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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
 EWM.IX   0.523652 
 LIAY   0.523040 
 INVE   0.522791 
 MAN   0.522544 
 MAN.IX   0.522494 
 IEV.IX   0.522493 
 RETL   0.522314 
 BLV   0.522199 
 ASPN.IX   0.522134 
 TCBS   0.521868 
 KRG   0.521864 
 NFE.IX   0.521707 
 NFE   0.521683 
 SIG.IX   0.521450 
 BFS-PD   0.521387 
 WVE.IX   0.521189 
 TVGNW   0.521048 
 SIG   0.520980 
 CZFS.IX   0.520846 
 DCI   0.520784 
 DCI.IX   0.520784 
 CCD   0.520771 
 KRP.IX   0.520682 
 PRGO.IX   0.520543 
 PRGO   0.520527 
 
16096 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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