Question 12 For this question, refer to the Excel file numbers below Suppose you are reading the financial press, and co

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answerhappygod
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Question 12 For this question, refer to the Excel file numbers below Suppose you are reading the financial press, and co

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Question 12
For this question, refer to the Excel file numbers below
Suppose you are reading the financial press, and come upon anarticle such as this one here below:
You become interested and you wish to quantify the correlationbetween Tesla's daily rate of return with Hyundai's daily rate ofreturn. You download daily closing stock prices for each of the twocompanies from January 3, 2022 until June 29, 2022.
The correlation between Tesla's returns and Hyundai's returnsfor the entire available sample period is closest to whichvalue?
(a) -0.258 (b) -0.157 (c) 0.083 (d) 0.134 (e) 0.195
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