Use the table for the question(s)below.
Consider the following returns:
-The Correlation between Stock X's and Stock Y's returns is closest to:
A)0.58.
B)0.29.
C)0.69.
D)0.10.

Question

Use the table for the question(s)below.
Consider the following returns: 
-The Correlation between Stock X's and Stock Y's returns is closest to:
A)0.58. 
B)0.29. 
C)0.69. 
D)0.10.

Quizplus · Accepted Answer

The correlation coefficient measures the strength and direction of a linear relationship between two variables. A correlation of 0.69 indicates a moderate to strong positive relationship, which is likely the closest value given the options.

Use the Table for the Question(s)below