Return

Return
Excess Return %
Excess Retu
Date
Close
Adj Close
Index
HCL
Index
HCL
09-09- 8866.
2016
7
780.55
0
0
-0.01%
08-09- 8952.
2016
5
773.95
-0.96%
0.85%
-0.97%
07-09- 8917.
2016
95
787.1
0.39%
-1.67%
0.37%
06-092016
8943
785.6
-0.28%
0.19%
-0.29%
05-09- 8809.
2016
65
784.55
1.51%
0.13%
1.50%
02-09- 8774.
2016
65
784.55
0.40%
0.00%
0.39%
01-09- 8786.
2016
2
783.8
-0.13%
0.10%
-0.15%
31-08- 8744.
2016
35
778.55
0.48%
0.67%
0.46%
30-08- 8607.
2016
45
773.9
1.59%
0.60%
1.58%
29-08- 8572.
2016
55
755.1
0.41%
2.49%
0.39%
26-08- 8592.
2016
2
778.75
-0.23%
-3.04%
-0.24%
25-08- 8650.
2016
3
798.05
-0.67%
-2.42%
-0.69%
24-08- 8632.
2016
6
790.35
0.21%
0.97%
0.19%
23-08- 8629.
2016
15
791
0.04%
-0.08%
0.03%
22-08- 8666.
2016
9
772.25
-0.44%
2.43%
-0.45%
19-08- 8673.
2016
25
781.85
-0.07%
-1.23%
-0.09%
18-08- 8624.
2016
05
785.8
0.57%
-0.50%
0.56%
17-08- 8642.
2016
55
784.55
-0.21%
0.16%
-0.23%
16-08- 8672.
2016
15
792.35
-0.34%
-0.98%
-0.36%
15-08- 8592.
2016
15
814.2
0.93%
-2.68%
0.92%
12-08- 8575.
2016
3
814.2
0.20%
0.00%
0.18%
11-08- 8678.
2016
25
824.55
-1.19%
-1.26%
-1.20%
10-08- 8711.
2016
35
818.15
-0.38%
0.78%
-0.39%
09-08- 8683.
2016
15
810.85
0.32%
0.90%
0.31%
08-08- 8551.
2016
1
813.0834
1.54%
-0.27%
1.53%
05-08- 8544.
2016
85
815.714
0.07%
-0.32%
0.06%
-

04-082016
03-082016
02-082016
01-082016
29-072016
28-072016
27-072016
26-072016
25-072016
22-072016
21-072016
20-072016
19-072016
18-072016
15-072016
14-072016
13-072016
12-072016
11-072016
08-072016
07-072016
06-072016
05-072016
04-072016
01-072016
30-062016
29-062016

8622.
9
8636.
55
8638.
5
8666.
3
8615.
8
8590.
65
8635.
65
8541.
2
8510.
1
8565.
85
8528.
55
8508.
7
8541.
4
8565
8519.
5
8521.
05
8467.
9
8323.
2
8337.
9
8335.
95
8370.
7
8328.
35
8287.
75
8204
8127.
85
8094.
7
8088.
6

