# Covariance

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## Definition of 'Covariance'

Covariance is a measure of how two variables are related to each other. It is a measure of how much the value of one variable changes when the value of the other variable changes.

Covariance is a statistical concept that is used in finance to measure the degree of dependence between two random variables. It is a measure of how much the value of one variable changes when the value of the other variable changes.

Covariance is a measure of how much two variables change together. It is calculated by taking the average of the product of the deviations of each variable from its mean.

Covariance is a measure of how much two variables change together. It is calculated by taking the average of the product of the deviations of each variable from its mean.

Covariance is a measure of how much two variables change together. It is calculated by taking the average of the product of the deviations of each variable from its mean.

Covariance is a statistical concept that is used in finance to measure the degree of dependence between two random variables. It is a measure of how much the value of one variable changes when the value of the other variable changes.

Covariance is a measure of how much two variables change together. It is calculated by taking the average of the product of the deviations of each variable from its mean.

Covariance is a measure of how much two variables change together. It is calculated by taking the average of the product of the deviations of each variable from its mean.

Covariance is a measure of how much two variables change together. It is calculated by taking the average of the product of the deviations of each variable from its mean.

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