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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   0.911265 
 A.IX   0.911133 
 AA   0.868873 
 AA.IX   0.868873 
 AAA   0.788691 
 AAAU   0.854789 
 AAC   0.625368 
 AAC-UN   0.458625 
 AACG   -0.583045 
 AACI   0.868078 
 AACIU   -0.166002 
 AADI   0.787004 
 AADI.IX   0.787004 
 AADR   0.819659 
 AAIC   0.382762 
 AAIC-PB   0.782833 
 AAIC-PC   0.663273 
 AAIN   -0.246922 
 AAL   0.211549 
 AAL.IX   0.211549 
 AAM-PA   0.847542 
 AAM-PB   0.885498 
 AAMC   0.485765 
 AAME   -0.209207 
 AAN   0.878651 
 
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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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