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
 GBPAUD   -0.882809 
 USDAUD   -0.872412 
 GBPNZD   -0.821299 
 USDRUB   -0.765288 
 USDNZD   -0.748423 
 GBPSGD   -0.705547 
 EURAUD   -0.687443 
 GBPCAD   -0.684212 
 USDCAD   -0.674544 
 EURNZD   -0.647833 
 USDSGD   -0.632205 
 EURRUB   -0.621844 
 BTCUSD   -0.617200 
 USDEUR   -0.559210 
 USDDKK   -0.558410 
 USDCHF   -0.357181 
 GBPCHF   -0.272625 
 USDGBP   -0.062781 
 EURCAD   -0.047527 
 GBPUSD   0.058338 
 AUDNZD   0.060221 
 CADCHF   0.491288 
 USDJPY   0.513416 
 GBPJPY   0.548399 
 EURUSD   0.561770 
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