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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
 ACOG.IX   0.804839 
 APP   0.804768 
 PLTW   0.804693 
 SFYF   0.804219 
 OCUL.IX   0.803695 
 BETA   0.803659 
 OCUL   0.803452 
 XOMZ   0.803450 
 CCLD   0.803239 
 FELG   0.802890 
 PPBT   0.802820 
 MTCH   0.802746 
 NTGR   0.802593 
 BETA.IX   0.802356 
 ROOT.IX   0.802283 
 JTEK   0.802255 
 SOFI   0.802132 
 NTGR.IX   0.802012 
 SOFI.IX   0.801214 
 KLAR   0.801034 
 YBST   0.800859 
 CLCG   0.800751 
 BRCB   0.800521 
 MYGN.IX   0.800391 
 MYGN   0.800336 
 
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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