Get instant live expert help with Excel or Google Sheets
“My Excelchat expert helped me in less than 20 minutes, saving me what would have been 5 hours of work!”

Post your problem and you'll get expert help in seconds

Your message must be at least 40 characters
Our professional experts are available now. Your privacy is guaranteed.

How to calculate covariance in Excel – Excelchat

We can use Excel to calculate almost everything we can think of. Many people do not know that they can use this package to calculate the covariance of a given series of data. Notice that covariance in Excel is a very important measure and one has to know how to find covariance in Excel. In this post, we shall look at how to do covariance in Excel.

Figure 1: Sample Covariance in Excel

Step-by-step guide on how to do covariance in Excel

Step 1: Prepare your data

You first need to prepare the data which you want to find covariance for. The data should be in two columns, X values and Y values.

Figure 2: Data for covariance in Excel

Step 2: Go to Data analysis

The next thing we need to do is go to the data analysis. To do this, simply click on the Data tab in the ribbon and select Data analysis.

Step 3: Choose Covariance

In the Data Analysis window that appears, select covariance and the click Ok.

Step 4: Input Range

Then next thing we need to do is to click on Input Range. Here, we shall now be required to select all the data for which we want to find covariance. Remember to include column heads if they are present.

Step 5: Output area

We now need to select the output area. This is where we shall have our covariance displayed. Usually, the best place to have the output is immediately after the data on the right.

Once we have selected where we want our covariance displayed, we just click Ok and we shall have our covariance.

Instant Connection to an Expert through our Excelchat Service

Most of the time, the problem you will need to solve will be more complex than a simple application of a formula or function. If you want to save hours of research and frustration, try our live Excelchat service! Our Excel Experts are available 24/7 to answer any Excel question you may have. We guarantee a connection within 30 seconds and a customized solution within 20 minutes.

Leave a Comment


Subscribe to

Get updates on helpful Excel topics

Subscribe to
Trusted by people who work at, Inc
Facebook, Inc
Accenture PLC
Siemens AG
The Allstate Corporation
United Parcel Service
Dell Inc