I am looking at hedge fund which has zero correlation to the equity markets, and a beta relative to the equity markets of 0.3. I am having a hard to reconciling these two statistics, what does this mean, intuitively?
These stats are based on 5 years of monthly returns. Strategy is quant...managed futures/market neutral equities.
For clarification, yes know how these stats are calculated. However they commonly point in the same direction, and this case is different, hence the confusion.
Submitted August 29, 2017 at 05:27PM by 412champyinz http://ift.tt/2x2hzHS
