iShares Inc. NASDAQ $EMEY Correlation Histogram

X axis : Stocks Price Correlation Coefficient

Y axis : Quantity of stocks

Sep-2016

1,000 Day Parameter

2,830 NASDAQ Stocks Price

Analysis

This stock mode of correlation coefficient is 0.4

In other words, the correlation coefficient of the other stocks is the many levels 0.4

Kurtosis of the distribution of the correlation is -1.4, and skew is -0.12

Correlation Histogram Type Description

Zero Correlation Histogram

- The stock pair is concentrated in the correlation coefficient zero.

- Case the diversification, Zero type will Overweight of the portfolio.

- And, Zero type are often low volatility.

Type A Correlation Histogram

- The stock pair is concentrated in the plus high correlation coefficient and minus high correlation coefficient.

- The A type will underweight of the portfolio.

- This is not a normal distribution.

Type B Correlation Histogram

- The stock pair is concentrated in the plus high correlation coefficient.

- The B type will underweight of the portfolio.

- This is not a normal distribution.

Type C Correlation Histogram

- The stock pair is concentrated in the minus high correlation coefficient.

- The C type will underweight of the portfolio.

- This is not a normal distribution.

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