How To Calculate Correlation for Stocks, Bonds and Funds

A key skill for any investor is to choose assets that diversify their portfolio. This is why correlation is important: if you don't know how correlated two assets are you won't know whether they diversify one another and reduce your portfolio risk or increase it. In this video, I show what correlation is and how to calculate it. To get the spreadsheet to help you get started, go here: https://pensioncraft.com/how-to-calcu... Sign up to our free weekly market roundup to get news and views about what's going on in the stock market and wider economy https://pensioncraft.com/market-roundup/ ✔️ If you want to learn more about investing, why not become a pensioncraft.com member? To find what we offer and how you can join our friendly community click here https://www.pensioncraft.com/investor... This is what else PensionCraft Offers: Book a Power Hour with Ramin so he can answer your questions in a one-to-one coaching session via a video call: https://pensioncraft.com/register/pow... Understand investment in more depth with my online courses https://pensioncraft.com/courses-we-o... Recommended PensionCraft YouTube Playlists There are many different types of investment strategies. In this playlist we look at a number of these so that you decide what is right for you.    • Investment Strategies   Bewildered by investment? Start with this playlist    • Investing for Beginners   Building blocks for your portfolio    • Portfolio Building Blocks   If you like our content and want us to continue to produce it, you can support us with a one-off payment here https://paypal.me/pensioncraft