Stock Prices(YoY)

Date TCS Infosys Mindtree Oracle

2019 1896 660.95 864 3700.1
2018 1314.15 518.85 610 4100
2017 1183.3 505.55 522 3105
2016 1219.5 550 721.5 3732
2015 1283.5 492.24 649.5 3358
2014 1090.05 436.5 381.5 3297.55
2013 633.48 290.95 173.25 3299.8

Mean Weights Varia

TCS 22.87% 29% TCS
Infosys 16.08% 9% TCS 0.075
Mindtree 38.73% 14% Infosys 0.047
Oracle 3.07% 28% Mindtree 0.111
Tech Mahindra 26.26% 6% Oracle -0.008
Hexaware 29.28% 14% Tech Mahindra 0.065
Sum Of Weights 1.000 Hexaware 0.070
Portfolio Mean
Portfolio Variance

W_TCS 0.395 0.408 0.421 0.433

W_Infosys 0.000 0.000 0.000 0.000
W_Mindtree 0.468 0.406 0.344 0.282
W_Oracle 0.038 0.088 0.139 0.190
Tech Mahindra 0.100 0.098 0.096 0.095
Hexaware 0.000 0.000 0.000 0.000

Portfolio Variance 0.120 0.103 0.087 0.072

Portfolio SD 0.347 0.320 0.294 0.269
Portfolio Mean 0.197 0.206 0.215 0.224
 Retur
Tech Mahindra Hexaware TCS Infosys
715 333.85 44.28% 27.39%
501.1 340.65 11.06% 2.63%
494.5 208 -2.97% -8.08%
524.9 245.1 -4.99% 11.73%
647.25 200.25 17.75% 12.77%
461.25 132 72.07% 50.03%
233.04 85.2

Variance-Covariance Matrix
Infosys Mindtree Oracle Tech Mahindra Hexaware
0.047 0.111 -0.008 0.065 0.070
0.035 0.079 -0.003 0.040 0.044
0.079 0.221 0.002 0.125 0.141
-0.003 0.002 0.025 -0.016 -0.002
0.040 0.125 -0.016 0.250 0.135
0.044 0.141 -0.002 0.135 0.111
20.03%
4.67%

0.445 0.411 0.264 0.206 0.147

0.000 0.054 0.275 0.342 0.409
0.200 0.160 0.000 0.000 0.000
0.231 0.234 0.204 0.268 0.332
0.074 0.068 0.003 0.029 0.056
0.049 0.072 0.254 0.155 0.056

0.059 0.053 0.037 0.029 0.022

0.243 0.231 0.193 0.169 0.147
0.233 0.226 0.194 0.189 0.184
 Returns(YoY)
Mindtree Oracle Tech Mahindra Hexaware
41.64% -9.75% 42.69% -2.00%
16.86% 32.05% 1.33% 63.77%
-27.65% -16.80% -5.79% -15.14%
11.09% 11.14% -18.90% 22.40%
70.25% 1.83% 40.33% 51.70%
120.20% -0.07% 97.93% 54.93%

Correlation Matrix
TCS Infosys
TCS 1.00 0.93
Infosys 0.93 1.00
Mindtree 0.86 0.90
Oracle -0.19 -0.11
Tech Mahindra 0.96 0.88
Hexaware 0.29 0.32

0.045 0.000
0.497 0.455
0.000 0.000
0.393 0.503
0.065 0.042
0.000 0.000

0.016 0.013
0.128 0.115
0.172 0.184
Correlation Matrix
Mindtree Oracle Tech Mahindra Hexaware
0.86 -0.19 0.96 0.29
0.90 -0.11 0.88 0.32
1.00 0.03 0.92 0.60
0.03 1.00 -0.24 0.75
0.92 -0.24 1.00 0.36
0.60 0.75 0.36 1.00
 Stock Prices(YoY)
Date TCS Infosys Mindtree Oracle
2019 1896 660.95 864 3700.1
2018 1314.15 518.85 610 4100
2017 1183.3 505.55 522 3105
2016 1219.5 550 721.5 3732
2015 1283.5 492.24 649.5 3358
2014 1090.05 436.5 381.5 3297.55
2013 633.48 290.95 173.25 3299.8

