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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
 EURAUD   -0.978761 
 USDAUD   -0.977884 
 USDSGD   -0.957336 
 USDNZD   -0.945381 
 EURNZD   -0.910144 
 BTCUSD   -0.869478 
 USDGBP   -0.736079 
 EURGBP   -0.622104 
 USDDKK   -0.610388 
 USDEUR   -0.577795 
 GBPAUD   -0.472911 
 USDCAD   -0.443415 
 USDRUB   -0.341777 
 GBPNZD   -0.200622 
 EURRUB   0.009176 
 EURCAD   0.247533 
 GBPSGD   0.371851 
 USDCHF   0.527324 
 EURUSD   0.578044 
 CHFJPY   0.609159 
 GBPCAD   0.616410 
 AUDNZD   0.726187 
 CADCHF   0.729212 
 GBPCHF   0.730139 
 GBPUSD   0.733859 
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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