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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   0.277737 
 A.IX   0.276330 
 AA   0.565313 
 AA.IX   0.565423 
 AAA   -0.402183 
 AAAU   0.530905 
 AAC   -0.360897 
 AACG   0.122971 
 AACI   -0.393076 
 AACIW   0.376438 
 AACT   -0.148214 
 AADI   0.240186 
 AADI.IX   0.240186 
 AADR   0.597669 
 AAIC   0.882677 
 AAIC-PB   -0.061678 
 AAIC-PC   -0.000500 
 AAIN   -0.046875 
 AAL   0.298507 
 AAL.IX   0.298664 
 AAM-PA   0.131959 
 AAM-PB   0.164865 
 AAMC   -0.054516 
 AAME   0.251461 
 AAN   -0.207846 
 
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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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