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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
 SFL.IX   0.830160 
 AXIL   0.830042 
 LNZA   0.829972 
 EVEX.IX   0.829307 
 GTBP   0.828975 
 ANVS   0.828930 
 MSAI   0.828649 
 EVEX   0.828640 
 SLNG   0.827787 
 FATBP   0.827179 
 PRZO   0.827147 
 SLNG.IX   0.826155 
 STAI   0.825699 
 CATX.IX   0.825304 
 JHX   0.824828 
 LIPO   0.824826 
 JHX.IX   0.824741 
 CUPR.IX   0.822726 
 VMAR   0.822608 
 CUPR   0.822470 
 MST   0.821758 
 RUM.IX   0.821757 
 BITC   0.821694 
 RUM   0.821598 
 LVRO   0.821511 
 
16391 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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