A -G, Advanced, Finance Knowledge, Fundamental Analysis, Glossary

Covariance Analysis

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Covariance is a statistical measure of the extent that 2 variables move together relative to their respective mean (or average) values.

A -G, Finance Knowledge, Glossary

Correlation Analysis

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Correlation is a measure of the strength of linear association between two variables or more variables of interest. We can measure the degree and direction of their linear association using correlation analysis. Read this article to learn more!