WIPRO NIFTY

Share Return Ri Share Return Rm

Year Begning price % (Ri-R)=1 (Ri-R)^2 price % (Rm-R)=2 (Rm-R)^2 1*2
March 114.52 3821.5500
2007-08 April 120.3771 5.1145% 2.9880% 0.0893% 4087.9000 6.9697% 6.0028% 0.3603% 0.1794%
May 114.5015 -4.8810% -7.0075% 0.4910% 4295.8000 5.0857% 4.1189% 0.1696% -0.2886%
June 218.3678 90.7118% 88.5853% 78.4736% 4318.3000 0.5238% -0.4431% 0.0020% -0.3925%
July 105.4295 -51.7193% -53.8458% 28.9937% 4528.8500 4.8758% 3.9089% 0.1528% -2.1048%
August 102.2498 -3.0160% -5.1424% 0.2644% 4464.0000 -1.4319% -2.3988% 0.0575% 0.1234%
September 97.5650 -4.5817% -6.7082% 0.4500% 5021.3501 12.4854% 11.5186% 1.3268% -0.7727%
October 107.5069 10.1901% 8.0636% 0.6502% 5900.6499 17.5112% 16.5443% 2.7372% 1.3341%
November 99.0071 -7.9064% -10.0328% 1.0066% 5762.7500 -2.3370% -3.3039% 0.1092% 0.3315%
December 112.9774 14.1105% 11.9840% 1.4362% 6138.6001 6.5221% 5.5552% 0.3086% 0.6657%
January 90.8612 -19.5758% -21.7022% 4.7099% 5137.4502 -16.3091% -17.2760% 2.9846% 3.7493%
February 93.9347 3.3826% 1.2561% 0.0158% 5223.5000 1.6750% 0.7081% 0.0050% 0.0089%
March 92.8708 -1.1326% -3.2591% 0.1062% 4734.5000 -9.3615% -10.3284% 1.0668% 0.3366%
2008-09 April 105.0466 13.1104% 10.9839% 1.2065% 5165.8999 9.1118% 8.1450% 0.6634% 0.8946%
May 109.4526 4.1944% 2.0679% 0.0428% 4870.1001 -5.7260% -6.6929% 0.4479% -0.1384%
June 94.5580 -13.6082% -15.7347% 2.4758% 4040.5500 -17.0335% -18.0004% 3.2401% 2.8323%
July 91.8180 -2.8977% -5.0242% 0.2524% 4332.9502 7.2366% 6.2698% 0.3931% -0.3150%
August 95.5756 4.0925% 1.9660% 0.0387% 4360.0000 0.6243% -0.3426% 0.0012% -0.0067%
September 75.1299 -21.3922% -23.5187% 5.5313% 3921.2000 -10.0642% -11.0311% 1.2169% 2.5944%
October 60.2652 -19.7852% -21.9117% 4.8012% 2885.6001 -26.4103% -27.3772% 7.4951% 5.9988%
November 53.6342 -11.0031% -13.1296% 1.7239% 2755.1001 -4.5225% -5.4893% 0.3013% 0.7207%
December 51.5896 -3.8121% -5.9386% 0.3527% 2959.1499 7.4063% 6.4394% 0.4147% -0.3824%
January 51.1807 -0.7926% -2.9191% 0.0852% 2874.8000 -2.8505% -3.8174% 0.1457% 0.1114%
February 45.8648 -10.3865% -12.5130% 1.5658% 2763.6499 -3.8664% -4.8332% 0.2336% 0.6048%
March 54.3525 18.5060% 16.3796% 2.6829% 3020.9500 9.3102% 8.3433% 0.6961% 1.3666%
2009-10 April 145.9495 168.5237% 166.3973% 276.8805% 3473.9500 14.9953% 14.0284% 1.9680% 23.3429%
May 84.4907 -42.1096% -44.2361% 19.5683% 4448.9502 28.0660% 27.0992% 7.3436% -11.9876%
 June 83.5402 -1.1249% -3.2514% 0.1057% 4291.1001 -3.5480% -4.5149% 0.2038% 0.1468%
July 112.2343 34.3476% 32.2212% 10.3820% 4636.4502 8.0481% 7.0812% 0.5014% 2.2816%
August 125.9273 12.2004% 10.0739% 1.0148% 4662.1001 0.5532% -0.4137% 0.0017% -0.0417%
September 137.8686 9.4827% 7.3562% 0.5411% 5083.9502 9.0485% 8.0816% 0.6531% 0.5945%
October 138.7387 0.6311% -1.4953% 0.0224% 4711.7002 -7.3221% -8.2889% 0.6871% 0.1239%
November 144.0396 3.8208% 1.6943% 0.0287% 5032.7002 6.8128% 5.8459% 0.3418% 0.0990%
December 155.7061 8.0995% 5.9730% 0.3568% 5201.0498 3.3451% 2.3782% 0.0566% 0.1421%
January 148.3674 -4.7132% -6.8397% 0.4678% 4882.0498 -6.1334% -7.1003% 0.5041% 0.4856%
February 155.1337 4.5605% 2.4340% 0.0592% 4922.2998 0.8244% -0.1424% 0.0002% -0.0035%
March 161.8771 4.3469% 2.2204% 0.0493% 5249.1001 6.6392% 5.6723% 0.3217% 0.1259%
2010-11 April 153.7598 -5.0145% -7.1410% 0.5099% 5278.0000 0.5506% -0.4163% 0.0017% 0.0297%
May 153.3362 -0.2755% -2.4020% 0.0577% 5086.2998 -3.6321% -4.5989% 0.2115% 0.1105%
June 146.7378 -4.3033% -6.4297% 0.4134% 5312.5000 4.4472% 3.4804% 0.1211% -0.2238%
July 165.2217 12.5966% 10.4701% 1.0962% 5367.6001 1.0372% 0.0703% 0.0000% 0.0074%
August 160.3929 -2.9226% -5.0491% 0.2549% 5402.3999 0.6483% -0.3186% 0.0010% 0.0161%
September 180.1089 12.2923% 10.1659% 1.0334% 6029.9502 11.6161% 10.6493% 1.1341% 1.0826%
October 168.2072 -6.6081% -8.7346% 0.7629% 6017.7002 -0.2032% -1.1700% 0.0137% 0.1022%
November 168.1471 -0.0357% -2.1622% 0.0468% 5862.7002 -2.5757% -3.5426% 0.1255% 0.0766%
December 196.8595 17.0758% 14.9493% 2.2348% 6134.5000 4.6361% 3.6692% 0.1346% 0.5485%
January 175.5606 -10.8193% -12.9458% 1.6759% 5505.8999 -10.2470% -11.2138% 1.2575% 1.4517%
February 177.1866 0.9262% -1.2003% 0.0144% 5333.2500 -3.1357% -4.1026% 0.1683% 0.0492%
March 194.1693 9.5847% 7.4582% 0.5562% 5833.7500 9.3845% 8.4176% 0.7086% 0.6278%
2011-12 April 182.0792 -6.2266% -8.3531% 0.6977% 5749.5000 -1.4442% -2.4111% 0.0581% 0.2014%
May 180.5022 -0.8661% -2.9926% 0.0896% 5473.1001 -4.8074% -5.7743% 0.3334% 0.1728%
June 168.8570 -6.4516% -8.5781% 0.7358% 5647.3999 3.1847% 2.2178% 0.0492% -0.1902%
July 160.4771 -4.9627% -7.0892% 0.5026% 5482.0000 -2.9288% -3.8957% 0.1518% 0.2762%
August 138.1966 -13.8839% -16.0104% 2.5633% 5001.0000 -8.7742% -9.7411% 0.9489% 1.5596%
September 140.4844 1.6555% -0.4710% 0.0022% 4943.2500 -1.1548% -2.1217% 0.0450% 0.0100%
October 151.1197 7.5704% 5.4440% 0.2964% 5326.6001 7.7550% 6.7881% 0.4608% 0.3695%
November 155.4892 2.8914% 0.7650% 0.0059% 4832.0498 -9.2845% -10.2514% 1.0509% -0.0784%
December 164.3519 5.6999% 3.5734% 0.1277% 4624.2998 -4.2994% -5.2663% 0.2773% -0.1882%
January 170.6177 3.8124% 1.6859% 0.0284% 5199.2500 12.4332% 11.4664% 1.3148% 0.1933%
 February 179.9543 5.4722% 3.3458% 0.1119% 5385.2002 3.5765% 2.6096% 0.0681% 0.0873%
