Date coal india Ltd. infosys Ltd. coal india Ltd. infosys Ltd.

1/1/2017 309.200012 464.299988

2/1/2017 321.899994 506.200012 4.03% 8.64%
3/1/2017 292.649994 511.125 -9.53% 0.97%
4/1/2017 276.649994 459.475006 -5.62% -10.65%
5/1/2017 262.549988 488.524994 -5.23% 6.13%
6/1/2017 244.25 467.774994 -7.22% -4.34%
7/1/2017 249.100006 505.600006 1.97% 7.78%
8/1/2017 237.399994 457.475006 -4.81% -10.00%
9/1/2017 270.850006 449.950012 13.18% -1.66%
10/1/2017 286.450012 460.924988 5.60% 2.41%
11/1/2017 272.350006 488.049988 -5.05% 5.72%
12/1/2017 262.950012 521.025024 -3.51% 6.54%
1/1/2018 299.549988 575.125 13.03% 9.88%
2/1/2018 309.149994 586.299988 3.15% 1.92%
3/1/2018 283.299988 565.900024 -8.73% -3.54%
4/1/2018 285 599.75 0.60% 5.81%
5/1/2018 296.25 615.900024 3.87% 2.66%
returns

6/1/2018 264.350006 653.599976 -11.39% 5.94%

7/1/2018 261.100006 682.549988 -1.24% 4.33%
8/1/2018 285.950012 720.549988 9.09% 5.42%
9/1/2018 266.25 730.049988 -7.14% 1.31%
10/1/2018 266.149994 686.400024 -0.04% -6.17%
11/1/2018 244.899994 667.450012 -8.32% -2.80%
12/1/2018 240.75 658.950012 -1.71% -1.28%
1/1/2019 224.649994 749.549988 -6.92% 12.88%
2/1/2019 228.300003 734.299988 1.61% -2.06%
3/1/2019 237.199997 743.849976 3.82% 1.29%
4/1/2019 252.149994 751.349976 6.11% 1.00%
5/1/2019 253.5 737.75 0.53% -1.83%
6/1/2019 253.800003 732 0.12% -0.78%
7/1/2019 204.449997 793.650024 -21.62% 8.09%
8/1/2019 184.75 814.900024 -10.13% 2.64%
9/1/2019 199.850006 805.650024 7.86% -1.14%
10/1/2019 207.550003 685.599976 3.78% -16.14%
11/1/2019 205.25 696.349976 -1.11% 1.56%
12/1/2019 211.350006 731.150024 2.93% 4.88%
1/1/2020 181.699997 775.950012 -15.12% 5.95%
 coal india Ltd. infosys Ltd.
Mean Return -1.48% 1.43%
Variance 0.005729505771003 0.0036469826
Standard Deviation 0.075693498868814 0.0603902526
Portfolio Risk -0.05971543213351
Positive Correlation
Weights Correlation 1 Correlation 2 Correlation 3
100% 0.00% 1.00 0.90 0.80
90% 10.00% 0.90 0.80 0.70
80% 20.00% 0.80 0.70 0.60
70% 30.00% 0.70 0.60 0.50
60% 40.00% 0.60 0.50 0.40
50% 50.00% 0.50 0.40 0.30
40% 60.00% 0.40 0.30 0.20
30% 70.00% 0.30 0.20 0.10
20% 80.00% 0.20 0.10 0.00
10% 90.00% 0.10 0.00 1.00
0% 100.00% 0.00 1.00 0.90

Portfolio Risk 1 Portfolio Risk 2Portfolio Risk 3Portfolio Risk 4

7.57% 7.57% 7.57% 7.57%
7.36% 7.30% 7.25% 7.19%
7.06% 6.95% 6.85% 6.74%
6.69% 6.55% 6.40% 6.25%
6.29% 6.12% 5.94% 5.75%
5.91% 5.71% 5.50% 5.29%
5.57% 5.37% 5.17% 4.95%
5.37% 5.18% 4.99% 4.80%
5.34% 5.21% 5.06% 6.35%
5.56% 5.49% 6.19% 6.13%
6.04% 6.04% 6.04% 6.04%

Portfolio Return Portfolio Risk Efficient Frontier

-1.48% 0.57% 2.00%
-1.19% 0.46%
1.50%
-0.90% 0.37%
-0.61% 0.30% 1.00%
-0.32% 0.25% 0.50%
-0.03% 0.22%
0.27% 0.21% 0.00%
0.56% 0.22% -0.50%
0.85% 0.25%
-1.00%
1.14% 0.30%
1.43% 0.36% -1.50%

