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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
 SATL   0.664133 
 NYXH   0.663921 
 ARRY   0.663876 
 FXN   0.663764 
 DLB   0.663578 
 DLB.IX   0.663578 
 MGRE   0.663327 
 BUYZ   0.663185 
 PID.IX   0.663132 
 SLRC   0.663110 
 DRUG   0.662867 
 WSHP.IX   0.662585 
 RUM.IX   0.662530 
 SLRC.IX   0.662042 
 AAPB   0.661994 
 FXN.IX   0.661870 
 ELBM   0.661830 
 BAH.IX   0.661592 
 GLDI.IX   0.661410 
 ZJK   0.660974 
 LAND   0.660928 
 AFJK   0.660895 
 CSPI   0.660206 
 SLVO.IX   0.659914 
 IXP   0.659869 
 
19701 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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