The degree to which two variables are correlated. That is, covariance is the measure of how much two variables are related to one another. It is important in security analysis to determine how much or how little price movements in two companies or industries are connected.
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In 2014, the largest independent eSports brand, Electronic Sports League, partnered with the local eSports brand Japan Competitive Gaming to try and grow eSports in the country. In 2013, it was estimated that approximately 71,500,000 people worldwide watched competitive gaming.