Skip to content
Free Excel Tutorials
  • Home
  • Excel For Beginners
  • Excel Intermediate
  • Advanced Excel For Experts

Data Analysis

  • Chart Axes in Excel
  • How to create Gauge Chart in Excel
  • Conditional Formatting Color Scales Examples in Excel
  • How to calculate correlation coefficient Correlation in Excel
  • Add Outline to Data in Excel

References

  • How to use Excel VLOOKUP Function
  • Vlookup Examples in Excel
  • Basic INDEX MATCH approximate in Excel
  • How to use Excel FORMULATEXT function
  • How to get address of first cell in range in Excel

Data Validations

  • Excel Data validation unique values only
  • Excel Data validation number multiple 100
  • Prevent invalid data entering in specific cells
  • Excel Data validation whole percentage only
  • Excel Data validation date in specific year

How to calculate correlation coefficient Correlation in Excel

by

Find out how to calculate correlation coefficient between two data arrays in Microsoft Excel through the CORREL function.

The correlation coefficient (a value between -1 and +1) tells you how strongly two variables are related to each other. We can use the CORREL function or the Analysis Toolpak add-in in Excel to find the correlation coefficient between two variables.

– A correlation coefficient of +1 indicates a perfect positive correlation. As variable X increases, variable Y increases. As variable X decreases, variable Y decreases.

– A correlation coefficient of -1 indicates a perfect negative correlation. As variable X increases, variable Z decreases. As variable X decreases, variable Z increases.

– A correlation coefficient near 0 indicates no correlation.

To use the Analysis Toolpak add-in in Excel to quickly generate correlation coefficients between multiple variables, execute the following steps.

1. On the Data tab, in the Analysis group, click Data Analysis.

Note: can’t find the Data Analysis button? Click here to load the Analysis ToolPak add-in.

2. Select Correlation and click OK.

3. For example, select the range A1:C6 as the Input Range.

4. Check Labels in first row.

5. Select cell A8 as the Output Range.

6. Click OK.

Result.

Conclusion: variables A and C are positively correlated (0.91). Variables A and B are not correlated (0.19). Variables B and C are also not correlated (0.11) . You can verify these conclusions by looking at the graph.

Post navigation

Previous Post:

VLOOKUP without #N/A error in Excel

Next Post:

Manipulating text strings using Left, Mid, Right, Len, Substitute in Excel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn Basic Excel

Ribbon
Workbook
Worksheets
Format Cells
Find & Select
Sort & Filter
Templates
Print
Share
Protect
Keyboard Shortcuts

Categories

  • Charts
  • Data Analysis
  • Data Validation
  • Excel Functions
    • Cube Functions
    • Database Functions
    • Date and Time Functions
    • Engineering Functions
    • Financial Functions
    • Information Functions
    • Logical Functions
    • Lookup and Reference Functions
    • Math and Trig Functions
    • Statistical Functions
    • Text Functions
    • Web Functions
  • Excel VBA
  • Excel Video Tutorials
  • Formatting
  • Grouping
  • Others

Logical Functions

  • How to use Excel XOR Function
  • OR function: Description, Usage, Syntax, Examples and Explanation
  • SWITCH function: Description, Usage, Syntax, Examples and Explanation
  • How to use Excel FALSE Function
  • TRUE function: Description, Usage, Syntax, Examples and Explanation

Date Time

  • How to get workdays between dates in Excel
  • Calculate date overlap in days in Excel
  • HOUR function: Description, Usage, Syntax, Examples and Explanation
  • How to calculate next day of week in Excel
  • How to calculate workdays per month in Excel

Grouping

  • Calculate conditional mode with criteria in Excel
  • Group numbers with VLOOKUP in Excel
  • If cell contains one of many things in Excel
  • Map text to numbers in Excel
  • How to randomly assign people to groups in Excel

General

  • How to increase by percentage in Excel
  • Check if multiple cells have same value with case sensitive in Excel
  • With vs Without Array Formula in Excel
  • Mark Workbook as Final in Excel
  • Subtotal by invoice number in Excel
© 2025 xlsoffice . All Right Reserved. | Teal Smiles | Abbreviations And Their Meaning