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FGI Scatter Graph
Posted On 27 Jul 2011
In this graph the FGI is plotted on the vertical axis and one year forward returns of the nifty are plotted on the horizontal axis. This set of data points are taken from 1st Jan 1999 till 1st July 2011. The pattern of dots slopes from the top left to the bottom right, thus suggesting a negative correlation. In other words, this graph shows that higher the FGI the lower the expected one year forward returns.
