While deriving and proving Bell-type inequalities of the form
$|E(a,b)-E(a,b')|+|E(a',b)+E(a',b')|\leq 2$
I know that the conditions on the operators $O_a$ and $O_b$ are that they must be bounded by $\pm 1$.
Joint operator $O_{ab}\equiv O_a O_b$ is consequently bounded by $\pm 1$.
However, is there any such bound on the correlation $E(a,b)$ given by operating by $O_{ab}$ on whatever state you're studying? Does $E(a,b)$ necessarily NEED to be bounded by $\pm 1$ as per the definition?
(I know that it sometimes is as a result of, say, operating on the singlet state, but is this a consequence or a condition?)
Thanks in advance!