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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
 PLTY   0.648240 
 SCS   0.648117 
 SIF   0.648039 
 TEX   0.648002 
 TEX.IX   0.648002 
 XOMAP   0.647800 
 TMFE   0.647768 
 HRTS   0.647586 
 FIDI   0.647525 
 SFNC   0.647459 
 SFNC.IX   0.647459 
 DSY.IX   0.647356 
 SMIN   0.647110 
 NRGU   0.646854 
 DMAAU   0.646753 
 AVO.IX   0.646622 
 PSIL   0.646533 
 ARQ.IX   0.646459 
 RANG   0.646451 
 SION   0.646407 
 TASK   0.646347 
 FORH   0.646322 
 FDHT   0.646287 
 XRX.IX   0.646200 
 SFL.IX   0.646197 
 
16080 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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