{"id":25002,"date":"2022-06-01T07:36:52","date_gmt":"2022-06-01T07:36:52","guid":{"rendered":"https://www.5paisa.com/finschool/?post_type=markets\u0026#038;p=25002"},"modified":"2023-01-24T00:54:09","modified_gmt":"2023-01-23T19:24:09","slug":"risk-return-relationship","status":"publish","type":"markets","link":"https://www.5paisa.com/finschool/course/investment-analysis-course/risk-return-relationship/","title":{"rendered":"Learn About Measuring Risk \u0026#038; Return of Mutual Fund"},"content":{"rendered":"\u003cdiv data-elementor-type=\u0022wp-post\u0022 data-elementor-id=\u002225002\u0022 class=\u0022elementor elementor-25002\u0022\u003e\u003csection class=\u0022elementor-section elementor-top-section elementor-element elementor-element-825a2f1 elementor-section-full_width tab_container elementor-section-height-default elementor-section-height-default\u0022 data-id=\u0022825a2f1\u0022 data-element_type=\u0022section\u0022\u003e\u003cdiv class=\u0022elementor-container 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src=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/05/Risk-and-Return-Relationship.png\u0022 alt=\u0022Risk and Return Relationship\u0022 width=\u00222071\u0022 height=\u00221624\u0022 srcset=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/05/Risk-and-Return-Relationship.png 2071w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Relationship-300x235.png 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Relationship-1024x803.png 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Relationship-768x602.png 768w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Relationship-1536x1204.png 1536w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Relationship-2048x1606.png 2048w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Relationship-50x39.png 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Relationship-100x78.png 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Relationship-150x118.png 150w\u0022 sizes=\u0022(max-width: 2071px) 100vw, 2071px\u0022 /\u003e\u003c/p\u003e\u003cp\u003eOne of the most important principles in finance is that \u003cstrong\u003e\u003cb\u003erisk and return are linked\u003c/b\u003e\u003c/strong\u003e. Investors expect higher returns only when they take on higher risk. If markets are efficient, every asset should offer a return that matches the level of risk it carries.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eટ્રેડઑફની સમજૂતી\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eજોખમ\u003c/b\u003e\u003c/strong\u003e→ સંભાવના કે વાસ્તવિક રિટર્ન અપેક્ષિત રિટર્નથી અલગ હશે. આંકડાકીય રીતે, આ દ્વારા માપે છે \u003cstrong\u003e\u003cb\u003eસ્ટાન્ડર્ડ ડેવિએશન\u003c/b\u003e\u003c/strong\u003e.\u003c/li\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eરિટર્ન\u003c/b\u003e\u003c/strong\u003eરિસ્ક વહન કરવા માટે રોકાણકારોને → રિવૉર્ડ મળે છે.\u003c/li\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eસંબંધ\u003c/b\u003e\u003c/strong\u003e→. ઉચ્ચ અનિશ્ચિતતાનો અર્થ એ છે કે વધુ સંભવિત રિટર્ન, પરંતુ નુકસાનની વધુ સંભાવનાઓ.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eઆ સંતુલનને ઘણીવાર \u0022આરામ ઝોન પરીક્ષણ\u0022 તરીકે વર્ણવવામાં આવે છે કેટલાક રોકાણકારો ક્રિપ્ટોકરન્સી જેવી અસ્થિર સંપત્તિઓ સાથે આરામદાયક હોય છે, જ્યારે અન્ય લોકો સરકારી બોન્ડ્સની સ્થિરતા પસંદ કરે છે.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિસ્ક-રિટર્ન લેવલના ઉદાહરણો\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસંપત્તિનો પ્રકાર\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eજોખમનું સ્તર\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસામાન્ય રિટર્ન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઉદાહરણ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસરકારી જામીનગીરીઓ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eખૂબ ઓછું\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e6–7%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eભારતીય ટ્રેઝરી બિલ\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eકોર્પોરેટ બોન્ડ્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eમધ્યમ\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e8–10%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eટાટા મોટર્સ ડિબેન્ચર્સ\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eEquity Index Funds\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eઉચ્ચ\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e12-15 % (લાંબા ગાળાના સરેરાશ)\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eનિફ્ટી 50 ઇન્ડેક્સ ફંડ\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eક્રિપ્ટોકરન્સી\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eખૂબ જ ઊંચું\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eઅત્યંત અસ્થિર (-40 % થી + 200 %)\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eબિટકોઇન, ઇથેરિયમ\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઉદાહરણ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eSuppose the \u003cstrong\u003e\u003cb\u003eરિસ્ક-ફ્રી રેટ\u003c/b\u003e\u003c/strong\u003e (government bond yield) is 7%.\u003c/p\u003e\u003cul\u003e\u003cli\u003eAn index fund averages 13% over time. The \u003cstrong\u003e\u003cb\u003eરિસ્ક પ્રીમિયમ\u003c/b\u003e\u003c/strong\u003ehere is 6% (13% – 7%).\u003c/li\u003e\u003cli\u003eપરંતુ આ 13 % ની ગેરંટી નથી. એક વર્ષ તે -10 %, અન્ય વર્ષ + 25 % હોઈ શકે છે.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eઆ દર્શાવે છે કે ઉચ્ચ રિટર્ન શક્ય છે, પરંતુ તેઓ વધુ અસ્થિરતા સાથે આવે છે.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eમાર્કેટ લાઇન કલ્પના\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eFinance theory uses the \u003cstrong\u003e\u003cb\u003eSecurity Market Line (SML)\u003c/b\u003e\u003c/strong\u003e to show the relationship between risk and return.\u003c/p\u003e\u003cul\u003e\u003cli\u003eલાઇનની ઢોળાવ દર્શાવે છે \u003cstrong\u003e\u003cb\u003eજોખમના યુનિટ દીઠ રિટર્ન\u003c/b\u003e\u003c/strong\u003e.\u003c/li\u003e\u003cli\u003eએક સ્ટીપ સ્લોપ સૂચવે છે કે રોકાણકારો ખૂબ જ જોખમી છે (તેઓ રિસ્ક લેવા માટે વધુ વળતરની માંગ કરે છે).\u003c/li\u003e\u003cli\u003eએક ચપટા ઢોળાવ સૂચવે છે કે રોકાણકારો ઓછા વળતર માટે રિસ્ક સ્વીકારવા માટે વધુ તૈયાર છે.