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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

Symbol
  Period, days
 
 SymbolCorrelation
 AUDCAD   1.000000 
 NZDCAD   0.906546 
 AUDCHF   0.788994 
 GBPCAD   0.746081 
 NZDCHF   0.740675 
 EURCAD   0.731064 
 AUDUSD   0.712697 
 AUDJPY   0.692830 
 GBPUSD   0.631290 
 GBPCHF   0.599331 
 GBPSGD   0.592322 
 USDRUB   0.585583 
 NZDJPY   0.556096 
 USDCAD   0.537329 
 GBPJPY   0.526215 
 AUDNZD   0.519403 
 EURCHF   0.438562 
 NZDUSD   0.427598 
 USDCHF   0.414885 
 GBPNZD   0.392854 
 GBPAUD   0.271820 
 USDEUR   0.187119 
 USDJPY   0.178783 
 USDDKK   0.172787 
 CADCHF   0.155781 
 
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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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