RELIANCE

INTRODUCTION:

Reliance Industries Limited (RIL) is a prominent Indian multinational conglomerate based in

Mumbai, involved in diverse sectors such as petrochemicals, refining, oil and gas, retail,
telecommunications, and textiles. Founded in 1958 by Dhirubhai Ambani, RIL has grown to
become India's largest private sector company by market capitalization and revenue, ranking
100th globally.

The company operates the world's largest oil refinery in Jamnagar and has made significant
strides in telecommunications with its Jio platform. RIL is also a major player in retail,
operating numerous brands across various categories. Mukesh Ambani currently leads the
company, continuing its legacy of innovation and expansion in multiple industries.

why reliance is fundamental strong

• Diverse Operations: Engages in petrochemicals, refining, oil and gas,

telecommunications, and retail, providing revenue stability.
• Market Leadership: Largest producer of polyester and a significant player in the
petrochemical sector globally.
• Strong Financial Performance: Reports substantial net income, with recent figures
reaching ₹741.31 billion.
• Growth in Digital Services: Jio has transformed the telecom landscape in India,
contributing to significant revenue growth.
 Calculation of risk and return
Table representing company’s daily opening and closing share prices along with daily
possible return from 1st April, 2023 to 31st March, 2024.

Date OPEN close RIL (Yi) Ri-∑(Ri) [Ri-

∑(Ri)]^2
28-Mar-24 2,985.75 2,971.70 -0.4706 -0.4534 0.2056
27-Mar-24 2,896.00 2,985.70 3.0974 3.1145 9.7002
26-Mar-24 2,890.00 2,883.15 -0.2370 -0.2199 0.0483
22-Mar-24 2,899.95 2,910.05 0.3483 0.3654 0.1335
21-Mar-24 2,905.05 2,901.95 -0.1067 -0.0896 0.0080
20-Mar-24 2,855.90 2,887.50 1.1065 1.1236 1.2625
19-Mar-24 2,857.50 2,850.50 -0.2450 -0.2278 0.0519
18-Mar-24 2,840.00 2,878.95 1.3715 1.3886 1.9283
15-Mar-24 2,851.90 2,836.45 -0.5417 -0.5246 0.2752
14-Mar-24 2,879.40 2,862.95 -0.5713 -0.5542 0.3071
13-Mar-24 2,959.55 2,864.35 -3.2167 -3.1996 10.2372
12-Mar-24 2,933.20 2,950.85 0.6017 0.6189 0.3830
11-Mar-24 2,978.00 2,933.20 -1.5044 -1.4872 2.2118
7-Mar-24 3,005.95 2,957.85 -1.6002 -1.5830 2.5060
6-Mar-24 2,986.90 3,006.00 0.6395 0.6566 0.4311
5-Mar-24 3,011.55 3,000.40 -0.3702 -0.3531 0.1247
4-Mar-24 2,980.95 3,014.80 1.1355 1.1527 1.3287
2-Mar-24 2,984.00 2,982.15 -0.0620 -0.0449 0.0020
1-Mar-24 2,927.00 2,984.25 1.9559 1.9731 3.8930
29-Feb-24 2,930.00 2,921.60 -0.2867 -0.2696 0.0727
28-Feb-24 2,966.00 2,911.25 -1.8459 -1.8288 3.3444
27-Feb-24 2,966.05 2,971.30 0.1770 0.1941 0.0377
26-Feb-24 2,987.10 2,974.65 -0.4168 -0.3997 0.1597
23-Feb-24 2,979.00 2,987.25 0.2769 0.2941 0.0865
22-Feb-24 2,936.30 2,963.50 0.9263 0.9435 0.8901
21-Feb-24 2,948.00 2,935.40 -0.4274 -0.4103 0.1683
20-Feb-24 2,950.05 2,942.05 -0.2712 -0.2540 0.0645
19-Feb-24 2,924.10 2,948.00 0.8173 0.8345 0.6964
16-Feb-24 2,952.95 2,921.15 -1.0769 -1.0598 1.1231
15-Feb-24 2,966.70 2,941.20 -0.8595 -0.8424 0.7096
14-Feb-24 2,915.00 2,962.75 1.6381 1.6552 2.7397
13-Feb-24 2,911.00 2,930.20 0.6596 0.6767 0.4579
12-Feb-24 2,921.50 2,904.70 -0.5750 -0.5579 0.3113
9-Feb-24 2,908.00 2,921.50 0.4642 0.4814 0.2317
8-Feb-24 2,900.00 2,900.25 0.0086 0.0258 0.0007
7-Feb-24 2,871.85 2,884.30 0.4335 0.4507 0.2031
6-Feb-24 2,883.70 2,855.60 -0.9744 -0.9573 0.9164
5-Feb-24 2,921.50 2,878.05 -1.4872 -1.4701 2.1612
2-Feb-24 2,866.35 2,915.40 1.7112 1.7284 2.9873
1-Feb-24 2,870.00 2,853.30 -0.5819 -0.5647 0.3189
31-Jan-24 2,808.00 2,853.25 1.6115 1.6286 2.6524
30-Jan-24 2,919.90 2,815.25 -3.5840 -3.5669 12.7227
29-Jan-24 2,729.00 2,896.10 6.1231 6.1403 37.7028
25-Jan-24 2,685.90 2,706.15 0.7539 0.7711 0.5946
24-Jan-24 2,670.45 2,687.75 0.6478 0.6650 0.4422
23-Jan-24 2,743.50 2,657.15 -3.1474 -3.1303 9.7988
20-Jan-24 2,730.00 2,713.30 -0.6117 -0.5946 0.3535
19-Jan-24 2,752.00 2,734.90 -0.6214 -0.6042 0.3651
18-Jan-24 2,702.80 2,735.90 1.2247 1.2418 1.5421
17-Jan-24 2,719.00 2,723.15 0.1526 0.1698 0.0288
16-Jan-24 2,779.95 2,749.25 -1.1043 -1.0872 1.1820
15-Jan-24 2,750.00 2,788.25 1.3909 1.4080 1.9826
12-Jan-24 2,719.80 2,741.45 0.7960 0.8132 0.6612
11-Jan-24 2,659.00 2,719.80 2.2866 2.3037 5.3071
10-Jan-24 2,577.00 2,650.10 2.8366 2.8538 8.1440
9-Jan-24 2,600.00 2,580.50 -0.7500 -0.7329 0.5371
8-Jan-24 2,610.00 2,587.35 -0.8678 -0.8507 0.7237
5-Jan-24 2,602.90 2,607.70 0.1844 0.2015 0.0406
4-Jan-24 2,588.00 2,596.65 0.3342 0.3514 0.1235
3-Jan-24 2,610.00 2,583.30 -1.0230 -1.0059 1.0117
2-Jan-24 2,585.00 2,611.70 1.0329 1.0500 1.1025
1-Jan-24 2,580.55 2,590.25 0.3759 0.3930 0.1545
