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   0.925568 
 GBPUSD   0.920651 
 NZDUSD   0.918199 
 GBPSGD   0.869171 
 NZDCAD   0.852566 
 AUDNZD   0.828474 
 AUDCHF   0.824114 
 EURUSD   0.814661 
 GBPCHF   0.803784 
 NZDCHF   0.790043 
 GBPCAD   0.766084 
 AUDJPY   0.751176 
 GBPJPY   0.745719 
 BTCUSD   0.734409 
 NZDJPY   0.672709 
 EURCHF   0.486039 
 CADCHF   0.374593 
 GBPNZD   0.299985 
 CADJPY   0.257231 
 EURJPY   -0.001302 
 CHFJPY   -0.235736 
 EURCAD   -0.326273 
 GBPAUD   -0.509579 
 EURRUB   -0.638756 
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 ©2008-2020 All rights reserved.
Best viewed in