Stock Screener - US Stocks, Forex and ETFs Please enable JavaScript to view this page content properly  
     
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 
 TECL   0.930537 
 IGM   0.930157 
 XLK   0.927878 
 IYW   0.921673 
 FTEC   0.902557 
 VGT   0.901051 
 IXN   0.888701 
 ^IXCO   0.888523 
 QLD   0.884775 
 TQQQ   0.884505 
 QQQ   0.882574 
 PTNQ   0.879673 
 ^NDX   0.874373 
 MTUM   0.859784 
 FDN   0.821803 
 MPSX   0.821759 
 SWKS   0.805243 
 BR   0.797573 
 IGV   0.797367 
 SKYY   0.787650 
 OGS   0.784113 
 SHOP   0.783294 
 CWB   0.780798 
 NWN   0.780234 
 
250 rows returned page: 1 2 3 4 5 6 7 8 9 10 [next]

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.



Disclaimer - FAQ - Contact Us
Copyright ©2008-2016 Market In&Out. All rights reserved.
Best viewed in