Elvis Picardo is a regular contributor to Investopedia and has 25+ years of experience as a portfolio manager with diverse capital markets experience. Yarilet Perez is an experienced multimedia ...
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What Does a Negative Correlation Coefficient Mean?
Fact checked by Suzanne KvilhaugReviewed by Thomas J. CatalanoFact checked by Suzanne KvilhaugReviewed by Thomas J. Catalano A correlation coefficient is used in statistics to describe a pattern or ...
Correlation coefficients are indicators of the strength of the linear relationship between two different variables, x and y. A linear correlation coefficient that is greater than zero indicates a ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
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