Correlation Tests. The correlation between 2 variables is found with the cor function. R 1 meaning perfect negative correlation where all points lie on the line and as one variable increases the other.
This value can range from 1 to 1. To test the relationship you must calculate the coefficient of correlation r or the coefficient of determination r 2. This tool to compute different kinds of correlation coefficients between two or more.
A positive indicates that if one variable increases the other increases also.
You can also view correlation matrix for common asset class etfs or test assets for autocorrelation and cointegration. Correlation tests correlation tests in xlstat. Correlation coefficient can be computed using the functions cor or cor test. A positive indicates that if one variable increases the other increases also.
