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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
 WFF   0.356825 
 SWX   0.356771 
 CEVA   0.356767 
 CHT   0.356707 
 XRPI   0.356706 
 QEMM   0.356689 
 XTAP   0.356658 
 AAT   0.356495 
 FTRI   0.356376 
 PDS   0.356350 
 SAPH   0.356319 
 GDEC   0.356269 
 XMAR   0.356261 
 EBND   0.356242 
 SDY   0.356216 
 TSII   0.356206 
 AIOT.IX   0.356049 
 CRIS.IX   0.356049 
 UJAN   0.355986 
 MERC.IX   0.355962 
 IDGT   0.355869 
 FCUV   0.355706 
 WYFI   0.355652 
 TRMB.IX   0.355641 
 PEO   0.355619 
 
16660 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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