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Date

1-Jan-09
2-Feb-09
2-Mar-09
1-Apr-09
4-May-09
1-Jun-09
1-Jul-09
3-Aug-09
1-Sep-09
1-Oct-09
3-Nov-09
1-Dec-09
4-Jan-10
1-Feb-10
2-Mar-10
1-Apr-10
3-May-10
1-Jun-10
1-Jul-10
2-Aug-10
1-Sep-10
1-Oct-10
1-Nov-10
1-Dec-10
3-Jan-11
1-Feb-11
1-Mar-11
1-Apr-11
2-May-11
1-Jun-11
1-Jul-11
1-Aug-11
2-Sep-11
3-Oct-11
1-Nov-11
1-Dec-11
2-Jan-12
1-Feb-12
1-Mar-12
2-Apr-12
2-May-12
1-Jun-12
2-Jul-12

Close for
Pfizer
Limited
508.35
516.45
503.05
582.55
718.75
786.25
820.85
781.6
805.05
870.3
890.15
963.25
942.6
883.4
929.1
1002.25
1019.25
1049.95
1138.05
1162.1
1113.5
1108.65
1128.35
1052.95
1151.2
1219.1
1210.45
1238.3
1321.1
1265.75
1461.15
1532.15
1429.95
1334.25
1331.2
1173.55
1094.8
1179.75
1222.65
1200.2
1301.8
1109.25
1213.05

Return Pfizer
Limited
1.59%
-2.59%
15.80%
23.38%
9.39%
4.40%
-4.78%
3.00%
8.11%
2.28%
8.21%
-2.14%
-6.28%
5.17%
7.87%
1.70%
3.01%
8.39%
2.11%
-4.18%
-0.44%
1.78%
-6.68%
9.33%
5.90%
-0.71%
2.30%
6.69%
-4.19%
15.44%
4.86%
-6.67%
-6.69%
-0.23%
-11.84%
-6.71%
7.76%
3.64%
-1.84%
8.47%
-14.79%
9.36%

x-x'
101.59%
97.41%
115.80%
123.38%
109.39%
104.40%
95.22%
103.00%
108.11%
102.28%
108.21%
97.86%
93.72%
105.17%
107.87%
101.70%
103.01%
108.39%
102.11%
95.82%
99.56%
101.78%
93.32%
109.33%
105.90%
99.29%
102.30%
106.69%
95.81%
115.44%
104.86%
93.33%
93.31%
99.77%
88.16%
93.29%
107.76%
103.64%
98.16%
108.47%
85.21%
109.36%

(x-x')^2
0.002
-0.040
0.144
0.220
0.080
0.030
-0.062
0.016
0.067
0.009
0.068
-0.035
-0.077
0.038
0.065
0.003
0.016
0.070
0.007
-0.056
-0.018
0.004
-0.081
0.080
0.045
-0.021
0.009
0.053
-0.056
0.141
0.035
-0.081
-0.081
-0.016
-0.132
-0.081
0.064
0.023
-0.032
0.071
-0.162
0.080

0.000
0.002
0.021
0.048
0.006
0.001
0.004
0.000
0.005
0.000
0.005
0.001
0.006
0.001
0.004
0.000
0.000
0.005
0.000
0.003
0.000
0.000
0.006
0.006
0.002
0.000
0.000
0.003
0.003
0.020
0.001
0.006
0.007
0.000
0.017
0.007
0.004
0.001
0.001
0.005
0.026
0.006

y-y'

(x-x')(y-y')
-0.060
0.103
0.136
-0.043
-0.102
0.080
0.005
0.185
-0.014
0.061
0.030
-0.029
0.039
0.163
-0.124
0.058
0.072
-0.010
-0.005
0.145
0.043
-0.789
0.083
-0.092
-0.040
0.044
0.051
0.024
0.042
0.040
-0.057
-0.056
0.090
0.041
-0.054
0.101
0.002
0.034
0.057
-0.061
0.120
0.027

