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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
 FUTU.IX   -0.396289 
 FIGB   -0.396573 
 SMA   -0.396577 
 EPP.IX   -0.396606 
 PINE   -0.396625 
 HNNA   -0.396657 
 BLCO.IX   -0.396787 
 NPT   -0.396937 
 FLYT   -0.396965 
 NXTG   -0.396999 
 DHSB   -0.397025 
 FDIS   -0.397031 
 LTBR   -0.397108 
 VCR   -0.397123 
 FID   -0.397130 
 PBFB   -0.397228 
 GLPG.IX   -0.397269 
 SRZNW   -0.397289 
 CAE   -0.397332 
 ECF   -0.397395 
 XHYD   -0.397451 
 TBI   -0.397501 
 DRUG.IX   -0.397595 
 FLCO   -0.397757 
 RGLO   -0.397783 
 
17045 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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