• Provided Below is the Average Return, Standard Deviation and Coefficient of Risk Variation of multiple portfolios comprised of the stock components of the Dow Jones Industrial Average
• Part 1) Analyze the risk and return patterns and diversification benefits of the different portfolios, (ie 5 Stock Portfolio vs 30 Stock Portfolio).
• Part 2) Based on the risk/return analysis, which portfolio selections are the most profitable?

Coefficient of Variation (CV)
5 Stock Portfolios		Average Returns	St. Deviation	CV
AXP+AMGN+AAPL+BA+CAT		-0.0002	0.045	-225.00
CSCO+CVX+GS+HD+HON		2.5572	0.0394	0.02
IBM+INTC+JNJ+KO+JPM		-0.0003	0.0321	-107.00
MCD+MMM+MRK+MSFT+NKE		-0.0026	0.0271	-10.42
PG+TRV+UNH+CRM+VZ		-0.0022	0.0289	-13.14
V+WBA+WMT+DIS+DOW		-0.0018	0.033	-18.33
10 Stock Portfolios
AXP+AMGN+APPL+BA+CAT+CSCO+CVX+GS+HD+HON		-7.817	0.0413	-0.01
IBM+INTC+JNJ+KO+JPM+MCD+MMM+MRK+MSFT+NKE		-0.0015	0.0288	-19.20
PG+TRV+UNH+CRM+VZ+V+WBA+WMT+DIS+DOW		-0.002	0.0288	-14.40
15 Stock Portfolios
AXP+AMGN+APPL+BA+CAT+CSCO+CVX+GS+HD+HON+IBM+INTC+JNJ+KO+JPM		-0.0002	0.0376	-188.00
MCD+MMM+MRK+MSFT+NKE+PG+TRV+UNH+CRM+VZV+V+WBA+WMT+DIS+DOW		-0.0022	0.0274	-12.45
30 Stock Portfolio
AXP+AMGN+AAPL+BA+CAT+CSCO+CVX+GS+HD+HON+IBM+INTC+JNJ+KO+JPM+MCD+MMM+MRK+MSFT+NKE+PG+TRV+UNH+CRM+VZ+V+WBA+WMT+DIS+DOW		-0.0012	0.0317	-26.42