Two correlated random variables

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Charles
Charles on 1 Mar 2016
Commented: Charles on 2 Mar 2016
I want a formula to generate two random variables X and Y that are correlated with a certain rho and distributed (0, 1). The formula provided by all the sources I saw is (a few are provided below) is:
rho = 0.9; %for example
x = rand(); X = x;
y = rand();
Y = rho*X + sqrt(1-rho^2)*y;
However, the Y values generated are not distributed between 0 and 1 (however, the corelation is correct). Please see the attahced image. Does anyone have a better formula? Thanks.
https://www.quantstart.com/articles/Generating-Correlated-Asset-Paths-in-C-via-Monte-Carlo
  4 Comments
Charles
Charles on 2 Mar 2016
Thank you for your time and detailed response. I think I wrongly interpreted/modelled the system. Your response helped with the understanding of my data. Thanks.

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