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Use the graph below to answer the following questions:
-According to the graph, it could be said that on days 1-6:
Diversifiable Risk
The portion of an investment's risk that can be mitigated or eliminated through portfolio diversification.
Correlation Coefficient
A statistical measure that calculates the strength and direction of a linear relationship between two variables.
Covariance
A measure of how two variables move in relation to each other, used in finance to diversify portfolios and minimize risk.
Beta
A measure of a stock's volatility in relation to the overall market, indicating the level of risk associated with a particular investment.
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