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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
 BTG.IX   0.680102 
 ELM.IX   0.680009 
 CHY   0.679923 
 FSCS   0.679908 
 SHFSW   0.679896 
 BTG   0.679845 
 DUOT   0.679681 
 HYMC.IX   0.679675 
 RWL.IX   0.679647 
 BUFC   0.679634 
 KXI   0.679628 
 GGM   0.679616 
 PAXS   0.679589 
 INDO   0.679566 
 VT.IX   0.679562 
 TMAT   0.679557 
 FJET   0.679544 
 LQD.IX   0.679391 
 GSM   0.679350 
 HYMC   0.679264 
 NOTV.IX   0.679184 
 EMBX   0.679163 
 IBGL   0.679090 
 NAIL.IX   0.679053 
 IBMP   0.679046 
 
19211 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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