You are a portfolio manager generating a report for your clients'. Refer to the correlation Table 3 and discuss the nature of positive, zero, and negative relationships between security returns.
A B D E F G H 1 K L M 1 Vanguard Vanguard Vanguard Index Mid-Cap Small-Cap Trust 500 Index Growth Fund Index Fund Fund Investor Admiral (VFINX) Shares Shares (VMGRX) (VSMAX) Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) Vanguard BlackRock Intermediat Fidelity Emerging e-Term Internationa Markets Corporate I Small Cap Fund, Inc. , Bond Index endinde Fund Institutional Fund (FISMX) Shares Admiral (MADCX) ( Shares (VICSX) PGIM Short- Term Corporate Bond Fund- Class A (PBSMX) Fidelity Real Estate Investment Portfolio (FRESX) PIMCO Emerging Markets Corporate Bond Fund Institutional Class (PEMIX) Equally Weighted Portfolio 2 3 3 1.10% 2010 2011 4 4 5 5 2012 2013 15.05% 2.08% 15.96% 32.33% 13.64% 1.36% 11.93% 21.79% -4.43% 31.46% 18.37% 14.50% 24.61% 1.00% 14.43% 34.15% 10.86% 0.21% 0.44% 22.01% -3.29% 32.07% 33.41% 15.45% 27.89% -2.69% 18.24% 37.81% 7.50% -3.64% 18.30% 16.24% -9.31% 27.37% 19.11% 14.26% 8.36% - 12.51% 18.56% 22.06% -5.66% -0.18% 2.45% % 26.40% -14.46% 22.05% 10.26% 7.03% 25.40% 17.04% -15.53% -17.43% 18.89% 21.45% 35.11% -2.19% -5.40% -1.65% 6.37% -18.77% 8.18% 8.63% 32.90% 42.08% - 16.04% -10.72% 21.43% 26.44% 9.97% 24.53% 11.03% 8.13% Covariance - Table 3 0.43 5.29% 7.39% -1.38% 6.65% 0.45% 2.71% 3.15% -0.49% 9.81% 8.30% 7.72% 4.78% 2.77% 5.23% 0.89% 1.42% 0.81% 2.50% 1.91% 0.34% 6.47% 5.13% 2.93% 29.85% % 8.29% 18.02% 1.53% 30.139 5.95% 7.77% 4.27% -3.95% 1.10% 16.98% -2.35% -1.82% -5.42% 13.18% 9.01% -0.68% 11.85% 5.75% 4.43% 19.71% -2.76% 15.52% 15.80% 5.57% -1.29% 7.61% 17.98% -6.30% 21.42% 12.69% 9.63% 25.20% -7.93% 10.83% 9. 6 7 7 2014 8 8 2015 9 2016 10 2017 11 2018 12 2019 13 15 2020 14 Expected Return 15 16 17 VFINX 18 VMGRX 10 19 VSMAX 20 VTMGX 21 FISMX 22 MADCX wy 23 VICSX 24 PBSMX 25 FRESX 26 PEMIX 27 1.244% 1.376% 1.433% 1.328% 1.550% 1.361% 0.142% 0.100% 0.314% 0.282% 1.376% 1.923% 1.645% 1.489% 1.774% 1.697% 0.499% 0.150% 0.179% 0.180% 1.433% 1.645% 1.983% 1.548% 2.036% 1.587% 0.580% 0.138% 0.445% 0.353% 1.328% 1.489% 1.548% 1.863% 2.185% 2.015% 0.149% 0.122% 0.153% 0.480% 1.550% 1.774% 2.036% 2.185% 2.885% 2.158% 0.508% 0.107% 0.285% 0.376% 1.361% 1.697% 1.587% 2.015% 2.158% 3.589% 0.652% 0.235% 0.344% 0.939% 0.142% 0.499% 0.580% 0.149% 0.508% 0.652% 1.369% 0.125% 0.873% 0.018% 0.100% 0.150% 0.138% 0.122% 0.107% VU 0.235% wewe 0.125% 0.041% 0.098% 0.092% 0.314% 0.179% 0.445% 0.153% 0.285% 0.344% 0.873% 0.098% 1.575% 0.115% 0.282% 0.180% 0.353% 0.480% 0.376% 0.939% w 0.018% 0.092% 0.115% 0.493% 0.913% 1.091% 1.175% 1.133% 1.387% 1.458% 0.491% 0.121% 0.438% 0.333% an
