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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   0.999996 
 MSFU   0.991774 
 MSFX   0.975534 
 MSFO   0.917425 
 LGRO   0.897799 
 WEBL   0.888539 
 BCHP   0.882084 
 FDN   0.879334 
 FDN.IX   0.878462 
 IYW   0.873318 
 IYW.IX   0.871949 
 TUGN   0.858395 
 TECB   0.858066 
 SEIQ   0.856568 
 IXN   0.851905 
 IXN.IX   0.851905 
 SKYY   0.847380 
 SKYY.IX   0.847380 
 PNQI   0.845970 
 ADSK   0.845528 
 ADSK.IX   0.845528 
 QQH   0.840747 
 TQQQ.IX   0.840030 
 TQQQ   0.839238 
 
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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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