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Image Graphic Company (IGC) and Rongway Compass Company (RWC) have the following returns in various states of the economy: State of the Economy Probability IGC

Image Graphic Company (IGC) and Rongway Compass Company (RWC) have the following returns in various states of the economy:

State of the Economy Probability IGC RWC
Good 25% 15% 10%
Average 50% 10% 7%
Bad 25% 5% 7%
Expected Return: 10.00% 7.75%
Standard Deviation: 3.5355% 1.2990%

What is the correlation between IGC and RWC?

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