March 183.1800 1.7925% -0.3339% 0.0011% 5295.5498 -1.6648% -2.6316% 0.0693% 0.0088%
2012-13 April 168.5914 -7.9641% -10.0906% 1.0182% 5248.1499 -0.8951% -1.8620% 0.0347% 0.1879%
May 170.6517 1.2221% -0.9044% 0.0082% 4924.2500 -6.1717% -7.1386% 0.5096% 0.0646%
June 166.4479 -2.4634% -4.5899% 0.2107% 5278.8999 7.2021% 6.2352% 0.3888% -0.2862%
July 144.4313 -13.2273% -15.3538% 2.3574% 5229.0000 -0.9453% -1.9122% 0.0366% 0.2936%
August 154.0091 6.6314% 4.5049% 0.2029% 5258.5000 0.5642% -0.4027% 0.0016% -0.0181%
September 161.8454 5.0882% 2.9618% 0.0877% 5703.2998 8.4587% 7.4918% 0.5613% 0.2219%
October 148.9335 -7.9780% -10.1044% 1.0210% 5619.7002 -1.4658% -2.4327% 0.0592% 0.2458%
November 167.0272 12.1489% 10.0224% 1.0045% 5879.8501 4.6292% 3.6624% 0.1341% 0.3671%
December 167.5581 0.3179% -1.8086% 0.0327% 5905.1001 0.4294% -0.5375% 0.0029% 0.0097%
January 174.7999 4.3219% 2.1955% 0.0482% 6034.7500 2.1956% 1.2287% 0.0151% 0.0270%
February 178.6519 2.2037% 0.0773% 0.0001% 5693.0498 -5.6622% -6.6291% 0.4394% -0.0051%
March 187.5545 4.9832% 2.8567% 0.0816% 5682.5498 -0.1844% -1.1513% 0.0133% -0.0329%
2013-14 April 149.4558 -20.3134% -22.4399% 5.0355% 5930.2002 4.3581% 3.3912% 0.1150% -0.7610%
May 140.5747 -5.9423% -8.0688% 0.6511% 5985.9502 0.9401% -0.0268% 0.0000% 0.0022%
June 149.7347 6.5161% 4.3896% 0.1927% 5842.2002 -2.4015% -3.3683% 0.1135% -0.1479%
July 193.4773 29.2134% 27.0869% 7.3370% 5742.0000 -1.7151% -2.6820% 0.0719% -0.7265%
August 213.6201 10.4110% 8.2845% 0.6863% 5471.7998 -4.7057% -5.6726% 0.3218% -0.4699%
September 208.9599 -2.1816% -4.3080% 0.1856% 5735.2998 4.8156% 3.8487% 0.1481% -0.1658%
October 211.0139 0.9830% -1.1435% 0.0131% 6299.1499 9.8312% 8.8643% 0.7858% -0.1014%
November 207.9660 -1.4444% -3.5709% 0.1275% 6176.1001 -1.9534% -2.9203% 0.0853% 0.1043%
December 247.0148 18.7765% 16.6501% 2.7722% 6304.0000 2.0709% 1.1040% 0.0122% 0.1838%
January 254.0162 2.8344% 0.7080% 0.0050% 6089.5000 -3.4026% -4.3695% 0.1909% -0.0309%
February 266.6216 4.9624% 2.8359% 0.0804% 6276.9502 3.0783% 2.1114% 0.0446% 0.0599%
March 242.4928 -9.0498% -11.1763% 1.2491% 6704.2002 6.8066% 5.8398% 0.3410% -0.6527%
2014-15 April 233.1851 -3.8384% -5.9648% 0.3558% 6696.3999 -0.1163% -1.0832% 0.0117% 0.0646%
May 225.9754 -3.0918% -5.2183% 0.2723% 7229.9502 7.9677% 7.0008% 0.4901% -0.3653%
June 243.9214 7.9415% 5.8151% 0.3381% 7611.3501 5.2753% 4.3084% 0.1856% 0.2505%
July 247.6537 1.5301% -0.5963% 0.0036% 7721.2998 1.4445% 0.4777% 0.0023% -0.0028%
August 261.9265 5.7632% 3.6368% 0.1323% 7954.3501 3.0183% 2.0514% 0.0421% 0.0746%
September 276.5462 5.5816% 3.4551% 0.1194% 7964.7998 0.1314% -0.8355% 0.0070% -0.0289%
 October 261.2083 -5.5462% -7.6727% 0.5887% 8322.2002 4.4872% 3.5204% 0.1239% -0.2701%
November 271.4490 3.9205% 1.7941% 0.0322% 8588.2500 3.1969% 2.2300% 0.0497% 0.0400%
December 257.2695 -5.2236% -7.3501% 0.5402% 8282.7002 -3.5578% -4.5246% 0.2047% 0.3326%
January 281.0642 9.2489% 7.1224% 0.5073% 8808.9004 6.3530% 5.3861% 0.2901% 0.3836%
February 308.4298 9.7364% 7.6100% 0.5791% 8844.5996 0.4053% -0.5616% 0.0032% -0.0427%
March 296.4330 -3.8897% -6.0161% 0.3619% 8491.0000 -3.9979% -4.9648% 0.2465% 0.2987%
2015-16 April 253.8901 -14.3516% -16.4781% 2.7153% 8181.5000 -3.6450% -4.6119% 0.2127% 0.7600%
May 264.7792 4.2889% 2.1624% 0.0468% 8433.6504 3.0820% 2.1151% 0.0447% 0.0457%
June 257.7084 -2.6705% -4.7969% 0.2301% 8368.5000 -0.7725% -1.7394% 0.0303% 0.0834%
July 268.6210 4.2345% 2.1080% 0.0444% 8532.8496 1.9639% 0.9970% 0.0099% 0.0210%
August 276.3474 2.8763% 0.7498% 0.0056% 7948.9502 -6.8430% -7.8098% 0.6099% -0.0586%
September 288.9372 4.5558% 2.4293% 0.0590% 7948.8999 -0.0006% -0.9675% 0.0094% -0.0235%
October 276.8549 -4.1816% -6.3081% 0.3979% 8065.7998 1.4706% 0.5038% 0.0025% -0.0318%
November 275.4533 -0.5062% -2.6327% 0.0693% 7935.2500 -1.6186% -2.5854% 0.0668% 0.0681%
December 270.5962 -1.7633% -3.8898% 0.1513% 7946.3501 0.1399% -0.8270% 0.0068% 0.0322%
January 271.9978 0.5179% -1.6085% 0.0259% 7563.5498 -4.8173% -5.7842% 0.3346% 0.0930%
February 256.0889 -5.8489% -7.9754% 0.6361% 6987.0498 -7.6221% -8.5890% 0.7377% 0.6850%
March 277.7476 8.4575% 6.3310% 0.4008% 7738.3999 10.7535% 9.7866% 0.9578% 0.6196%
2016-17 April 272.8744 -1.7545% -3.8810% 0.1506% 7849.7998 1.4396% 0.4727% 0.0022% -0.0183%
May 268.4934 -1.6055% -3.7320% 0.1393% 8160.1001 3.9530% 2.9861% 0.0892% -0.1114%
June 274.6465 2.2917% 0.1652% 0.0003% 8287.7500 1.5643% 0.5974% 0.0036% 0.0010%
July 268.2965 -2.3120% -4.4385% 0.1970% 8638.5000 4.2321% 3.2653% 0.1066% -0.1449%
August 242.8757 -9.4749% -11.6014% 1.3459% 8786.2002 1.7098% 0.7429% 0.0055% -0.0862%
September 236.6019 -2.5831% -4.7096% 0.2218% 8611.1504 -1.9923% -2.9592% 0.0876% 0.1394%
October 228.2780 -3.5181% -5.6446% 0.3186% 8638.0000 0.3118% -0.6551% 0.0043% 0.0370%
November 229.8341 0.6817% -1.4448% 0.0209% 8224.5000 -4.7870% -5.7539% 0.3311% 0.0831%
December 234.3789 1.9774% -0.1490% 0.0002% 8185.7998 -0.4705% -1.4374% 0.0207% 0.0021%
January 226.2526 -3.4672% -5.5936% 0.3129% 8561.2998 4.5872% 3.6203% 0.1311% -0.2025%
February 241.4678 6.7249% 4.5984% 0.2115% 8879.5996 3.7179% 2.7510% 0.0757% 0.1265%
March 257.0109 6.4369% 4.3105% 0.1858% 9173.7500 3.3127% 2.3458% 0.0550% 0.1011%
 RESULTS:

