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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
 BSTZ   0.242240 
 NIVFW   0.241832 
 OABI   0.241801 
 STRA   0.241702 
 RONB   0.241689 
 STRA.IX   0.241224 
 QLV   0.241141 
 BUFM.IX   0.241134 
 ITOT.IX   0.240983 
 BCV   0.240956 
 OABI.IX   0.240819 
 BNOV   0.240471 
 TIC.IX   0.240398 
 TIC   0.240360 
 PST   0.240116 
 BLOK   0.240070 
 LEU   0.240010 
 BNOV.IX   0.239943 
 TBCH.IX   0.239920 
 KEP.IX   0.239829 
 GQI.IX   0.239819 
 PBJ   0.239812 
 LHSW.IX   0.239669 
 RVSB.IX   0.239457 
 MMAX   0.239346 
 
19863 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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