Concepts
Correlation
A statistical measure ranging from -1 to +1 that describes how closely two assets' returns move together; +1 means perfect lockstep, -1 means opposite directions, 0 means no linear relationship.
A statistical measure ranging from -1 to +1 that describes how closely two assets' returns move together; +1 means perfect lockstep, -1 means opposite directions, 0 means no linear relationship.