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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
 CPOP.IX   0.063911 
 AWF   0.063744 
 NAMSW   0.063649 
 CRBP.IX   0.063540 
 OKTG   0.063259 
 VRT.IX   0.062657 
 LKQ   0.062647 
 PSFF.IX   0.062456 
 BUFC.IX   0.061858 
 PWR   0.061692 
 GQQQ   0.061657 
 NEE-PW   0.061615 
 EDN   0.061447 
 CDT   0.060918 
 AIRJ.IX   0.060862 
 AVLC.IX   0.060821 
 GMAB.IX   0.060820 
 CYRX.IX   0.060797 
 AVLC   0.060740 
 PSFF   0.060497 
 DFSI.IX   0.060367 
 CRBP   0.060340 
 NEE-PS   0.060134 
 HCAI   0.060086 
 QQEW.IX   0.059961 
 
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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