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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

  1. Fareeda is looking to add two more stocks to her portfolio, she is deciding between the following stocks:
  2. 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.

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