Portfolio Management

Basics of Returns

1/ Historical Returns
2/ Annualized Returns
3/ Arithmetic Average of Returns
4/ Geometric mean Returns or CAGR
5/ Portfolio Returns - Weighted Returns
6/ Expected Returns

Basics of Portfolio Theory

Basic returns of a single security Capital Appreciation

Returns Relative %
Absolute return Doll

Average Returns over a period

Arithmetic Mean of the returns

Geometric Mean
In finance, geometric mean is used to calculate the rates
The compounded annual growth rate (CAGR) is the same as t
CAGR is a geometric average and provides a more accurate m
It’s typically used to view investments over any period of time,
It provides the geometric mean return for investments over this
If you’re analyzing investments, this number indicates the value
(and is particularly useful when comparing or evaluating histor
Keep in mind that CAGR assumes a constant growth rate for th
CAGR is simply a way to calculate the internal rate of return, a

Expected Return Using Probability

Sum (Pi * ri)

Mean of a securiting using Prob.

Given Prob
Retunr % Mean =Sum (Pi * Ri)

Return of two Securities Portfolio

Given
Weight of Sec 1
Weight of Sec 2
Ret of Sec 1
Ret of Sec 2
Portfolio Return Sum of Wi *Ri
apital Appreciation + Cash flows / Purchase price
elative %
bsolute return Dollar value

calculate the rates of annual growth of an asset.

GR) is the same as the geometric mean of the growth of an asset over time.
s a more accurate measure of investment than a simple arithmetic mean.
any period of time, though most often a period of at least 3 to 5 years.
vestments over this time period while accounting for compound growth.
r indicates the value of your investment at the end of that time period
or evaluating historical returns of particular investments).
ant growth rate for the time period, which does not reflect the reality of most inv
nal rate of return, and doesn’t incorporate or consider periodic returns’ vari

CAGR

sing Probability
um (Pi * ri)
n asset over time.
 hmetic mean.
to 5 years.
ound growth.
me period

e reality of most investment returns.

riodic returns’ variability or standard deviation.
Price at the begining of the year 60
Dividend paid at the end 2.4
Price at the end of the year 69
Returns 19.00%

Holding Period Returns

Stock value at the beginning 20
Dividend paid over the period 1
Stock value at the end of the per 22

Returns 15.00%(22+1)/20 -1
22+1)/20 -1 (23/20)-1
An investor purchased $1,000 of a mutual fund’s shares.
The fund had the following total returns over a 3-year period:
Calculate the value at the end of the 3-year period,
the holding period return, the mean annual return, and the g

Given
Year Returns
1 5%
2 -8%
3 12%

Period Value
0 1000.00
1 1050.00
 2 966.00
3 1081.92

Holding Period Return 8.19%

Arithmetic Mean Return 3%
Geometric Mean return 2.66%
CAGR 2.66%
CAGR using RRI function 2.66%
CAGR using HPR 2.66%
und’s shares.
a 3-year period: +5%, –8%, +12%.
eriod,
eturn, and the geometric mean annual return.
End value / Beg value -1
What is the Portfolio Return Formula?
The portfolio return is the return obtained from
which is a composite of several types of investments. Portfoli
basis of prespecified investment strategy to meet the investm

Portfolio Expected Return:

Portfolio expected return is the sum of each p

Rp = ∑ (Wi * Ri)

The Portfolio return is a measure of returns of its i

However, the return of the portfolio is the weighted average

If we take an example, you invest $70,000 in asset 1 that pro

and $30,000 invest in asset 2 that generate 12% of returns. A
weight of distributions are 70% and 30%. Calculate the Portf

Asset 1 Asset 2
Investment $70,000 $30,000
Return (r) 20% 12%
Weight (w) 70% 30%

Portfolio Return is calculated using the formula given below

Rp = ∑ (wi * ri)

Portfolio Return 17.6%

Consider an investor is planning to invest in three stocks wh

and worth of the invested amount is $20,000 and she is also
which has an expected return of 12%. While the expected re
of 10%. Now, she is interested in to calculate the overall retu

Stock A Stock B Stock C

Investment $20,000 $25,000 $30,000
Return (r) 18% 12% 10%

Weight of each investment is calculated as

Stock A Stock B Stock C

Weight (w) 0.267 0.333 0.400

Portfolio Return is calculated using the formula given below

Rp = ∑ (wi * ri)

Portfolio Return 12.8%

If you invest $600 in Tesla and $400 in Netflix for a month. A
is 3.5% on Tesla and 2.7% on Netflix over the month, Calcula

Tesla Netflix
Investment $600 $400
Return (r) 3.5% 2.7%

Weight of each investment is calculated as

Tesla Netflix
Weight (w) 0.6 0.4

Portfolio Return is calculated using the formula given below

Rp = ∑ (wi * ri)

Portfolio Return 3.2%

btained from the gain or loss realized by the investment
ments. Portfolios aim is to deliver a return on the
eet the investment objective, as well as the risk tolerance of the type of inve

m of each product of individual asset’s expected return w

turns of its individual assets.

ighted average of the returns of its component assets.

asset 1 that produced 20% returns

2% of returns. And their respective
culate the Portfolio Return.

a given below
hree stocks which is Stock A and its expected return of 18%
and she is also interested into own Stock B $25,000,
he expected return of stock C is $30,000 at the rate
the overall return she would obtain on her portfolio?

a given below
for a month. And, If you realized the return
month, Calculate the portfolio return?

a given below
he investment portfolio

e of the type of investors targeted by the portfolio.

pected return with its associated weight.

