|
|
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 | Correlation |
| |
0.342501 |
| |
0.342446 |
| |
0.342441 |
| |
0.342429 |
| |
0.342401 |
| |
0.342381 |
| |
0.342321 |
| |
0.342319 |
| |
0.342271 |
| |
0.342262 |
| |
0.342249 |
| |
0.342228 |
| |
0.342209 |
| |
0.342119 |
| |
0.342072 |
| |
0.342072 |
| |
0.342056 |
| |
0.342049 |
| |
0.342039 |
| |
0.342034 |
| |
0.341990 |
| |
0.341984 |
| |
0.341826 |
| |
0.341821 |
| |
0.341772 |
|
|
|
|
|
 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.
|
