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It is still in most cases closely correlated with educational attainment and career expectations.
ECONOMIST: Class
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In many bird species feather colour and position in the pecking order are closely correlated.
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Other firms claim that their backward-looking and forward-looking measures are even more closely correlated.
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Construction and farm machinery sales are closely correlated to the health of economy.
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The knack is to hedge a position with something that is closely correlated.
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For although it draws a distinction between social exclusion and both poverty and unemployment, they are obviously closely correlated phenomena.
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Studies also find that the ability to secure repayment is closely correlated with other measures of public-sector health, such as the control of corruption and tax compliance.
ECONOMIST: Emerging-market debt
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The value of Bitcoins has been closely correlated with the total volume of Bitcoin transactions, which have been growing rapidly, if somewhat erratically, for more than 2 years.
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The metals index, which tends to be most closely correlated with global industrial production, has gone up by only 12%, much less than the index as a whole, since January 2002.
ECONOMIST: The prices of most raw materials have been surging
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We believe it should be more closely correlated to gold prices, but has performed poorly despite strong growth in both earnings and revenue (five year return of NEM 48% compared to GLD 187%).
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You cannot trade weather, so the next best thing is to trade something that behaves very like it: gas (as it happens, gas prices, which according to Enron are closely correlated with temperature).
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The iShares Silver Trust ETF (NYSE: SLV), which is very closely correlated to the spot price of silver, has surged nearly 22% in the last month, and more than 100% in the last year.
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