• Describes two series that lack any relationship or interaction and therefore have a correlation coefficient close to zero.
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| ||Cluster analysis: A statistical technique that identifies clusters of stocks whose returns are highly correlated within each cluster and relatively Uncorrelated between clusters. Cluster analysis has identified groupings such as growth, cyclical, stable and energy stocks.|
| ||Idiosyncratic risk: Unsystematic risk or risk that is Uncorrelated to the overall market risk. In other words, the risk that is firm specific and can be diversified through holding a portfolio of stocks.|
Multi-Tasking In Your 30s, 40s or 50s: Managing for today and saving for tomorrow, including a child's college expenses and your retirement More...
Power is the faculty or capacity to act, the strength and potency to accomplish something. It is the vital energy to make choices and decisions. It also includes the capacity to overcome deeply embedded habits and to cultivate higher, more effective ones. – Stephen R. Covey