Dictionary of Business Terms: covariance
covariance
statistical term for the correlation between two variables multiplied by the standard deviation for each of the variables. A positive covariance indicates that the two variables tend to move up and down together; a negative covariance indicates that when one moves higher, the other tends to go lower.
Dictionary of Finance and Investment Terms: covariance
covariance
statistical term for the correlation between two variables multiplied by the standard deviation for each of the variables.
