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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
 PED.IX   0.188412 
 CPNM   0.188261 
 MAMO.IX   0.188169 
 JHDG   0.187957 
 MGM.IX   0.187895 
 MGM   0.187895 
 GLP-PB   0.187490 
 AGCC   0.187469 
 SHOP.IX   0.187207 
 OCTT   0.186892 
 KFY   0.186749 
 CMPR   0.186508 
 MOO.IX   0.186433 
 PLD   0.186045 
 ZOOZ   0.186021 
 MYO.IX   0.185871 
 GRNQ   0.185816 
 QBY   0.185784 
 PLD.IX   0.185730 
 SPUC.IX   0.185646 
 SUSA.IX   0.185440 
 ARMW   0.185245 
 FTCI.IX   0.185157 
 KTWO   0.185072 
 GVLU   0.184982 
 
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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