0.000
-0.004
0.020
-0.009
-0.008
0.002
0.000
0.003
-0.001
0.001
0.002
0.001
-0.003
0.006
-0.008
0.000
0.001
-0.001
0.000
-0.008
-0.001
-0.003
-0.007
-0.007
-0.002
-0.001
0.000
0.001
-0.002
0.006
-0.002
0.005
-0.007
-0.001
0.007
-0.008
0.000
0.001
-0.002
-0.004
-0.019
0.002

1-Aug-12
3-Sep-12
1-Oct-12
1-Nov-12
3-Dec-12
1-Jan-13
1-Feb-13
1-Mar-13
1-Apr-13
2-May-13
3-Jun-13
1-Jul-13
1-Aug-13
2-Sep-13
1-Oct-13
1-Nov-13
2-Dec-13
1-Jan-14

1224.35
1291.8
1240.3
1138
1167.3
1196.05
1155.2
1057.05
1077.4
1052.45
1036.45
1075.9
1058.95
1033.1
1054.4
1076
1715.9
1156.7

0.93%
5.51%
-3.99%
-8.25%
2.57%
2.46%
-3.42%
-8.50%
1.93%
-2.32%
-1.52%
3.81%
-1.58%
-2.44%
2.06%
2.05%
59.47%
-32.59%

Geometric Mean
Standard Deviation
Annual

100.93%
105.51%
96.01%
91.75%
102.57%
102.46%
96.58%
91.50%
101.93%
97.68%
98.48%
103.81%
98.42%
97.56%
102.06%
102.05%
159.47%
67.41%

0.013797
0.11046
0.382646

Covariance

Sun Pharma
Dr. Reddys Lab
CIPLA

-0.00117
0.002117
-0.00066

corelation

Sun Pharma
Dr. Reddys Lab
CIPLA

-0.08284
0.259806
-0.08723

-0.004
0.041
-0.054
-0.096
0.012
0.011
-0.048
-0.099
0.005
-0.037
-0.029
0.024
-0.030
-0.038
0.007
0.007
0.581
-0.340

0.000
0.002
0.003
0.009
0.000
0.000
0.002
0.010
0.000
0.001
0.001
0.001
0.001
0.001
0.000
0.000
0.337
0.115
0.720

0.16556297

0.022
0.040
-0.003
0.022
0.036
-0.026
0.116
0.020
0.160
0.097
-0.032
0.117
-0.079
0.137
0.025
-0.062
-0.009
0.008

0.000
0.002
0.000
-0.002
0.000
0.000
-0.006
-0.002
0.001
-0.004
0.001
0.003
0.002
-0.005
0.000
0.000
-0.005
-0.003
-0.069

z-z'

(x-x')(z-z') p-p'
-0.069
-0.140
0.180
0.149
0.092
0.209
0.006
-0.065
0.185
0.058
0.078
-0.031
-0.045
-0.018
0.084
-0.048
0.105
-0.003
-0.087
-0.019
0.056
0.102
0.029
-0.088
-0.065
-0.045
-0.006
0.018
-0.077
-0.080
0.020
-0.086
-0.060
0.074
-0.068
-0.013
0.039
-0.034
0.014
-0.016
-0.091
-0.032

0.000
0.006
0.026
0.033
0.007
0.006
0.000
-0.001
0.012
0.001
0.005
0.001
0.003
-0.001
0.005
0.000
0.002
0.000
-0.001
0.001
-0.001
0.000
-0.002
-0.007
-0.003
0.001
0.000
0.001
0.004
-0.011
0.001
0.007
0.005
-0.001
0.009
0.001
0.003
-0.001
0.000
-0.001
0.015
-0.003

