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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   1.000000 
 ROM   0.995791 
 XLK   0.995746 
 XLK.IX   0.995700 
 IYW   0.995261 
 IYW.IX   0.995261 
 IXN   0.994815 
 IXN.IX   0.994815 
 TECL   0.994767 
 TECL.IX   0.994759 
 SXT   0.994513 
 SXT.IX   0.994513 
 NSPI   0.993950 
 IETC   0.993846 
 FTEC   0.993845 
 VGT   0.993521 
 VGT.IX   0.993521 
 ACN   0.993330 
 ACN.IX   0.993330 
 MSTQ   0.992755 
 TDIV   0.992587 
 QPX   0.992479 
 QPT   0.992450 
 TY   0.992390 
 
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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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