correlation coefficient
noun
: a number or function that indicates the degree of correlation between two sets of data or between two random variables and that is equal to their covariance divided by the product of their standard deviations
Example Sentences
Recent Examples on the Web The 90-day correlation coefficient of Bitcoin and the tech gauge now stands above 0.68, the highest such reading in Bloomberg data going back to 2010. 
Vildana Hajric, Fortune, 10 May 2022 The 90-day correlation coefficient of the coin and a basket of non-profitable tech stocks now stands above 0.60, the highest such reading on record. Vildana Hajric, Fortune, 18 Apr. 2022 Bitcoin has, as of late, sung the tune of the stock market, with the 100-day correlation coefficient of the coin and the S&P 500 now standing at 0.44. Emily Graffeo, Fortune, 7 Jan. 2022 That’s a lot to risk on a 0.14 correlation coefficient. Brad Federman, Forbes, 15 June 2021 The table below shows the correlation coefficient between Biden’s support and the share of people in a county reporting certain ancestries—only those reported by at least 2 million people are included. Dan Kopf, Quartz, 19 Nov. 2020 This time, the correlation coefficient between the actual ranking and prediction maintained accuracy up to about four months into the future. Billboard Japan, Billboard, 28 Sep. 2020 By examining dual polarized radar images, correlation coefficient values produced for returning echoes can be applied to separate biological phenomena from the meteorological. Rick Steelhammer, chicagotribune.com, 22 Sep. 2019 The correlation coefficient between the Chinese currency and the region’s stocks rose to 47 percent this week. Washington Post, 19 Sep. 2019 See More
Vildana Hajric, Fortune, 10 May 2022 The 90-day correlation coefficient of the coin and a basket of non-profitable tech stocks now stands above 0.60, the highest such reading on record. Vildana Hajric, Fortune, 18 Apr. 2022 Bitcoin has, as of late, sung the tune of the stock market, with the 100-day correlation coefficient of the coin and the S&P 500 now standing at 0.44. Emily Graffeo, Fortune, 7 Jan. 2022 That’s a lot to risk on a 0.14 correlation coefficient. Brad Federman, Forbes, 15 June 2021 The table below shows the correlation coefficient between Biden’s support and the share of people in a county reporting certain ancestries—only those reported by at least 2 million people are included. Dan Kopf, Quartz, 19 Nov. 2020 This time, the correlation coefficient between the actual ranking and prediction maintained accuracy up to about four months into the future. Billboard Japan, Billboard, 28 Sep. 2020 By examining dual polarized radar images, correlation coefficient values produced for returning echoes can be applied to separate biological phenomena from the meteorological. Rick Steelhammer, chicagotribune.com, 22 Sep. 2019 The correlation coefficient between the Chinese currency and the region’s stocks rose to 47 percent this week. Washington Post, 19 Sep. 2019 See More Word History
First Known Use
1895, in the meaning defined above