\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv id=\u0027text_slider_slide02\u0027 class=\u0027sa_hover_container\u0027 data-hash=\u0027Portfolio and Security Returns\u0027 style=\u0027padding:4.9% 5%; margin:0px 0%; background-color:rgb(255, 255, 255); min-height:400px; \u0027\u003e\u003ch3 style=\u0022text-align: left\u0022\u003e\u003cstrong\u003e5.2 પોર્ટફોલિયો અને સિક્યોરિટી રિટર્ન\u003c/strong\u003e\u003c/h3\u003e\u003cp\u003e\u003cimg decoding=\u0022async\u0022 class=\u0022aligncenter wp-image-77229 size-full\u0022 src=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/05/Portfolio-and-Security-Returns.png\u0022 alt=\u0022Portfolio and Security Returns\u0022 width=\u00221915\u0022 height=\u00221838\u0022 srcset=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/05/Portfolio-and-Security-Returns.png 1915w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Portfolio-and-Security-Returns-300x288.png 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Portfolio-and-Security-Returns-1024x983.png 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Portfolio-and-Security-Returns-768x737.png 768w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Portfolio-and-Security-Returns-1536x1474.png 1536w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Portfolio-and-Security-Returns-50x48.png 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Portfolio-and-Security-Returns-100x96.png 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Portfolio-and-Security-Returns-150x144.png 150w\u0022 sizes=\u0022(max-width: 1915px) 100vw, 1915px\u0022 /\u003e\u003c/p\u003e\u003cp\u003eA \u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો\u003c/b\u003e\u003c/strong\u003e માત્ર સિક્યોરિટીઝનો કલેક્શન છે. રોકાણકારો ભાગ્યે જ તેમના બધા પૈસા એક જ સ્ટૉક અથવા બોન્ડમાં મૂકે છે; તેના બદલે, તેઓ બહુવિધ સંપત્તિઓમાં રોકાણ કરે છે. આ વૈવિધ્યકરણ રિસ્ક અને વળતરને સંતુલિત કરવામાં મદદ કરે છે. પોર્ટફોલિયોનું અપેક્ષિત રિટર્ન આના પર આધારિત છે:\u003c/p\u003e\u003col\u003e\u003cli\u003eદરેક સિક્યોરિટીનું અપેક્ષિત રિટર્ન.\u003c/li\u003e\u003cli\u003eદરેક સિક્યોરિટીમાં ઇન્વેસ્ટ કરેલ ફંડનું પ્રમાણ.\u003c/li\u003e\u003c/ol\u003e\u003cp\u003eઆમ, પોર્ટફોલિયો રિટર્ન આવશ્યકપણે તેની વ્યક્તિગત સિક્યોરિટીઝના રિટર્નની ભારિત સરેરાશ છે.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઉદાહરણ પોર્ટફોલિયો - લેટેસ્ટ સંદર્ભ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eધારો કે ઇન્વેસ્ટર પાસે પાંચ કંપનીઓમાં શેર છે:\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસુરક્ષા\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eશેરની સંખ્યા\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્તમાન કિંમત\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્તમાન મૂલ્ય\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઅપેક્ષિત કિંમત\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઅપેક્ષિત મૂલ્ય\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઇન્ફોસિસ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e50\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹1,500\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹75,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹1,650\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹82,500\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e40\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹2,800\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹1,12,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹3,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹1,20,000\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eHDFC બેંક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e60\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹1,600\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹96,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹1,750\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹1,05,000\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eટાટા મોટર્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e100\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹900\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹90,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹1,050\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹1,05,000\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eITC\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e80\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹450\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹36,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹500\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹40,000\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eકુલ વર્તમાન મૂલ્ય = ₹4,09,000\u003c/b\u003e\u003c/strong\u003e\u003cstrong\u003e\u003cb\u003eકુલ અપેક્ષિત મૂલ્ય = ₹4,52,500\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eમૂલ્ય સંબંધિત યોગદાન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસુરક્ષા\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્તમાન મૂલ્ય\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયોનું વજન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્તમાન કિંમત\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઅપેક્ષિત કિંમત\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવેલ્યૂ સંબંધી\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eયોગદાન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઇન્ફોસિસ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹75,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.183\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,500\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,650\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.10\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.201\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹1,12,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.274\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2,800\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e3,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.07\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.293\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eHDFC બેંક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹96,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.235\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,600\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,750\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.09\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.256\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eટાટા