Which of the following statements is FALSE?Question content area bottomPart $1$A$.$The covariance and correlation allow us to measure the cominusmovement of returns.B$.$Correlation is the expected product of the deviations of two returns.C$.$The amount of risk that is eliminated in a portfolio depends on the degree to which the stocks face common risks and their prices move together.D$.$Because the stocks' prices do not move identically, some of the risk is averaged out in a portfolio.