Chart for .NET / User's Guide / Data Manipulation / Functions / Statistical Functions / Correlation

In This Topic
    Correlation
    In This Topic
     Syntax
    CORRELATION(values1; values2)
     Arguments
    The 'values1' and 'values2' arguments must be arrays.
     Result
    The result is a single value.
     Description

    Correlation indicates the strength and direction of a linear relationship between two random variables.

    The correlation is 1 in the case of an increasing linear relationship, -1 in the case of a decreasing linear relationship, and some value in between in all other cases, indicating the degree of linear dependence between the variables. The closer the coefficient is to either -1 or 1, the stronger the correlation between the variables. If the two variables are completely independent their correlation is zero.

     Related Examples
    Windows Forms: All Examples\Data Manipulation\Functions\Financial\Technical Price Indicators

     

     

    © Nevron Software LLC. All rights reserved. Send Feedback.