1
13-05-2019 299.25 201.91 0.1
10/5/2019 301.25 202.25 0.1
9/5/2019 302 204.26 0.1
8/5/2019 303.7 204.90 0.2
7/5/2019 304.6 213.65 0.1
6/5/2019 311.45 211.58 0.3
3/5/2019 311.55 216.49 0.2
2/5/2019 315.3 219.11 0.2
30-04-2019 318.2

TOTAL
Exp. ROR 659.87 Less from Exp. ROR
Stan. Dev 811.65271168 (in percent) 5355.87265431
Actual ROR -4696.00
XiP(Xi) (Xi – X ) (Xi – X )2 (Xi – X )2P(Xi)
19.04 -469.51 220436.5 22043.6
20.02 -459.67 211296.5 21129.6
20.38 -456.03 207962.2 20796.2
42.60 -446.87 199695.2 39939.0
21.07 -449.19 201769.7 20177.0
20.63 -453.59 205747.2 20574.7
42.26 -448.55 201200.1 40240.0
21.21 -447.74 200468.3 20046.8
21.31 -446.78 199616.2 19961.6
39.11 -464.32 215595.1 43119.0
19.50 -464.84 216071.8 21607.2
39.53 -462.22 213644.4 42728.9
39.43 -462.70 214094.7 42818.9
19.99 -459.93 211540.2 21154.0
20.19 -457.96 209723.8 20972.4
20.22 -457.62 209417.6 20941.8
20.43 -455.61 207580.7 20758.1
40.98 -454.97 207001.8 41400.4
21.36 -446.22 199112.8 19911.3
63.47 -448.29 200962.0 60288.6
43.30 -443.38 196586.4 39317.3
43.82 -440.76 194268.2 38853.6

659.87 658780.1
m Exp. ROR
SENSEX RETURNS DATE
SYSTEMATIC RISK
CORRELATION APP. 5/31/2019
5/30/2019
5/29/2019
5/28/2019
BERGER 5/27/2019
PAINTS 5/24/2019
5/23/2019
5/22/2019
5/21/2019
5/20/2019
5/17/2019
5/16/2019
5/15/2019
5/14/2019
5/13/2019
5/10/2019
5/9/2019
5/8/2019
5/7/2019
5/6/2019
5/3/2019
5/2/2019
4/30/2019

TOTAL
 NO. OF OBSERVATIONS
N IS 23

E(X)E(Y)

N(E)xy

N(E)xy minus E(X)E(Y)

nEx2
(EX)2
nEx2 minus(EX)2
Square root of nEx2 minus(EX)2

nEy2
(EY)2
nEy2 minus(EY)2
Square root of nEy2 minus(EY)2

Multiplying Square Square root of nEx2 minus(EX)2 wit

rim is N(E)xy minus E(X)E(Y)

Multiplying Square Square root of nEx2 minus(EX)2 with root of nEy2 minus(EY)2
CLOSING PRICE Close(Y) or X SQUARE
(X) or market index individual stock
39,714.20 330.55 1,577,217,681.64
39,831.97 300.4 1,586,585,834.08
39,502.05 300.25 1,560,411,954.20
39,749.73 302.95 1,580,041,035.07
39,683.29 310.55 1,574,763,505.22
39,434.72 310.65 1,555,097,141.48
38,811.39 307.35 1,506,323,993.73
39,110.21 310.35 1,529,608,526.24
38,969.80 311.7 1,518,645,312.04
39,352.67 312.75 1,548,632,636.13
37,930.77 299.85 1,438,743,312.79
37,393.48 296.25 1,398,272,346.51
37,114.88 297.3 1,377,514,317.41
37,318.53 297.2 1,392,672,681.36
37,090.82 299.25 1,375,728,928.27
37,462.99 301.25 1,403,475,619.74
37,558.91 302 1,410,671,720.39
37,789.13 303.7 1,428,018,346.16
38,276.63 304.6 1,465,100,404.16
38,600.34 311.45 1,489,986,248.12
38,963.26 311.55 1,518,135,629.83
38,981.43 315.3 1,519,551,884.84
39,031.55 318.2 1,523,461,895.40

887,672.75 7,055.40 34,278,660,954.83

 Variance of I or y

6262886320.35
Variance of I or y
6265263089.345

2376768.99499893
788409201961.032
787,962,911,092.563
446,290,868.470
21125.5974701215

