Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Download the monthly Adjusted Closing Price for Target Corp. (Ticker = TGT) and S&P 500 (ticker = ^GSPC) from Yahoo website from January 1, 2014

Download the monthly Adjusted Closing Price for Target Corp. (Ticker = TGT) and S&P 500 (ticker = ^GSPC) from Yahoo website from January 1, 2014 to December 31, 2017 and calculate following:

Average monthly return for Target and S&P 500

Variance of returns for Target and S&P 500

Standard deviation of returns for Target and S&P 500

Correlation between Target and S&P 500

Beta for Target

Instructions for downloading the data from Yahoo!:

To obtain the monthly data for each company, on Yahoo! Finance website, enter the ticker symbol under Quote Lookup. Then, click on "Historical Data". Enter "Time Period" as given above. For "Frequency", make sure Monthly is selected and then click on "Apply". Click on "Download Data".

First Calculate Returns:

Keep only Date and Adj Close columns for each company. Put all three sets of data in one excel file to do further analysis.

Use the 'Adj Close' column to obtain returns for each period. Remember that the Adjusted Close column has already adjusted the prices for dividends and stock splits so you do not have to adjust for it again. Just use the adjusted close column to obtain the returns.

Return for Month2 = Adj Close for Month2/Adj Close for Month1 - 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Multicolumn Journal

Authors: Claudia Gilbertson

11th Edition

1337565423, 9781337565424

More Books

Students also viewed these Accounting questions

Question

a. What department offers the course?

Answered: 1 week ago

Question

Self-confidence

Answered: 1 week ago

Question

The number of people commenting on the statement

Answered: 1 week ago