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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
 SFYF   0.612940 
 LILA   0.612865 
 SAFX.IX   0.612823 
 UPSD   0.612701 
 AMZN   0.612472 
 DBO   0.612433 
 DCMT   0.612247 
 XBNB   0.612205 
 FVRR   0.612166 
 SPYU   0.612096 
 FDCF.IX   0.611740 
 GEN.IX   0.611379 
 LILA.IX   0.611232 
 FLY.IX   0.611192 
 AMZU.IX   0.611101 
 SYF-PA   0.611070 
 FLY   0.611021 
 NANR   0.610779 
 WCLD.IX   0.610754 
 REX   0.610684 
 DBO.IX   0.610550 
 CRTC.IX   0.610273 
 VIST.IX   0.610262 
 GEN   0.610074 
 WCLD   0.610063 
 
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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