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You can use several methods to calculate correlation in Excel. Understanding Correlation . The correlation coefficient ranges from -1 to 1. Exactly 1 is considered perfect.
The easiest way to calculate correlation is to use some kind of software, such as the =CORREL() function in Excel. You can perform the calculation without these tools, however.
The article How to Calculate Beta From Volatility and Correlation originally appeared on Fool.com. Try any of our Foolish newsletter services free for 30 days .
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How Can You Calculate Correlation Using Excel? - MSNYou can use several methods to calculate correlation in Excel. Understanding Correlation. The correlation coefficient ranges from -1 to 1. Exactly 1 is considered perfect.
The article How to Calculate Beta From Volatility and Correlation originally appeared on Fool.com. Try any of our Foolish newsletter services free for 30 days .
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