Expected return Stdev

Ever Green 4.50% 20% Weight of EverGreen Portfolio return

Black Swan 15% 42% 50.00% 9.75%
0% 15.00%
1% 14.90%
2% 14.79%
3% 14.69%
4% 14.58%
5% 14.48%
6% 14.37%
7% 14.27%
8% 14.16%
9% 14.06%
10% 13.95%
11% 13.85%
12% 13.74%
13% 13.64%
14% 13.53%
15% 13.43%
16% 13.32%
17% 13.22%
18% 13.11%
19% 13.01%
20% 12.90%
21% 12.80%
22% 12.69%
23% 12.59%
24% 12.48%
25% 12.38%
26% 12.27%
27% 12.17%
28% 12.06%
29% 11.96%
30% 11.85%
31% 11.75%
32% 11.64%
33% 11.54%
34% 11.43%
35% 11.33%
36% 11.22%
37% 11.12%
38% 11.01%
39% 10.91%
40% 10.80%
41% 10.70%
42% 10.59%
43% 10.49%
44% 10.38%
45% 10.28%
46% 10.17%
47% 10.07%
48% 9.96%
49% 9.86%
50% 9.75%
51% 9.65%
52% 9.54%
53% 9.44%
54% 9.33%
55% 9.23%
56% 9.12%
57% 9.02%
58% 8.91%
59% 8.81%
60% 8.70%
61% 8.60%
62% 8.49%
63% 8.39%
64% 8.28%
65% 8.18%
66% 8.07%
67% 7.97%
68% 7.86%
69% 7.76%
70% 7.65%
71% 7.55%
72% 7.44%
73% 7.34%
74% 7.23%
75% 7.13%
76% 7.02%
77% 6.92%
78% 6.81%
79% 6.71%
80% 6.60%
81% 6.50%
82% 6.39%
83% 6.29%
 84% 6.18%
85% 6.08%
86% 5.97%
87% 5.87%
88% 5.76%
89% 5.66%
90% 5.55%
91% 5.45%
92% 5.34%
93% 5.24%
94% 5.13%
95% 5.03%
96% 4.92%
97% 4.82%
98% 4.71%
99% 4.61%
100% 4.50%
 1 0.5 0 -0.5 -1
Portfolio Stdev
Rho = 1 Rho = 0.5 Rho = 0 Rho = -0.5 Rho=-1
31.00% 27.40% 23.26% 18.19% 11.00%
42.00% 42.00% 42.00% 42.00% 42.00%
41.78% 41.68% 41.58% 41.48% 41.38%
41.56% 41.36% 41.16% 40.96% 40.76%
41.34% 41.04% 40.74% 40.44% 40.14%
41.12% 40.73% 40.33% 39.93% 39.52%
40.90% 40.41% 39.91% 39.41% 38.90%
40.68% 40.09% 39.50% 38.89% 38.28%
40.46% 39.78% 39.09% 38.38% 37.66%
40.24% 39.46% 38.67% 37.87% 37.04%
40.02% 39.15% 38.26% 37.35% 36.42%
39.80% 38.84% 37.85% 36.84% 35.80%
39.58% 38.53% 37.44% 36.33% 35.18%
39.36% 38.22% 37.04% 35.82% 34.56%
39.14% 37.91% 36.63% 35.31% 33.94%
38.92% 37.60% 36.23% 34.80% 33.32%
38.70% 37.29% 35.83% 34.30% 32.70%
38.48% 36.98% 35.42% 33.79% 32.08%
38.26% 36.68% 35.03% 33.29% 31.46%
38.04% 36.37% 34.63% 32.79% 30.84%
37.82% 36.07% 34.23% 32.29% 30.22%
37.60% 35.77% 33.84% 31.79% 29.60%
37.38% 35.47% 33.44% 31.29% 28.98%
37.16% 35.17% 33.05% 30.80% 28.36%
36.94% 34.87% 32.67% 30.30% 27.74%
36.72% 34.57% 32.28% 29.81% 27.12%
36.50% 34.27% 31.89% 29.32% 26.50%
36.28% 33.98% 31.51% 28.83% 25.88%
36.06% 33.69% 31.13% 28.35% 25.26%
35.84% 33.39% 30.75% 27.87% 24.64%
35.62% 33.10% 30.38% 27.38% 24.02%
35.40% 32.81% 30.01% 26.91% 23.40%
35.18% 32.53% 29.64% 26.43% 22.78%