With excel formula: Without excel formula:

Wipro Nifty Wipro Nifty
Average return 0.0213 0.0097 Average return 0.0213 0.0097
Variance 0.0414 0.0047 Variance 0.0414 0.0047
Standard deviation 0.2035 0.0682 Standard deviation 0.2035 0.0682
Systematic Variance 0.0024 --
Systematic risk 0.0493 -- Systematic risk 0.0493 --
Unsystematic risk 0.1974 -- Unsystematic risk 0.1974 --
Beta 0.7233 -- Beta 0.7233 --
 DABUR NIFTY

Share Return Ri Share Return Rm

Year Begning price % (Ri-R)=1 (Ri-R)^2 price %
March 39.9433 3821.5500
2007-08 April 40.7247 1.9563% 0.1202% 0.0001% 4087.9000 6.9697%
May 42.7353 4.9370% 3.1009% 0.0962% 4295.8000 5.0857%
June 43.9973 2.9530% 1.1169% 0.0125% 4318.3000 0.5238%
July 44.7673 1.7501% -0.0860% 0.0001% 4528.8500 4.8758%
August 43.2059 -3.4878% -5.3239% 0.2834% 4464.0000 -1.4319%
September 45.2806 4.8020% 2.9659% 0.0880% 5021.3501 12.4854%
October 45.6228 0.7558% -1.0803% 0.0117% 5900.6499 17.5112%
November 48.0664 5.3561% 3.5200% 0.1239% 5762.7500 -2.3370%
December 49.5191 3.0221% 1.1860% 0.0141% 6138.6001 6.5221%
January 40.0228 -19.1769% -21.0130% 4.4155% 5137.4502 -16.3091%
February 43.2750 8.1257% 6.2896% 0.3956% 5223.5000 1.6750%
March 48.0448 11.0220% 9.1859% 0.8438% 4734.5000 -9.3615%
2008-09 April 46.3320 -3.5650% -5.4011% 0.2917% 5165.8999 9.1118%
May 42.0825 -9.1717% -11.0078% 1.2117% 4870.1001 -5.7260%
June 34.2774 -18.5471% -20.3832% 4.1548% 4040.5500 -17.0335%
July 39.7993 16.1092% 14.2731% 2.0372% 4332.9502 7.2366%
August 40.2615 1.1615% -0.6746% 0.0046% 4360.0000 0.6243%
September 40.1074 -0.3827% -2.2188% 0.0492% 3921.2000 -10.0642%
October 35.9250 -10.4281% -12.2642% 1.5041% 2885.6001 -26.4103%
November 36.0791 0.4289% -1.4072% 0.0198% 2755.1001 -4.5225%
December 36.9816 2.5015% 0.6654% 0.0044% 2959.1499 7.4063%
January 38.7206 4.7023% 2.8662% 0.0822% 2874.8000 -2.8505%
February 40.1294 3.6384% 1.8023% 0.0325% 2763.6499 -3.8664%
March 44.4313 10.7200% 8.8839% 0.7892% 3020.9500 9.3102%
2009-10 April 46.1333 3.8306% 1.9945% 0.0398% 3473.9500 14.9953%
May 49.4701 7.2330% 5.3969% 0.2913% 4448.9502 28.0660%
June 56.3005 13.8071% 11.9710% 1.4331% 4291.1001 -3.5480%
July 62.6847 11.3395% 9.5034% 0.9031% 4636.4502 8.0481%
August 56.8557 -9.2989% -11.1350% 1.2399% 4662.1001 0.5532%
September 64.8479 14.0569% 12.2208% 1.4935% 5083.9502 9.0485%
October 69.2652 6.8118% 4.9757% 0.2476% 4711.7002 -7.3221%
November 72.5447 4.7348% 2.8987% 0.0840% 5032.7002 6.8128%
December 73.0276 0.6656% -1.1705% 0.0137% 5201.0498 3.3451%
January 73.9474 1.2595% -0.5767% 0.0033% 4882.0498 -6.1334%
February 77.8333 5.2549% 3.4188% 0.1169% 4922.2998 0.8244%
March 73.0276 -6.1743% -8.0104% 0.6417% 5249.1001 6.6392%
2010-11 April 82.9148 13.5390% 11.7029% 1.3696% 5278.0000 0.5506%
May 85.2602 2.8286% 0.9925% 0.0099% 5086.2998 -3.6321%
June 96.8490 13.5923% 11.7562% 1.3821% 5312.5000 4.4472%
 July 90.8936 -6.1491% -7.9852% 0.6376% 5367.6001 1.0372%
August 96.2281 5.8690% 4.0328% 0.1626% 5402.3999 0.6483%
September 100.6045 4.5479% 2.7118% 0.0735% 6029.9502 11.6161%
October 92.9194 -7.6389% -9.4750% 0.8978% 6017.7002 -0.2032%
November 87.1905 -6.1654% -8.0015% 0.6402% 5862.7002 -2.5757%
December 93.8568 7.6457% 5.8095% 0.3375% 6134.5000 4.6361%
January 87.7245 -6.5337% -8.3698% 0.7005% 5505.8999 -10.2470%
February 93.3887 6.4568% 4.6207% 0.2135% 5333.2500 -3.1357%
March 89.9715 -3.6591% -5.4952% 0.3020% 5833.7500 9.3845%
2011-12 April 94.6994 5.2549% 3.4188% 0.1169% 5749.5000 -1.4442%
May 110.1003 16.2630% 14.4268% 2.0813% 5473.1001 -4.8074%
June 106.7299 -3.0612% -4.8973% 0.2398% 5647.3999 3.1847%
July 97.9738 -8.2040% -10.0401% 1.0080% 5482.0000 -2.9288%
August 104.2825 6.4392% 4.6031% 0.2119% 5001.0000 -8.7742%
September 96.9851 -6.9977% -8.8338% 0.7804% 4943.2500 -1.1548%
October 95.3844 -1.6505% -3.4866% 0.1216% 5326.6001 7.7550%
November 89.7348 -5.9230% -7.7591% 0.6020% 4832.0498 -9.2845%
December 94.1603 4.9318% 3.0957% 0.0958% 4624.2998 -4.2994%
January 89.1896 -5.2790% -7.1151% 0.5063% 5199.2500 12.4332%
February 98.5157 10.4565% 8.6204% 0.7431% 5385.2002 3.5765%
March 100.9300 2.4507% 0.6146% 0.0038% 5295.5498 -1.6648%
2012-13 April 105.9008 4.9249% 3.0888% 0.0954% 5248.1499 -0.8951%
May 98.7524 -6.7501% -8.5862% 0.7372% 4924.2500 -6.1717%
June 108.4572 9.8274% 7.9913% 0.6386% 5278.8999 7.2021%
July 113.7072 4.8407% 3.0045% 0.0903% 5229.0000 -0.9453%
August 116.8048 2.7242% 0.8881% 0.0079% 5258.5000 0.5642%
September 121.9994 4.4472% 2.6111% 0.0682% 5703.2998 8.4587%
October 118.5205 -2.8516% -4.6877% 0.2197% 5619.7002 -1.4658%
November 122.6870 3.5155% 1.6794% 0.0282% 5879.8501 4.6292%
December 123.5014 0.6638% -1.1723% 0.0137% 5905.1001 0.4294%
January 127.1423 2.9480% 1.1119% 0.0124% 6034.7500 2.1956%
February 121.1061 -4.7475% -6.5836% 0.4334% 5693.0498 -5.6622%
March 131.2143 8.3465% 6.5104% 0.4239% 5682.5498 -0.1844%
2013-14 April 141.6099 7.9226% 6.0865% 0.3705% 5930.2002 4.3581%
May 149.8018 5.7848% 3.9487% 0.1559% 5985.9502 0.9401%
June 148.8915 -0.6076% -2.4437% 0.0597% 5842.2002 -2.4015%
July 155.5131 4.4472% 2.6111% 0.0682% 5742.0000 -1.7151%
August 157.1511 1.0533% -0.7828% 0.0061% 5471.7998 -4.7057%
September 163.3177 3.9240% 2.0879% 0.0436% 5735.2998 4.8156%
October 172.1339 5.3982% 3.5621% 0.1269% 6299.1499 9.8312%
November 159.6081 -7.2768% -9.1129% 0.8304% 6176.1001 -1.9534%
December 164.8359 3.2754% 1.4393% 0.0207% 6304.0000 2.0709%
January 166.4325 0.9686% -0.8675% 0.0075% 6089.5000 -3.4026%
February 167.8355 0.8430% -0.9931% 0.0099% 6276.9502 3.0783%
March 173.8348 3.5745% 1.7384% 0.0302% 6704.2002 6.8066%
2014-15 April 173.4478 -0.2226% -2.0587% 0.0424% 6696.3999 -0.1163%
May 182.3500 5.1325% 3.2964% 0.1087% 7229.9502 7.9677%
June 181.4308 -0.5041% -2.3402% 0.0548% 7611.3501 5.2753%
July 201.6328 11.1348% 9.2987% 0.8647% 7721.2998 1.4445%
August 226.2958 12.2316% 10.3955% 1.0807% 7954.3501 3.0183%
September 216.1290 -4.4927% -6.3288% 0.4005% 7964.7998 0.1314%
October 221.6033 2.5329% 0.6968% 0.0049% 8322.2002 4.4872%
November 235.6919 6.3576% 4.5215% 0.2044% 8588.2500 3.1969%
December 228.6965 -2.9680% -4.8041% 0.2308% 8282.7002 -3.5578%
January 250.7101 9.6257% 7.7896% 0.6068% 8808.9004 6.3530%
February 259.4177 3.4732% 1.6371% 0.0268% 8844.5996 0.4053%
March 259.8091 0.1509% -1.6852% 0.0284% 8491.0000 -3.9979%
2015-16 April 246.4541 -5.1403% -6.9764% 0.4867% 8181.5000 -3.6450%
May 264.0161 7.1258% 5.2897% 0.2798% 8433.6504 3.0820%
June 274.0445 3.7984% 1.9623% 0.0385% 8368.5000 -0.7725%
July 287.7419 4.9982% 3.1621% 0.1000% 8532.8496 1.9639%
August 267.8756 -6.9042% -8.7403% 0.7639% 7948.9502 -6.8430%
September 270.7697 1.0804% -0.7557% 0.0057% 7948.8999 -0.0006%
October 264.6382 -2.2645% -4.1006% 0.1681% 8065.7998 1.4706%
November 267.3851 1.0380% -0.7981% 0.0064% 7935.2500 -1.6186%
December 272.9652 2.0869% 0.2508% 0.0006% 7946.3501 0.1399%
January 247.0436 -9.4963% -11.3324% 1.2842% 7563.5498 -4.8173%
February 233.7379 -5.3860% -7.2221% 0.5216% 6987.0498 -7.6221%
March 246.3044 5.3763% 3.5402% 0.1253% 7738.3999 10.7535%
2016-17 April 271.8318 10.3642% 8.5280% 0.7273% 7849.7998 1.4396%
May 285.5318 5.0399% 3.2038% 0.1026% 8160.1001 3.9530%
June 304.2091 6.5412% 4.7051% 0.2214% 8287.7500 1.5643%
July 300.1908 -1.3209% -3.1570% 0.0997% 8638.5000 4.2321%
August 287.3368 -4.2819% -6.1180% 0.3743% 8786.2002 1.7098%
September 268.1547 -6.6758% -8.5120% 0.7245% 8611.1504 -1.9923%
October 288.2761 7.5037% 5.6676% 0.3212% 8638.0000 0.3118%
November 280.3660 -2.7440% -4.5801% 0.2098% 8224.5000 -4.7870%
December 276.1971 -1.4869% -3.3230% 0.1104% 8185.7998 -0.4705%
January 274.0622 -0.7730% -2.6091% 0.0681% 8561.2998 4.5872%
February 274.9559 0.3261% -1.5100% 0.0228% 8879.5996 3.7179%
March 275.4027 0.1625% -1.6736% 0.0280% 9173.7500 3.3127%
 RESULTS:

