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Guy LeBas: minus 41 percent correlation signals significant link in month to date and daily returns

Guy LeBas: minus 41 percent correlation signals significant link in month to date and daily returns
Minus 41 percent return correlation

A correlation of minus 41 percent has been identified between month-to-date (MTD) returns as of yesterday's close and today's returns.

Guy LeBas states that this statistically significant relationship holds at the 0.01 percent level, indicating a noteworthy negative association within short-term return metrics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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