The degree of relationship between two sets of data. A correlation near plus 1, called a positive correlation, indicates that changes in one set of data are closely related to changes in the other set and that the data sets change in the same direction. A correlation near minus 1, called negative correlation, indicates that changes in one set of data are closely related to changes in the other set and that the data sets change in the opposite direction. A correlation near zero indicates little or no relationship between the changes in the two sets of data. American Banker Glossary
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Statistical measure of the degree to which the movements of two variables ( stock/ option/convertible prices or returns) are related. Bloomberg Financial Dictionary
See: correlation coefficient. Bloomberg Financial Dictionary
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A statistical tool that measures the degree to which two variables move together. A correlation of 1 means that the two variables move together exactly, while a correlation of -1 means that the variables move in exactly the opposite direction from each other.
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correlation UK US /ˌkɒrəˈleɪʃən/ noun [C or U]
► a connection between two or more things, especially when one of them causes or influences the other: correlation between sth and sth »
The research aims to identify if there is a correlation between corporate reputation and profits.
correlation with sth »Does the way workers feel they are perceived by their employers have a correlation with ambition?
a clear/close/direct correlation »Expenditure on training has a clear correlation with productivity.
low/little/no correlation »Stocks do not respond to rate changes in the same way as bonds do, so there is little correlation between stock and bond value with respect to interest rates.
Financial and business terms. 2012.