Correlation

{
  "id": "MLC-T-INS-000987",
  "term": "Correlation",
  "field": "Insurance and risk management",
  "definition": "A statistical measure that describes the degree to which two or more variables move in relation to each other. In risk management, it quantifies the relationship between different risks or assets within a portfolio. A positive correlation means variables move in the same direction, while a negative correlation means they move in opposite directions, impacting diversification strategies.",
  "url": "https://mlchart.com/terminology/insurance/correlation/"
}