CAPM Regression : Wilshire5000 Relationship with Various Variables

The Correlation Matrix expressed the relationship between dependent variable and independent variable. There are nine companies that are used as a dependent variable in comparison with the Wilshire5000, which is used as an independent variable. In addition, the research concentrates on the analysis of the highest and the lowest correlation against the independent variable. Linear regression was later implemented to measure the strength between X variable (independent) and Y variable (dependent). The information from regression statistic is later use in CAPM regression to estimate the expected return. The study shown that Goldman Sach have the highest relationship against Wilshire5000 and Walmart have the lowest relationship against the benchmark variable (Wilshire5000)