In the study of the AGNs variability the search for possible relations
between the shape of the spectral energy distribution and the source
luminosity is usually performed through the evaluation of the linear c
orrelation coefficient between the flux in one band and the spectral i
ndex, derived from a set of photometric measures in various bands. The
dependence of the spectral index upon the fluxes introduces a bias in
the correlation coefficient in the sense of a spectral hardening (or
softening) related to increasing fluxes at the higher (lower) frequenc
ies which can mimic the spectral changes expected from both thermal an
d non thermal theoretical models. In this paper we derive explicit exp
ressions for the correlation coefficient when the flux changes are due
to random fluctuations and found that it is linearly depending on the
frequency; this analysis is also applied to some examples, based on l
iterature data which demonstrate this effect. Correct approaches to ev
aluate the unbiased correlation coefficient are presented.