An analyst develops the following covariance matrix of returns: Hedge Fund Hedge Fund Market Index 0.0289 0.00765 Market Index 0.00765 0.0225 Calculate the correlation of returns between the hedge fund and the market index.
An analyst develops the following covariance matrix of returns: Hedge Fund Hedge Fund Market Index 0.0289 0.00765 Market Index 0.00765 0.0225 Calculate the correlation of returns between the hedge fund and the market index.
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 4LO
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