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Use the accompanying data to complete parts a through c below. a. Compute the correlation of monthly returns between Stantec and Canadian Tire. b. Compute
Use the accompanying data to complete parts a through c below. a. Compute the correlation of monthly returns between Stantec and Canadian Tire. b. Compute the annual standard deviation of Stantec and Canadian Tire. c. Compute the annual variance and standard deviation of a portfolio of 70% Stantec stock and 30% Canadian Tire stock. Click the icon to view the data table. a. The correlation of monthly returns between Stantec and Canadian Tire is (Round to five decimal places.) Data table \begin{tabular}{|c|c|c|} \hline May-16 & 6.93 & 5.22 \\ \hline Apr-16 & 2.19 & 1.09 \\ \hline Mar-16 & 16.94 & 2.77 \\ \hline Feb-16 & 17.34 & 15.85 \\ \hline Jan-16 & 0.23 & 3.39 \\ \hline Dec-15 & 0.78 & 5.56 \\ \hline Nov-15 & 5.39 & 9.28 \\ \hline Oct-15 & 12.86 & 4.19 \\ \hline Sep-15 & 5.38 & 3.14 \\ \hline Aug-15 & 15.20 & 4.56 \\ \hline Jul-15 & 0.07 & 2.39 \\ \hline Jun-15 & 6.10 & 3.59 \\ \hline May-15 & 5.55 & 1.31 \\ \hline Apr-15 & 7.89 & 0.96 \\ \hline Mar-15 & 5.04 & 2.04 \\ \hline Feb-15 & 2.14 & 12.88 \\ \hline Jan-15 & 1.85 & 4.52 \\ \hline Dec-14 & 3.83 & 4.34 \\ \hline Nov-14 & 7.02 & 4.26 \\ \hline Oct-14 & 2.04 & 7.69 \\ \hline Sep-14 & 1.11 & 2.16 \\ \hline Aug-14 & 7.11 & 8.97 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Oct-14 & 2.04 & 7.69 \\ \hline Sep-14 & 1.11 & 2.16 \\ \hline Aug-14 & 7.11 & 8.97 \\ \hline Jul-14 & 5.27 & 1.18 \\ \hline Jun-14 & 1.53 & 2.12 \\ \hline May-14 & 3.31 & 2.44 \\ \hline Apr-14 & 3.33 & 3.28 \\ \hline Mar-14 & 0.41 & 4.39 \\ \hline Feb-14 & 0.10 & 5.50 \\ \hline Jan-14 & 3.43 & 4.44 \\ \hline Dec-13 & 4.16 & 0.22 \\ \hline Nov-13 & 10.91 & 3.40 \\ \hline Oct-13 & 18.50 & 6.08 \\ \hline Sep-13 & 8.86 & 2.40 \\ \hline Aug-13 & 1.73 & 5.83 \\ \hline Jul-13 & 7.81 & 6.76 \\ \hline Jun-13 & 0.93 & 4.95 \\ \hline May-13 & 2.11 & 12.80 \\ \hline Apr-13 & 3.14 & 1.21 \\ \hline Mar-13 & 5.02 & 6.52 \\ \hline Feb-13 & 4.43 & 0.37 \\ \hline Jan-13 & 3.58 & 0.06 \\ \hline \end{tabular}
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