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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
 TOWN.IX   0.550764 
 NE   0.550757 
 PIN   0.550637 
 HUM.IX   0.550636 
 NBIS.IX   0.550351 
 NE.IX   0.550337 
 BKNG.IX   0.550159 
 KBH.IX   0.549896 
 SLN.IX   0.549875 
 CCEC.IX   0.549762 
 DBRG-PI   0.549477 
 CRCT   0.549455 
 FINW   0.549238 
 VSME   0.549152 
 BB.IX   0.549142 
 AAPX   0.549119 
 G   0.548855 
 TOWN   0.548508 
 TAC   0.548258 
 WVE   0.547558 
 SREA   0.547376 
 FFIC   0.547373 
 RXL   0.547290 
 JEQ   0.547239 
 OUSA   0.546988 
 
16091 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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