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The following table contains returns for 2 stocks (A and B). What is the numerical correlation of the 2 stocks? Round to two decimals places.
The following table contains returns for 2 stocks (A and B). What is the numerical correlation of the 2 stocks? Round to two decimals places.
Year Stock A Stock B
2015 5.33% 7.44%
2016 -1.76% 2.30%
2017 -6.99% -7.00%
2018 5.18% 1.33%
2019 1.00% -2.22%
2020 3.45% 11.00%
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Fundamentals of Investments
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
3rd edition
