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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
 EURCHF   0.291892 
 USDCHF   0.410361 
 USDCAD   0.412407 
 USDNZD   0.431686 
 EURNZD   0.446740 
 BTCUSD   0.575135 
 USDGBP   0.602909 
 AUDJPY   0.615537 
 EURGBP   0.632856 
 AUDNZD   0.645353 
 AUDCHF   0.665546 
 AUDUSD   0.852233 
 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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