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Correlation
Correlation Calculator
Correlation analysis helps identify the relationship between two or more companies, showing how they move about each other. It helps assess patterns, manage risk, and improve decision-making by revealing which assets correlate positively or negatively.

Symbol
  Period, days
 
 SymbolCorrelation
 AAPR   0.959434 
 LAYS   0.959430 
 KPRO   0.959428 
 KHPI   0.959424 
 NXTG   0.959261 
 OCFS   0.959258 
 FLTR.IX   0.959256 
 BKIV   0.959195 
 NANC   0.959149 
 PMFB   0.959136 
 OWLT   0.959100 
 EAOK   0.959099 
 TEKY   0.959043 
 TGLR   0.959007 
 IHY   0.958963 
 SDHY   0.958919 
 BTX   0.958916 
 MMCA   0.958870 
 MRVL   0.958810 
 MRVL.IX   0.958802 
 NAUG   0.958741 
 ZMAR   0.958694 
 XSEP   0.958460 
 GNE.IX   0.958448 
 TECB   0.958447 
 
16077 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. An imperfect correlation between two different stocks allows for more diversification and marginally lower risk.



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