Monthly returns for the Toronto Stock Exchange Index and the following selected stocks on the Toronto Stock

Question:

Monthly returns for the Toronto Stock Exchange Index and the following selected stocks on the Toronto Stock Exchange were recorded for the years 2011 to 2015:

Barrick Gold (ABX)

Bombardier (BBD.B)

Bell Canada Enterprises (BCE)

Bank of Montreal (BMO)

Bank of Nova Scotia (BNS)

Canadian Imperial Bank of Commerce (CM)

Canadian National Railways (CNR)

Canadian Oil Sands (COS)

Canadian Tire (CTC.A)

Encana (ECA)

Enbridge (ENB)

Manulife Financial (MFC)

Magna International (MG)

Potash Corporation of Saskatchewan (POT)

Power Corporation of Canada (POW)

Rogers Communication (RCI.B)

Royal Bank of Canada (RY)

Suncor Energy (SU)

Telus (T)

George Weston (WN)

Calculate the beta coefficient and the coefficient of determination for the listed stock and interpret their values.

1. Barrick Gold (ABX)

2. Enbridge (ENB)

3. Telus (T)

Determine the average beta coefficient for the stocks in the listed portfolio.

4. Bank of Montreal (BMO), Bank of Nova Scotia (BNS), and Royal Bank of Canada (RY)

5. Encana (ECA), Enbridge (ENB), and Suncor Energy (SU)

6. Rogers Communication (RCI.B) and Telus (T)

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing... Beta Coefficient
Beta coefficient is a measure of sensitivity of a company's stock price to movement in the broad market index. It is an indicator of a stock's systematic risk which is the undiversifiable risk inherent in the whole financial system. Beta coefficient... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...