hi any body help me to calculation about correlation in the code. for example EURUSD, USDCHF How much percentage correlated to each other.
Forum on trading, automated trading systems and testing trading strategies
Indicators: MFCS Currency Correlation Chart
Sergey Golubev, 2014.02.04 09:27
Australian Dollar Strongly Correlated to Gold, Silver, Steel Prices (based on this article)
View forex correlations to the SPDR Gold ETF Trust
(GLD), United States Oil Fund ETF (USO), SPDR Dow Jones Industrial
Average ETF Trust (DIA), UK FTSE 100 Index, and IShares Silver Trust ETF
Correlation of Currencies
Yiannis Michaelides, 2014.11.19 16:48
Some currency pairs tend to move together in the same direction.
Other currency pairs tend to move in opposite directions. Understanding
how currency pairs tend to move relative to one another can be used in a
number of different ways. It can be used to analyze how diversified
your Forex portfolio is and, indirectly, your risk profile. It can also
be used to understand how to enter into hedging trades.
Currency correlations measure how closely currency pair prices have (statistically) moved together in the past. Example of how some currencies are correlated with each other. Positively or Negatively
0.0 to 0.2 Very weak to negligible correlation 0.2 to 0.4 Weak, low correlation (not significant) 0.4 to 0.7 Moderate correlation 0.7 to 0.9 Strong, high correlation 0.9 to 1.0 Very strong correlation