(x-x')(p-p')
-0.015
0.137
0.087
-0.095
0.129
0.076
-0.031
0.019
-0.003
0.122
0.038
0.005
-0.088
0.058
0.002
-0.083
0.049
-0.048
-0.083
0.051
0.083
-0.040
0.065
-0.114
-0.110
0.061
-0.050
0.041
0.003
-0.086
-0.098
-0.009
0.038
0.098
-0.037
0.082
-0.107
-0.050
0.010
-0.019
0.009
0.057

0.000
-0.005
0.013
-0.021
0.010
0.002
0.002
0.000
0.000
0.001
0.003
0.000
0.007
0.002
0.000
0.000
0.001
-0.003
-0.001
-0.003
-0.001
0.000
-0.005
-0.009
-0.005
-0.001
0.000
0.002
0.000
-0.012
-0.003
0.001
-0.003
-0.002
0.005
-0.007
-0.007
-0.001
0.000
-0.001
-0.001
0.005

-0.033
-0.008
-0.043
0.043
0.009
-0.026
0.031
-0.133
0.020
0.072
0.022
0.043
-0.022
-0.027
0.026
-0.002
-0.018
-0.013

0.000
0.000
0.002
-0.004
0.000
0.000
-0.001
0.013
0.000
-0.003
-0.001
0.001
0.001
0.001
0.000
0.000
-0.010
0.004
0.125

0.099
-0.003
-0.057
0.129
-0.013
-0.030
-0.128
0.043
0.055
-0.098
0.045
0.009
0.029
0.025
-0.057
-0.066
0.012
-0.010

0.000
0.000
0.003
-0.012
0.000
0.000
0.006
-0.004
0.000
0.004
-0.001
0.000
-0.001
-0.001
0.000
0.000
0.007
0.003
-0.039

Date
1-Jan-09
2-Feb-09
2-Mar-09
1-Apr-09
1-May-09
1-Jun-09
1-Jul-09
3-Aug-09
1-Sep-09
1-Oct-09
2-Nov-09
1-Dec-09
4-Jan-10
1-Feb-10
1-Mar-10
1-Apr-10
3-May-10
1-Jun-10
1-Jul-10
2-Aug-10
1-Sep-10
1-Oct-10
1-Nov-10
1-Dec-10
3-Jan-11
1-Feb-11
1-Mar-11
1-Apr-11
2-May-11
1-Jun-11
1-Jul-11
1-Aug-11
2-Sep-11
3-Oct-11
1-Nov-11
1-Dec-11
2-Jan-12
1-Feb-12
1-Mar-12
2-Apr-12
2-May-12
1-Jun-12
2-Jul-12
1-Aug-12
3-Sep-12

Close for Sun Pharma


536.5
505.12
557.55
634
607.5
545.97
590
593.53
704.08
695
738
761
740.08
769.85
896
785.6
832.08
892.55
884.3
881.2
1010.25
1055.03
223.77
242.48
220.43
211.75
221.25
232.88
238.73
248.95
259.1
244.7
231.25
252.23
262.75
248.82
274.25
275.2
284.98
301.55
283.48
317.9
326.8
334.2
347.77

Return Sun Pharma


-5.85%
10.38%
13.71%
-4.18%
-10.13%
8.06%
0.60%
18.63%
-1.29%
6.19%
3.12%
-2.75%
4.02%
16.39%
-12.32%
5.92%
7.27%
-0.92%
-0.35%
14.64%
4.43%
-78.79%
8.36%
-9.09%
-3.94%
4.49%
5.26%
2.51%
4.28%
4.08%
-5.56%
-5.50%
9.07%
4.17%
-5.30%
10.22%
0.35%
3.55%
5.81%
-5.99%
12.14%
2.80%
2.26%
4.06%

x-x'
94.15%
110.38%
113.71%
95.82%
89.87%
108.06%
100.60%
118.63%
98.71%
106.19%
103.12%
97.25%
104.02%
116.39%
87.68%
105.92%
107.27%
99.08%
99.65%
114.64%
104.43%
21.21%
108.36%
90.91%
96.06%
104.49%
105.26%
102.51%
104.28%
104.08%
94.44%
94.50%
109.07%
104.17%
94.70%
110.22%
100.35%
103.55%
105.81%
94.01%
112.14%
102.80%
102.26%
104.06%