મોટર્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹90,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.220\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e900\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,050\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.17\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.257\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eITC\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e₹36,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.088\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e450\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e500\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.11\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.098\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો વેલ્યૂ સંબંધિત = 1.105 (≈ 10.5% વૃદ્ધિ)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eહોલ્ડિંગ-સમયગાળાનું રિટર્ન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસુરક્ષા\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયોનું વજન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઅપેક્ષિત રિટર્ન (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eયોગદાન (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઇન્ફોસિસ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.183\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e10\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.83\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.274\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e7\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.92\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eHDFC બેંક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.235\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e9\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2.12\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eટાટા મોટર્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.220\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e17\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e3.74\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eITC\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.088\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e11\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.97\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો અપેક્ષિત રિટર્ન = 10.58%\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઆંતરદૃષ્ટિઓ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003eપોર્ટફોલિયોનું રિટર્ન વ્યક્તિગત રિટર્નનું ભારિત સરેરાશ છે.\u003c/li\u003e\u003cli\u003eઉચ્ચ પોર્ટફોલિયો વજન (જેમ કે રિલાયન્સ અને HDFC બેંક) ધરાવતી સિક્યોરિટીઝ એકંદર રિટર્નમાં વધુ યોગદાન આપે છે.\u003c/li\u003e\u003cli\u003eજો કોઈ ઇન્વેસ્ટર સૌથી વધુ શક્ય રિટર્ન મેળવવા માંગતા હોય, તો તેઓ માત્ર Tata મોટર્સ (17%) માં ઇન્વેસ્ટ કરી શકે છે. પરંતુ આનાથી તેમને કેન્દ્રિત જોખમનો સામનો કરવો પડશે.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eવૈવિધ્યકરણ બહુવિધ સિક્યોરિટીઝમાં જોખમ ફેલાવે છે, અસ્થિરતાને ઘટાડે છે, જ્યારે હજુ પણ વાજબી અપેક્ષિત રિટર્ન પ્રદાન કરે છે.\u003c/p\u003e\u003c/div\u003e\u003cdiv id=\u0027text_slider_slide03\u0027 class=\u0027sa_hover_container\u0027 data-hash=\u0027Risk and Return Calculation\u0027 style=\u0027padding:4.9% 5%; margin:0px 0%; background-color:rgb(255, 255, 255); min-height:400px; \u0027\u003e\u003ch3 style=\u0022text-align: left\u0022\u003e\u003cstrong\u003e5.3. રિસ્ક અને રિટર્નની ગણતરી\u003cspan style=\u0022color: #f1566d\u0022\u003e\u003cbr /\u003e\u003c/span\u003e\u003c/strong\u003e\u003c/h3\u003e\u003cp\u003e\u003cimg decoding=\u0022async\u0022 class=\u0022aligncenter wp-image-77230 size-full\u0022 src=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/05/Risk-and-Return-Calculations.png\u0022 alt=\u0022Risk and Return Calculations\u0022 width=\u00221804\u0022 height=\u00222538\u0022 srcset=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/05/Risk-and-Return-Calculations.png 1804w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Calculations-213x300.png 213w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Calculations-728x1024.png 728w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Calculations-768x1080.png 768w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Calculations-1092x1536.png 1092w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Calculations-1456x2048.png 1456w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Calculations-36x50.png 36w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Calculations-71x100.png 71w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Risk-and-Return-Calculations-150x211.png 150w\u0022 sizes=\u0022(max-width: 1804px) 100vw, 1804px\u0022 /\u003e\u003c/p\u003e\u003cp\u003eએક જ સિક્યોરિટી માટે રિસ્ક અને રિટર્નની ગણતરી કેવી રીતે કરવામાં આવે છે તે સમજવા માટે, ચાલો 5-વર્ષના સમયગાળામાં Infosys લિમિટેડના કેસ લઈએ. વાર્ષિક વળતરની ગણતરી કરવા માટે અમે મૂડી લાભ (ભાવમાં ફેરફારો) અને ડિવિડન્ડ (ઇન્કમ) બંને પર વિચાર કરીશું.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઇન્ફોસિસ શેર ડેટા\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્ષ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસરેરાશ બજાર કિંમત (₹)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eશેર દીઠ ડિવિડન્ડ (₹)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2018\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e25\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2019\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,100\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e30\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2020\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e950\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e20\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2021\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,200\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e35\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2022\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,350\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e40\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપગલું 1: વાર્ષિક રિટર્ન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્ષ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસરેરાશ કિંમત (₹)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eમૂડી