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Correlation of 0.25-0.5 being poor is very problem dependent.

For example, in difficult perceptual tasks ("can you taste which of these three biscuits is different" [one biscuit is made with slightly less sugar]), a correlation of 0.3 is commonplace and considered an appropriate amount of annotator agreement to make decisions.




Yes for certain things like statistical trading (assuming some kind of "nice" Gaussian-like distribution) where you have lots of trades and just need to be more right than wrong it's probably useful.

Not here though, where you are trying to prove a (near) equivalence.




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