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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
 LKFN.IX   0.640609 
 CINGW   0.640589 
 ZVRA   0.640461 
 IYH   0.640387 
 VSMV   0.640355 
 DSY   0.640046 
 ONBPP   0.639707 
 ZVRA.IX   0.639499 
 BCS   0.639394 
 HGTY   0.639391 
 INVN   0.639238 
 TPVG   0.639051 
 IGTR   0.638937 
 LIVN   0.638848 
 LIVN.IX   0.638848 
 HELE   0.638768 
 HELE.IX   0.638735 
 SIL.IX   0.638680 
 SHIM.IX   0.638552 
 PNFP   0.638451 
 ZKH   0.638161 
 SPAQ   0.638144 
 CPAC.IX   0.638116 
 GCC   0.638091 
 TU   0.638059 
 
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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