(x-x')^2
-0.060
0.103
0.136
-0.043
-0.102
0.080
0.005
0.185
-0.014
0.061
0.030
-0.029
0.039
0.163
-0.124
0.058
0.072
-0.010
-0.005
0.145
0.043
-0.789
0.083
-0.092
-0.040
0.044
0.051
0.024
0.042
0.040
-0.057
-0.056
0.090
0.041
-0.054
0.101
0.002
0.034
0.057
-0.061
0.120
0.027
0.022
0.040

0.004
0.011
0.019
0.002
0.010
0.006
0.000
0.034
0.000
0.004
0.001
0.001
0.002
0.026
0.015
0.003
0.005
0.000
0.000
0.021
0.002
0.622
0.007
0.008
0.002
0.002
0.003
0.001
0.002
0.002
0.003
0.003
0.008
0.002
0.003
0.010
0.000
0.001
0.003
0.004
0.014
0.001
0.000
0.002

y-y'
-0.069
-0.140
0.180
0.149
0.092
0.209
0.006
-0.065
0.185
0.058
0.078
-0.031
-0.045
-0.018
0.084
-0.048
0.105
-0.003
-0.087
-0.019
0.056
0.102
0.029
-0.088
-0.065
-0.045
-0.006
0.018
-0.077
-0.080
0.020
-0.086
-0.060
0.074
-0.068
-0.013
0.039
-0.034
0.014
-0.016
-0.091
-0.032
-0.033
-0.008

1-Oct-12
1-Nov-12
3-Dec-12
1-Jan-13
1-Feb-13
1-Mar-13
1-Apr-13
2-May-13
3-Jun-13
1-Jul-13
1-Aug-13
2-Sep-13
1-Oct-13
1-Nov-13
2-Dec-13
1-Jan-14

347.08
354.92
368.12
359
401.08
409.48
475.52
522.05
505.77
565.3
521.2
593.3
608.8
572
567.45
572.35

-0.20%
2.26%
3.72%
-2.48%
11.72%
2.09%
16.13%
9.79%
-3.12%
11.77%
-7.80%
13.83%
2.61%
-6.04%
-0.80%
0.86%

Geometric Mean
Standard Deviation

99.80%
102.26%
103.72%
97.52%
111.72%
102.09%
116.13%
109.79%
96.88%
111.77%
92.20%
113.83%
102.61%
93.96%
99.20%
100.86%

Covariance

Dr. Reddys Lab


CIPLA

0.001079
0.12785
0.442887
-0.00121
0.002051

corelation

Dr. Reddys Lab


CIPLA

-0.12785
0.232497

-0.003
0.022
0.036
-0.026
0.116
0.020
0.160
0.097
-0.032
0.117
-0.079
0.137
0.025
-0.062
-0.009
0.008

0.000
0.000
0.001
0.001
0.013
0.000
0.026
0.009
0.001
0.014
0.006
0.019
0.001
0.004
0.000
0.000
0.964

0.012944

-0.043
0.043
0.009
-0.026
0.031
-0.133
0.020
0.072
0.022
0.043
-0.022
-0.027
0.026
-0.002
-0.018
-0.013

(x-x')(y-y')
0.004
-0.014
0.025
-0.006
-0.009
0.017
0.000
-0.012
-0.003
0.004
0.002
0.001
-0.002
-0.003
-0.011
-0.003
0.008
0.000
0.000
-0.003
0.002
-0.081
0.002
0.008
0.003
-0.002
0.000
0.000
-0.003
-0.003
-0.001
0.005
-0.005
0.003
0.004
-0.001
0.000
-0.001
0.001
0.001
-0.011
-0.001
-0.001
0.000

z-z'

