Stock Screener - US Stocks, Forex and ETFs Please enable JavaScript to view this page content properly  
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 
 EURUSD   0.747041 
 AUDUSD   0.743754 
 EURRUB   0.739213 
 EURCAD   0.714713 
 AUDNZD   0.557982 
 USDRUB   0.455052 
 NZDCAD   0.361493 
 EURGBP   0.325024 
 EURNZD   0.263795 
 NZDUSD   0.255404 
 CHFJPY   0.164576 
 GBPUSD   0.152710 
 GBPCAD   0.141106 
 AUDJPY   0.044469 
 GBPSGD   0.026942 
 AUDCHF   -0.004917 
 USDCAD   -0.018001 
 BTCUSD   -0.080556 
 GBPNZD   -0.096062 
 USDGBP   -0.147239 
 USDNZD   -0.256376 
 NZDJPY   -0.297213 
 EURJPY   -0.300791 
 EURAUD   -0.313457 
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