Stock Screener - US Stocks, Forex and ETFs Please enable JavaScript to view this page content properly Log In | Sign Up
 
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   0.888904 
 NZDCAD   0.867886 
 NZDCHF   0.807451 
 AUDUSD   0.755294 
 AUDNZD   0.678135 
 AUDJPY   0.662899 
 EURCAD   0.659580 
 EURCHF   0.638533 
 EURRUB   0.528613 
 USDRUB   0.502620 
 NZDUSD   0.502084 
 USDCHF   0.466750 
 NZDJPY   0.378574 
 CADCHF   0.360723 
 EURUSD   0.348386 
 GBPCHF   0.332131 
 USDSGD   0.281025 
 USDCAD   0.277682 
 GBPCAD   0.205215 
 GBPSGD   0.159664 
 EURGBP   0.135591 
 EURJPY   0.081875 
 GBPUSD   0.063345 
 USDGBP   -0.061041 
 
38 rows returned
1
2
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 - Privacy Policy - Cookie Use Policy - FAQ - Contact Us
Copyright ©2008-2020 MarketInOut.com. All rights reserved.
Best viewed in