Investopedia / Lara Antal The correlation coefficient is a statistical measure of the strength of a linear relationship ... data points far outside the scatterplot of a distribution.

The correlation coefficients can be used to conduct a hypothesis test for the strength of evidence for the correlation between two variables of interest. Unlike Spearman’s correlation, Pearson’s ...

while the y-axis of the scatter plot represents the other. The correlation coefficient of the two variables is depicted graphically often as a linear line mapped to show the relationship of the ...