49812654.225 Variance of m or x
49,778,669.16
33,985.07
184.350386492692

3894512.05850595
Variance of m or x

rim Value
0.610286721235813
nus(EX)2 with root of nEy2 minus(EY)2

Beta
Interpretation: The above calculations de
Y SQUARE X*Y

109263.3025 13127528.81
90240.16 11965523.788
90150.0625 11860490.5125
91778.7025 12042180.7035
96441.3025 12323645.7095
96503.4225 12250395.768
94464.0225 11928680.7165
96317.1225 12137853.6735
97156.89 12146886.66
97812.5625 12307547.5425
89910.0225 11373541.3845
87764.0625 11077818.45
88387.29 11034253.824
88327.84 11091067.116
89550.5625 11099427.885
90751.5625 11285725.7375
91204 11342790.82
92233.69 11476558.781
92781.16 11659061.498
97001.1025 12022075.893
97063.4025 12139003.653
99414.09 12290844.879
101251.24 12419839.21

2,165,767.58 272,402,743.02
 nEy2 49812654.225
(EY)2 49,778,669.16
n2 529

nEy2 minus (EY)2 33,985.07

nEy2 minus (EY)2 64.2439792060587 Variance of I or y

n2

Square root of nEy2 minus (EY)2/n2 8.01523419533445

Standard deviation of I or y

nEx2 788409201961.032
(EX)2 787,962,911,092.563
n2 529

nEx2 minus (EX)2 446,290,868.470

nEx2 minus (EX)2 843650.034914186 Variance of m or x

n2

Square root of nEx2 minus (EX)2/n2 918.50423783137

Standard deviation of m or x

0.005325605
bove calculations depicts that Beta of Berger stock is less than Beta of BSE market index i.e. 0.00533<
index i.e. 0.00533< 1.00. Therefore, Berger Paint stock has less systematic risk.
KANSAI Estimated Retur Probability
NEROLAC Date Close Xi
31-05-2019 460.7 344 0.1
30-05-2019 444 346 0.1
29-05-2019 446 348.65 0.1
28-05-2019 448.65 340.6 0.2
27-05-2019 440.6 337.6 0.1
24-05-2019 437.6 321.45 0.1
23-05-2019 421.45 316.1 0.1
22-05-2019 416.1 305.05 0.1
21-05-2019 405.05 309.95 0.2
20-05-2019 409.95 310.5 0.2
17-05-2019 410.5 300.6 0.1
16-05-2019 400.6 299.2 0.2
15-05-2019 399.2 307.75 0.2
14-05-2019 407.75 306.45 0.1
13-05-2019 406.45 315.5 0.1
10/5/2019 415.5 330.2 0.1
9/5/2019 430.2 333.65 0.1
8/5/2019 433.65 330.05 0.2
7/5/2019 430.05 325.4 0.1
6/5/2019 425.4 326.9 0.1
3/5/2019 426.9 317.8 0.1
2/5/2019 417.8 340.6 0.2
30-04-2019 440.6

TOTAL

Exp. ROR 935.265 Less from Exp. ROR

Stan. Dev 1043.82012433 (in percent) 9762.48429
Actual ROR -8827.2192858
 XiP(Xi) (Xi – X ) (Xi – X )2 (Xi – X )2P(Xi)
34.4 -591.3 349594.3 34959.4
34.6 -589.3 347233.2 34723.3
34.87 -586.6 344117.2 34411.7
68.12 -594.7 353626.5 70725.3
33.76 -597.7 357203.5 35720.3
32.15 -613.8 376768.9 37676.9
31.61 -619.2 383365.3 38336.5
30.51 -630.2 397170.9 39717.1
61.99 -625.3 391018.8 78203.8
62.1 -624.8 390331.3 78066.3
30.06 -634.7 402799.7 40280.0
59.84 -636.1 404578.7 80915.7
61.55 -627.5 393775.1 78755.0
30.65 -628.8 395408.3 39540.8
31.55 -619.8 384108.7 38410.9
33.02 -605.1 366103.7 36610.4
33.37 -601.6 361940.6 36194.1
66.01 -605.2 366285.2 73257.0
32.54 -609.9 371935.3 37193.5
32.69 -608.4 370108.0 37010.8
31.78 -617.5 381263.0 38126.3
68.12 -594.7 353626.5 70725.3