29-Dec-23 2,611.10 2,584.95 -1.0015 -0.9844 0.9690
28-Dec-23 2,589.80 2,605.55 0.6082 0.6253 0.3910
27-Dec-23 2,582.00 2,586.85 0.1878 0.2050 0.0420
26-Dec-23 2,568.00 2,578.05 0.3914 0.4085 0.1669
22-Dec-23 2,559.60 2,565.05 0.2129 0.2301 0.0529
21-Dec-23 2,527.00 2,562.55 1.4068 1.4239 2.0276
20-Dec-23 2,571.05 2,527.15 -1.7075 -1.6903 2.8572
19-Dec-23 2,555.00 2,558.10 0.1213 0.1385 0.0192
18-Dec-23 2,495.60 2,521.00 1.0178 1.0349 1.0711
15-Dec-23 2,478.00 2,495.60 0.7103 0.7274 0.5291
14-Dec-23 2,454.00 2,464.15 0.4136 0.4307 0.1855
13-Dec-23 2,422.00 2,433.95 0.4934 0.5105 0.2606
12-Dec-23 2,460.00 2,424.05 -1.4614 -1.4442 2.0858
11-Dec-23 2,456.00 2,459.35 0.1364 0.1535 0.0236
8-Dec-23 2,463.85 2,455.75 -0.3288 -0.3116 0.0971
7-Dec-23 2,460.00 2,457.05 -0.1199 -0.1028 0.0106
6-Dec-23 2,447.10 2,461.10 0.5721 0.5892 0.3472
5-Dec-23 2,439.00 2,437.75 -0.0513 -0.0341 0.0012
4-Dec-23 2,450.00 2,420.20 -1.2163 -1.1992 1.4381
1-Dec-23 2,378.00 2,394.30 0.6854 0.7026 0.4936
30-Nov-23 2,394.70 2,377.45 -0.7203 -0.7032 0.4945
29-Nov-23 2,408.00 2,400.70 -0.3032 -0.2860 0.0818
28-Nov-23 2,393.90 2,394.40 0.0209 0.0380 0.0014
24-Nov-23 2,391.60 2,393.90 0.0962 0.1133 0.0128
23-Nov-23 2,388.20 2,395.50 0.3057 0.3228 0.1042
22-Nov-23 2,375.00 2,388.20 0.5558 0.5729 0.3282
21-Nov-23 2,366.00 2,378.90 0.5452 0.5624 0.3163
20-Nov-23 2,348.55 2,349.35 0.0341 0.0512 0.0026
17-Nov-23 2,352.90 2,355.55 0.1126 0.1298 0.0168
16-Nov-23 2,351.10 2,360.70 0.4083 0.4255 0.1810
15-Nov-23 2,340.00 2,356.45 0.7030 0.7201 0.5186
13-Nov-23 2,322.90 2,314.60 -0.3573 -0.3402 0.1157
12-Nov-23 2,326.05 2,330.65 0.1978 0.2149 0.0462
10-Nov-23 2,305.55 2,314.90 0.4055 0.4227 0.1787
9-Nov-23 2,335.85 2,310.55 -1.0831 -1.0660 1.1363
8-Nov-23 2,332.00 2,335.90 0.1672 0.1844 0.0340
7-Nov-23 2,334.05 2,323.80 -0.4392 -0.4220 0.1781
6-Nov-23 2,332.30 2,339.00 0.2873 0.3044 0.0927
3-Nov-23 2,327.20 2,319.70 -0.3223 -0.3051 0.0931
2-Nov-23 2,313.95 2,320.20 0.2701 0.2872 0.0825
1-Nov-23 2,289.15 2,297.40 0.3604 0.3775 0.1425
31-Oct-23 2,328.00 2,287.90 -1.7225 -1.7054 2.9083
30-Oct-23 2,274.00 2,312.50 1.6931 1.7102 2.9248
27-Oct-23 2,240.00 2,265.80 1.1518 1.1689 1.3664
26-Oct-23 2,251.00 2,226.50 -1.0884 -1.0713 1.1476
25-Oct-23 2,250.05 2,257.95 0.3511 0.3682 0.1356
23-Oct-23 2,290.00 2,263.20 -1.1703 -1.1532 1.3298
20-Oct-23 2,300.00 2,299.10 -0.0391 -0.0220 0.0005
19-Oct-23 2,312.00 2,306.15 -0.2530 -0.2359 0.0556
18-Oct-23 2,355.25 2,324.00 -1.3268 -1.3097 1.7153
17-Oct-23 2,356.00 2,355.25 -0.0318 -0.0147 0.0002
16-Oct-23 2,345.00 2,344.05 -0.0405 -0.0234 0.0005
13-Oct-23 2,340.00 2,349.30 0.3974 0.4146 0.1719
12-Oct-23 2,343.85 2,349.40 0.2368 0.2539 0.0645
11-Oct-23 2,314.45 2,345.05 1.3221 1.3393 1.7936
10-Oct-23 2,306.55 2,308.40 0.0802 0.0973 0.0095
9-Oct-23 2,308.10 2,298.25 -0.4268 -0.4096 0.1678
6-Oct-23 2,317.05 2,318.00 0.0410 0.0581 0.0034
5-Oct-23 2,319.25 2,314.10 -0.2221 -0.2049 0.0420
4-Oct-23 2,309.00 2,314.15 0.2230 0.2402 0.0577
3-Oct-23 2,329.95 2,318.15 -0.5064 -0.4893 0.2394
29-Sep-23 2,341.80 2,345.00 0.1366 0.1538 0.0236
28-Sep-23 2,383.00 2,334.10 -2.0520 -2.0349 4.1408
27-Sep-23 2,343.50 2,368.90 1.0838 1.1010 1.2122
26-Sep-23 2,338.55 2,342.50 0.1689 0.1860 0.0346
25-Sep-23 2,350.40 2,340.45 -0.4233 -0.4062 0.1650
22-Sep-23 2,376.00 2,354.95 -0.8859 -0.8688 0.7548
21-Sep-23 2,374.95 2,364.80 -0.4274 -0.4102 0.1683
20-Sep-23 2,423.05 2,382.15 -1.6880 -1.6708 2.7916
18-Sep-23 2,440.05 2,436.45 -0.1475 -0.1304 0.0170
15-Sep-23 2,468.00 2,457.85 -0.4113 -0.3941 0.1553
14-Sep-23 2,460.00 2,453.30 -0.2724 -0.2552 0.0651
13-Sep-23 2,440.00 2,451.05 0.4529 0.4700 0.2209
12-Sep-23 2,483.00 2,438.85 -1.7781 -1.7610 3.1010
11-Sep-23 2,452.00 2,474.60 0.9217 0.9388 0.8814
8-Sep-23 2,440.00 2,448.20 0.3361 0.3532 0.1248
7-Sep-23 2,421.70 2,432.00 0.4253 0.4425 0.1958
6-Sep-23 2,421.10 2,428.70 0.3139 0.3310 0.1096
5-Sep-23 2,420.00 2,423.60 0.1488 0.1659 0.0275
4-Sep-23 2,412.65 2,410.70 -0.0808 -0.0637 0.0041
1-Sep-23 2,406.55 2,412.65 0.2535 0.2706 0.0732
31-Aug-23 2,423.00 2,407.00 -0.6603 -0.6432 0.4137
30-Aug-23 2,432.00 2,418.05 -0.5736 -0.5565 0.3097
29-Aug-23 2,452.05 2,420.35 -1.2928 -1.2757 1.6273
28-Aug-23 2,472.00 2,443.75 -1.1428 -1.1257 1.2671
25-Aug-23 2,456.00 2,468.35 0.5029 0.5200 0.2704
24-Aug-23 2,539.90 2,479.80 -2.3662 -2.3491 5.5183
23-Aug-23 2,524.20 2,522.20 -0.0792 -0.0621 0.0039
22-Aug-23 2,516.90 2,519.40 0.0993 0.1165 0.0136
21-Aug-23 2,539.95 2,520.00 -0.7854 -0.7683 0.5903
18-Aug-23 2,531.25 2,556.80 1.0094 1.0265 1.0537
17-Aug-23 2,567.10 2,538.00 -1.1336 -1.1164 1.2464
16-Aug-23 2,551.00 2,575.15 0.9467 0.9638 0.9290
