Question $8$

Assume the returns on Stock X were positive in January, February, April, July, and November. The other months the returns on Stock X were negative. The returns on Stock Y were positive in April, May, July, August, and October and negative the remaining months. Which one of the following best describes the relationship between Stock $x$ and Stock Y$?$

Show answer choices

Perfect positive correlation

B High but not perfect positive correlation

Uncorrelated

Large but not perfect negative correlation

Perfect negative correlation