Date Ginebra San Miguel, Inc.

East West Banking Corporation

1/20/2021 37 7.34
1/21/2021 57.7 11.46
2/20/2021 34.95 7.24
2/21/2021 56 11.62
3/19/2021 29.05 10
3/20/2021 32 9.55
4/19/2021 29.4 9.78
4/20/2021 32.35 8.61
5/19/2021 43 11
5/20/2021 30.15 10.8
6/19/2021 63.5 12.16
6/20/2021 31 11.62
7/19/2021 62.8 11.64
7/20/2021 33 8.5
8/19/2021 50 11.9
8/20/2021 37.8 6.08
9/19/2021 47.05 12.06
9/20/2021 49.95 11.94
10/19/2021 48.5 12.82
10/20/2021 45.7 11.2
11/19/2021 40.5 7.7
11/20/2021 51.7 12.4
12/19/2021 38 7.85
12/20/2021 49.4 12.58

The figures are from historical data of each company got from investing.com
 Union Bank of the Philippines, Inc. GSMI EWBC UBPI
54.5
59.8 0.444339 0.445524 0.092805
52.95 -0.501339 -0.459242 -0.121658
61.25 0.471433 0.473107 0.145616
74.85 -0.656333 -0.150143 0.200522
55.4 0.096717 -0.046044 -0.300907
71.35 -0.084741 0.023798 0.253018
54.2 0.095619 -0.127415 -0.274916
57.35 0.284586 0.244971 0.056492
71.9 -0.355015 -0.018349 0.226103
60.85 0.744855 0.118606 -0.166864
66.85 -0.717053 -0.045424 0.094039
60.95 0.705968 0.00172 -0.092397
54 -0.643448 -0.314381 -0.12107
60.05 0.415515 0.336472 0.106194
53.75 -0.279714 -0.671534 -0.110834
57.7 0.218902 0.684889 0.070914
59.1 0.059812 -0.01 0.023974
59.55 -0.029459 0.071112 0.007585
63.5 -0.059466 -0.135093 0.064224
53.1 -0.120796 -0.374693 -0.178863
60.25 0.244156 0.476476 0.126326
53.9 -0.307872 -0.457183 -0.111372
60.15 0.262364 0.471595 0.109711

istorical data of each company got from investing.com

 GSMI EWBC UBPI

Mean 1.26% 2.34% 0.43%

Standard Deviation #N/A #N/A #N/A

GSMI & EWBC EWBC & UBPI GSMI & UBPI

Covariance 0.092454277 0.026924745 -0.00356739
Correlation Coefficient 0.631136727 0.493742639 -0.05466262

Correlation
GSMI EWBC UBPI
GSMI 1
EWBC 0.63113673 1
UBPI -0.0546626 0.4937426 1