Stock Screener - US Stocks, Forex and ETFs Please enable JavaScript to view this page content properly Log In | Sign Up
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
 AUDCAD   1.000000 
 NZDCAD   0.632917 
 GBPSGD   0.546138 
 EURRUB   0.544156 
 EURCAD   0.536453 
 GBPCAD   0.504511 
 USDCAD   0.454607 
 GBPCHF   0.418298 
 USDRUB   0.402908 
 EURCHF   0.396748 
 USDSGD   0.384523 
 GBPUSD   0.380834 
 GBPJPY   0.368974 
 AUDNZD   0.274740 
 GBPNZD   0.244260 
 EURUSD   0.238615 
 EURJPY   0.233244 
 GBPAUD   0.210319 
 EURNZD   0.188388 
 AUDCHF   0.119448 
 EURAUD   0.118259 
 USDNZD   0.078366 
 USDCHF   0.074438 
 AUDUSD   0.038807 
 AUDJPY   -0.000274 
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.

Disclaimer - Privacy Policy - Cookie Use Policy - FAQ - Contact Us
Copyright ©2008-2019 All rights reserved.
Best viewed in