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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
 USDNZD   -0.820259 
 EURNZD   -0.763290 
 GBPNZD   -0.723871 
 USDCHF   -0.699803 
 USDAUD   -0.678184 
 AUDNZD   -0.632897 
 USDDKK   -0.601133 
 GBPAUD   -0.558916 
 USDEUR   -0.553313 
 USDSGD   -0.551061 
 CADCHF   -0.509588 
 EURAUD   -0.486795 
 BTCUSD   -0.387773 
 EURCHF   -0.341286 
 GBPCHF   -0.308981 
 USDGBP   -0.138877 
 USDJPY   -0.135032 
 CADJPY   -0.116963 
 GBPSGD   -0.028742 
 AUDCHF   0.018882 
 GBPJPY   0.023959 
 USDCAD   0.061528 
 GBPUSD   0.136681 
 EURJPY   0.202809 
 EURGBP   0.205863 
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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