iShares MSCI United Kingdom Index (EWU)

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  • commenter
    Clive
    Corcoran
    Jul 23 09:21 AM
    My Website
    Asset Class Correlations [view article]
    Regarding the increased correlation with the Japanese yen the rate you are referencing is the USD/JPY so increases in stocks is related to increased strength of dollar versus yen and not strength in the yen. This could be closely related to leverage being applied/wound down by hedge funds etc (when they are more bullish on stocks) via the carry trade Reply
  • commenter
    nonaldehyde
    Jul 23 07:26 AM
    Asset Class Correlations [view article]
    More Lep in more places.

    What passes for valid numerical analysis is appalling.     Reply
  • commenter
    lep
    Jul 22 11:06 PM
    Asset Class Correlations [view article]
    The majority of correlation coefficients shown are actually not that good. When you get down to 0.2 - 0.6, the association between the pairs of variables can still be jumpy. In fact, if you showed the X-Y scatter plots for a number of these matrix elements, you would probably be surprised at how noisy, jumpy and unrelated a lot of the series are. X-Y scatter plots would likely reveal problems and cause readers to ask why you tried to correlate a lot of these pair-vectors in the first place. At values of r=0.8 (-0.8) you will truly begin to see very tight patterns and tight trending between the data being correlated. The goal is to focus on high negative correlation, and the large negative correlation between the dollar and gold is actually good, since you would want to load a portfolio with something that is going to go up, on average, when the dollar goes down. (remember, though, gold is a commodity so the price is inflated in the direction in which the speculative buyers/sellers think it will go. ). Again, the majority of the coefficients are near-zero and low (less than r=0.2 or greater than r=-0.2) and uninteresting. Last, you are probably showing Pearson correlation, which can be biased by outlier pairs. Try using Spearman correlation, which is not biased by outliers. Reply
  • commenter
    DrBagel
    Jul 22 06:34 PM
    Asset Class Correlations [view article]
    Thanks yuman. that helps. Reply
  • commenter
    yuman
    Jul 22 03:02 PM
    Asset Class Correlations [view article]
    DrBagel,
    I think 10-Yr treasuries in the tables are measured in price, not yield. The dollar drops with short terms rates, while gold rises (-0.64), so do bond prices.     Reply
  • commenter
    DrBagel
    Jul 22 02:20 PM
    Asset Class Correlations [view article]
    I dont understand why treasuries are inversely correlated with the dollar. Can someone explain? Reply
  • commenter
    mdmrjsds
    Jul 22 11:11 AM
    Asset Class Correlations [view article]
    In the third chart, the vertical column of correlations for 10-yr is marked as slightly less correlation in the column, but largely less correlation in the row with the same numbers. The inverse is true of the yen, the column disagrees with the row, though for increased correlation.

    The numbers are the same, so I guess this is just coloring error.     Reply
  • commenter
    Irrational
    Markets
    Jul 22 08:48 AM
    Asset Class Correlations [view article]
    the only problem is that correlations are not static and so if you try and build a portfolio based on "asset class correlation" you might find yourself of mark real quick Reply
  • commenter
    David Barsan
    Jul 22 08:25 AM
    Asset Class Correlations [view article]
    excellent! Reply
  • commenter
    xander
    Jul 20 10:43 PM
    ETF Global Update [view article]
    i appreciate your wide ranging and useful report. thank you. Reply
  • commenter
    quetzalcoatl
    Jul 19 03:16 PM
    ETF Global Update [view article]
    The 'solid' earnings reported by Wells Fargo are at least partially the result of accounting changes. Truly 'solid' earnings are not those produced by deferring losses. Reply
  • commenter
    blink0404
    Jul 02 03:58 PM
    The Foreign Equity Conundrum [view article]
    Hey Roger Nusbaum fans,

    Here's a link to an Roger Nusbuam interview with Chip Hanlon on greenfaucet.
    www.greenfaucet.com/no...

    They discuss the market and why Nusbaum thinks there could more downside for stocks to come.     Reply
  • commenter
    blink0404
    Jul 02 03:12 PM
    Weekly Preview: Stocks Down, Gold and Oil Up [view article]
    For anyone who is trying to figure out when gold is done moving up, watch silver. When silver hits a peak, gold will start going down.

    here's an article with a little more information:
    www.greenfaucet.com/ha...     Reply
  • commenter
    FistSolar
    Jun 27 12:41 AM
    My Website
    Energy Use Per GDP Unit by Country [view article]
    Interesting analysis, and worthy of further investigation. Perhaps too simplistic to try and boil it down to ETF/CEF investing strategies. Reply
  • commenter
    Stockaccumul
    ator
    Jun 26 12:47 PM
    The Foreign Equity Conundrum [view article]
    Read Cramer's article "Stop trading and buy Brazil", greatest article her ever wrote, just published and out today... copy also found on Seeking Alpha... he is so right recommding PBR. Buy PBR now today, forget about it, and double your investment by summer 09' easy... only other to guarantee such a result is to buy SID (also in Brazil, Steel, ore, mines)... there is a brief break in the price of these two companies... buy now... The Stockaccumulator... Reply

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