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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
 TSMY.IX   -0.247924 
 TJAN   -0.248112 
 LEN-B.IX   -0.248383 
 EBND.IX   -0.248447 
 BB.IX   -0.248487 
 EEMV.IX   -0.248558 
 SIZE.IX   -0.248599 
 GTO.IX   -0.248808 
 SARO.IX   -0.248838 
 CNXN   -0.248848 
 GTEK   -0.249011 
 INOV   -0.249241 
 KEEX   -0.249376 
 FSTA.IX   -0.249600 
 FDTX   -0.249663 
 RANGR   -0.249974 
 ZAUG.IX   -0.250535 
 BETZ   -0.250555 
 MYRG.IX   -0.250716 
 KNSL   -0.250721 
 SARO   -0.250771 
 NIHI   -0.250794 
 HCOW   -0.250800 
 VIG.IX   -0.250871 
 CGHY.IX   -0.250877 
 
19774 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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