34.96% 32.24% 29.27% 25.96% 22.16%
34.74% 31.96% 28.90% 25.49% 21.54%
34.52% 31.67% 28.54% 25.02% 20.92%
34.30% 31.39% 28.18% 24.56% 20.30%
34.08% 31.11% 27.83% 24.10% 19.68%
33.86% 30.83% 27.48% 23.65% 19.06%
33.64% 30.56% 27.13% 23.19% 18.44%
33.42% 30.28% 26.78% 22.75% 17.82%
33.20% 30.01% 26.44% 22.30% 17.20%
32.98% 29.74% 26.10% 21.87% 16.58%
32.76% 29.47% 25.77% 21.43% 15.96%
32.54% 29.21% 25.44% 21.00% 15.34%
32.32% 28.94% 25.11% 20.58% 14.72%
32.10% 28.68% 24.79% 20.17% 14.10%
31.88% 28.42% 24.47% 19.76% 13.48%
31.66% 28.16% 24.16% 19.36% 12.86%
31.44% 27.91% 23.86% 18.96% 12.24%
31.22% 27.65% 23.56% 18.57% 11.62%
31.00% 27.40% 23.26% 18.19% 11.00%
30.78% 27.16% 22.97% 17.82% 10.38%
30.56% 26.91% 22.68% 17.46% 9.76%
30.34% 26.67% 22.41% 17.11% 9.14%
30.12% 26.43% 22.13% 16.77% 8.52%
29.90% 26.19% 21.87% 16.44% 7.90%
29.68% 25.96% 21.61% 16.12% 7.28%
29.46% 25.73% 21.36% 15.82% 6.66%
29.24% 25.50% 21.11% 15.53% 6.04%
29.02% 25.28% 20.88% 15.25% 5.42%
28.80% 25.06% 20.65% 14.99% 4.80%
28.58% 24.84% 20.42% 14.74% 4.18%
28.36% 24.62% 20.21% 14.51% 3.56%
28.14% 24.41% 20.01% 14.30% 2.94%
27.92% 24.21% 19.81% 14.10% 2.32%
27.70% 24.00% 19.62% 13.93% 1.70%
27.48% 23.80% 19.45% 13.77% 1.08%
27.26% 23.61% 19.28% 13.64% 0.46%
27.04% 23.42% 19.12% 13.52% 0.16%
26.82% 23.23% 18.97% 13.43% 0.78%
26.60% 23.05% 18.84% 13.36% 1.40%
26.38% 22.87% 18.71% 13.31% 2.02%
26.16% 22.69% 18.59% 13.28% 2.64%
25.94% 22.52% 18.49% 13.27% 3.26%
25.72% 22.36% 18.39% 13.29% 3.88%
25.50% 22.20% 18.31% 13.33% 4.50%
25.28% 22.04% 18.24% 13.40% 5.12%
25.06% 21.89% 18.18% 13.48% 5.74%
24.84% 21.75% 18.13% 13.59% 6.36%
24.62% 21.61% 18.10% 13.71% 6.98%
24.40% 21.47% 18.07% 13.86% 7.60%
24.18% 21.34% 18.06% 14.03% 8.22%
23.96% 21.22% 18.06% 14.22% 8.84%
23.74% 21.10% 18.07% 14.42% 9.46%
23.52% 20.98% 18.09% 14.65% 10.08%
23.30% 20.88% 18.13% 14.89% 10.70%
23.08% 20.77% 18.18% 15.14% 11.32%
22.86% 20.68% 18.24% 15.41% 11.94%
22.64% 20.59% 18.31% 15.70% 12.56%
22.42% 20.50% 18.39% 16.00% 13.18%
22.20% 20.43% 18.48% 16.31% 13.80%
21.98% 20.35% 18.59% 16.64% 14.42%
21.76% 20.29% 18.70% 16.97% 15.04%
21.54% 20.23% 18.83% 17.32% 15.66%
21.32% 20.18% 18.97% 17.68% 16.28%
21.10% 20.13% 19.12% 18.04% 16.90%
20.88% 20.09% 19.27% 18.42% 17.52%
20.66% 20.06% 19.44% 18.80% 18.14%
20.44% 20.03% 19.62% 19.19% 18.76%
20.22% 20.01% 19.80% 19.59% 19.38%
20.00% 20.00% 20.00% 20.00% 20.00%
 Bounds on the location of portfolios
16.00%

