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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
 AAL   0.612948 
 CSEX   0.612914 
 CBTJ   0.612754 
 EUM   0.612747 
 CARU   0.612485 
 LODE.IX   0.612120 
 CANG   0.612049 
 AAL.IX   0.611860 
 DUO   0.611823 
 DLLL   0.611724 
 SPPL   0.611622 
 CNNE.IX   0.611550 
 SDA   0.611400 
 LIFT   0.611330 
 TMF   0.611325 
 DGIN   0.611238 
 EZPZ   0.611207 
 AHL-PF   0.611107 
 RDZN   0.611066 
 YMM   0.610729 
 SLSN.IX   0.610717 
 DFLI   0.610680 
 LODE   0.610654 
 NCIQ   0.610627 
 XLK   0.610562 
 
17115 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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