14-Aug-23 2,539.00 2,577.25 1.5065 1.5236 2.3215
11-Aug-23 2,532.45 2,547.15 0.5805 0.5976 0.3571
10-Aug-23 2,524.95 2,536.45 0.4555 0.4726 0.2233
9-Aug-23 2,504.85 2,525.20 0.8124 0.8296 0.6882
8-Aug-23 2,528.00 2,508.65 -0.7654 -0.7483 0.5599
7-Aug-23 2,521.00 2,523.85 0.1131 0.1302 0.0169
4-Aug-23 2,498.80 2,509.55 0.4302 0.4473 0.2001
3-Aug-23 2,475.30 2,475.90 0.0242 0.0414 0.0017
2-Aug-23 2,509.20 2,486.35 -0.9106 -0.8935 0.7984
1-Aug-23 2,555.00 2,513.20 -1.6360 -1.6189 2.6207
31-Jul-23 2,527.85 2,549.25 0.8466 0.8637 0.7460
28-Jul-23 2,512.05 2,527.85 0.6290 0.6461 0.4175
27-Jul-23 2,534.05 2,502.70 -1.2372 -1.2200 1.4884
26-Jul-23 2,485.00 2,526.20 1.6579 1.6751 2.8059
25-Jul-23 2,494.00 2,485.80 -0.3288 -0.3117 0.0971
24-Jul-23 2,481.00 2,487.40 0.2580 0.2751 0.0757
21-Jul-23 2,609.00 2,538.75 -2.6926 -2.6755 7.1581
20-Jul-23 2,580.00 2,619.85 1.5446 1.5617 2.4389
19-Jul-23 2,830.00 2,841.85 0.4187 0.4359 0.1900
18-Jul-23 2,817.00 2,820.45 0.1225 0.1396 0.0195
17-Jul-23 2,747.00 2,796.70 1.8092 1.8264 3.3357
14-Jul-23 2,750.00 2,740.70 -0.3382 -0.3210 0.1031
13-Jul-23 2,783.90 2,743.00 -1.4692 -1.4520 2.1084
12-Jul-23 2,766.30 2,767.75 0.0524 0.0696 0.0048
11-Jul-23 2,752.90 2,764.70 0.4286 0.4458 0.1987
10-Jul-23 2,688.90 2,735.05 1.7163 1.7335 3.0049
7-Jul-23 2,635.00 2,633.60 -0.0531 -0.0360 0.0013
6-Jul-23 2,576.05 2,638.75 2.4340 2.4511 6.0079
5-Jul-23 2,609.00 2,584.50 -0.9391 -0.9219 0.8499
4-Jul-23 2,625.00 2,588.75 -1.3810 -1.3638 1.8600
3-Jul-23 2,558.05 2,615.70 2.2537 2.2708 5.1566
30-Jun-23 2,546.40 2,550.25 0.1512 0.1683 0.0283
28-Jun-23 2,513.00 2,529.50 0.6566 0.6737 0.4539
27-Jun-23 2,496.55 2,496.45 -0.0040 0.0131 0.0002
26-Jun-23 2,507.00 2,495.55 -0.4567 -0.4396 0.1932
23-Jun-23 2,528.90 2,514.75 -0.5595 -0.5424 0.2942
22-Jun-23 2,556.00 2,535.50 -0.8020 -0.7849 0.6161
21-Jun-23 2,557.00 2,564.30 0.2855 0.3026 0.0916
20-Jun-23 2,547.55 2,557.10 0.3749 0.3920 0.1537
19-Jun-23 2,584.00 2,551.80 -1.2461 -1.2290 1.5104
16-Jun-23 2,560.20 2,577.40 0.6718 0.6890 0.4747
15-Jun-23 2,551.80 2,552.55 0.0294 0.0465 0.0022
14-Jun-23 2,521.00 2,551.85 1.2237 1.2409 1.5397
13-Jun-23 2,495.00 2,520.85 1.0361 1.0532 1.1093
12-Jun-23 2,475.50 2,484.15 0.3494 0.3666 0.1344
9-Jun-23 2,507.00 2,481.95 -0.9992 -0.9821 0.9644
8-Jun-23 2,506.00 2,499.65 -0.2534 -0.2363 0.0558
7-Jun-23 2,487.00 2,498.15 0.4483 0.4655 0.2167
6-Jun-23 2,483.45 2,479.35 -0.1651 -0.1480 0.0219
5-Jun-23 2,467.20 2,477.25 0.4073 0.4245 0.1802
2-Jun-23 2,471.00 2,455.20 -0.6394 -0.6223 0.3872
1-Jun-23 2,480.15 2,463.25 -0.6814 -0.6643 0.4413
31-May-23 2,500.00 2,469.90 -1.2040 -1.1869 1.4086
30-May-23 2,520.60 2,519.95 -0.0258 -0.0086 0.0001
29-May-23 2,521.00 2,520.60 -0.0159 0.0013 0.0000
26-May-23 2,458.00 2,506.50 1.9731 1.9903 3.9612
25-May-23 2,433.90 2,439.95 0.2486 0.2657 0.0706
24-May-23 2,445.90 2,440.25 -0.2310 -0.2139 0.0457
23-May-23 2,460.65 2,454.55 -0.2479 -0.2308 0.0533
22-May-23 2,435.00 2,455.00 0.8214 0.8385 0.7031
19-May-23 2,434.05 2,441.95 0.3246 0.3417 0.1168
18-May-23 2,449.55 2,434.05 -0.6328 -0.6156 0.3790
17-May-23 2,463.00 2,439.30 -0.9622 -0.9451 0.8932
16-May-23 2,494.00 2,453.80 -1.6119 -1.5947 2.5432
15-May-23 2,489.90 2,489.25 -0.0261 -0.0090 0.0001
12-May-23 2,469.80 2,484.35 0.5891 0.6063 0.3675
11-May-23 2,498.95 2,480.30 -0.7463 -0.7292 0.5317
10-May-23 2,490.00 2,496.60 0.2651 0.2822 0.0796
9-May-23 2,475.00 2,479.55 0.1838 0.2010 0.0404
8-May-23 2,450.00 2,471.90 0.8939 0.9110 0.8299
5-May-23 2,441.00 2,441.75 0.0307 0.0479 0.0023
4-May-23 2,421.15 2,448.00 1.1090 1.1261 1.2681
3-May-23 2,445.00 2,420.10 -1.0184 -1.0013 1.0025
2-May-23 2,436.20 2,441.05 0.1991 0.2162 0.0468
28-Apr-23 2,382.00 2,420.50 1.6163 1.6334 2.6681
27-Apr-23 2,375.00 2,377.05 0.0863 0.1035 0.0107
26-Apr-23 2,379.00 2,362.10 -0.7104 -0.6932 0.4806
25-Apr-23 2,366.00 2,376.05 0.4248 0.4419 0.1953
24-Apr-23 2,375.00 2,358.00 -0.7158 -0.6987 0.4881
21-Apr-23 2,350.65 2,349.00 -0.0702 -0.0531 0.0028
20-Apr-23 2,354.10 2,346.05 -0.3420 -0.3248 0.1055
19-Apr-23 2,339.05 2,352.00 0.5536 0.5708 0.3258
18-Apr-23 2,377.00 2,340.35 -1.5419 -1.5247 2.3248
17-Apr-23 2,424.95 2,367.45 -2.3712 -2.3540 5.5415
13-Apr-23 2,353.00 2,355.50 0.1062 0.1234 0.0152
12-Apr-23 2,336.35 2,346.65 0.4409 0.4580 0.2098
11-Apr-23 2,334.00 2,336.35 0.1007 0.1178 0.0139
10-Apr-23 2,350.00 2,324.85 -1.0702 -1.0531 1.1090
6-Apr-23 2,318.15 2,341.45 1.0051 1.0223 1.0450
5-Apr-23 2,348.00 2,325.85 -0.9434 -0.9262 0.8579
3-Apr-23 2,345.00 2,331.45 -0.5778 -0.5607 0.3144
Total 1.3423 1.3594 1.8480
 1.3423
∑(𝑅𝑖) =
246
= 0.0055

