Contrasting with Western ETF investing, China's gold demand strengthened further on Tuesday according to the Shanghai premium, which reached a 4-month for the gap between Chinese and London bullion prices, offering new imports into gold's No.1 consumer market an incentive of nearly $37 per ...
In another example, if the correlation between the EUR/USD exchange rate and the USD/CHF exchange rate has a coefficient of -0.85, for every 100 points the EUR/USD moves up, the USD/CHF will move down by 85. Learn more about coefficients in CFI’sfinancial math course. Examples of Nega...
Year-to-date chart of BTC/USD, Nasdaq and gold with 90-day correlation coefficient. Source: TradingView According to the 90-day correlation coefficient, BTC is presently positively correlated to gold (0.58) and negatively correlated to tech stocks (-0.65). For most of this year, BT...
Crude oil is quoted in U.S. dollars (USD). Countries that import oil pay for it in the greenback. Similarly, those that export the commodity receive payment in USD. This system dates back to the early 1970s after the collapse of theBretton Woodsgold standard. This period saw the rise o...
Gold and Currencies In the financial world, correlation is the statistical measure of the relationship between two assets. Find out what are currency pair correlations. The correlation coefficient ranges from -1 to +1, sometimes expressed from -100 to 100. A correlation of +1 or 100 means ...
Examining the correlation between bitcoin price USD and other assets offers valuable insights into the market dynamics. While bitcoin may exhibit correlations with traditional assets in specific scenarios, its unique characteristics as a decentralized digital currency differentiate it from traditional financial...
Correlations between the world's most heavily traded commodities and currency pairs are common. For example, the Canadian dollar (CAD) is correlated tooil pricesdue to exporting, while Japan is susceptible to oil prices because it imports most of its oil. Similarly, Australia (AUD) and New Ze...
The Relationship Between Spot and Futures Index Contracts after the Introduction of Electronic Trading on the Johannesburg Stock Exchange The objective of this paper is to analyze the interrelationship between the all share, gold, and industrial indexes of the Johannesburg Stock Exchange and ... Owen...
Pal et al. [32] applied the cross-correlation test and MF-DCCA technique on the time series of gold, WTI and Brent crude oil and foreign exchange (USD/INR). They found significant cross-correlations between each pair of series. MF-DCCA method has also been used to study the multifractal...
1Flight-to-QualityandCorrelationbetweenCurrencyandStockReturnsOctober17,2012NYU-POLYJin-WanCho(KoreaUniv.)*Jung-HwaChoi(SeoulNationalUniv.)TaeyongKim(Morningstar,Korea)WoojinKim(SeoulNationalUniv.)2“StocksDown,exchangeratesup(weakerKRW)”MotivationSource:http://news.kbs.co.kr,postedon2011.02.10(16:35...