લાભ (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eડિવિડન્ડ (₹)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eડિવિડન્ડ ઉપજ (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિટર્નનો રેટ (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2018\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,000\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e–\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e25\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2.50\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e–\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2019\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,100\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e10.00\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e30\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2.73\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e12.73\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2020\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e950\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-13.64\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e20\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2.11\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-11.53\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2021\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,200\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e26.32\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e35\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2.92\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e29.24\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2022\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1,350\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e12.50\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e40\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e3.33\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e15.83\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસરેરાશ રિટર્ન = (12.73 11.53 + 29.24 + 15.83) / 4 = 11.57%\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપગલું 2: રિસ્ક (સ્ટાન્ડર્ડ ડેવિએશન)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eઅમે હવે વેરિએબિલિટીને માપવા માટે દરેક વર્ષના રિટર્નને સંભાવનાઓ સોંપીએ છીએ.\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્ષ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિટર્નનો રેટ (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસંભાવના\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસરેરાશમાંથી વિચલન (11.57 %)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e(Deviation² × Probability)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2019\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e12.73\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.25\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.16\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.336\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2020\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-11.53\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.20\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-23.10\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e106.632\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2021\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e29.24\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.30\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e17.67\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e93.600\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2022\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e15.83\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.25\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e4.26\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e4.536\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવિવિધતા = 205.104\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઅર્થઘટન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eસરેરાશ રિટર્ન = 11.57 %\u003c/b\u003e\u003c/strong\u003e→ ઇન્ફોસિસએ મધ્યમ લાંબા ગાળાનું રિટર્ન ડિલિવર કર્યું.\u003c/li\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eસ્ટાન્ડર્ડ ડેવિએશન = 14.32 %\u003c/b\u003e\u003c/strong\u003e→ રિટર્ન અસ્થિર છે, જે નોંધપાત્ર ઉતાર-ચઢાવ દર્શાવે છે.\u003c/li\u003e\u003cli\u003e2020 માં નકારાત્મક વળતર ઇક્વિટી રોકાણના જોખમને હાઇલાઇટ કરે છે, જ્યારે 2021 ઉચ્ચ લાભની સંભાવના દર્શાવે છે.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eતુલનાત્મક ઉદાહરણ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસુરક્ષા\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસરેરાશ રિટર્ન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસ્ટાન્ડર્ડ ડેવિએશન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eજોખમનું સ્તર\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઇન્ફોસિસ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e11.57%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e14.32%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eઉચ્ચ\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eHDFC બેંક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e9.20%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e8.50%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eમધ્યમ\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસરકારી બોન્ડ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e6.00%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.50%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003eખૂબ ઓછું\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/div\u003e\u003cdiv id=\u0027text_slider_slide04\u0027 class=\u0027sa_hover_container\u0027 data-hash=\u0027Return calculation of Portfolio ( Two Assets)\u0027 style=\u0027padding:4.9% 5%; margin:0px 0%; background-color:rgb(255, 255, 255); min-height:400px; \u0027\u003e\u003ch3 style=\u0022text-align: left\u0022\u003e\u003cstrong\u003e5.4. પોર્ટફોલિયોની રિટર્ન ગણતરી (બે સંપત્તિઓ)\u003c/strong\u003e\u003c/h3\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u003cimg loading=\u0022lazy\u0022 decoding=\u0022async\u0022 class=\u0022aligncenter wp-image-77231 size-full\u0022 src=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio.png\u0022 alt=\u0022Return Calculation of Portfolio\u0022 width=\u00221746\u0022 height=\u00221512\u0022 