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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
 KONG   0.942461 
 XYZ.IX   0.942416 
 ACEI   0.942413 
 PCGG   0.942223 
 BMR   0.942029 
 SMLL   0.941076 
 AAT   0.940743 
 AAT.IX   0.940312 
 XYZG   0.940126 
 BCHP.IX   0.940033 
 GCO.IX   0.939923 
 ASST   0.939883 
 BCHP   0.939829 
 RGS.IX   0.939636 
 CGTX.IX   0.939474 
 MMLG   0.939408 
 GTEN   0.939312 
 CGTX   0.939269 
 LRGE.IX   0.939048 
 GCO   0.938873 
 PSFE   0.938807 
 ASST.IX   0.938803 
 JGRW   0.938793 
 LRGE   0.938683 
 AMCX   0.938667 
 
19389 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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