Zerodha Varsity - Module 4

Chapter 11 - Hedging with Futures

Beta Calculation
Date Nifty Close Nifty Daily Return TCS Close TCS Daily Return
3-Sep-14 8114.6 2606.4
4-Sep-14 8095.95 -0.23% 2584.75 -0.83% Beta
5-Sep-14 8086.85 -0.11% 2598.6 0.54%
8-Sep-14 8173.9 1.08% 2642.7 1.70%
9-Sep-14 8152.95 -0.26% 2631.25 -0.43%
10-Sep-14 8094.1 -0.72% 2600.15 -1.18%
11-Sep-14 8085.7 -0.10% 2598.35 -0.07%
12-Sep-14 8105.5 0.24% 2607.6 0.36%
15-Sep-14 8042 -0.78% 2558.3 -1.89%
16-Sep-14 7932.9 -1.36% 2550.85 -0.29%
17-Sep-14 7975.5 0.54% 2591.2 1.58%
18-Sep-14 8114.75 1.75% 2642.3 1.97%
19-Sep-14 8121.45 0.08% 2714.2 2.72%
22-Sep-14 8146.3 0.31% 2721.8 0.28%
23-Sep-14 8017.55 -1.58% 2688.2 -1.23%
24-Sep-14 8002.4 -0.19% 2643 -1.68%
25-Sep-14 7911.85 -1.13% 2708.6 2.48%
26-Sep-14 7968.85 0.72% 2684 -0.91%
29-Sep-14 7958.9 -0.12% 2767.95 3.13%
30-Sep-14 7964.8 0.07% 2736.6 -1.13%
1-Oct-14 7945.55 -0.24% 2775.6 1.43%
7-Oct-14 7852.4 -1.17% 2731.35 -1.59%
8-Oct-14 7842.7 -0.12% 2683.2 -1.76%
9-Oct-14 7960.55 1.50% 2706.05 0.85%
10-Oct-14 7859.95 -1.26% 2678.5 -1.02%
13-Oct-14 7884.25 0.31% 2716.55 1.42%
14-Oct-14 7864 -0.26% 2699.2 -0.64%
16-Oct-14 7748.2 -1.47% 2678.1 -0.78%
17-Oct-14 7779.7 0.41% 2441.15 -8.85%
20-Oct-14 7879.4 1.28% 2423.3 -0.73%
21-Oct-14 7927.75 0.61% 2433.4 0.42%
22-Oct-14 7995.9 0.86% 2451.85 0.76%
23-Oct-14 8014.55 0.23% 2465.35 0.55%
27-Oct-14 7991.7 -0.29% 2457.15 -0.33%
28-Oct-14 8027.6 0.45% 2478.6 0.87%
29-Oct-14 8090.45 0.78% 2506.05 1.11%
30-Oct-14 8169.2 0.97% 2558.2 2.08%
31-Oct-14 8322.2 1.87% 2607.85 1.94%
3-Nov-14 8324.15 0.02% 2590.35 -0.67%
5-Nov-14 8338.3 0.17% 2599.5 0.35%
 7-Nov-14 8337 -0.02% 2572.85 -1.03%
10-Nov-14 8344.25 0.09% 2569.65 -0.12%
11-Nov-14 8362.65 0.22% 2580.7 0.43%
12-Nov-14 8383.3 0.25% 2591.75 0.43%
13-Nov-14 8357.85 -0.30% 2588.45 -0.13%
14-Nov-14 8389.9 0.38% 2606.45 0.70%
17-Nov-14 8430.75 0.49% 2618.3 0.45%
18-Nov-14 8425.9 -0.06% 2585.85 -1.24%
19-Nov-14 8382.3 -0.52% 2573.75 -0.47%
20-Nov-14 8401.9 0.23% 2605.45 1.23%
21-Nov-14 8477.35 0.90% 2622.15 0.64%
24-Nov-14 8530.15 0.62% 2657.7 1.36%
25-Nov-14 8463.1 -0.79% 2636 -0.82%
26-Nov-14 8475.75 0.15% 2627.3 -0.33%
27-Nov-14 8494.2 0.22% 2653.3 0.99%
28-Nov-14 8588.25 1.11% 2643 -0.39%
1-Dec-14 8555.9 -0.38% 2692.95 1.89%
2-Dec-14 8524.7 -0.36% 2657.3 -1.32%
3-Dec-14 8537.65 0.15% 2635.35 -0.83%
