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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 
 IWY   0.965957 
 MGK   0.965405 
 PXLG   0.958417 
 VGT   0.955317 
 IGM   0.954511 
 IYW   0.952187 
 JKE   0.950570 
 PNQI   0.950446 
 IVW   0.949158 
 IXN   0.947171 
 VOOG   0.945761 
 VUG   0.945692 
 QLD   0.944525 
 TQQQ   0.944175 
 ^IXCO   0.943745 
 ^NDX   0.943052 
 ROM   0.942734 
 FTEC   0.941910 
 PTNQ   0.938531 
 IUSG   0.935410 
 BST   0.934001 
 QQQ   0.933799 
 IWF   0.932168 
 SPYG   0.929950 
 
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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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