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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
 ROAD.IX   0.971169 
 ROAD   0.971168 
 IQQQ   0.971050 
 NULG   0.971040 
 EOS   0.971006 
 OSIS.IX   0.970971 
 OSIS   0.970906 
 EXAS.IX   0.970890 
 EXAS   0.970890 
 EME   0.970846 
 EME.IX   0.970846 
 BAI   0.970624 
 HEAL   0.970554 
 ETG   0.970479 
 RSHO   0.970445 
 SXQG   0.970352 
 LRGE   0.970276 
 BKWO   0.970215 
 PPA   0.970164 
 CIEN.IX   0.970148 
 GTES.IX   0.970140 
 GTES   0.970140 
 CIEN   0.970119 
 SPAM   0.969955 
 FTDR   0.969932 
 
16070 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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