The statistical relation between the two or more variables are called as correlation coefficient. If the coefficient is +1 then it indicates it is positive coefficient. If the coefficient is -1, then it is negative coefficient. The sample of correlation coefficient is calculated by dividing the value of covariance by the product of standard deviation x and y. The coefficient of correlation can be found using the sample correlation coefficient formula.

Where,

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The coefficient of correlations is an important parameter in finance. Find the coefficient of correlation using the sample correlation coefficient formula. Use our online calculator to find the results within a blink of eye.