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Correlation coefficient |
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Definition of Correlation coefficientCorrelation coefficientA standardized statistical measure of the dependence of two random variables, Correlation CoefficientA measure of the tendency of two variables to change values Correlation coefficientA statistic in which the covariance is scaled to a
Related Terms:coefficient of correlationa measure of dispersion that indicates the degree of relative association existing between two variables CorrelationSee: correlation coefficient. R squared (R^2)Square of the correlation coefficient proportion of the variability explained by the linear R squared (R^2)Square of the correlation coefficientthe proportion of the variability in one series that can be AutocorrelationThe correlation of a variable with itself over successive time intervals. Coefficient of determinationA measure of the goodness of fit of the relationship between the dependent and Information Coefficient (IC)The correlation between predicted and actual stock returns, sometimes used to coefficient of determinationa measure of dispersion that coefficient of variationa measure of risk used when the standard deviations for multiple projects are approximately correlation analysisan analytical technique that uses statistical input-output coefficienta number (prefaced as a multiplier CorrelationThe simultaneous change in value of two random numeric variables. Beta coefficientA measurement of the extent to which the returns on a given stock move with stock market.
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