√[∑𝑅𝑖 − 𝛴(𝑅𝑖)]2
𝜎(𝑅𝑖) =
𝑛

1.8480
=√ = 0.0075
246
Table representing Nifty-50 daily opening and closing share prices along with daily
possiblereturn from 1st April, 2023 to 31st March, 2024.

Date Open Close NIFTY(Xi) [Ri-∑(Ri)]^2

Ri-∑(Ri)
28-Mar-24 22,163.60 22,326.90 0.7368 0.7313 0.5349
27-Mar-24 22,053.95 22,123.65 0.3160 0.3106 0.0965
26-Mar-24 21,947.90 22,004.70 0.2588 0.2533 0.0642
22-Mar-24 21,932.20 22,096.75 0.7503 0.7448 0.5547
21-Mar-24 21,989.90 22,011.95 0.1003 0.0948 0.0090
20-Mar-24 21,843.90 21,839.10 -0.0220 -0.0274 0.0008
19-Mar-24 21,946.45 21,817.45 -0.5878 -0.5933 0.3519
18-Mar-24 21,990.10 22,055.70 0.2983 0.2929 0.0858
15-Mar-24 22,064.85 22,023.35 -0.1881 -0.1935 0.0375
14-Mar-24 21,982.55 22,146.65 0.7465 0.7410 0.5491
13-Mar-24 22,432.20 21,997.70 -1.9369 -1.9424 3.7729
12-Mar-24 22,334.45 22,335.70 0.0056 0.0001 0.0000
11-Mar-24 22,517.50 22,332.65 -0.8209 -0.8264 0.6829
7-Mar-24 22,505.30 22,493.55 -0.0522 -0.0577 0.0033
6-Mar-24 22,327.50 22,474.05 0.6564 0.6509 0.4237
5-Mar-24 22,371.25 22,356.30 -0.0668 -0.0723 0.0052
4-Mar-24 22,403.50 22,405.60 0.0094 0.0039 0.0000
2-Mar-24 22,406.95 22,378.40 -0.1274 -0.1329 0.0177
1-Mar-24 22,048.30 22,338.75 1.3173 1.3119 1.7210
29-Feb-24 21,935.20 21,982.80 0.2170 0.2115 0.0448
28-Feb-24 22,214.10 21,951.15 -1.1837 -1.1892 1.4141
27-Feb-24 22,090.20 22,198.35 0.4896 0.4841 0.2344
26-Feb-24 22,169.20 22,122.05 -0.2127 -0.2181 0.0476
23-Feb-24 22,290.00 22,212.70 -0.3468 -0.3522 0.1241
22-Feb-24 22,081.55 22,217.45 0.6154 0.6100 0.3721
21-Feb-24 22,248.85 22,055.05 -0.8711 -0.8765 0.7683
20-Feb-24 22,099.20 22,196.95 0.4423 0.4369 0.1909
19-Feb-24 22,103.45 22,122.25 0.0851 0.0796 0.0063
16-Feb-24 22,020.30 22,040.70 0.0926 0.0872 0.0076
15-Feb-24 21,906.55 21,910.75 0.0192 0.0137 0.0002
14-Feb-24 21,578.15 21,840.05 1.2137 1.2083 1.4599
13-Feb-24 21,664.30 21,743.25 0.3644 0.3590 0.1289
12-Feb-24 21,800.80 21,616.05 -0.8474 -0.8529 0.7274
9-Feb-24 21,727.00 21,782.50 0.2554 0.2500 0.0625
8-Feb-24 22,009.65 21,717.95 -1.3253 -1.3308 1.7710
7-Feb-24 22,045.05 21,930.50 -0.5196 -0.5251 0.2757
6-Feb-24 21,825.20 21,929.40 0.4774 0.4720 0.2228
5-Feb-24 21,921.05 21,771.70 -0.6813 -0.6868 0.4716
 2-Feb-24 21,812.75 21,853.80 0.1882 0.1827 0.0334
1-Feb-24 21,780.65 21,697.45 -0.3820 -0.3874 0.1501
31-Jan-24 21,487.25 21,725.70 1.1097 1.1043 1.2194
30-Jan-24 21,775.75 21,522.10 -1.1648 -1.1703 1.3696
29-Jan-24 21,433.10 21,737.60 1.4207 1.4152 2.0029
25-Jan-24 21,454.60 21,352.60 -0.4754 -0.4809 0.2312
24-Jan-24 21,185.25 21,453.95 1.2683 1.2629 1.5949
23-Jan-24 21,716.70 21,238.80 -2.2006 -2.2061 4.8667
20-Jan-24 21,706.15 21,571.80 -0.6189 -0.6244 0.3899
19-Jan-24 21,615.20 21,622.40 0.0333 0.0279 0.0008
18-Jan-24 21,414.20 21,462.25 0.2244 0.2189 0.0479
17-Jan-24 21,647.25 21,571.95 -0.3479 -0.3533 0.1248
16-Jan-24 22,080.50 22,032.30 -0.2183 -0.2237 0.0501
15-Jan-24 22,053.15 22,097.45 0.2009 0.1954 0.0382
12-Jan-24 21,773.55 21,894.55 0.5557 0.5503 0.3028
11-Jan-24 21,688.00 21,647.20 -0.1881 -0.1936 0.0375
10-Jan-24 21,529.30 21,618.70 0.4152 0.4098 0.1679
9-Jan-24 21,653.60 21,544.85 -0.5022 -0.5077 0.2577
8-Jan-24 21,747.60 21,513.00 -1.0787 -1.0842 1.1755
5-Jan-24 21,705.75 21,710.80 0.0233 0.0178 0.0003
4-Jan-24 21,605.80 21,658.60 0.2444 0.2389 0.0571
3-Jan-24 21,661.10 21,517.35 -0.6636 -0.6691 0.4477
2-Jan-24 21,751.35 21,665.80 -0.3933 -0.3988 0.1590
1-Jan-24 21,727.75 21,741.90 0.0651 0.0597 0.0036
29-Dec-23 21,737.65 21,731.40 -0.0288 -0.0342 0.0012
28-Dec-23 21,715.00 21,778.70 0.2933 0.2879 0.0829
27-Dec-23 21,497.65 21,654.75 0.7308 0.7253 0.5261
26-Dec-23 21,365.20 21,441.35 0.3564 0.3510 0.1232
22-Dec-23 21,295.85 21,349.40 0.2515 0.2460 0.0605
21-Dec-23 21,033.95 21,255.05 1.0512 1.0457 1.0935
20-Dec-23 21,543.50 21,150.15 -1.8258 -1.8313 3.3536
19-Dec-23 21,477.65 21,453.10 -0.1143 -0.1198 0.0143
18-Dec-23 21,434.80 21,418.65 -0.0753 -0.0808 0.0065
15-Dec-23 21,287.45 21,456.65 0.7948 0.7894 0.6231
14-Dec-23 21,110.40 21,182.70 0.3425 0.3370 0.1136
13-Dec-23 20,929.75 20,926.35 -0.0162 -0.0217 0.0005
12-Dec-23 21,018.55 20,906.40 -0.5336 -0.5390 0.2906
11-Dec-23 20,965.30 20,997.10 0.1517 0.1462 0.0214
8-Dec-23 20,934.10 20,969.40 0.1686 0.1632 0.0266
7-Dec-23 20,932.40 20,901.15 -0.1493 -0.1547 0.0239
6-Dec-23 20,950.75 20,937.70 -0.0623 -0.0677 0.0046
