A Correlation Matrix is a statistical visualization that organizes pairs of variables by correlation. Correlation is the strength of the relationship between the two variables. When it is necessary to examine the correlation between more than one pair of variables in a single analysis, a correlation matrix is often utilized. The correlation matrix shows all possible paired correlations symmetrically. This correlation matrix represents the relationships between various investment markets to assist investors diversify by highlighting highly correlated funds.
No comments:
Post a Comment