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It is indicated by the symbol, ‘σ’. \)Coefficient of correlation = 0. 6- 11) + (16. With the help of the covariance formula, determine whether economic growth and SP 500 returns have a positive or inverse relationship. 2 ) = 6 {\displaystyle \mu _{X}=5(0. Negative covariance: The two given variables tend to move in inverse […]