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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
 AMCX   0.942629 
 RILA   0.942523 
 AMCX.IX   0.942293 
 PCGG   0.942136 
 BMR   0.941955 
 IBTA   0.941951 
 ACEI   0.941700 
 SMLL   0.941565 
 CGTX.IX   0.941112 
 ASST   0.940340 
 GCO.IX   0.940263 
 AAT   0.940202 
 RGS.IX   0.940094 
 AGOX   0.940041 
 AAT.IX   0.939987 
 ASST.IX   0.939921 
 BCHP.IX   0.939878 
 LRGE.IX   0.939599 
 MMLG   0.939499 
 LRGE   0.939361 
 GTEN   0.939151 
 CGTX   0.939070 
 BCHP   0.938920 
 PSFE   0.938903 
 GCO   0.938849 
 
19407 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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