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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
 BKD   -0.781110 
 DGICA.IX   -0.781240 
 MBWM   -0.781332 
 FRST.IX   -0.781479 
 CBNK.IX   -0.781644 
 HAYW.IX   -0.781665 
 FDM   -0.781674 
 WEYS   -0.781702 
 L.IX   -0.781709 
 L   -0.781709 
 CHMG   -0.781729 
 LEG.IX   -0.781987 
 BWNB   -0.782009 
 EVNT   -0.782086 
 IFRA   -0.782231 
 XLI.IX   -0.782274 
 XLI   -0.782275 
 ADC-PA   -0.782301 
 GSC.IX   -0.782325 
 PSCI.IX   -0.782342 
 IPAR   -0.782483 
 GSC   -0.782523 
 IPAR.IX   -0.782554 
 CTEF.IX   -0.782577 
 AIHS   -0.782600 
 
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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