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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
 AAUA.IX   -0.227050 
 SMOT   -0.227055 
 NAC   -0.227121 
 QVAL   -0.227784 
 CVIE.IX   -0.227815 
 AVSU   -0.228253 
 ZECP.IX   -0.228375 
 VICR.IX   -0.228392 
 FRDM.IX   -0.228434 
 CNCK.IX   -0.228468 
 ZECP   -0.228507 
 VICR   -0.228549 
 RWIN   -0.228969 
 ARMH   -0.229231 
 GEHC.IX   -0.229290 
 HFND   -0.229502 
 AIOT.IX   -0.229590 
 IAI   -0.229741 
 SMOT.IX   -0.229746 
 BLUX   -0.229814 
 GEHC   -0.230159 
 STRS   -0.230159 
 IOVA.IX   -0.230380 
 KRNT   -0.230387 
 BRES.IX   -0.230609 
 
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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