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.

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.

How to Use the CORREL Function in Excel . Now that you understand what the CORREL function does and how to prepare your data, let's walk through an example to see how the CORREL f ...

We find that the Digital Assets Bitcoin and Ethereum show variable correlation of return coefficients with traditional assets ...