5-Dec-23 20,808.90 20,855.10 0.2220 0.2166 0.0469
4-Dec-23 20,601.95 20,686.80 0.4119 0.4064 0.1652
1-Dec-23 20,194.10 20,267.90 0.3655 0.3600 0.1296
30-Nov-23 20,108.50 20,133.15 0.1226 0.1171 0.0137
29-Nov-23 19,976.55 20,096.60 0.6010 0.5955 0.3546
28-Nov-23 19,844.65 19,889.70 0.2270 0.2216 0.0491
24-Nov-23 19,809.60 19,794.70 -0.0752 -0.0807 0.0065
23-Nov-23 19,828.45 19,802.00 -0.1334 -0.1389 0.0193
22-Nov-23 19,784.00 19,811.85 0.1408 0.1353 0.0183
21-Nov-23 19,770.90 19,783.40 0.0632 0.0578 0.0033
20-Nov-23 19,731.15 19,694.00 -0.1883 -0.1937 0.0375
17-Nov-23 19,674.75 19,731.80 0.2900 0.2845 0.0809
16-Nov-23 19,674.70 19,765.20 0.4600 0.4545 0.2066
15-Nov-23 19,651.40 19,675.45 0.1224 0.1169 0.0137
13-Nov-23 19,486.75 19,443.55 -0.2217 -0.2271 0.0516
12-Nov-23 19,547.25 19,525.55 -0.1110 -0.1165 0.0136
10-Nov-23 19,351.85 19,425.35 0.3798 0.3744 0.1401
9-Nov-23 19,457.40 19,395.30 -0.3192 -0.3246 0.1054
8-Nov-23 19,449.60 19,443.50 -0.0314 -0.0368 0.0014
7-Nov-23 19,404.05 19,406.70 0.0137 0.0082 0.0001
6-Nov-23 19,345.85 19,411.75 0.3406 0.3352 0.1123
3-Nov-23 19,241.00 19,230.60 -0.0541 -0.0595 0.0035
2-Nov-23 19,120.00 19,133.25 0.0693 0.0638 0.0041
1-Nov-23 19,064.05 18,989.15 -0.3929 -0.3983 0.1587
31-Oct-23 19,232.95 19,079.60 -0.7973 -0.8028 0.6445
30-Oct-23 19,053.40 19,140.90 0.4592 0.4538 0.2059
27-Oct-23 18,928.75 19,047.25 0.6260 0.6206 0.3851
26-Oct-23 19,027.25 18,857.25 -0.8935 -0.8989 0.8080
25-Oct-23 19,286.45 19,122.15 -0.8519 -0.8573 0.7350
23-Oct-23 19,521.60 19,281.75 -1.2286 -1.2341 1.5230
20-Oct-23 19,542.15 19,542.65 0.0026 -0.0029 0.0000
19-Oct-23 19,545.20 19,624.70 0.4067 0.4013 0.1610
18-Oct-23 19,820.45 19,671.10 -0.7535 -0.7590 0.5760
17-Oct-23 19,843.20 19,811.50 -0.1598 -0.1652 0.0273
16-Oct-23 19,737.25 19,731.75 -0.0279 -0.0333 0.0011
13-Oct-23 19,654.55 19,751.05 0.4910 0.4855 0.2357
12-Oct-23 19,822.70 19,794.00 -0.1448 -0.1502 0.0226
11-Oct-23 19,767.00 19,811.35 0.2244 0.2189 0.0479
10-Oct-23 19,565.60 19,689.85 0.6350 0.6296 0.3964
9-Oct-23 19,539.45 19,512.35 -0.1387 -0.1442 0.0208
6-Oct-23 19,621.20 19,653.50 0.1646 0.1592 0.0253
5-Oct-23 19,521.85 19,545.75 0.1224 0.1170 0.0137
4-Oct-23 19,446.30 19,436.10 -0.0525 -0.0579 0.0034
3-Oct-23 19,622.40 19,528.75 -0.4773 -0.4827 0.2330
29-Sep-23 19,581.20 19,638.30 0.2916 0.2861 0.0819
28-Sep-23 19,761.80 19,523.55 -1.2056 -1.2111 1.4667
27-Sep-23 19,637.05 19,716.45 0.4043 0.3989 0.1591
26-Sep-23 19,682.80 19,664.70 -0.0920 -0.0974 0.0095
25-Sep-23 19,678.20 19,674.55 -0.0185 -0.0240 0.0006
22-Sep-23 19,744.85 19,674.25 -0.3576 -0.3630 0.1318
21-Sep-23 19,840.55 19,742.35 -0.4949 -0.5004 0.2504
20-Sep-23 19,980.75 19,901.40 -0.3971 -0.4026 0.1621
18-Sep-23 20,155.95 20,133.30 -0.1124 -0.1178 0.0139
15-Sep-23 20,156.45 20,192.35 0.1781 0.1727 0.0298
14-Sep-23 20,127.95 20,103.10 -0.1235 -0.1289 0.0166
13-Sep-23 19,989.50 20,070.00 0.4027 0.3973 0.1578
12-Sep-23 20,110.15 19,993.20 -0.5815 -0.5870 0.3446
11-Sep-23 19,890.00 19,996.35 0.5347 0.5292 0.2801
8-Sep-23 19,774.80 19,819.95 0.2283 0.2229 0.0497
7-Sep-23 19,598.65 19,727.05 0.6551 0.6497 0.4221
6-Sep-23 19,581.20 19,611.05 0.1524 0.1470 0.0216
5-Sep-23 19,564.65 19,574.90 0.0524 0.0469 0.0022
4-Sep-23 19,525.05 19,528.80 0.0192 0.0137 0.0002
1-Sep-23 19,258.15 19,435.30 0.9199 0.9144 0.8362
31-Aug-23 19,375.55 19,253.80 -0.6284 -0.6338 0.4017
30-Aug-23 19,433.45 19,347.45 -0.4425 -0.4480 0.2007
29-Aug-23 19,374.85 19,342.65 -0.1662 -0.1717 0.0295
28-Aug-23 19,298.35 19,306.05 0.0399 0.0344 0.0012
25-Aug-23 19,297.40 19,265.80 -0.1638 -0.1692 0.0286
24-Aug-23 19,535.15 19,386.70 -0.7599 -0.7654 0.5858
23-Aug-23 19,439.20 19,444.00 0.0247 0.0192 0.0004
22-Aug-23 19,417.10 19,396.45 -0.1063 -0.1118 0.0125
21-Aug-23 19,320.65 19,393.60 0.3776 0.3721 0.1385
18-Aug-23 19,301.75 19,310.15 0.0435 0.0381 0.0014
17-Aug-23 19,450.55 19,365.25 -0.4385 -0.4440 0.1971
16-Aug-23 19,369.00 19,465.00 0.4956 0.4902 0.2403
14-Aug-23 19,383.95 19,434.55 0.2610 0.2556 0.0653
11-Aug-23 19,554.25 19,428.30 -0.6441 -0.6496 0.4219
10-Aug-23 19,605.55 19,543.10 -0.3185 -0.3240 0.1050
9-Aug-23 19,578.80 19,632.55 0.2745 0.2691 0.0724
8-Aug-23 19,627.20 19,570.85 -0.2871 -0.2926 0.0856
7-Aug-23 19,576.85 19,597.30 0.1045 0.0990 0.0098
4-Aug-23 19,462.80 19,517.00 0.2785 0.2730 0.0745
3-Aug-23 19,463.75 19,381.65 -0.4218 -0.4273 0.1826
