What does a correlation coefficient closer to 0 signify?

A correlation coefficient closer to 0 indicates that there is no relationship at all between the two variables being measured. This means that changes in one variable do not predict changes in the other variable, suggesting a lack of association. The correlation coefficient ranges from -1 to +1, where values near -1 indicate a strong negative relationship, values near +1 indicate a strong positive relationship, and values around 0 demonstrate little to no correlation. Thus, a correlation coefficient that is very close to 0 reflects an absence of any meaningful linear relationship between the variables.