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The following information is available on Stock X and Stock Y returns for the last year based on monthly data: Covariance (X,Y) = -21.18 Variance
The following information is available on Stock X and Stock Y returns for the last year based on monthly data:
Covariance (X,Y) = -21.18
Variance X = 38.44
Variance Y = 19.36
Correlation of Stock X and Stock Y returns is:
-1.32 | ||
-1.12 | ||
-0.43 | ||
-0.78 |
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