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Kindly help in solving the below problem Question 1 a) Ramesh is an investor. His portfolio primarily tracks the performance of the Nifty and Ramesh

Kindly help in solving the below problem
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Question 1 a) Ramesh is an investor. His portfolio primarily tracks the performance of the Nifty and Ramesh wants to add the stock of ABC Corp. Before adding the stock to his portfolio, he wants to assess the directional relationship between the stock and the Nifty Ramesh does not want to increase the unsystematic risk of his portfolio. Thus, he is interested in owning securities in the portfolio that tend to move in the same direction, Considering Ramesh's criteria and using the data set given below, provide a recommendation whether Ramesh should invest in ABC Corp. stock? 15 +1 = 6 marks! Year Nifty ABC 2013 1692 68 2014 1978 102 2015 1884 110 2016 2151 2017 2519 154 112 Corp

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