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[RT] Re: Correlation of international markets?



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Correlation is less than what the eye says and varies a lot over time.
European markets are more correlated to the US than Asian markets, but
mostly on the downside in sharp trends, less so on the upside...

FWIW

Gwenn


Owen Davies wrote:

> Has anyone done rigorous studies of how closely the
> S&P, Hang Seng, FTSE, etc. are correlated?  How much
> of a change in one it takes to influence the others?
> I know the obvious lore, but it would be nice to have some
> hard statistics.  (And I'm pretty lazy about developing my
> own when someone else may have done the job.)
>
> Thanks.
>
> Owen Davies