Anti-Correlation Trend: Corporate Success Not Tied To National Success As Much

At one point in relative value investment analysis, using a sovereign region’s borders, particularly in Europe, was an assistant to determine stock selection, a Source Multi-asset research report noted. But in a world of increasingly border-less nations and global trade pacts, is considering a corporation's sovereign region the best method for stock selection?

A nation's economic fate was at one point intertwined with stock success to a larger degree

In the past a number of different stock correlation analysis methods using sovereign region were popular. Determining the nation’s likelihood to prosper and then assuming a positive correlation to regional stocks...