Ep. 347: Kathryn Kaminski Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Correlation and Risk Management
It's such a big picture fascinating angle because whether it's eyeball correlation or crunching the correlation in Excel, you really do see some high correlations. Look, somebody might still have a fantastic performance, but then one of their peers might be head and shoulders above them. But over the long run what you see is that it varies depending on what happens in markets. It's very difficult to predict whether trends are going to come from correlated markets or if they're going to coming from individual markets.
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Transcript
