An Alternative Approach to Visualizing Stock Market Correlation Matrices- An Empirical study of forming portfolios that contain only small numbers of stocks using both existing and newly discovered visualization methods
The core of stock portfolio diversification is to pick stocks from different correlation clusters when forming portfolios. The result is that the chosen stocks will be only weakly correlated with each other. However, since correlation matrices are high dimensional, it is close to impossible to deter...
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| Language: | en |
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University of Canterbury. Economics and Finance
2014
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| Online Access: | http://hdl.handle.net/10092/9649 |