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Can you please explain the steps on how to manually calculate the correlation of returns on the following table Year End Stock X Stock Y
Can you please explain the steps on how to manually calculate the correlation of returns on the following table
Year End | Stock X | Stock Y |
2004 | 20.1 | -14.6 |
2005 | 72.7 | 4.3 |
2006 | -25.7 | -58.1 |
2007 | 56.9 | 71.1 |
2008 | 6.7 | 17.3 |
2009 | 17.9 | 0.9 |
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