- Warning signals were flashing in European correlation levels prior to the European Central Bank's much-anticipated stimulus package at the end of last month; since the announcement, correlations have collapsed along with volatility levels in developed markets.
- February’s 0.11 correlation for the S&P Europe 350 was the lowest since at least 2007, and similar record-low correlations were recorded in the S&P SmallCap 600®, the S&P Emerging BMI and the S&P Developed Ex-U.S. LargeMidCap. Every single correlation measure was in the lowest quartile of its historic range.
- Dispersion in each market remains high relative to recent history.
FTSE Mondo Visione Exchanges Index:
S&P Dow Jones Indices Market Attributes: Correlation & Dispersion Index Dashboard
Date 02/03/2015
