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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
 RDVT.IX   -0.207034 
 DEA   -0.207114 
 TMNL.IX   -0.207330 
 GENI.IX   -0.207397 
 PSNL   -0.207401 
 HYUP   -0.207783 
 FTQI   -0.207847 
 LSPD.IX   -0.208176 
 PSNL.IX   -0.208256 
 GTBP   -0.208370 
 EMF   -0.208524 
 STOK   -0.208677 
 RAAR   -0.208684 
 TRIN   -0.208785 
 BEAG.IX   -0.208992 
 GENI   -0.209020 
 ASR   -0.209100 
 JPM-PC   -0.209215 
 IMKTA   -0.209377 
 VTGN.IX   -0.209455 
 CWI.IX   -0.209547 
 XCCC.IX   -0.209952 
 FRWD   -0.209989 
 RSPM   -0.210432 
 NCV   -0.210519 
 
19772 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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