Correlation matrix:

Correlation:

  • Positive correlation: A positive correlation will hold maximum value of 1. This means the two variables will be moving up or down in the same direction all together.
  • Negative correlation: A negative correlation will hold minimum value of -1. This means the two variables will always move in the opposite directions.
  • Zero or no correlation: A correlation of zero means there is not any relationship between the two variables. In other words, as one variable moves, the other variable’s movement will be in the unrelated direction.

Correlation coefficients:

  • Pearson correlation:
  • Spearman correlation:
  • Kendall correlation:

Correlation matrix:

Conclusion:

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