What is the Expected Ret
Expected Return formula is often calculated by applying the w
in the portfolio with their respective returns and then doing th
The formula of expected return for an Investment with var
calculated as a weighted average of all possible returns wh
Expected return = (p1 * r1) + (p2 * r2) + ………… + (pn * r
pi = Probability of each return
ri = Rate of return with different probability.
ected Return Formula?
ated by applying the weights of all the Investments
urns and then doing the sum total of results.
n Investment with various probable returns can be
l possible returns which is represented as below,
+ ………… + (pn * rn)
Calculate the Expected Return for the below

Economy Prob Returns

Good 25% 12%
Average 30% 10%
Bad 20% 2%
Worse 25% -5%

Expected Returns

Stdev of Returns

Economy Prob Returns

Good 25% 12%
Average 30% 10%
Bad 20% 2%
Worse 25% -5%
Variance
Expected Returns Mean
Stdev

Example
The share of ABC Ltd has the following returns associated wit

Returns % Probabilities
-20% 5%
-10% 10%
10% 20%
15% 25%
20% 20%
25% 15%
30% 5%
Calculate the expected Returns, Variance, Standard Deviation

Returns % ProbabiliPi *(Ret-Mean)^2

-20% 5% 0.545%
-10% 10% 0.529%
10% 20% 0.018%
15% 25% 0.010%
20% 20% 0.098%
25% 15% 0.216%
30% 5% 0.145%
(i) Expected Returns 13.00%
(ii) Variance 1.560%
(iii) Stdev 12.49%
(iv) Coefficient of Variation
Calculate the expected Return for the below

Scenario ProbabiliReturns
Worst 25% -5%
Moderate 25% 10%
Best 50% 20%
Expected Return
Using Sumproduct
e below

Pi*ri
3.00%
3.00%
0.40%
-1.25%
5.15% 5.15%
Sum of (Pi*ri)

Pi*(X-Mean)^2
0.1173%
0.0706%
0.0198%
0.2576%
0.4653%
5.15%
6.82%
ng returns associated with probabilities

ance, Standard Deviation of the returns, Coefficient of Variation

-Mean)^2
Prob * (Ret-Mean)^2

Mean
Variance
Stdev
Stdev/ Mean 0.960768922830523
e below

Pi. * Ri
-1.2500%
2.5000%
10.0000%
11.2500%
11.250%
Basics of Returns

Holding Period Return

Example
You bought 100 shares of PFC at Rs 112.00 last week
During the week you also received Rs 3 per share as dividend
Today you sold 100 shares at Rs 120 per share
Calculate the rate of return and annualized share if your hold

Returns Income from the asset

Dividend income per share
Selling Price
Purchase Price
Returns
Annualized Return

2) you bought IDBI Share at Rs 55 3 days back and sold it toda

Calculate the annualized returns
Returns
Annualized return

3) My portfolio initial investment is

Current value of investment is

calcualte my returns now

Investment period
annualized return

4) Abhi has invested Rs 250,000 in a bond portfolio

currently the portfolio value has come down to Rs 221,000 du
Abhi' investment period is 45 days so far.
Abhi has received Rs 12,500 as coupon during the period of in
Calculate the returns and annualized returns

Coupon income
Capital Loss
Returns
Annualized Returns

5) You are provided the following information about the year

and its dividends for the last 9 years.
Calculate total return for each year starting from 2008 in resp
that the year end price of a year becomes the beginning price
ie, year end price of 2007 is the beginning price for 2008 and

Year end price per

Year share Rs Dividends Rs
2015 260 2
2014 280 3
2013 200 5
2012 180 4
2011 190 3
2010 180 2
2009 170 2
2008 160 1
2007 150 1

6)
Mr X wants to calculate the average return of a share of RPL L
as on 31st December 2013.
The share price at the end of years(31st Dec) 2008,2009,2010
Rs 100, Rs 118, Rs 130 , Rs 120, Rs 140 and Rs 160.
The share did not pay any dividend over the years.
Calculate the average return of RPL Ltd share. Also interpret t

Solution
Year Share price Returns
2008 100
2009 118 18.00%
2010 130 10.17%
2011 120 -7.69%
2012 140 16.67%
2013 160 14.29%
10.29%

7)
The following data of a company's share with dividend in diffe
Year Share price Dividends
2008 100 0
2009 118 6
2010 130 5
2011 120 0
2012 140 10
2013 160 5

