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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
 DIVE   0.457684 
 BTM.IX   0.457622 
 SPKL   0.457555 
 EEE   0.457526 
 LMTL   0.457475 
 DLN   0.457460 
 ENOV.IX   0.457429 
 BOH.IX   0.457421 
 ENOV   0.457399 
 MQY   0.457329 
 NCA   0.457326 
 BKTI   0.457273 
 BOH   0.457243 
 SONY   0.457241 
 QVCGA   0.457164 
 CHGX   0.457070 
 INTW.IX   0.456971 
 BSCZ.IX   0.456965 
 SDTY   0.456944 
 VTAK   0.456889 
 VOR   0.456849 
 LMBS.IX   0.456780 
 PFFL   0.456637 
 FIXP   0.456619 
 CBOA   0.456616 
 
19132 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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