Correlation coefficient between the returns of two stocks

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The covariance of the returns between Willow Sock and Sky Diamond Stock is 0.0790. The variance of Willow is 0.1860, and the variance of Sky Diamond is 0.1460. What is the correlation coefficient between the returns of the two stocks?

Reference no: EM131059067

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Correlation coefficient between the returns of two stocks : The covariance of the returns between Willow Sock and Sky Diamond Stock is 0.0790. The variance of Willow is 0.1860, and the variance of Sky Diamond is 0.1460. What is the correlation coefficient between the returns of the two stocks?

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