Date Closing Prices of Infosys ACTUAL RETURN LOG RETURN Average return Deviation

Jan-15 2142.75
Feb-15 2294.85 7% 6.86% -2% 9%
Mar-15 2216.6 -3% -3.47% -2%
Apr-15 1942.4 -12% -13.21% -11%
May-15 2022.4 4% 4.04% 6%
Jun-15 985.35 -51% -71.90% -70%
Jul-15 1078.05 9% 8.99% 11%
Aug-15 1095.2 2% 1.58% 3%
Sep-15 1160.45 6% 5.79% 8%
Oct-15 1136.05 -2% -2.13% 0%
Nov-15 1088.45 -4% -4.28% -3%
Dec-15 1104.55 1% 1.47% 3%
Jan-16 1164.85 5% 5.32% 7%
Feb-16 1083.75 -7% -7.22% -6%
Mar-16 1217.95 12% 11.67% 13%
Apr-16 1210.85 -1% -0.58% 1%
May-16 1249.85 3% 3.17% 5%
Jun-16 1170.75 -6% -6.54% -5%
Jul-16 1073.95 -8% -8.63% -7%
Aug-16 1036.8 -3% -3.52% -2%
Sep-16 1038.1 0% 0.13% 2%
Oct-16 1002.5 -3% -3.49% -2%
Nov-16 975.45 -3% -2.74% -1%
Dec-16 1010.7 4% 3.55% 5%
Jan-17 929.3 -8% -8.40% -7%
Feb-17 1012.3 9% 8.55% 10%
Mar-17 1020.8 1% 0.84% 3%
Apr-17 919.4 -10% -10.46% -9%
May-17 976.95 6% 6.07% 8%
Jun-17 935.65 -4% -4.32% -3%
Jul-17 1011.3 8% 7.78% 9%
Aug-17 915.3 -9% -9.97% -8%
Sep-17 898.75 -2% -1.82% 0%
Oct-17 921.65 3% 2.52% 4%
Nov-17 974.95 6% 5.62% 7%
Dec-17 1039.3 7% 6.39% 8%
Jan-18 1150.65 11% 10.18% 12%
Feb-18 1174.25 2% 2.03% 4%
Mar-18 1134.4 -3% -3.45% -2%
Apr-18 1199.4 6% 5.57% 7%
May-18 1231.9 3% 2.67% 4%
Jun-18 1306.75 6% 5.90% 8%
Jul-18 1365 4% 4.36% 6%
Aug-18 1440 5% 5.35% 7%
Sep-18 727.85 -49% -68.23% -67%
Oct-18 686.25 -6% -5.89% -4%
Nov-18 666.5 -3% -2.92% -1%
Dec-18 659.85 -1% -1.00% 1%
Jan-19 749.6 14% 12.75% 14%
Feb-19 733.95 -2% -2.11% 0%
Mar-19 742.3 1% 1.13% 3%
Apr-19 749.95 1% 1.03% 3%
May-19 736.85 -2% -1.76% 0%
Jun-19 731.95 -1% -0.67% 1%
Jul-19 794 8% 8.14% 10%
Aug-19 814.6 3% 2.56% 4%
Sep-19 820.1 1% 0.67% 2%
TOTAL
DIRECT FORMULA(L.R) var.s(Sample) 2.10% VARIENCE
var.p(Population) 2.06% S.D

for sample =n-1 and total log population is 56 but for samp
D^2 Closing Prices of TCS ACTUAL RETURN LOG RETURN Average return Deviation D^2
2481
0.73% 2675.3 8% 8% 0% 8% 0.61%
0.03% 2547.05 -5% -5% -5% 0.22%
1.32% 2466.65 -3% -3% -3% 0.09%
0.33% 2610.6 6% 6% 6% 0.35%
49.27% 2552.2 -2% -2% -2% 0.04%
1.15% 2510 -2% -2% -1% 0.02%
0.11% 2565.25 2% 2% 2% 0.06%
0.56% 2587.7 1% 1% 1% 0.01%
0.00% 2497.3 -3% -4% -3% 0.11%
0.07% 2365.25 -5% -5% -5% 0.27%
0.10% 2439.2 3% 3% 3% 0.11%
0.49% 2391.2 -2% -2% -2% 0.03%
0.30% 2181.9 -9% -9% -9% 0.79%
1.79% 2516.05 15% 14% 15% 2.10%
0.01% 2530.05 1% 1% 1% 0.01%
0.24% 2575.1 2% 2% 2% 0.04%
0.23% 2550.8 -1% -1% -1% 0.00%
0.48% 2618.55 3% 3% 3% 0.08%
0.03% 2512.55 -4% -4% -4% 0.15%
0.03% 2427.2 -3% -3% -3% 0.10%
0.03% 2394.6 -1% -1% -1% 0.01%
0.01% 2276.75 -5% -5% -5% 0.23%
0.28% 2361.95 4% 4% 4% 0.15%
0.45% 2229.9 -6% -6% -6% 0.30%
1.05% 2466.5 11% 10% 10% 1.07%
0.07% 2431.1 -1% -1% -1% 0.01%
0.77% 2272.1 -7% -7% -7% 0.42%
0.61% 2544.35 12% 11% 12% 1.34%
0.07% 2364.35 -7% -7% -7% 0.50%
0.90% 2494.05 5% 5% 6% 0.31%
0.68% 2496.75 0% 0% 0% 0.00%
0.00% 2437 -2% -2% -2% 0.05%
0.18% 2616.3 7% 7% 7% 0.54%
0.54% 2634.25 1% 1% 1% 0.01%
0.66% 2700.4 3% 2% 3% 0.07%
1.41% 3111.75 15% 14% 14% 2.08%
0.14% 3038.25 -2% -2% -2% 0.05%
0.03% 2849.3 -6% -6% -6% 0.38%
0.53% 3531.4 24% 21% 22% 4.72%
0.19% 1744.8 -51% -71% -70% 49.35%
0.58% 1847.2 6% 6% 6% 0.35%
0.37% 1941.25 5% 5% 5% 0.27%
0.50% 2078.2 7% 7% 7% 0.50%
 44.24% 2184.5 5% 5% 5% 0.27%
0.17% 1937.6 -11% -12% -12% 1.38%
0.01% 1970.6 2% 2% 2% 0.04%
0.01% 1893.55 -4% -4% -4% 0.14%
2.09% 2014.6 6% 6% 6% 0.42%
0.00% 1984.25 -2% -2% -1% 0.02%
0.08% 2000.4 1% 1% 1% 0.01%
0.08% 2254.95 13% 12% 12% 1.50%
0.00% 2196.85 -3% -3% -2% 0.06%
0.01% 2227.25 1% 1% 2% 0.03%
0.97% 2205.4 -1% -1% -1% 0.01%
0.18% 2258.05 2% 2% 3% 0.07%
0.06% 2153.95 -5% -5% -4% 0.20%
115.23% TOTAL 72%
2.10% VARIENCE 1%
14.47% S.D 11%

