Calculating the correlation coefficient is time-consuming, so data is often plugged into a calculator, computer, or statistics program to find the coefficient.

Correlation analysis between asset classes can also be done effectively. By leveraging Excel’s capabilities, investors can make informed decisions, manage risk, and optimize returns.

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An Excel pie chart displays categories of data as wedges in a circular graph. This format allows users to quickly see the contribution each category makes to the total figure and a correlation of ...