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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
 CFO   0.793192 
 PSP   0.793178 
 ESGR.IX   0.793177 
 AUSF   0.793169 
 LSBK   0.793044 
 CMT   0.793039 
 IIPR   0.793027 
 AMLX   0.793008 
 KFS.IX   0.793005 
 LXEO.IX   0.792974 
 SHEL   0.792964 
 EOG   0.792945 
 PFE   0.792923 
 CMT.IX   0.792895 
 BZH.IX   0.792860 
 KCCA   0.792848 
 ENTA   0.792844 
 DX   0.792832 
 CTKB   0.792776 
 CTKB.IX   0.792776 
 BZH   0.792728 
 BIL   0.792692 
 NCLH.IX   0.792670 
 AMLX.IX   0.792648 
 INBX.IX   0.792635 
 
16054 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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