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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
 GBPJPY   0.366901 
 GBPUSD   0.380793 
 USDSGD   0.381817 
 EURCHF   0.390224 
 USDRUB   0.400859 
 GBPCHF   0.415170 
 USDCAD   0.452025 
 GBPCAD   0.503178 
 EURCAD   0.534747 
 EURRUB   0.541305 
 GBPSGD   0.545223 
 NZDCAD   0.634415 
 AUDCAD   1.000000 
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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