Correlation
how strongly two assets tend to move in the same direction at the same time, from +1 (perfect lockstep) through 0 (independent) to −1 (perfect opposites). The lower it is, the bigger the diversification benefit.
how strongly two assets tend to move in the same direction at the same time, from +1 (perfect lockstep) through 0 (independent) to −1 (perfect opposites). The lower it is, the bigger the diversification benefit.