As far as I understand, the PCA is performed on the covariance matrix. Is there a way to use the correlation matrix instead? Does the latent output correspond to the eigenvalues?
MATLAB perform PCA on the correlation matrix
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Although it's quite an old post, but I found the option to set it to compute PCA based on correlation matrix by specifying name-value pair
'VariableWeights','variance'. You can refer to pca-VariableWeights