14.00%

12.00%

10.00%
Expected Return

8.00%

6.00%

4.00% Ever Green

2.00%

0.00%
0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00%
Standard deviation
portfolios
Black Swan

30.00% 35.00% 40.00% 45.00%

 I C I C I Bank Ltd. S & P B S E Sensex I C I C I Bank Ltd. S & P B S E Sensex
Jan-16 209.18 24347.31
Feb-16 172.73 23238.5
Mar-16 215.05 25364.75
Apr-16 215.09 25612.91
May-16 222.91 26817.75
Jun-16 218.36 26926.17
Jul-16 238.95 28232.87
Aug-16 234.27 28372.25
Sep-16 229.36 27807.82
Oct-16 251.82 28066.32
Nov-16 240.91 26441.02
Dec-16 232.09 26441.51
Jan-17 244.59 27867.92
Feb-17 251.27 28825.19
Mar-17 251.91 29633.91
Apr-17 253.18 30064.6
May-17 296.64 31222.51
Jun-17 290.1 30824.97
Jul-17 301.95 32412.2
Aug-17 297.65 31685.44
Sep-17 276.95 31367.25
Oct-17 299.95 33254.93
Nov-17 307.8 33542.5
Dec-17 314 33889.39
Jan-18 352.95 35951.64
Feb-18 313.5 34155.63
Mar-18 278.4 33098.09
Apr-18 284.45 35021.2
May-18 285.6 35083.81
Jun-18 275.5 35128.16
Jul-18 303.95 37534.95
Aug-18 342.65 38704.84
Sep-18 305 36452.74
Oct-18 355.1 33963.09
Nov-18 355 36304.43
Dec-18 360 36239.19
Jan-19 364.25 35805.51
Feb-19 348.8 36025.72
Mar-19 398.85 38675
Apr-19 407.75 39056.92
May-19 423.4 39998.91
Jun-19 437.25 39630.52
Jul-19 424.5 37257.55
Aug-19 410.4 37222.26
Sep-19 433.4 38873.12
Oct-19 462.85 40211.99
Nov-19 511.95 41138.26
Dec-19 538.75 41607.49
Jan-20 525.55 41146.56
Feb-20 496.05 39087.47
Mar-20 324.5 29294.94
Apr-20 379.9 33381.19
May-20 332.1 32041.29
Jun-20 351.45 35168.3
Jul-20 346.9 37847.88
Aug-20 395 39888.15
Sep-20 354.9 38068.89
Oct-20 392.55 39779.82
Nov-20 472.8 44325.03
Dec-20 534.8 47753.11
Jan-21 537 47423.47
Feb-21 597.6 50256.71
Mar-21 581.25 50049.12
Apr-21 600.4 49360.89
May-21 662.2 51476.22
Jun-21 630.85 52651.09
Jul-21 682.7 52792.36
Aug-21 718.85 56995.15
Sep-21 700.8 59549.57
Oct-21 802.3 59857.33
Nov-21 714.3 57272.08
Dec-21 740.25 57849.76
Jan-22 789.25 57845.91
Feb-22 742.45 55329.46
Mar-22 730.25 58779.71
Apr-22 743.55 57817.51
May-22 751.5 55622.01
 A C C Ltd. Asian PaintI C I C I Ba Tata ConsulTata Motors Ltd.
Jan-13 1322.55 450.21 216.52 671.38 294.85 A C C Ltd. Asian PaintI C I C I Ba
Feb-13 1271.1 429.05 189.15 757.38 284.36 -0.038902 -0.047 -0.126409
Mar-13 1161.25 491.44 190.06 785.9 266.45 -0.086421 0.145414 0.004811
Apr-13 1237.1 468.18 211.48 688.13 296.28 0.065318 -0.04733 0.112701
May-13 1218.85 486.42 209.87 749.8 310.13 -0.014752 0.038959 -0.007613
Jun-13 1223.45 463 194.5 759.2 278.47 0.003774 -0.048148 -0.073236
Jul-13 1171.35 507.1 165.33 907.55 287.47 -0.042584 0.095248 -0.149974
Aug-13 961.8 418.75 146.24 1011.58 295.54 -0.178896 -0.174226 -0.115466
Sep-13 1112.45 459.35 160.9 963.35 328.83 0.156633 0.096955 0.100246
Oct-13 1136.7 538.4 203.83 1054.13 376.18 0.021799 0.172091 0.266812
Nov-13 1096.55 503.35 194.16 1002.3 394.38 -0.035322 -0.0651 -0.047441
Dec-13 1108.2 490.75 199.72 1085.47 372.42 0.010624 -0.025032 0.028636
Jan-14 1010.85 472.25 179.73 1118.1 346.15 -0.087845 -0.037697 -0.10009
Feb-14 1103.45 472.95 189.76 1136.4 412.63 0.091606 0.001482 0.055806
Mar-14 1391.55 546.5 226.45 1064.13 394.13 0.26109 0.155513 0.193349
