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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
 KLAR.IX   0.802573 
 HITI.IX   0.802091 
 PPCB   0.802090 
 RDGT   0.801681 
 JTEK   0.801429 
 MTCH   0.800944 
 APP.IX   0.800904 
 BETA   0.800882 
 APP   0.800794 
 CCLD   0.800611 
 DOYU   0.800596 
 ANY   0.800418 
 ROOT.IX   0.800288 
 YBST   0.800093 
 YOU   0.799780 
 BETA.IX   0.799689 
 YOU.IX   0.799334 
 LOGO   0.799202 
 BLND   0.798685 
 KLAR   0.798654 
 TNON   0.798001 
 SOFI   0.797919 
 MTCH.IX   0.797455 
 LOMA.IX   0.797423 
 ALRM   0.797062 
 
17106 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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