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When two assets have -1 correlation... The assets covariance can be positive or negative. Knowing that one assets return is above its expected return tells

When two assets have -1 correlation...

The assets covariance can be positive or negative.

Knowing that one assets return is above its expected return tells you nothing about the other assets return.

The investment opportunity set is the line connecting the two assets.

The Minimum Variance Portfolio is risk free

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