srcset=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio.png 1746w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-300x260.png 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-1024x887.png 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-768x665.png 768w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-1536x1330.png 1536w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-50x43.png 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-100x87.png 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-150x130.png 150w\u0022 sizes=\u0022(max-width: 1746px) 100vw, 1746px\u0022 /\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો રિટર્નની ગણતરી - બે અથવા વધુ સંપત્તિઓ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eWhen an investor holds multiple securities, the \u003cstrong\u003e\u003cb\u003eportfolio’s expected return\u003c/b\u003e\u003c/strong\u003e is simply the \u003cstrong\u003e\u003cb\u003eweighted average\u003c/b\u003e\u003c/strong\u003e of the returns of the individual securities. The weight of each security is based on the proportion of funds invested in it.\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003eજ્યાં:\u003c/p\u003e\u003cul\u003e\u003cli\u003e= અપેક્ષિત પોર્ટફોલિયો રિટર્ન\u003c/li\u003e\u003cli\u003e= દરેક સિક્યોરિટીમાં રોકાણનું પ્રમાણ\u003c/li\u003e\u003cli\u003e= દરેક સિક્યોરિટીનું અપેક્ષિત રિટર્ન\u003c/li\u003e\u003cli\u003eવજનની રકમ = 1\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઉદાહરણ પોર્ટફોલિયો - લેટેસ્ટ સંદર્ભ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eધારો કે શ્રી અર્જુન નીચેની ફાળવણી અને અપેક્ષિત રિટર્ન સાથે છ કંપનીઓમાં રોકાણ કરે છે:\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસુરક્ષા\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરોકાણનું પ્રમાણ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઅપેક્ષિત રિટર્ન (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઇન્ફોસિસ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e20%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e14%\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સ ઇન્ડસ્ટ્રીસ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e25%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e16%\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eHDFC બેંક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e15%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e10%\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eટાટા મોટર્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e10%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e18%\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eITC\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e20%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e12%\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઅદાણી એન્ટરપ્રાઇઝિસ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e10%\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e20%\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપગલું 1 : વેટેડ એવરેજ રિટર્ન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003eતેથી, \u003cstrong\u003e\u003cb\u003eઅપેક્ષિત પોર્ટફોલિયો રિટર્ન = 14.5%\u003c/b\u003e\u003c/strong\u003e.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપગલું 2: દરેક સુરક્ષાનું યોગદાન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eસુરક્ષા\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવજન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિટર્ન (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eયોગદાન (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઇન્ફોસિસ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.20\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e14\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2.8\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.25\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e16\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e4.0\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eHDFC બેંક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.15\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e10\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.5\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eટાટા મોટર્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.10\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e18\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.8\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eITC\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.20\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e12\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2.4\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઅદાણી એન્ટરપ્રાઇઝિસ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0.10\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e20\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2.0\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.00\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e–\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e14.5\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઆંતરદૃષ્ટિઓ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003eThe portfolio return is \u003cstrong\u003e\u003cb\u003enot dominated by one stock\u003c/b\u003e\u003c/strong\u003e; it is the weighted sum of all.\u003c/li\u003e\u003cli\u003eરિલાયન્સ તેના ઉચ્ચ વજન અને યોગ્ય વળતરને કારણે સૌથી વધુ (4 %) ફાળો આપે છે.\u003c/li\u003e\u003cli\u003eઅદાણી એન્ટરપ્રાઇઝિસમાં સૌથી વધુ વ્યક્તિગત રિટર્ન (20 %) છે, પરંતુ માત્ર 10 % રોકાણ કરવામાં આવ્યું હોવાથી, તેનું યોગદાન 2 % સુધી મર્યાદિત છે.\u003c/li\u003e\u003cli\u003eવૈવિધ્યકરણ સુનિશ્ચિત કરે છે કે જો એક સ્ટૉક અન્ડરપરફોર્મ કરે તો પણ પોર્ટફોલિયો રિટર્ન સંતુલિત રહે.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો રિસ્ક અને રિટર્ન - બે સિક્યોરિટીઝ (નવું ઉદાહરણ)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eWhen analyzing a portfolio of two securities, we must consider not only the \u003cstrong\u003e\u003cb\u003eindividual risks\u003c/b\u003e\u003c/strong\u003e (variance or standard deviation of returns) but also the \u003cstrong\u003e\u003cb\u003erelationship between the securities\u003c/b\u003e\u003c/strong\u003e. This relationship is captured through \u003cstrong\u003e\u003cb\u003eકોવેરિયન્સ\u003c/b\u003e\u003c/strong\u003e અને \u003cstrong\u003e\u003cb\u003eસંબંધ ગુણાંક\u003c/b\u003e\u003c/strong\u003e.