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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
 EJAN   0.052670 
 LXEO   0.052507 
 EDN   0.052458 
 NU   0.052443 
 REW   0.052357 
 DUKR   0.052223 
 SND.IX   0.052174 
 ERC   0.052016 
 THTA   0.051946 
 OPRA.IX   0.051802 
 RGEF.IX   0.051548 
 NEE-PS   0.051529 
 TXMD   0.051442 
 ZJAN   0.051425 
 NU.IX   0.051386 
 EWX   0.051156 
 NCT   0.051097 
 HDMV   0.051078 
 AGRZ   0.050758 
 DFSD   0.050637 
 MCD   0.050463 
 DXST.IX   0.050304 
 OPRA   0.050256 
 IFLO.IX   0.050208 
 ZNOV.IX   0.050174 
 
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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