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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
 FOFO   0.601741 
 SAGT   0.601659 
 MSDL   0.601600 
 DFLI.IX   0.601588 
 FINV   0.601427 
 BTCI   0.601218 
 GBTC.IX   0.601051 
 ATRC   0.601005 
 IBTK   0.600966 
 BAGY   0.600894 
 ATRC.IX   0.600881 
 CMTG   0.600856 
 ISHP   0.600655 
 ORGN.IX   0.600651 
 CBXY   0.600602 
 UCL.IX   0.600253 
 GBTC   0.600247 
 EGAN.IX   0.600119 
 NSPR   0.599998 
 REAX   0.599921 
 WIT.IX   0.599835 
 BNCWW   0.599567 
 LFAW   0.599412 
 WIMI.IX   0.599383 
 RAPP   0.599227 
 
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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