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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
 MNDY   0.617540 
 CLCG   0.617519 
 TMCR.IX   0.617468 
 TCAF.IX   0.617442 
 RDAC   0.617378 
 USCA   0.617377 
 CDXS   0.617299 
 HCTI   0.617098 
 MLYS.IX   0.616960 
 CDXS.IX   0.616959 
 JVA   0.616631 
 SEVN.IX   0.616516 
 PBW.IX   0.616425 
 PVH.IX   0.616385 
 PVH   0.616375 
 MKTN.IX   0.616359 
 COCH   0.616201 
 REFR   0.616187 
 INAB   0.616108 
 HERO   0.616105 
 PROP   0.615960 
 AAPL.IX   0.615930 
 AAPL   0.615704 
 DNTH   0.615703 
 FFLS   0.615682 
 
19694 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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