8)The following are the details of a stock returns year wise. C

Year Returns Deviation

 2001 18% 3.2400%
2002 16% 2.5600%
2003 14% 1.9600%
2004 12% 1.4400%
2005 10% 1.0000%
Average 14% 10.2000%
15.97%
Stdev formula 3.1623%
e as dividend

e if your holding period was 8 days

rom the asset +(Selling Price- Purchase Price)/ Purchase Price

3
120
112
9.82%
448.10%

nd sold it today at Rs 58 per share

 5.455%
663.64%

200,550
197,055

-1.743%
10days
-63.609%

Rs 221,000 due to increase in interest rate

he period of investment

12,500
-29000
-6.600%
-53.533%

bout the year end values of a share

m 2008 in respect of a share assuming
eginning price for the next year
for 2008 and so on.

Returns % Year wise

-6.429%
41.500%
13.889%
-3.158%
7.222%
7.059%
7.500%
7.333%

share of RPL Ltd, currently available at a price of Rs 160

08,2009,2010,2011,2012, and 2013 were

lso interpret the result

 Based on historical returns, average returns is 10.29%

vidend in different years

Capital Gains/Loss Returns

18 24.00%
12 14.41%
-10 -7.69%
20 25.00%
20 17.86%
Average Returns 14.71%

s year wise. Calculate the average returns and standard deviation.

d 8
No of days 365
d deviation.
The possible outcomes

State of
Economy
A
B
C
D
E

Calculate the following

(i) Expected Returns of
(ii) Variance and Standa
(iii) Coefficient of Variati
(iv) Advice which invest

State of
Economy
A
B
C
D
E

(i) Expected Return

 State of
Economy
A
B
C
D
E

Consider the returns of two securiti

Scenario Prob
A 30%
B 50%
C 20%
(i) Calculate the Expected Returns o
(ii) Calculate the Standard deviation
(iii) Calculate the Coefficient of Vari
(iv) Calcualte Covariance
(v) Calculate the Correlation coeffic

Scenario Prob
A 30%
B 50%
C 20%

Expected returns (Means

Variance
Standard Deviation (Sigma)

Scenario Prob
A 30%
B 50%
C 20%
Covariance (X,Y)

Correlation(X,Y)
sible outcomes in different states of economy are g

Prob Ret(X) Ret(Y)

10% -8% 14%
20% 10% -4%
40% 8% 6%
20% 5% 15%
10% -4% 20%

e the following
cted Returns of Investments X, Y
ance and Standard Deviation of X, Y
fficient of Variation of X, Y
ice which investment is better in terms of Risk and

Prob Ret(X) Ret(Y)

10% -8% 14%
20% 10% -4%
40% 8% 6%
20% 5% 15%
10% -4% 20%
X
cted Return 5.000% 8.000%
 Prob Ret(X) Pi*(Ret-Mean)^2
10% -8% 0.169%
20% 10% 0.050%
40% 8% 0.036%
20% 5% 0.000%
10% -4% 0.081%
VAR(X) 0.00336
STDEV(X) 5.80%
Coeff. Of Variation ( 1.16

Y is better in terms of returns but X is better in

In terms of coefficient of variation, Y is definite
The coefficient of variation shows the risk-retu

s of two securities as below

 Ret(X) Ret(Y)
20% 12%
15% 15%
10% 18%
ected Returns of the both the securities
andard deviation of the two securities
oefficient of Variation of the two securities
ance
rrelation coefficient
X

Ret(X) Ret(Y) Pi*(Ret-mean(x))^2

20% 12% #VALUE!
 15% 15% #VALUE!
10% 18% #VALUE!
E(X) E(Y)
15.50% 14.70%
#VALUE!
(Sigma) #VALUE!

Ret(X) Ret(Y) Pi*(Ret(x)-Mean(x)*(Ret(y)-

20% 12% #VALUE!
15% 15% #VALUE!
10% 18% #VALUE!
#VALUE!

#VALUE!
nomy are given below
of Risk and Returns

Y
 State of
Economy Prob
A 10%
B 20%
C 40%
D 20%
E 10%
VAR(Y)
Sigma STDEV(Y)
Coeff. Of Variation (Y)

is better in terms of risk if we measure returns usin

Y is definitely better than X for investment.
he risk-return tradeoff is better in Y as the volatility
Y

Pi*(R
et-
mea
n(x))
^2
0%
 1%
1%

###
###

(x)*(Ret(y)-Mean(Y)
 Ret(Y) Pi*(Ret-Mean)^2
14% 0.036%
-4% 0.288%
6% 0.016%
15% 0.098%
20% 0.144%
0.582%
7.629%
Variation (Y) 0.95

ure returns using standard deviation.

