Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Claire's expertise lies in corporate finance & accounting, mutual funds, ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of ...

The most important metric to consider when diversifying your portfolio is correlation. Adding assets with low correlation helps to reduce volatility. Generally, there is some economic rationale that ...

It shows the evolution of the realized correlation coefficients RCorr_τ between sectors and markets. The long-term correlation between each sector and the market as a whole increased significantly ...

The range of correlation coefficient of any bivariate discrete random vector with finite or countably infinite values is derived. We show analytically that the normal-transformed discrete bivariate ...

Investments with low correlations to the S&P 500 can provide diversification benefits. These investments often represent different asset classes as opposed to individual stocks. A basket of low ...

Most studies include multiple response variables, and the dependencies among them are often of great interest. For example, we may wish to know whether the levels of mRNA and the matching protein vary ...