Stock Screener - US Stocks, Forex and ETFs
Please enable JavaScript to view this page content properly  
     
 Trader Tools
 Active Trading
 Investing
 Help
 Partners
 Site Search
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 
 AUDUSD   0.940309 
 AUDSEK   0.898483 
 AUDSGD   0.894866 
 AUDDKK   0.886860 
 AUDNZD   0.877579 
 AUDCHF   0.871822 
 NZDUSD   0.800065 
 AUDJPY   0.697467 
 EURHKD   0.696111 
 EURUSD   0.691156 
 EURDKK   0.616161 
 EURGBP   0.531897 
 NZDCHF   0.341102 
 GBPUSD   0.340472 
 USDHKD   0.318516 
 NZDSGD   0.300617 
 CADCHF   0.259200 
 NZDCAD   -0.085751 
 CHFSGD   -0.129617 
 CADJPY   -0.134592 
 EURSGD   -0.183655 
 NZDJPY   -0.273808 
 EURCHF   -0.283862 
 EURCAD   -0.303227 
 
51 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 ©2008-2014 Market In&Out. All rights reserved.
Best viewed in