Benchmark For Correlation Values
- A benchmark or point of reference chosen by an investment fund to measure correlation values such as beta, the coefficient of correlation "r" and the coefficient of determination "r2." These correlation values indicate the degree to which the fund's performance is related to its market (using the benchmark as a proxy for the market). A high correlation to its benchmark is generally considered to be favorable for the fund if their investment thesis closely follows the benchmark.
The relevant benchmark for correlation values depends on the fund's investing mandate. For example, a large-cap US equity fund would usually use the S&P 500 as its benchmark for correlation values, while a large-cap Canadian equity fund would use the S&P/TSX Composite index as its benchmark.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Fixed income attribution — refers to the process of measuring returns generated by various sources of risk in a fixed income portfolio, particularly when multiple sources of return are active at the same time. For example, the risks affecting the return of a bond portfolio … Wikipedia
Fixed-income attribution — refers to the process of measuring returns generated by various sources of risk in a fixed income portfolio, particularly when multiple sources of return are active at the same time. For example, the risks affecting the return of a bond portfolio … Wikipedia
News analytics — News analysis refers to the measurement of the various qualitative and quantitative attributes of textual (unstructured data) news stories. Some of these attributes are: sentiment, relevance, and novelty. Expressing news stories as numbers… … Wikipedia
ANTISEMITISM — ANTISEMITISM, a term coined in 1879, from the Greek ἁντί = anti, and Σημ = Semite by the German agitator wilhelm marr to designate the then current anti Jewish campaigns in Europe. Antisemitism soon came into general use as a term denoting all… … Encyclopedia of Judaism
heredity — /heuh red i tee/, n., pl. heredities. Biol. 1. the transmission of genetic characters from parents to offspring: it is dependent upon the segregation and recombination of genes during meiosis and fertilization and results in the genesis of a new… … Universalium
Information retrieval — This article is about information retrieval in general. For the fictional government department, see Brazil (film). Information retrieval (IR) is the area of study concerned with searching for documents, for information within documents, and for… … Wikipedia
Gold as an investment — Reserves of SDR, forex and gold in 2006 … Wikipedia
Metal-organic framework — Metal Organic Frameworks are crystalline compounds consisting of metal ions or clusters coordinated to often rigid organic molecules to form one , two , or three dimensional structures that can be porous. In some cases, the pores are stable to… … Wikipedia
Collective investment scheme — The values and performance of collective funds are listed in newspapers A collective investment scheme is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These… … Wikipedia