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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
 FTCI.IX   0.650174 
 MSTU.IX   0.650110 
 IGM.IX   0.649869 
 RYET.IX   0.649865 
 TH.IX   0.649654 
 IEF   0.649635 
 GAME.IX   0.649532 
 NDAQ   0.649444 
 IEF.IX   0.649374 
 BCYC   0.649222 
 SAH   0.649150 
 JXG   0.649106 
 ANF.IX   0.649009 
 SAH.IX   0.649001 
 GXPT   0.648928 
 ANF   0.648795 
 YBMN   0.648755 
 MSTX.IX   0.648650 
 SNTI.IX   0.648646 
 ZSL.IX   0.648526 
 ENVX.IX   0.648335 
 WRLD   0.648328 
 CAN.IX   0.648169 
 KOD.IX   0.648009 
 AKBA.IX   0.647958 
 
17112 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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