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Consider the month of November 2008. Find the percentile rank of the monthly arithmetic returns for this month for both the market and stock. (Hint:
- Consider the month of November 2008. Find the percentile rank of the monthly arithmetic returns for this month for both the market and stock. (Hint: use the percentrank function in Excel)
- Percent rank for Market = 0.05, Percent rank for Stock = 0.949
- Percent rank for Market = 0.01, Percent rank for Stock = 0.719
- Percent rank for Market = 0.10, Percent rank for Stock = 0.229
- Percent rank for Market = 0.02, Percent rank for Stock = 0.385
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