Apr-14 1291.7 505.15 226.33 1094.7 410.06 -0.071755 -0.075663 -0.00053
May-14 1339.5 509.45 257.89 1072.1 411.05 0.037005 0.008512 0.139442
Jun-14 1468.05 592.7 257.9 1209.72 426.59 0.095969 0.163412 3.878E-05
Jul-14 1394.5 629.15 267.82 1288.65 442.17 -0.0501 0.061498 0.038465
Aug-14 1491.7 624.15 283.01 1262.3 518.85 0.069702 -0.007947 0.056717
Sep-14 1404.15 629.4 260.95 1369.1 497.43 -0.058691 0.008411 -0.077948
Oct-14 1500.9 656.15 295.54 1302.28 529.98 0.068903 0.042501 0.132554
Nov-14 1470.35 743.7 319.02 1321.55 527.31 -0.020354 0.13343 0.079448
Dec-14 1399.4 751.75 320.91 1277.35 490.85 -0.048254 0.010824 0.005924
Jan-15 1560.05 857.45 328.32 1240.5 578.76 0.114799 0.140605 0.023091
Feb-15 1683.25 818.35 314.14 1337.65 587.37 0.078972 -0.0456 -0.04319
Mar-15 1560.6 808.75 286.64 1273.53 544.13 -0.072865 -0.011731 -0.087541
Apr-15 1438.7 762.9 301.14 1233.33 508.45 -0.078111 -0.056692 0.050586
May-15 1514.55 787 288.45 1305.3 481.6 0.052721 0.03159 -0.04214
Jun-15 1440.65 754.45 280 1276.1 434.55 -0.048793 -0.04136 -0.029295
Jul-15 1383.15 881.45 275 1255 384.35 -0.039913 0.168335 -0.017857
Aug-15 1334.55 848.6 252.82 1282.63 340.15 -0.035137 -0.037268 -0.080655
Sep-15 1344.15 841.1 245.68 1293.85 298.45 0.007193 -0.008838 -0.028241
Oct-15 1376.1 828.7 251.82 1248.65 384.45 0.02377 -0.014743 0.024992
Nov-15 1347 840.45 249.18 1182.63 423.35 -0.021147 0.014179 -0.010484
Dec-15 1359.55 883.85 237.68 1219.6 391.25 0.009317 0.051639 -0.046151
Jan-16 1240.4 868.85 209.18 1195.6 336.7 -0.087639 -0.016971 -0.119909
Feb-16 1191.15 848.55 172.73 1090.95 300.25 -0.039705 -0.023364 -0.174252
Mar-16 1380.3 868.7 215.05 1258.03 386.3 0.158796 0.023746 0.245007
Apr-16 1443 868.1 215.09 1265.03 408.85 0.045425 -0.000691 0.000186
May-16 1531.8 984.1 222.91 1287.55 458.2 0.061538 0.133625 0.036357
Jun-16 1613.65 1003.65 218.36 1275.4 459.25 0.053434 0.019866 -0.020412
Jul-16 1689.95 1114.7 238.95 1309.28 503 0.047284 0.110646 0.094294
Aug-16 1707.65 1159.25 234.27 1256.28 537.45 0.010474 0.039966 -0.019586
Sep-16 1594.95 1162.1 229.36 1213.6 534.75 -0.065997 0.002458 -0.020959
Oct-16 1515.9 1075.35 251.82 1197.3 532.35 -0.049563 -0.074649 0.097925
Nov-16 1342.6 969.85 240.91 1138.38 459.35 -0.114322 -0.098108 -0.043325
Dec-16 1328.4 891.35 232.09 1180.97 471.35 -0.010576 -0.08094 -0.036611
Jan-17 1415.75 970.8 244.59 1114.95 523.6 0.065756 0.089134 0.053858
Feb-17 1411.2 1024.45 251.27 1233.25 456.15 -0.003214 0.055264 0.027311
Mar-17 1446.15 1071.2 251.91 1215.55 465.95 0.024766 0.045634 0.002547
Apr-17 1624.95 1119.6 253.18 1136.05 457.8 0.123639 0.045183 0.005041
May-17 1636.35 1152.6 296.64 1272.18 476.2 0.007016 0.029475 0.171657
Jun-17 1567.95 1104.15 290.1 1182.18 432.5 -0.0418 -0.042035 -0.022047
Jul-17 1733.15 1159.45 301.95 1247.03 444.5 0.105361 0.050084 0.040848
Aug-17 1800.8 1168.15 297.65 1248.38 376.6 0.039033 0.007504 -0.014241
Sep-17 1654.15 1117.05 276.95 1218.5 401.25 -0.081436 -0.043744 -0.069545
Oct-17 1805.6 1180.7 299.95 1308.15 428.55 0.091558 0.05698 0.083047
Nov-17 1666.5 1147.75 307.8 1317.13 404.65 -0.077038 -0.027907 0.026171
Dec-17 1757.9 1157.9 314 1350.2 431.2 0.054845 0.008843 0.020143
