Month Asian Paints Avenue Supermart Adani Enterprise Axis Bank

9/1/2018 1293.300049 1395.949951 130.600006 613.25

10/1/2018 1230.400024 1337.949951 170 582.400024
11/1/2018 1345.949951 1492.5 165 625.75
12/1/2018 1373.050049 1606.650024 161 619.900024
1/1/2019 1412.599976 1374.849976 137.149994 722.700012
2/1/2019 1405.199951 1455.800049 128.850006 709.549988
3/1/2019 1492.699951 1471.099976 146.75 777.25

4/1/2019 1463.150024 1295.5 127.050003 766.849976

5/1/2019 1407.300049 1323.099976 154.75 808.299988
6/1/2019 1358.150024 1397.900024 150.5 808.549988
7/1/2019 1521.099976 1482.699951 128.800003 674.099976
8/1/2019 1616.199951 1571.150024 137.350006 663.900024
9/1/2019 1762.150024 1860.599976 145.850006 685
10/1/2019 1809.599976 1994.650024 199.649994 736.349976
11/1/2019 1706.150024 1822.5 214.899994 739.049988
12/1/2019 1784.949951 1838.349976 208.350006 754.099976
1/1/2020 1795.650024 2133.949951 229.449997 729.299988
2/1/2020 1797.949951 2323.949951 218.649994 697.299988
3/1/2020 1666.5 2187.5 137.600006 379
4/1/2020 1758.699951 2383.649902 141.399994 444.899994
5/1/2020 1683.099976 2269.350098 148.350006 384.950012
6/1/2020 1687.449951 2317.149902 156.25 406.649994
7/1/2020 1715.5 2063.449951 175.25 431.649994
8/1/2020 1899.099976 2251.25 279.549988 496.75
9/1/2020 1986.400024 2203.149902 297.100006 424.649994
10/1/2020 2211.5 2239.899902 339.700012 492.5
11/1/2020 2215.300049 2289.199951 398.399994 601.599976
12/1/2020 2764.5 2763.600098 479.549988 620.450012
1/1/2021 2407.350098 2651.5 506.649994 662.900024
 2/1/2021 2277.199951 2994.199951 833.650024 724.799988
3/1/2021 2537.399902 2859.050049 1031.150024 697.450012
4/1/2021 2536.399902 2852.899902 1158.699951 714.900024
5/1/2021 2977.5 3069.399902 1316.300049 750.700012
6/1/2021 2992.699951 3344.100098 1507.550049 748.299988
7/1/2021 2958.449951 3500.800049 1420.25 708.900024
8/1/2021 3201.350098 3954.800049 1587.599976 786.5
9/1/2021 3244.649902 4250.200195 1468.099976 766.549988
10/1/2021 3100.100098 4635.450195 1423.599976 742
11/1/2021 3143.649902 4710.899902 1662.849976 655.650024
12/1/2021 3382.949951 4671.450195 1709.449951 678.549988
1/1/2022 3152.25 4114.350098 1714.949951 773.049988
2/1/2022 3174.649902 4340.350098 1644.449951 742.400024
3/1/2022 3079.949951 4003.350098 2014.75 761.150024
4/1/2022 3237.199951 3944.25 2332 728.599976
5/1/2022 2859.649902 3972.800049 2167.550049 685.200012
6/1/2022 2695.199951 3406.100098 2190.899902 636.799988
7/1/2022 3333.75 4243.850098 2569.199951 724.75
8/1/2022 3391.600098 4531.350098 3194.350098 751.5
 Q1- Answer
Asian Paints_Return Avenue Supermart_Return

-5.0% -4.2%
9.0% 10.9%
2.0% 7.4%
2.8% -15.6%
-0.5% 5.7%
6.0% 1.0%
-2.0% -12.7%
-3.9% 2.1%
-3.6% 5.5%
11.3% 5.9%
6.1% 5.8%
8.6% 16.9%
2.7% 7.0%
-5.9% -9.0%
4.5% 0.9%
0.6% 14.9%
0.1% 8.5%
-7.6% -6.1%
5.4% 8.6%
-4.4% -4.9%
0.3% 2.1%
1.6% -11.6%
10.2% 8.7%
4.5% -2.2%
10.7% 1.7%
0.2% 2.2%
22.1% 18.8%
-13.8% -4.1%
 -5.6% 12.2%
10.8% -4.6%
0.0% -0.2%
16.0% 7.3%
0.5% 8.6%
-1.2% 4.6%
7.9% 12.2%
1.3% 7.2%
-4.6% 8.7%
1.4% 1.6%
7.3% -0.8%
-7.1% -12.7%
0.7% 5.3%
-3.0% -8.1%
5.0% -1.5%
-12.4% 0.7%
-5.9% -15.4%
21.3% 22.0%
1.7% 6.6%

