Narayan, Seema; Ur Rehman, Mobeen; Ren, Yishuai; Ma, Chaoqun - In: Financial innovation : FIN 9 (2023) 1, pp. 1-26
Using negative to low-correlated assets to manage short-term portfolio risk is not uncommon among investors, although the long-term benefits of this strategy remain unclear. This study examines the long-term benefits of the correlation strategy for portfolios based on the stock market in Asia,...