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Correlation coefficient

• A standardized statistical measure of the dependence of two random variables, defined as the covariance divided by the standard deviations of two variables.

• A measure of the degree of correlation or comovement between two series of numbers. The correlation coefficient can have a value from +1 (perfect positive correlation) to 1 (perfect negative correlation).

 
 Embedded terms in definition
 Correlation
Covariance
Random variable
Random
Series
Standard deviation
 
 Related Terms
 Beta coefficient
Coefficient of correlation
Coefficient of determination
Coefficient of variation
Correlation
Information coefficient
Serial correlation

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