4-Dec-14 8564.4 0.31% 2637.95 0.10%
5-Dec-14 8538.3 -0.30% 2578.95 -2.24%
8-Dec-14 8438.25 -1.17% 2512.8 -2.56%
9-Dec-14 8340.7 -1.16% 2514.85 0.08%
10-Dec-14 8355.65 0.18% 2507.9 -0.28%
11-Dec-14 8292.9 -0.75% 2492.15 -0.63%
12-Dec-14 8224.1 -0.83% 2450.7 -1.66%
15-Dec-14 8219.6 -0.05% 2358.65 -3.76%
16-Dec-14 8067.6 -1.85% 2443.05 3.58%
17-Dec-14 8029.8 -0.47% 2444.1 0.04%
18-Dec-14 8159.3 1.61% 2460.7 0.68%
19-Dec-14 8225.2 0.81% 2510.55 2.03%
22-Dec-14 8324 1.20% 2513.4 0.11%
23-Dec-14 8267 -0.68% 2516.7 0.13%
24-Dec-14 8174.1 -1.12% 2479.9 -1.46%
26-Dec-14 8200.7 0.33% 2505 1.01%
29-Dec-14 8246.3 0.56% 2522.9 0.71%
30-Dec-14 8248.25 0.02% 2530.05 0.28%
31-Dec-14 8282.7 0.42% 2558.25 1.11%
1-Jan-15 8284 0.02% 2545.55 -0.50%
2-Jan-15 8395.45 1.35% 2579.45 1.33%
5-Jan-15 8378.4 -0.20% 2540.25 -1.52%
6-Jan-15 8127.35 -3.00% 2446.6 -3.69%
7-Jan-15 8102.1 -0.31% 2417.7 -1.18%
8-Jan-15 8234.6 1.64% 2443.8 1.08%
9-Jan-15 8284.5 0.61% 2512.3 2.80%
12-Jan-15 8323 0.46% 2509.7 -0.10%
13-Jan-15 8299.4 -0.28% 2497.9 -0.47%
14-Jan-15 8277.55 -0.26% 2521.95 0.96%
15-Jan-15 8494.15 2.62% 2539.1 0.68%
16-Jan-15 8513.8 0.23% 2532.15 -0.27%
19-Jan-15 8550.7 0.43% 2511 -0.84%
20-Jan-15 8695.6 1.69% 2500.45 -0.42%
21-Jan-15 8729.5 0.39% 2513.8 0.53%
22-Jan-15 8761.4 0.37% 2513.55 -0.01%
23-Jan-15 8835.6 0.85% 2503.6 -0.40%
27-Jan-15 8910.5 0.85% 2502.05 -0.06%
28-Jan-15 8914.3 0.04% 2539.6 1.50%
29-Jan-15 8952.35 0.43% 2544.65 0.20%
30-Jan-15 8808.9 -1.60% 2482.05 -2.46%
2-Feb-15 8797.4 -0.13% 2514.2 1.30%
3-Feb-15 8756.55 -0.46% 2558.25 1.75%
4-Feb-15 8723.7 -0.38% 2514.3 -1.72%
5-Feb-15 8711.7 -0.14% 2552.4 1.52%
6-Feb-15 8661.05 -0.58% 2575.75 0.91%
9-Feb-15 8526.35 -1.56% 2512.9 -2.44%
10-Feb-15 8565.55 0.46% 2441.15 -2.86%
11-Feb-15 8627.4 0.72% 2459.9 0.77%
12-Feb-15 8711.55 0.98% 2462.15 0.09%
13-Feb-15 8805.5 1.08% 2538.75 3.11%
16-Feb-15 8809.35 0.04% 2584.8 1.81%
18-Feb-15 8869.1 0.68% 2635.65 1.97%
19-Feb-15 8895.3 0.30% 2681.05 1.72%
20-Feb-15 8833.6 -0.69% 2675.55 -0.21%
23-Feb-15 8754.95 -0.89% 2696.65 0.79%
24-Feb-15 8762.1 0.08% 2704.75 0.30%
25-Feb-15 8767.25 0.06% 2672.2 -1.20%
26-Feb-15 8683.85 -0.95% 2656.45 -0.59%
27-Feb-15 8844.6 1.85% 2662.35 0.22%
28-Feb-15 8901.85 0.65% 2675.25 0.48%
2-Mar-15 8956.75 0.62% 2669.4 -0.22%
3-Mar-15 8996.25 0.44% 2776 3.99%
0.62