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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
 BTCUSD   -0.635000 
 CADJPY   -0.504874 
 CADCHF   -0.436267 
 USDGBP   -0.381229 
 EURGBP   -0.343046 
 USDEUR   -0.240490 
 USDDKK   -0.214786 
 CHFJPY   -0.173894 
 NZDJPY   -0.105913 
 NZDUSD   -0.068805 
 USDJPY   -0.065011 
 USDAUD   -0.037156 
 NZDCHF   -0.026877 
 AUDJPY   0.002203 
 AUDUSD   0.042818 
 USDCHF   0.071577 
 USDNZD   0.073834 
 EURAUD   0.114705 
 AUDCHF   0.121056 
 EURNZD   0.183900 
 GBPAUD   0.207681 
 EURJPY   0.230125 
 EURUSD   0.238996 
 GBPNZD   0.240641 
 AUDNZD   0.269437 
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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