Correlation Matrices describe the correlation between two sets of variables. The values will always form a right triangle with the hypotenuse consisting of all 1.0 values showing full correlation. This Correlation Matrix shows the correlation between different real estate assets. The values will always be on a -1 to 1 scale. The closer the value is to 1, the greater the correlation exists between asset allocation. For instance, Private Equity and Real Estate have a 92% correlation showing a high similarity between asset allocation.
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