-2.00%
0.15% 0.20% 0.25% 0.30% 0.35% 0.40% 0.45
-1.00%

-1.50%

-2.00%
0.15% 0.20% 0.25% 0.30% 0.35% 0.40% 0.45
Correlation
Correlation 4 Correlation 5 Correlation 6 Correlation 7 Correlation 8 Correlation 9
0.70 0.60 0.50 0.40 0.30 0.20
0.60 0.50 0.40 0.30 0.20 0.10
0.50 0.40 0.30 0.20 0.10 0.00
0.40 0.30 0.20 0.10 0.00 1.00
0.30 0.20 0.10 0.00 1.00 0.90
0.20 0.10 0.00 1.00 0.90 0.80
0.10 0.00 1.00 0.90 0.80 0.70
0.00 1.00 0.90 0.80 0.70 0.60
1.00 0.90 0.80 0.70 0.60 0.50
0.90 0.80 0.70 0.60 0.50 0.40
0.80 0.70 0.60 0.50 0.40 0.30

Portfolio Risk 5Portfolio Risk 6Portfolio Risk 7Portfolio Risk 8Portfolio Risk 9 Portfolio Risk 1
7.57% 7.57% 7.57% 7.57% 7.57% 7.57%
7.13% 7.08% 7.02% 6.96% 6.90% 6.84%
6.63% 6.52% 6.41% 6.29% 6.17% 7.26%
6.09% 5.93% 5.77% 5.60% 7.11% 6.97%
5.55% 5.35% 5.14% 6.96% 6.80% 6.63%
5.07% 4.84% 6.80% 6.63% 6.46% 6.28%
4.72% 6.65% 6.48% 6.31% 6.14% 5.95%
6.50% 6.35% 6.20% 6.04% 5.88% 5.71%
6.23% 6.11% 5.99% 5.87% 5.74% 5.61%
6.06% 5.99% 5.92% 5.85% 5.78% 5.71%
6.04% 6.04% 6.04% 6.04% 6.04% 6.04%

Efficient Frontier

INTERPRETATIONS

The yellow Point in graph indicates that it has

lowest possible risk with maximum return which
is (Return 0.27%, Risk 0.21%

Orange point indicates Maximum possible risk

(Return -1.48%, Risk 0.57%)

0.25% 0.30% 0.35% 0.40% 0.45% 0.50% 0.55% 0.60%

0.25% 0.30% 0.35% 0.40% 0.45% 0.50% 0.55% 0.60%
 Correlation 10 Correlation 11 Weights Correlation 1
0.10 0.00 100% 0.00% -1.00
0.00 1.00 90% 10.00% -0.90
1.00 0.90 80% 20.00% -0.80
0.90 0.80 70% 30.00% -0.70
0.80 0.70 60% 40.00% -0.60
0.70 0.60 50% 50.00% -0.50
0.60 0.50 40% 60.00% -0.40
0.50 0.40 30% 70.00% -0.30
0.40 0.30 20% 80.00% -0.20
0.30 0.20 10% 90.00% -0.10
0.20 0.10 0% 100.00% 0.00

Portfolio Risk 1 Minimum Risk Portfolio Risk 1 Portfolio Risk 2 Portfolio Risk 3
7.57% 7.57% 7.57% 7.57% 7.57%
7.42% 6.84% 6.27% 6.34% 6.40%
7.16% 6.17% 5.14% 5.28% 5.42%
6.83% 5.60% 4.23% 4.45% 4.66%
6.47% 5.14% 3.65% 3.94% 4.21%
6.10% 4.84% 3.47% 3.78% 4.07%
5.77% 4.72% 3.68% 3.96% 4.23%
5.54% 4.80% 4.16% 4.38% 4.59%
5.48% 5.06% 4.77% 4.92% 5.06%
5.64% 5.49% 5.41% 5.49% 4.68%
6.04% 6.04% 6.04% 6.04% 6.04%

aph indicates that it has

h maximum return which
7%, Risk 0.21%

s Maximum possible risk

%, Risk 0.57%)
 Negative Correlation
Correlation 2 Correlation 3 Correlation 4 Correlation 5 Correlation 6 Correlation 7
-0.90 -0.80 -0.70 -0.60 -0.50 -0.40
-0.80 -0.70 -0.60 -0.50 -0.40 -0.30
-0.70 -0.60 -0.50 -0.40 -0.30 -0.20
-0.60 -0.50 -0.40 -0.30 -0.20 -0.10
-0.50 -0.40 -0.30 -0.20 -0.10 0.00
-0.40 -0.30 -0.20 -0.10 0.00 -1.00
-0.30 -0.20 -0.10 0.00 -1.00 -0.90
-0.20 -0.10 0.00 -1.00 -0.90 -0.80
-0.10 0.00 -1.00 -0.90 -0.80 -0.70
0.00 -1.00 -0.90 -0.80 -0.70 -0.60
-1.00 -0.90 -0.80 -0.70 -0.60 -0.50

