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Lecture 6 - Portfolio Modelling in Excel

Total questions: 20

Worksheet time: 15mins

Name
Class
Date
1.

With………………, there is no linear relationship between the returns on the two securities.

a)

Correlation Coefficient.

b)

Positive correlation.

c)

zero correlation.

d)

Negative correlation.

2.

Perfectly ________ correlated series move exactly together and have a correlation coefficient of ________, while perfectly ________ correlated series move exactly in opposite directions and have a correlation coefficient of ________.

a)

negatively; -1; positively; +1

b)

negatively; +1; positively; -1

c)

positively; -1; negatively; +1

d)

positively; +1; negatively; -1

3.

E(ri) denotes:

a)

the expected return on asset i

b)

the expected return on asset r

c)

the expected return on asset E

d)

None of these

4.

Cov(ri, rj) denotes:

a)

the covariance of asset i’s and asset j’s variances

b)

the covariance of asset i’s and asset j’s standard deviations

c)

the covariance of asset i’s and asset j’s returns

d)

None of these

5.

what is the difference between Cov(ri, rj) and σij ?

a)

second is wrongly written

b)

both are same.

c)

both are same but different in calculation

d)

first is covariance and second is called variance

6.

What is the difference between sample and population ?

a)

The size of the sample is always less than the total size of the population

b)

The size of the population is always less than the total size of the sample

c)

both are the same.

d)

When calculating any statistic for sample, always use N-1

7.

Is there a significant difference between the sample standard deviation and population standard deviation?

a)

Yes, always.

b)

Mostly no.

c)

Not sure.

d)

What kind of question is that! how should I know???

8.

If you wish to calculate returns using Continuously Compounded Return, what Excel formula you should use?

a)

Simple division and subtraction, =/-

b)

Natural Logarithm, =ln

c)

Multiply Matrix, =mmult

d)

None of these

9.

If you wish to calculate the variance and standard deviation, should you use sample or population of the corresponding formulas in Excel?

a)

Population, because we are dealing with whole population

b)

Population, because both will result exactly the same

c)

Sample, because both will result exactly the same

d)

Sample, because we are generally having a sample of the population

10.

Which one of the following formulas is best to interpret about the relationship between two assets?

a)

= COVARIANCE.S

b)

= CORREL

c)

= COVAR

d)

= CORRELATION

11.

The covariance value is always between what numbers?

a)

-1 and +1

b)

0 and +1

c)

-1 and 0

d)

None of these

12.

How do you plot variable in a chart using Excel?

a)

Using line chart

b)

Using scatter chart

c)

Using pie chart

d)

Using combo chart

13.

How do you calculate the variance of portfolio using Excel? Select more than one.

a)

using the average of the two variances (=AVER) of the stocks.

b)

Using =VAR.S for the returns of portfolio

c)

Manually input the values using the formula for portfolio variance.

d)

A combination of =VAR.S and manual imputation of parameters in portfolio variance formula

14.

What is the easy way in Excel to calculate and plot Mean and SD of portfolio of two assets?

a)

Using Data Table, and then line chart

b)

Using Data Table, and then scatter plot

c)

Using =MMULT and then scatter plot

d)

Using =MMULT and then line chart

15.

A portfolio of risky assets given in a matrix X must follow a rule. What is that rule?

a)

The sum of all Xs should be zero.

b)

No X should have a zero value.

c)

No X should have a negative value.

d)

The sum of all Xs should be one.

16.

What are the diagonal values in a variance-covariance matrix?

a)

The standard deviation of each individual asset

b)

The standard deviation of each individual asset with another asset

c)

The variance of each individual asset

d)

The variance of each individual asset with another asset

17.

why do you need to transpose the vector for weights when calculating the portfolio variance in Excel? Do you always need to transpose?

a)

to ensure it follow the matrix transpose rule. We don't need to transpose always, it depends.

b)

to ensure it follow the matrix multiplication rule. We need to transpose always.

c)

to ensure it follow the matrix multiplication rule. We don't need to transpose always, it depends.

d)

to ensure it follow the matrix transpose rule. We need to transpose always.

18.

.................. is the portfolio that gives the highest expected return of all portfolios having the same variance

a)

envelope frontier

b)

envelope portfolio

c)

efficient portfolio

d)

efficient frontier

19.

Did you learn something new today?

a)

Yes. I learned so many new things today.

b)

Yes. I learned only a few things today.

c)

No. I already knew all these from the previous courses.

d)

What happened? I just woke up! Can you repeat what did you teach today?

20.

We completed Lecture 6, almost one-third of the semester is completed. Tell me anything you have in mind. Any question, comment, feedback about the course, lecture, assignment, tests, exam, level of difficulty, etc.

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