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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
 DOL   0.652285 
 SOHO   0.652246 
 SHPP   0.652181 
 ASMH   0.652043 
 MLN   0.652023 
 PSIL   0.652010 
 FBIN   0.651882 
 FBIN.IX   0.651882 
 TPVG   0.651870 
 AVO   0.651805 
 ZVRA.IX   0.651797 
 MCBS   0.651793 
 CIGL   0.651709 
 MGRC.IX   0.651647 
 GSIT   0.651468 
 HTZ   0.651418 
 FSBC.IX   0.651340 
 TTI.IX   0.651311 
 SPWH.IX   0.651226 
 SIF   0.651225 
 GBX   0.651195 
 GBX.IX   0.651181 
 HPS   0.651176 
 PHVS.IX   0.651082 
 GOLY   0.651064 
 
16087 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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