MarketInOut Stock Screener 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 
 NZDCAD   0.963535 
 AUDUSD   0.895336 
 AUDHKD   0.885682 
 NZDUSD   0.879998 
 NZDHKD   0.871606 
 NZDSGD   0.811442 
 AUDSGD   0.779519 
 EURUSD   0.760600 
 GBPUSD   0.743536 
 EURHKD   0.721309 
 EURSGD   0.716773 
 GBPHKD   0.706392 
 EURCAD   0.691342 
 GBPCAD   0.657910 
 NZDJPY   0.652786 
 NZDCHF   0.606353 
 CHFHKD   0.571192 
 AUDJPY   0.492740 
 TRYJPY   0.475175 
 GBPSGD   0.458487 
 SGDHKD   0.437440 
 EURHUF   0.374081 
 AUDCHF   0.354897 
 EURJPY   0.232590 
 
77 rows returned
1
2
3
4
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 ©2008-2021 MarketInOut.com. All rights reserved.