Challenge Question

1. Use either the Market Insight database (http://www.mhhe.com/edumarketinsight) or Yahoo! Finance (http://finance.yahoo.com) to download daily prices for five U.S. stocks for a recent 12-month period. For each stock construct a scatter diagram of successive returns as in Figure 13-2 (69.0K) . Then calculate the correlation between the returns on successive days. Do you find any consistent patterns?

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