2-Aug-23 19,655.40 19,526.55 -0.6555 -0.6610 0.4369
1-Aug-23 19,784.00 19,733.55 -0.2550 -0.2605 0.0678
31-Jul-23 19,666.35 19,753.80 0.4447 0.4392 0.1929
28-Jul-23 19,659.75 19,646.05 -0.0697 -0.0751 0.0056
27-Jul-23 19,850.90 19,659.90 -0.9622 -0.9676 0.9363
26-Jul-23 19,733.35 19,778.30 0.2278 0.2223 0.0494
25-Jul-23 19,729.35 19,680.60 -0.2471 -0.2526 0.0638
 24-Jul-23 19,748.45 19,672.35 -0.3853 -0.3908 0.1527
21-Jul-23 19,800.45 19,745.00 -0.2800 -0.2855 0.0815
20-Jul-23 19,831.70 19,979.15 0.7435 0.7381 0.5447
19-Jul-23 19,802.95 19,833.15 0.1525 0.1470 0.0216
18-Jul-23 19,787.50 19,749.25 -0.1933 -0.1988 0.0395
17-Jul-23 19,612.15 19,711.45 0.5063 0.5009 0.2509
14-Jul-23 19,493.45 19,564.50 0.3645 0.3590 0.1289
13-Jul-23 19,495.20 19,413.75 -0.4178 -0.4233 0.1791
12-Jul-23 19,497.45 19,384.30 -0.5803 -0.5858 0.3431
11-Jul-23 19,427.10 19,439.40 0.0633 0.0579 0.0033
10-Jul-23 19,400.35 19,355.90 -0.2291 -0.2346 0.0550
7-Jul-23 19,422.80 19,331.80 -0.4685 -0.4740 0.2247
6-Jul-23 19,385.70 19,497.30 0.5757 0.5702 0.3252
5-Jul-23 19,405.95 19,398.50 -0.0384 -0.0438 0.0019
4-Jul-23 19,406.60 19,389.00 -0.0907 -0.0961 0.0092
3-Jul-23 19,246.50 19,322.55 0.3951 0.3897 0.1519
30-Jun-23 19,076.85 19,189.05 0.5881 0.5827 0.3395
28-Jun-23 18,908.15 18,972.10 0.3382 0.3328 0.1107
27-Jun-23 18,748.55 18,817.40 0.3672 0.3618 0.1309
26-Jun-23 18,682.35 18,691.20 0.0474 0.0419 0.0018
23-Jun-23 18,741.85 18,665.50 -0.4074 -0.4128 0.1704
22-Jun-23 18,853.60 18,771.25 -0.4368 -0.4422 0.1956
21-Jun-23 18,849.40 18,856.85 0.0395 0.0341 0.0012
20-Jun-23 18,752.35 18,816.70 0.3432 0.3377 0.1140
19-Jun-23 18,873.30 18,755.45 -0.6244 -0.6299 0.3968
16-Jun-23 18,723.30 18,826.00 0.5485 0.5431 0.2949
15-Jun-23 18,774.45 18,688.10 -0.4599 -0.4654 0.2166
14-Jun-23 18,744.60 18,755.90 0.0603 0.0548 0.0030
13-Jun-23 18,631.80 18,716.15 0.4527 0.4473 0.2000
12-Jun-23 18,595.05 18,601.50 0.0347 0.0292 0.0009
9-Jun-23 18,655.90 18,563.40 -0.4958 -0.5013 0.2513
8-Jun-23 18,725.35 18,634.55 -0.4849 -0.4904 0.2405
7-Jun-23 18,665.60 18,726.40 0.3257 0.3203 0.1026
6-Jun-23 18,600.80 18,599.00 -0.0097 -0.0151 0.0002
5-Jun-23 18,612.00 18,593.85 -0.0975 -0.1030 0.0106
2-Jun-23 18,550.85 18,534.10 -0.0903 -0.0957 0.0092
1-Jun-23 18,579.40 18,487.75 -0.4933 -0.4987 0.2487
31-May-23 18,594.20 18,534.40 -0.3216 -0.3271 0.1070
30-May-23 18,606.65 18,633.85 0.1462 0.1407 0.0198
29-May-23 18,619.15 18,598.65 -0.1101 -0.1156 0.0134
26-May-23 18,368.35 18,499.35 0.7132 0.7077 0.5009
25-May-23 18,268.90 18,321.15 0.2860 0.2805 0.0787
24-May-23 18,294.80 18,285.40 -0.0514 -0.0568 0.0032
23-May-23 18,362.90 18,348.00 -0.0811 -0.0866 0.0075
 22-May-23 18,201.10 18,314.40 0.6225 0.6170 0.3807
19-May-23 18,186.15 18,203.40 0.0949 0.0894 0.0080
18-May-23 18,287.50 18,129.95 -0.8615 -0.8670 0.7516
17-May-23 18,300.45 18,181.75 -0.6486 -0.6541 0.4278
16-May-23 18,432.35 18,286.50 -0.7913 -0.7967 0.6348
15-May-23 18,339.30 18,398.85 0.3247 0.3193 0.1019
12-May-23 18,273.75 18,314.80 0.2246 0.2192 0.0480
11-May-23 18,357.80 18,297.00 -0.3312 -0.3367 0.1133
10-May-23 18,313.60 18,315.10 0.0082 0.0027 0.0000
9-May-23 18,303.40 18,265.95 -0.2046 -0.2101 0.0441
8-May-23 18,120.60 18,264.40 0.7936 0.7881 0.6211
5-May-23 18,117.30 18,069.00 -0.2666 -0.2721 0.0740
4-May-23 18,081.00 18,255.80 0.9668 0.9613 0.9241
3-May-23 18,113.80 18,089.85 -0.1322 -0.1377 0.0190
2-May-23 18,124.80 18,147.65 0.1261 0.1206 0.0145
28-Apr-23 17,950.40 18,065.00 0.6384 0.6330 0.4007
27-Apr-23 17,813.10 17,915.05 0.5723 0.5669 0.3213
26-Apr-23 17,767.30 17,813.60 0.2606 0.2551 0.0651
25-Apr-23 17,761.55 17,769.25 0.0434 0.0379 0.0014
24-Apr-23 17,707.55 17,743.40 0.2025 0.1970 0.0388
21-Apr-23 17,639.75 17,624.05 -0.0890 -0.0945 0.0089
20-Apr-23 17,638.60 17,624.45 -0.0802 -0.0857 0.0073
19-Apr-23 17,653.35 17,618.75 -0.1960 -0.2015 0.0406
18-Apr-23 17,766.60 17,660.15 -0.5992 -0.6046 0.3656
17-Apr-23 17,863.00 17,706.85 -0.8742 -0.8796 0.7737
13-Apr-23 17,807.30 17,828.00 0.1162 0.1108 0.0123
12-Apr-23 17,759.55 17,812.40 0.2976 0.2921 0.0853
11-Apr-23 17,704.80 17,722.30 0.0988 0.0934 0.0087
10-Apr-23 17,634.90 17,624.05 -0.0615 -0.0670 0.0045
6-Apr-23 17,533.85 17,599.15 0.3724 0.3670 0.1347
5-Apr-23 17,422.30 17,557.05 0.7734 0.7680 0.5898
3-Apr-23 17,427.95 17,398.05 -0.1716 -0.1770 0.0313
Total -3.6281 -3.6336 13.2031
 −3.6281
∑(𝑅𝑖) =
246