\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eકોવેરિયન્સ (કોવાબ)\u003c/b\u003e\u003c/strong\u003eબે સિક્યોરિટીઝ કેવી રીતે એકસાથે ચાલે છે તે માપે છે.\u003c/li\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eકોરિલેશન (ρAB)\u003c/b\u003e\u003c/strong\u003e1 અને +1 વચ્ચેની રેન્જ સંબંધની શક્તિ અને દિશા દર્શાવે છે.\u003c/li\u003e\u003cli\u003eજ્યારે સિક્યોરિટીઝ સંપૂર્ણપણે સહસંબંધિત ન હોય ત્યારે પોર્ટફોલિયોનું રિસ્ક ઘટાડવામાં આવે છે.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઉદાહરણ : રિલાયન્સ ઇન્ડસ્ટ્રીઝ અને એચડીએફસી બેંક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિટર્ન ડેટા (5 વર્ષ)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્ષ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સ રિટર્ન (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eHDFC બેંક રિટર્ન (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2018\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e12\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e8\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2019\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e15\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e10\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2020\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-5\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-2\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2021\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e20\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e14\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2022\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e18\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e12\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપગલું 1: સરેરાશ રિટર્ન અને સ્ટાન્ડર્ડ ડેવિએશન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003eસરેરાશ રિટર્ન = (12 + 15 - 5 + 20 + 18) / 5 = \u003cstrong\u003e\u003cb\u003e12%\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003cli\u003eVariance = [(0² + 3² + (–17)² + 8² + 6²)] / 5 = 338 / 5 = 67.6\u003c/li\u003e\u003cli\u003eસ્ટાન્ડર્ડ ડેવિએશન = √ 67.6 = 8. \u003cstrong\u003e\u003cb\u003e22%\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eHDFC બેંક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003eસરેરાશ રિટર્ન = (8 + 10 - 2 + 14 + 12) / 5 = 8.\u003cstrong\u003e\u003cb\u003e4%\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003cli\u003eતફાવત = [(-0.4² + 1.6² + (–10.4)² + 5.6² + 3.6²)] / 5 = 146 / 5 = 29.2\u003c/li\u003e\u003cli\u003eસ્ટાન્ડર્ડ ડેવિએશન = √ 29.2 = 5.\u003cstrong\u003e\u003cb\u003e40%\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપગલું 2: સહસંબંધ અને સહસંબંધ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્ષ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સ વિચલન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eHDFC ડેવિએશન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપ્રૉડક્ટ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2018\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-0.4\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2019\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e3\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e1.6\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e4.8\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2020\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-17\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-10.4\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e176.8\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2021\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e8\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e5.6\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e44.8\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2022\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e6\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e3.6\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e21.6\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cul\u003e\u003cli\u003eCovariance = (248 / 5) = \u003cstrong\u003e49\u003c/strong\u003e.\u003cstrong\u003e\u003cb\u003e6\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003cli\u003eCorrelation (ρAB) = CovAB / (σA × σB) = 49.6 / (8.22 × 5.40) =\u003cstrong\u003e0.11\u003c/strong\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eInterpretation: Reliance and HDFC Bank have a \u003cstrong\u003e\u003cb\u003elow positive correlation\u003c/b\u003e\u003c/strong\u003e, meaning they don’t move exactly together. This allows diversification benefits.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપગલું 3: પોર્ટફોલિયો રિટર્ન અને રિસ્ક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eધારો કે પોર્ટફોલિયોનું વજન:\u003c/p\u003e\u003cul\u003e\u003cli\u003eરિલાયન્સ = 60 %\u003c/li\u003e\u003cli\u003eHDFC બેંક = 40 %\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો રિટર્ન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eR\u003csub\u003ep \u003c/sub\u003e=(0.60 *12)+(0.40*8.4)=7.2+3.36 =10.56%\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો રિસ્ક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp data-path-to-node=\u00227,0,0\u0022\u003eσ²ₚ = (0.60² × 8.22²) + (0.40² × 5.40²) + (2 × 0.60 × 0.40 × 8.22 × 5.40 × 0.11)\u003c/p\u003e\u003cp data-path-to-node=\u00227,1,0\u0022\u003eσ²ₚ = (0.36 × 67.6) + (0.16 × 29.2) + (2 × 0.24 × 44.2 × 0.11)\u003c/p\u003e\u003cp data-path-to-node=\u00227,2,0\u0022\u003eσ²ₚ = 24.34 + 4.67 + 2.33 = 31.34\u003c/p\u003e\u003cp data-path-to-node=\u00227,3,0\u0022\u003eσₚ = √31.34 5.60%\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઆંતરદૃષ્ટિઓ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003eReliance alone has a risk of 8.\u003cstrong\u003e\u003cb\u003e22%\u003c/b\u003e\u003c/strong\u003e, HDFC Bank alone has \u003cstrong\u003e\u003cb\u003e5.40%\u003c/b\u003e\u003c/strong\u003e.\u003c/li\u003e\u003cli\u003eThe combined portfolio risk is 5.\u003cstrong\u003e\u003cb\u003e60%\u003c/b\u003e\u003c/strong\u003e, lower than Reliance’s individual risk.\u003c/li\u003e\u003cli\u003eવૈવિધ્યકરણ રિસ્ક ઘટાડે છે કારણ કે બે સિક્યોરિટીઝ સંપૂર્ણપણે સહસંબંધિત નથી.