Sankhyā: The Indian Journal of Statistics (1933-1960), Vol. 5, No. 2, Proceedings of the Indian Statistical Conference 1940 (1941), pp. 151-156 (6 pages) ...
Correlation coefficients are indicators of the strength of the linear relationship between two different variables, x and y. A linear correlation coefficient that is greater than zero indicates a ...
Correlation coefficients range from -1 to +1, indicating the strength of relationships between variables. Investors use correlation coefficients for portfolio diversification to reduce risk.