Covariance Calculator is a free online tool that displays the covariance of the two variables. BYJU’S online covariance calculator tool makes the calculation faster and it displays the covariance of the data in a fraction of seconds.
How to Use the Covariance Calculator?
The procedure to use the Covariance calculator is as follows:
Step 1: Enter the X and Y values separated by a comma in the respective input field
Step 2: Now click the button “Calculate Covariance” to get the result
Step 3: Finally, the covariance of the given data values will be displayed in the output field
What is Meant by the Covariance?
In Statistics, the covariance is a measure which shows how much two random variables are varied together. The covariance is similar to the variable, but the variance shows how much a single variable varies. In other words, the covariance is the property of the function, and it shows the degree in which the two variables are linearly associated. It is generally used in the portfolio theory, to calculate the directional association between the two asset prices.