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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
 FAST.IX   0.589500 
 FAST   0.589500 
 FFAIW   0.589477 
 USB-PQ   0.589434 
 SSXU   0.589380 
 ASH   0.589244 
 ASH.IX   0.589244 
 BIDU.IX   0.589130 
 LNN   0.588948 
 PBE   0.588731 
 CNCK   0.588432 
 WB   0.588299 
 IPCXU   0.588263 
 XTKG.IX   0.588235 
 AGM-PF   0.588095 
 RES   0.588016 
 LNN.IX   0.587732 
 EDOG   0.587440 
 TCX.IX   0.587438 
 TRIB   0.587250 
 JIRE   0.587247 
 AAPW   0.587128 
 SMMV   0.587100 
 BILL.IX   0.587068 
 SRHR   0.587045 
 
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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