S. Jones, Jeffrey; Kincaid, Brian - In: Managerial Finance 40 (2014) 1, pp. 33-50
Purpose – This paper aims to examine the relationship between the correlation among the 30 stocks in the Dow Jones Industrial Average and overall returns on the broader market from 1950 to 2008. Design/methodology/approach – The paper computes historical correlation of the 30 stocks in the...