FORD

CASE 1 (1 OCT- 31 DEC 2019):

Return of Ford was less than the market return. The average return of Ford was 0.00074, while
the average return of NYSE was 0.00127. Variance are generally used to measure asset’s
volatility or the rate of risk, here the variance of Ford is 0.00024. Covariance is statistical method
used to assess the relationship between movements; covariance in this case is 4.15263E-05.
Also, beta measures the fluctuations, so the beta here was 1.437688274 which is greater than 1.
So it clarifies that the Ford Company is 43% more volatile than the whole market.

CASE 2 (1 JAN- 31 DEC 2020):

Return of Ford Company was less than the market return. On an average Ford’s return was
0.000378088 while the average return of the New York Stock Exchange (NYSE) was
0.000375129, which shows that the stability of market was again harmed. In this case, variance
of Ford is 0.001272112,. Covariance in this case is 0.000586617,. Also, the beta here was
1.222015527 which is greater than 1, but comparatively greater than the case 1, so it clarifies that
the Ford Company is 22% more volatile than the whole market.
CASE 3 (1 JAN- 31 MAR 21):