Mean Weights Varia

TCS 22.87% 36% TCS
Infosys 16.08% 13% TCS 0.075
Mindtree 38.73% 10% Infosys 0.047
Oracle 3.07% 22% Mindtree 0.111
Tech Mahindra 26.26% 4% Oracle -0.008
Hexaware 29.28% 14% Tech Mahindra 0.065
Sum Of Weights 1 Hexaware 0.070
Portfolio Mean
Portfolio Variance

W_TCS 0.395 0.408 0.421 0.433

W_Infosys 0.000 0.000 0.000 0.000
W_Mindtree 0.468 0.406 0.344 0.282
W_Oracle 0.038 0.088 0.139 0.190
Tech Mahindra 0.100 0.098 0.096 0.095
Hexaware 0.000 0.000 0.000 0.000

Portfolio Variance 0.120 0.103 0.087 0.072

Portfolio SD 0.347 0.320 0.294 0.269
Portfolio Mean 0.203 0.213 0.222 0.232
 Retur
Tech Mahindra Hexaware TCS Infosys
715 333.85 44.28% 27.39%
501.1 340.65 11.06% 2.63%
494.5 208 -2.97% -8.08%
524.9 245.1 -4.99% 11.73%
647.25 200.25 17.75% 12.77%
461.25 132 72.07% 50.03%
233.04 85.2

Variance-Covariance Matrix
Infosys Mindtree Oracle Tech Mahindra Hexaware
0.047 0.111 -0.008 0.065 0.070
0.035 0.079 -0.003 0.040 0.044
0.079 0.221 0.002 0.125 0.141
-0.003 0.002 0.025 -0.016 -0.002
0.040 0.125 -0.016 0.250 0.135
0.044 0.141 -0.002 0.135 0.111
20.29%
4.76%

0.445 0.411 0.264 0.206 0.147

0.000 0.054 0.275 0.342 0.409
0.200 0.160 0.000 0.000 0.000
0.231 0.234 0.204 0.268 0.332
0.074 0.068 0.003 0.029 0.056
0.049 0.072 0.254 0.155 0.056

0.059 0.053 0.037 0.029 0.022

0.243 0.231 0.193 0.169 0.147
0.242 0.237 0.212 0.201 0.190
 Returns(YoY)
Mindtree Oracle Tech Mahindra Hexaware
41.64% -9.75% 42.69% -2.00%
16.86% 32.05% 1.33% 63.77%
-27.65% -16.80% -5.79% -15.14%
11.09% 11.14% -18.90% 22.40%
70.25% 1.83% 40.33% 51.70%
120.20% -0.07% 97.93% 54.93%

Correlation Matrix
TCS Infosys
TCS 1.00 0.93
Infosys 0.93 1.00
Mindtree 0.86 0.90
Oracle -0.19 -0.11
Tech Mahindra 0.96 0.88
Hexaware 0.29 0.32

0.045 0.000
0.497 0.455
0.000 0.000
0.393 0.503
0.065 0.042
0.000 0.000

0.016 0.013
0.128 0.115
0.171 0.173
Correlation Matrix
Mindtree Oracle Tech Mahindra Hexaware
0.86 -0.19 0.96 0.29
0.90 -0.11 0.88 0.32
1.00 0.03 0.92 0.60
0.03 1.00 -0.24 0.75
0.92 -0.24 1.00 0.36
0.60 0.75 0.36 1.00
L&T Infotech
1727
1116.55
675.05
666.6

TCS Tech Mahindra

INFOSYS 715
ORACLE 501.1
MINDTREE 494.5
HEXAWARE 524.9
TATA ELXI 647.25
461.25
Mphasis
Hexaware 233.04
Persistent
Zensar Tech
Vakrangee Ltd
Sonata
Birlasoft
Majesco
HCL Technologies Persistent
962 628

889 720
823 617.1
855.1 643.05
799.5 829
634.4 494.5

312.45 256.05