Welcome to Correlation of the Week!
We know you all have barely been able to contain yourselves due to the lack of correlations since it’s been almost a month since the last edition and we apologize for this. All we hope is that we haven’t lost you to other correlation clubs as they’re all the rage these days (the Correlation Committee has nothing on us!). Hopefully we can move past this together with a fresh new relationship that is guaranteed to reinvigorate your passion for correlations and even help you get through Thanksgiving dinner with family! So without further ado, the stock price of Carter’s and the strength of the Jordanian Dinar over the Swiss Franc was 64% correlated from May through September of this year! That’s 151 days of daily data being interconnected! The Jordanian Dinar and Swiss Franc are among the strongest currencies in the world with 1 Dinar being about $1.41 US Dollar. One Swiss Franc is about as valuable as $1 US Dollar. The strength of the Dinar has fallen in September so with a bit of luck it picks back up to drive up the price of Carter’s stock!
If you have a suggestion or feedback, we’d love to hear it! If you know of anyone who would like to be added, please let us know!