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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

  Period, days
 AUDCAD   1.000000 
 NZDCAD   0.946513 
 NZDUSD   0.930085 
 AUDUSD   0.922224 
 CHFJPY   0.887347 
 EURUSD   0.881787 
 NZDJPY   0.871578 
 AUDJPY   0.827117 
 NZDCHF   0.815029 
 AUDCHF   0.739071 
 EURJPY   0.735260 
 GBPUSD   0.632930 
 CADJPY   0.535947 
 GBPJPY   0.493676 
 EURCHF   0.393018 
 EURCAD   0.390607 
 BTCUSD   0.377177 
 EURGBP   0.292314 
 EURRUB   0.167845 
 GBPSGD   0.060551 
 GBPCHF   0.058093 
 CADCHF   0.051656 
 GBPCAD   0.042523 
 USDJPY   -0.039530 
 AUDNZD   -0.276740 
38 rows returned

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.

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