The degree to which two variables are correlated. That is, covariance is the measure of how much two variables are related to one another. It is important in security analysis to determine how much or how little price movements in two companies or industries are connected.
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The Steam platform is considered to be the largest digital distribution platform for PC gaming; in November 2009, Stardock estimated it at 70% and then later, in October 2013, it was estimated by Screen Digest that 75% of games bought online were downloaded through Steam.