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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
 OSTX.IX   0.675738 
 RSPA   0.675675 
 TMSF   0.675640 
 LNN.IX   0.675595 
 FPS   0.675580 
 BHFAN   0.675567 
 BAK.IX   0.675538 
 BIP-PA   0.675483 
 OESX   0.675477 
 IVR-PC   0.675430 
 COLL   0.675364 
 DIVZ.IX   0.675344 
 STXS   0.675314 
 YORW.IX   0.675298 
 NAIL   0.675111 
 DDFO   0.675105 
 ARR   0.675097 
 COIO   0.674988 
 MDPL   0.674976 
 ARAY.IX   0.674933 
 PARK   0.674893 
 RGNT   0.674876 
 CDZI.IX   0.674765 
 MIG.IX   0.674715 
 SAIHW   0.674405 
 
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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