With excel formula: Without excel formula:

Wipro Nifty
Average return 0.0184 0.0097 Average return
Variance 0.0043 0.0047 Variance
Standard deviation 0.0653 0.0682 Standard deviation
Systematic Variance 0.0007 --
Systematic risk 0.0269 -- Systematic risk
Unsystematic risk 0.0595 -- Unsystematic risk
Beta 0.3945 -- Beta
NIFTY

(Rm-R)=2 (Rm-R)^2 1*2

6.0028% 0.3603% 0.0072%

4.1189% 0.1696% 0.1277%
-0.4431% 0.0020% -0.0049%
3.9089% 0.1528% -0.0034%
-2.3988% 0.0575% 0.1277%
11.5186% 1.3268% 0.3416%
16.5443% 2.7372% -0.1787%
-3.3039% 0.1092% -0.1163%
5.5552% 0.3086% 0.0659%
-17.2760% 2.9846% 3.6302%
0.7081% 0.0050% 0.0445%
-10.3284% 1.0668% -0.9488%
8.1450% 0.6634% -0.4399%
-6.6929% 0.4479% 0.7367%
-18.0004% 3.2401% 3.6691%
6.2698% 0.3931% 0.8949%
-0.3426% 0.0012% 0.0023%
-11.0311% 1.2169% 0.2448%
-27.3772% 7.4951% 3.3576%
-5.4893% 0.3013% 0.0772%
6.4394% 0.4147% 0.0428%
-3.8174% 0.1457% -0.1094%
-4.8332% 0.2336% -0.0871%
8.3433% 0.6961% 0.7412%
14.0284% 1.9680% 0.2798%
27.0992% 7.3436% 1.4625%
-4.5149% 0.2038% -0.5405%
7.0812% 0.5014% 0.6730%
-0.4137% 0.0017% 0.0461%
8.0816% 0.6531% 0.9876%
-8.2889% 0.6871% -0.4124%
5.8459% 0.3418% 0.1695%
2.3782% 0.0566% -0.0278%
-7.1003% 0.5041% 0.0409%
-0.1424% 0.0002% -0.0049%
5.6723% 0.3217% -0.4544%
-0.4163% 0.0017% -0.0487%
-4.5989% 0.2115% -0.0456%
3.4804% 0.1211% 0.4092%
 0.0703% 0.0000% -0.0056%
-0.3186% 0.0010% -0.0128%
10.6493% 1.1341% 0.2888%
-1.1700% 0.0137% 0.1109%
-3.5426% 0.1255% 0.2835%
3.6692% 0.1346% 0.2132%
-11.2138% 1.2575% 0.9386%
-4.1026% 0.1683% -0.1896%
8.4176% 0.7086% -0.4626%
-2.4111% 0.0581% -0.0824%
-5.7743% 0.3334% -0.8330%
2.2178% 0.0492% -0.1086%
-3.8957% 0.1518% 0.3911%
-9.7411% 0.9489% -0.4484%
-2.1217% 0.0450% 0.1874%
6.7881% 0.4608% -0.2367%
-10.2514% 1.0509% 0.7954%
-5.2663% 0.2773% -0.1630%
11.4664% 1.3148% -0.8158%
2.6096% 0.0681% 0.2250%
-2.6316% 0.0693% -0.0162%
-1.8620% 0.0347% -0.0575%
-7.1386% 0.5096% 0.6129%
6.2352% 0.3888% 0.4983%
-1.9122% 0.0366% -0.0575%
-0.4027% 0.0016% -0.0036%
7.4918% 0.5613% 0.1956%
-2.4327% 0.0592% 0.1140%
3.6624% 0.1341% 0.0615%
-0.5375% 0.0029% 0.0063%
1.2287% 0.0151% 0.0137%
-6.6291% 0.4394% 0.4364%
-1.1513% 0.0133% -0.0750%
3.3912% 0.1150% 0.2064%
-0.0268% 0.0000% -0.0011%
-3.3683% 0.1135% 0.0823%
-2.6820% 0.0719% -0.0700%
-5.6726% 0.3218% 0.0444%
3.8487% 0.1481% 0.0804%
8.8643% 0.7858% 0.3158%
-2.9203% 0.0853% 0.2661%
1.1040% 0.0122% 0.0159%
-4.3695% 0.1909% 0.0379%
2.1114% 0.0446% -0.0210%
5.8398% 0.3410% 0.1015%
-1.0832% 0.0117% 0.0223%
7.0008% 0.4901% 0.2308%
4.3084% 0.1856% -0.1008%
0.4777% 0.0023% 0.0444%
2.0514% 0.0421% 0.2133%
-0.8355% 0.0070% 0.0529%
3.5204% 0.1239% 0.0245%
2.2300% 0.0497% 0.1008%
-4.5246% 0.2047% 0.2174%
5.3861% 0.2901% 0.4196%
-0.5616% 0.0032% -0.0092%
-4.9648% 0.2465% 0.0837%
-4.6119% 0.2127% 0.3217%
2.1151% 0.0447% 0.1119%
-1.7394% 0.0303% -0.0341%
0.9970% 0.0099% 0.0315%
-7.8098% 0.6099% 0.6826%
-0.9675% 0.0094% 0.0073%
0.5038% 0.0025% -0.0207%
-2.5854% 0.0668% 0.0206%
-0.8270% 0.0068% -0.0021%
-5.7842% 0.3346% 0.6555%
-8.5890% 0.7377% 0.6203%
9.7866% 0.9578% 0.3465%
0.4727% 0.0022% 0.0403%
2.9861% 0.0892% 0.0957%
0.5974% 0.0036% 0.0281%
3.2653% 0.1066% -0.1031%
0.7429% 0.0055% -0.0455%
-2.9592% 0.0876% 0.2519%
-0.6551% 0.0043% -0.0371%
-5.7539% 0.3311% 0.2635%
-1.4374% 0.0207% 0.0478%
3.6203% 0.1311% -0.0945%
2.7510% 0.0757% -0.0415%
2.3458% 0.0550% -0.0393%
Wipro Nifty
0.0184 0.0097
0.0043 0.0047
0.0653 0.0682

