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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
 EXEL.IX   0.588643 
 BIPI   0.588515 
 USCI   0.588454 
 QH   0.588353 
 PUMP.IX   0.588245 
 PUMP   0.588245 
 RZB   0.588243 
 XTKG   0.588230 
 BKIE   0.588118 
 NETD   0.588050 
 ILAG   0.587917 
 SPAQ   0.587852 
 DCGO.IX   0.587840 
 YHC   0.587561 
 GUSH   0.587553 
 BMNR   0.587513 
 EQH   0.587404 
 OPY.IX   0.587351 
 HOVR   0.587322 
 FONR   0.587290 
 CBLS   0.587256 
 CDZIP   0.587146 
 MITK   0.587108 
 AXON   0.586943 
 ECOR   0.586519 
 
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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