You can use several methods to calculate correlation in Excel. The correlation coefficient ranges from -1 to 1. Exactly 1 is considered perfect. It indicates that one security will move in the ...

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 ...

Calculating the correlation coefficient for these variables ... matrix across a range of data sets, Excel has a data analysis plugin. To use it, you must first enable the data analysis ToolPak.

Below, we'll run through the process of setting up a regression analysis using Excel ... coefficients indicate opposite direction of movement in most cases. The other key result is the correlation ...