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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
 CMRE-PD   0.625647 
 CURR   0.625581 
 SPGI.IX   0.625347 
 SPGI   0.625347 
 MAS   0.625324 
 MAS.IX   0.625267 
 SVCO.IX   0.625240 
 ATLO.IX   0.624825 
 CCRD.IX   0.624770 
 ACU   0.624744 
 SVCO   0.624736 
 UPV   0.624527 
 PLTW   0.624501 
 THCH.IX   0.624328 
 IPAC   0.624250 
 BY   0.624198 
 SEI.IX   0.624163 
 BY.IX   0.624130 
 HDB.IX   0.624047 
 FXH   0.623944 
 DLO.IX   0.623925 
 JUNS   0.623880 
 SEI   0.623712 
 XLY.IX   0.623578 
 SMMV   0.623471 
 
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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