JoC Index best for correlation
SINGAPORE - Simon Grose-Hodge, investment strategist at LGT Bank, heralded the use of the Journal of Commerce (JoC) Index over the Goldman Sachs Commodities Index for gauging correlation with currencies.
Speaking on correlations between foreign exchange and other asset classes at the FX Week Asia congress last Tuesday, Grose-Hodge noted the index provides a better indication of the correlation between commodity currencies such as the Canadian dollar and Norwegian krone than the CRB Index.
"The
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