BENCHMARK FOR CORRELATION VALUES
A reference point selected by an investment fund to compute correlation values such as the coefficient of determination "r2," the coefficient of correlation "r" and beta. These correlation values signify the rate to which the fund's execution is associated to its market (using the point of reference as an alternate for the market). A high equivalence to its reference point is mainly regarded to be in good effect for the fund if their investment assumptions carefully pursue the benchmark.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |


