What is the meaning of Cluster analysis?

Cluster analysis is a statistical technique that identifies clusters of stocks whose returns are highly correlated within each cluster and relatively uncorrelated across clusters. Cluster analysis has identified groupings such as growth, cyclical, stable, and energy stocks.

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APABarry Goldsmith. (2010). cluster analysis. Retrieved September 21, 2026, from http://smartdefine.org/cluster_analysis/definitions/1150056
ChicagoBarry Goldsmith. 2010. "cluster analysis" http://smartdefine.org/cluster_analysis/definitions/1150056 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, cluster analysis, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/cluster_analysis/definitions/1150056>.
MLABarry Goldsmith. "cluster analysis" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/cluster_analysis/definitions/1150056>