Portfolio Risk 4 Portfolio Risk 5 Portfolio Risk 6 Portfolio Risk 7 Portfolio Risk 8 Portfolio Risk 9
7.57% 7.57% 7.57% 7.57% 7.57% 7.57%
6.47% 6.53% 6.59% 6.66% 6.72% 6.78%
5.55% 5.68% 5.81% 5.93% 6.06% 6.17%
4.87% 5.06% 5.25% 5.43% 5.60% 3.49%
4.46% 4.70% 4.93% 5.14% 2.13% 2.59%
4.34% 4.60% 4.84% 0.77% 1.69% 2.27%
4.48% 4.72% 0.60% 1.60% 2.18% 2.63%
4.80% 1.96% 2.40% 2.77% 3.10% 3.39%
3.32% 3.53% 3.73% 3.92% 4.11% 4.28%
4.77% 4.85% 4.93% 5.02% 5.10% 5.18%
6.04% 6.04% 6.04% 6.04% 6.04% 6.04%
Correlation 8 Correlation 9 Correlation 10 Correlation 11
-0.30 -0.20 -0.10 0.00
-0.20 -0.10 0.00 -1.00
-0.10 0.00 -1.00 -0.90
0.00 -1.00 -0.90 -0.80
-1.00 -0.90 -0.80 -0.70
-0.90 -0.80 -0.70 -0.60
-0.80 -0.70 -0.60 -0.50
-0.70 -0.60 -0.50 -0.40
-0.60 -0.50 -0.40 -0.30
-0.50 -0.40 -0.30 -0.20
-0.40 -0.30 -0.20 -0.10

