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Correlation
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.

Symbol
  Period, days
 
 SymbolCorrelation
 A   -0.184894 
 A.IX   -0.185206 
 AA   -0.692012 
 AA.IX   -0.692012 
 AAA   -0.650745 
 AAAU   0.793439 
 AAC   0.575069 
 AACG   -0.418464 
 AACI   0.092064 
 AACIU   0.155328 
 AADI   -0.391524 
 AADI.IX   -0.391642 
 AADR   -0.510358 
 AAIC   -0.638453 
 AAIC-PB   -0.525942 
 AAIC-PC   -0.686735 
 AAIN   -0.032688 
 AAL   -0.570272 
 AAL.IX   -0.570491 
 AAM-PA   -0.605551 
 AAM-PB   -0.591131 
 AAMC   0.029164 
 AAME   0.248594 
 AAN   -0.512183 
 AAN.IX   -0.513069 
 
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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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