November 16, 2017
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- Income Report Card
November 13, 2017
November 9, 2017
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Near-term and long-term correlations are converging, but are still below historical averages. As a result, we think there are many potential options for positive performance through the selection of risk-diversifying assets and individual names. In short, we still see this as a stock picker’s market.
The correlation figure measures how each asset return moves in relationship to the broader basket of asset returns listed on the X axis. When correlation are high or rising, it may indicate that economic movements and sentiment are driving the majority of returns, which could potentially make security selection challenging.