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 
 EURUSD   0.742275 
 AUDCHF   0.734451 
 AUDNZD   0.732236 
 EURSGD   0.709511 
 AUDUSD   0.696558 
 EURCHF   0.631081 
 EURCAD   0.611839 
 EURGBP   0.578257 
 EURNZD   0.509552 
 EURRUB   0.489919 
 EURDKK   0.467760 
 USDTRY   0.421563 
 CHFSGD   0.356442 
 CADCHF   0.342135 
 GBPCHF   0.287831 
 NZDCHF   0.285625 
 GBPUSD   0.225255 
 USDMXN   0.188599 
 USDCHF   0.187374 
 EURTRY   0.186649 
 NZDUSD   0.170219 
 USDZAR   0.165760 
 EURJPY   0.097351 
 EURSEK   0.095233 
 
55 rows returned
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