(x-x')(z-z')
-0.015
0.137
0.087
-0.095
0.129
0.076
-0.031
0.019
-0.003
0.122
0.038
0.005
-0.088
0.058
0.002
-0.083
0.049
-0.048
-0.083
0.051
0.083
-0.040
0.065
-0.114
-0.110
0.061
-0.050
0.041
0.003
-0.086
-0.098
-0.009
0.038
0.098
-0.037
0.082
-0.107
-0.050
0.010
-0.019
0.009
0.057
0.099
-0.003

0.001
0.014
0.012
0.004
-0.013
0.006
0.000
0.004
0.000
0.007
0.001
0.000
-0.003
0.009
0.000
-0.005
0.003
0.000
0.000
0.007
0.004
0.031
0.005
0.011
0.004
0.003
-0.003
0.001
0.000
-0.003
0.006
0.000
0.003
0.004
0.002
0.008
0.000
-0.002
0.001
0.001
0.001
0.002
0.002
0.000

0.000
0.001
0.000
0.001
0.004
-0.003
0.003
0.007
-0.001
0.005
0.002
-0.004
0.001
0.000
0.000
0.000
-0.071

-0.057
0.129
-0.013
-0.030
-0.128
0.043
0.055
-0.098
0.045
0.009
0.029
0.025
-0.057
-0.066
0.012
-0.010

0.000
0.003
0.000
0.001
-0.015
0.001
0.009
-0.009
-0.001
0.001
-0.002
0.003
-0.001
0.004
0.000
0.000
0.121

Date
1-Jan-09
2-Feb-09
2-Mar-09
1-Apr-09
4-May-09
1-Jun-09
1-Jul-09
3-Aug-09
1-Sep-09
1-Oct-09
3-Nov-09
1-Dec-09
4-Jan-10
1-Feb-10
2-Mar-10
1-Apr-10
3-May-10
1-Jun-10
1-Jul-10
2-Aug-10
1-Sep-10
1-Oct-10
1-Nov-10
1-Dec-10
3-Jan-11
1-Feb-11
1-Mar-11
1-Apr-11
2-May-11
1-Jun-11
1-Jul-11
1-Aug-11
2-Sep-11
3-Oct-11
1-Nov-11
1-Dec-11
2-Jan-12
1-Feb-12
1-Mar-12
2-Apr-12
2-May-12
1-Jun-12

Close for
Dr.
Return Dr.
Reddys
Reddys
Lab
Lab
467.6
448.9
-4.00%
398.75
-11.17%
482
20.88%
567.45
17.73%
636.15
12.11%
787.25
23.75%
814.1
3.41%
784.7
-3.61%
952.2
21.35%
1034.5
8.64%
1145
10.68%
1142.15
-0.25%
1123.5
-1.63%
1135.5
1.07%
1263.9
11.31%
1239.15
-1.96%
1405
13.38%
1440.45
2.52%
1356.1
-5.86%
1368.55
0.92%
1484.55
8.48%
1678.9
13.09%
1775.65
5.76%
1670.5
-5.92%
1609.35
-3.66%
1582.25
-1.68%
1617.9
2.25%
1692.75
4.63%
1610.45
-4.86%
1526.9
-5.19%
1600.5
4.82%
1507.85
-5.79%
1460.2
-3.16%
1610
10.26%
1546.05
-3.97%
1569.6
1.52%
1676.4
6.80%
1667.7
-0.52%
1738.25
4.23%
1759.85
1.24%
1650
-6.24%

x-x'
96.00%
88.83%
120.88%
117.73%
112.11%
123.75%
103.41%
96.39%
121.35%
108.64%
110.68%
99.75%
98.37%
101.07%
111.31%
98.04%
113.38%
102.52%
94.14%
100.92%
108.48%
113.09%
105.76%
94.08%
96.34%
98.32%
102.25%
104.63%
95.14%
94.81%
104.82%
94.21%
96.84%
110.26%
96.03%
101.52%
106.80%
99.48%
104.23%
101.24%
93.76%

