I ran a logistic model to predict a YES/NO (equivalent to 0 or 1, that is a binary variable) through a stepwise selection (I have either categorical and numerical variables).
I was then asked to perform a "correlation/association" analysis between the dependent binary variable and the independent variables.
I used Cramer's V and Spearman correlation indexes and my result was that there is a low correlation (from to 0.1 to 0.4 maximum) between binary target variable and every independent variables.
Does it make sense to have such a low measure of correlation??
I thought I would have found high indexes of correlation :(