covariance
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
variance
correlation
See All Related Terms »

direct cost variance
bought ledger
cashless society
chose in action
petty cash voucher