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The following table shows the annual returns over a six year period for the S&P 500 market index and MCH, Inc. Assume that the historical

The following table shows the annual returns over a six year period for the S&P 500 market index and MCH, Inc. Assume that the historical information represents a population. Use this data to calculate the correlation between both sets of security returns. Discuss your findings.

Year

S&P 500

MCH, Inc.

2013

0.15

0.37

2014

0.13

0.09

2015

0.14

-0.11

2016

-0.09

0.08

2017

0.12

0.11

2018

0.09

0.04

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