935.265 1089560.5

s from Exp. ROR

SENSEX
RETURNS DATE

SYSTEMATIC RISK
CORRELATION AP 5/31/2019
5/30/2019
5/29/2019
5/28/2019
KANSAI 5/27/2019
NEROLAC 5/24/2019
5/23/2019
5/22/2019
5/21/2019
5/20/2019
5/17/2019
5/16/2019
5/15/2019
5/14/2019
5/13/2019
5/10/2019
5/9/2019
5/8/2019
5/7/2019
5/6/2019
5/3/2019
5/2/2019
4/30/2019
TOTAL
NO. OF OBSERVATIONS
N IS 23

(EX)2
E(X)E(Y)

N(E)xy

N(E)xy minus E(X

 nEx2
(EX)2
nEx2 minus(EX)2
Square root of n

nEy2
(EY)2
nEy2 minus(EY)2
Square root of n

Multiplying Squa

rim is N(E)xy minus E(X

Multiplying Square Square root of nEx2 min

rim represents that there is 68.67% correlati

 Close(Y) or individual stock
CLOSING PRICE
(X) or market index X SQUARE
39,714.20 460.7 1,577,217,681.64
39,831.97 444 1,586,585,834.08
39,502.05 446 1,560,411,954.20
39,749.73 448.65 1,580,041,035.07
39,683.29 440.6 1,574,763,505.22
39,434.72 437.6 1,555,097,141.48
38,811.39 421.45 1,506,323,993.73
39,110.21 416.1 1,529,608,526.24
38,969.80 405.05 1,518,645,312.04
39,352.67 409.95 1,548,632,636.13
37,930.77 410.5 1,438,743,312.79
37,393.48 400.6 1,398,272,346.51
37,114.88 399.2 1,377,514,317.41
37,318.53 407.75 1,392,672,681.36
37,090.82 406.45 1,375,728,928.27
37,462.99 415.5 1,403,475,619.74
37,558.91 430.2 1,410,671,720.39
37,789.13 433.65 1,428,018,346.16
38,276.63 430.05 1,465,100,404.16
38,600.34 425.4 1,489,986,248.12
38,963.26 426.9 1,518,135,629.83
38,981.43 417.8 1,519,551,884.84
39,031.55 440.6 1,523,461,895.40
887,672.75 9,774.70 34,278,660,954.83

95,544,760.1
8676734829.425

8682294249.958

5559420.53299904
 788409201961.032
787,962,911,092.563
446290868.469605
21125.5974701215 Variance of I or y

95691586.25
95,544,760.09
146,826.16
383.179018214739
Variance of I or y
8094885.69780094

rim Value
0.686781844802245
ying Square Square root of nEx2 minus(EX)2 with root of nEy2 minus(EY)Variance of m or x

resents that there is 68.67% correlation between SENSEX returns & Nerolac stock returns

Variance of m or x

Beta

Interpretation: Above calculation

Y SQUARE X*Y
212244.49 18296331.94
197136 17685394.68
198916 17617914.3
201286.8225 17833716.3645
194128.36 17484457.574
191493.76 17256633.472
177620.1025 16357060.3155
173139.21 16273758.381
164065.5025 15784717.49
168059.0025 16132627.0665
168510.25 15570581.085
160480.36 14979828.088
159360.64 14816260.096
166260.0625 15216630.6075
165201.6025 15075563.789
172640.25 15565872.345
185072.04 16157843.082
188052.3225 16387256.2245
184943.0025 16460864.7315
180965.16 16420584.636
182243.61 16633415.694
174556.84 16286441.454
194128.36 17197300.93
4,160,503.75 377,491,054.35

Rough values for calculations

383.179018214739
146826.160000011
 5559420.53299904

nEy2 95691586.25
(EY)2 95,544,760.09
n2 529

nEy2 minus (EY)2 146,826.16

nEy2 minus (EY)2 277.554177693699 Variance of I or y

n2

Square root of nEy2 minus (EY) 16.6599573136818

Standard deviation of I or y

nEx2 788409201961.032
(EX)2 787,962,911,092.563
n2 529

nEx2 minus (EX)2 446,290,868.470

nEx2 minus (EX)2 843650.034914186 Variance of m or x

n2

Square root of nEx2 minus (EX) 918.50423783137

Standard deviation of m or x

0.012456944396067

Above calculations ihas the evidence that Beta of Kansai Nerolac stock is less than Beta of BSE mar
is less than Beta of BSE market index i.e. 0.01246< 1.00. Kansai Nerolac Paints stock has less systema
tock has less systematic risk.
 HDFC Bank(Y)

