Page 336 - IMDR JOURNAL 2023-24

IMDR’s Journal of Management Development & Research 2023-24

 Variance: Measure of how far each value in the data set is from the mean.

 Correlation: Degree of relationship between the percentage changes of the
two indices.

(secondary source mathematical website)

Statistical Formulas:

11 YEARS NIFTY NASDAQ %

%CHANGE CHANGE
Mean -0.07248 0.0334

Median -0.05212 0.088656

Standard Deviation 0.870427 1.040024

VAR 0.757359 1.081244

Correlation 0.019518

(Primary Data)

The standard deviation helps us understand the variability in the data. By comparing the
standard deviations of both indices, we can determine which index experienced more

volatility over the analysed period.

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