Ackman Explains Pairs Play: Corrections Corp and Realty Income [View article]
What does it mean that CXW doesn't have a strong technical correlation to other stocks when it has a .79 correlation to O, a stock he shorted see: www.invescopowershares... ...plug in o and cxw disclosure: long O. looked at CXW a few years ago, passed. No yield. Stock price has not tracked O for ten years, even after not distributing any dividends.
jmann83 said 'very interesting stock, doesn't have a strong fundamental or technical correlation to many other stocks, which is usually a trait of an outperformer,'
Ackman Explains Pairs Play: Corrections Corp and Realty Income [View article]
see: www.invescopowershares... ...plug in o and cxw
disclosure: long O. looked at CXW a few years ago, passed. No yield. Stock price has not tracked O for ten years, even after not distributing any dividends.
jmann83 said 'very interesting stock, doesn't have a strong fundamental or technical correlation to many other stocks, which is usually a trait of an outperformer,'