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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
 OXM   0.647263 
 OWL.IX   0.646871 
 OXM.IX   0.646729 
 COLD   0.646588 
 DCGO   0.646418 
 RINF   0.646077 
 NNVC   0.645821 
 TSI   0.645570 
 FYEE   0.645495 
 TDTT   0.645403 
 XXII   0.645140 
 AAPL.IX   0.644683 
 ELBM.IX   0.644616 
 TOYO.IX   0.644579 
 COLD.IX   0.644478 
 MARS   0.644457 
 BLGR.IX   0.644454 
 MSII   0.644436 
 SAFX   0.644173 
 ALLR   0.644126 
 BLGR   0.643808 
 NMFC   0.643774 
 ICON   0.643733 
 ULS.IX   0.643673 
 LAC.IX   0.643644 
 
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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