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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
 VIV.IX   -0.763985 
 DY   -0.763996 
 ETR.IX   -0.764005 
 FDMT.IX   -0.764014 
 POST   -0.764171 
 POST.IX   -0.764271 
 GECCO   -0.764302 
 FLJP   -0.764325 
 JHMD   -0.764399 
 ROL   -0.764437 
 ETR   -0.764452 
 CACC   -0.764524 
 ROL.IX   -0.764540 
 OPP-PB   -0.764551 
 SHY.IX   -0.764641 
 DYOR   -0.764664 
 JRS   -0.764713 
 BBJP   -0.764811 
 ZIG   -0.764847 
 BBJP.IX   -0.764893 
 DY.IX   -0.764916 
 PWR.IX   -0.764961 
 PWR   -0.764964 
 GOLD   -0.764982 
 WAL   -0.765101 
 
17118 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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