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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
 GAA   -0.650787 
 NXG   -0.650960 
 TDS-PU   -0.651030 
 ASMF   -0.651224 
 MGMT   -0.651353 
 MFEM   -0.651354 
 SOUL   -0.651412 
 PTLO.IX   -0.651548 
 LMAT.IX   -0.651761 
 RNIN   -0.651872 
 NLY-PG   -0.651923 
 FEDM   -0.651940 
 NTRS   -0.651942 
 EIIA   -0.652001 
 THY   -0.652110 
 ERIC.IX   -0.652135 
 ATTR   -0.652223 
 BKYI   -0.652385 
 PTLO   -0.652411 
 VRT   -0.652631 
 LMAT   -0.652636 
 VRT.IX   -0.652646 
 ROMO   -0.652775 
 AVY   -0.652878 
 AVY.IX   -0.652878 
 
17111 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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