Due to the tight positive correlation between the value of crude and the value of the CAD, we have seen somewhat offsetting influences in this pair today.
We have the ability to tilt the portfolio at times, having a portfolio with a very high correlation to traditional value investing, other times similar to now, a heavy leaning to growth at a reasonable price.
So when the correlation was run with the shuffled data, it gave a lower value than the correlation from the original data.
While wealth is not synonymous with virtue, a correlation exists between adding value and garnering success.
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But, what investors really need to be concerned about is not absolute levels of pay, but rather the correlation between executive pay and shareholder value.
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Most drastically, in the NFL we found there is no correlation between the top fans and their value.
The Russell 2000 value index had the highest correlation and, in fact, outperformed the median fund in both the private equity and VC categories.
As indicated by the top 5 best fans and top 5 worst fans, it is worth noting that there is a positive correlation between fan engagement and their team value.
Housing is not gold-like in the sense that gold priced in all currencies tends to rise when currencies decline in value, but the historical correlation between commodity spikes and nominal housing health is very real, and was there during the Bush years for all to see.
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In other words, using even the simplest strategy to bifurcate the market meant you still had a correlation of 90% regardless of whether you owned value or growth.
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Past stock returns have a high correlation with current advisor sentiment while current advisor sentiment has no value in forecasting future stock returns.
You can see below the strong correlation between the rising U.S. monetary base and growing gold value.
The correlation between chocolate consumption and Nobels is remarkably strong, with a p-value less than 0.0001, meaning that the odds that this is due to chance are less than 1 in 10, 000.
It argues that using performance measures, such as Ofsted inspections and comparing schools' value-added results in English and maths, there is "no correlation at all between spending and outcomes".
On a day-to-day basis, the correlation can break, but over the long term it has been strong because the value of the Canadian dollar has good reason to be sensitive to the price of oil.
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If so, it has an interesting correlation on the formerly discussed issue in the Sonnabend Estate over whether control absent the ability to sell the work has value.
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