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What Are the Characteristics of an Uncorrelated Return?
Most financial assets are highly correlated and it gets really difficult to find one that's not the closest we came with is our microcap approach. But even that it tends to move out of sync with the general market. Now you can put an uncorrelated return stream in your portfolio. That's diversification as long as you realize that what I was getting at is sometimes uncor related return streams are negative too for time periods.