= -0.0147

√[∑𝑅𝑖 − 𝛴(𝑅𝑖)]2
𝜎(𝑅𝑖) =
𝑛

13.2031
=√
246

= 0.2316
 Calculation of Systematic Risk (β) and Unsystematic Risk (α)

Table representing Nifty-50(Xi) and BKT (Yi) daily return from 1st April, 2023 to 31st March,
2024.

Date RIL (Yi) NIFTY(Xi) XY X^2 Y^2

28-Mar-24 -0.4706 0.7368 -0.3467 0.5429 0.2214
27-Mar-24 3.0974 0.3160 0.9789 0.0999 9.5937
26-Mar-24 -0.2370 0.2588 -0.0613 0.0670 0.0562
22-Mar-24 0.3483 0.7503 0.2613 0.5629 0.1213
21-Mar-24 -0.1067 0.1003 -0.0107 0.0101 0.0114
20-Mar-24 1.1065 -0.0220 -0.0243 0.0005 1.2243
19-Mar-24 -0.2450 -0.5878 0.1440 0.3455 0.0600
18-Mar-24 1.3715 0.2983 0.4091 0.0890 1.8810
15-Mar-24 -0.5417 -0.1881 0.1019 0.0354 0.2935
14-Mar-24 -0.5713 0.7465 -0.4265 0.5573 0.3264
13-Mar-24 -3.2167 -1.9369 6.2306 3.7518 10.3472
12-Mar-24 0.6017 0.0056 0.0034 0.0000 0.3621
11-Mar-24 -1.5044 -0.8209 1.2350 0.6739 2.2631
7-Mar-24 -1.6002 -0.0522 0.0835 0.0027 2.5605
6-Mar-24 0.6395 0.6564 0.4197 0.4308 0.4089
5-Mar-24 -0.3702 -0.0668 0.0247 0.0045 0.1371
4-Mar-24 1.1355 0.0094 0.0106 0.0001 1.2895
2-Mar-24 -0.0620 -0.1274 0.0079 0.0162 0.0038
1-Mar-24 1.9559 1.3173 2.5766 1.7354 3.8257
29-Feb-24 -0.2867 0.2170 -0.0622 0.0471 0.0822
28-Feb-24 -1.8459 -1.1837 2.1850 1.4012 3.4074
27-Feb-24 0.1770 0.4896 0.0867 0.2397 0.0313
26-Feb-24 -0.4168 -0.2127 0.0886 0.0452 0.1737
23-Feb-24 0.2769 -0.3468 -0.0960 0.1203 0.0767
22-Feb-24 0.9263 0.6154 0.5701 0.3788 0.8581
21-Feb-24 -0.4274 -0.8711 0.3723 0.7587 0.1827
20-Feb-24 -0.2712 0.4423 -0.1200 0.1957 0.0735
19-Feb-24 0.8173 0.0851 0.0695 0.0072 0.6681
16-Feb-24 -1.0769 0.0926 -0.0998 0.0086 1.1597
15-Feb-24 -0.8595 0.0192 -0.0165 0.0004 0.7388
14-Feb-24 1.6381 1.2137 1.9882 1.4731 2.6833
13-Feb-24 0.6596 0.3644 0.2404 0.1328 0.4350
12-Feb-24 -0.5750 -0.8474 0.4873 0.7182 0.3307
9-Feb-24 0.4642 0.2554 0.1186 0.0653 0.2155
8-Feb-24 0.0086 -1.3253 -0.0114 1.7565 0.0001
7-Feb-24 0.4335 -0.5196 -0.2253 0.2700 0.1879
6-Feb-24 -0.9744 0.4774 -0.4652 0.2279 0.9495
 5-Feb-24 -1.4872 -0.6813 1.0133 0.4642 2.2119
2-Feb-24 1.7112 0.1882 0.3220 0.0354 2.9283
1-Feb-24 -0.5819 -0.3820 0.2223 0.1459 0.3386
31-Jan-24 1.6115 1.1097 1.7883 1.2315 2.5968
30-Jan-24 -3.5840 -1.1648 4.1748 1.3568 12.8452
29-Jan-24 6.1231 1.4207 8.6991 2.0184 37.4926
25-Jan-24 0.7539 -0.4754 -0.3584 0.2260 0.5684
24-Jan-24 0.6478 1.2683 0.8217 1.6087 0.4197
23-Jan-24 -3.1474 -2.2006 6.9263 4.8427 9.9064
20-Jan-24 -0.6117 -0.6189 0.3786 0.3831 0.3742
19-Jan-24 -0.6214 0.0333 -0.0207 0.0011 0.3861
18-Jan-24 1.2247 0.2244 0.2748 0.0503 1.4998
17-Jan-24 0.1526 -0.3479 -0.0531 0.1210 0.0233
16-Jan-24 -1.1043 -0.2183 0.2411 0.0477 1.2196
15-Jan-24 1.3909 0.2009 0.2794 0.0404 1.9346
12-Jan-24 0.7960 0.5557 0.4424 0.3088 0.6336
11-Jan-24 2.2866 -0.1881 -0.4302 0.0354 5.2284
10-Jan-24 2.8366 0.4152 1.1779 0.1724 8.0465
9-Jan-24 -0.7500 -0.5022 0.3767 0.2522 0.5625
8-Jan-24 -0.8678 -1.0787 0.9361 1.1637 0.7531
5-Jan-24 0.1844 0.0233 0.0043 0.0005 0.0340
4-Jan-24 0.3342 0.2444 0.0817 0.0597 0.1117
3-Jan-24 -1.0230 -0.6636 0.6789 0.4404 1.0465
2-Jan-24 1.0329 -0.3933 -0.4062 0.1547 1.0668
1-Jan-24 0.3759 0.0651 0.0245 0.0042 0.1413
29-Dec-23 -1.0015 -0.0288 0.0288 0.0008 1.0030
28-Dec-23 0.6082 0.2933 0.1784 0.0861 0.3699
27-Dec-23 0.1878 0.7308 0.1373 0.5340 0.0353
26-Dec-23 0.3914 0.3564 0.1395 0.1270 0.1532
22-Dec-23 0.2129 0.2515 0.0535 0.0632 0.0453
21-Dec-23 1.4068 1.0512 1.4788 1.1049 1.9791
20-Dec-23 -1.7075 -1.8258 3.1176 3.3337 2.9155
19-Dec-23 0.1213 -0.1143 -0.0139 0.0131 0.0147
18-Dec-23 1.0178 -0.0753 -0.0767 0.0057 1.0359
15-Dec-23 0.7103 0.7948 0.5645 0.6318 0.5045
14-Dec-23 0.4136 0.3425 0.1417 0.1173 0.1711
13-Dec-23 0.4934 -0.0162 -0.0080 0.0003 0.2434
12-Dec-23 -1.4614 -0.5336 0.7798 0.2847 2.1356
11-Dec-23 0.1364 0.1517 0.0207 0.0230 0.0186
8-Dec-23 -0.3288 0.1686 -0.0554 0.0284 0.1081
7-Dec-23 -0.1199 -0.1493 0.0179 0.0223 0.0144
6-Dec-23 0.5721 -0.0623 -0.0356 0.0039 0.3273
5-Dec-23 -0.0513 0.2220 -0.0114 0.0493 0.0026
4-Dec-23 -1.2163 0.4119 -0.5009 0.1696 1.4795
 1-Dec-23 0.6854 0.3655 0.2505 0.1336 0.4698
30-Nov-23 -0.7203 0.1226 -0.0883 0.0150 0.5189
29-Nov-23 -0.3032 0.6010 -0.1822 0.3611 0.0919
28-Nov-23 0.0209 0.2270 0.0047 0.0515 0.0004
24-Nov-23 0.0962 -0.0752 -0.0072 0.0057 0.0092
23-Nov-23 0.3057 -0.1334 -0.0408 0.0178 0.0934
22-Nov-23 0.5558 0.1408 0.0782 0.0198 0.3089
21-Nov-23 0.5452 0.0632 0.0345 0.0040 0.2973
20-Nov-23 0.0341 -0.1883 -0.0064 0.0354 0.0012
17-Nov-23 0.1126 0.2900 0.0327 0.0841 0.0127
16-Nov-23 0.4083 0.4600 0.1878 0.2116 0.1667
15-Nov-23 0.7030 0.1224 0.0860 0.0150 0.4942
13-Nov-23 -0.3573 -0.2217 0.0792 0.0491 0.1277
12-Nov-23 0.1978 -0.1110 -0.0220 0.0123 0.0391
10-Nov-23 0.4055 0.3798 0.1540 0.1443 0.1645
9-Nov-23 -1.0831 -0.3192 0.3457 0.1019 1.1731
8-Nov-23 0.1672 -0.0314 -0.0052 0.0010 0.0280
7-Nov-23 -0.4392 0.0137 -0.0060 0.0002 0.1929
6-Nov-23 0.2873 0.3406 0.0979 0.1160 0.0825
3-Nov-23 -0.3223 -0.0541 0.0174 0.0029 0.1039
2-Nov-23 0.2701 0.0693 0.0187 0.0048 0.0730
1-Nov-23 0.3604 -0.3929 -0.1416 0.1544 0.1299
31-Oct-23 -1.7225 -0.7973 1.3734 0.6357 2.9670
30-Oct-23 1.6931 0.4592 0.7775 0.2109 2.8664
27-Oct-23 1.1518 0.6260 0.7211 0.3919 1.3266
26-Oct-23 -1.0884 -0.8935 0.9724 0.7983 1.1846
25-Oct-23 0.3511 -0.8519 -0.2991 0.7257 0.1233
23-Oct-23 -1.1703 -1.2286 1.4379 1.5096 1.3696
20-Oct-23 -0.0391 0.0026 -0.0001 0.0000 0.0015
19-Oct-23 -0.2530 0.4067 -0.1029 0.1654 0.0640
18-Oct-23 -1.3268 -0.7535 0.9998 0.5678 1.7605
17-Oct-23 -0.0318 -0.1598 0.0051 0.0255 0.0010
16-Oct-23 -0.0405 -0.0279 0.0011 0.0008 0.0016
13-Oct-23 0.3974 0.4910 0.1951 0.2411 0.1580
12-Oct-23 0.2368 -0.1448 -0.0343 0.0210 0.0561
11-Oct-23 1.3221 0.2244 0.2966 0.0503 1.7480
10-Oct-23 0.0802 0.6350 0.0509 0.4033 0.0064
9-Oct-23 -0.4268 -0.1387 0.0592 0.0192 0.1821
6-Oct-23 0.0410 0.1646 0.0067 0.0271 0.0017
5-Oct-23 -0.2221 0.1224 -0.0272 0.0150 0.0493
4-Oct-23 0.2230 -0.0525 -0.0117 0.0028 0.0497
