the following statements about the correlation coefficient is false? Group of answer choices The values range between -1 to +1. A value of +1 implies that the returns for the two stocks move together in a completely linear manner. A value of -1 implies that the returns move in a completely opposite direction. A value of zero means that the returns are independent. None of these (that is, all of these statements are true)
the following statements about the correlation coefficient is false? Group of answer choices The values range between -1 to +1. A value of +1 implies that the returns for the two stocks move together in a completely linear manner. A value of -1 implies that the returns move in a completely opposite direction. A value of zero means that the returns are independent. None of these (that is, all of these statements are true)
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
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Question
Which of the following statements about the correlation coefficient is false?
Group of answer choices
The values range between -1 to +1.
A value of +1 implies that the returns for the two stocks move together in a completely linear manner.
A value of -1 implies that the returns move in a completely opposite direction.
A value of zero means that the returns are independent.
None of these (that is, all of these statements are true)
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