Statistics: measure of correlation between two variables multiplied by its standard deviation.Finance: Tendency of two variables to move together. A positive covariance indicates that the assets' return move jointly while negative covariance indicates that it moves inversely. This measure is used to determine the degree of diversification of a portfolio.
Browse by Subjects
See All Related Terms »
process cost report
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):