21.3k views
2 votes
Jim Keys holds a $200,000 portfolio consisting of the following stocks:_______.

Stock Investment Beta
Alpha $50,000 0.50
Beta $50,000 0.80
Gamma $50,000 1.00
Delta $50,000 1.30
What is the portfolio's beta?

User Drumfire
by
5.9k points

1 Answer

2 votes

Answer:

0.9

Explanation:

For the computation of portfolio beta first we need to follow some steps which is shown below:-

Step 1

Total Portfolio value = Value of Alpha + Value of Beta + Value of Gamma + Value of Delta

= $50,000 + $50,000 + $50,000 + $50,000

= $200,000

Step 2

Weight of Alpha = Value of Alpha ÷ Total Portfolio Value

= $50,000 ÷ $200,000

= 0.25

Step 3

Weight of Beta = Value of Beta ÷ Total Portfolio Value

= $50,000 ÷ $200,000

= 0.25

Step 4

Weight of Gamma = Value of Gamma ÷ Total Portfolio Value

= $50,000 ÷ $200,000

= 0.25

Step 5

Weight of Delta = Value of Delta ÷ Total Portfolio Value

= $50,000 ÷ $200,000

= 0.25

and finally

Beta of Portfolio = Weight of Alpha × Beta of Alpha + Weight of Beta × Beta of Beta + Weight of Gamma × Beta of Gamma + Weight of Delta × Beta of Delta

= 0.5 × 0.25 + 0.8 × 0.25 + 1 × 0.25 + 1.3 × 0.25

= 0.9

User Virtua Creative
by
5.2k points