HomeDefinitionsCompareDebt Correlation coefficientThe financial definition for Correlation coefficient:A standardized statistical measure of the dependence of two random variables, defined as the covariance divided by the standard deviations of two variables. Similar MatchesAutocorrelationAutocorrelationThe correlation of a variable with itself over successive time intervals. Sometimes called serial correlation. CorrelationCorrelationStatistical measure of the degree to which the movements of two variables (stoc../../finance-glossary/optio../../finance-glossary/convertible prices or returns) are related. See: Correlation coefficient. Correlation DimensionCorrelation DimensionAn estimate of the Fractal Dimension which measures the probability that two points chosen at random will be within a certain distance of each other, and examines how this probability changes as the distance is increased. White noise will fill its space since its components are uncorrelated, and its correlation dimension is equal to whatever dimension it is placed in. A dependent system will be held together by its correlations and retain its dimension whatever embedding dimension it is placed in, as long as it is greater than its fractal dimension. Further SuggestionsCorrelation IntegralClick to compare definitions of Correlation coefficient Click to view definitions beginning co |