noncorrelation

noun non·cor·re·la·tion \ ˌnän-ˌkȯr-ə-ˈlā-shən , -ˌkär- \

Definition of noncorrelation

:lack of correlation
  • Noncorrelation between two samples does not give any indication as to the relationship between them.
  • —Werner R. Gocht et al.
  • "The case that has really resonated with the largest private wealth firms is the strategic long-term case," said Jim Ross, senior managing director at State Street Global Advisors. "Gold is not always going to go up, but the focus of advisers has been the noncorrelation of the price of gold" to other assets in a portfolio.
  • —Paul Sullivan

First Known Use of noncorrelation

1868


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