How to Calculate the Correlation Coefficient A simple calculation method is to use what's known as the Pearson correlation coefficient calculator, named after the English mathematician Karl Pearson.

Calculating the correlation coefficient is time-consuming, so data is often plugged into a calculator, computer, or statistics program to find the coefficient.

You can calculate the correlation coefficient to find the correlation between any two variables, whether they are market indicators, stocks, or anything else that can be tracked numerically.

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Jun Shao, Hansheng Wang, Sample Correlation Coefficients Based on Survey Data under Regression Imputation, Journal of the American Statistical Association, Vol. 97, No. 458 (Jun., 2002), pp. 544-552 ...

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