Mean (Monthly returns) 2.05% 2.51%

SD 7.43% 8.63%
Q1- Answer
Adani Enterprise_Return Axis Bank_Return Asian Paints

26.4% -5.2% -7.0%

-3.0% 7.2% 6.9%
-2.5% -0.9% -0.1%
-16.0% 15.3% 0.8%
-6.2% -1.8% -2.6%
13.0% 9.1% 4.0%
-14.4% -1.3% -4.1%
19.7% 5.3% -5.9%
-2.8% 0.0% -5.6%
-15.6% -18.2% 9.3%
6.4% -1.5% 4.0%
6.0% 3.1% 6.6%
31.4% 7.2% 0.6%
7.4% 0.4% -7.9%
-3.1% 2.0% 2.5%
9.6% -3.3% -1.5%
-4.8% -4.5% -1.9%
-46.3% -61.0% -9.6%
2.7% 16.0% 3.3%
4.8% -14.5% -6.4%
5.2% 5.5% -1.8%
11.5% 6.0% -0.4%
46.7% 14.0% 8.1%
6.1% -15.7% 2.4%
13.4% 14.8% 8.7%
15.9% 20.0% -1.9%
18.5% 3.1% 20.1%
5.5% 6.6% -15.9%
 49.8% 8.9% -7.6%
21.3% -3.8% 8.8%
11.7% 2.5% -2.1%
12.8% 4.9% 14.0%
13.6% -0.3% -1.5%
-6.0% -5.4% -3.2%
11.1% 10.4% 5.8%
-7.8% -2.6% -0.7%
-3.1% -3.3% -6.6%
15.5% -12.4% -0.7%
2.8% 3.4% 5.3%
0.3% 13.0% -9.1%
-4.2% -4.0% -1.3%
20.3% 2.5% -5.1%
14.6% -4.4% 2.9%
-7.3% -6.1% -14.5%
1.1% -7.3% -8.0%
15.9% 12.9% 19.2%
21.8% 3.6% -0.3%

6.80% 0.43% 0.00%

15.83% 12.33% 7.43%

T
Avenue Supermart Adani Enterprise Axis Bank

-6.7% 19.6% -5.6% Asian Paints

8.4% -9.8% 6.7% Avenue Supermart
4.9% -9.3% -1.4% Adani Enterprise
-18.1% -22.8% 14.9% Axis Bank
3.2% -13.0% -2.3%
-1.5% 6.2% 8.7%
-15.2% -21.2% -1.8%
-0.4% 12.9% 4.8%
3.0% -9.6% -0.4%
3.4% -22.4% -18.6%
3.3% -0.4% -2.0%
14.4% -0.8% 2.7%
4.5% 24.6% 6.8%
-11.5% 0.6% -0.1%
-1.6% -9.9% 1.6%
12.4% 2.8% -3.8%
6.0% -11.6% -4.9%
-8.6% -53.1% -61.4%
6.1% -4.1% 15.6%
-7.4% -2.0% -14.9%
-0.4% -1.6% 5.1%
-14.1% 4.7% 5.5%
6.2% 39.9% 13.6%
-4.7% -0.7% -16.1%
-0.9% 6.6% 14.4%
-0.3% 9.1% 19.6%
16.3% 11.7% 2.7%
-6.6% -1.3% 6.2%
 9.6% 43.0% 8.5%
-7.1% 14.5% -4.3%
-2.7% 4.9% 2.0%
4.8% 6.0% 4.5%
6.1% 6.8% -0.8%
2.1% -12.8% -5.8%
9.7% 4.3% 10.0%
4.7% -14.6% -3.0%
6.2% -9.9% -3.7%
-0.9% 8.7% -12.8%
-3.3% -4.0% 3.0%
-15.2% -6.5% 12.6%
2.8% -11.0% -4.5%
-10.6% 13.5% 2.1%
-4.0% 7.8% -4.8%
-1.8% -14.1% -6.6%
-17.9% -5.7% -7.8%
19.5% 9.1% 12.5%
4.0% 15.0% 3.2%

0.00% 0.00% 0.00%

8.63% 15.83% 12.33%

48
 Q2- Answer
Variance- covariance matrix
Asian Paints Avenue Supermart Adani Enterprise Axis Bank
0.541% 0.330% 0.259% 0.244%
0.330% 0.729% 0.360% 0.190%
0.259% 0.360% 2.452% 1.054%
0.244% 0.190% 1.054% 1.489%

