destadams63 destadams63

02-06-2023
Business

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A statistical measure of the degree to which securities' returns move together is called the correlation coefficient. Which of the following about correlation coefficient is/are CORRECT?
I. Perfectly negatively correlated describes two negatively correlated stocks that have a correlation coefficient of -1.
II. Perfectly positively correlated describes two positively correlated stocks that have a correlation coefficient of +1.

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