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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
 CXT.IX   0.596320 
 CXT   0.596239 
 MODV.IX   0.596219 
 BHLB   0.596123 
 BHLB.IX   0.596123 
 LABU.IX   0.595849 
 IPW   0.595470 
 SBGI.IX   0.595454 
 MARA.IX   0.595287 
 RDVT.IX   0.595272 
 HUBG   0.595132 
 NBH   0.595059 
 AXS-PE   0.594894 
 BIDU   0.594762 
 MEC   0.594541 
 TCX.IX   0.594369 
 FTEL   0.594246 
 MARA   0.594149 
 REGCO   0.593988 
 MBINM   0.593657 
 SOHO   0.593651 
 WANT   0.593566 
 XTKG   0.592973 
 BHR-PD   0.592484 
 PTC.IX   0.592315 
 
16090 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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