Assertion: correlation | /r/HasProperty | important
Facets:
value: very
type: DEGREE
value: in technical stock market analysis
type: LOCATION
value: in developing a prudent investing strategy
type: PURPOSE
Source sentences:
text: It also shows why correlation is important and so widely used in predictive modeling
text: However, the correlation between the activity of two stocks, or between a stock and the performance of a given index, sector or industry, can be a very important factor in developing a prudent investing strategy.
text: Correlation is a very important concept in technical stock market analysis, as it makes it possible to guess at the mechanics of price patterns.
text: Why correlation coefficient is so important and why we should use it in our analysis?
text: The correlation coefficient is an important concept.