Finance help please. Thumbs up for all correct answers

1. Calculate Beta for Asset H (ust follow the steps) . STEP 1: Get the average returns for both the asset and the market Year 2004 2007 2005 2008 2006 Returns Asset Market 0.15 0.1 0.125 0.07 0.115 0.08 -0.02 0 -0.04 -0.01 Totals Auge Returns A STEP 2: Get the variance and standard deviation of the asset and the market Return Deviations Asset H Market Deviations 2 Asset H Market Year 2004 2007 2005 2008 2006 Returns Asset 0.15 0.125 0.115 -0.02 -0.04 Market 0.1 0.07 0.08 0 -0.01 Var SD = ance tell you) 2008 Covariance = 2004 Return Deviations Asset A. Return Deviations Market N-1 Return Deviations Asset H Market Year Dev H DevMkt 2004 2007 2005 2008 2006 Covariance . STEP 4: Get Correlation. Explain your results (ie, what does correlation tell you) Covariance Correlation = omarket . STEP 5: Estimate Beta. Explain the meaning of Beta. What's the logic behind your estimation? B. Correlation