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minyanville.com - 8/6/2009

Sector Correlation Climbs to a New High

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Editor's Note: This is a guest post by Don Fishback of Don Fishback's Market Report.One-month correlation among the 9 large stock-market sectors reached the highest level since the data became available in 1997. The high correlation is similar to what we saw in October 2008 and March 2009 when ...

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donfishback.com - 8/13/2009

In Depth: Correlation | Don Fishback's Market Update

— donfishback.com — Statistical Correlation Correlation: In statistics, it’s the degree to which two or more variables show a tendency... to move relative to each other. In finance, it’s the tendency of two or more securities, sectors or asset classes to move together. ... (more) In Depth: Correlation | Don Fishback's Market Update

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Comments vote downundo vote up Abnormal Returns found this 8/13/2009found this

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Together we fall, together we rise
FT Alphaville — We know correlations between sectors and asset classes have been intensifying across markets. What we find really interesting, however, is just how dramatic those correlations now appear. As Don Fishback over at Minyanville points out (our emphasis): One-month correlation among the 9 large stock-market sectors reached the highest level since the data became available in 1997. The high correlation is similar to what we saw in October 2008 and March 2009 when everything went down together. Only this time, everything has been going up together. The key word in those 2 sentences ...