0.0269 --
0.0595 --
0.3945 --
 CIPLA NIFTY

Share Return Ri Share Return Rm

Year Begning price % (Ri-R)=1 (Ri-R)^2 price %
March 220.5978 3821.55
2007-08 April 196.5165 -10.9164% -12.0261% 1.4463% 4087.9000 6.9697%
May 202.5718 3.0813% 1.9716% 0.0389% 4295.8000 5.0857%
June 193.9081 -4.2768% -5.3865% 0.2901% 4318.3000 0.5238%
July 177.9781 -8.2152% -9.3249% 0.8695% 4528.8500 4.8758%
August 155.2942 -12.7454% -13.8550% 1.9196% 4464.0000 -1.4319%
September 171.6613 10.5394% 9.4298% 0.8892% 5021.3501 12.4854%
October 168.3655 -1.9199% -3.0296% 0.0918% 5900.6499 17.5112%
November 172.4146 2.4049% 1.2953% 0.0168% 5762.75 -2.3370%
December 200.2401 16.1387% 15.0290% 2.2587% 6138.6001 6.5221%
January 178.2057 -11.0040% -12.1137% 1.4674% 5137.4502 -16.3091%
February 195.0140 9.4320% 8.3223% 0.6926% 5223.5 1.6750%
March 207.1612 6.2289% 5.1192% 0.2621% 4734.5 -9.3615%
2008-09 April 200.5697 -3.1818% -4.2915% 0.1842% 5165.8999 9.1118%
May 199.7222 -0.4225% -1.5322% 0.0235% 4870.1001 -5.7260%
June 198.7335 -0.4951% -1.6047% 0.0258% 4040.5500 -17.0335%
July 206.1254 3.7195% 2.6098% 0.0681% 4332.9502 7.2366%
August 226.0411 9.6619% 8.5523% 0.7314% 4360.0000 0.6243%
September 217.1641 -3.9272% -5.0368% 0.2537% 3921.2000 -10.0642%
October 168.2986 -22.5017% -23.6113% 5.5749% 2885.6001 -26.4103%
November 190.0957 12.9515% 11.8418% 1.4023% 2755.1001 -4.5225%
December 177.2264 -6.7699% -7.8796% 0.6209% 2959.1499 7.4063%
January 182.3076 2.8671% 1.7574% 0.0309% 2874.8000 -2.8505%
February 181.8802 -0.2344% -1.3441% 0.0181% 2763.6499 -3.8664%
March 208.9961 14.9086% 13.7989% 1.9041% 3020.9500 9.3102%
2009-10 April 229.8434 9.9750% 8.8653% 0.7859% 3473.9500 14.9953%
May 211.6079 -7.9339% -9.0436% 0.8179% 4448.9502 28.0660%
June 240.6233 13.7119% 12.6022% 1.5881% 4291.1001 -3.5480%
July 261.2332 8.5652% 7.4555% 0.5558% 4636.4502 8.0481%
August 257.2442 -1.5270% -2.6367% 0.0695% 4662.1001 0.5532%
September 267.7972 4.1023% 2.9926% 0.0896% 5083.9502 9.0485%
October 274.6858 2.5723% 1.4627% 0.0214% 4711.7002 -7.3221%
November 306.1632 11.4594% 10.3497% 1.0712% 5032.7002 6.8128%
December 320.5624 4.7031% 3.5934% 0.1291% 5201.0498 3.3451%
January 303.4843 -5.3275% -6.4372% 0.4144% 4882.0498 -6.1334%
February 302.4797 -0.3310% -1.4407% 0.0208% 4922.2998 0.8244%
March 323.7198 7.0220% 5.9123% 0.3496% 5249.1001 6.6392%
2010-11 April 328.3122 1.4186% 0.3090% 0.0010% 5278.0000 0.5506%
May 305.2065 -7.0377% -8.1474% 0.6638% 5086.2998 -3.6321%
June 323.8633 6.1128% 5.0032% 0.2503% 5312.5000 4.4472%
 July 312.1908 -3.6041% -4.7138% 0.2222% 5367.6001 1.0372%
August 293.7175 -5.9173% -7.0270% 0.4938% 5402.3999 0.6483%
September 312.2171 6.2984% 5.1888% 0.2692% 6029.9502 11.6161%
October 341.8552 9.4928% 8.3831% 0.7028% 6017.7002 -0.2032%
November 332.5085 -2.7341% -3.8438% 0.1477% 5862.7002 -2.5757%
December 358.1755 7.7192% 6.6095% 0.4369% 6134.5000 4.6361%
January 321.7090 -10.1812% -11.2909% 1.2748% 5505.8999 -10.2470%
February 290.2307 -9.7847% -10.8944% 1.1869% 5333.2500 -3.1357%
March 311.5391 7.3419% 6.2322% 0.3884% 5833.7500 9.3845%
2011-12 April 299.7711 -3.7774% -4.8871% 0.2388% 5749.5000 -1.4442%
May 315.8008 5.3473% 4.2377% 0.1796% 5473.1001 -4.8074%
June 320.6436 1.5335% 0.4238% 0.0018% 5647.3999 3.1847%
July 296.9622 -7.3856% -8.4953% 0.7217% 5482.0000 -2.9288%
August 271.8763 -8.4475% -9.5572% 0.9134% 5001.0000 -8.7742%
September 274.3094 0.8949% -0.2148% 0.0005% 4943.2500 -1.1548%
October 288.0078 4.9938% 3.8841% 0.1509% 5326.6001 7.7550%
November 319.8408 11.0528% 9.9431% 0.9887% 4832.0498 -9.2845%
December 311.8947 -2.4844% -3.5940% 0.1292% 4624.2998 -4.2994%
January 341.4853 9.4873% 8.3777% 0.7019% 5199.2500 12.4332%
February 309.0186 -9.5075% -10.6172% 1.1272% 5385.2002 3.5765%
March 297.4651 -3.7388% -4.8484% 0.2351% 5295.5498 -1.6648%
2012-13 April 304.1924 2.2615% 1.1519% 0.0133% 5248.1499 -0.8951%
May 302.1450 -0.6731% -1.7827% 0.0318% 4924.2500 -6.1717%
June 308.6285 2.1458% 1.0362% 0.0107% 5278.8999 7.2021%
July 330.1268 6.9657% 5.8561% 0.3429% 5229.0000 -0.9453%
August 367.0296 11.1784% 10.0687% 1.0138% 5258.5000 0.5642%
September 372.7903 1.5695% 0.4599% 0.0021% 5703.2998 8.4587%
October 356.3133 -4.4199% -5.5296% 0.3058% 5619.7002 -1.4658%
November 406.6758 14.1343% 13.0246% 1.6964% 5879.8501 4.6292%
December 406.2835 -0.0965% -1.2061% 0.0145% 5905.1001 0.4294%
January 399.2220 -1.7381% -2.8478% 0.0811% 6034.7500 2.1956%
February 352.9297 -11.5956% -12.7053% 1.6142% 5693.0498 -5.6622%
March 372.4470 5.5301% 4.4204% 0.1954% 5682.5498 -0.1844%
2013-14 April 397.5056 6.7281% 5.6184% 0.3157% 5930.2002 4.3581%
May 363.4239 -8.5739% -9.6836% 0.9377% 5985.9502 0.9401%
June 384.4123 5.7752% 4.6655% 0.2177% 5842.2002 -2.4015%
July 392.6017 2.1304% 1.0207% 0.0104% 5742.0000 -1.7151%
August 408.9316 4.1594% 3.0497% 0.0930% 5471.7998 -4.7057%
September 426.3371 4.2563% 3.1467% 0.0990% 5735.2998 4.8156%
October 407.3121 -4.4624% -5.5721% 0.3105% 6299.1499 9.8312%
November 385.6749 -5.3122% -6.4219% 0.4124% 6176.1001 -1.9534%
December 395.0888 2.4409% 1.3312% 0.0177% 6304.0000 2.0709%
January 404.7492 2.4451% 1.3354% 0.0178% 6089.5000 -3.4026%
February 378.8239 -6.4053% -7.5149% 0.5647% 6276.9502 3.0783%
March 377.3453 -0.3903% -1.5000% 0.0225% 6704.2002 6.8066%
2014-15 April 391.7865 3.8271% 2.7174% 0.0738% 6696.3999 -0.1163%
May 379.0704 -3.2457% -4.3554% 0.1897% 7229.9502 7.9677%
June 431.7587 13.8994% 12.7897% 1.6358% 7611.3501 5.2753%
July 449.9951 4.2237% 3.1141% 0.0970% 7721.2998 1.4445%
August 506.8729 12.6397% 11.5300% 1.3294% 7954.3501 3.0183%
September 620.6865 22.4541% 21.3444% 4.5558% 7964.7998 0.1314%
October 660.0488 6.3417% 5.2321% 0.2737% 8322.2002 4.4872%
November 628.9551 -4.7108% -5.8205% 0.3388% 8588.2500 3.1969%
December 620.2905 -1.3776% -2.4873% 0.0619% 8282.7002 -3.5578%
January 688.9640 11.0712% 9.9615% 0.9923% 8808.9004 6.3530%
February 663.3167 -3.7226% -4.8323% 0.2335% 8844.5996 0.4053%
March 705.5012 6.3596% 5.2500% 0.2756% 8491.0000 -3.9979%
2015-16 April 629.7968 -10.7306% -11.8403% 1.4019% 8181.5000 -3.6450%
May 644.1059 2.2720% 1.1623% 0.0135% 8433.6504 3.0820%
June 609.3977 -5.3886% -6.4983% 0.4223% 8368.5000 -0.7725%
July 702.1343 15.2177% 14.1081% 1.9904% 8532.8496 1.9639%
August 675.4967 -3.7938% -4.9035% 0.2404% 7948.9502 -6.8430%
September 631.6124 -6.4966% -7.6063% 0.5786% 7948.8999 -0.0006%
October 685.6329 8.5528% 7.4431% 0.5540% 8065.7998 1.4706%
November 639.1594 -6.7782% -7.8879% 0.6222% 7935.2500 -1.6186%
December 645.2169 0.9477% -0.1620% 0.0003% 7946.3501 0.1399%
January 581.0179 -9.9500% -11.0597% 1.2232% 7563.5498 -4.8173%
February 510.5629 -12.1261% -13.2358% 1.7519% 6987.0498 -7.6221%
March 508.3783 -0.4279% -1.5376% 0.0236% 7738.3999 10.7535%
2016-17 April 533.2535 4.8930% 3.7834% 0.1431% 7849.7998 1.4396%
May 469.3524 -11.9832% -13.0929% 1.7142% 8160.1001 3.9530%
June 497.5047 5.9981% 4.8884% 0.2390% 8287.7500 1.5643%
July 523.7205 5.2695% 4.1598% 0.1730% 8638.5000 4.2321%
August 568.9527 8.6367% 7.5270% 0.5666% 8786.2002 1.7098%
September 576.0031 1.2392% 0.1295% 0.0002% 8611.1504 -1.9923%
October 573.1119 -0.5019% -1.6116% 0.0260% 8638.0000 0.3118%
November 564.5922 -1.4866% -2.5963% 0.0674% 8224.5000 -4.7870%
December 566.7844 0.3883% -0.7214% 0.0052% 8185.7998 -0.4705%
January 573.3112 1.1515% 0.0419% 0.0000% 8561.2998 4.5872%
February 581.6316 1.4513% 0.3416% 0.0012% 8879.5996 3.7179%
March 590.8488 1.5847% 0.4750% 0.0023% 9173.7500 3.3127%
 RESULTS:

