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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
 FDIG.IX   0.437582 
 THQ   0.437571 
 CNL.IX   0.437566 
 HRTX   0.437541 
 SMB.IX   0.437538 
 ADVB   0.437538 
 TAFI.IX   0.437535 
 JRE   0.437447 
 TAXT   0.437403 
 IBTI.IX   0.437400 
 CSQ   0.437298 
 SPSB.IX   0.437275 
 RSPA   0.437226 
 FLQM   0.437175 
 IMNM   0.437173 
 INNV.IX   0.437115 
 GPCR   0.437073 
 DTD.IX   0.437072 
 ORCL.IX   0.437041 
 TLIH   0.437005 
 CP.IX   0.436977 
 LARK   0.436936 
 CP   0.436849 
 ABT   0.436813 
 STXD   0.436783 
 
19139 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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