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Returns on stocks X and Y are listed below: Period 1 2 3 4 5 6 7 Stock X 9 % 5 % 6 %

Returns on stocks X and Y are listed below:

Period

1 2 3 4 5 6 7

Stock X

9 % 5 % 6 % - 2 % 1 % - 3 % 11 %

Stock Y

- 4 % 3 % 10 % 7 % 5 % - 3 % 2 %

What is the correlation of returns on the two stocks?

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