Question
Fareeda is looking to add two more stocks to her portfolio, she is deciding between the following stocks: Covariances Citadel Capital CIB Delta Sugar Egyptian
- Fareeda is looking to add two more stocks to her portfolio, she is deciding between the following stocks:
-
Covariances
Citadel Capital
CIB
Delta Sugar
Egyptian Media Prdn.
Orascom Construction
Ezz Steel
Citadel Capital
+0.556
-0.541
-0.315
+0.004
+0.108
CIB
+0.556
0
-0.263
+0.635
+0.333
Delta Sugar
-0.541
0
+0.021
+0.179
+0.224
Egyptian Media Prdn.
-0.315
-0.263
+0.021
+0.024
+0.098
Orascom Construction
+0.004
+0.635
+0.179
+0.024
+0.345
Ezz Steel
+0.108
+0.333
+0.224
+0.098
+0.345
Given the above data can you give recommendations to Fareeda on which pairs of stocks she should include and which she should not. Explain why and how she can reach to the final decision of which two stocks she should add to her portfolio.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started