Correlation of two stocks calculator
The correlation table is a two-dimensional matrix that shows the correlation coefficient between pairs of securities. The cells in the table are color-coded to highlight significantly positive and negative relationships. The Macroaxis Correlation Table is a table showing correlation coefficients between stocks, funds, ETFs, or cryptocurrencies. What is Correlation Coefficient indicator and how it is used in the stock market? Investopedia defines this indicator as a measure the degree of correlation between two stocks. The value of the coefficient varies from -1 to +1. For pairs trading, we should choose a pair of different stocks with positive correlation. correlation coefficient calculator, formula, tabular method, step by step calculation to measure the degree of dependence or linear correlation between two random samples X and Y or two sets of population data, along with real world and practice problems.