covariance Definition
a measure of how much two random variables change together, used especially in statistics.
Using covariance: Examples
Take a moment to familiarize yourself with how "covariance" can be used in various situations through the following examples!
Example
The covariance between the height and weight of the students was positive.
Example
In finance, covariance is used to measure the risk of a portfolio.
Example
Covariance is an important concept in multivariate analysis.
covariance Synonyms and Antonyms
Synonyms for covariance
Summary: covariance in Brief
Covariance [ˌkəʊvərˈeɪriəns] is a statistical measure of how much two random variables change together. It is often used to measure the relationship between two variables, such as height and weight or stock prices. Covariance is an important concept in multivariate analysis and finance, where it is used to measure the risk of a portfolio.
