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

Examples of correlation coefficient in a Sentence

Recent Examples on the Web

On a year-to-year basis (2024 vs. 2023), my overall park factors had a 0.67 correlation coefficient, virtually the same as the past two seasons. —Tony Blengino, Forbes, 11 Oct. 2024

Through the first nine months of 2024, the correlation coefficient between the daily moves of the S & P 500 and USO was 0.1, according to a CNBC calculation. —Jesse Pound, CNBC, 3 Oct. 2024

The correlation coefficient between someone's 30-day interest rating, and their average daily score, was r=0.70. —Neuroskeptic, Discover Magazine, 29 June 2013

The reliability of the neural responses to emotions was defined using the intraclass correlation coefficient (ICC). —Neuroskeptic, Discover Magazine, 24 May 2017

Lyvers et al did a survey study of 106 university students and found that alexithymia was correlated with the amount of caffeine consumed per day (p < 0.01, correlation coefficient r = 0.26). —Neuroskeptic, Discover Magazine, 18 Sep. 2014

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

Word History

First Known Use

1895, in the meaning defined above

Rhymes for correlation coefficient

• beneficent
• inefficient
• insufficient
• deficient
• efficient
• omniscient
• proficient
• sufficient