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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
 RWK   -0.762318 
 GSHR   -0.762344 
 AVMA   -0.762370 
 AKO-B.IX   -0.762403 
 CGVV   -0.762510 
 SHRY   -0.762515 
 ET.IX   -0.762542 
 VIV   -0.762549 
 VTEB.IX   -0.762693 
 FDHY   -0.762759 
 TIMB   -0.762933 
 AGNCO   -0.762952 
 FBK   -0.763007 
 FBK.IX   -0.763116 
 GNK   -0.763159 
 KF   -0.763225 
 FLJP   -0.763249 
 SPXD   -0.763253 
 IBIE   -0.763362 
 NMT   -0.763409 
 GFR.IX   -0.763415 
 GNRC   -0.763425 
 GNRC.IX   -0.763425 
 JHMD   -0.763431 
 DY   -0.763637 
 
17119 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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