correlate at an average of 0.21 to each other, and 11 of the 28 pairs correlate at greater than 0.20. Five of the 28 correlate at greater than 0.40, and the maximum correlation is 0.81, between the equity hedge and event‐driven styles.
correlate at an average of 0.21 to each other, and 11 of the 28 pairs correlate at greater than 0.20. Five of the 28 correlate at greater than 0.40, and the maximum correlation is 0.81, between the equity hedge and event‐driven styles.