EY

TOTAL

Month TISCO(Y) LN
PROBA
Apr-19 243.8 0.2
May 336.85 0.32328951036 0.1
June 290.75 -0.14717393601 0.1
July 421.55 0.37147460297 0.1
August 489.7 0.14985456434 0.1
September 591.15 0.1882768336 0.2
October 567.25 -0.04126966865 0.1
November 663.15 0.15620108528 0.1
December 791.2 0.17654957137 0.2
Jan-20 694.35 -0.13057462416 0.1
February 711.2 0.02397752805 0.1
March 757.7 0.1
TOTAL 6558.65
EY

CLOSING PRICE
(X) or market
index

Month ICICI(Y)
Apr-19 234.75
May 230.8
June 267.5
July 291.5
August 259.95
September 262.6
October 283.5
November 285.2
December 264.8
Jan-20 242.3
February 236.2
March 239.55
TOTAL 3098.65
EY
 Probability
LOG CLOSE
0.1 XiP(Xi) (Xi – X ) (Xi – X )2
0.1
0.1
0.1
0.2
0.1
0.1

X2
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(Xi – X )
XiP(Xi) (Xi – X ) (Xi – X ) 2 2
P(Xi)
EX2

-0.01471739360079 -0.297173936007895 0.088312348242425 0.00883123482

0.037147460296991 0.221474602969911 0.04905099976068 0.00490509998
0.014985456433959 -0.000145435660413 2.115153131975E-08 2.1151531E-09
0.03765536672017 0.038276833600851 0.001465115990507 0.0002930232
-0.004126966864917 -0.191269668649171 0.036584086145164 0.00365840861
0.015620108528041 0.006201085280411 3.8453458654928E-05 3.8453459E-06
0.035309914273628 0.026549571368141 0.000704879739832 0.00014097595
-0.013057462416311 -0.280574624163113 0.078722119724272 0.00787221197
 0.002397752805431 -0.126022471945694 0.015881663435303 0.00158816634
0.111214236176202 0.02729296834
0.16520583627

Close(Y) or
individual stock

X SQUARE Y SQUARE X*Y

EX2

Nifty
11748.15
11922.8
11788.85
11118
11023.25
11474.45
11877.45
12056.05
12168.45
12169.85 600,000
11201.75 300,000
8597.75 1,00,00,000
137146.8 35,00,000
40,00,000
500,000
1,400,000
 HDFC
X2 Y2
(Xi – X ) P(Xi)
2
Bank

Y2
59438.44
113467.9225
84535.5625
177704.4025
239806.09
349458.3225
321772.5625
439767.9225
625997.44
482121.9225
505805.44
574109.29

3973985.3175
EY2
EY2
RETURNS FROM
NIFTY

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Table of Contents Page no.
Asian Paints.
A)  Returns Analysis
A)  Correlation Analysis.
Interpretation
Berger Paints.
A)  Returns Analysis
A)  Correlation Analysis.
Interpretation
Kansai Nerolac.
A)  Returns Analysis
A)  Correlation Analysis.
Interpretation

Preface
Economic Analysis.
Industry Analysis.
Company Analysis.
Beta Interpretation.
Particulars. Page no.
Asian Paints.
A)  Returns Analysis 3
A)  Correlation Analysis. 4
Interpretation 5
Berger Paints.
A)  Returns Analysis 6
A)  Correlation Analysis. 7
Interpretation 8
Kansai Nerolac.
A)  Returns Analysis 9
A)  Correlation Analysis. 10
Interpretation. 11

Preface
Economic Analysis of all Co.'s. 13-19
Industry Analysis of all Co.'s. 20-27
Company Analysis of all Co.'s. 28-30
31
Beta Interpretation of all Co.'s.
32
References.
Comparing Stock with market Index

