Guggenheim_Zacks Multi_Asset I NYSE $CVY Correlation Histogram

CVY

X axis : Stocks Price Correlation Coefficient

Y axis : Quantity of stocks

May-2016

1,000 Day Parameter

4,338 NYSE Stocks Price

Analysis

This stock mode of correlation coefficient is -0.1

In other words, the correlation coefficient of the other stocks is the many levels -0.1

Kurtosis of the distribution of the correlation is -1, and skew is -0.08

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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