\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv id=\u0027text_slider_slide05\u0027 class=\u0027sa_hover_container\u0027 data-hash=\u0027Risk calculation of Portfolio ( Two Assets)\u0027 style=\u0027padding:4.9% 5%; margin:0px 0%; background-color:rgb(255, 255, 255); min-height:400px; \u0027\u003e\u003ch3 style=\u0022text-align: left\u0022\u003e\u003cstrong\u003e5.5. પોર્ટફોલિયોની રિટર્ન ગણતરી (બે સંપત્તિઓ)\u003c/strong\u003e\u003c/h3\u003e\u003cp\u003e\u003cimg loading=\u0022lazy\u0022 decoding=\u0022async\u0022 class=\u0022aligncenter wp-image-77232 size-full\u0022 src=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-Part-2.png\u0022 alt=\u0022Return Calculation of Portfolio\u0022 width=\u00221800\u0022 height=\u00221548\u0022 srcset=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-Part-2.png 1800w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-Part-2-300x258.png 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-Part-2-1024x881.png 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-Part-2-768x660.png 768w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-Part-2-1536x1321.png 1536w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-Part-2-50x43.png 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-Part-2-100x86.png 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/05/Return-Calculation-of-Portfolio-Part-2-150x129.png 150w\u0022 sizes=\u0022(max-width: 1800px) 100vw, 1800px\u0022 /\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો જોખમને સમજવું\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eIndividual Security Risk\u003c/b\u003e\u003c/strong\u003e: Measured by the \u003cstrong\u003e\u003cb\u003evariance\u003c/b\u003e\u003c/strong\u003eઅથવા \u003cstrong\u003e\u003cb\u003eસ્ટાન્ડર્ડ ડેવિએશન\u003c/b\u003e\u003c/strong\u003e of its returns.\u003c/li\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો રિસ્ક\u003c/b\u003e\u003c/strong\u003e: Not just a weighted average of individual risks. It depends on how securities move together, captured by \u003cstrong\u003e\u003cb\u003eકોવેરિયન્સ\u003c/b\u003e\u003c/strong\u003eઅને \u003cstrong\u003e\u003cb\u003eસંબંધ\u003c/b\u003e\u003c/strong\u003e.\u003c/li\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eકોવેરિયન્સ\u003c/b\u003e\u003c/strong\u003e: દર્શાવે છે કે બે સિક્યોરિટીઝનું રિટર્ન એક જ દિશામાં ચાલે છે કે નહીં.\u003c/li\u003e\u003cli\u003e\u003cb\u003e\u003c/b\u003e\u003cstrong\u003e\u003cb\u003eકોરિલેશન (રૈબ)\u003c/b\u003e\u003c/strong\u003e: કો-મૂવમેન્ટનું પ્રમાણભૂત માપ, -1 થી + 1 સુધી.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003eઅર્થઘટન:\u003c/p\u003e\u003cul\u003e\u003cli\u003erAB = 1 → કોઈ ડાઇવર્સિફિકેશનનો લાભ નથી.\u003c/li\u003e\u003cli\u003erAB = -1 → પરફેક્ટ ડાઇવર્સિફિકેશન (અનસિસ્ટમેટિક રિસ્ક દૂર કરવામાં આવ્યું).\u003c/li\u003e\u003cli\u003erAB = 0 → રિટર્ન વચ્ચે કોઈ સંબંધ નથી.\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eઉદાહરણ: રિલાયન્સ ઇન્ડસ્ટ્રીઝ અને આઈસીઆઈસીઆઈ બેંક રિટર્ન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્ષ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સ (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eICICI બેંક (%)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2017\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e14\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e9\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2018\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-2\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e6\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2019\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e8\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e11\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2020\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e18\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e13\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2021\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e22\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e17\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સનું મીન અને સ્ટાન્ડર્ડ વિચલન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્ષ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિટર્ન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eડેવિએશન (રિટર્ન - મીન)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e(Deviation)^2\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2017\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e14\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2018\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-2\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-16\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e256\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2019\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e8\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-6\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e36\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2020\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e18\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e4\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e16\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2021\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e22\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e8\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e64\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cul\u003e\u003cli\u003eસરેરાશ રિટર્ન = (14 - 2 + 8 + 18 + 22) / 5 = \u003cstrong\u003e\u003cb\u003e12%\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003cli\u003eવિવિધતા = (0 + 256 + 36 + 16 + 64) / 5 = 7\u003cstrong\u003e\u003cb\u003e4.4\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003cli\u003eસ્ટાન્ડર્ડ ડેવિએશન = √ 74.4 = 8.