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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
 HYFI.IX   -0.251595 
 AEO   -0.251605 
 CTBI   -0.251605 
 PIFI.IX   -0.251678 
 ICR-PA   -0.251693 
 BBEU   -0.251714 
 BSJT   -0.251740 
 KRMD   -0.251746 
 UDOW   -0.251776 
 MEDI   -0.251801 
 NJR   -0.251845 
 MTB.IX   -0.251934 
 ICSH.IX   -0.251989 
 BDJ.IX   -0.251992 
 NVT.IX   -0.252044 
 LEND.IX   -0.252081 
 NVT   -0.252170 
 MTRA   -0.252204 
 NJR.IX   -0.252301 
 BME   -0.252393 
 CONI   -0.252638 
 ALTI.IX   -0.252667 
 SYFI.IX   -0.252691 
 DGS.IX   -0.252705 
 HBDC   -0.252745 
 
19915 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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