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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
 CMCM   -0.449482 
 BNDS   -0.449566 
 AGYS.IX   -0.449674 
 SIFY.IX   -0.449686 
 PHYD   -0.449846 
 QEFA   -0.449853 
 FEM   -0.449999 
 UYG   -0.450115 
 SPIB   -0.450228 
 CLRB   -0.450260 
 PCMM   -0.450272 
 COPA   -0.450661 
 ANAB.IX   -0.450672 
 ANAB   -0.450730 
 FOUR-PA   -0.450834 
 SBND   -0.450878 
 BBN.IX   -0.450891 
 CMCL.IX   -0.450909 
 SJNK   -0.451196 
 HIDV   -0.451227 
 JPM-PJ   -0.451234 
 SAIL   -0.451245 
 PIFI   -0.451248 
 CMCL   -0.451321 
 MBSD   -0.451434 
 
16421 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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