Correlation Coefficient
A measure that determines the degree to which two variable's movements are associated.
The correlation coefficient is calculated as:
Investopedia Says:
The correlation coefficient will vary from -1 to +1. A -1 indicates perfect negative correlation, and +1 indicates perfect positive correlation. Related Terms:
Autocorrelation
Coefficient of Variation
Copula
Correlation
Covariance
Information Coefficient - IC
Pearson Coefficient
Statistically Significant |