TERM OF THE DAY CORRELATION Correlation, is a statistic that measures the degree to which two assets move in relation to each other.
Corerelation are of 2 types i.e:-
Positive & NegativePositive correlation means that as one security moves, either up or down, the other security moves in the same direction.
Negative correlation means that two assets move in opposite directions.
The correlation coefficient's values range between -1.0 and 1.0.
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