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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
 COLL.IX   0.670626 
 UTHY   0.670575 
 FALN   0.670550 
 CGRO   0.670536 
 VSDB   0.670461 
 BSX   0.670413 
 RITR.IX   0.670327 
 IBCA   0.670321 
 VSHY   0.670287 
 BSX.IX   0.670252 
 MVFG.IX   0.670141 
 HRTG   0.670117 
 HYFI   0.670114 
 VNCE   0.670088 
 INKM   0.670082 
 JNK   0.670052 
 TEKX   0.670036 
 TLA   0.670019 
 DAIO   0.669947 
 TNON.IX   0.669924 
 GOEX   0.669896 
 SCIO   0.669894 
 IBDS   0.669840 
 AG.IX   0.669807 
 CMCL.IX   0.669754 
 
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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