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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
 BSMV   -0.242311 
 BBJP.IX   -0.242341 
 GTO   -0.242348 
 XLP.IX   -0.242359 
 TSEM.IX   -0.242418 
 LLYVA.IX   -0.242438 
 TSEM   -0.242439 
 SLS.IX   -0.242637 
 GNRC   -0.242643 
 KRNT.IX   -0.242694 
 GNRC.IX   -0.242852 
 BRKR   -0.242854 
 BRKR.IX   -0.243043 
 CGHY.IX   -0.243172 
 JHAI   -0.243191 
 ELPW.IX   -0.243424 
 VMSB   -0.243433 
 EEMV   -0.243524 
 SLS   -0.243550 
 CGMS   -0.243796 
 INOV   -0.243992 
 DYAI   -0.244074 
 KFRC   -0.244076 
 TSMY.IX   -0.244080 
 SMP   -0.244236 
 
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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