Jan-18 1716.4 1131.05 352.95 1555.88 399.25 -0.023608 -0.023189 0.124045
Feb-18 1625.8 1118.85 313.5 1519.13 370.2 -0.052785 -0.010786 -0.111772
Mar-18 1508.2 1120.7 278.4 1424.65 327.45 -0.072334 0.001653 -0.111962
Apr-18 1583.5 1200.15 284.45 1765.7 340.2 0.049927 0.070893 0.021731
May-18 1356.2 1305.6 285.6 1744.8 282.9 -0.143543 0.087864 0.004043
Jun-18 1338.3 1264.1 275.5 1847.2 269.3 -0.013199 -0.031786 -0.035364
Jul-18 1527.15 1448.3 303.95 1941.25 264.15 0.141112 0.145716 0.103267
Aug-18 1638.9 1371.1 342.65 2078.2 267.1 0.073176 -0.053304 0.127324
Sep-18 1550.5 1294.05 305 2184.5 223.45 -0.053939 -0.056196 -0.109879
Oct-18 1373.2 1227.25 355.1 1937.6 178.65 -0.11435 -0.051621 0.164262
Nov-18 1484.9 1344.9 355 1970.6 171.95 0.081343 0.095865 -0.000282
Dec-18 1504.8 1373.7 360 1893.55 172.6 0.013402 0.021414 0.014085
Jan-19 1420.4 1412.65 364.25 2014.6 181.25 -0.056087 0.028354 0.011806
Feb-19 1421.7 1405.05 348.8 1984.25 177.85 0.000915 -0.00538 -0.042416
Mar-19 1661 1491.9 398.85 2000.4 174.3 0.16832 0.061813 0.143492
Apr-19 1629.4 1463 407.75 2254.95 214.2 -0.019025 -0.019371 0.022314
May-19 1684.95 1406.7 423.4 2196.85 172.5 0.034092 -0.038483 0.038381
Jun-19 1561.65 1357.65 437.25 2227.25 162.6 -0.073177 -0.034869 0.032711
Jul-19 1559.65 1521.25 424.5 2205.4 135.6 -0.001281 0.120502 -0.02916
Aug-19 1518.9 1615.2 410.4 2258.05 116.75 -0.026128 0.061758 -0.033216
Sep-19 1610.3 1763.7 433.4 2099.2 117.45 0.060175 0.091939 0.056043
Oct-19 1568.8 1810.75 462.85 2270.2 177.7 -0.025772 0.026677 0.067951
Nov-19 1521.7 1704 511.95 2052.7 161.45 -0.030023 -0.058953 0.106082
Dec-19 1444.65 1786.85 538.75 2161.3 185.1 -0.050634 0.048621 0.052349
Jan-20 1504.65 1795.25 525.55 2079.3 176.6 0.041533 0.004701 -0.024501
Feb-20 1321.2 1798.2 496.05 2000.95 129 -0.121922 0.001643 -0.056132
Mar-20 967.5 1666.7 324.5 1823.05 71.05 -0.267711 -0.073129 -0.345832
Apr-20 1179.85 1760.05 379.9 2014.85 93.1 0.219483 0.056009 0.170724
May-20 1271.15 1684.4 332.1 1971.55 86.9 0.077383 -0.042982 -0.125823
Jun-20 1332 1687.35 351.45 2082.2 98.25 0.04787 0.001751 0.058266
Jul-20 1424.75 1716.65 346.9 2282.45 104.7 0.069632 0.017365 -0.012946
Aug-20 1321.6 1903.4 395 2256.35 143.2 -0.072399 0.108787 0.138657
Sep-20 1393.85 1987.55 354.9 2491.5 133.3 0.054669 0.04421 -0.101519
Oct-20 1648.4 2213.05 392.55 2664.85 132.7 0.182624 0.113456 0.106086
Nov-20 1703.25 2217.35 472.8 2679.15 180.25 0.033275 0.001943 0.204433
Dec-20 1618.4 2764.45 534.8 2870.2 183.7 -0.049817 0.246736 0.131134
Jan-21 1604.8 2407.35 537 3112.9 262.6 -0.008403 -0.129176 0.004114
Feb-21 1732.95 2277.45 597.6 2896.05 323 0.079854 -0.05396 0.112849
Mar-21 1902.55 2536.75 581.25 3177.6 301.85 0.097868 0.113855 -0.027359
Apr-21 1882.3 2540.1 600.4 3038.4 293.95 -0.010644 0.001321 0.032946
May-21 1985.95 2978.15 662.2 3158.95 318.7 0.055066 0.172454 0.102931
Jun-21 2016.05 2990.85 630.85 3345.25 339.55 0.015156 0.004264 -0.047342
Jul-21 2393.15 2958.55 682.7 3167.5 293.95 0.187049 -0.0108 0.082191
Aug-21 2413.05 3200.75 718.85 3786.55 287.35 0.008315 0.081864 0.052952
Sep-21 2254.5 3244.4 700.8 3774.5 333.2 -0.065705 0.013637 -0.02511
Oct-21 2333.5 3100.1 802.3 3398.8 483.75 0.035041 -0.044477 0.144834
