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Elevation is a balance between
Correlation
A statistical measure that describes the extent to which two variables change together, and thus how well one variable can predict the other.
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set, often used in financial metrics like WACC.
Standard Deviations
A measure of the dispersion or variation in a set of values, used to indicate volatility in financial markets.
Portfolio's Risk
The exposure to uncertainty and potential financial loss inherent in a portfolio, influenced by the volatility and correlation of its individual investments.
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