3-Oct-23 -0.5064 -0.4773 0.2417 0.2278 0.2565
29-Sep-23 0.1366 0.2916 0.0398 0.0850 0.0187
28-Sep-23 -2.0520 -1.2056 2.4740 1.4535 4.2108
27-Sep-23 1.0838 0.4043 0.4382 0.1635 1.1747
26-Sep-23 0.1689 -0.0920 -0.0155 0.0085 0.0285
25-Sep-23 -0.4233 -0.0185 0.0079 0.0003 0.1792
22-Sep-23 -0.8859 -0.3576 0.3168 0.1279 0.7849
21-Sep-23 -0.4274 -0.4949 0.2115 0.2450 0.1827
20-Sep-23 -1.6880 -0.3971 0.6703 0.1577 2.8492
18-Sep-23 -0.1475 -0.1124 0.0166 0.0126 0.0218
15-Sep-23 -0.4113 0.1781 -0.0732 0.0317 0.1691
14-Sep-23 -0.2724 -0.1235 0.0336 0.0152 0.0742
13-Sep-23 0.4529 0.4027 0.1824 0.1622 0.2051
12-Sep-23 -1.7781 -0.5815 1.0340 0.3382 3.1616
11-Sep-23 0.9217 0.5347 0.4928 0.2859 0.8495
8-Sep-23 0.3361 0.2283 0.0767 0.0521 0.1129
7-Sep-23 0.4253 0.6551 0.2786 0.4292 0.1809
6-Sep-23 0.3139 0.1524 0.0479 0.0232 0.0985
5-Sep-23 0.1488 0.0524 0.0078 0.0027 0.0221
4-Sep-23 -0.0808 0.0192 -0.0016 0.0004 0.0065
1-Sep-23 0.2535 0.9199 0.2332 0.8462 0.0642
31-Aug-23 -0.6603 -0.6284 0.4149 0.3948 0.4360
30-Aug-23 -0.5736 -0.4425 0.2538 0.1958 0.3290
29-Aug-23 -1.2928 -0.1662 0.2149 0.0276 1.6713
28-Aug-23 -1.1428 0.0399 -0.0456 0.0016 1.3060
25-Aug-23 0.5029 -0.1638 -0.0823 0.0268 0.2529
24-Aug-23 -2.3662 -0.7599 1.7981 0.5775 5.5991
23-Aug-23 -0.0792 0.0247 -0.0020 0.0006 0.0063
22-Aug-23 0.0993 -0.1063 -0.0106 0.0113 0.0099
21-Aug-23 -0.7854 0.3776 -0.2966 0.1426 0.6169
18-Aug-23 1.0094 0.0435 0.0439 0.0019 1.0189
17-Aug-23 -1.1336 -0.4385 0.4971 0.1923 1.2850
16-Aug-23 0.9467 0.4956 0.4692 0.2457 0.8962
14-Aug-23 1.5065 0.2610 0.3933 0.0681 2.2695
11-Aug-23 0.5805 -0.6441 -0.3739 0.4149 0.3369
10-Aug-23 0.4555 -0.3185 -0.1451 0.1015 0.2074
9-Aug-23 0.8124 0.2745 0.2230 0.0754 0.6600
8-Aug-23 -0.7654 -0.2871 0.2198 0.0824 0.5859
7-Aug-23 0.1131 0.1045 0.0118 0.0109 0.0128
4-Aug-23 0.4302 0.2785 0.1198 0.0776 0.1851
3-Aug-23 0.0242 -0.4218 -0.0102 0.1779 0.0006
2-Aug-23 -0.9106 -0.6555 0.5970 0.4297 0.8293
1-Aug-23 -1.6360 -0.2550 0.4172 0.0650 2.6765
31-Jul-23 0.8466 0.4447 0.3764 0.1977 0.7167
28-Jul-23 0.6290 -0.0697 -0.0438 0.0049 0.3956
27-Jul-23 -1.2372 -0.9622 1.1904 0.9258 1.5305
26-Jul-23 1.6579 0.2278 0.3777 0.0519 2.7488
 25-Jul-23 -0.3288 -0.2471 0.0812 0.0611 0.1081
24-Jul-23 0.2580 -0.3853 -0.0994 0.1485 0.0665
21-Jul-23 -2.6926 -0.2800 0.7540 0.0784 7.2501
20-Jul-23 1.5446 0.7435 1.1484 0.5528 2.3857
19-Jul-23 0.4187 0.1525 0.0639 0.0233 0.1753
18-Jul-23 0.1225 -0.1933 -0.0237 0.0374 0.0150
17-Jul-23 1.8092 0.5063 0.9161 0.2564 3.2734
14-Jul-23 -0.3382 0.3645 -0.1233 0.1328 0.1144
13-Jul-23 -1.4692 -0.4178 0.6138 0.1746 2.1584
12-Jul-23 0.0524 -0.5803 -0.0304 0.3368 0.0027
11-Jul-23 0.4286 0.0633 0.0271 0.0040 0.1837
10-Jul-23 1.7163 -0.2291 -0.3932 0.0525 2.9457
7-Jul-23 -0.0531 -0.4685 0.0249 0.2195 0.0028
6-Jul-23 2.4340 0.5757 1.4012 0.3314 5.9242
5-Jul-23 -0.9391 -0.0384 0.0361 0.0015 0.8818
4-Jul-23 -1.3810 -0.0907 0.1252 0.0082 1.9070
3-Jul-23 2.2537 0.3951 0.8905 0.1561 5.0790
30-Jun-23 0.1512 0.5881 0.0889 0.3459 0.0229
28-Jun-23 0.6566 0.3382 0.2221 0.1144 0.4311
27-Jun-23 -0.0040 0.3672 -0.0015 0.1349 0.0000
26-Jun-23 -0.4567 0.0474 -0.0216 0.0022 0.2086
23-Jun-23 -0.5595 -0.4074 0.2279 0.1660 0.3131
22-Jun-23 -0.8020 -0.4368 0.3503 0.1908 0.6433
21-Jun-23 0.2855 0.0395 0.0113 0.0016 0.0815
20-Jun-23 0.3749 0.3432 0.1286 0.1178 0.1405
19-Jun-23 -1.2461 -0.6244 0.7781 0.3899 1.5528
16-Jun-23 0.6718 0.5485 0.3685 0.3009 0.4513
15-Jun-23 0.0294 -0.4599 -0.0135 0.2115 0.0009
14-Jun-23 1.2237 0.0603 0.0738 0.0036 1.4975
13-Jun-23 1.0361 0.4527 0.4691 0.2050 1.0734
12-Jun-23 0.3494 0.0347 0.0121 0.0012 0.1221
9-Jun-23 -0.9992 -0.4958 0.4954 0.2458 0.9984
8-Jun-23 -0.2534 -0.4849 0.1229 0.2351 0.0642
7-Jun-23 0.4483 0.3257 0.1460 0.1061 0.2010
6-Jun-23 -0.1651 -0.0097 0.0016 0.0001 0.0273
5-Jun-23 0.4073 -0.0975 -0.0397 0.0095 0.1659
2-Jun-23 -0.6394 -0.0903 0.0577 0.0082 0.4089
1-Jun-23 -0.6814 -0.4933 0.3361 0.2433 0.4643
31-May-23 -1.2040 -0.3216 0.3872 0.1034 1.4496
30-May-23 -0.0258 0.1462 -0.0038 0.0214 0.0007
29-May-23 -0.0159 -0.1101 0.0017 0.0121 0.0003
26-May-23 1.9731 0.7132 1.4072 0.5086 3.8933
25-May-23 0.2486 0.2860 0.0711 0.0818 0.0618
24-May-23 -0.2310 -0.0514 0.0119 0.0026 0.0534
 23-May-23 -0.2479 -0.0811 0.0201 0.0066 0.0615
22-May-23 0.8214 0.6225 0.5113 0.3875 0.6746
19-May-23 0.3246 0.0949 0.0308 0.0090 0.1053
18-May-23 -0.6328 -0.8615 0.5451 0.7422 0.4004
17-May-23 -0.9622 -0.6486 0.6241 0.4207 0.9259
16-May-23 -1.6119 -0.7913 1.2754 0.6261 2.5981
15-May-23 -0.0261 0.3247 -0.0085 0.1054 0.0007
12-May-23 0.5891 0.2246 0.1323 0.0505 0.3471
11-May-23 -0.7463 -0.3312 0.2472 0.1097 0.5570
10-May-23 0.2651 0.0082 0.0022 0.0001 0.0703
9-May-23 0.1838 -0.2046 -0.0376 0.0419 0.0338
8-May-23 0.8939 0.7936 0.7094 0.6298 0.7990
5-May-23 0.0307 -0.2666 -0.0082 0.0711 0.0009
4-May-23 1.1090 0.9668 1.0721 0.9346 1.2298
3-May-23 -1.0184 -0.1322 0.1347 0.0175 1.0371
2-May-23 0.1991 0.1261 0.0251 0.0159 0.0396
28-Apr-23 1.6163 0.6384 1.0319 0.4076 2.6124
27-Apr-23 0.0863 0.5723 0.0494 0.3276 0.0075
26-Apr-23 -0.7104 0.2606 -0.1851 0.0679 0.5046
25-Apr-23 0.4248 0.0434 0.0184 0.0019 0.1804
24-Apr-23 -0.7158 0.2025 -0.1449 0.0410 0.5124
21-Apr-23 -0.0702 -0.0890 0.0062 0.0079 0.0049
20-Apr-23 -0.3420 -0.0802 0.0274 0.0064 0.1169
19-Apr-23 0.5536 -0.1960 -0.1085 0.0384 0.3065
18-Apr-23 -1.5419 -0.5992 0.9238 0.3590 2.3773
17-Apr-23 -2.3712 -0.8742 2.0728 0.7641 5.6225
13-Apr-23 0.1062 0.1162 0.0124 0.0135 0.0113
12-Apr-23 0.4409 0.2976 0.1312 0.0886 0.1944
11-Apr-23 0.1007 0.0988 0.0100 0.0098 0.0101
10-Apr-23 -1.0702 -0.0615 0.0658 0.0038 1.1454
6-Apr-23 1.0051 0.3724 0.3743 0.1387 1.0102
5-Apr-23 -0.9434 0.7734 -0.7296 0.5982 0.8899
3-Apr-23 -0.5778 -0.1716 0.0991 0.0294 0.3339
Total 1.3423 -3.6281 -4.8700 13.1634 1.8017
 𝑛∑𝑥𝑦 − (∑𝑥)(∑𝑦)
𝛽=
𝑛∑𝑥 2 − (∑𝑥)2

246(−4.8700) − (−3,6281)(1.3423)
=
246(13.1634) − (−3.6281)2

= - 0.3699

𝛼 = 𝑦̅ − 𝛽𝑥̅
= 0.0055-(-0.3699) (0.0075)
=0.008