Time Period

31-Dec-2016
30-Nov-2016
31-Oct-2016
30-Sep-2016
31-Aug-2016
31-Jul-2016
30-Jun-2016
31-May-2016
30-Apr-2016
31-Mar-2016
29-Feb-2016
31-Jan-2016
31-Dec-2015
30-Nov-2015
31-Oct-2015
30-Sep-2015
31-Aug-2015
31-Jul-2015
30-Jun-2015
31-May-2015
30-Apr-2015
31-Mar-2015
28-Feb-2015
31-Jan-2015
31-Dec-2014
30-Nov-2014
31-Oct-2014
30-Sep-2014
31-Aug-2014
31-Jul-2014
30-Jun-2014
31-May-2014
30-Apr-2014
31-Mar-2014
28-Feb-2014
31-Jan-2014
31-Dec-2013
30-Nov-2013
31-Oct-2013
30-Sep-2013
31-Aug-2013
31-Jul-2013

Adjusted Closing Price

177.90
180.25
204.30
213.45
217.58
183.11
181.65
163.46
169.88
159.18
143.04
155.79
175.02
161.58
139.51
130.34
123.64
122.41
112.46
118.88
113.64
146.68
146.32
145.58
148.71
145.58
132.48
137.46
113.77
121.25
125.13
104.04
98.37
102.61
99.53
108.35
126.21
104.08
92.28
92.69
94.31
100.48

30-Jun-2013
31-May-2013
30-Apr-2013
31-Mar-2013
28-Feb-2013
31-Jan-2013
31-Dec-2012
30-Nov-2012
31-Oct-2012
30-Sep-2012
31-Aug-2012
31-Jul-2012
30-Jun-2012
31-May-2012
30-Apr-2012
31-Mar-2012
29-Feb-2012
31-Jan-2012
31-Dec-2011

99.17
107.42
107.26
99.51
110.89
114.51
130.52
121.61
111.09
117.05
105.01
102.79
97.92
91.69
91.74
95.00
94.52
87.42
84.88

Average Return
SD

0.02
0.0896078289

Minimum Variance Portfolio

Trent Ltd
V Guard Industries Ltd
Market Risk(E(Rm))
Risk free return rate(Bond market return)
Expected Return of Trent Ltd
Expected Return of V Guard

Trent Ltd.
-1.30%
-11.77%
-4.29%
-1.90%
+18.82%
+0.80%
+11.13%
-3.78%
+6.73%
+11.28%
-8.18%
-10.99%
+8.32%
+15.82%
+7.03%
+5.42%
+1.00%
+8.85%
-5.41%
+4.62%
-22.53%
+0.24%
+0.51%
-2.11%
+2.15%
+9.89%
-3.62%
+20.82%
-6.17%
-3.10%
+20.28%
+5.76%
-4.14%
+3.09%
-8.13%
-14.15%
+21.26%
+12.78%
-0.44%
-1.71%
-6.14%
+1.32%

-7.68%
+0.15%
+7.78%
-10.26%
-3.17%
-12.26%
+7.32%
+9.48%
-5.10%
+11.47%
+2.16%
+4.98%
+6.80%
-0.05%
-3.44%
+0.51%
+8.12%
+2.99%

Average Return (Annualised)

SD (Annualised)

0.2142963363
0.3104106247

Correlation
Covariance

0.3065863435
0.0031716277

Covariance with Market and Trent LTD

Beta for Trent Ltd

0.142%
6.213%

Covariance with Market and V Guard

Industries Ltd
Beta for V Guard Industries Ltd

0.150%
6.528%

m Variance Portfolio
0.6352
0.3648
11.83%
6.80%
7.11%
7.13%

V Guard Industries Ltd

Time Period
31-Dec-2016
30-Nov-2016
31-Oct-2016
30-Sep-2016
31-Aug-2016
31-Jul-2016
30-Jun-2016
31-May-2016
30-Apr-2016
31-Mar-2016
29-Feb-2016
31-Jan-2016
31-Dec-2015
30-Nov-2015
31-Oct-2015
30-Sep-2015
31-Aug-2015
31-Jul-2015
30-Jun-2015
31-May-2015
30-Apr-2015
31-Mar-2015
28-Feb-2015
31-Jan-2015
31-Dec-2014
30-Nov-2014
31-Oct-2014
30-Sep-2014
31-Aug-2014
31-Jul-2014
30-Jun-2014
31-May-2014
30-Apr-2014
31-Mar-2014
28-Feb-2014
31-Jan-2014
31-Dec-2013
30-Nov-2013
31-Oct-2013
30-Sep-2013
31-Aug-2013
31-Jul-2013

Adjusted Closing Price

169.90
171.80
210.55
183.70
190.35
159.21
140.76
126.79
94.78
88.05
79.79
89.23
94.48
92.49
89.75
90.21
89.95
95.31
89.57
93.66
99.91
91.33
94.08
99.99
116.75
112.03
91.41
88.26
73.78
76.87
58.95
56.38
47.52
46.69
41.90
43.30
47.12
48.21
48.92
48.79
51.53
53.02

-1.11%
-18.40%
+14.62%
-3.49%
+19.56%
+13.11%
+11.02%
+33.77%
+7.64%
+10.35%
-10.59%
-5.56%
+2.15%
+3.06%
-0.52%
+0.29%
-5.63%
+6.41%
-4.36%
-6.26%
+9.39%
-2.92%
-5.91%
-14.35%
+4.21%
+22.56%
+3.56%
+19.63%
-4.01%
+30.39%
+4.57%
+18.63%
+1.78%
+11.45%
-3.23%
-8.11%
-2.26%
-1.45%
+0.27%
-5.32%
-2.81%
+14.37%

