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 
 GBPCAD   0.460377 
 USDCAD   0.447372 
 GBPUSD   0.421720 
 EURCAD   0.408478 
 GBPSGD   0.404950 
 CHFSGD   0.398615 
 GBPCHF   0.332366 
 AUDNZD   0.297755 
 GBPNZD   0.248122 
 USDHKD   0.245258 
 GBPJPY   0.225333 
 EURSEK   0.217283 
 USDNOK   0.201856 
 EURNOK   0.199795 
 GBPAUD   0.174748 
 NZDCAD   0.165271 
 USDZAR   0.157648 
 EURNZD   0.147436 
 USDNZD   0.140320 
 USDCNH   0.120143 
 AUDCHF   0.119212 
 USDSEK   0.113154 
 AUDUSD   0.111180 
 USDMXN   0.062081 
 
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