With excel formula: Without excel formula:

Cipla Nifty
Average return 0.0111 0.0097 Average return
Variance 0.0057 0.0047 Variance
Standard deviation 0.0756 0.0682 Standard deviation
Systematic Variance 0.0006 --
Systematic risk 0.0240 -- Systematic risk
Unsystematic risk 0.0717 -- Unsystematic risk
Beta 0.3523 -- Beta
NIFTY

(Rm-R)=2 (Rm-R)^2 1*2

6.0028% 0.3603% -0.7219%

4.1189% 0.1696% 0.0812%
-0.4431% 0.0020% 0.0239%
3.9089% 0.1528% -0.3645%
-2.3988% 0.0575% 0.3324%
11.5186% 1.3268% 1.0862%
16.5443% 2.7372% -0.5012%
-3.3039% 0.1092% -0.0428%
5.5552% 0.3086% 0.8349%
-17.2760% 2.9846% 2.0928%
0.7081% 0.0050% 0.0589%
-10.3284% 1.0668% -0.5287%
8.1450% 0.6634% -0.3495%
-6.6929% 0.4479% 0.1025%
-18.0004% 3.2401% 0.2889%
6.2698% 0.3931% 0.1636%
-0.3426% 0.0012% -0.0293%
-11.0311% 1.2169% 0.5556%
-27.3772% 7.4951% 6.4641%
-5.4893% 0.3013% -0.6500%
6.4394% 0.4147% -0.5074%
-3.8174% 0.1457% -0.0671%
-4.8332% 0.2336% 0.0650%
8.3433% 0.6961% 1.1513%
14.0284% 1.9680% 1.2437%
27.0992% 7.3436% -2.4507%
-4.5149% 0.2038% -0.5690%
7.0812% 0.5014% 0.5279%
-0.4137% 0.0017% 0.0109%
8.0816% 0.6531% 0.2419%
-8.2889% 0.6871% -0.1212%
5.8459% 0.3418% 0.6050%
2.3782% 0.0566% 0.0855%
-7.1003% 0.5041% 0.4571%
-0.1424% 0.0002% 0.0021%
5.6723% 0.3217% 0.3354%
-0.4163% 0.0017% -0.0013%
-4.5989% 0.2115% 0.3747%
3.4804% 0.1211% 0.1741%
 0.0703% 0.0000% -0.0033%
-0.3186% 0.0010% 0.0224%
10.6493% 1.1341% 0.5526%
-1.1700% 0.0137% -0.0981%
-3.5426% 0.1255% 0.1362%
3.6692% 0.1346% 0.2425%
-11.2138% 1.2575% 1.2661%
-4.1026% 0.1683% 0.4470%
8.4176% 0.7086% 0.5246%
-2.4111% 0.0581% 0.1178%
-5.7743% 0.3334% -0.2447%
2.2178% 0.0492% 0.0094%
-3.8957% 0.1518% 0.3309%
-9.7411% 0.9489% 0.9310%
-2.1217% 0.0450% 0.0046%
6.7881% 0.4608% 0.2637%
-10.2514% 1.0509% -1.0193%
-5.2663% 0.2773% 0.1893%
11.4664% 1.3148% 0.9606%
2.6096% 0.0681% -0.2771%
-2.6316% 0.0693% 0.1276%
-1.8620% 0.0347% -0.0214%
-7.1386% 0.5096% 0.1273%
6.2352% 0.3888% 0.0646%
-1.9122% 0.0366% -0.1120%
-0.4027% 0.0016% -0.0405%
7.4918% 0.5613% 0.0345%
-2.4327% 0.0592% 0.1345%
3.6624% 0.1341% 0.4770%
-0.5375% 0.0029% 0.0065%
1.2287% 0.0151% -0.0350%
-6.6291% 0.4394% 0.8422%
-1.1513% 0.0133% -0.0509%
3.3912% 0.1150% 0.1905%
-0.0268% 0.0000% 0.0026%
-3.3683% 0.1135% -0.1572%
-2.6820% 0.0719% -0.0274%
-5.6726% 0.3218% -0.1730%
3.8487% 0.1481% 0.1211%
8.8643% 0.7858% -0.4939%
-2.9203% 0.0853% 0.1875%
1.1040% 0.0122% 0.0147%
-4.3695% 0.1909% -0.0584%
2.1114% 0.0446% -0.1587%
5.8398% 0.3410% -0.0876%
-1.0832% 0.0117% -0.0294%
7.0008% 0.4901% -0.3049%
4.3084% 0.1856% 0.5510%
0.4777% 0.0023% 0.0149%
2.0514% 0.0421% 0.2365%
-0.8355% 0.0070% -0.1783%
3.5204% 0.1239% 0.1842%
2.2300% 0.0497% -0.1298%
-4.5246% 0.2047% 0.1125%
5.3861% 0.2901% 0.5365%
-0.5616% 0.0032% 0.0271%
-4.9648% 0.2465% -0.2606%
-4.6119% 0.2127% 0.5461%
2.1151% 0.0447% 0.0246%
-1.7394% 0.0303% 0.1130%
0.9970% 0.0099% 0.1407%
-7.8098% 0.6099% 0.3830%
-0.9675% 0.0094% 0.0736%
0.5038% 0.0025% 0.0375%
-2.5854% 0.0668% 0.2039%
-0.8270% 0.0068% 0.0013%
-5.7842% 0.3346% 0.6397%
-8.5890% 0.7377% 1.1368%
9.7866% 0.9578% -0.1505%
0.4727% 0.0022% 0.0179%
2.9861% 0.0892% -0.3910%
0.5974% 0.0036% 0.0292%
3.2653% 0.1066% 0.1358%
0.7429% 0.0055% 0.0559%
-2.9592% 0.0876% -0.0038%
-0.6551% 0.0043% 0.0106%
-5.7539% 0.3311% 0.1494%
-1.4374% 0.0207% 0.0104%
3.6203% 0.1311% 0.0015%
2.7510% 0.0757% 0.0094%
2.3458% 0.0550% 0.0111%
Cipla Nifty
0.0111 0.0097
0.0057 0.0047
0.0756 0.0682

