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Investopedia / Lara Antal The correlation coefficient is a statistical measure of the strength of a linear relationship between two variables. Its values can range from -1 to 1. A correlation ...
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 ...
Correlation coefficients are indicators of the strength of the linear relationship between two different variables, x and y. A linear correlation coefficient that is greater than zero indicates a ...
Correlation coefficient measures the strength and direction of a linear relationship between two variables. It ranges from -1 to 1, where 1 indicates a perfect positive relationship and -1 ...
As supply increases, prices tend to fall, and vice versa. The correlation coefficient is how you'll typically get information about the correlations (negative or otherwise) between different things.
Input, click ok and voila—correlation coefficient. The correlation coefficient is a number between 1 and -1. A number close to 1 means two factors are positively correlated—they rise or fall ...
Interestingly, the correlation coefficient does appear to be rolling over, moving lower in each of the last 15 trading sessions. Historically speaking, the correlation coefficient has tended to ...
We can express correlation using a number known as the correlation coefficient, which can have several different applications in investing. A correlation coefficient is a number used to describe ...