MarketInOut Stock Screener 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
 USDSGD   -0.938889 
 USDNZD   -0.931489 
 USDAUD   -0.923753 
 USDDKK   -0.872801 
 EURNZD   -0.869286 
 GBPAUD   -0.868642 
 USDEUR   -0.867506 
 GBPNZD   -0.840720 
 EURAUD   -0.835061 
 USDCHF   -0.806569 
 USDCAD   -0.696986 
 USDGBP   -0.578675 
 USDRUB   -0.520038 
 AUDNZD   -0.297493 
 USDJPY   -0.042938 
 CADCHF   -0.027554 
 GBPCHF   -0.008189 
 GBPSGD   0.004375 
 GBPCAD   0.036517 
 EURRUB   0.225593 
 EURCHF   0.281730 
 EURGBP   0.290381 
 BTCUSD   0.290955 
 EURCAD   0.388244 
 GBPJPY   0.430285 
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 ©2008-2020 All rights reserved.
Best viewed in