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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

  Period, days
 USDSGD   -0.523460 
 USDDKK   -0.525278 
 EURNZD   -0.599537 
 GBPSGD   -0.602228 
 USDRUB   -0.647524 
 EURRUB   -0.667909 
 USDNZD   -0.718808 
 USDCAD   -0.724602 
 GBPCAD   -0.726317 
 GBPNZD   -0.833007 
 EURAUD   -0.869037 
 GBPAUD   -0.881704 
 USDAUD   -0.912912 
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.

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