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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
 ZUMZ.IX   0.649987 
 FSBC   0.649898 
 CLLS.IX   0.649898 
 GOLY   0.649816 
 PII   0.649796 
 BB   0.649654 
 INDY   0.649582 
 RSPG   0.649198 
 CTSO   0.648956 
 MCBS.IX   0.648848 
 ASTE.IX   0.648727 
 BRY.IX   0.648667 
 ONBPP   0.648517 
 CMP   0.648506 
 PGEN.IX   0.648415 
 PII.IX   0.648399 
 MLN   0.648321 
 CPAC.IX   0.648037 
 DXJ   0.647963 
 CMP.IX   0.647956 
 ASTE   0.647930 
 EFOI   0.647897 
 BHB   0.647886 
 CSIQ.IX   0.647807 
 MGRC   0.647784 
 
16083 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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