# Correlations

Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio managent, computed as the correlation coefficient which has a value that must fall between -1.0 and +1.0.

**Correlation is a statistic that measures the degree to which two variables move in relation to each other.**

With our correlation app;

* You can create and store multiple correlations 

<figure><img src="https://3315571876-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fa9DKqYOZWk2CHHmS2pYQ%2Fuploads%2Fhwsg13fwQba0sClgYnr4%2Fimage.png?alt=media&#x26;token=676d21c4-ae1f-41cb-855e-9b5cd1320590" alt=""><figcaption></figcaption></figure>

* Within a correlation, you can&#x20;
  * **Save**&#x20;
  * **Save As**
  * **Rename**
  * **Delete**
  * **Share with any KlickAnalytics member users**
  * **Ability to set custom dates to view the correlation matrix between your instruments**
  * **Ability to add multiple symbols to view their correlation matrix and much more.**

<figure><img src="https://3315571876-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fa9DKqYOZWk2CHHmS2pYQ%2Fuploads%2F3GlX1Dbd40CsaZW4wdjH%2Fimage.png?alt=media&#x26;token=31b7101c-0803-48fc-b5ea-ef9b5331d8a4" alt=""><figcaption></figcaption></figure>

<figure><img src="https://3315571876-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fa9DKqYOZWk2CHHmS2pYQ%2Fuploads%2Fj9V6y7rGtp3ycdtTrgs4%2Fimage.png?alt=media&#x26;token=12b6b3c1-87f4-4d1b-bd1d-fa3320d48a32" alt=""><figcaption></figcaption></figure>