The Miller Fund's correlation with the market is .648.What percentage of the fund's movement can be explained by movements in the overall market?
A)35 percent
B)42 percent
C)51 percent
D)65 percent
E)71 percent

Name: The Miller Fund's correlation with the market is .648.What percentage of the fund's movement can be explained by movements in the overall market? A)35 percent B)42 percent C)51 percent D)65 percent E)71 percent
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Question

Quizplus · Accepted Answer

R² = (0.648)² = 42 percent

The Miller Fund's Correlation with the Market Is