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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
 EURAUD   -0.872497 
 USDAUD   -0.871346 
 USDSGD   -0.869563 
 USDNZD   -0.853098 
 USDDKK   -0.634166 
 EURNZD   -0.619607 
 USDEUR   -0.609989 
 USDCHF   -0.598061 
 GBPAUD   -0.571613 
 USDCAD   -0.501301 
 GBPNZD   -0.441287 
 USDRUB   -0.336724 
 USDJPY   -0.299489 
 USDGBP   -0.170337 
 EURRUB   -0.140336 
 CADCHF   -0.123776 
 EURCHF   -0.109787 
 GBPCHF   -0.095874 
 GBPCAD   -0.057319 
 BTCUSD   -0.048041 
 GBPSGD   -0.020609 
 AUDNZD   0.033171 
 GBPJPY   0.066422 
 EURGBP   0.088279 
 EURCAD   0.089020 
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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