Portfolio R2 - Used in the context of general equities. Number between 0 and 1 that measures the strength of correlation of movement between the portfolio/stock and the index. Indeed, the R2 is the square of the correlation. For hedging purposes, the higher the R2 the better.
Portfolio R2 : used in the context of general equities. number between 0 and 1 that measures the strength of correlation of movement between the portfolio/stock and the index. indeed, the r2 is the square of the correlation. for hedging purposes, the higher the r2 the better.
Portfolio R2