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Understanding Covariance and Its Properties

Covariance

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Min Hiung Chai
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0% found this document useful (0 votes)
10 views4 pages

Understanding Covariance and Its Properties

Covariance

Uploaded by

Min Hiung Chai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

26/12/2025, 10:31 Covariance | Brilliant Math & Science Wiki

Covariance

The covariance generalizes the concept of variance to multiple random variables. Instead of measuring the fluctuat
single random variable, the covariance measures the fluctuation of two variables with each other.

Contents
Definition

Calculation of the Covariance

Covariance - Properties
Covariance Matrix

References

Definition

Recall that the variance is the mean squared deviation from the mean for a single random variable X :

Var(X) = E[(X − E[X])2 ].

The covariance adopts an analogous functional form.

DEFINITION

The covariance Cov(X, Y ) of random variables X and Y is defined as

Cov(X, Y ) = E [(X − E[X])(Y − E[Y ])] .

Now, instead of measuring the fluctuation of a single variable, the covariance measures how two variables fluctuate
For the covariance to be large, both X − E[X] and Y − E[Y ] must be large at the same time or, in other words, ch
together.

Calculation of the Covariance

It is generally simpler to find the covariance by taking

Cov(X, Y ) = E[XY − E[X]Y − XE[Y ] + E[X]E[Y ]]


= E[XY ] − E[X]E[Y ].
​ ​

In other words, to compute the covariance, one can equivalently find E[XY ] (in addition to the means of X and Y )

TRY IT YOURSELF

Let X and Y be random variables such that Reveal the answ

P (X = 0, Y = −1) = 1/5
P (X = 0, Y = 1) = 1/5
P (X = 1, Y = −1) = 1/2
P (X = 1, Y = 1) = 1/10.

Find Cov(X, Y ).

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Similarly, one can find an expression in terms of variances:

Var(X + Y ) = E [(X + Y − E[X] − E[Y ])2 ]



= E[(X − E[X])2 ] + E[(Y − E[Y ])2 ] + 2E [(X − E[X])(Y − E[Y ])] ​

= Var(X) + Var(Y ) + 2Cov(X, Y ). ​

A generalized statement of this result is as follows.

THEOREM

Variance of a sum. Given random variables Xi , each with finite variance,


Var (∑ Xi ) = ∑ Var(Xi ) + 2 ∑ Cov(Xi , Xj ).


​ ​ ​ ​ ​ ​ ​

i i i<j

Covariance - Properties

The covariance inherits many of the same properties as the inner product from linear algebra. The proof involves
straightforward algebra and is left as an exercise for the reader.

THEOREM

Given a constant a and random variables X , Y , and Z , the following properties hold:

Cov(X, X) = Var(X) ≥ 0
Cov(X, Y ) = Cov(Y , X)
Cov(aX, Y ) = aCov(X, Y )
Cov(X, a) = 0
Cov(X + Y , Z) = Cov(X, Z) + Cov(Y , Z).

TRY IT YOURSELF

Given knowledge of Cov(W , Y ), Cov(W , Z), Cov(X, Y ), and Cov(X, Z), which of the
I, II, III, and IV
following can necessarily be computed?
I, III, and IV only
I. Cov(W + X, Y + Z)
I only
II. Cov(Y + Z, W + X)

III. Cov(W , X + Y + Z) I and II only

IV. Cov(W , X + Y + Z), if it known that W and X are independent I, II, and IV only

Reveal the answ

EXAMPLE

Let X and Y be random variables such that Var(X) = σ 2 and Y = aX , where σ and a are constants. Determin
Cov(X, Y ).

The inner product properties yield

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Cov(X, Y ) = Cov(X, aX) = Cov(aX, X) = aCov(X, X) = aσ 2 .

TRY IT YOURSELF

if X is a standard normal random variable and Y = 3X , what is Cov(X, Y )? Reveal the answ

As a result, the Cauchy-Schwarz inequality holds for covariances.

THEOREM

Cauchy-Schwarz inequality. Given random variables X and Y ,

[Cov(X, Y )]2 ≤ Var(X)Var(Y ).

One of the key properties of the covariance is the fact that independent random variables have zero covariance.

THEOREM

Covariance of independent variables. If X and Y are independent random variables, then Cov(X, Y ) = 0.

PROOF

If X and Y are independent, then E[XY ] = E[X]E[Y ] and therefore Cov(X, Y ) = 0. (Recall that E[XY ] =
E[X]E[Y ] is a simple consequence of the fact that P (X∣Y ) = P (X).)

EXAMPLE

Dependent variables with zero covariance. However, the converse is not in general true. As a simple example, su
that X is a standard normal random variable and that Y = X 2 . Notice that knowledge of X completely determin
which case X and Y are very clearly dependent. However, by symmetry it holds that

Cov(X, Y ) = E[XY ] − E[X]E[Y ] = 0.

A simple corollary is as follows.

THEOREM

Variance of the sum of independent variables. Given independent random variables Xi , each with finite variance

Var (∑ Xi ) = ∑ Var(Xi ).
​ ​ ​ ​

i i

PROOF

Since the Xi are independent, it must be the case that Cov(Xi , Xj )


​ ​ ​ = 0 for all i =
 j , and the result follows direc
the variance of a sum theorem.

Covariance Matrix

When dealing with a large number of random variables Xi , it makes sense to consider a covariance matrix whose m

entry is Cov(Xm , Xn ). ​ ​

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Since Cov(X, Y ) = Cov(Y , X), the covariance matrix is symmetric.

References

[1] DeGroot, Morris H. Probability and Statistics. Second edition. Addison-Wesley, 1985.

Cite as: Covariance. [Link]. Retrieved 10:05, December 8, 2025, from [Link]

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