Question: What does a correlation value of 0 . 9 indicate? The stock returns tend to move closely, although not perfectly, together. The stock returns have

What does a correlation value of 0.9 indicate?
The stock returns tend to move closely, although not perfectly, together.
The stock returns have a strong tendency to move in opposire directions, although not perfectly so.
The stock returns have a slight tendency to move togethec.
There is little relationship between the movements of the stock returns.
What does a correlation value of 0 . 9 indicate?

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