Q: Hello 5i research
Do you think JPM and RY are correlated with the market even that one is in the USA and the other is in Canada?
Thank w
Do you think JPM and RY are correlated with the market even that one is in the USA and the other is in Canada?
Thank w
5i Research Answer:
Generally, they are. While once in a while the US and Canadian economies diverge for a short period, they are still very closely correlated. JPM has many strengths, and the banking sector in Canada is essentially an oligopoly, which helps RY. RY is also the largest Canadian bank and thus closer in size to JPM than other banks.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in JPM.