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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
 SVM.IX   0.630272 
 CEG.IX   0.630240 
 ZGN.IX   0.630207 
 OSCR.IX   0.629811 
 WKHS   0.629786 
 WKHS.IX   0.629669 
 AGNG   0.629635 
 ZGN   0.629633 
 BYON   0.629600 
 DAT   0.629487 
 XSLV   0.629427 
 GCC   0.629423 
 CNOB.IX   0.629144 
 FSCS   0.629128 
 KRMN   0.629037 
 BYON.IX   0.629026 
 OSCR   0.628809 
 CNOB   0.628731 
 CIX   0.628298 
 MST   0.628278 
 SLVR   0.628269 
 BNL   0.627884 
 BNL.IX   0.627884 
 DCGO   0.627875 
 SPHD   0.627565 
 
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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