• Describes two series that lack any relationship or interaction and therefore have a correlation coefficient close to zero.

 Embedded terms in definition
Correlation coefficient
 Referenced Terms
 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.

<< Uncertainty Uncovered call >>

Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

You may be disappointed if you fail, but you are doomed if you don't try. - Beverly Sills


Copyright 2009-2018 GVC. All rights reserved.