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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   0.999371 
 ROM   0.981489 
 IYW   0.978215 
 FMAG   0.977668 
 IETC   0.976870 
 TCHP   0.974906 
 NWLG   0.972088 
 SCHG   0.971312 
 KEYS   0.970853 
 XPND   0.969510 
 RWGV   0.969396 
 KEYS.IX   0.968647 
 IGM   0.967792 
 VUG   0.966622 
 FTC   0.966450 
 FCTR   0.965765 
 NOW   0.965745 
 NOW.IX   0.965251 
 TECB   0.964656 
 LCG   0.964641 
 QPX   0.964351 
 FTEC   0.962832 
 MGK   0.962589 
 ILCG   0.962471 
 
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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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