817.7985

-0.91%

-0.25%

-0.92%

820.0817

-0.16%

-0.28%

-0.17%

794.8682

-0.02%

3.17%

-0.04%

774.7174

-0.32%

2.60%

-0.33%

747.4194

0.59%

3.65%

0.57%

745.2851

0.29%

0.29%

0.28%

747.9653

-0.52%

-0.36%

-0.53%

739.7759

1.11%

1.11%

1.09%

734.9616

0.37%

0.66%

0.35%

723.8438

-0.65%

1.54%

-0.66%

718.2353

0.44%

0.78%

0.42%

724.6379

0.23%

-0.88%

0.22%

724.7868

-0.38%

-0.02%

-0.40%

717.193

-0.28%

1.06%

-0.29%

712.2297

0.53%

0.70%

0.52%

722.9008

-0.02%

-1.48%

-0.03%

714.7114

0.63%

1.15%

0.61%

716.0514

1.74%

-0.19%

1.72%

711.5349

-0.18%

0.63%

-0.19%

716.5478

0.02%

-0.70%

0.01%

711.8326

-0.42%

0.66%

-0.43%

732.9762

0.51%

-2.88%

0.49%

732.9762

0.49%

0.00%

0.48%

742.8531

1.02%

-1.33%

1.01%

726.3254

0.94%

2.28%

0.92%

725.0846

0.41%

0.17%

0.40%

723.0993

0.08%

0.27%

0.06%

28-062016
27-062016
24-062016
23-062016
22-062016
21-062016
20-062016
17-062016
16-062016
15-062016
14-062016
13-062016
10-062016
09-062016
08-062016
07-062016
06-062016
03-062016
02-062016
01-062016
31-052016
30-052016
27-052016
26-052016
25-052016
24-052016
23-052016

8270.
45
8203.
7
8219.
9
8238.
5
8170.
2
8140.
75
8206.
6
8108.
85
8110.
6
8170.
05
8203.
6
8273.
05
8266.
45
8201.
05
8220.
8
8218.
95
8179.
95
8160.
1
8178.
5
8156.
65
8069.
65
7934.
9
7748.
85
7731.
05
7749.
7
7783.
4
7870.
15

707.9613

-2.20%

2.14%

-2.21%

729.6508

0.81%

-2.97%

0.80%

736.4009

-0.20%

-0.92%

-0.21%

764.1456

-0.23%

-3.63%

-0.24%

764.7908

0.84%

-0.08%

0.82%

764.4433

0.36%

0.05%

0.35%

764.9894

-0.80%

-0.07%

-0.82%

748.1142

1.21%

2.26%

1.19%

746.1785

-0.02%

0.26%

-0.04%

749.6528

-0.73%

-0.46%

-0.74%

746.8734

-0.41%

0.37%

-0.42%

748.1142

-0.84%

-0.17%

-0.85%

745.5333

0.08%

0.35%

0.07%

747.5186

0.80%

-0.27%

0.78%

738.0388

-0.24%

1.28%

-0.25%

721.3622

0.02%

2.31%

0.01%

719.2776

0.48%

0.29%

0.46%

716.5974

0.24%

0.37%

0.23%

716.0514

-0.22%

0.08%

-0.24%

729.1545

0.27%

-1.80%

0.25%

734.3659

1.08%

-0.71%

1.06%

742.059

1.70%

-1.04%

1.68%

752.0352

2.40%

-1.33%

2.39%

735.4579

0.23%

2.25%

0.22%

743.8458

-0.24%

-1.13%

-0.25%

733.82

-0.43%

1.37%

-0.45%

728.1618

-1.10%

0.78%

-1.12%

20-052016
19-052016
18-052016
17-052016
16-052016
13-052016
12-052016
11-052016
10-052016
09-052016
06-052016
05-052016
04-052016
03-052016
02-052016
29-042016
28-042016
27-042016
26-042016
25-042016
22-042016
21-042016
20-042016
19-042016
18-042016
15-042016
14-042016

7890.
75
7860.
75
7814.
9
7900.
4
7848.
85
7887.
8
7866.
05
7733.
45
7735.
5
7706.
55
7747
7805.
9
7849.
8
7847.
25
7979.
9
7962.
65
7855.
05
7899.
3
7912.
05
7914.
75
7914.
7
7850.
45
7708.
95
7671.
4
7555.
2
7546.
45
7614.
35

