Essay
An investor has calculated the covariance between a utility ETF and a bank ETF at 124. The variance of the utility ETF is 398 and the variance of the bank ETF is 548. Find the correlation between the two ETFs.
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= 124 / (3981/...View Answer
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Correct Answer:
Verified
= 124 / (3981/...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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