post hoc ergo propter hoc

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Related to Coincidental correlation: Post hoc fallacy
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Noun1.post hoc ergo propter hoc - the logical fallacy of believing that temporal succession implies a causal relation
logical fallacy - a fallacy in logical argumentation
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The advantage of staying ahead for clients relies on innovation, which is not a coincidental correlation to the ETF industry's progression.
What has happened and what will continue to happen is that people will be overly impressed by big data and make trades based on coincidental correlations that their computers find -- and they will pay a price.
Success developing advanced models will require teaming modelers with expert underwriters, actuaries and claims professionals who can distinguish meaningful causal relationships from coincidental correlations.