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

  Period, days
 AUDCAD   1.000000 
 AUDUSD   0.841767 
 NZDCAD   0.833325 
 AUDCHF   0.818305 
 BTCUSD   0.756223 
 NZDUSD   0.701355 
 NZDCHF   0.634760 
 AUDJPY   0.629419 
 NZDJPY   0.568742 
 EURCAD   0.508550 
 EURUSD   0.423474 
 AUDNZD   0.293729 
 EURCHF   0.276177 
 EURGBP   0.259694 
 EURJPY   0.254695 
 EURRUB   0.199840 
 CHFJPY   0.160931 
 USDGBP   0.042470 
 CADJPY   0.013935 
 USDJPY   -0.000819 
 USDCAD   -0.011493 
 GBPJPY   -0.040995 
 GBPUSD   -0.049984 
 GBPCAD   -0.060927 
 USDRUB   -0.103739 
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.

Disclaimer - Privacy Policy - Cookie Use Policy - FAQ - Contact Us
Copyright ©2008-2019 All rights reserved.
Best viewed in