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   0.906704 
 AUDCHF   0.790453 
 GBPCAD   0.744150 
 USDRUB   0.740798 
 NZDCHF   0.739504 
 AUDUSD   0.713538 
 AUDJPY   0.693199 
 EURCAD   0.673927 
 GBPUSD   0.630218 
 GBPCHF   0.599510 
 GBPSGD   0.594211 
 NZDJPY   0.553071 
 AUDNZD   0.547020 
 USDCAD   0.535015 
 GBPJPY   0.523547 
 EURCHF   0.427162 
 NZDUSD   0.419535 
 USDCHF   0.418606 
 GBPNZD   0.396234 
 EURRUB   0.317574 
 GBPAUD   0.266123 
 USDEUR   0.211514 
 USDDKK   0.197398 
 USDJPY   0.175268 
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