Covariance
A measure of the degree to which returns on two investments move in tandem; a positive covariance means that investment returns move together, while a negative covariance means investment returns move inversely.
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A measure of the degree to which returns on two investments move in tandem; a positive covariance means that investment returns move together, while a negative covariance means investment returns move inversely.
Source: NCREIF | Date: 02 September 2025 | ID: D1023 | Version: 1