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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
 GENM   0.443685 
 JHCP   0.443663 
 LDSF   0.443603 
 GOLS   0.443594 
 GNTA.IX   0.443589 
 DVXB   0.443501 
 MTW.IX   0.443417 
 SLDPW   0.443403 
 FHLC   0.443382 
 FHLC.IX   0.443368 
 OOQB   0.443354 
 EUSA.IX   0.443299 
 CMF   0.443137 
 METL.IX   0.443134 
 JMSI   0.443099 
 XHYF   0.443055 
 NIE   0.442945 
 CCJ.IX   0.442891 
 GOODN   0.442637 
 CPRJ   0.442444 
 CGCV.IX   0.442418 
 KMID   0.442405 
 VTES.IX   0.442362 
 SHAG   0.442357 
 GPRF.IX   0.442231 
 
19136 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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