What Are "the Number Of Points" In The Correlation Table? - Forex Forum

 
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> What Are "the Number Of Points" In The Correlation Table?
Arnaud Jeulin
post Jun 24 2008, 14:15
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Could you please explain what the 'points' are when calculating/looking at the correlation tables?

In Wikipedia we can read:
In probability theory and statistics, correlation, (often measured as a correlation coefficient), indicates the strength and direction of a linear relationship between two random variables. In general statistical usage, correlation or co-relation refers to the departure of two variables from independence.

In our correlation table, the two random variables are two pairs and the number of points is the number of data of each pairs.

Example: I want to calculate the hourly correlation during the last 24 hours between EURUSD and GBPUSD.
I'll select EURUSD and GBPUSD and the number of points will be 24.
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Arnaud Jeulin
post Jul 23 2008, 11:04
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This chart should be more clearly:

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kkk
post Oct 18 2008, 17:37
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Hi,

and what correlation formula you use to calculate the points?
Tkx.
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