Portfolio Risk 10 Portfolio Risk 11 Minimum Risk

7.57% 7.57% 7.57%
6.84% 6.21% 6.21%
4.85% 5.00% 4.85%
3.75% 4.00% 3.49%
2.98% 3.33% 2.13%
2.73% 3.12% 0.77%
3.02% 3.37% 0.60%
3.66% 3.92% 1.96%
4.45% 4.61% 3.32%
5.26% 5.34% 4.68%
6.04% 6.04% 6.04%
Date Open High Low Close Adj Close Volume
1/1/2017 300.05 320.4 297 309.2 238.5719 73805728
2/1/2017 310 332.3 306.3 321.9 248.3709 71343299
3/1/2017 323 327.9 288.05 292.65 225.8023 1.36E+08
4/1/2017 292.65 296.8 273.1 276.65 226.9079 81419596
5/1/2017 276.65 284.45 259.5 262.55 215.3431 63213938
6/1/2017 263 270.25 243.1 244.25 200.3335 49019083
7/1/2017 245.35 265.25 242.6 249.1 204.3115 61551658
8/1/2017 249.9 253.5 233.7 237.4 194.7151 1.1E+08
9/1/2017 238.05 272.4 238.05 270.85 222.1508 1.18E+08
10/1/2017 270.85 295 268.7 286.45 234.9459 1.09E+08
11/1/2017 286.5 292.35 266.15 272.35 223.3811 1.3E+08
12/1/2017 275.2 276.35 261 262.95 215.6712 66908686
1/1/2018 263 311 262.6 299.55 245.6905 1.32E+08
2/1/2018 300.1 316.95 280.1 309.15 253.5644 97545573
3/1/2018 310.8 314.15 265 283.3 232.3622 78650416
4/1/2018 283.35 294.95 273.2 285 247.5809 41696120
5/1/2018 285 303.45 257.3 296.25 257.3538 86123108
6/1/2018 293 299.7 257.4 264.35 229.6422 67145834
7/1/2018 263.15 279.7 258.6 261.1 226.8189 63154956
8/1/2018 262 299.75 261.6 285.95 248.4062 95510502
9/1/2018 287.5 289.8 264.4 266.25 231.2927 69298035
10/1/2018 266.25 289.2 261.3 266.15 231.2058 79308286
11/1/2018 264.95 271.85 239.05 244.9 212.7458 1.56E+08
12/1/2018 246 254.5 228.35 240.75 209.1407 1.67E+08
1/1/2019 241 242.45 218.05 224.65 200.9783 92309226
2/1/2019 224.35 229.9 211.4 228.3 204.2437 1.6E+08
3/1/2019 228.8 247.9 226.6 237.2 212.2059 2.31E+08
4/1/2019 238.1 258.3 231.5 252.15 231.2896 2.13E+08
5/1/2019 252.15 262.95 229.55 253.5 232.5279 1.4E+08
6/1/2019 255 271.45 250.7 253.8 232.8031 1.1E+08
7/1/2019 254.25 256.4 197.05 204.45 187.5358 1.68E+08
8/1/2019 205.25 214 177.7 184.75 169.4656 2.18E+08
9/1/2019 184.75 208.4 179.1 199.85 183.3164 2.04E+08
10/1/2019 200 211.7 182.15 207.55 190.3794 1.46E+08
11/1/2019 205 217.55 195.8 205.25 188.2696 1.2E+08
12/1/2019 205.2 212.45 185 211.35 193.865 1.11E+08
1/1/2020 211.35 214.6 180 181.7 166.6679 2.3E+08
Date Open High Low Close Adj Close Volume
1/1/2017 505.55 520 450.575 464.3 412.1094 2.29E+08
2/1/2017 460.55 515.5 452.575 506.2 449.2995 1.66E+08
3/1/2017 506 522 499.5 511.125 453.6709 1.36E+08
4/1/2017 516.075 516.225 455.1 459.475 407.8268 1.42E+08
5/1/2017 459.475 500 457.55 488.525 433.6113 1.23E+08
6/1/2017 484.65 494.45 460.5 467.775 415.1938 1.57E+08
7/1/2017 470.55 510.85 466.525 505.6 462.7384 1.69E+08
8/1/2017 505.5 514.625 430 457.475 418.6931 5.82E+08
9/1/2017 457.975 462.95 436.825 449.95 411.8061 2.12E+08
10/1/2017 449.95 478.85 448.575 460.925 421.8506 1.84E+08
11/1/2017 462.5 509.65 458.475 488.05 452.9126 1.7E+08
12/1/2017 489.7 524.4 478.525 521.025 483.5137 1.61E+08
1/1/2018 518.85 610.525 503 575.125 533.7186 2.65E+08
2/1/2018 571.1 594.75 545.1 586.3 544.0891 1.81E+08
3/1/2018 584.8 598.5 563.125 565.9 525.1578 1.51E+08
4/1/2018 570.5 607.2 551 599.75 556.5708 2.39E+08
5/1/2018 599.75 624.325 577.5 615.9 571.5581 1.53E+08
6/1/2018 615.2 657.5 606 653.6 606.5438 1.49E+08
7/1/2018 657 696.9 634.05 682.55 638.4176 2.23E+08
8/1/2018 681.9 727.15 673.75 720.55 673.9606 1.53E+08
9/1/2018 724.5 748.5 692 730.05 682.8463 1.52E+08
10/1/2018 737.5 754.9 629.9 686.4 642.0187 1.87E+08
11/1/2018 689.7 689.7 599.85 667.45 631.0923 1.7E+08
12/1/2018 673.15 713.7 637.35 658.95 623.0554 1.55E+08
1/1/2019 660.95 751.3 651 749.55 708.7203 2.13E+08
2/1/2019 751.35 772.25 721.3 734.3 698.1176 1.19E+08
3/1/2019 735.5 747.95 705.35 743.85 707.197 1.62E+08
4/1/2019 742 773 712.6 751.35 714.3275 1.72E+08
5/1/2019 751.35 751.35 697.45 737.75 701.3976 1.96E+08
6/1/2019 729.8 759 728.15 732 695.9309 1.25E+08
7/1/2019 735 804 706.5 793.65 765.202 1.78E+08
8/1/2019 786.45 817.35 760.15 814.9 785.6902 1.5E+08
9/1/2019 814.9 847 741.9 805.65 776.7719 1.62E+08
10/1/2019 807 823.8 615.1 685.6 661.025 3.83E+08
11/1/2019 690 732.5 678.15 696.35 686.9984 2.22E+08
12/1/2019 703.1 737.95 688.55 731.15 721.3311 1.41E+08
1/1/2020 735 792.8 708.3 775.95 765.5294 1.89E+08