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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
 DGICA.IX   -0.776407 
 RGCO.IX   -0.776513 
 CPAC.IX   -0.776552 
 MGV.IX   -0.776614 
 MSDD   -0.776744 
 MGV   -0.776799 
 OXLCI   -0.776849 
 EVX   -0.776890 
 TMDV   -0.777163 
 BCAX   -0.777296 
 SOWG.IX   -0.777307 
 BCAX.IX   -0.777455 
 CFBK.IX   -0.777464 
 GCBC   -0.777487 
 BFC   -0.777489 
 ENTG.IX   -0.777526 
 DXPE.IX   -0.777569 
 ENTG   -0.777641 
 OTLK   -0.777701 
 ORCS   -0.777756 
 RSPF   -0.777845 
 FISI   -0.777891 
 VKI   -0.777934 
 ASTE.IX   -0.777972 
 CPAC   -0.778014 
 
19727 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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