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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âThere are 711 million PC gamers in the world today, thatâs one in ten people on the planet.â Itâs not clear as to where Skaugen got these statistics from but they certainly sound impressive.