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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
 VRCA   0.596433 
 AZZ.IX   0.596299 
 OWNS   0.596169 
 EWM.IX   0.596103 
 SILC.IX   0.596087 
 INDF   0.596070 
 FFAIW   0.595931 
 ACWV   0.595838 
 MUR   0.595568 
 VRM   0.595554 
 MOVE   0.595394 
 KNSL.IX   0.595384 
 BANF.IX   0.595357 
 SCKT   0.595320 
 RANGR   0.595188 
 OPY   0.595143 
 VSME   0.594967 
 UX   0.594604 
 SGMO   0.594579 
 KNSL   0.594559 
 FPH.IX   0.594555 
 EWS   0.594535 
 AS.IX   0.594479 
 AIRJW   0.594476 
 BBVA   0.594475 
 
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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