Note- Here all companie

equal weight

P1 P2
Return 3.05% 3.20%
Variance 0.48% 0.50%
Cov 0.49%
W1 W2=(1-W1)
w 50% 50%

Portfolio P3
Return 3.12%
Variance 0.49%
Std 7.01%
Q6- Answer
W1 Std Deviation Return Reward-Risk Ratio
7.01% 3.12% 0.445874493680981
-7 0.483895676125044
-6.9 0.4839329783327
-6.8 0.483961299495069
-6.7 0.48398043926288
-6.6 0.483990194508803
-6.5 0.483990359339761 Maxium Return to Risk
-6.4 0.483980725112053
-6.3 0.483961080449395
-6.2 0.48393121126399
-6.1 0.483890900780777
-6 0.483839929564973
-5.9 0.483778075553009
-5.8 0.483705114087009
-5.7 0.48362081795295
-5.6 0.483524957422575
-5.5 0.483417300299264
-5.4 0.483297611967915
-5.3 0.483165655449026
-5.2 0.48302119145704
-5.1 0.482863978463165
-5 0.482693772762697
-4.9 0.482510328547036
-4.8 0.482313397980498
-4.7 0.482102731282045
-4.6 0.481878076812034
-4.5 0.481639181164115
-4.4 0.481385789262399
-4.3 0.481117644463962
-4.2 0.480834488666831
-4.1 0.480536062423517
-4 0.480222105060207
-3.9 0.479892354801686
-3.8 0.479546548902065
-3.7 0.4791844237814
-3.6 0.478805715168257
-3.5 0.478410158248252
-3.4 0.477997487818675
-3.3 0.477567438449151
-3.2 0.477119744648427
-3.1 0.476654141037265
-3 0.476170362527451
 -2.9 0.475668144506912
-2.8 0.475147223030905
-2.7 0.474607335019259
-2.6 0.474048218459589
-2.5 0.473469612616455
-2.4 0.472871258246329
-2.3 0.472252897818322
-2.2 0.471614275740523
-2.1 0.470955138591817
-2 0.470275235359054
-1.9 0.469574317679364
-1.8 0.468852140087449
-1.7 0.468108460267652
-1.6 0.46734303931054
-1.5 0.466555641973799
-1.4 0.465746036947123
-1.3 0.464913997120847
-1.2 0.464059299858001
-1.1 0.463181727269437
-1 0.462281066491714
-0.9 0.46135710996733
-0.8 0.460409655726946
-0.7 0.459438507673162
-0.6 0.458443475865423
-0.5 0.457424376805621
-0.4 0.456381033723888
-0.3 0.455313276864132
-0.2 0.454220943768784
-0.1 0.453103879562251
0.00 0.451961937232523
0.09999999999997 0.450794977910409
0.19999999999997 0.44960287114581
0.29999999999997 0.448385495180474
0.39999999999997 0.447142737216642
0.49999999999997 0.445874493680981
0.59999999999997 0.444580670483216
0.69999999999997 0.443261183268845
0.79999999999997 0.441915957665328
0.89999999999997 0.440544929521127
0.99999999999997 0.439148045137002
1.09999999999997 0.437725261488926
1.19999999999997 0.436276546442034
1.29999999999997 0.43480187895498
1.39999999999997 0.43330124927413
1.49999999999997 0.431774659116984
1.59999999999997 0.430222121844278
1.69999999999997 0.428643662620185
1.79999999999997 0.427039318560094
1.89999999999997 0.425409138865436
1.99999999999997 0.423753184945058
2.09999999999997 0.422071530522675
2.19999999999997 0.420364261729938
2.29999999999997 0.418631477184711
2.39999999999997 0.416873288054152
2.49999999999997 0.415089818102245
2.59999999999997 0.413281203721452
2.69999999999997 0.411447593948202
2.79999999999997 0.409589150461948
2.89999999999996 0.407706047567596
2.99999999999996 0.405798472161115
3.1 0.403866623678208
3.2 0.401910714025944
3.3 0.3999309674973
3.4 0.397927620668625
3.5 0.395900922280053
3.6 0.393851133098955
3.7 0.391778525766564
3.8 0.389683384627949
3.9 0.387566005545556
4 0.38542669569659
4.1 0.383265773354533
4.2 0.381083567655173
4.3 0.378880418347524
4.4 0.376656675530071
4.5 0.374412699372839 Minimum Variance Por
4.6 0.372148859825769
4.7 0.369865536313972
4.8 0.367563117420449
4.9 0.365242000556874
5 0.362902591623111
5.1 0.360545304656132
5.2 0.358170561469033
5.3 0.355778791280874
5.4 0.353370430338109
5.5 0.350945921528323
5.6 0.348505713987119
5.7 0.346050262698874
5.8 0.343580028092239
5.9 0.341095475631121
6 0.338597075402
6.1 0.336085301698406
6.2 0.333560632603297
6.3 0.331023549570246
6.4 0.328474537004137
 6.5 0.325914081842252
6.6 0.323342673136432
6.7 0.320760801637169
6.8 0.318168959380312
6.9 0.315567639277145
7 0.312957334708532
7.0999999999999 0.310338539123824
7.1999999999999 0.307711745645168
7.2999999999999 0.305077446677908
7.3999999999999 0.302436133527578
7.4999999999999 0.299788296024199
7.5999999999999 0.29713442215431
7.6999999999999 0.294474997701309
7.7999999999999 0.291810505894581
7.8999999999999 0.28914142706787
7.9999999999999 0.28646823832726
8.0999999999999 0.283791413229225
8.1999999999999 0.281111421469058
8.2999999999999 0.278428728579977
8.3999999999999 0.275743795643227
8.4999999999999 0.2730570790094
8.5999999999999 0.270369030031213
8.6999999999999 0.26768009480787
8.7999999999999 0.264990713941212
8.8999999999999 0.262301322303758
8.9999999999999 0.259612348818704
9.0999999999999 0.25692421625194
9.1999999999999 0.254237341016086
9.2999999999999 0.251552132986634
9.3999999999999 0.248868995330012
9.4999999999999 0.246188324343671
9.5999999999999 0.24351050930797
9.6999999999999 0.240835932349885
9.7999999999999 0.23816496831826
9.8999999999999 0.235497984670625
9.9999999999999 0.232835341371222
10.0999999999999 0.230177390800206
10.1999999999999 0.227524477673726
10.2999999999999 0.224876938974648
10.3999999999999 0.222235103893775
10.4999999999999 0.219599293781179
10.5999999999999 0.216969822107522
10.6999999999999 0.214346994434941
10.7999999999999 0.211731108397352
10.8999999999999 0.209122453689771
10.9999999999999 0.206521312066405
11.0999999999999 0.203927957347182
11.1999999999999 0.201342655432455
11.2999999999999 0.198765664325464
11.3999999999999 0.196197234162344
11.4999999999999 0.193637607249304
11.5999999999999 0.191087018106652
11.6999999999999 0.188545693519343
11.7999999999999 0.186013852593777
11.8999999999999 0.183491706820451
11.9999999999999 0.180979460142224
12.0999999999999 0.178477309027785
12.1999999999999 0.175985442550155
12.2999999999999 0.173504042469753
12.3999999999999 0.171033283321866
12.4999999999999 0.168573332508133
12.5999999999999 0.16612435039179
12.6999999999999 0.163686490396419
12.7999999999999 0.161259899107857
12.8999999999999 0.158844716379051
12.9999999999999 0.156441075437596
13.0999999999999 0.154049102995648
13.1999999999999 0.15166891936202
13.2999999999999 0.149300638556209
13.3999999999999 0.146944368424107
13.4999999999999 0.144600210755166
13.5999999999999 0.142268261400861
13.6999999999999 0.139948610394147
13.7999999999999 0.137641342069795
13.8999999999999 0.135346535185406
13.9999999999999 0.133064263042854
14.0999999999999 0.130794593610062
14.1999999999999 0.128537589642922
14.2999999999999 0.126293308807186
14.3999999999999 0.12406180380018
14.4999999999999 0.121843122472203
14.5999999999999 0.119637307947527
14.6999999999999 0.117444398744764
14.7999999999999 0.115264428896572
14.8999999999999 0.113097428068575
14.9999999999999 0.11094342167733
0.0674354178556098 0.483990359339761

