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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As of 2009, China is the largest market for online games. The country has 368 million Internet users playing online games and the industry was worth US$13.5 billion in 2013. 73% of gamers are male, 27% are female.