Which one of the following statements is false?
The correlation coefficient has a value between +1.0 and -0.1
Diversification is the strategy for managing risk.
The initial issuing of shares, bonds, and other securities takes place in the primary market.
Fama French 3-factor model is used to perform technical analysis.
The false statement is:
Fama French 3-factor model is used to perform technical analysis.
The Fama French 3-factor model is actually used in asset pricing and investment management to explain stock returns. It is based on three factors: market risk, size, and value. Technical analysis, on the other hand, is a strategy used to predict future price movements based on historical price patterns and other market data.