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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
 IBEX   0.641082 
 WGRX   0.640945 
 BKLN.IX   0.640919 
 RDN   0.640876 
 RDN.IX   0.640876 
 NUTX   0.640857 
 CMTG   0.640626 
 EHLD   0.640532 
 XLFI   0.640516 
 BRSL   0.640123 
 BRSL.IX   0.640123 
 OMF.IX   0.640115 
 MWG   0.640098 
 XCH   0.640071 
 MSTW.IX   0.640002 
 NDAQ.IX   0.639987 
 LPBBW   0.639778 
 NOMA.IX   0.639678 
 PCSA   0.639538 
 LYRA   0.639269 
 JCTC   0.639034 
 ORBS.IX   0.638904 
 CAML   0.638530 
 SXTC.IX   0.638438 
 FPH   0.638397 
 
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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