As february ended we computed the stock correlations for January and February. Correlations are extremely important for proper diversification of investments.
Among the best uncorrelated pairs for 2010 are:
We have identified USO and UNG as great uncorrelations in the past. The next time someone mentions that gas should trade as oil, and that the price of gas should be $x based on the price of oil, you know better.
Please note that correlation does not imply causality.
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