Regression analysis is a quantitative tool that is easy to use and can provide valuable information on financial analysis and forecasting.

Learn how the correlation coefficient helps investors gauge relationships between variables, aiding in portfolio diversification and risk management strategies.

The correlation function will ask for two rows of data from two identical timeframes. Input, click ok and voila—correlation coefficient. The correlation coefficient is a number between 1 and -1.

The correlation coefficient measures how the performance of one instrument affects the performance of another: It varies between negative 1 and positive 1.

The distribution of the sample correlation coefficient is derived when the population is a mixture of two bivariate normal distributions with zero mean but different covariances and mixing proportions ...

Corrado Gini, Sur le coefficient de corrélation comme caractéristique du degré de la concordance, Revue de l'Institut International de Statistique / Review of the International Statistical Institute, ...