tment.
as the volatility is lower for Y in comparison to the a
on to the amount of return expected from the inves
om the investments.
Date SBIN HDFC BANK
12/22/2021 448.845276 1428.589722
12/23/2021 454.703827 1427.502319
12/24/2021 449.928375 1422.362183
12/27/2021 451.011444 1434.125488
12/28/2021 454.113068 1444.010498
12/29/2021 447.417542 1437.140259
12/30/2021 444.759033 1444.702393
12/31/2021 453.374603 1462.396729
1/3/2022 463.565521 1502.184082
1/4/2022 476.070374 1510.981812
1/5/2022 484.833618 1546.864502
1/6/2022 484.144409 1522.053101
1/7/2022 483.701294 1532.729004
1/10/2022 495.910736 1541.230103
1/11/2022 498.175415 1547.902588
1/12/2022 502.409332 1538.758789
1/13/2022 503.492432 1510.43811
1/14/2022 500.538544 1527.390991
1/17/2022 506.101715 1504.012817
1/18/2022 499.012329 1511.673706
1/19/2022 507.874054 1500.997803
1/20/2022 503.541656 1491.656494
1/21/2022 494.975372 1504.111694
1/24/2022 486.556732 1469.563354
1/25/2022 506.74176 1470.947266
1/27/2022 520.822021 1457.997803
1/28/2022 515.406494 1446.432251
1/31/2022 530.02832 1468.624268
2/1/2022 524.120483 1479.794434
2/2/2022 531.505249 1513.601318
2/3/2022 531.800659 1497.933472
2/4/2022 522.151245 1506.484131
2/7/2022 525.055908 1451.276001
2/8/2022 523.185059 1445.04834
2/9/2022 527.025208 1480.387451
2/10/2022 532.243713 1507.571411
2/11/2022 521.461975 1501.393188
2/14/2022 493.695313 1456.762207
2/15/2022 516.735718 1500.355347
2/16/2022 508.760223 1498.328857
2/17/2022 505.067871 1489.185181
2/18/2022 507.381714 1494.967896
2/21/2022 503.984772 1504.605835
2/22/2022 490.741425 1493.336914
2/23/2022 491.036835 1483.649658
2/24/2022 465.387115 1403.086304
2/25/2022 475.528839 1439.364502
2/28/2022 475.774994 1409.857544
3/2/2022 466.962524 1358.4552
3/3/2022 460.217773 1355.242554
 3/4/2022 454.851532 1350.794312
3/7/2022 433.53421 1309.573608
3/8/2022 433.53421 1312.539185
3/9/2022 444.759033 1355.390869
3/10/2022 461.497833 1376.693115
3/11/2022 463.122467 1380.746094
3/14/2022 477.695038 1425.970215
3/15/2022 478.384277 1407.633423
3/16/2022 485.178253 1431.505859
3/17/2022 494.187653 1463.039307
3/21/2022 483.061279 1469.415039
3/22/2022 486.113647 1476.977173
3/23/2022 483.110504 1462.248413
3/24/2022 479.615082 1426.069092
3/25/2022 483.15976 1414.454102
3/28/2022 489.855255 1416.332275
3/29/2022 487.393677 1435.113892
3/30/2022 486.704407 1459.974854
3/31/2022 485.965942 1453.450684
4/1/2022 500.390839 1488.690918
4/4/2022 504.526337 1637.757813
4/5/2022 501.572388 1589.765747
4/6/2022 506.05249 1533.025513
4/7/2022 507.03714 1499.317383
4/8/2022 508.169434 1497.241577
4/11/2022 506.987915 1478.954224
4/12/2022 504.96936 1476.334595
4/13/2022 509.744873 1448.112671
4/18/2022 501.670868 1379.411499
4/19/2022 503.935516 1326.77356
4/20/2022 501.473938 1338.734497
4/21/2022 508.366364 1358.554077
4/22/2022 492.907623 1340.019531
4/25/2022 487.147522 1350.052856
4/26/2022 497.73233 1356.280518
4/27/2022 489.6091 1356.77478
4/28/2022 499.701599 1355.588501
4/29/2022 488.673676 1368.686279
5/2/2022 483.455139 1387.56665
5/4/2022 472.279541 1340.414917
5/5/2022 472.624176 1337.400024
5/6/2022 476.513489 1302.456299
5/9/2022 468.587158 1304.68042
5/10/2022 467.897949 1325.636841
5/11/2022 469.227173 1333.099976
5/12/2022 455.540771 1303.050049
5/13/2022 437.817352 1291.349976
5/16/2022 448.008331 1305.099976
5/17/2022 460.119324 1314
