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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
 BNDS   -0.745674 
 IJJ.IX   -0.745714 
 TNC.IX   -0.745719 
 BSMR   -0.745861 
 TACN   -0.745875 
 UHT.IX   -0.745882 
 PNW.IX   -0.745883 
 LOKVW   -0.745890 
 FDTS   -0.745897 
 STZ   -0.745938 
 KFRC   -0.745951 
 ALTG.IX   -0.745968 
 FSBW.IX   -0.745987 
 STZ.IX   -0.746090 
 AFMC   -0.746093 
 NRP.IX   -0.746258 
 AIVL   -0.746666 
 NVT.IX   -0.746694 
 SHY.IX   -0.746726 
 ONBPP   -0.746742 
 DGX.IX   -0.746918 
 DGX   -0.746918 
 NPFI   -0.746924 
 SLYV.IX   -0.746972 
 FENI   -0.747048 
 
17117 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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