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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
 USDAUD   -0.857478 
 USDSGD   -0.855456 
 EURAUD   -0.794569 
 EURRUB   -0.743423 
 USDGBP   -0.708705 
 EURGBP   -0.684073 
 USDRUB   -0.664697 
 EURCAD   -0.387546 
 EURUSD   -0.304911 
 EURNZD   -0.277225 
 USDCAD   -0.224941 
 NZDCAD   -0.134205 
 BTCUSD   -0.124490 
 NZDUSD   -0.012221 
 USDNZD   0.010236 
 GBPAUD   0.257165 
 USDEUR   0.305577 
 USDDKK   0.377504 
 GBPNZD   0.524406 
 CHFJPY   0.539319 
 GBPSGD   0.571180 
 CADCHF   0.587569 
 USDCHF   0.607036 
 EURCHF   0.630771 
 NZDCHF   0.638894 
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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