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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
 
 SymbolCorrelation
 MSFT   1.000000 
 MA   0.940459 
 ^IXIC   0.939120 
 NICE   0.936491 
 ONEQ   0.935870 
 ICVT   0.934821 
 ARCW   0.933883 
 SPYG   0.933434 
 EXTR   0.930554 
 MTK   0.929915 
 CERN   0.929109 
 IWY   0.927672 
 QQEW   0.926069 
 VUG   0.925787 
 FBGX   0.925717 
 QQQE   0.925268 
 IPK   0.925243 
 LOGI   0.924153 
 FLGE   0.924048 
 MGK   0.923490 
 SCHG   0.922255 
 CHIX   0.922199 
 IPO   0.922132 
 GWRE   0.922028 
 BOTZ   0.920658 
 
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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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