If we compare the historical returns for two stocks from different industries in the United States,it is very likely that the correlation coefficient between these two stock returns is zero.

Question

Quizplus · Accepted Answer

It is not guaranteed that the correlation coefficient between two stocks from different industries in the United States will be zero. There may be certain economic or market factors that affect both stocks, leading to a positive or negative correlation between their returns.

If We Compare the Historical Returns for Two Stocks from Different