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Correlation
Correlation Calculator
Learning about stock correlation helps traders manage their portfolios more appropriately. Regardless of your trading strategy and whether you are looking to diversify your positions or find alternate stocks to leverage your view, it is very important to keep in mind the correlation between various stocks and their shifting trends.

Symbol
  Period, days
 
 SymbolCorrelation
 ONEQ   0.947916 
 CIBR.IX   0.947892 
 QQQE   0.947887 
 QDEC   0.947498 
 USML   0.947484 
 QMAR   0.947333 
 STLG   0.947223 
 IETC   0.947117 
 PSFD   0.946442 
 PFUT   0.946376 
 VGT.IX   0.945916 
 VGT   0.945887 
 ECOZ   0.945612 
 XLG   0.945245 
 WINN   0.945057 
 SEPZ   0.944816 
 NUGO   0.944812 
 HACK   0.944333 
 HAPY   0.944332 
 OCTZ   0.944197 
 USMV   0.944089 
 SMMV   0.943966 
 POCT   0.943954 
 SKYU   0.943858 
 FTEC   0.943735 
 
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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. Imperfect correlation between two different stocks allows for more diversification and marginally lower risk.



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