|
|
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 | Correlation |
| |
-0.362820 |
| |
-0.362861 |
| |
-0.363002 |
| |
-0.363019 |
| |
-0.363122 |
| |
-0.363128 |
| |
-0.363148 |
| |
-0.363180 |
| |
-0.363247 |
| |
-0.363271 |
| |
-0.363384 |
| |
-0.363538 |
| |
-0.363562 |
| |
-0.363567 |
| |
-0.363619 |
| |
-0.363745 |
| |
-0.363779 |
| |
-0.363915 |
| |
-0.364062 |
| |
-0.364162 |
| |
-0.364167 |
| |
-0.364208 |
| |
-0.364287 |
| |
-0.364317 |
| |
-0.364386 |
|
|
|
|
|
 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.
|
