Studies of Correlations Among Monthly Equity Price Index Returns Have

Multiple Choice

Studies of correlations among monthly equity price index returns have found:

A) Low correlations between various U.S. equity indexes
B) High correlations between various U.S. equity indexes
C) High correlations between U.S. and non-U.S. equity indexes
D) Negative correlations between various U.S. equity indexes
E) None of the above