Date Close
31-05-2019 460.7
30-05-2019 444
29-05-2019 446
28-05-2019 448.65
27-05-2019 440.6
24-05-2019 437.6
23-05-2019 421.45
22-05-2019 416.1
21-05-2019 405.05
20-05-2019 409.95
17-05-2019 410.5
16-05-2019 400.6
15-05-2019 399.2
14-05-2019 407.75
13-05-2019 406.45
10/5/2019 415.5
9/5/2019 430.2
8/5/2019 433.65
 CLOSING PRICE
Log Close (X) or market index Log close SENSEX
3.69225095096465 39,714.20 -0.296104981669884
-0.449438958783933 39,831.97 0.831728688175139
-0.592412172400256 39,502.05 -0.625047932988121
1.81056393758238 39,749.73 0.167285633843649
0.68321832604714 39,683.29 0.62835457528775
3.76041046642803 39,434.72 1.5932886282207
1.27755304545954 38,811.39 -0.766979797280984
2.69150997123954 39,110.21 0.359657103922043
-1.20246847656864 38,969.80 -0.977683798184654
-0.134072785029628 39,352.67 3.68011691179513
2.4412505660765 37,930.77 1.42662983762323
0.350087879440906 37,393.48 0.747839030201609
-2.11916970638144 37,114.88 -0.547201876569219
0.3193321308542 37,318.53 0.612048649372712
-2.20216941029216 37,090.82 -0.998401266153337
-3.47676025381268 37,462.99 -0.255712138101987
-0.798754029683504 37,558.91 -0.611086144823032
0 37,789.13 0
Returns from SEXSEX (X) Returns from Berger (Y)
-0.296104981669884 3.69225095096465
0.831728688175139 -0.449438958783933
-0.625047932988121 -0.592412172400256
0.167285633843649 1.81056393758238
0.62835457528775 0.68321832604714
1.5932886282207 3.76041046642803
-0.766979797280984 1.27755304545954
0.359657103922043 2.69150997123954
-0.977683798184654 -1.20246847656864
3.68011691179513 -0.134072785029628
1.42662983762323 2.4412505660765
0.747839030201609 0.350087879440906
-0.547201876569219 -2.11916970638144
0.612048649372712 0.3193321308542
-0.998401266153337 -2.20216941029216
-0.255712138101987 -3.47676025381268
-0.611086144823032 -0.798754029683504

Covariance of X,Y 0.776709369296372

Variance of X 1.41251204718107
BETA of Berger 0.549878049427219

ALTERNATIVE METHOD:
BETA of Berger 0.58424542751642
Beta of SENSEX 1 Constant

Interpreation
Since, the Berger stock has 0.55 or 0.59 beta as as systematic risk which is less than market risk, hence it has lower
et risk, hence it has lower systematic risk.
 Calcuate from 7 days after
Date Close Closing Price 7 days ago

1 330.55
300.4

2
3 300.25
4 302.95
5 310.55
6 310.65
7 307.35
8 310.35 330.55
9 311.7 300.4
10 312.75 300.25
11 299.85 302.95
12 296.25 310.55
13 297.3 310.65
14 297.2 307.35
15 299.25 310.35
16 301.25 311.7
17 302 312.75
18 303.7 299.85

From 8 th day to 18 th day 11 days are left so copy 1 to 8 days close price and paste that in the closing price 7

Interpretation
Uptrend values are above 0 and downtrend is the values below the zero line and below zero lines are oversold

RSI
IF current day price is more than immediate previous day price it is gain
Date Close
Gain
 1 330.55 Nil
2 300.4
3 300.25
4 302.95 2.69999999999999
310.55
5 7.60000000000002
6 310.65 0.099999999999966
7 307.35
8 310.35 3
9 311.7 1.34999999999997
10 312.75 1.05000000000001
11 299.85
12 296.25
13 297.3 1.05000000000001
14 297.2
15 299.25 2.05000000000001
16 301.25 2
17 302 0.75
18 303.7 1.69999999999999
TOTAL 23.35

Avg gain per day

Average loss/gain per day 1.3735294117647

RS -0.465139442231075

RSI Less than 30 is oversold condition, consider buying this as more supply means less price
RSI More than 70 is overbough condition,consider selling as less supply means more price to max profits

RSI 100-[100/(1+RS)]
RSI 100-[100/(1+0.47)]
100
RSI 31.9727891156462
HERE PRICES ARE MOVING UPWARDS, OVERSOLD CONDITION OF THE MARKET. SIGNAL IS TO BUY THE SHARE
 SMA
Simple Moving Average HERE
Date Close Start from 5th day immediately
Total Prices of 5 days
1 330.55
2 300.4
3 300.25
4 302.95
5 310.55 310.55
310.65
6 310.65
7 307.35 307.35
8 310.35 310.35
9 311.7 311.7
10 312.75 312.75
11 299.85 299.85
12 296.25 296.25
13 297.3 297.3
14 297.2 297.2
15 299.25 299.25
16 301.25 301.25
17 302 302
18 303.7 303.7

Interpretation
If the closing price & SMA are moving upwards it indicates upward trend & it is better to exit the market or th

EMA Exponential Smothening Moving Average

2/n+1

Date Close
Factor
1 330.55
2 300.4
3 300.25
4 302.95
5 310.55
6 310.65
7 307.35
 8 310.35
9 311.7
10 312.75
11 299.85
12 296.25
13 297.3
14 297.2
15 299.25
16 301.25
17 302
18 303.7
 Price ratio ROC= Ratio-1