Nov-21 2288.05 3144.4 714.3 3532 458.8 -0.019477 0.01429 -0.109685
Dec-21 2217.4 3381.95 740.25 3736.85 482.35 -0.030878 0.075547 0.036329
Jan-22 2281.3 3154.7 789.25 3737.9 517.5 0.028818 -0.067195 0.066194
Feb-22 2088.6 3172.65 742.45 3554.55 454.15 -0.084469 0.00569 -0.059297
Mar-22 2151.75 3081.75 730.25 3738.8 433.5 0.030236 -0.028651 -0.016432
Apr-22 2333.45 3239.3 743.55 3550.1 437.55 0.084443 0.051124 0.018213
May-22 2198.05 2860.1 751.5 3364.8 443.85 -0.058026 -0.117062 0.010692
Tata ConsulTata Motors Ltd. Expected returns
0.128094 -0.035577 A C C Ltd. Asian Paints Ltd. I C I C I Ba
0.037656 -0.062984 0.007878812342 0.019184
-0.124405 0.111953
0.08962 0.046746
0.012537 -0.102086 A C C Ltd. Asian Paints Ltd.
0.195403 0.032319 A C C Ltd.
0.114627 0.028072 Asian Paints Ltd.
-0.047678 0.112641 I C I C I Bank Ltd.
0.094234 0.143995 Tata Consultancy Services Ltd.
-0.049169 0.048381 Tata Motors Ltd.
0.082979 -0.055682
0.030061 -0.070539
0.016367 0.192055
-0.063596 -0.044834
0.028728 0.040418 Weights
-0.020645 0.002414 A C C Ltd. 0.2
0.128365 0.037806 Asian Paints Ltd. 0.2
0.065247 0.036522 I C I C I Bank Ltd. 0.2
-0.020448 0.173417 Tata Consultancy Services Ltd. 0.2
0.084607 -0.041284 Tata Motors Ltd. 0.2
-0.048806 0.065436 1
0.014797 -0.005038
-0.033446 -0.069143
-0.028849 0.179097
0.078315 0.014877 Tangency portfolio Weights
-0.047935 -0.073616 A C C Ltd.
-0.031566 -0.065573 Asian Paints Ltd.
0.058354 -0.052808 I C I C I Bank Ltd.
-0.02237 -0.097695 Tata Consultancy Services Ltd.
-0.016535 -0.115522 Tata Motors Ltd.
0.022016 -0.114999
0.008748 -0.122593
-0.034934 0.288155
-0.052873 0.101184
0.031261 -0.075824
-0.019679 -0.139425
-0.087529 -0.108257
0.153151 0.286595
0.005564 0.058374
0.017802 0.120704
-0.009437 0.002292
0.026564 0.095264
-0.04048 0.068489
-0.033973 -0.005024
-0.013431 -0.004488
-0.049211 -0.137128
0.037413 0.026124
-0.055903 0.110852
0.106103 -0.12882
-0.014352 0.021484
-0.065402 -0.017491
0.119827 0.040192
-0.070745 -0.091768
0.054856 0.027746
0.001083 -0.152756
-0.023935 0.065454
0.073574 0.068037
0.006865 -0.055769
0.025108 0.065612
0.152333 -0.074096
-0.02362 -0.072761
-0.062193 -0.115478
0.239392 0.038937
-0.011837 -0.16843
0.058689 -0.048074
0.050915 -0.019124
0.070547 0.011168
0.05115 -0.163422
-0.113024 -0.200492
0.017031 -0.037503
-0.0391 0.00378
0.063928 0.050116
-0.015065 -0.018759
0.008139 -0.019961
0.12725 0.228916
-0.025766 -0.194678
0.013838 -0.057391
-0.00981 -0.166052
0.023873 -0.139012
-0.070348 0.005996
0.08146 0.512984
-0.095807 -0.091446
0.052906 0.146485
-0.03794 -0.045921
-0.037681 -0.269536
-0.088908 -0.449225
0.105208 0.310345
-0.02149 -0.066595
0.056123 0.13061
0.096172 0.065649
-0.011435 0.367717
 0.104217 -0.069134
0.069577 -0.004501
0.005366 0.358327
0.07131 0.01914
0.084559 0.429505
-0.069662 0.230008
0.097219 -0.06548
-0.043807 -0.026172
0.039675 0.084198
0.058975 0.065422
-0.053135 -0.134295
0.195438 -0.022453
-0.003182 0.159562
-0.099536 0.451831
0.03919 -0.051576
0.057998 0.05133
0.000281 0.072872
-0.049052 -0.122415
0.051835 -0.04547
-0.050471 0.009343
-0.052196 0.014398
 Tata ConsulTata Motors Ltd.
0.015449 0.016805

