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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: William Epstein who wrote (11393)5/25/1999 6:55:00 PM
From: Doug McKenzie-Mohr  Read Replies (1) of 27311
 
William:

A correlation of .65 suggests that one factor "may" be responsible for 42% of the variance in the other factor (.65 squared). Not quite as strong a relationship as you suggest since 58% of the variance is being explained by other factors. Doug
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