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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
 GBPNZD   -0.683510 
 GBPAUD   -0.590408 
 EURNZD   -0.529502 
 GBPUSD   -0.492830 
 USDNZD   -0.470039 
 BTCUSD   -0.360147 
 AUDNZD   -0.341657 
 EURAUD   -0.302155 
 GBPCHF   -0.272776 
 EURUSD   -0.232360 
 CADCHF   -0.213330 
 USDAUD   -0.208443 
 GBPSGD   -0.180460 
 GBPCAD   -0.108472 
 EURRUB   -0.002824 
 USDRUB   0.077041 
 EURCHF   0.202862 
 AUDUSD   0.209070 
 USDDKK   0.224005 
 USDEUR   0.232669 
 USDCHF   0.267713 
 EURCAD   0.286901 
 AUDCHF   0.316613 
 EURGBP   0.351708 
 USDCAD   0.393681 
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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