How to Calculate the Correlation Coefficient A simple calculation method is to use what's known as the Pearson correlation coefficient calculator, named after the English mathematician Karl Pearson.

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Calculate R-squared in Microsoft Excel by creating two data ranges to correlate. Use the correlation formula to correlate both sets of data, or x and y.

This article explains the significance of linear correlation coefficients for investors, how to calculate covariance for stocks, and how investors can use correlation to predict the market.

Reviewed by Thomas J. Catalano Fact checked by Vikki Velasquez You can calculate the correlation coefficient to find the correlation between any two variables, whether they are market indicators ...

Discover how to accurately calculate beta in stocks, with comprehensive definitions and examples, empowering you to make the most informed trading decisions ...

When making large, frequent bets, calculate optimal position sizing if you can, based on the expected payout and your estimate of the correlation between past/expected returns and future returns.

The coefficient of determination is used in statistical analysis to assess how well a model explains and predicts future outcomes. It's more commonly known as r-squared.