Less than perfect positive correlation between returns on two stocks means that if we plot the returns of one stock against the other, the paired points on a graph would
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Correlation coefficients are indicators of the strength of the relationship between two different variables. A correlation coefficient that is greater than zero indicates a positive relationship between two variables. A value that is less than zero signifies a negative relationship between two variables. Finally, a value of zero indicates no relationship between the two variables that are being compared.
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