Days

3
4
5
6
7
0.94 -0.06 8
1.04 0.04 9
1.04 0.04 10
0.99 -0.01 11
0.95 -0.05 12
0.96 -0.04 13
0.97 -0.03 14
0.96 -0.04
0.97 -0.03
0.97 -0.03
1.01 0.01

Below ROC line indicates fall in pric

and paste that in the closing price 7 days ago column

ine and below zero lines are oversold position in the market. One should buy oversold shares as prices are less and sell shares in the over

1st day wont be considered even when calculating average

Loss
 Nil
-30.15
-0.149999999999977

Closing Price of
Date
Company X
6/3/2020 1387.6
-3.29999999999995 6/4/2020 1333.8
6/5/2020 1339.6
6/8/2020 1337.7
6/9/2020 1303.75
-12.9 6/10/2020 1334.25
-3.60000000000002 6/11/2020 1298.65
6/12/2020 1279.55
-0.100000000000023 6/15/2020 1249.55
6/16/2020 1276.85
6/17/2020 1241
6/18/2020 1303.35
6/19/2020 1302
-50.2 6/22/2020 1355.85
6/23/2020 1389.6
6/24/2020 1345.5
Avg loss per day
-2.95294117647059

Don’t consider -ve

y means less price

means more price to max profits

68.0272108843537

ARKET. SIGNAL IS TO BUY THE SHARES

 5 Days SMA

62.11

62.13 Consider recent 5 days here Leave 1st date

61.47 Consider recent 5 days here Leave 2nd Date
62.07
62.34
62.55
59.97
59.25
59.46
59.44
59.85
60.25
60.4
60.74

& it is better to exit the market or there will be trend reversal.

Watch recording internet shut down!!!!

Days Closing Price 5 DAYS EMA

1 98.8 98.8
0.333333333333333 2 98.5 -0.098999999999999
3 110.7 4.026
4 115.5 1.584
5 111.45 -1.3365
6 111.5 0.016499999999999
7 106.05 -1.7985
8 105.25 -0.263999999999999
9 100.45 -1.584
10 94.75 -1.881
11 95.45 0.231000000000001
12 96.4 0.313500000000001
13 102.45 1.9965
14 102.65 0.066000000000001
 Closing Price

98.8

Closing Price of
98.5 Date
Company X

110.7 6/3/2020 1387.6

115.5 6/4/2020 1333.8
111.45 6/5/2020 1339.6
111.5 6/8/2020 1337.7
106.05 6/9/2020 1303.75
105.25 6/10/2020 1334.25
100.45 6/11/2020 1298.65
94.75 6/12/2020 1279.55
95.45 6/15/2020 1249.55
96.4 6/16/2020 1276.85
102.45 6/17/2020 1241
102.65 6/18/2020 1303.35
6/19/2020 1302
6/22/2020 1355.85
6/23/2020 1389.6
6/24/2020 1345.5

C line indicates fall in price and above ROC indicated increase in price of the stock. Below 0 indicates oversold condition and above o indic

nd sell shares in the overbough region to make profit, or else there may be a trend reversals.
Gain Loss
NIL NIL
-53.8
5.8
-1.9
-33.95
30.5
-35.6
-19.1
-30
27.3
-35.85
62.35
-1.35
53.85
33.75
-44.1
35.5916666667 -28.405555556
-1.2529825934

44.2477876106
55.7522123894
Days Closing Price

1 98.8
2 98.5
3 110.7
4 115.5
5 111.45 106.99
6 111.5 109.53
7 106.05 111.04
8 105.25 109.95
9 100.45 106.94
10 94.75 103.6
11 95.45 100.39
12 96.4 98.46
13 102.45 97.9
14 102.65 98.34

5 DAYS EMA
98.8
98.701
3.927
5.61
0.2475
-1.32
 -1.782
-2.0625
-1.848
-3.465
-1.65
0.5445
2.31
2.0625
sold condition and above o indicates overbought condition. The trading indication here is to buy the script/share when it is oversold and s
hare when it is oversold and sell when being overbough to receive maximum profit
 Closing
Days
Price
1 98.8
2 98.5
3 110.7
4 115.5
5 111.45
6 111.5
7 106.05
8 105.25
9 100.45
10 94.75
11 95.45
12 96.4
13 102.45
14 102.65