5/18/2022 450.962219 1313.900024
5/19/2022 440.623566 1287.050049
5/20/2022 455.294617 1320.949951
5/23/2022 453.817657 1304
5/24/2022 454.949982 1318.949951
5/25/2022 454.100006 1328.800049
5/26/2022 468.899994 1366.699951
5/27/2022 468.950012 1392.050049
5/30/2022 474.600006 1401.550049
5/31/2022 468.100006 1388.949951
6/1/2022 468.299988 1394.849976
6/2/2022 469.850006 1385.099976
6/3/2022 464.5 1380.300049
6/6/2022 463.700012 1378.449951
6/7/2022 463.399994 1362.599976
6/8/2022 471.299988 1367.400024
6/9/2022 466.950012 1377.699951
6/10/2022 461.850006 1351.099976
6/13/2022 445.850006 1326.599976
6/14/2022 448.100006 1312
6/15/2022 451.350006 1307.449951
6/16/2022 441.600006 1281.300049
6/17/2022 441 1289.75
6/20/2022 434.700012 1322.150024
6/21/2022 450.75 1336.550049
6/22/2022 447.649994 1330.25
6/23/2022 451.399994 1335.150024
6/24/2022 454.25 1353.800049
6/27/2022 461.200012 1356.25
6/28/2022 464.25 1345.900024
6/29/2022 459.100006 1343.949951
6/30/2022 465.899994 1348
7/1/2022 466.850006 1353.75
7/4/2022 473.450012 1355.650024
7/5/2022 472.149994 1352.599976
7/6/2022 479.950012 1371.25
7/7/2022 486.75 1395.800049
7/8/2022 488.549988 1397.099976
7/11/2022 488.200012 1406.150024
7/12/2022 484.950012 1391.800049
7/13/2022 486.5 1357.849976
7/14/2022 479.350006 1351.050049
7/15/2022 479.100006 1362.050049
7/18/2022 490.299988 1347.550049
7/19/2022 497.950012 1348.050049
7/20/2022 508.600006 1365.050049
7/21/2022 512.049988 1360.75
7/22/2022 513.700012 1392.5
7/25/2022 517.799988 1396.599976
7/26/2022 514.200012 1393.75
7/27/2022 528.200012 1404.400024
7/28/2022 532.450012 1416.849976
7/29/2022 528.349976 1434.199951
8/1/2022 533.75 1446.150024
8/2/2022 542.099976 1430.25
 8/3/2022 540.849976 1433.599976
8/4/2022 533.25 1431.900024
8/5/2022 531.049988 1427.050049
8/8/2022 520.400024 1462.050049
8/10/2022 514.700012 1466.300049
8/11/2022 524.75 1485.699951
8/12/2022 530.700012 1485.150024
8/16/2022 525.950012 1502.150024
8/17/2022 528.150024 1509.900024
8/18/2022 532.349976 1511.699951
8/19/2022 520.349976 1493.050049
8/22/2022 511.299988 1470.349976
8/23/2022 521.900024 1465.800049
8/24/2022 519.299988 1472.849976
8/25/2022 520.400024 1464.849976
8/26/2022 523.799988 1465.099976
8/29/2022 514.849976 1439.400024
8/30/2022 531.25 1486.099976
9/1/2022 533.299988 1472.150024
9/2/2022 536.700012 1485.5
9/5/2022 538.900024 1495.050049
9/6/2022 537.799988 1489.349976
9/7/2022 532.849976 1482.300049
9/8/2022 544.650024 1497.599976
9/9/2022 553.349976 1498.599976
9/12/2022 554.900024 1493.550049
 9/13/2022 558 1513.099976
9/14/2022 571.75 1528.650024
9/15/2022 572.150024 1520.699951
9/16/2022 561.799988 1492.75
9/19/2022 572.25 1502.599976
9/20/2022 574.049988 1520.699951
9/21/2022 569.700012 1518.349976
9/22/2022 567.299988 1486
9/23/2022 550.599976 1446.150024
9/26/2022 543.299988 1426.650024
9/27/2022 536.5 1413.849976
9/28/2022 524.849976 1389.550049
9/29/2022 521.75 1382.349976
9/30/2022 530.599976 1421.349976
10/3/2022 519.75 1413.199951
10/4/2022 532.700012 1453
10/6/2022 537.299988 1437
10/7/2022 530.200012 1430.800049
10/10/2022 530.75 1415
10/11/2022 527.400024 1400.650024
10/12/2022 533.799988 1409.800049
10/13/2022 521.450012 1393.599976
10/14/2022 527.200012 1439
10/17/2022 543.650024 1446.550049
10/18/2022 562.450012 1443.849976
10/19/2022 553.400024 1458.650024
10/20/2022 555.400024 1448.800049
10/21/2022 560.849976 1438.599976