\u003cstrong\u003e\u003cb\u003e62%\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eICICI બેંકનું મીન અને સ્ટાન્ડર્ડ ડેવિએશન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્ષ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિટર્ન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eડેવિએશન (રિટર્ન - મીન)\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e(Deviation)^2\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2017\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e9\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-2\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e4\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2018\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e6\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-5\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e25\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2019\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e11\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2020\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e13\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e4\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2021\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e17\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e6\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e36\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cul\u003e\u003cli\u003eસરેરાશ રિટર્ન = (9 + 6 + 11 + 13 + 17) / 5 = 11. \u003cstrong\u003e\u003cb\u003e2%\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003cli\u003eવિવિધતા = (4 + 25 + 0 + 4 + 36) / 5 = 13.\u003cstrong\u003e\u003cb\u003e8\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003cli\u003eસ્ટાન્ડર્ડ ડેવિએશન = √ 13.8 = 3.\u003cstrong\u003e\u003cb\u003e71%\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eકોવેરિયન્સ અને કોરિલેશન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eવર્ષ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eરિલાયન્સ વિચલન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eICICI ડેવિએશન\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપ્રૉડક્ટ\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2017\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-2\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2018\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-16\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-5\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e80\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2019\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e-6\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2020\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e4\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e2\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e8\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003e2021\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e8\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e6\u003c/p\u003e\u003c/td\u003e\u003ctd\u003e\u003cp\u003e48\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cul\u003e\u003cli\u003eકોવેરિયન્સ = (0 + 80 + 0 + 8 + 48) / 5 = \u003cstrong\u003e\u003cb\u003e27.2\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003cli\u003eસહસંબંધ = CovAB / (σA × σB) = 27.2 / (8.62 × 3.71) = 0.\u003cstrong\u003e\u003cb\u003e85\u003c/b\u003e\u003c/strong\u003e\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો રિટર્ન અને રિસ્ક\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eવજન:\u003c/p\u003e\u003cul\u003e\u003cli\u003eરિલાયન્સ = 60 %\u003c/li\u003e\u003cli\u003eઆઈસીઆઈસીઆઈ બેંક = 40 %\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો રિટર્ન (Rp):\u003c/b\u003e\u003c/strong\u003e = (0.60 × 12) + (0.40 × 11.2) = \u003cstrong\u003e\u003cb\u003e11.68%\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cb\u003eપોર્ટફોલિયો રિસ્ક (σp):\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eσ²ₚ = (w²ₐσ²ₐ) + (w²ᵦσ²ᵦ) + (2wₐwᵦₐᵦrₐᵦ)\u003c/p\u003e\u003cp\u003e= (0.36 × 74.4) + (0.16 × 13.8) + (2 × 0.60 × 0.40 × 8.62 × 3.71 × 0.85) = 26.78 + 2.21 + 26.25 = \u003cstrong\u003e\u003cb\u003e55.24\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eσp = √ 55.24 = \u003cstrong\u003e\u003cb\u003e7.43%\u003c/b\u003e\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cscript type=\u0027text/javascript\u0027\u003ejQuery(document).ready(function()  {jQuery(\u0027#text_slider\u0027).owlCarousel({items  :  1,smartSpeed  :  400,autoplay  :  false,autoplayHoverPause  :  false,smartSpeed  :  400,fluidSpeed  :  400,autoplaySpeed  :  400,navSpeed  :  400,dotsSpeed  :  400,dotsEach  :  1,loop  :  false,nav  :  true,navText  :  [\u0027Previous\u0027,\u0027Next\u0027],dots  :  true,responsiveRefreshRate  :  200,slideBy  :  1,mergeFit  :  true,autoHeight  :  true,mouseDrag  :  false,touchDrag  :  true});jQuery(\u0027#text_slider\u0027).css(\u0027visibility\u0027, 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data-title-link=\u0022videos-tab\u0022\u003e\u003cp\u003e\u003cimg loading=\u0022lazy\u0022 decoding=\u0022async\u0022 class=\u0022aligncenter wp-image-11528 size-full\u0022 src=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2021/10/coming-soon-person-g8026473a8_1920-removebg-preview.png\u0022 alt=\u0022\u0022 width=\u0022612\u0022 height=\u0022408\u0022 srcset=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2021/10/coming-soon-person-g8026473a8_1920-removebg-preview.png 612w, https:/www.5paisa.com/finschool/wp-content/uploads/2021/10/coming-soon-person-g8026473a8_1920-removebg-preview-300x200.png 300w\u0022 sizes=\u0022(max-width: 612px) 100vw, 612px\u0022 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વાંચો\u003c/a\u003e\u003c/p\u003e","protected":false},"author":1,"featured_media":0,"parent":16695,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"class_list":["post-25002","markets","type-markets","status-publish","format-standard","hentry"],"acf":[],"_links":{"self":[{"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/markets/25002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/markets"}],"about":[{"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/types/markets"}],"author":[{"embeddable":true,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/users/1"}],"replies":[{"embeddable":true,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/comments?post=25002"}],"version-history":[{"count":9,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/markets/25002/revisions"}],"predecessor-version":[{"id":38463,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/markets/25002/revisions/38463"}],"up":[{"embeddable":true,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/markets/16695"}],"wp:attachment":[{"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/media?parent=25002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/categories?post=25002"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}