log population is 56 but for sample (n-1) therefore 1-56=55

Nifty
Date Closing Prices of Infosys Closing Prices of TCS NIFTY INDEX MATCH
01/01/2015 2142.75 2481 8284 1160
01/02/2015 2294.85 2675.3 #N/A #N/A
01/03/2015 2216.6 2547.05 #N/A #N/A
01/04/2015 1942.4 2466.65 8586.25 1098
01/05/2015 2022.4 2610.6 #N/A #N/A
01/06/2015 985.35 2552.2 8433.4 1059
01/07/2015 1078.05 2510 8453.05 1037
01/08/2015 1095.2 2565.25 #N/A #N/A
01/09/2015 1160.45 2587.7 7785.85 993
01/10/2015 1136.05 2497.3 7950.9 973
01/11/2015 1088.45 2365.25 #N/A #N/A
01/12/2015 1104.55 2439.2 7954.9 934
01/01/2016 1164.85 2391.2 7963.2 912
01/02/2016 1083.75 2181.9 7555.95 892
01/03/2016 1217.95 2516.05 7222.3 871
01/04/2016 1210.85 2530.05 7713.05 851
01/05/2016 1249.85 2575.1 #N/A #N/A
01/06/2016 1170.75 2550.8 8179.95 811
01/07/2016 1073.95 2618.55 8328.35 789
01/08/2016 1036.8 2512.55 8636.55 769
01/09/2016 1038.1 2427.2 8774.65 747
01/10/2016 1002.5 2394.6 #N/A #N/A
01/11/2016 975.45 2276.75 8626.25 708
01/12/2016 1010.7 2361.95 8192.9 687
01/01/2017 929.3 2229.9 #N/A #N/A
01/02/2017 1012.3 2466.5 8716.4 644
01/03/2017 1020.8 2431.1 8945.8 625
01/04/2017 919.4 2272.1 #N/A #N/A
01/05/2017 976.95 2544.35 #N/A #N/A
01/06/2017 935.65 2364.35 9616.1 563
01/07/2017 1011.3 2494.05 #N/A #N/A
01/08/2017 915.3 2496.75 10114.65 521
01/09/2017 898.75 2437 9974.4 500
01/10/2017 921.65 2616.3 #N/A #N/A
01/11/2017 974.95 2634.25 10440.5 459
01/12/2017 1039.3 2700.4 10121.8 437
01/01/2018 1150.65 3111.75 10435.55 417
01/02/2018 1174.25 3038.25 11016.9 395
01/03/2018 1134.4 2849.3 10458.35 376
01/04/2018 1199.4 3531.4 #N/A #N/A
01/05/2018 1231.9 1744.8 #N/A #N/A
01/06/2018 1306.75 1847.2 10696.2 314
01/07/2018 1365 1941.25 #N/A #N/A
01/08/2018 1440 2078.2 11346.2 271
01/09/2018 727.85 2184.5 #N/A #N/A
01/10/2018 686.25 1937.6 11008.3 232
01/11/2018 666.5 1970.6 10380.45 211
01/12/2018 659.85 1893.55 #N/A #N/A
01/01/2019 749.6 2014.6 10910.1 171
01/02/2019 733.95 1984.25 10893.65 148
01/03/2019 742.3 2000.4 10863.5 128
01/04/2019 749.95 2254.95 11669.15 109
01/05/2019 736.85 2196.85 #N/A #N/A
01/06/2019 731.95 2227.25 #N/A #N/A
01/07/2019 794 2205.4 11865.6 49
01/08/2019 814.6 2258.05 10980 27
01/09/2019 820.1 2153.95 #N/A #N/A

DIRECT FORMULA(L.R)