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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
 FTCI.IX   -0.234877 
 FBRX   -0.234907 
 OCTW   -0.235040 
 USEP   -0.235340 
 PINE.IX   -0.235498 
 AMZE.IX   -0.235593 
 VRDN.IX   -0.235637 
 DECW   -0.235660 
 FTHM   -0.235663 
 IAG   -0.235724 
 SB-PC   -0.235749 
 RMBI   -0.235791 
 CDLX.IX   -0.235806 
 FTXO   -0.235812 
 NEE.IX   -0.235884 
 JLL.IX   -0.235954 
 XNOV   -0.236007 
 DC   -0.236026 
 XYLG   -0.236057 
 JLL   -0.236137 
 JCTC   -0.236324 
 ECBK   -0.236456 
 SIG.IX   -0.236474 
 SGC.IX   -0.236516 
 PSNY   -0.236558 
 
17033 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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