We measure daily the relationship between stock performance and various factors. Last week, the factor with the highest relationship was the Euro. Below are all our factors and the coefficient of determination relating to 1 day and 1 week performance.
Stocks with the highest correlation to the Euro were the worst performers last week. The decile of the MSCI World index with the least correlation to the Euro was up 1.5% last week while the decile with the highest correlation was down 2.7% last week.
