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The Basics of Correlation and Why We Own Multiple Asset Classes
Episode 31
In this episode, we walk through the basics of correlation, a statistics concept that explains how two data sets, or variables, might be related. This has important implications for portfolio construction and sets up some upcoming episodes on alternative investments.
By Philip Mock, CFA®, CFP®The Basics of Correlation and Why We Own Multiple Asset Classes
Episode 31
In this episode, we walk through the basics of correlation, a statistics concept that explains how two data sets, or variables, might be related. This has important implications for portfolio construction and sets up some upcoming episodes on alternative investments.