Finalaya – Correlation Metric

Following is the analysis of correlation of BSE Sensex, S&P CNX Nifty, INR/USD and Gold BeES

Currency and key equity benchmarks (Sensex and Nifty) were negatively co-related for 6 Month and YTD

timelines and demonstrated a low co-relation for 1 year. Gold BeEs was negatively co-related with

equity benchmarks with 6 months and revealed a low co-relation on YTD and 1 year timelines. Gold BeEs

and USD correlation was residing in different bands for different timelines.