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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
 NTGR   0.797000 
 SOFI.IX   0.796985 
 XGN.IX   0.796959 
 ALRM.IX   0.796785 
 CCTG   0.796562 
 ACOG.IX   0.796544 
 PALU   0.796526 
 XGN   0.796512 
 NTGR.IX   0.796416 
 BLND.IX   0.796005 
 BRCB   0.795589 
 TRUT   0.795588 
 ERY   0.795331 
 DUG   0.795093 
 ONMD.IX   0.794857 
 FELG   0.794755 
 BLSH.IX   0.794430 
 ENSC   0.794276 
 WTID   0.794212 
 BRCB.IX   0.794163 
 DTEC   0.793518 
 BQ   0.793511 
 TECB   0.793255 
 DOMO.IX   0.793180 
 DOMO   0.793167 
 
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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