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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
 HST.IX   -0.282185 
 PPEM   -0.282219 
 FBIN.IX   -0.282223 
 FUSI   -0.282251 
 SLS.IX   -0.282333 
 BRIF.IX   -0.282421 
 FRI.IX   -0.282424 
 FBIN   -0.282430 
 LVDS.IX   -0.282509 
 OCFC   -0.282543 
 ALDF   -0.282578 
 AHRT   -0.282616 
 OCFC.IX   -0.282633 
 HWC.IX   -0.282688 
 BBJP   -0.282738 
 NEWTP   -0.282832 
 CLSE.IX   -0.282871 
 OUT.IX   -0.282882 
 TFIN.IX   -0.282898 
 RSPA   -0.283006 
 BFH-PB   -0.283057 
 AHT-PG   -0.283069 
 HWC   -0.283123 
 SBC   -0.283131 
 KMX.IX   -0.283254 
 
19920 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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