Stock Screener - US Stocks, Forex and ETFs
Please enable JavaScript to view this page content properly  
 Trader Tools
 Active Trading
 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  
 AUDCAD   1.000000 
 USDCAD   0.676569 
 AUDNZD   0.630555 
 USDCHF   0.561032 
 EURNZD   0.560853 
 USDJPY   0.544731 
 USDDKK   0.474816 
 SGDJPY   0.451491 
 USDSGD   0.438927 
 USDZAR   0.438192 
 USDMXN   0.436354 
 AUDJPY   0.418190 
 CHFJPY   0.406808 
 EURGBP   0.342282 
 EURJPY   0.337197 
 USDSEK   0.335306 
 AUDDKK   0.301075 
 AUDCHF   0.295765 
 EURCAD   0.156742 
 USDNOK   0.128921 
 AUDSEK   0.114664 
 AUDSGD   0.045636 
 USDHKD   0.000000 
 CADJPY   -0.018214 
 AUDNOK   -0.045552 
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