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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
 PICB   0.680719 
 SRG   0.680718 
 INDO   0.680698 
 NRUC   0.680685 
 NUGY   0.680663 
 NKE.IX   0.680659 
 BOE   0.680646 
 CIX.IX   0.680574 
 BTG   0.680566 
 CDZI   0.680529 
 SONY   0.680526 
 HQI.IX   0.680524 
 URGN.IX   0.680480 
 URGN   0.680480 
 BWEB   0.680459 
 CCAP   0.680414 
 BCIC   0.680381 
 HYMC   0.680372 
 CRDT.IX   0.680283 
 EMBX   0.680278 
 BHYB   0.680269 
 NVDY   0.680198 
 EXI.IX   0.680196 
 KXI   0.680173 
 CGIB   0.680149 
 
19210 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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