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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
 FFDI   0.638051 
 PSA-PJ   0.638033 
 SIL   0.637996 
 OWNS   0.637799 
 LKFN   0.637777 
 ORKT.IX   0.637634 
 CRNT   0.637583 
 FLIA   0.637516 
 NCNO   0.637216 
 NCNO.IX   0.637216 
 BCS.IX   0.637177 
 PII   0.636991 
 PGEN   0.636928 
 ODP.IX   0.636797 
 MDBH.IX   0.636767 
 HFWA   0.636727 
 CDXS.IX   0.636633 
 VAL   0.636613 
 VAL.IX   0.636613 
 CVGI.IX   0.636591 
 CZAR   0.636522 
 KROP   0.636422 
 BULLW   0.636175 
 MTNB.IX   0.636152 
 PNFP.IX   0.636133 
 
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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