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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 
 AUDUSD   0.969158 
 AUDJPY   0.933298 
 AUDCHF   0.931763 
 GBPJPY   0.920724 
 GBPUSD   0.912429 
 GBPCHF   0.893488 
 NZDCAD   0.888810 
 NZDUSD   0.886767 
 NZDJPY   0.878519 
 NZDCHF   0.870363 
 CADJPY   0.820686 
 EURJPY   0.818254 
 CHFJPY   0.795122 
 CADCHF   0.761855 
 EURCHF   0.756014 
 GBPCAD   0.747279 
 USDJPY   0.716283 
 GBPSGD   0.683436 
 USDCHF   0.511800 
 EURUSD   0.418822 
 AUDNZD   -0.271501 
 USDDKK   -0.383828 
 USDEUR   -0.418139 
 GBPNZD   -0.469562 
 
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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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