(x-x')^2
-0.069
-0.140
0.180
0.149
0.092
0.209
0.006
-0.065
0.185
0.058
0.078
-0.031
-0.045
-0.018
0.084
-0.048
0.105
-0.003
-0.087
-0.019
0.056
0.102
0.029
-0.088
-0.065
-0.045
-0.006
0.018
-0.077
-0.080
0.020
-0.086
-0.060
0.074
-0.068
-0.013
0.039
-0.034
0.014
-0.016
-0.091

0.005
0.020
0.032
0.022
0.009
0.044
0.000
0.004
0.034
0.003
0.006
0.001
0.002
0.000
0.007
0.002
0.011
0.000
0.008
0.000
0.003
0.010
0.001
0.008
0.004
0.002
0.000
0.000
0.006
0.006
0.000
0.007
0.004
0.005
0.005
0.000
0.002
0.001
0.000
0.000
0.008

y-y'

(x-x')(y-y')
-0.015
0.137
0.087
-0.095
0.129
0.076
-0.031
0.019
-0.003
0.122
0.038
0.005
-0.088
0.058
0.002
-0.083
0.049
-0.048
-0.083
0.051
0.083
-0.040
0.065
-0.114
-0.110
0.061
-0.050
0.041
0.003
-0.086
-0.098
-0.009
0.038
0.098
-0.037
0.082
-0.107
-0.050
0.010
-0.019
0.009

0.001
-0.019
0.016
-0.014
0.012
0.016
0.000
-0.001
-0.001
0.007
0.003
0.000
0.004
-0.001
0.000
0.004
0.005
0.000
0.007
-0.001
0.005
-0.004
0.002
0.010
0.007
-0.003
0.000
0.001
0.000
0.007
-0.002
0.001
-0.002
0.007
0.003
-0.001
-0.004
0.002
0.000
0.000
-0.001

2-Jul-12
1-Aug-12
3-Sep-12
1-Oct-12
1-Nov-12
3-Dec-12
1-Jan-13
1-Feb-13
1-Mar-13
1-Apr-13
2-May-13
3-Jun-13
1-Jul-13
1-Aug-13
2-Sep-13
1-Oct-13
1-Nov-13
2-Dec-13
1-Jan-14

1644
1635.95
1670.2
1646.45
1765.1
1831
1835.75
1945.3
1741.85
1825.9
2009.65
2111.85
2263.8
2278.45
2283.2
2407.65
2471.3
2498.6
2537.45

-0.36%
-0.49%
2.09%
-1.42%
7.21%
3.73%
0.26%
5.97%
-10.46%
4.83%
10.06%
5.09%
7.20%
0.65%
0.21%
5.45%
2.64%
1.10%
1.55%

Geometric Mean
Standard Deviation

99.64%
99.51%
102.09%
98.58%
107.21%
103.73%
100.26%
105.97%
89.54%
104.83%
110.06%
105.09%
107.20%
100.65%
100.21%
105.45%
102.64%
101.10%
101.55%

Covariance

CIPLA

0.028589
0.073768
0.255541
0.000868

corelation

CIPLA

0.170594

-0.032
-0.033
-0.008
-0.043
0.043
0.009
-0.026
0.031
-0.133
0.020
0.072
0.022
0.043
-0.022
-0.027
0.026
-0.002
-0.018
-0.013

0.001
0.001
0.000
0.002
0.002
0.000
0.001
0.001
0.018
0.000
0.005
0.000
0.002
0.000
0.001
0.001
0.000
0.000
0.000
0.321

0.343073

0.057
0.099
-0.003
-0.057
0.129
-0.013
-0.030
-0.128
0.043
0.055
-0.098
0.045
0.009
0.029
0.025
-0.057
-0.066
0.012
-0.010

