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From the South Pole, Polaris would appear directly overhead.
Covariance
A statistical measure that calculates the degree to which two variables move in relation to each other.
Correlation
The statistical measure of how two securities move in relation to each other, ranging from -1 to +1.
Risky Assets
Financial instruments that carry a higher degree of risk compared to risk-free assets, potentially leading to higher returns or losses.
Standard Deviation
Standard deviation is a measure of the dispersion or spread of a set of data points, often used in finance to gauge the volatility of an investment's return over time.
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