Would you say that correlation between the assets is, Financial Management

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Would you say that correlation between the assets is

Suppose that you hold a portfolio of three assets: wholesale store Costco, Russian oil company Lukoil, and an exchange traded fund (ETF) that specializes in gold.

Would you say that correlation between the assets is positive or negative? Explain.

Would you agree that adding a stock from a cosmetics industry will increase the portfolio risk? Why or why not?

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Financial Management: Would you say that correlation between the assets is

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