Examples of using The correlation coefficient in English and their translations into Vietnamese
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The correlation coefficient between BRI and CPI for 2016 is .31.
If X andY are statistically independent(see Appendix A for the definition), the correlation coefficient between them is zero;
The correlation coefficient of a pair of assets changes wildly over time.
In the Forex market,correlation is used to help figure the correlation coefficient, which has a value ranging from -1 to +1;
The correlation coefficient is applied to finance and economics to track and better understand data.
We can use the CORREL function orthe Analysis Toolpak add-in in Excel to find the correlation coefficient between two variables.
Calculate and determine the correlation coefficient between the different variables.
Had the two numbers been perfectly correlated(both increased by the same percentage)then the correlation coefficient would have been exactly 1.
Yet the correlation coefficient of EUR/CAD and EUR/USD on one site is 63.3%- no periodicity named.
They can also help you in risk management,especially if you track the correlation coefficients over the daily, weekly, monthly and yearly timeframes.
The correlation coefficient(a value between -1 and +1) tells you how strongly two variables are related to each other.
The correlation coefficient is a powerful analysis tool, but it should also be used with other metrics and not in a vacuum.
For instance, if Yvonne wanted to see how the number of hours slept effected how tall she was when she woke up the next morning,she would surely find that there is no correlation, and the correlation coefficient would be 0.
On one website, the correlation coefficient for AUD/USD against NZD/USD, for example, ranges from 96.4% to 12.2% over a series of 5-minute intervals.
Investment banks, financial services companies,and even the federal reserve of the United States use the correlation coefficient to help track historical data in hopes that it can help to better predict and determine market trends.
The correlation coefficient for WTI oil(Reuters continuous contract) and the euro is, indeed, fairly high, at least much of the time and over long periods.
If a small business owner were to record and keep great data on his business the way Yvonne did on her sleep habits,he would be able to calculate and track the cause and effect or the correlation coefficient of many aspects in his business.
Net-net over this period, the correlation coefficient was below zero, even though there have been periods of simultaneous movements in both assets.
Definition: The correlation coefficient, also commonly known as Pearson correlation, is a statistical measure of the dependence or association of two numbers.
However, the value of the correlation coefficient decreases, for example,the correlation matrix for 1 year shows a decrease in the average value by 0.2.
The correlation coefficient of each pair of concepts is different from 1 in the reliability of 95%(P-Value value= 0.000) so the concepts achieve discriminant value.
Another site has the correlation coefficient ranging from 0.86 for one week and 0.88 for one year but numbers in the mid-60's for 1 month, 3 months, and 6 months.
The correlation coefficient has limited ability in predicting returns in the stock market for individual stocks, but it may have value in predicting the extent to which two stocks move in relation to each other.
The correlation coefficient formula is longer than most professionals want to calculate, so they typically use data sources that already give the output, or a mathematical calculator that can quickly deliver the correlation output when the data is given.
In modern societies, the correlation is generally positive but never perfect(the coefficient of correlation is always less than one).
MatchTemplate() function along with the normalized correlation coefficient as the method used.
As you can see, its correlation coefficient with the market is -0.30.