Consider the following returns: Year End Stock X Realized...

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Finance

Consider the following returns:

Year End

Stock X

Realized Return

Stock Y Realized Return

Stock Z

Realized Return

2004

20.1%

-14.6%

0.2%

2005

72.7%

4.3%

-3.2%

2006

-5.7%

-58.1%

-27.0%

2007

56.9%

71.1%

27.9%

2008

6.7%

17.3%

-5.1%

2009

17.9%

0.9%

-11.3%

What is the covariance between Stock X's and Stock Y's returns?

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