Given the returns over the 1988-2013 period, what has been the correlation between these markets? Year Developed Emerging 1988 24.0% 40.4% 1989 17.2% 65.0% 1990 -16.5% -10.6% 1991 19.0% 59.9% 1992 -4.7% 11.4% 1993 23.1% 74.8% 1994 5.6% -7.3% 1995 21.3% -5.2% 1996 14.0% 6.0% 1997 16.2% -11.6% 1998 24.8% -25.3% 1999 25.3% 66.4% 2000 -12.9% -30.6% 2001 -16.5% -2.4% 2002 -19.5% -6.0% 2003 33.8% 56.3% 2004 15.2% 26.0% 2005 10.0% 34.5% 2006 20.7% 32.6% 2007 9.6% 39.8% 2008 -40.3% -53.2% 2009 30.8% 79.0% 2010 12.3% 19.2% 2011 -5.0% -18.2% 2012 16.5% 18.6% 2013 27.4% -2.3%   What is the correct answer, among below? 0.23 0.44 0.79 0.67 0.91

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
icon
Concept explainers
Question
100%

Given the returns over the 1988-2013 period, what has been the correlation between these markets?

Year

Developed

Emerging

1988

24.0%

40.4%

1989

17.2%

65.0%

1990

-16.5%

-10.6%

1991

19.0%

59.9%

1992

-4.7%

11.4%

1993

23.1%

74.8%

1994

5.6%

-7.3%

1995

21.3%

-5.2%

1996

14.0%

6.0%

1997

16.2%

-11.6%

1998

24.8%

-25.3%

1999

25.3%

66.4%

2000

-12.9%

-30.6%

2001

-16.5%

-2.4%

2002

-19.5%

-6.0%

2003

33.8%

56.3%

2004

15.2%

26.0%

2005

10.0%

34.5%

2006

20.7%

32.6%

2007

9.6%

39.8%

2008

-40.3%

-53.2%

2009

30.8%

79.0%

2010

12.3%

19.2%

2011

-5.0%

-18.2%

2012

16.5%

18.6%

2013

27.4%

-2.3%

 

What is the correct answer, among below?

0.23

0.44

0.79

0.67

0.91

Help me with this. Thank you. 

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Exchange Rate Risk
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education