Stock Screener - US Stocks, Forex and ETFs Please enable JavaScript to view this page content properly  
     
Forex Correlation Correlation Calculator  
Learning about forex correlation helps traders manage their portfolios more appropriately. Regardless of your trading strategy and whether you are looking to diversify your positions or find alternate pairs to leverage your view, it is very important to keep in mind the correlation between various currency pairs and their shifting trends

Symbol   Period, days  
 SymbolCorrelation
 AUDCAD   1.000000 
 AUDCHF   0.767137 
 AUDUSD   0.765633 
 AUDNZD   0.692239 
 AUDJPY   0.616278 
 USDTRY   0.521620 
 USDSEK   0.424229 
 USDEUR   0.420139 
 USDDKK   0.407986 
 EURTRY   0.375193 
 GBPCAD   0.316018 
 USDCAD   0.304010 
 GBPCHF   0.303525 
 GBPNZD   0.277482 
 AUDSGD   0.214051 
 USDCHF   0.202052 
 USDCNH   0.194467 
 EURSEK   0.165908 
 NZDCAD   0.133014 
 NZDCHF   0.119747 
 GBPUSD   0.111814 
 USDNZD   0.086401 
 GBPSGD   0.018056 
 GBPJPY   -0.049271 
 CHFSGD   -0.066047 
 
55 rows returned page: 1 2 3 [next]

Education Stock Correlation - Explanation
Correlation is the statistical measure of the relationship between two currency pairs. The correlation coefficient ranges between -1 and +1. A correlation of +1 implies that the two currency pairs will move in the same direction 100% of the time. A correlation of -1 implies the two currency pairs will move in the opposite direction 100% of the time. A correlation of zero implies that the relationship between the currency pairs is completely random. Correlations do not always remain stable and can even change on a daily basis. Correlation analysis can help you to diversify your positions. Imperfect correlation between two different currency pairs allows for more diversification and marginally lower risk.



Disclaimer - FAQ - Contact Us
Copyright ©2008-2017 Market In&Out. All rights reserved.
Best viewed in