I have different variables (A, B, C, D) which are all ordinal scaled. I have another variable (Z) which is ordinal scaled, too. My sample size is approx. 1.500.
Is it in the statistical sense correct, to calculate the Spearman's $\rho$ for each relationship - (1) A & Z, (2) B & Z, (3) C & Z and so on - and compare these values subsequently?
Maybe using the Fisher Z-Test?
Possible result: None of the relationships differs significantly from another one but (1) is slightly stronger than (2) but not as strong as (3)?