I C I Tata
C I Bank
Consultancy
Ltd. Tata
Services
Motors
Ltd. Ltd.

Base case Expected RStdev

Expected return 0.50%
Port Variance 1.00%
Port Stdev 1.50%
Rf 0.6% 2.00%
Sharpe 2.50%
3.00%
3.50%
4.00%
4.50%
5.00%
Date S&P 500 REYNOLDS HASBRO avg. return
2-Jan -1.70% 6.13% 1.66% S&P 500 0.57%
2-Feb -2.31% 9.87% -13.27% REYNOLDS 1.87%
2-Mar 4.37% -1.37% 10.55% HASBRO 1.18%
2-Apr -5.06% 6.87% 1.01% 0.0579226
2-May -1.19% 2.17% -4.26% Reynolds Risk
2-Jun -7.15% -23.97% -11.37% 50.00% 6.372%
2-Jul -8.23% 1.64% -9.66% 0% 8.116%
2-Aug 0.64% 7.71% 7.35% 1% 8.041%
2-Sep -10.14% -31.48% -15.36% 2% 7.967%
2-Oct 7.35% 0.57% -8.18% 3% 7.894%
2-Nov 5.96% -4.81% 25.44% 4% 7.822%
2-Dec -5.50% 9.09% -9.91% 5% 7.751%
3-Jan -2.46% 0.59% 3.90% 6% 7.682%
3-Feb -1.72% -5.78% 0.92% 7% 7.614%
3-Mar 0.89% -19.17% 14.70% 8% 7.547%
3-Apr 8.12% -12.68% 15.19% 9% 7.482%
3-May 6.18% 21.02% 0.06% 10% 7.418%
3-Jun 1.48% 9.15% 9.24% 11% 7.355%
3-Jul 2.18% -4.54% 7.78% 12% 7.294%
3-Aug 2.34% -3.86% -1.86% 13% 7.234%
3-Sep -1.06% 15.78% 0.97% 14% 7.176%
3-Oct 5.89% 21.47% 16.70% 15% 7.119%
3-Nov 1.51% 14.93% 1.42% 16% 7.064%
3-Dec 4.39% 5.34% -3.75% 17% 7.011%
4-Jan 2.20% 1.56% -7.19% 18% 6.959%
4-Feb 1.40% 4.52% 10.73% 19% 6.909%
4-Mar -1.20% -1.99% -0.55% 20% 6.861%
4-Apr -2.56% 7.06% -13.15% 21% 6.814%
4-May 1.24% -13.23% 4.08% 22% 6.770%
4-Jun 2.00% 20.27% -3.36% 23% 6.727%
4-Jul -3.88% 6.45% -4.37% 24% 6.686%
4-Aug 0.11% 4.93% 1.98% 25% 6.647%
4-Sep 1.91% -9.88% 1.46% 26% 6.610%
4-Oct 1.66% 1.21% -5.90% 27% 6.575%
4-Nov 4.43% 9.83% 7.57% 28% 6.542%
4-Dec 3.34% 3.93% 1.84% 29% 6.511%
5-Jan -2.74% 2.32% 1.14% 30% 6.482%
5-Feb 2.09% 1.90% 7.76% 31% 6.456%
5-Mar -1.86% -1.66% -3.17% 32% 6.431%
5-Apr -2.66% -3.25% -7.48% 33% 6.408%
5-May 3.59% 6.34% 6.66% 34% 6.388%
5-Jun 0.99% -4.96% 3.02% 35% 6.370%
5-Jul 4.22% 5.72% 5.53% 36% 6.354%
5-Aug -0.78% 0.76% -5.65% 37% 6.341%
5-Sep 0.93% -1.10% -5.07% 38% 6.329%
