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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   0.999998 
 MSFU   0.997723 
 TIME   0.958859 
 FNGS   0.957404 
 LRND   0.956714 
 FNGG   0.954766 
 FNGO   0.953701 
 FNGU.IX   0.951770 
 FNGU   0.951770 
 VCR   0.951162 
 WANT   0.950831 
 FDIS   0.950606 
 SFY   0.950205 
 PJFG   0.949751 
 XLY   0.949596 
 WINN   0.949140 
 XLY.IX   0.949102 
 PALC   0.948058 
 UCC   0.947676 
 SFLR   0.946984 
 PNQI   0.946856 
 ARKK   0.946632 
 ARKK.IX   0.946632 
 SAMT   0.945418 
15047 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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