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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
 CNEQ   0.583344 
 XNET.IX   0.583090 
 XPND   0.583078 
 TSEL   0.579882 
 AMZY   0.579661 
 INVG   0.579659 
 AMZU   0.579657 
 NCV   0.578579 
 NBGX   0.576556 
 AMZN   0.576366 
 LAR.IX   0.576146 
 PRXG.IX   0.575647 
 AMZZ   0.575635 
 OGIG   0.575542 
 JGRO   0.575175 
 HGER   0.574792 
 VUSG   0.574751 
 AMZN.IX   0.574659 
 HYBX   0.574570 
 FTLS   0.574384 
 XNET   0.573194 
 CASY   0.572935 
 CASY.IX   0.572935 
 JTEK   0.571272 
 TCHP   0.571074 
 
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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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