0.483990359339758
 Q3- Answer Q4- Answer Q5- Answer
Returns Port 1 Port 2

Asian Paints 2.05% Asian Paints 52% Asian Paints

Avenue Supe 2.51% Avenue Superma 29% Avenue Superma
Adani Enterp 6.80% Adani Enterprise 18% Adani Enterprise
Axis Bank 0.43% Axis Bank 0% Axis Bank
Sum 100% Sum
Avg Return 2.95% Return 3.050% Return
Note- Here all companies have
equal weight Variance 0.482% Variance
Std Deviation 6.945% Std Deviation
Reward/Risk Rat0.4391480451 Reward/Risk Rat
Target Return 3.05% Target Return

Cov (P1,P2) 0.491%

Q7 & Q8-Answer
P3 (Minimum VP4 (Maximum Sharpe Ratio)
Asian Paints 62.17% 31.58%
Avenue Superma 30.80% 26.23%
Adani Enterprise 7.03% 42.20%
Axis Bank 0.00% 0.00%
Sum 100.00% 100.00%
Return 2.525% 4.175%
Variance 0.455% 0.744%
Std Deviation 6.744% 8.626%
Reward/Risk Rat 37.441% 48.399%

Portfolio Risk Return

12

10
 Portfolio Risk Return
Maxium Return to Risk Ratio (Sharpe Ratio) 12

10

0
0 2 4 6 8
Minimum Variance Portfolio
-6.5
4.4
 Q5- Answer
Port 2

50%
29%
21%
0%
100%
3.200%

0.501%
7.080%
0.4519619372
3.20%

Risk Return
Risk Return

6 8 10 12