10/24/2022 570.5 1461.050049
10/25/2022 578.549988 1450.900024
10/27/2022 579.650024 1454.400024
10/28/2022 570.75 1458.699951
10/31/2022 573.799988 1496.699951
11/1/2022 576.900024 1513.25
11/2/2022 573.849976 1514.199951
11/3/2022 584.900024 1507.550049
11/4/2022 593.950012 1497.150024
11/7/2022 614.150024 1508.800049
11/9/2022 615.549988 1508.349976
11/10/2022 605.75 1524.75
11/11/2022 601.299988 1611.150024
11/14/2022 592.549988 1615.050049
11/15/2022 600.849976 1619
11/16/2022 599.75 1632.900024
11/17/2022 599.049988 1618.150024
11/18/2022 602.700012 1613.900024
11/21/2022 598.099976 1597.349976
11/22/2022 599.099976 1595
11/23/2022 607.650024 1599.150024
11/24/2022 609.349976 1625.150024
11/25/2022 607.400024 1617.650024
11/28/2022 608.599976 1600.25
11/29/2022 608.549988 1597.849976
11/30/2022 602.450012 1608.449951
12/1/2022 608.099976 1619.5
12/2/2022 607.549988 1607.099976
12/5/2022 617.299988 1612.949951
12/6/2022 608.950012 1611.150024
12/7/2022 607.049988 1610.449951
12/8/2022 611.650024 1619.5
12/9/2022 616.5 1631.050049
12/12/2022 613.049988 1643.75
12/13/2022 616.75 1648.300049
12/14/2022 625.5 1662.25
12/15/2022 615.950012 1631.800049
12/16/2022 603.349976 1639.650024
12/19/2022 604.450012 1644.75
12/20/2022 604.450012 1633.400024
12/21/2022 593.400024 1617.599976
12/22/2022 592.00 1618.349976
 RETURNS
NIFTY BANK SBIN HDFC BANK
35029.5
35191.148438 1.305% -0.076%
34857.050781 -1.050% -0.360%
35057.898438 0.241% 0.827%
35183.800781 0.688% 0.689%
35045.398438 -1.474% -0.476%
35063.601563 -0.594% 0.526%
35481.699219 1.937% 1.225%
36421.898438 2.248% 2.721%
36840.148438 2.698% 0.586%
37695.898438 1.841% 2.375%
37490.25 -0.142% -1.604%
37739.601563 -0.092% 0.701%
38347.898438 2.524% 0.555%
38442.199219 0.457% 0.433%
38727.550781 0.850% -0.591%
38469.949219 0.216% -1.840%
38370.398438 -0.587% 1.122%
38216.148438 1.111% -1.531%
38210.300781 -1.401% 0.509%
38041.351563 1.776% -0.706%
37850.851563 -0.853% -0.622%
37574.300781 -1.701% 0.835%
36947.550781 -1.701% -2.297%
 37706.75 4.149% 0.094%
37982.101563 2.779% -0.880%
37689.398438 -1.040% -0.793%
37975.351563 2.837% 1.534%
38505.5 -1.115% 0.761%
39330.5 1.409% 2.285%
39010 0.056% -1.035%
38789.351563 -1.814% 0.571%
37995.449219 0.556% -3.665%
38028.449219 -0.356% -0.429%
38610.25 0.734% 2.446%
39010.949219 0.990% 1.836%
38517.25 -2.026% -0.410%
36908.550781 -5.325% -2.973%
38170.101563 4.667% 2.992%
37953.800781 -1.543% -0.135%
37531.648438 -0.726% -0.610%
37599.148438 0.458% 0.388%
37685.601563 -0.670% 0.645%
37371.648438 -2.628% -0.749%
37392.050781 0.060% -0.649%
35228.101563 -5.224% -5.430%
36430.75 2.179% 2.586%
36205.300781 0.052% -2.050%
35372.800781 -1.852% -3.646%
34944.300781 -1.444% -0.236%
34407.800781 -1.166% -0.328%
32871.25 -4.687% -3.052%
33158.101563 0.000% 0.226%
33815.449219 2.589% 3.265%
34475.601563 3.764% 1.572%
34546.25 0.352% 0.294%
35312.148438 3.147% 3.275%
35022.648438 0.144% -1.286%
35748.25 1.420% 1.696%
36428.550781 1.857% 2.203%
36018.5 -2.251% 0.436%
36348.550781 0.632% 0.515%
36147.351563 -0.618% -0.997%
35527.101563 -0.724% -2.474%
35410.101563 0.739% -0.814%
35710.5 1.386% 0.133%
35847.398438 -0.503% 1.326%
36334.300781 -0.141% 1.732%
36373.601563 -0.152% -0.447%
37148.5 2.968% 2.425%
38635.199219 0.826% 10.013%
38067.898438 -0.585% -2.930%
37632.800781 0.893% -3.569%
37557.351563 0.195% -2.199%
37752.050781 0.223% -0.138%
