Business / Finance / Serial Covariance: The covariance between a variable and the lagged value of the variable; the same as autocorrelation. MORE

Business / Finance / Correspondent: A standardized statistical measure of the dependence of two random variables, defined as the covariance divided by the standard deviations of two variables. MORE

Business / Finance / Covenants: A statistical measure of the degree to which random variables move together. A positive covariance implies that one variable is above (below) its mean value when the other variable is above (below) it MORE

Business / Finance / Portfolio Variance: Weighted sum of the covariance and variances of the assets in a portfolio. MORE

Business / Finance / Magic Of Diversification: The effective reduction of risk (variance) of a portfolio, achieved without reduction to expected returns through the combination of assets with low or negative correlations (covariances). Related: Ma MORE

Business / Finance / Country Economic Risk: Covariance of a national economy's rate of return and the rate of return of the world economy divided by the variance of the world economy. MORE