Economic: What stocks do you own which have businesses (and / or business models) which are less correlated, or
even uncorrelated, with the economic cycle?
Not exact matches
Within these regions, it is also important for an investor to understand the dynamics of each country as they are highly
uncorrelated markets
even though they have the same characteristics in terms of the economy.
We find no correlation; we
even find that both processes can be influenced by a genetic intervention in insulin / IGF1 signaling and yet remain
uncorrelated, suggesting some form of compartmentation within the organism.
Even if observation scores are completely
uncorrelated with test score gains, parents and communities might prefer that teachers score well on them.
Even a relatively small exposure to the
uncorrelated returns can dramatically impact a portfolio.
The reason that cash / bonds are
even in the mix is because the portfolio is supposed to be made up of
uncorrelated assets — when something goes up, something else should go down (ideally).
Similarly, funds may have avoided or tamed the last bear by being heavy cash, diversifying into
uncorrelated assets, hedging or perhaps
even going net short, only to underperform in the subsequent bull market.
If that means buying bonds, moving to cash, going short, abandoning your home market, buying unusual,
uncorrelated or
even negatively correlated assets, whatever — well, ideally, that's exactly what they'll do.
I'd classify eight of these holdings into three (overlapping) categories: Deep value, special situations & (mostly)
uncorrelated stocks (vs. the economy, or
even the market).
Market: In reality, just about all stocks (
even those with
uncorrelated businesses) tend to exhibit a level of correlation with the market — if you invest in equities, that's inescapable.
Stocks which offer (relatively)
uncorrelated returns vs. the market are
even more attractive, but that much rarer.
They're not that transparent, but litigation funders may provide an interesting
uncorrelated (
even slightly negatively correlated) investment.
I may be wrong about this, I'm still learning, and you may be justified in treating them as
uncorrelated even if they are correlated.
Say you have two arbitrary time series A and B which are
uncorrelated, then
even so there will be a correlation between A and A+B or B and A+B.
The answer to my questions is this: - «Those few millilitres (or
even grams) of «gas» regarded from within the «bubbles» is an insignificant and as such
uncorrelated population sample.
Even if it will turn out not to be an
uncorrelated hedging asset, only a financial crisis will be able to ultimately prove this.