731.2391

-0.26%

-0.42%

-0.27%

724.7372

0.38%

0.90%

0.37%

736.7979

0.59%

-1.64%

0.57%

726.921

-1.08%

1.36%

-1.10%

713.6691

0.66%

1.86%

0.64%

717.8383

-0.49%

-0.58%

-0.51%

709.4503

0.28%

1.18%

0.26%

703.544

1.71%

0.84%

1.70%

713.5202

-0.03%

-1.40%

-0.04%

716.1011

0.38%

-0.36%

0.36%

717.2922

-0.52%

-0.17%

-0.54%

727.5166

-0.75%

-1.41%

-0.77%

725.7298

-0.56%

0.25%

-0.57%

717.1641

0.03%

1.19%

0.02%

730.7512

-1.66%

-1.86%

-1.68%

738.7262

0.22%

-1.08%

0.20%

787.5612

1.37%

-6.20%

1.36%

824.6304

-0.56%

-4.50%

-0.57%

836.6914

-0.16%

-1.44%

-0.17%

832.0639

-0.03%

0.56%

-0.05%

832.1132

0.00%

-0.01%

-0.01%

833.1962

0.82%

-0.13%

0.80%

828.2241

1.84%

0.60%

1.82%

840.1374

0.49%

-1.42%

0.48%

840.1374

1.54%

0.00%

1.52%

824.6304

0.12%

1.88%

0.10%

824.6304

-0.89%

0.00%

-0.91%

13-042016
12-042016
11-042016
08-042016
07-042016
06-042016
05-042016
04-042016
01-042016
31-032016
30-032016
29-032016
28-032016
25-032016
24-032016
23-032016
22-032016
21-032016
18-032016
17-032016
16-032016
15-032016
14-032016
11-032016
10-032016
09-032016
08-032016

7603.
2
7758.
8
7713.
05
7738.
4
7735.
2
7597
7615.
1
7716.
5
7714.
9
7704.
25
7604.
35
7512.
55
7498.
75
7460.
6
7538.
75
7510.
2
7486.
15
7531.
8
7485.
3
7485.
35
7475.
6
7368.
85
7222.
3
6987.
05
7029.
75
6970.
6
7018.
7

824.6304

0.15%

0.00%

0.13%

826.698

-2.01%

-0.25%

-2.02%

826.3534

0.59%

0.04%

0.58%

820.249

-0.33%

0.74%

-0.34%

815.6708

0.04%

0.56%

0.03%

825.8119

1.82%

-1.23%

1.81%

830.2424

-0.24%

-0.53%

-0.25%

826.8949

-1.31%

0.40%

-1.33%

807.7449

0.02%

2.37%

0.01%

801.5421

0.14%

0.77%

0.12%

807.9418

1.31%

-0.79%

1.30%

794.3547

1.22%

1.71%

1.21%

798.1453

0.18%

-0.47%

0.17%

805.0866

0.51%

-0.86%

0.50%

805.0866

-1.04%

0.00%

-1.05%

805.0866

0.38%

0.00%

0.37%

815.6708

0.32%

-1.30%

0.31%

809.8617

-0.61%

0.72%

-0.62%

811.4371

0.62%

-0.19%

0.61%

802.7236

0.00%

1.09%

-0.01%

802.3298

0.13%

0.05%

0.12%

799.3268

1.45%

0.38%

1.43%

815.1292

2.03%

-1.94%

2.02%

810.354

3.37%

0.59%

3.35%

805.2342

-0.61%

0.64%

-0.62%

803.0682

0.85%

0.27%

0.83%

802.6744

-0.69%

0.05%

-0.70%

07-032016
04-032016
03-032016
02-032016
01-032016
29-022016
26-022016
25-022016
24-022016
23-022016
22-022016
19-022016
18-022016
17-022016
16-022016
15-022016
12-022016
11-022016
10-022016
09-022016
08-022016
05-022016
04-022016
03-022016
02-022016
01-022016
29-012016

7109.
55
7234.
55
7210.
75
7191.
75
7108.
45
7048.
25
7162.
95
6980.
95
6976.
35
7215.
7
7298.
2
7387.
25
7489.
1
7404
7361.
8
7455.
55
7555.
95
7563.
55
7424.
65
7437.
75
7436.
15
7422.
45
7276.
8
7309.
3
7435.
1
7351
7437.
8

