New correlation coefficient accurately measures dependence between variables without assumptions.
A new coefficient of correlation has been developed that is simple, interpretable, and estimates the degree of dependence between variables. This coefficient is 0 when the variables are independent and 1 when one is a function of the other. It does not require any assumptions about the distributions of the variables. Previous coefficients only converge to 0 when variables are independent, but this new coefficient satisfies additional properties.