1. Install Matlab Runtime Installer

Hold Control + Click on Matlab Application icon. Select “Show Package Contents”.
Navigate to toolbox/compiler/deploy/maci64/
Double click MCRInstaller.zip

Go to Downloads/MCRInstaller, click InstallForMacOSX

login: labadmin
password: [Remember from yesterday?]

Follow instructions, install to default /Applications/MATLAB/MATLAB_Runtime

2. Execute run_rcorr.app
Use rcorr.sh (shell script for temporarily setting environment variables and 
 executing the application)

./rcorr.sh <mcr_directory> <argument_list>
at Linux or Mac command prompt.

<mcr_directory> is the directory where version 8.5 of the MATLAB runtime is installed or the directory where MATLAB is installed on the machine. <argument_list> is all the arguments you want to pass to your application. 

In this case, we have version 8.5 of the MATLAB runtime installed in /Applications/MATLAB/MATLAB_Runtime/v85, so to run the shell script type:
./rcorr.sh /Applications/MATLAB/MATLAB_Runtime/v85