Yearly returns (rounded to the nearest percent)for GLD a gold exchange traded fund and SLV a silver exchange traded fund are reported in the following table. a.Calculate the covariance between GLD and SLV.
b.Calculate and interpret the correlation coefficient.

Question

Yearly returns (rounded to the nearest percent)for GLD a gold exchange traded fund and SLV a silver exchange traded fund are reported in the following table.  a.Calculate the covariance between GLD and SLV.
b.Calculate and interpret the correlation coefficient.

Quizplus · Accepted Answer

The Answer of Yearly returns (rounded to the nearest percent)for GLD a gold exchange traded fund and SLV a silver exchange traded fund are reported in the following table.  a.Calculate the covariance between GLD and SLV.
b.Calculate and interpret the correlation coefficient.

Yearly Returns (Rounded to the Nearest Percent)for GLD a Gold