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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
 BALT   0.884585 
 IBFR   0.884541 
 TVAL.IX   0.884503 
 TPIF.IX   0.884493 
 RCKY   0.884409 
 AFLG.IX   0.884393 
 TVAL   0.884289 
 IEV.IX   0.884287 
 CNOBP   0.884286 
 FELV   0.884207 
 IUS.IX   0.884206 
 BUFX   0.884110 
 CPSR   0.884093 
 AGQI   0.883883 
 EFA.IX   0.883808 
 CFFN   0.883785 
 MOTI.IX   0.883764 
 CSTK.IX   0.883623 
 XMAR   0.883603 
 CFFN.IX   0.883570 
 EFA   0.883527 
 UOCT.IX   0.883511 
 CPSD   0.883439 
 APRB   0.883420 
 EWUS   0.883287 
 
20104 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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