Which Two Indices Had the Highest Correlation Between Them During

question 51

Multiple Choice

Which two indices had the highest correlation between them during the 2008-2012 period?

• A) S&P and DJIA; the correlation was 0.979
• B) S&P and Russell 2000; the correlation was 0.948
• C) DJIA and Russell 2000; the correlation was 0.908
• D) S&P and NASDAQ 100; the correlation was 0.928
• E) NASDAQ 100 and DJIA; the correlation was 0.876

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Definitions:

Economic Indicators

Statistics and data points that are used to gauge the overall health and direction of an economy.

Nondefense Capital Goods

Products used by businesses to produce goods or services that are not intended for military use.

Supply Shock

An unexpected event that suddenly changes the supply of a product or commodity, resulting in an unexpected change in price.

Imported Oil

Oil that is produced outside of one's home country and brought in through international trade agreements for consumption or use.