As in developed markets, the correlation of emerging markets
to the United States went over 0.6 in August 1998 and has stayed
above 0.6 since. Before then, the closest a correlation had gotten
to 0.6 was 0.548 in July 1995, according to the analysis of stock
market return data from MSCI that begins its monthly readings
of five-year rolling correlations in December 1992.
to the United States went over 0.6 in August 1998 and has stayed
above 0.6 since. Before then, the closest a correlation had gotten
to 0.6 was 0.548 in July 1995, according to the analysis of stock
market return data from MSCI that begins its monthly readings
of five-year rolling correlations in December 1992.
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