37613.800781 -0.233% -1.221%
37747.398438 -0.398% -0.177%
37463.398438 0.946% -1.912%
36729 -1.584% -4.744%
36341.601563 0.451% -3.816%
36314.898438 -0.488% 0.902%
36816.101563 1.374% 1.480%
36044.75 -3.041% -1.364%
36082.351563 -1.169% 0.749%
36404.800781 2.173% 0.461%
36028.851563 -1.632% 0.036%
36422.199219 2.061% -0.087%
36088.148438 -2.207% 0.966%
36163.75 -1.068% 1.379%
35264.550781 -2.312% -3.398%
35232.851563 0.073% -0.225%
34591.199219 0.823% -2.613%
34275.398438 -1.663% 0.171%
34482.648438 -0.147% 1.606%
34693.148438 0.284% 0.563%
33532.148438 -2.917% -2.254%
33121.351563 -3.891% -0.898%
33597.601563 2.328% 1.065%
34301.898438 2.703% 0.682%
34163.699219 -1.990% -0.008%
33315.648438 -2.293% -2.044%
34276.398438 3.330% 2.634%
34247.601563 -0.324% -1.283%
34290.148438 0.250% 1.146%
34339.5 -0.187% 0.747%
35094.898438 3.259% 2.852%
35613.300781 0.011% 1.855%
35826.949219 1.205% 0.682%
35487.398438 -1.370% -0.899%
35620.800781 0.043% 0.425%
35613.648438 0.331% -0.699%
35275.050781 -1.139% -0.347%
35310.199219 -0.172% -0.134%
34996 -0.065% -1.150%
34946.148438 1.705% 0.352%
35085.449219 -0.923% 0.753%
34483.800781 -1.092% -1.931%
33405.851563 -3.464% -1.813%
33311.351563 0.505% -1.101%
33339 0.725% -0.347%
32617.099609 -2.160% -2.000%
32743.050781 -0.136% 0.659%
32684.800781 -1.429% 2.512%
33191.75 3.692% 1.089%
32845.300781 -0.688% -0.471%
33135 0.838% 0.368%
33627.449219 0.631% 1.397%
33811.25 1.530% 0.181%
33642.449219 0.661% -0.763%
33269.898438 -1.109% -0.145%
33425.101563 1.481% 0.301%
33539.449219 0.204% 0.427%
33940.898438 1.414% 0.140%
33815.898438 -0.275% -0.225%
34324.25 1.652% 1.379%
34920.300781 1.417% 1.790%
35124.050781 0.370% 0.093%
35469.648438 -0.072% 0.648%
35132.25 -0.666% -1.021%
34827.800781 0.320% -2.439%
34651.199219 -1.470% -0.501%
34682.648438 -0.052% 0.814%
35358.699219 2.338% -1.065%
35720.351563 1.560% 0.037%
35972.101563 2.139% 1.261%
36201 0.678% -0.315%
36738.949219 0.322% 2.333%
36726.398438 0.798% 0.294%
36408.5 -0.695% -0.204%
36783.75 2.723% 0.764%
37378.148438 0.805% 0.886%
37491.398438 -0.770% 1.225%
37903.199219 1.022% 0.833%
38024 1.564% -1.099%
 37989.25 -0.231% 0.234%
37755.550781 -1.405% -0.119%
37920.601563 -0.413% -0.339%
38237.398438 -2.005% 2.453%
38287.851563 -1.095% 0.291%
38879.851563 1.953% 1.323%
39042.300781 1.134% -0.037%
39239.648438 -0.895% 1.145%
39461.699219 0.418% 0.516%
39656.148438 0.795% 0.119%
38985.949219 -2.254% -1.234%
38297.75 -1.739% -1.520%
38697.648438 2.073% -0.309%
39038.5 -0.498% 0.481%
38950.75 0.212% -0.543%
38987.148438 0.653% 0.017%
38276.699219 -1.709% -1.754%
39536.75 3.185% 3.244%
39301.25 0.386% -0.939%
39421 0.638% 0.907%
39805.75 0.410% 0.643%
39666.5 -0.204% -0.381%
39455.898438 -0.920% -0.473%
40208.949219 2.215% 1.032%
40415.699219 1.597% 0.067%
40574 0.280% -0.337%
40873.101563 0.559% 1.309%
41405.398438 2.464% 1.028%
41209.199219 0.070% -0.520%
40776.800781 -1.809% -1.838%
40904.398438 1.860% 0.660%
41468.300781 0.315% 1.205%
41203.449219 -0.758% -0.155%
40630.601563 -0.421% -2.131%
39546.25 -2.944% -2.682%
38616.25 -1.326% -1.348%
38359.148438 -1.252% -0.897%
37759.851563 -2.171% -1.719%
37647.75 -0.591% -0.518%
38631.949219 1.696% 2.821%
38029.648438 -2.045% -0.573%
39110.050781 2.492% 2.816%
39282.851563 0.864% -1.101%
39178.050781 -1.321% -0.431%
39093.101563 0.104% -1.104%
38712.449219 -0.631% -1.014%
39118.550781 1.213% 0.653%
