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

Symbol
  Period, days
 
 SymbolCorrelation
 USDAUD   -0.851640 
 GBPAUD   -0.787597 
 EURAUD   -0.717269 
 EURRUB   -0.707856 
 GBPSGD   -0.646799 
 USDRUB   -0.641801 
 GBPUSD   -0.604249 
 GBPCAD   -0.460544 
 GBPJPY   -0.435459 
 NZDUSD   -0.428005 
 NZDJPY   -0.404440 
 CHFJPY   -0.329226 
 NZDCAD   -0.307450 
 NZDCHF   -0.228237 
 GBPCHF   -0.222826 
 EURUSD   -0.156885 
 GBPNZD   -0.026018 
 CADJPY   0.054822 
 EURCAD   0.079350 
 USDSGD   0.108967 
 EURJPY   0.119267 
 USDEUR   0.156674 
 USDDKK   0.169739 
 CADCHF   0.231468 
 USDJPY   0.271593 
 
38 rows returned
1
2
next

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 MarketInOut.com. All rights reserved.
Best viewed in