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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
 EXFY.IX   -0.777363 
 EQH   -0.777429 
 TRSY   -0.777429 
 CPAC.IX   -0.777605 
 AACIU   -0.777635 
 RF.IX   -0.777654 
 CRAC   -0.777730 
 RF   -0.777748 
 CFBK.IX   -0.777756 
 CZWI   -0.777871 
 OTLK   -0.777943 
 RSPF   -0.777951 
 AWK   -0.778204 
 RSPF.IX   -0.778446 
 AKTS.IX   -0.778638 
 CPAC   -0.778695 
 GCBC   -0.778758 
 CHMG.IX   -0.778865 
 CFBK   -0.778878 
 IQMM.IX   -0.778996 
 RFAM   -0.778998 
 ASTE.IX   -0.779094 
 XCBEU   -0.779138 
 EXFY   -0.779144 
 AKTS   -0.779145 
 
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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