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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
 USDAUD   -0.919111 
 USDGBP   -0.917273 
 USDNZD   -0.912195 
 USDSGD   -0.906234 
 EURGBP   -0.783836 
 EURAUD   -0.782382 
 USDRUB   -0.781549 
 USDCAD   -0.779436 
 EURNZD   -0.721356 
 EURRUB   -0.675094 
 GBPAUD   -0.635517 
 USDEUR   -0.522728 
 USDDKK   -0.517930 
 EURCAD   -0.450486 
 USDCHF   -0.427347 
 USDJPY   -0.420924 
 CHFJPY   -0.241091 
 EURJPY   -0.013586 
 CADJPY   0.386419 
 CADCHF   0.475381 
 EURCHF   0.495222 
 EURUSD   0.523714 
 GBPNZD   0.528289 
 NZDJPY   0.629384 
 GBPJPY   0.691779 
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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