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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
 TBBK   -0.760809 
 TBBK.IX   -0.760809 
 CDC.IX   -0.760956 
 WSBK.IX   -0.761016 
 XLUI   -0.761213 
 SSD.IX   -0.761221 
 ICLO.IX   -0.761329 
 DNP   -0.761527 
 PCLO   -0.761581 
 PCYO   -0.761668 
 PGC   -0.761680 
 MOH.IX   -0.761695 
 EIX.IX   -0.761772 
 EIX   -0.761772 
 ITB.IX   -0.761795 
 MOH   -0.761834 
 SSD   -0.761935 
 GMMF.IX   -0.761935 
 BAX   -0.762019 
 AQWA   -0.762091 
 IGAC   -0.762183 
 AFBI.IX   -0.762312 
 LRCX.IX   -0.762434 
 DSCO   -0.762448 
 PGC.IX   -0.762475 
 
19726 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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