Dictionary
- Convertible Currency
- A currency that can be freely exchanged for another currency (and or gold) without special authorization from the central bank.
- Correction
- Any price reaction within the market leading to an adjustment by as much as one-third to two-thirds of the previous gain.
- Correction Wave
- A wave or cycle of waves moving against the current impulse trend's direction.
- Correlation Coefficient
- Degree to which two series of numbers plot as a straight line. A correlation coefficient of 1 (or -1) indicates that the two series of numbers plot exactly along a straight line.
- Country Risk
- General level of political, financial, and economic uncertainty in a country.