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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
 TRUT   0.807894 
 MAX.IX   0.807704 
 GLBE.IX   0.807631 
 FIS.IX   0.807183 
 MAX   0.807124 
 AWAY   0.807110 
 ACOG.IX   0.807073 
 Z   0.806974 
 CRCO   0.806963 
 LOMA.IX   0.806894 
 AWAY.IX   0.806854 
 FIS   0.806714 
 EVER.IX   0.806681 
 PANG   0.806677 
 CCUP   0.806668 
 ROOT   0.806461 
 HTCR   0.806328 
 EVER   0.806265 
 ATOS   0.806001 
 PLTY   0.805958 
 CLLS.IX   0.805866 
 PLTY.IX   0.805726 
 KLAR.IX   0.805259 
 APP.IX   0.805256 
 PPCB   0.805196 
 
17105 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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