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Firm X and Firm Y have the following prices: Year Firm Y 2015 Firm X $14 $10 $13 $14 $19 $22 2016 2017 $21 2018

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Firm X and Firm Y have the following prices: Year Firm Y 2015 Firm X $14 $10 $13 $14 $19 $22 2016 2017 $21 2018 $20 What is the correlation of the returns? And what would the covariance of these two firms' returns tell you? -1.845, and covariance tells you a standardized value by what amount the firms are moving apart -0.922, and covariance tells you that the firms returns are moving in opposite directions -0.322, and covariance tells you a standardized value by what amount the firms are moving apart 0.908, and covariance tells you that the firms returns are moving in the same direction

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