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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
 GBPJPY   0.364303 
 USDSGD   0.378139 
 GBPUSD   0.379864 
 EURCHF   0.390575 
 USDRUB   0.398787 
 GBPCHF   0.414553 
 USDCAD   0.449418 
 GBPCAD   0.500925 
 EURCAD   0.532301 
 EURRUB   0.538421 
 GBPSGD   0.542406 
 NZDCAD   0.636514 
 AUDCAD   1.000000 
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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