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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
 ETON.IX   0.239371 
 BKR   0.239323 
 BKR.IX   0.239323 
 CCSB   0.239294 
 PIFI   0.239122 
 IMMX   0.239025 
 FGI   0.238968 
 GLOP-PA   0.238935 
 CEE   0.238927 
 XBJA   0.238851 
 HISF   0.238817 
 CLYM.IX   0.238814 
 OPFI   0.238813 
 TLT.IX   0.238772 
 MAZE.IX   0.238718 
 UMBF   0.238708 
 UMBF.IX   0.238708 
 AOUT   0.238631 
 KPRX   0.238629 
 MJ.IX   0.238589 
 STTK   0.238579 
 PSTV   0.238538 
 SMTK   0.238285 
 CSTE   0.238073 
 TXO   0.238027 
 
16625 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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