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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
 MOOD.IX   0.088410 
 SOLV   0.088392 
 CINGW   0.088354 
 NCTY.IX   0.088203 
 MAKX   0.088201 
 SOLV.IX   0.088195 
 INFU   0.088116 
 RSSB   0.088000 
 GEME.IX   0.087915 
 HIVE.IX   0.087874 
 RKNG   0.087850 
 DFAW.IX   0.087617 
 DGS.IX   0.087458 
 CPOP   0.087383 
 GBTG   0.087378 
 ASPN.IX   0.087311 
 GNOV   0.087112 
 SBGI   0.086959 
 IINNW   0.086890 
 TNONW   0.086845 
 GBTG.IX   0.086569 
 TAK.IX   0.086524 
 MGR   0.086061 
 ZVIA   0.085941 
 CFND   0.085706 
 
19758 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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