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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   0.999971 
 MSFU   0.998265 
 MSFL   0.997781 
 MSFX   0.996729 
 MSFY   0.988430 
 XPND   0.979974 
 JTEK   0.976542 
 IETC   0.975684 
 AIFD   0.973091 
 BULZ   0.972907 
 BULZ.IX   0.972907 
 ROM   0.972885 
 XNTK   0.972498 
 TECL   0.971522 
 TECL.IX   0.971382 
 XLK   0.970078 
 XLK.IX   0.970064 
 TYLG   0.969166 
 TECB   0.968188 
 MMLG   0.967909 
 CHAT   0.965184 
 CAML   0.964459 
 TRFK   0.964195 
 MTUM   0.963482 
 
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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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