You can use several methods to calculate correlation in Excel. The correlation coefficient ranges from -1 to 1. Exactly 1 is considered perfect. It indicates that one security will move in the ...

The computing is too involved to do manually, and software, such as Excel, or a statistics program are tools used to calculate the coefficient. There are several methods to calculate correlation ...

To calculate the Pearson ... or a polychoric correlation coefficient. If you want to create a correlation matrix across a range of data sets, Excel has a data analysis plugin.

(Anyone who’s passed Statistics 101 doesn’t really need Excel to calculate correlation ... Input, click ok and voila—correlation coefficient. The correlation coefficient is a number between ...