Comment. A surprisingly broad question. [This page](http://www.statistics4u.com/fundstat_eng/cc_corr_coeff_distri.html) shows simulation results for correlations of two independent standard uniform distributions. Results seem to differ greatly for various (especially small) numbers $n$ of pairs of points. Each histogram represents $100,000$ values of $r.$ [![enter image description here][1]][1] For normal data, of course, there is Fisher's work on the distribution of $r.$ (See [Wikipedia](https://en.wikipedia.org/wiki/Pearson_correlation_coefficient).) When you say 'average correlation', do you mean $E(r)$ or $E(|r|)?$ When you say 'maximum correlation', what sample sizes do you have in mind to keep the maximum below 1? To start: I hope you can specify a few cases of greatest interest (dimensions, sample sizes, uniform vs. normal vs. what other distributions?). Addendum per @whuber's Comment: Further experimentation. Five observations on each of five independent uniform variables. set.seed(906) n = 5; m = 5; u = runif(n*m) DTA = matrix(u, nrow=m) cor(DTA) [,1] [,2] [,3] [,4] [,5] [1,] 1.0000000 0.1957409 -0.8233160 -0.39093048 -0.62212314 [2,] 0.1957409 1.0000000 -0.1255770 0.62306226 -0.61205725 [3,] -0.8233160 -0.1255770 1.0000000 0.36625813 0.22424637 [4,] -0.3909305 0.6230623 0.3662581 1.00000000 0.08519501 [5,] -0.6221231 -0.6120572 0.2242464 0.08519501 1.00000000 max(abs(cor(DTA)-diag(5))) [1] 0.823316 Highest absolute correlation happens to be about $|r| \approx 0.82,$ between variables 1 and 3. Matrix plot shows all ${5 \choose 2}$ pairs---see center top row. (Max absolute correlations this high are not rare. Tried several runs before this one with `set.seed` to post.) pairs(DTA) [![enter image description here][2]][2] [1]: https://i.sstatic.net/OEYh6.png [2]: https://i.sstatic.net/lC9Xp.png