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The table below summarizes the correlations of commodities futures returns with stocks, bonds and inflation from 1959 through 2004. * suggests that the result is

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The table below summarizes the correlations of commodities futures returns with stocks, bonds and inflation from 1959 through 2004. * suggests that the result is significant for the 5% significant level Holding Period Stocks Bonds Inflation Monthly 0.05 -0.14* 0.01 Quarterly -0.06 -0.27* 0.14 One year -0.10 -0.30* 0.29* Five years -0.42* -0.25* 0.45* b) Describe how the commodity futures returns are related to the more traditional asset classes returns The table below summarizes the correlations of commodities futures returns with stocks, bonds and inflation from 1959 through 2004. * suggests that the result is significant for the 5% significant level Holding Period Stocks Bonds Inflation Monthly 0.05 -0.14* 0.01 Quarterly -0.06 -0.27* 0.14 One year -0.10 -0.30* 0.29* Five years -0.42* -0.25* 0.45* b) Describe how the commodity futures returns are related to the more traditional asset classes returns

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