30-Jun-2013
31-May-2013
30-Apr-2013
31-Mar-2013
28-Feb-2013
31-Jan-2013
31-Dec-2012
30-Nov-2012
31-Oct-2012
30-Sep-2012
31-Aug-2012
31-Jul-2012
30-Jun-2012
31-May-2012
30-Apr-2012
31-Mar-2012
29-Feb-2012
31-Jan-2012
31-Dec-2011
Average Return
SD

46.36
47.88
50.88
43.78
45.38
48.47
50.43
52.58
43.86
39.60
40.49
30.09
23.31
21.66
19.07
18.42
19.19
18.39
15.49

-3.17%
-5.90%
+16.21%
-3.52%
-6.39%
-3.89%
-4.09%
+19.90%
+10.76%
-2.20%
+34.57%
+29.06%
+7.64%
+13.56%
+3.53%
-4.01%
+4.38%
+18.69%

+4.69% Average Return (Annualised)

0.117403942
SD (Annualised)

Risk and return for different Weightage

Trent(Weightage)
0.10
0.20
0.30
0.40

V Guard(Weightage)
0.90
0.80
0.70
0.60

0.50
0.60
0.70
0.80
0.90

0.50
0.40
0.30
0.20
0.10

Variance of Portfolio
0.1355118646
0.1107278165
0.091052083
0.0764846641
0.0670255597
0.0626747698
0.0634322945
0.0692981338
0.0802722876

Time Period
31-Dec-2016
30-Nov-2016
31-Oct-2016
30-Sep-2016
31-Aug-2016
31-Jul-2016
30-Jun-2016
31-May-2016
30-Apr-2016
31-Mar-2016
29-Feb-2016
31-Jan-2016
31-Dec-2015
30-Nov-2015
31-Oct-2015
30-Sep-2015
31-Aug-2015
31-Jul-2015
30-Jun-2015
31-May-2015
30-Apr-2015
31-Mar-2015
28-Feb-2015
31-Jan-2015
31-Dec-2014
30-Nov-2014
31-Oct-2014
30-Sep-2014
31-Aug-2014
31-Jul-2014
30-Jun-2014
31-May-2014
30-Apr-2014
31-Mar-2014
28-Feb-2014
31-Jan-2014
31-Dec-2013
30-Nov-2013
31-Oct-2013
30-Sep-2013
31-Aug-2013
31-Jul-2013

Adjusted Closing Price

8,086.80
8,224.50
8,625.70
8,611.15
8,786.20
8,638.50
8,287.75
8,160.10
7,849.80
7,738.40
6,987.05
7,563.55
7,946.35
7,935.25
8,065.80
7,948.90
7,971.30
8,532.85
8,368.50
8,433.65
8,181.50
8,491.00
8,901.85
8,808.90
8,282.70
8,588.25
8,322.20
7,964.80
7,954.35
7,721.30
7,611.35
7,229.95
6,696.40
6,704.20
6,276.95
6,089.50
6,304.00
6,176.10
6,299.15
5,735.30
5,471.80
5,742.00

30-Jun-2013
31-May-2013
30-Apr-2013
31-Mar-2013
28-Feb-2013
31-Jan-2013
31-Dec-2012
30-Nov-2012
31-Oct-2012
30-Sep-2012
31-Aug-2012
31-Jul-2012
30-Jun-2012
31-May-2012
30-Apr-2012
31-Mar-2012
29-Feb-2012
31-Jan-2012
31-Dec-2011
0.7340198226
0.4066991852

5,842.20
5,985.95
5,930.20
5,682.55
5,693.05
6,034.75
5,905.10
5,879.85
5,619.70
5,703.30
5,258.50
5,229.00
5,278.90
4,924.25
5,248.15
5,295.55
5,385.20
5,199.25
4,624.30

Average Return
SD

+1.03%
0.0437075272

tage
Risk
36.81%
33.28%
30.17%
27.66%

Return
68.20%
63.01%
57.81%
52.61%

25.89%
25.03%
25.19%
26.32%
28.33%

47.42%
42.22%
37.02%
31.82%
26.63%

Return VS Risk
80.00%
60.00%
Return

40.00%
20.00%
0.00%
24.00%

26.00%

28.00%

30.00%
Risk

32.00%

Market
-1.67%
-4.65%
+0.17%
-1.99%
+1.71%
+4.23%
+1.56%
+3.95%
+1.44%
+10.75%
-7.62%
-4.82%
+0.14%
-1.62%
+1.47%
-0.28%
-6.58%
+1.96%
-0.77%
+3.08%
-3.65%
-4.62%
+1.06%
+6.35%
-3.56%
+3.20%
+4.49%
+0.13%
+3.02%
+1.44%
+5.28%
+7.97%
-0.12%
+6.81%
+3.08%
-3.40%
+2.07%
-1.95%
+9.83%
+4.82%
-4.71%
-1.72%

-2.40%
+0.94%
+4.36%
-0.18%
-5.66%
+2.20%
+0.43%
+4.63%
-1.47%
+8.46%
+0.56%
-0.95%
+7.20%
-6.17%
-0.90%
-1.66%
+3.58%
+12.43%

Average Return (Annualised) 0.1305892895

SD (Annualised)
0.1514073157

Return VS Risk

26.00%

28.00%

30.00%
Risk

32.00%

34.00%

36.00%

38.00%