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Terms

  1. Home
  2. Terms
  3. Mathematical Topics
  4. Statistics
  5. Correlation

Correlation

Parent term
Statistics

Correlations tracks how closely two data series follow each other over time

More about Correlation

Mentioned by the Following

Entities

ARK Fintech Innovation ETF
Absolute Return Partners
Alcentra
AlphaCat Managers
Alphadyne Asset Management
Astellon Capital Partners
Aurum
Bracebridge Capital
Bronte Capital Management
Cambria Investment Management
Capula Investment Management
Chi-Rho Financial
Chowning Group
Gluskin Sheff
Graham Capital Management
HBK Capital Management
Headwaters Solutions LP
Kepos Capital
Laureola Advisors
LibreMax Capital
Ninety One
Solus Alternative Asset Management
Stanford Management Company
Tallbacken Capital Advisors
UBS O'Connor
Weiss Multi-Strategy Advisers
Worm Capital

People

Adam Blitz
Ariel Santos-Alborna
Dieter Rentsch
Edward Thorp

Publications

Capital Ideas
Hedged Alpha Strategy
Mathematics and Statistics for Financial Risk Management
Naked Statistics
That Doesn’t Work Anymore
The Little Book of Hedge Funds

Strategies

Diversification

Terms

Fixed Income Terms
Individual Stock
Modern Portfolio Theory

Experts

Adam Blitz

Ariel Santos-Alborna

Dieter Rentsch

Edward Thorp

Child Terms

Notes

  • Expressed as a number called r^2 (r squared)
  • Ranges from -1.00 to 1.00
  • High absolute numbers = Larger correlation
  • Positive r^2 = positive correlation
  • Negative r^2 = negative correlation

Warnings and Disclaimers

The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated an there is no obligation to update any such information.

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