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Correlation Calculator
Learning about stock correlation helps traders manage their portfolios more appropriately. Regardless of your trading strategy and whether you are looking to diversify your positions or find alternate stocks to leverage your view, it is very important to keep in mind the correlation between various stocks and their shifting trends.

  Period, days
 MSFD   -0.998686 
 FNGD.IX   -0.988722 
 FNGD   -0.988722 
 REW   -0.987567 
 TECS.IX   -0.986388 
 TECS   -0.986294 
 QID.IX   -0.986050 
 QID   -0.986028 
 PSQ.IX   -0.985931 
 PSQ   -0.985810 
 SQQQ.IX   -0.985519 
 SQQQ   -0.985509 
 SJIM   -0.984869 
 BERZ   -0.983592 
 AAPD   -0.974220 
 SPXU.IX   -0.972649 
 SPXS   -0.972607 
 SH   -0.972583 
 SPXU   -0.972509 
 SPXS.IX   -0.972495 
 SPDN   -0.972305 
 SH.IX   -0.972250 
 SDS.IX   -0.972007 
 SDS   -0.971961 
 SOXS   -0.971244 
15039 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. Imperfect correlation between two different stocks allows for more diversification and marginally lower risk.

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