X axis : Stocks Price Correlation Coefficient
Y axis : Quantity of stocks
1,000 Day Parameter
3,025 NASDAQ Stocks Price
Analysis
This stock mode of correlation coefficient is 0.7
In other words, the correlation coefficient of the other stocks is the many levels 0.7
Kurtosis of the distribution of the correlation is -1.1, and skew is -0.32
Correlation Histogram Type Description
Zero Correlation Histogram
- The stock pair is concentrated in the correlation coefficient zero.
- Case the diversification, Zero type will Overweight of the portfolio.
- And, Zero type are often low volatility.
Type A Correlation Histogram
- The stock pair is concentrated in the plus high correlation coefficient and minus high correlation coefficient.
- The A type will underweight of the portfolio.
- This is not a normal distribution.
Type B Correlation Histogram
- The stock pair is concentrated in the plus high correlation coefficient.
- The B type will underweight of the portfolio.
- This is not a normal distribution.
Type C Correlation Histogram
- The stock pair is concentrated in the minus high correlation coefficient.
- The C type will underweight of the portfolio.
- This is not a normal distribution.
Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.
Information provided by the investment decisions are not legally responsible for. In addition, the information posted can not be distributed without permission.
Congratulations @dataunion! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
To support your work, I also upvoted your post!
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last announcement from @steemitboard!