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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
 ASR   -0.217549 
 AFRI   -0.217651 
 MDGL   -0.217888 
 IMKTA   -0.218126 
 RYZ   -0.218249 
 EQ.IX   -0.218374 
 GAINI   -0.218601 
 AGMB.IX   -0.218765 
 RSPM.IX   -0.218811 
 EQWL.IX   -0.218903 
 DIVB   -0.218929 
 XUDV   -0.219142 
 MDGL.IX   -0.219253 
 RYZ.IX   -0.219758 
 ALC   -0.219906 
 IMKTA.IX   -0.220089 
 NCV   -0.220138 
 KRBN.IX   -0.220372 
 STOK   -0.220411 
 CCIIW   -0.220436 
 VFC.IX   -0.220475 
 RDIV.IX   -0.220504 
 BTOT.IX   -0.220537 
 VERS.IX   -0.220847 
 KGS   -0.220883 
 
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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