0.0240 --
0.0717 --
0.3523 --
 ICICI BANK NIFTY

Share Return Ri Share Return Rm

Year Begning price % (Ri-R)=1 (Ri-R)^2 price %
March 65.8665 3821.5500
2007-08 April 66.8310 1.4643% -0.4341% 0.0019% 4087.9000 6.9697%
May 70.9450 6.1559% 4.2575% 0.1813% 4295.8000 5.0857%
June 81.1217 14.3444% 12.4460% 1.5490% 4318.3000 0.5238%
July 76.1694 -6.1048% -8.0031% 0.6405% 4528.8500 4.8758%
August 72.9623 -4.2105% -6.1088% 0.3732% 4464.0000 -1.4319%
September 87.2528 19.5862% 17.6878% 3.1286% 5021.3501 12.4854%
October 102.9925 18.0391% 16.1407% 2.6052% 5900.6499 17.5112%
November 96.7797 -6.0322% -7.9306% 0.6289% 5762.7500 -2.3370%
December 101.7317 5.1168% 3.2184% 0.1036% 6138.6001 6.5221%
January 94.2005 -7.4030% -9.3014% 0.8652% 5137.4502 -16.3091%
February 89.3962 -5.1001% -6.9985% 0.4898% 5223.5000 1.6750%
March 63.1893 -29.3155% -31.2139% 9.7430% 4734.5000 -9.3615%
2008-09 April 72.2396 14.3226% 12.4242% 1.5436% 5165.8999 9.1118%
May 64.7662 -10.3453% -12.2437% 1.4991% 4870.1001 -5.7260%
June 51.7571 -20.0862% -21.9846% 4.8332% 4040.5500 -17.0335%
July 52.3402 1.1267% -0.7717% 0.0060% 4332.9502 7.2366%
August 61.1308 16.7950% 14.8967% 2.2191% 4360.0000 0.6243%
September 48.7252 -20.2935% -22.1918% 4.9248% 3921.2000 -10.0642%
October 36.2790 -25.5438% -27.4422% 7.5307% 2885.6001 -26.4103%
November 31.9937 -11.8119% -13.7102% 1.8797% 2755.1001 -4.5225%
December 40.7689 27.4277% 25.5294% 6.5175% 2959.1499 7.4063%
January 37.8711 -7.1078% -9.0062% 0.8111% 2874.8000 -2.8505%
February 29.8011 -21.3092% -23.2076% 5.3859% 2763.6499 -3.8664%
March 30.2787 1.6027% -0.2956% 0.0009% 3020.9500 9.3102%
2009-10 April 43.7622 44.5313% 42.6330% 18.1757% 3473.9500 14.9953%
May 67.3402 53.8776% 51.9792% 27.0184% 4448.9502 28.0660%
June 65.7069 -2.4254% -4.3238% 0.1870% 4291.1001 -3.5480%
July 75.0851 14.2727% 12.3743% 1.5312% 4636.4502 8.0481%
August 74.3577 -0.9687% -2.8671% 0.0822% 4662.1001 0.5532%
September 89.8447 20.8277% 18.9293% 3.5832% 5083.9502 9.0485%
October 78.2827 -12.8689% -14.7673% 2.1807% 4711.7002 -7.3221%
November 85.9099 9.7432% 7.8448% 0.6154% 5032.7002 6.8128%
December 86.8159 1.0546% -0.8438% 0.0071% 5201.0498 3.3451%
January 82.1978 -5.3194% -7.2177% 0.5210% 4882.0498 -6.1334%
February 86.3357 5.0340% 3.1356% 0.0983% 4922.2998 0.8244%
March 94.2896 9.2128% 7.3144% 0.5350% 5249.1001 6.6392%
2010-11 April 94.2352 -0.0577% -1.9561% 0.0383% 5278.0000 0.5506%
May 85.9546 -8.7872% -10.6855% 1.1418% 5086.2998 -3.6321%
June 85.3012 -0.7601% -2.6585% 0.0707% 5312.5000 4.4472%
 July 97.3713 14.1500% 12.2516% 1.5010% 5367.6001 1.0372%
August 105.2053 8.0455% 6.1471% 0.3779% 5402.3999 0.6483%
September 119.7589 13.8335% 11.9351% 1.4245% 6029.9502 11.6161%
October 125.1445 4.4971% 2.5987% 0.0675% 6017.7002 -0.2032%
November 122.8956 -1.7971% -3.6955% 0.1366% 5862.7002 -2.5757%
December 123.2181 0.2625% -1.6359% 0.0268% 6134.5000 4.6361%
January 109.9287 -10.7853% -12.6837% 1.6088% 5505.8999 -10.2470%
February 104.4679 -4.9676% -6.8659% 0.4714% 5333.2500 -3.1357%
March 120.1081 14.9713% 13.0729% 1.7090% 5833.7500 9.3845%
2011-12 April 119.9199 -0.1567% -2.0550% 0.0422% 5749.5000 -1.4442%
May 116.8696 -2.5436% -4.4420% 0.1973% 5473.1001 -4.8074%
June 117.7893 0.7869% -1.1114% 0.0124% 5647.3999 3.1847%
July 120.0836 1.9478% 0.0494% 0.0000% 5482.0000 -2.9288%
August 101.1461 -15.7703% -17.6687% 3.1218% 5001.0000 -8.7742%
September 101.3951 0.2462% -1.6521% 0.0273% 4943.2500 -1.1548%
October 107.8523 6.3683% 4.4699% 0.1998% 5326.6001 7.7550%
November 82.5207 -23.4873% -25.3857% 6.4443% 4832.0498 -9.2845%
December 79.3010 -3.9016% -5.8000% 0.3364% 4624.2998 -4.2994%
January 104.4931 31.7676% 29.8693% 8.9217% 5199.2500 12.4332%
February 104.9741 0.4603% -1.4381% 0.0207% 5385.2002 3.5765%
March 103.1095 -1.7763% -3.6747% 0.1350% 5295.5498 -1.6648%
2012-13 April 102.1998 -0.8823% -2.7806% 0.0773% 5248.1499 -0.8951%
May 90.7214 -11.2313% -13.1297% 1.7239% 4924.2500 -6.1717%
June 117.2003 29.1871% 27.2887% 7.4468% 5278.8999 7.2021%
July 125.2659 6.8819% 4.9835% 0.2484% 5229.0000 -0.9453%
August 117.5458 -6.1630% -8.0614% 0.6499% 5258.5000 0.5642%
September 137.9567 17.3642% 15.4658% 2.3919% 5703.2998 8.4587%
October 136.8358 -0.8124% -2.7108% 0.0735% 5619.7002 -1.4658%
November 143.3055 4.7281% 2.8297% 0.0801% 5879.8501 4.6292%
December 148.3090 3.4915% 1.5931% 0.0254% 5905.1001 0.4294%
January 155.2015 4.6474% 2.7490% 0.0756% 6034.7500 2.1956%
February 135.5596 -12.6558% -14.5541% 2.1182% 5693.0498 -5.6622%
March 136.1844 0.4610% -1.4374% 0.0207% 5682.5498 -0.1844%
2013-14 April 151.6184 11.3331% 9.4348% 0.8901% 5930.2002 4.3581%
May 150.4195 -0.7907% -2.6891% 0.0723% 5985.9502 0.9401%
June 153.4034 1.9837% 0.0854% 0.0001% 5842.2002 -2.4015%
July 130.2371 -15.1016% -16.9999% 2.8900% 5742.0000 -1.7151%
August 115.1506 -11.5838% -13.4822% 1.8177% 5471.7998 -4.7057%
September 126.5983 9.9414% 8.0431% 0.6469% 5735.2998 4.8156%
October 160.5952 26.8542% 24.9558% 6.2279% 6299.1499 9.8312%
November 153.1024 -4.6656% -6.5640% 0.4309% 6176.1001 -1.9534%
December 157.4149 2.8168% 0.9184% 0.0084% 6304.0000 2.0709%
January 141.5051 -10.1070% -12.0053% 1.4413% 6089.5000 -3.4026%
February 149.5495 5.6849% 3.7865% 0.1434% 6276.9502 3.0783%
March 178.3749 19.2749% 17.3765% 3.0194% 6704.2002 6.8066%
2014-15 April 178.1385 -0.1325% -2.0309% 0.0412% 6696.3999 -0.1163%
May 203.1597 14.0459% 12.1476% 1.4756% 7229.9502 7.9677%
June 203.1739 0.0070% -1.8914% 0.0358% 7611.3501 5.2753%
July 252.5431 24.2990% 22.4006% 5.0179% 7721.2998 1.4445%
August 267.2284 5.8150% 3.9166% 0.1534% 7954.3501 3.0183%
September 246.0715 -7.9172% -9.8155% 0.9635% 7964.7998 0.1314%
October 279.2183 13.4704% 11.5721% 1.3391% 8322.2002 4.4872%
November 301.1466 7.8535% 5.9551% 0.3546% 8588.2500 3.1969%
December 303.0518 0.6326% -1.2657% 0.0160% 8282.7002 -3.5578%
January 309.5745 2.1523% 0.2540% 0.0006% 8808.9004 6.3530%
February 287.7321 -7.0556% -8.9540% 0.8017% 8844.5996 0.4053%
March 270.7810 -5.8913% -7.7896% 0.6068% 8491.0000 -3.9979%
2015-16 April 284.2126 4.9603% 3.0619% 0.0938% 8181.5000 -3.6450%
May 272.2831 -4.1974% -6.0957% 0.3716% 8433.6504 3.0820%
June 264.3443 -2.9156% -4.8140% 0.2317% 8368.5000 -0.7725%
July 264.4559 0.0422% -1.8561% 0.0345% 8532.8496 1.9639%
August 271.7102 2.7431% 0.8447% 0.0071% 7948.9502 -6.8430%
September 236.4278 -12.9853% -14.8837% 2.2152% 7948.8999 -0.0006%
October 242.2429 2.4596% 0.5612% 0.0031% 8065.7998 1.4706%
November 239.2262 -1.2453% -3.1437% 0.0988% 7935.2500 -1.6186%
December 228.5569 -4.4599% -6.3583% 0.4043% 7946.3501 0.1399%
January 201.2714 -11.9382% -13.8365% 1.9145% 7563.5498 -4.8173%
February 166.2035 -17.4232% -19.3216% 3.7332% 6987.0498 -7.6221%
March 206.9557 24.5195% 22.6211% 5.1171% 7738.3999 10.7535%
2016-17 April 207.2183 0.1269% -1.7715% 0.0314% 7849.7998 1.4396%
May 213.9522 3.2496% 1.3513% 0.0183% 8160.1001 3.9530%
June 210.3669 -1.6757% -3.5741% 0.1277% 8287.7500 1.5643%
July 235.1279 11.7704% 9.8720% 0.9746% 8638.5000 4.2321%
August 230.7451 -1.8640% -3.7624% 0.1416% 8786.2002 1.7098%
September 225.5132 -2.2674% -4.1657% 0.1735% 8611.1504 -1.9923%
October 247.6045 9.7960% 7.8976% 0.6237% 8638.0000 0.3118%
November 237.4979 -4.0817% -5.9801% 0.3576% 8224.5000 -4.7870%
December 228.3309 -3.8598% -5.7582% 0.3316% 8185.7998 -0.4705%
January 240.5388 5.3466% 3.4482% 0.1189% 8561.2998 4.5872%
February 247.1568 2.7513% 0.8530% 0.0073% 8879.5996 3.7179%
March 247.6045 0.1811% -1.7173% 0.0295% 9173.7500 3.3127%
 RESULTS:

