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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
 FIVY   0.580162 
 EGGY   0.579011 
 QQQT   0.578178 
 JTEK   0.577917 
 NCV   0.577435 
 PRXG.IX   0.577368 
 TSEL   0.576779 
 WEBL   0.576438 
 XPND   0.576241 
 AMZU   0.575787 
 HGER   0.575323 
 FFTY   0.575149 
 VUSG   0.574804 
 TCHP   0.574425 
 JGRO   0.574049 
 AMZN   0.573871 
 TQQY   0.573784 
 AMZN.IX   0.572935 
 BTX   0.572820 
 INVG   0.571861 
 AMZY   0.571787 
 SAWG   0.571723 
 RJVI   0.571223 
 BST   0.570978 
 EGGQ   0.570834 
 
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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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