5-Oct -2.19% 2.38% -4.12% 39% 6.320%
5-Nov 3.82% 4.73% 8.39% 40% 6.314%
5-Dec 0.19% 7.09% -1.18% 41% 6.309%
6-Jan 3.90% 6.08% 5.05% 42% 6.307%
6-Feb -0.36% 4.96% -4.29% 43% 6.307%
6-Mar 1.76% -0.61% 3.99% 44% 6.310%
6-Apr 1.15% 3.93% -6.59% 45% 6.314%
6-May -3.30% 0.26% -5.94% 46% 6.321%
6-Jun -0.19% 4.88% -2.32% 47% 6.331%
6-Jul -0.28% 9.96% 3.26% 48% 6.342%
6-Aug 2.30% 2.65% 8.56% 49% 6.356%
6-Sep 1.81% -4.76% 12.07% 50% 6.372%
6-Oct 3.60% 1.92% 13.93% 51% 6.390%
6-Nov 2.13% 1.71% 3.20% 52% 6.411%
6-Dec 0.91% 1.91% 1.87% 53% 6.433%
54% 6.458%
55% 6.485%
56% 6.514%
57% 6.545%
58% 6.578%
59% 6.614%
60% 6.651%
61% 6.690%
62% 6.731%
63% 6.774%
64% 6.819%
65% 6.866%
66% 6.914%
67% 6.964%
68% 7.016%
69% 7.070%
70% 7.125%
71% 7.182%
72% 7.240%
73% 7.300%
74% 7.361%
75% 7.424%
76% 7.488%
77% 7.554%
78% 7.621%
79% 7.689%
80% 7.758%
81% 7.829%
82% 7.901%
83% 7.974%
 84% 8.048%
85% 8.123%
86% 8.200%
87% 8.277%
88% 8.356%
89% 8.435%
90% 8.515%
91% 8.597%
92% 8.679%
93% 8.762%
94% 8.846%
95% 8.931%
96% 9.016%
97% 9.103%
98% 9.190%
99% 9.278%
100% 9.366%
std deviation beta
3.60%
9.37% 0.735763036451213
8.12% 1.41979945220402

return
Cha
1.53%
2.00%
1.18%
1.19% 1.80%

1.20% 1.60%
1.20%
1.40%
1.21%
1.22% 1.20%

1.23% 1.00%
1.23%
0.80%
1.24%
1.25% 0.60%
1.25% 0.40%
1.26%
0.20%
1.27%
1.27% 0.00%
6.000% 6.500% 7.000% 7.500%
1.28%
1.29%
1.29%
1.30%
1.31%
1.32%
1.32%
1.33%
1.34%
1.34%
1.35%
1.36%
1.36%
1.37%
1.38%
1.38%
1.39%
1.40%
1.40%
1.41%
1.42%
1.43%
1.43%
1.44%
1.45%
1.45%
1.46%
1.47%
1.47%
1.48%
1.49%
1.49%
1.50%
1.51%
1.52%
1.52%
1.53%
1.54%
1.54%
1.55%
1.56%
1.56%
1.57%
1.58%
1.58%
1.59%
1.60%
1.61%
1.61%
1.62%
1.63%
1.63%
1.64%
1.65%
1.65%
1.66%
1.67%
1.67%
1.68%
1.69%
1.70%
1.70%
1.71%
1.72%
1.72%
1.73%
1.74%
1.74%
1.75%
1.76%
1.76%
1.77%
1.78%
1.79%
1.79%
1.80%
1.81%
1.81%
1.82%
1.83%
1.83%
1.84%
1.85%
1.85%
1.86%
1.87%
1.87%
 Chart Title

.000% 7.500% 8.000% 8.500% 9.000% 9.500% 10.000%