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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
 SFL.IX   0.652551 
 WTBA.IX   0.652371 
 UTMD   0.652171 
 ZUMZ   0.652140 
 ASMH   0.652034 
 PBR-A   0.651972 
 PCOR   0.651953 
 PCOR.IX   0.651953 
 FACTU   0.651952 
 MNYWW   0.651943 
 BBEU.IX   0.651865 
 DCGO   0.651845 
 SPWH.IX   0.651844 
 ZUMZ.IX   0.651624 
 SOPH   0.651605 
 SFL   0.651504 
 MCBS.IX   0.651490 
 BKHA   0.651390 
 VCICW   0.651382 
 KMX   0.651263 
 SCHW-PJ   0.651172 
 OGN   0.651145 
 OGN.IX   0.651145 
 ATMVR   0.651089 
 FINS   0.650974 
 
16084 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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