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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
 HYMC.IX   0.444174 
 ESGV   0.444086 
 HOOZ   0.443988 
 GOF   0.443971 
 PRH   0.443860 
 SWVL.IX   0.443822 
 BUG.IX   0.443767 
 BTAL   0.443635 
 RNWZ   0.443516 
 MAKO   0.443476 
 GGLL   0.443374 
 HLXX   0.443223 
 BUG   0.443155 
 ALXO.IX   0.443139 
 BEGS   0.443138 
 QCOM.IX   0.443072 
 STXS   0.443044 
 SLVR.IX   0.442781 
 XBTY   0.442725 
 TBH   0.442709 
 SUN.IX   0.442696 
 CTRE.IX   0.442685 
 KGEI.IX   0.442659 
 SUN   0.442613 
 MGRD   0.442496 
 
19733 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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