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The Pearson r “correlation coefficient” is a summary statistic that indicates both the strength and direction of the relationship between two variables It has a value of between ‐1 and +1 – Values less than zero (e.g ‐0.8) indicate a negative correlation – Values greater than zero (e.g. +0.8) indicate a positive correlation R graphics. Download Now. SaveSave R Code to Make Correlation Graph For Later. 0 ratings0% found this document useful (0 votes).Spearman's Rank Correlation Coefficient calculator that generates the Rs-value, its statistical significance level based on exact critical probabilty (p) values, the scatter graph and conclusion.