Crude Oil & Alt Energy: The Non-Relationship That Just Won’t Go Away
Charles Morand
The relationship – or lack
thereof – between oil prices and the performance of alt energy stocks
has been a long-time interest of mine. I discussed it last in late
March when I looked at correlations
between the daily returns of alt energy and fossil energy ETFs.
At the time, I found that only a weak relationship existed between the
two and that if someone wanted to make a thematic investment play on Peak
Oil, alt energy ETFs were not an
ideal way to do so.
