A graphing calculator, such as a TI-84, can also be used to calculate the correlation coefficient. The following instructions are provided by Statology. Step 1: Turn on Diagnostics You will only ...

What Is the Correlation Coefficient? The correlation coefficient is a metric that measures the strength and direction of a relationship between two securities or variables, such as a stock and a ...

Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0. Correlation is a statistic that measures ...