822.5136

-1.28%

-2.41%

-1.29%

822.5136

-1.73%

0.00%

-1.74%

846.0449

0.33%

-2.78%

0.32%

841.6635

0.26%

0.52%

0.25%

819.3137

1.17%

2.73%

1.16%

800.7052

0.85%

2.32%

0.84%

811.9294

-1.60%

-1.38%

-1.61%

796.2746

2.61%

1.97%

2.59%

798.5391

0.07%

-0.28%

0.05%

816.163

-3.32%

-2.16%

-3.33%

832.9008

-1.13%

-2.01%

-1.14%

838.4144

-1.21%

-0.66%

-1.22%

830.9317

-1.36%

0.90%

-1.37%

812.077

1.15%

2.32%

1.14%

811.5847

0.57%

0.06%

0.56%

814.3415

-1.26%

-0.34%

-1.27%

785.9366

-1.33%

3.61%

-1.34%

795.5362

-0.10%

-1.21%

-0.11%

814.637

1.87%

-2.34%

1.86%

797.9484

-0.18%

2.09%

-0.19%

836.6422

0.02%

-4.62%

0.01%

856.2352

0.18%

-2.29%

0.17%

853.9707

2.00%

0.27%

1.99%

838.9559

-0.44%

1.79%

-0.46%

859.189

-1.69%

-2.35%

-1.71%

866.7209

1.14%

-0.87%

1.13%

852.3954

-1.17%

1.68%

-1.18%

28-012016
27-012016
26-012016
25-012016
22-012016
21-012016
20-012016
19-012016
18-012016
15-012016
14-012016
13-012016
12-012016
11-012016
08-012016
07-012016
06-012016
05-012016
04-012016
01-012016
31-122015
30-122015
29-122015
28-122015
25-122015
24-122015
23-122015

7536.
8
7562.
4
7510.
3
7563.
85
7601.
35
7568.
3
7741
7784.
65
7791.
3
7963.
2
7946.
35
7896.
25
7928.
95
7925.
15
7861.
05
7865.
95
7786.
1
7834.
45
7761.
95
7844.
35
7750.
9
7700.
9
7650.
05
7610.
45
7683.
3
7612.
5
7701.
7

831.4732

-1.31%

2.52%

-1.33%

823.1043

-0.34%

1.02%

-0.35%

819.8552

0.69%

0.40%

0.68%

819.8552

-0.71%

0.00%

-0.72%

820.3928

-0.49%

-0.07%

-0.51%

816.4827

0.44%

0.48%

0.42%

822.9833

-2.23%

-0.79%

-2.24%

819.4153

-0.56%

0.44%

-0.57%

823.4231

-0.09%

-0.49%

-0.10%

819.2198

-2.16%

0.51%

-2.17%

810.2265

0.21%

1.11%

0.20%

807.8316

0.63%

0.30%

0.62%

791.8489

-0.41%

2.02%

-0.43%

796.2478

0.05%

-0.55%

0.03%

809.7377

0.82%

-1.67%

0.80%

806.5119

-0.06%

0.40%

-0.08%

822.4945

1.03%

-1.94%

1.01%

823.863

-0.62%

-0.17%

-0.63%

826.9423

0.93%

-0.37%

0.92%

826.8445

-1.05%

0.01%

-1.06%

835.8866

1.21%

-1.08%

1.19%

821.6147

0.65%

1.74%

0.64%

835.3002

0.66%

-1.64%

0.65%

848.2036

0.52%

-1.52%

0.51%

840.9698

-0.95%

0.86%

-0.96%

840.9698

0.93%

0.00%

0.92%

844.3912

-1.16%

-0.41%

-1.17%

22-122015
21-122015
18-122015
17-122015
16-122015
15-122015
14-122015
11-122015
10-122015
09-122015
08-122015
07-122015
04-122015
03-122015
02-122015
01-122015
30-112015
27-112015
26-112015
25-112015
24-112015
23-112015
20-112015
19-112015
18-112015
17-112015
16-112015

7765.
4
7781.
9
7864.
15
7931.
35
7954.
9
7935.
25
7942.
7
7883.
8
7831.
6
7849.
25
7856.
55
7842.
75
7731.
8
7837.
55
7806.
6
7762.
25
7825
7783.
35
7915.
2
7954.
3
7955.
45
8040.
2
8060.
7
8050.
8
8065.
8
8111.
75
8171.
2

