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Correlation
Correlation Calculator
Correlation analysis helps identify the relationship between two or more companies, showing how they move about each other. It helps assess patterns, manage risk, and improve decision-making by revealing which assets correlate positively or negatively.

Symbol
  Period, days
 
 SymbolCorrelation
 FDN   0.829413 
 ATEN.IX   0.829380 
 OGIG.IX   0.828810 
 CDNA   0.828669 
 KSPI.IX   0.828622 
 BRN   0.828402 
 KSPI   0.828174 
 HYRM   0.828038 
 CDNA.IX   0.827045 
 ANDG.IX   0.826438 
 LRGG   0.825921 
 CAML.IX   0.825728 
 WEBL.IX   0.824626 
 LSAT   0.824458 
 BXP   0.824412 
 BXP.IX   0.824412 
 MMTM.IX   0.824314 
 FDN.IX   0.824226 
 RILA   0.824095 
 HBDC   0.822818 
 IMMP   0.822775 
 SZNE   0.821961 
 CGTX.IX   0.820521 
 AVRY   0.820009 
 GSAT   0.819991 
 
19520 rows returned

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. An imperfect correlation between two different stocks allows for more diversification and marginally lower risk.



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