With excel formula: Without excel formula:

ICICI Bank Nifty
Average return 0.0190 0.0097 Average return
Variance 0.0167 0.0047 Variance
Standard deviation 0.1293 0.0682 Standard deviation
Systematic Variance 0.0111 --
Systematic risk 0.1056 -- Systematic risk
Unsystematic risk 0.0746 -- Unsystematic risk
Beta 1.5474 -- Beta
NIFTY

(Rm-R)=2 (Rm-R)^2 1*2

6.0028% 0.3603% -0.0261%

4.1189% 0.1696% 0.1754%
-0.4431% 0.0020% -0.0552%
3.9089% 0.1528% -0.3128%
-2.3988% 0.0575% 0.1465%
11.5186% 1.3268% 2.0374%
16.5443% 2.7372% 2.6704%
-3.3039% 0.1092% 0.2620%
5.5552% 0.3086% 0.1788%
-17.2760% 2.9846% 1.6069%
0.7081% 0.0050% -0.0496%
-10.3284% 1.0668% 3.2239%
8.1450% 0.6634% 1.0119%
-6.6929% 0.4479% 0.8195%
-18.0004% 3.2401% 3.9573%
6.2698% 0.3931% -0.0484%
-0.3426% 0.0012% -0.0510%
-11.0311% 1.2169% 2.4480%
-27.3772% 7.4951% 7.5129%
-5.4893% 0.3013% 0.7526%
6.4394% 0.4147% 1.6439%
-3.8174% 0.1457% 0.3438%
-4.8332% 0.2336% 1.1217%
8.3433% 0.6961% -0.0247%
14.0284% 1.9680% 5.9807%
27.0992% 7.3436% 14.0859%
-4.5149% 0.2038% 0.1952%
7.0812% 0.5014% 0.8762%
-0.4137% 0.0017% 0.0119%
8.0816% 0.6531% 1.5298%
-8.2889% 0.6871% 1.2241%
5.8459% 0.3418% 0.4586%
2.3782% 0.0566% -0.0201%
-7.1003% 0.5041% 0.5125%
-0.1424% 0.0002% -0.0045%
5.6723% 0.3217% 0.4149%
-0.4163% 0.0017% 0.0081%
-4.5989% 0.2115% 0.4914%
3.4804% 0.1211% -0.0925%
 0.0703% 0.0000% 0.0086%
-0.3186% 0.0010% -0.0196%
10.6493% 1.1341% 1.2710%
-1.1700% 0.0137% -0.0304%
-3.5426% 0.1255% 0.1309%
3.6692% 0.1346% -0.0600%
-11.2138% 1.2575% 1.4223%
-4.1026% 0.1683% 0.2817%
8.4176% 0.7086% 1.1004%
-2.4111% 0.0581% 0.0495%
-5.7743% 0.3334% 0.2565%
2.2178% 0.0492% -0.0246%
-3.8957% 0.1518% -0.0019%
-9.7411% 0.9489% 1.7211%
-2.1217% 0.0450% 0.0351%
6.7881% 0.4608% 0.3034%
-10.2514% 1.0509% 2.6024%
-5.2663% 0.2773% 0.3054%
11.4664% 1.3148% 3.4249%
2.6096% 0.0681% -0.0375%
-2.6316% 0.0693% 0.0967%
-1.8620% 0.0347% 0.0518%
-7.1386% 0.5096% 0.9373%
6.2352% 0.3888% 1.7015%
-1.9122% 0.0366% -0.0953%
-0.4027% 0.0016% 0.0325%
7.4918% 0.5613% 1.1587%
-2.4327% 0.0592% 0.0659%
3.6624% 0.1341% 0.1036%
-0.5375% 0.0029% -0.0086%
1.2287% 0.0151% 0.0338%
-6.6291% 0.4394% 0.9648%
-1.1513% 0.0133% 0.0165%
3.3912% 0.1150% 0.3200%
-0.0268% 0.0000% 0.0007%
-3.3683% 0.1135% -0.0029%
-2.6820% 0.0719% 0.4559%
-5.6726% 0.3218% 0.7648%
3.8487% 0.1481% 0.3096%
8.8643% 0.7858% 2.2122%
-2.9203% 0.0853% 0.1917%
1.1040% 0.0122% 0.0101%
-4.3695% 0.1909% 0.5246%
2.1114% 0.0446% 0.0799%
5.8398% 0.3410% 1.0147%
-1.0832% 0.0117% 0.0220%
7.0008% 0.4901% 0.8504%
4.3084% 0.1856% -0.0815%
0.4777% 0.0023% 0.1070%
2.0514% 0.0421% 0.0803%
-0.8355% 0.0070% 0.0820%
3.5204% 0.1239% 0.4074%
2.2300% 0.0497% 0.1328%
-4.5246% 0.2047% 0.0573%
5.3861% 0.2901% 0.0137%
-0.5616% 0.0032% 0.0503%
-4.9648% 0.2465% 0.3867%
-4.6119% 0.2127% -0.1412%
2.1151% 0.0447% -0.1289%
-1.7394% 0.0303% 0.0837%
0.9970% 0.0099% -0.0185%
-7.8098% 0.6099% -0.0660%
-0.9675% 0.0094% 0.1440%
0.5038% 0.0025% 0.0028%
-2.5854% 0.0668% 0.0813%
-0.8270% 0.0068% 0.0526%
-5.7842% 0.3346% 0.8003%
-8.5890% 0.7377% 1.6595%
9.7866% 0.9578% 2.2138%
0.4727% 0.0022% -0.0084%
2.9861% 0.0892% 0.0404%
0.5974% 0.0036% -0.0214%
3.2653% 0.1066% 0.3223%
0.7429% 0.0055% -0.0280%
-2.9592% 0.0876% 0.1233%
-0.6551% 0.0043% -0.0517%
-5.7539% 0.3311% 0.3441%
-1.4374% 0.0207% 0.0828%
3.6203% 0.1311% 0.1248%
2.7510% 0.0757% 0.0235%
2.3458% 0.0550% -0.0403%
ICICI Bank Nifty
0.0190 0.0097
0.0167 0.0047
0.1293 0.0682

0.1056 --
0.0746 --
1.5474 --