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
Random variable
Standard deviation
 Related Terms
 Beta coefficient
Coefficient of correlation
Coefficient of determination
Coefficient of variation
Information coefficient
Serial correlation

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