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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
 SUPX   0.642657 
 ANPA.IX   0.642565 
 HIPS.IX   0.642519 
 TCX.IX   0.642472 
 INVZ.IX   0.642433 
 CRTC   0.642322 
 GPRO.IX   0.641906 
 SORA   0.641606 
 LIDR   0.641226 
 BOX.IX   0.641048 
 AMZY.IX   0.640965 
 LAC.IX   0.640753 
 IDRV   0.640575 
 RGC   0.640539 
 EFOI   0.640528 
 GPRO   0.640481 
 IONL   0.640187 
 RGC.IX   0.640136 
 FDCF   0.640021 
 HMH.IX   0.639931 
 MARS   0.639927 
 BOX   0.639783 
 ZJUN   0.639776 
 CRANR   0.639670 
 IYZ.IX   0.639521 
 
19702 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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