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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
 CADJPY   -0.947778 
 CADSGD   -0.941639 
 CHFJPY   -0.920556 
 CADCHF   -0.917097 
 CADHKD   -0.874328 
 EURJPY   -0.865511 
 GBPJPY   -0.833813 
 USDTRY   -0.744241 
 SGDJPY   -0.727710 
 EURSGD   -0.723932 
 EURTRY   -0.719693 
 GBPSGD   -0.704764 
 CHFHKD   -0.701940 
 HKDJPY   -0.696777 
 AUDJPY   -0.637026 
 USDJPY   -0.636254 
 ZARJPY   -0.625074 
 GBPAUD   -0.620571 
 NZDJPY   -0.592763 
 GBPHKD   -0.590008 
 GBPUSD   -0.563333 
 EURHKD   -0.475830 
 GBPNZD   -0.435962 
 EURUSD   -0.429801 
 EURAUD   -0.429296 
77 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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