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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Major League Gaming was founded in 2002 by Mike Sespo and Sundance DiGiovanni. In 2006, MLG became the first televised video game console gaming league in the United States, with their Halo 2 Pro Series being broadcast by USA Network. It moved into the 3 Park Avenue sometime after its founding.