The study to date has established a very high positive correlation of 0.86 (1.0 being a perfect correlation and 0 being none) between Shariah law-adherence and the call for violent Jihad.
Extensive research in 16 OECD countries has shown that there is a strong correlation between high female employment rates and large government cash transfers to families, generous replacement pay during parental leave, the availability of plenty of part-time work and lots of formal child care.
Past stock returns have ahighcorrelation with current advisor sentiment while current advisor sentiment has no value in forecasting future stock returns.
Some may argue that the present, wider high yield spread is a function of the low Treasury yields, but historically there has been little correlation between the spread-versus-Treasuries and nominal Treasury yields.