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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Mohegan Sun, located in Uncasville, Connecticut, is one of the largest casinos in the United States, with 364,000 square feet (33,800 square meters) of gaming space.n January 25, 2005, Mohegan Sun acquired its first gaming venture outside of Connecticut with its $280 million purchase of the Pocono Downs Racetrack in Plains Township, Pennsylvania from Penn National Gaming. Mohegan Sun renamed the property Mohegan Sun at Pocono Downs and began a major expansion.