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Between 1980 and 1990, the standard deviation of the returns for the NIKKEI and the DJIA...

Between 1980 and 1990, the standard deviation of the returns for the NIKKEI and the DJIA indexes were 0.19 and 0.06, respectively, and the covariance of these index returns was 0.0014. What was the correlation coefficient between the two market indicators? (Answer format: 0.XXXX)

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4. correlation coefficient = covariance ( index 1 ,index 2) / ( standard deviation of index 1 * standard deviation of index 2) 7 correlation coefficient 0.1228 10

4 correlation coefficient = covariance ( index 1 ,i 2 correlation coefficient -0.0014/(0.19*0.06) 9

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