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by grivescorbett 2645 days ago
Correlation is not binary, it’s on a 0-100% scale.

For more detail: https://en.m.wikipedia.org/wiki/Modern_portfolio_theory
2 comments
alexis2b 2644 days ago
More like -100% (perfectly anti-correlated) to +100% (perfectly correlated) through 0% (perfectly decorrelated) and everything in between!
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grivescorbett 2644 days ago
Correct my bad, this is important :)
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michaelcampbell 2645 days ago
Also, correlation changes all the time, and sadly tends to converge on the way down, but not up.
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