You are comparing five separate portfolios comprised of two stocks each that have varying characteristics. Which characteristic is most indicative of a diversified portfolio? The correlation between...

Extracted text: You are comparing five separate portfolios comprised of two stocks each that have varying characteristics. Which characteristic is most indicative of a diversified portfolio? The correlation between the two securities is equal to zero. The covariance of the two securities is equal to one. The correlation between the two securities is near zero. The correlation between the two securities is negative.