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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
 OCTP   0.471045 
 CRMG   0.471033 
 CAML.IX   0.471018 
 UMAR   0.470846 
 RR.IX   0.470790 
 FURY.IX   0.470746 
 ORC.IX   0.470629 
 SLVM   0.470583 
 RSPF.IX   0.470548 
 SST   0.470536 
 SSM   0.470525 
 CWAN   0.470522 
 PZG.IX   0.470508 
 SPHL   0.470464 
 ABFL   0.470372 
 ETY   0.470331 
 FVRR.IX   0.470244 
 MAPP.IX   0.470217 
 SPRC   0.470214 
 EPR.IX   0.470207 
 HEPS.IX   0.470200 
 FISK   0.470198 
 COR   0.470160 
 COR.IX   0.470160 
 MS-PA   0.470140 
 
19126 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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