Which of the following statements is FALSE?

	A.	The amount of risk that is eliminated in a portfolio depends on the degree to which the shares face common risks and their prices move together.
	B.	Because the prices of shares do not move identically, some of the risk is averaged out in a portfolio.
	C.	Correlation is the expected product of the deviations of two returns.
	D.	The covariance and correlation allow us to measure the co-movement of returns.