830.1681

-0.82%

1.71%

-0.83%

836.2288

-0.21%

-0.72%

-0.23%

827.1378

-1.05%

1.10%

-1.06%

841.1165

-0.85%

-1.66%

-0.86%

828.0175

-0.30%

1.58%

-0.31%

826.2091

0.25%

0.22%

0.23%

821.9568

-0.09%

0.52%

-0.11%

821.7124

0.75%

0.03%

0.73%

826.6979

0.67%

-0.60%

0.65%

825.2805

-0.22%

0.17%

-0.24%

838.7704

-0.09%

-1.61%

-0.11%

823.3743

0.18%

1.87%

0.16%

817.2158

1.43%

0.75%

1.42%

832.0254

-1.35%

-1.78%

-1.36%

840.3345

0.40%

-0.99%

0.38%

857.9789

0.57%

-2.06%

0.56%

851.3805

-0.80%

0.78%

-0.82%

852.9446

0.54%

-0.18%

0.52%

843.5114

-1.67%

1.12%

-1.68%

846.7373

-0.49%

-0.38%

-0.51%

846.7373

-0.01%

0.00%

-0.03%

844.3423

-1.05%

0.28%

-1.07%

847.0794

-0.25%

-0.32%

-0.27%

854.3131

0.12%

-0.85%

0.11%

826.649

-0.19%

3.35%

-0.20%

837.4996

-0.57%

-1.30%

-0.58%

819.7574

-0.73%

2.16%

-0.74%

13-112015
12-112015
11-112015
10-112015
09-112015
06-112015
05-112015
04-112015
03-112015
02-112015
30-102015

Risk-Free
Rate

8232.
9
8260.
55
8295.
45
8251.
7
8261.
65
8275.
05
8238.
15
8179.
5
8107.
9
8131.
7
8143.
6

824.4496

-0.75%

-0.57%

-0.76%

832.172

-0.33%

-0.93%

-0.35%

832.172

-0.42%

0.00%

-0.43%

832.172

0.53%

0.00%

0.52%

862.671

-0.12%

-3.54%

-0.13%

865.5547

-0.16%

-0.33%

-0.18%

857.7834

0.45%

0.91%

0.43%

861.7912

0.72%

-0.47%

0.70%

856.4148

0.88%

0.63%

0.87%

856.6103

-0.29%

-0.02%

-0.31%

852.1137

-0.15%

0.53%

-0.16%

0.0001
37

5.00%

3.00%

1.00%

-1.00%

-3.00%

-5.00%

-7.00%

Excess Return % Index

Excess Return % HCL

Regression Statistics
0.0153
MuHCLiple R
54
0.0002
R Square
357
Adjusted R
0.0042
Square
27
Standard
0.0091
Error
92
Observations
226

ANOVA
df
Regression

SS
1

Residual

224

Total

225

Intercept
X Variable 1

Coeffici
ents
0.00041
46
0.00970
2

4.46288E-06
0.01892634
3
0.01893080
6
Standard
Error
0.00061155
9
0.04221347
8

MS
4.46E06
8.45E05

t Stat
0.6779
82
0.2298
3

F
0.052
82

Pvalue
0.4984
83
0.8184
37

Significan
ce F
0.8184371
65

6.00%
4.00%
2.00%

Excess Retrun % HCL

0.00%
f(x) = - 0.03x + 0
-4.00% R-2.00%
0.00%
=0

2.00%

-2.00%

4.00%
Linear ()

-4.00%
-6.00%
-8.00%
Excess Return % Index

BETA = -2.41%
Interpretation:BETA is a historical measure of the risk an investor is
exposed to by holding a particular stock as compared to
the market as a whole.
In our case the BETA of Hindustan Computers Limited is
-2.41%, meaning it is twice less volatile then the market
i.e. when market increases by 10% it increases by 5% and
when market crashes -10% it nose down to -5%.
Change in market value * BETA = Estimated movement of
stock
Being high BETA HCL has low risk with high expected
return.
HCL performs steady in market when it is bullish.

As it is a historical measurement it can't predict future as

more historical data are recorded BETA changes and these
added data are highly unpredictable.
HCL is preferable to low risk averse investor.
R-squared is a statistical measure that represents the
percentage of a security's movements that can be
explained by movements in a benchmark index. R-squared
measures how closely each change in the price of an asset
is correlated to a benchmark.
It represents the correlation between HCL and Nifty. .02%
of the HCL price movement is explained by the Nifty
movement i.e. HCL has medium correlation between its
return and Nifty.