Which of the following statements concerning the correlation coefficient as a measure of relative co-movements between security
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Question:
Which of the following statements concerning the correlation coefficient as a measure of relative co-movements between security returns is (are) CORRECT? I-The correlation coefficient is a relative measure of association that is bounded by +1.0 and -1.0. II-A correlation coefficient of +1.0 denotes perfect positive correlation; -1.0 denotes a perfect negative (inverse) correlation; 0.0 denotes zero correlation or no relationship.
I only | ||
II only | ||
Both I and II | ||
Neither I nor II |
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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