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Correlation
CorrelationStatistical measure of the degree to which the movements of two variables (stock/option/convertible prices or returns) are related. SIMILAR TERMS-------------------------------------- Correction Reverse movement, usually downward, in the price of an individual stock, bond, commodity, or index. Correio Braziliense Correio Braziliense is a Brazilian newspaper. Correio da Manha Correio da Manha is a Portuguese newspaper. Correio do Minho Correio do Minho is a Portuguese newspaper. Correlation coefficient A standardized statistical measure of the dependence of two random variables, defined as the covariance divided by the product of the standard deviations of two variables. Correo del Caroni Correo del Caroni is a newspaper in Ciudad Guayana, Venezuela. Correspondent A financial organization that performs services (acts as an intermediary) in a market for another organization that does not have access to that market. Correspondent bank Bank that accepts deposits of, and performs services for, another bank (called a respondent bank). Corriere della Sera Corriere della Sera is an Italian newspaper. CORRY AREA SCHOOLS Credit Union CORRY AREA SCHOOLS is a credit union with head office in CORRY, PA CORRY Credit Union CORRY is a credit union with head office in CORRY, PA PREVIOUS AND NEXT TERMS-------------------------------------- Corporate repurchase Active buying by a corporation of its own stock in the marketplace. Corporate tax view The argument that double (corporate and individual) taxation of equity returns makes debt a cheaper financing method. Corporate taxable equivalent Rate of return required on a par bond to produce the same after-tax yield to maturity that the quoted premium or discount bond would generate. Corporate trust The function of servicing and maintaining records for debt securities issued by a corporation. Correction Reverse movement, usually downward, in the price of an individual stock, bond, commodity, or index. Correlation Correlation coefficient A standardized statistical measure of the dependence of two random variables, defined as the covariance divided by the product of the standard deviations of two variables. Correspondent A financial organization that performs services (acts as an intermediary) in a market for another organization that does not have access to that market. Correspondent bank Bank that accepts deposits of, and performs services for, another bank (called a respondent bank). Cosigner A term referring to a person, other than the principal borrower, who signs for a loan. The cosigner(s) assumes equal liability for the loan. Cost The opposite of revenue. An expense that reflects the price of purchasing goods, services and financial instruments. A cash cost means that cash is given up today to the purchase. Also, the purchase price of an investment, which is compared to the sale proceeds to determine capital gain or loss. We thank you for using the Financial Dictionary to search for Correlation. If you have a better definition for Correlation than the one presented here, please let us know by making use of the suggest a term option. This definition of Correlation may be disputed by other professionals. Our attempt is to provide easy definitions on Correlation and any other medical topic for the public at large.
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