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 ...
Journal of the Royal Statistical Society. Series C (Applied Statistics), Vol. 40, No. 1 (1991), pp. 199-202 (4 pages) ...
Correlation coefficients range from -1 to +1, indicating the strength of relationships between variables. Investors use correlation coefficients for portfolio diversification to reduce risk.