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Definition of Correlation
See: correlation coefficient.
The simultaneous change in value of two random numeric variables.
The correlation of a variable with itself over successive time intervals.
a measure of dispersion that indicates the degree of relative association existing between two variables
an analytical technique that uses statistical
A standardized statistical measure of the dependence of two random variables,
A measure of the tendency of two variables to change values
A statistic in which the covariance is scaled to a
Dividing investment funds among a variety of securities with different risk, reward, and
The correlation between predicted and actual stock returns, sometimes used to
The effective reduction of risk (variance) of a portfolio, achieved without reduction
Square of the correlation coefficient proportion of the variability explained by the linear
Square of the correlation coefficientthe proportion of the variability in one series that can be
An asset allocation strategy that allows active departures from the normal
Procedure for estimating the probability of portfolio losses exceeding some
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