-0.002
-0.003
0.000
0.002
0.006
0.000
0.001
-0.004
-0.006
0.001
-0.007
0.001
0.000
-0.001
-0.001
-0.001
0.000
0.000
0.000
0.051

Date
1-Jan-09
2-Feb-09
2-Mar-09
1-Apr-09
4-May-09
1-Jun-09
1-Jul-09
3-Aug-09
1-Sep-09
1-Oct-09
3-Nov-09
1-Dec-09
4-Jan-10
1-Feb-10
2-Mar-10
1-Apr-10
3-May-10
1-Jun-10
1-Jul-10
2-Aug-10
1-Sep-10
1-Oct-10
1-Nov-10
1-Dec-10
3-Jan-11
1-Feb-11
1-Mar-11
1-Apr-11
2-May-11
1-Jun-11
1-Jul-11
1-Aug-11
2-Sep-11
3-Oct-11
1-Nov-11
1-Dec-11
2-Jan-12
1-Feb-12
1-Mar-12
2-Apr-12
2-May-12
1-Jun-12
2-Jul-12
1-Aug-12

Close for CIPLA


191.95
191.5
220.1
242
222.05
253.5
276
271
279.5
282
319.8
336
341.9
316.15
338.35
343.15
319
338.5
326.3
303.25
322.35
352.95
343.3
369.8
332.15
299.65
321.65
309.5
326.05
331.05
306.6
280.35
281.35
295.4
328.05
319.9
350.25
316.95
305.1
312
309.9
316.55
338.6
376.45

Return
CIPLA
-0.234%
14.935%
9.950%
-8.244%
14.163%
8.876%
-1.812%
3.137%
0.894%
13.404%
5.066%
1.756%
-7.531%
7.022%
1.419%
-7.038%
6.113%
-3.604%
-7.064%
6.298%
9.493%
-2.734%
7.719%
-10.181%
-9.785%
7.342%
-3.777%
5.347%
1.534%
-7.386%
-8.562%
0.357%
4.994%
11.053%
-2.484%
9.487%
-9.507%
-3.739%
2.262%
-0.673%
2.146%
6.966%
11.178%

x-x'
99.77%
114.93%
109.95%
91.76%
114.16%
108.88%
98.19%
103.14%
100.89%
113.40%
105.07%
101.76%
92.47%
107.02%
101.42%
92.96%
106.11%
96.40%
92.94%
106.30%
109.49%
97.27%
107.72%
89.82%
90.22%
107.34%
96.22%
105.35%
101.53%
92.61%
91.44%
100.36%
104.99%
111.05%
97.52%
109.49%
90.49%
96.26%
102.26%
99.33%
102.15%
106.97%
111.18%

(x-x')^2
-0.015
0.137
0.087
-0.095
0.129
0.076
-0.031
0.019
-0.003
0.122
0.038
0.005
-0.088
0.058
0.002
-0.083
0.049
-0.048
-0.083
0.051
0.083
-0.040
0.065
-0.114
-0.110
0.061
-0.050
0.041
0.003
-0.086
-0.098
-0.009
0.038
0.098
-0.037
0.082
-0.107
-0.050
0.010
-0.019
0.009
0.057
0.099

0.000
0.019
0.008
0.009
0.017
0.006
0.001
0.000
0.000
0.015
0.001
0.000
0.008
0.003
0.000
0.007
0.002
0.002
0.007
0.003
0.007
0.002
0.004
0.013
0.012
0.004
0.003
0.002
0.000
0.007
0.010
0.000
0.001
0.010
0.001
0.007
0.012
0.002
0.000
0.000
0.000
0.003
0.010

3-Sep-12
1-Oct-12
1-Nov-12
3-Dec-12
1-Jan-13
1-Feb-13
1-Mar-13
1-Apr-13
2-May-13
3-Jun-13
1-Jul-13
1-Aug-13
2-Sep-13
1-Oct-13
1-Nov-13
2-Dec-13
1-Jan-14

