He distinguishes inflation hedging (measured
by correlation of returns and inflation) from long - run asset class performance.
Others have insisted that their work is social - scientific in the strong sense of the term — that is, as work guided
by the correlation of models and data, as are more purely sociological and social - psychological studies.
And it has been verified
by the correlation of the relevant data corresponding to its testable conclusions.
«For describing the quantum system, it is very important whether these higher correlations can be represented
by correlations of lower order — in this case, they can be neglected at some point — or whether they contain new information.»
MdFC, without any actually analysis, it should be said, just claim that the long - term trend can be explained
by the correlation of variability with ENSO (the «short - term trend also «logically» explains the long - term trend» - fallacy).
The construct validity of the research was also proved
by the correlation of the results obtained according to MEIM - R and those obtained by using the questionnaire for identifying personality identity according to EOMEIS - 2 (Adams et al., 1987).
Not exact matches
A 2016 study examining 78 years
of federal minimum wage hikes in the U.S. (between 1938 and 2009) showed no
correlation between those increases and job losses, even in sectors most affected
by such policies.
He mentioned he had just read one
of my articles (one
of the first ones I had written for this column) and was fascinated
by the
correlations I made between the culture
of the U.S. special - operations community and building high - performance teams in the business world.
The round was co-led
by Rally Ventures out
of Menlo Park, and Grotech Ventures out
of D.C., with participation from
Correlation Ventures and prior investors including Point Nine Capital, Middleland Capital, Bull City Venture Partners, and real estate influencer Tom Ferry.
A study
by the Hay Group's Center for Research and Innovation in Boston found a positive
correlation between the size
of executives» bonuses and their use
of humor, suggesting that yes,...
For all the reasons listed above, the
correlation between these two factors is actually very weak, as demonstrated
by Tim Koller, Jack Murrin, and Thomas E. Copeland in Valuation: Measuring and Managing the Value
of Companies (p. 80).
Any feedback into prices is dampened
by the low level
of wage growth, rebalancing
of factor shares, and a relatively low
correlation that has developed over time re the price - wage relationship.
The
correlation between rapid transit proximity and office leasing trends is further supported
by the fact that more than 90 percent
of office space in the development pipeline is located within 500 meters
of a rapid transit station.
Our clients view the success
of our public relations programs
by the
correlation between media placements and a direct impact on their business.
Obviously, Molycorp's management is aware
of the strong
correlation between its stock price and rare earth prices, and it tries to combat that
by marketing a proprietary chemical called SorbX and a range
of similar products for water treatment.
«The sharp move in interest rates has been accompanied
by an increase in volatility, pockets
of liquidity dislocations, and unstable and changing
correlations.»
Negative Feedback Loops «The steepness
of the yield curve holds a long - standing
correlation with currency weakness,» a report
by Bank
of America Merrill Lynch global research says.
The patent goals to make the presumably nameless crypto data related and identifiable
by gathering knowledge from a number
of sources after which discovering the
correlation with different transactions.
So far the lack
of yield on gilts is more than made up for
by the negative
correlation with stocks on down days, but more curious how the long term total return compares.
She modifies this strategy to investigate
correlation and volatility effects
by: (1) measuring also during the selection phase return
correlations and sum
of volatilities based on daily closing prices for each possible stock pair; (2) allocating each pair to a
correlation quintile (ranked fifth) and to a summed volatility quintile; and, (3) randomly selecting 20 twenty pairs out
of each
of the 25 intersections
of correlation and summed volatility quintiles.
By now you'll no doubt see the obvious
correlations between them all as well, and the really interesting thing about it all is that in each and every one
of them, both the ones I have reported on here as well as others we are yet to review, the lessons we take from them are not to be found in academic institutions.
They calculate stock betas using these volatilities and daily or monthly stock - versus - market return
correlations over the past five years, with shrinkage
by 1/3 toward a value
of one.
We compare
correlations by ranked fifth (quintile)
of VIX at the end
of the past return measurement interval to determine (in - sample) optimal time series momentum measurement intervals for different ranges
of VIX.
The beta calculation, here performed
by FactSet, is based on the
correlation between a single stock and the index over the past three years, which is then squared and divided
by the variance
of the index.
It's not as though stock markets went up due to above trend growth or productivity and it's hard not to look at a chart
of the returns generated
by long - dated gilts and property over the last 30 years and not see some
correlation.
The timing
of this
correlation is just as remarkable as that for tops, as demonstrated
by the comments underneath the graph
of stock prices in Figure 1.
«An interesting pattern emerges when tolerance for risk is analyzed
by department: There's a
correlation between the ratings
of salespeople and tolerance for risk.
S&P 500
Correlations: This interesting graph shows the change in average stock correlations, shared by Tiho Brkan of the Atl
Correlations: This interesting graph shows the change in average stock
correlations, shared by Tiho Brkan of the Atl
correlations, shared
by Tiho Brkan
of the Atlas Investor.
