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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
 GBPNZD   -0.683580 
 GBPAUD   -0.590437 
 EURNZD   -0.530297 
 GBPUSD   -0.493115 
 USDNZD   -0.468754 
 BTCUSD   -0.358605 
 AUDNZD   -0.340487 
 EURAUD   -0.302754 
 GBPCHF   -0.272952 
 EURUSD   -0.235580 
 CADCHF   -0.213330 
 USDAUD   -0.207774 
 GBPSGD   -0.181433 
 GBPCAD   -0.108970 
 EURRUB   -0.002072 
 USDRUB   0.078525 
 EURCHF   0.202862 
 AUDUSD   0.208410 
 USDDKK   0.226973 
 USDEUR   0.235473 
 USDCHF   0.269582 
 EURCAD   0.286392 
 AUDCHF   0.317218 
 EURGBP   0.351708 
 USDCAD   0.394322 
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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