38624 -2.314% -1.149%
39305.601563 1.103% 3.258%
39920.449219 3.120% 0.525%
40318.75 3.458% -0.187%
40373.199219 -1.609% 1.025%
40099.550781 0.361% -0.675%
40784.050781 0.981% -0.704%
41304.898438 1.721% 1.561%
41122.75 1.411% -0.695%
41299.300781 0.190% 0.241%
40990.851563 -1.535% 0.296%
41307.898438 0.534% 2.605%
41289.550781 0.540% 1.106%
41146.648438 -0.529% 0.063%
41298.351563 1.926% -0.439%
41258.449219 1.547% -0.690%
41686.699219 3.401% 0.778%
41783.199219 0.228% -0.030%
41603.75 -1.592% 1.087%
42137.050781 -0.735% 5.667%
42076.75 -1.455% 0.242%
42372.699219 1.401% 0.245%
42535.300781 -0.183% 0.859%
42458.050781 -0.117% -0.903%
42437.449219 0.609% -0.263%
42346.550781 -0.763% -1.025%
42457.050781 0.167% -0.147%
42729.101563 1.427% 0.260%
43075.398438 0.280% 1.626%
42983.949219 -0.320% -0.461%
43020.449219 0.198% -1.076%
43053.449219 -0.008% -0.150%
43231 -1.002% 0.663%
43260.648438 0.938% 0.687%
43103.75 -0.090% -0.766%
43332.949219 1.605% 0.364%
43138.550781 -1.353% -0.112%
43098.699219 -0.312% -0.043%
43596.851563 0.758% 0.562%
43633.449219 0.793% 0.713%
43708.75 -0.560% 0.779%
43946.550781 0.604% 0.277%
44049.101563 1.419% 0.846%
43498.199219 -1.527% -1.832%
43219.5 -2.046% 0.481%
43413.75 0.182% 0.311%
43359.5 0.000% -0.690%
42617.949219 -1.828% -0.967%
42387.351563 -0.236% 0.046%
NS
NIFTY BANK
AVERAGE DAILY RET
0.461%ANNUAL RETURNS
-0.949%VARIANCE
0.576%STANDARD DEVIATION
0.359%
-0.393%ANNUAL STDEV
0.052%
1.192%
2.650%
1.148%
2.323%
-0.546%
0.665%
1.612%
0.246%
0.742%
-0.665%
-0.259%
-0.402%
-0.015%
-0.442%
-0.501%
-0.731%
-1.668%
 2.055%
0.730%
-0.771%
0.759%
1.396%
2.143%
-0.815%
-0.566%
-2.047%
0.087%
1.530%
1.038%
-1.266%
-4.177%
3.418%
-0.567%
-1.112%
0.180%
0.230%
-0.833%
0.055%
-5.787%
3.414%
-0.619%
-2.299%
-1.211%
-1.535%
-4.466%
0.873%
1.982%
1.952%
0.205%
2.217%
-0.820%
2.072%
1.903%
-1.126%
0.916%
-0.554%
-1.716%
-0.329%
0.848%
0.383%
1.358%
0.108%
2.130%
4.002%
-1.468%
-1.143%
-0.200%
0.518%
-0.366%
 0.355%
-0.752%
-1.960%
-1.055%
-0.073%
1.380%
-2.095%
0.104%
0.894%
-1.033%
1.092%
-0.917%
0.209%
-2.486%
-0.090%
-1.821%
-0.913%
0.605%
0.610%
-3.346%
-1.225%
1.438%
2.096%
-0.403%
-2.482%
2.884%
-0.084%
0.124%
0.144%
2.200%
1.477%
0.600%
-0.948%
0.376%
-0.020%
-0.951%
0.100%
-0.890%
-0.142%
0.399%
-1.715%
-3.126%
-0.283%
0.083%
-2.165%
0.386%
-0.178%
1.551%
-1.044%
0.882%
1.486%
0.547%
-0.499%
-1.107%
0.466%
0.342%
1.197%
-0.368%
1.503%
1.737%
0.583%
0.984%
-0.951%
-0.867%
-0.507%
0.091%
1.949%
1.023%
0.705%
0.636%
1.486%
-0.034%
-0.866%
1.031%
1.616%
0.303%
1.098%
0.319%
-0.091%
-0.615%
0.437%
0.835%
0.132%
1.546%
0.418%
0.505%
0.566%
0.493%
-1.690%
-1.765%
1.044%
0.881%
-0.225%
0.093%
-1.822%
3.292%
-0.596%
0.305%
0.976%
-0.350%
-0.531%
1.909%
0.514%
0.392%
 0.737%
1.302%
-0.474%
-1.049%
0.313%
1.379%
-0.639%
-1.390%
-2.669%
-2.352%
-0.666%
-1.562%
-0.297%
2.614%
-1.559%
2.841%
0.442%
-0.267%
-0.217%
-0.974%
1.049%
-1.264%
1.765%
1.564%
0.998%
0.135%
-0.678%
1.707%
1.277%
-0.441%
0.429%
-0.747%
0.773%
-0.044%
-0.346%
0.369%
-0.097%
1.038%
0.231%
-0.429%
1.282%
-0.143%
0.703%
0.384%
-0.182%
-0.049%
-0.214%
0.261%
0.641%
0.810%
-0.212%
0.085%
 0.077%
0.412%
0.069%
-0.363%
0.532%
-0.449%
-0.092%
1.156%
0.084%
0.173%
0.544%
0.233%
-1.251%
-0.641%
0.449%
-0.125%
-1.710%
-0.541%
 0.124% 0.063% 0.085%
31.076% 15.729% 21.325%
0.026% 0.026% 0.017%
1.619% 1.610% 1.319%
1.619% 1.610% 1.319%
25.605% 25.459% 20.862%