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In the present paper, we discuss the Pearson, Spearman, Kendall correlation coefficients and their statistical analogues. We propose a new correlation coefficient r and its statistical analogue. The coefficient r is based on Kendal's and…

Statistics Theory · Mathematics 2024-05-28 Alexei Stepanov

Pearson's correlation is an important summary measure of the amount of dependence between two variables. It is natural to want to generalise the concept of correlation as a single number that measures the inter-relatedness of three or more…

Methodology · Statistics 2020-03-06 Benjamin M. Taylor

Not a matter of serious contention, Pearson's correlation coefficient is still the most important statistical association measure. Restricted to just two variables, this measure sometimes doesn't live up to users' needs and expectations.…

Mathematical Finance · Quantitative Finance 2024-02-02 Reza Salimi , Kamran Pakizeh

Little attention has been given to the correlation coefficient when data come from discrete or continuous non-normal populations. In this article, we consider the efficiency of two correlation coefficients which are from the same family,…

Methodology · Statistics 2015-11-06 Michael Tsagris , Ioannis Elmatzoglou , Christos C. Frangos

Besides the classical distinction of correlation and dependence, many dependence measures bear further pitfalls in their application and interpretation. The aim of this paper is to raise and recall awareness of some of these limitations by…

Methodology · Statistics 2020-04-17 Björn Böttcher

The quotient correlation is defined here as an alternative to Pearson's correlation that is more intuitive and flexible in cases where the tail behavior of data is important. It measures nonlinear dependence where the regular correlation…

Statistics Theory · Mathematics 2008-12-18 Zhengjun Zhang

In the present paper, we propose a new rank correlation coefficient $r_n$, which is a sample analogue of the theoretical correlation coefficient $r$, which, in turn, was proposed in the recent work of Stepanov (2025b). We discuss the…

Statistics Theory · Mathematics 2025-06-10 Alexei Stepanov

The Pearson product-moment correlation coefficient (rp) and the Spearman rank correlation coefficient (rs) are widely used in psychological research. We compare rp and rs on 3 criteria: variability, bias with respect to the population…

Methodology · Statistics 2024-08-29 J. C. F. de Winter , S. D. Gosling , J. Potter

This paper introduces a causation coefficient which is defined in terms of probabilistic causal models. This coefficient is suggested as the natural causal analogue of the Pearson correlation coefficient and permits comparing causation and…

Methodology · Statistics 2017-08-18 Joshua Brulé

In this paper we propose a class of weighted rank correlation coefficients extending the Spearman's rho. The proposed class constructed by giving suitable weights to the distance between two sets of ranks to place more emphasis on items…

Statistics Theory · Mathematics 2020-01-22 M. Sanatgar , A. Dolati , M. Amini

Through computer simulations, we research several different measures of dependence, including Pearson's and Spearman's correlation coefficients, the maximal correlation, the distance correlation, a function of the mutual information called…

Methodology · Statistics 2023-03-16 Oona Rainio

Is it possible to define a coefficient of correlation which is (a) as simple as the classical coefficients like Pearson's correlation or Spearman's correlation, and yet (b) consistently estimates some simple and interpretable measure of the…

Statistics Theory · Mathematics 2020-04-30 Sourav Chatterjee

A prescription is presented for a new and practical correlation coefficient, $\phi_K$, based on several refinements to Pearson's hypothesis test of independence of two variables. The combined features of $\phi_K$ form an advantage over…

Methodology · Statistics 2019-03-12 M. Baak , R. Koopman , H. Snoek , S. Klous

Pearson's r, the most widely-used correlation coefficient, is traditionally regarded as exclusively capturing linear dependence, leading to its discouragement in contexts involving nonlinear relationships. However, recent research…

Other Statistics · Statistics 2024-10-15 Xinbo Ai

Measuring the correlation (association) between two random variables is one of the important goals in statistical applications. In the literature, the covariance between two random variables is a widely used criterion in measuring the…

Methodology · Statistics 2018-10-30 Majid Asadi , Somayeh Zarezadeh

It is an important inferential problem to test no association between two binary variables based on data. Tests based on the sample odds ratio are commonly used. We bring in a competing test based on the Pearson correlation coefficient. In…

Methodology · Statistics 2019-12-25 Mohammad Alfrad Nobel Bhuiyan , Michael J Wathen , M Bhaskara Rao

In the present paper, we first discuss the Kendall rank correlation coefficient. In continuous case, we define the Kendall rank correlation coefficient in terms of the concomitants of order statistics, find the expected value of the Kendall…

Statistics Theory · Mathematics 2015-07-07 Alexei Stepanov

Pearson's correlation is one of the most common measures of linear dependence. Recently, Bernardo (2015) introduced a flexible class of priors to study this measure in a Bayesian setting. For this large class of priors we show that the…

Statistics Theory · Mathematics 2017-05-01 Alexander Ly , Maarten Marsman , Eric-Jan Wagenmakers

Kendall rank correlation coefficient is used to measure the ordinal association between two measurements. In this paper, we introduce the Concordance coefficient as a generalization of the Kendall rank correlation, and illustrate its use to…

Methodology · Statistics 2020-11-13 Juan Francisco Monge

Pearson's $\rho$ is the most used measure of statistical dependence. It gives a complete characterization of dependence in the Gaussian case, and it also works well in some non-Gaussian situations. It is well known, however, that it has a…

Statistics Theory · Mathematics 2018-09-28 Dag Tjøstheim , Håkon Otneim , Bård Støve
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