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

Symbol
  Period, days
 
 SymbolCorrelation
 CADCHF   -0.638607 
 EURNZD   -0.610726 
 CADJPY   -0.598096 
 AUDNZD   -0.581816 
 USDNZD   -0.514478 
 EURRUB   -0.490117 
 EURCHF   -0.396024 
 USDRUB   -0.364446 
 USDCHF   -0.212672 
 EURGBP   -0.165026 
 GBPNZD   -0.154611 
 USDGBP   -0.143164 
 USDSGD   -0.142540 
 EURAUD   -0.113540 
 AUDCHF   -0.109499 
 USDJPY   -0.082008 
 USDAUD   -0.081656 
 EURJPY   -0.075902 
 EURUSD   -0.024384 
 AUDJPY   0.009298 
 USDEUR   0.026181 
 USDDKK   0.036222 
 GBPCHF   0.058516 
 AUDUSD   0.083570 
 GBPJPY   0.084708 
 
38 rows returned
1
2
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 ©2008-2019 MarketInOut.com. All rights reserved.
Best viewed in