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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
 FCX   0.352349 
 AIOT   0.352340 
 VSME   0.352294 
 HAP   0.352252 
 XAPR   0.352213 
 GE   0.352193 
 RCI   0.352139 
 EEX.IX   0.352045 
 PNTG   0.351870 
 PNTG.IX   0.351870 
 VTAK   0.351838 
 BRC   0.351811 
 PFBC   0.351808 
 RM   0.351806 
 CTNT   0.351798 
 UTL.IX   0.351781 
 GFAIW   0.351733 
 ON   0.351704 
 ON.IX   0.351704 
 SMP.IX   0.351685 
 PSEC   0.351650 
 PAYS.IX   0.351611 
 MXI   0.351595 
 GRID   0.351556 
 SONY.IX   0.351451 
 
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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