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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
 PFM   0.064206 
 LXEO   0.063874 
 WMT.IX   0.063590 
 MFDX   0.063436 
 KYTX   0.063433 
 GEW   0.063422 
 OXLCP   0.063405 
 DDTO   0.063325 
 NAMSW   0.063164 
 WMT   0.062836 
 PWR   0.062717 
 NCT   0.062445 
 BUFC.IX   0.062228 
 CDT   0.061894 
 IFLO   0.061623 
 CIMN   0.061602 
 CFIT   0.061485 
 ELPC   0.061477 
 BSJW   0.061402 
 PWR.IX   0.061264 
 FSI   0.061256 
 GJR   0.060944 
 EZPW   0.060686 
 KYTX.IX   0.060574 
 EQLT   0.060249 
 
19760 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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