Uptown Markets Stock Has a Standard Deviation of 16

question 25

Multiple Choice

Uptown Markets stock has a standard deviation of 16.8 percent and a covariance with the market of .0178.The market has a standard deviation of 13.6 percent.What is the correlation of this stock with the market?

• A).74
• B).78
• C).87
• D).89
• E).91

---

Definitions:

Industrial Nations

Industrial nations are countries characterized by a developed industrial sector, significant technological advancements, and a high standard of living.

Drug Abuse

Drug abuse is the misuse or excessive use of chemical substances, especially illicit drugs, leading to adverse effects on an individual's health, behavior, or society.

Punitive Strategy

Approaches that focus on punishment as a method to deter crime and correct deviant behavior, often criticized for their effectiveness and ethical implications.

Illegal Drugs

Substances whose production, sale, or possession is prohibited by law.