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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
 HUMAW   0.617384 
 SM.IX   0.617295 
 SM   0.617235 
 AIRG.IX   0.616464 
 IQ   0.616430 
 MLYS   0.616371 
 NCRA   0.616236 
 UJUN   0.616225 
 SEED   0.616158 
 DBB.IX   0.616150 
 MGX   0.616086 
 KOPN.IX   0.615964 
 MLYS.IX   0.615740 
 IBIE.IX   0.615722 
 EARN.IX   0.615609 
 CYD.IX   0.615471 
 EIS   0.615345 
 FRHC   0.615317 
 SPRO   0.615171 
 BCO.IX   0.615024 
 AMZN.IX   0.615023 
 WCLD.IX   0.614955 
 KOPN   0.614923 
 FLY   0.614495 
 FLY.IX   0.614446 
 
19702 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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