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Need to calculate systematic skewness

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    Lightbulb Need to calculate systematic skewness

    Hello

    I need to write a formula for my data, but I'm not sure the way I write is the best.

    I have two columns of data, let's say in column A and B, which are monthly returns of stock A (Ri) and market (Rm) respectively.

    I need to calculate a value similar to covariance but not exactly that.

    that is:
    formula.jpg


    I really appreciate your kind attention.
    Last edited by david55; 09-18-2013 at 12:54 AM. Reason: poor title

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