Context: The cross-covariance of solar oscillations observed at pairs of points on the solar surface is a fundamental ingredient in time-distance helioseismology. Wave travel times are extracted from the cross-covariance function and are used to infer the physical conditions in the solar interior. Aims: Understanding the statistics of the two-point cross-covariance function is a necessary step towards optimizing the measurement of travel times. Methods: By modeling stochastic solar oscillations, we evaluate the variance of the cross-covariance function as function of time-lag and distance between the two points. Results: We show that the variance of the cross-covariance is independent of both time-lag and distance in the far field, i.e., when they are large compared to the coherence scales of the solar oscillations. Conclusions: The constant noise level for the cross-covariance means that the signal-to-noise ratio for the cross-covariance is proportional to the amplitude of the expectation value of the cross-covariance. This observation is important for planning data analysis efforts.
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