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Stock Correlation Correlation Calculator  
Learning about stock correlation helps traders manage their portfolios more appropriately. Regardless of your trading strategy and whether you are looking to diversify your positions or find alternate stocks to leverage your view, it is very important to keep in mind the correlation between various stocks and their shifting trends

Symbol   Period, days  
 MSFT   1.000000 
 LECO   0.847482 
 CLS   0.724590 
 PACE   0.719608 
 SVXY   0.717328 
 MAN   0.716507 
 ^IXCO   0.716427 
 XIV   0.713345 
 HYLD   0.711463 
 CAJ   0.702868 
 HEEM   0.701318 
 HBNC   0.700304 
 SCHE   0.699114 
 ABEV   0.696470 
 LH   0.696171 
 PYPL   0.695821 
 CYBE   0.694657 
 GFA   0.692493 
 WAFD   0.690928 
 COBZ   0.686382 
 VWO   0.685213 
 APH   0.683774 
 ETFC   0.682718 
 MTL   0.682674 
 CMC   0.681092 
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Education Stock Correlation - Explanation
Stock Correlation is the statistical measure of the relationship between two stocks. The correlation coefficient ranges between -1 and +1. A correlation of +1 implies that the two stocks will move in the same direction 100% of the time. A correlation of -1 implies the two stocks will move in the opposite direction 100% of the time. A correlation of zero implies that the relationship between the stocks is completely random. Correlations do not always remain stable and can even change on a daily basis. Correlation analysis can help you to diversify your positions. Imperfect correlation between two different stocks allows for more diversification and marginally lower risk.

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