6. The tables below show mean, standard deviation, and correlation between assets. In the correlation table, as shown in class, the number at below the correlation show the p-value testing whether the associated correlation is significantly different from ZERO. Assume you are an avid coin collector and have no other investible asset or collections in your portfolio. Which assets will help you diversify your portfolio? Coins Stamps Diamonds Gold Silver Violins Bonds Stocks Wine Art Stocks T-bill T-bond Mean returns 0.065 0.086 0.103 0.055 0.037 0.068 0.071 0.099 0.089 0.068 0.155 0.010 0.013 Standard deviation of returns 0.154 0.142 0.397 0.203 0.270 0.109 0.088 0.171 0.251 0.105 0.243 0.021 0.026 ULLILLLIVU ULYY LUL ILLLLLLS LLLL LLLL This table reports pairwise correlations and associated p-values between coin annual returns and returns on other asset classes. Data on art, stamps, violins and wine are from Goetzmann et al. (2010), Dimson et al. (2015), Dimson and Spaenjers (2011), and Dimson and Spaenjers (2014). Data forU.S. equity, U.S. bond, diamonds, gold, and silver are from Datastream. Data for coins, gold, silver, U.S. bond index, and U.S. stock index are available between 1967 and 2017. Data for the other asset classes comes from various sources and the available of the data varies. Data for diamonds is available between 1986 and 2007. Data for stamps, violins, and wine is available between 1967 and 2012. Data for art is available between 1967 and 2007. Coins T-bills Stocks Bonds Diamonds Stamps Violins Gold Silver Wine Art Coins 1.00