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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
 KBONU   0.229547 
 JBGS.IX   0.229299 
 PTL   0.229096 
 FEMS   0.229072 
 LICN   0.228504 
 TFPN   0.228475 
 DCBO   0.228436 
 LEU   0.227936 
 PCSC   0.227835 
 ZOOZ.IX   0.227673 
 KEP   0.227655 
 BRIA.IX   0.227568 
 APUE   0.227564 
 QQQT   0.227310 
 BEEX.IX   0.227256 
 BLOK   0.227229 
 FLMX   0.227177 
 UMAY   0.227084 
 BUFT   0.227019 
 FTK.IX   0.227007 
 PIII   0.226958 
 MID   0.226690 
 UNL   0.226690 
 SSG   0.226486 
 LEU.IX   0.226437 
 
19865 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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