What is correlation, and why is it important with respect to asset returns? Describe the characteristics of

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What is correlation, and why is it important with respect to asset returns? Describe the characteristics of returns that are
(a) Positively correlated,
(b) Negatively correlated,
(c) Uncorrelated.
Differentiate between perfect positive correlation and perfect negative correlation.
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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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