The correlation coefficients of Chevron versus WTI, Brent, and Henry Hub natural gas prices stand at 0.67, 0.57, and 0.49, respectively.

Discover the meaning of a negative correlation coefficient, how it compares to other correlation coefficients, and examples of where they might appear.

The correlation function will ask for two rows of data from two identical timeframes. Input, click ok and voila—correlation coefficient. The correlation coefficient is a number between 1 and -1.

Since correlation doesn’t mean causation, the relationship between urbanisation and economic development is also complex.

How to Calculate the Correlation Coefficient A simple calculation method is to use what's known as the Pearson correlation coefficient calculator, named after the English mathematician Karl Pearson.