|
|
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 | Correlation |
| |
0.374700 |
| |
0.374684 |
| |
0.374636 |
| |
0.374629 |
| |
0.374543 |
| |
0.374500 |
| |
0.374491 |
| |
0.374481 |
| |
0.374467 |
| |
0.374348 |
| |
0.374267 |
| |
0.374161 |
| |
0.374135 |
| |
0.374129 |
| |
0.374107 |
| |
0.374022 |
| |
0.373939 |
| |
0.373939 |
| |
0.373840 |
| |
0.373826 |
| |
0.373680 |
| |
0.373669 |
| |
0.373601 |
| |
0.373596 |
| |
0.373573 |
|
|
|
|
|
 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.
|
