Good diversificationOverlapping area represents the amount of risk that can be diversified away by holding ASOS and equity matching NYA index in the same portfolio.
ASOS Diversification Suggestion
Use ASOS to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of ASOS to be traded at 72.17 in 30 days
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