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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 
 MSFT.IX   0.999999 
 XLK.IX   0.961882 
 XLK   0.961571 
 TECL   0.951356 
 TECL.IX   0.951301 
 VGT   0.950929 
 VGT.IX   0.950878 
 FTEC   0.950767 
 PCTY   0.949792 
 PCTY.IX   0.949792 
 IXN   0.945832 
 IXN.IX   0.945832 
 CIEN   0.944203 
 CIEN.IX   0.944203 
 CTLP   0.942772 
 CTLP.IX   0.942772 
 QD   0.941480 
 AAPL   0.941162 
 AAPL.IX   0.940675 
 ETB   0.938893 
 NXTP   0.938267 
 IYW.IX   0.936944 
 IYW   0.936883 
 BITF   0.934772 
 
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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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