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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
 FTEL   0.591620 
 XTKG   0.591596 
 NSA-PB   0.591581 
 BCC.IX   0.591567 
 AXS-PE   0.591141 
 EVMT   0.590977 
 ILOW   0.590807 
 JIRE   0.590549 
 ASH   0.590488 
 ASH.IX   0.590488 
 LTTI   0.590070 
 RES.IX   0.589865 
 AIRS   0.589743 
 LAW.IX   0.589577 
 MUR   0.589429 
 PTC   0.589306 
 PTC.IX   0.589306 
 USB-PQ   0.589283 
 IPW   0.589010 
 CBAT.IX   0.588682 
 WANT   0.588540 
 GRNT   0.588215 
 HSPTR   0.588102 
 BIDU.IX   0.588000 
 LMAT   0.587647 
 
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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