Geometric Mean
Standard Deviation

380.1 0.970%
363.3 -4.420%
414.65 14.134%
414.25 -0.096%
407.05 -1.738%
359.85 -11.596%
379.75 5.530%
405.3 6.728%
370.55 -8.574%
391.95 5.775%
400.3 2.130%
416.95 4.159%
432.5 3.729%
413.2 -4.462%
391.25 -5.312%
400.8 2.441%
401.75 0.237%

100.97%
95.58%
114.13%
99.90%
98.26%
88.40%
105.53%
106.73%
91.43%
105.78%
102.13%
104.16%
103.73%
95.54%
94.69%
102.44%
100.24%

0.012385997
0.068990203
0.238989075

-0.003
-0.057
0.129
-0.013
-0.030
-0.128
0.043
0.055
-0.098
0.045
0.009
0.029
0.025
-0.057
-0.066
0.012
-0.010

0.000
0.003
0.017
0.000
0.001
0.016
0.002
0.003
0.010
0.002
0.000
0.001
0.001
0.003
0.004
0.000
0.000
0.281

0.148631963

Pfizer (PF)
Sun Pharma (SP)
Dr. Reddys Lab (DR)
Cipla (CP)

Cov(PF,PF)
Cov(PF,SP)
Cov(PF,DR)
Cov(PF,CP)
Cov(SP,SP)
Cov(SP,DR)
Cov(SP,CP)
Cov(DR,DR)
Cov(DR,CP)
Cov(CP,CP)

Weight Matrix

0.012201
-0.00117
0.002117
-0.00066
0.016346
-0.00121
0.002051
0.005442
0.000868
0.00476

Transpose of Weight Matrix

Covariance Matrix

Transpose of WM*Covariance
Variance Of Portfolio
Standard Deviation Of Portfolio
Expected return

Risk(SD)
5.09%
4.97%
4.88%
4.82%
4.78%
4.78%
4.80%
4.86%
4.94%
5.05%
5.19%
5.34%
5.53%
5.73%
5.94%
6.18%

3.76%
1.96%
73.75%
20.53%
100.00%

Std Deviation Expected Return W1


20.59%
29.00%
3.76%

0.037595 0.019606 0.737457 0.205342

0.012201 -0.00117 0.002117 -0.00066


-0.00117 0.016346 -0.00121 0.002051
0.002117 -0.00121 0.005442 0.000868
-0.00066 0.002051 0.000868 0.00476

0.00186
0.35%
5.94%

-0.00019 0.004247 0.001633

20.59%

29.00%

sd
er

5.94%
29.00%

35%

return
15%
16%
17%
18%
19%
20%
21%
22%
23%
24%
25%
26%
27%
28%
29%
30%

weight A B
C
D
22.78%
17.92%
11.23%
48.07%
21.42%
16.78%
15.69%
46.10%
20.06%
15.64%
20.16%
44.14%
18.70%
14.50%
24.62%
42.17%
17.34%
13.36%
29.09%
40.20%
15.99%
12.22%
33.56%
38.24%
14.63%
11.08%
38.02%
36.27%
13.27%
9.94%
42.49%
34.30%
11.91%
8.80%
46.95%
32.33%
10.55%
7.66%
51.42%
30.37%
9.19%
6.52%
55.88%
28.40%
7.83%
5.38%
60.35%
26.43%
6.48%
4.24%
64.82%
24.47%
5.12%
3.10%
69.28%
22.50%
3.76%
1.96%
73.75%
20.53%
2.40%
0.82%
78.21%
18.57%

30%

25%

20%

15%

10%

5%

0%
0.00%

2.00%

4.00%

0%
0.00%

BY
Litesh
juzer
Shahuraj
Delcy

2.00%

4.00%

W2

W3
W4
1.96%
73.75%
20.53%

Series1

4.00%

6.00%

8.00%

4.00%

6.00%

8.00%