Macleod argues that the
correlation would remain valid in free markets but has been nullified
by the destruction
by central banks
of free markets for money, the seizure
by central banks
of control over interest rates, which are no longer set
by savers and borrowers.
Correlation risk: «The concept of diversification is the foundation of modern portfolio theory... The financial engineer... reduces the risk of a portfolio by combining anti-correlated assets... All modern portfolio theory does is transfer price risk into hidden short correlation risk... Many popular institutional investment strategies derive excess returns via implicit leveraged short correlation trades with hidden fragility... Correlation risk can be isolated and actively traded via options as source of exce
Correlation risk: «The concept
of diversification is the foundation
of modern portfolio theory... The financial engineer... reduces the risk
of a portfolio
by combining anti-correlated assets... All modern portfolio theory does is transfer price risk into hidden short
correlation risk... Many popular institutional investment strategies derive excess returns via implicit leveraged short correlation trades with hidden fragility... Correlation risk can be isolated and actively traded via options as source of exce
correlation risk... Many popular institutional investment strategies derive excess returns via implicit leveraged short
correlation trades with hidden fragility... Correlation risk can be isolated and actively traded via options as source of exce
correlation trades with hidden fragility...
Correlation risk can be isolated and actively traded via options as source of exce
Correlation risk can be isolated and actively traded via options as source
of excess returns.
Volatility traders on a dispersion desk will explicitly short
correlations by selling the variance
of an index and going long the weighted variance
of its constituents.
For instance if your retirement relies solely on a stock portfolio, then market volatility likely is much more
of a risk than a situation where your retirement will be supported
by income from several different vehicles with varying degrees
of correlation to market ups and downs.
GoldMoney research director Alasdair Macleod's study
of the breakdown
of the historic
correlation of interest rates and the general price level, a
correlation set forth
by «Gibson's Paradox» in economics, a study called to your attention
by GATA on Sunday --
The following chart, taken from the paper, compares the stock - bond
correlation (blue), the credit spread (green) and the federal funds target rate (red) over the entire sample period, with the latter two series scaled up
by a factor
of ten to facilitate comparison.
They calculate return
correlations quarter
by quarter and focus on the worst 5 %
of drawdowns in stocks or bonds.
Research
by Agcapita Partners, a Canadian agriculture private equity firm, shows that one
of the beneficial investment qualities
of farmland in North America is that is has a very low (slightly negative = -0.13)
correlation to stock market returns.
Looking back over the past 25 years, a period
of low and stable inflation, stock / bond
correlation has generally moved in tandem with monetary policy, as measured
by the effective federal funds rate.
We are encouraged
by Morningstar's report on the positive
correlation between success rates and ownership levels; we seek this level
of dedication within the companies in which we choose to invest, and elect to hold ourselves to the same standard.
But to get to primary assertion
of if not be based on Christian principles — read the Constitution & study Christianity (because judging
by your words, you don't know it) and if you can't see the
correlation then you just don't want to.
The American Search for Peace: Moral Reasoning, Religious Hope, and National Security edited
by George Weigel and John R. Langan Georgetown University Press, 281 pages, $ 30 The «
correlation of forces,» as the Marxists used to say, has dramatically transformed the international arena in the last few years, and some
of these essays may not take that adequately into account.
By analyzing the levels
of abstraction used in different accounts
of the same event, we can bring them into
correlation, and construct a synthetic model
of the event.
The first 110,000 annual layers
of snow in that ice core (GISP2) have been visually counted and corroborated
by two to three different and independent methods as well as
by correlation with volcanic eruptions and other datable events.
At its beginning, the outcome
of the Cold War was
by no means self - evident, given the «
correlation of forces,» as Marxists used to say.
It is especially important for Old Testament study because, as almost every page
of the Old Testament testifies, this
correlation was deemed
by Israel herself to be
of prime importance!
Although we have proceeded with this discussion in a structure much simpler than that
of Professor Paul Tillich, we shall attempt what he calls a «method
of correlation,» whereby man's existential questions are met
by the answers
of our Christian faith.
By «metaphysics in the strict sense,» one properly means metaphysica generalis, or ontology, although from the standpoint
of a neoclassical theism there can be no adequate distinction between ontology, on the one hand, and theology and cosmology, as disciplines
of metaphysica specialis, on the other.1 From this standpoint, ontology is also theology in the sense that its constitutive concept «reality as such» necessarily involves the distinction /
correlation between the one necessarily existing individual and the many contingently existing individuals and events.
Nevertheless, Whitehead is understandably reluctant to endorse the phenomenalist implications
of his first version, since it seems to create a schism between the philosophic account
of sign interpretation given in terms
of correlations between experiences and the world as described
by physics and the other sciences.
My continual commerce between the two seems to me to be an instance
of what Tillich meant
by the «method
of correlation.»
By suggesting a
correlation between how well a college actually succeeds in forming and shaping students» lives during their academic journey and well - being after graduation, the report offers an opportunity for further debate over how best to cultivate the life
of the mind.
Planned Parenthood's abortions are very highly positively correlated with the amount
of government funds received
by the company, at 99 \ %
correlation.