In fact, the correlation between the Utilities Select SPDR (XLU) and the Industrial Select SPDR (XLI) was just 0.57.

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In a release Alinean sent out after the article appeared, entitled "Alinean Research Shows That IT Does Matter, " the firm notes that its research in fact shows no correlation between IT spending per se--at any level--and corporate performance.

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The Russell 2000 value index had the highest correlation and, in fact, outperformed the median fund in both the private equity and VC categories.

FORBES: Magazine Article

This led physicists to think that the original correlation was significant when in fact it was not.

ECONOMIST: Particle physics

The fact is there is not a direct correlation there because it's a global commodity and the price of oil globally is affected by a number of factors, including economic growth in China, India, Brazil, and other countries, as well as this one, and by a lack of stability in various regions of the world.

WHITEHOUSE: Press Briefing

Economists, in fact, have found that there is frequently a correlation between persistently high local unemployment rates and high levels of homeownership.

WSJ: Renting Prosperity

Traders "are believing the correlation is going to last forever" when in fact it may already be over, Crandell said.

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