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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.

  Period, days
 MSFT   1.000000 
 MSFT.IX   0.999956 
 MSFU   0.999818 
 MANH   0.974252 
 MANH.IX   0.974252 
 BIGT   0.951935 
 FLAG   0.948496 
 META.IX   0.948482 
 META   0.948479 
 VRT   0.945860 
 VRT.IX   0.945860 
 TYLG   0.945847 
 NAPR   0.942721 
 FBL   0.942547 
 TCHP   0.941274 
 TGRW   0.939945 
 JEPQ   0.939314 
 MGK   0.937084 
 MGK.IX   0.936902 
 FICO.IX   0.936711 
 FICO   0.936355 
 QTAP   0.935447 
 XDQQ   0.935084 
 NJUL   0.934929 
 GLIN   0.934900 
15370 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. Imperfect correlation between two different stocks allows for more diversification and marginally lower risk.

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