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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
 MNTK.IX   0.531616 
 NNN   0.531512 
 ALLR   0.531335 
 TFIN.IX   0.531201 
 SPMC   0.531163 
 KALV.IX   0.531119 
 IOSP.IX   0.531095 
 IOSP   0.531030 
 NFTY   0.530927 
 NBFC   0.530822 
 FNLC   0.530765 
 FNLC.IX   0.530765 
 BAMV   0.530699 
 ZDGE   0.530482 
 KALV   0.530427 
 INVE   0.530394 
 INVE.IX   0.530394 
 DDM   0.530168 
 CANG.IX   0.530127 
 ATYR   0.530100 
 ATYR.IX   0.530100 
 XYLO   0.530100 
 SEATW   0.529948 
 LOVE   0.529884 
 LOVE.IX   0.529694 
 
16032 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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