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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
 BSLKW   0.608136 
 CBTO   0.607949 
 HCAI.IX   0.607926 
 OMEX   0.607902 
 SUIG.IX   0.607577 
 SFIX   0.607575 
 LANV   0.607460 
 NTCL.IX   0.607325 
 HCAI   0.607318 
 OZ.IX   0.607298 
 OZ   0.607245 
 SNPG   0.606939 
 SWZ   0.606777 
 FINV.IX   0.606766 
 BITO   0.606753 
 GNSS   0.606642 
 GNSS.IX   0.606639 
 ABSI   0.606568 
 SDA   0.606418 
 STSM   0.606163 
 PI   0.606158 
 MAGX   0.605954 
 PI.IX   0.605798 
 CBTY   0.605623 
 VEEA   0.604924 
 
17119 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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