Technical Analysis of STOCKS & COMMODITIES
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V.9:12 (482-485) SIDEBAR: Explaining r by Jim Bianco, C.M.T.
ARTICLE SYNOPSIS...EXPLAINING r
Correlation analysis measures the degree of relationship between two variables. The correlation coefficient r is one popular
statistical index for this purpose. The values for r range between +1 to -1; a +1 reading indicates that the two va