See portCov sheet in portfolioNStocks.xlsx and compute the correlation between the equal-weighted (i.e., invests 25% for each) portfolio and the maximum Sharpe ratio portfolio. There are two portfolios-portfolio 1 and portfolio 2- as follows. w_aap! 0.1 Ws w_hp 0.2 0.3 w pep 0.3 0.2 wwmt 0.4 0.1 W2 0.4 012 = Cov[r, -2] = Cov[wTF, WTF] = w Iw, + i 0.30 0.13 0.11 0.18 . = Op = 0.0893 0.0089 0.0036 0.0415 0.0119 0.0089 0.0415 0.0745 0.0049 0.0036 0.0119 0.0049 0.0233 0.0075 0.0075 0.0323 See portCov sheet in portfolioNStocks.xlsx and compute the correlation between the equal-weighted (i.e., invests 25% for each) portfolio and the maximum Sharpe ratio portfolio. There are two portfolios-portfolio 1 and portfolio 2- as follows. w_aap! 0.1 Ws w_hp 0.2 0.3 w pep 0.3 0.2 wwmt 0.4 0.1 W2 0.4 012 = Cov[r, -2] = Cov[wTF, WTF] = w Iw, + i 0.30 0.13 0.11 0.18 . = Op = 0.0893 0.0089 0.0036 0.0415 0.0119 0.0089 0.0415 0.0745 0.0049 0.0036 0.0119 0.0049 0.0233 0.0075 0.0075 0.0323