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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
 MSFT   1.000000 
 MSFT.IX   0.999984 
 MSFU   0.992294 
 MSFY   0.990465 
 MSFX   0.975178 
 MSFO   0.882851 
 BCHP   0.770014 
 SEIQ   0.757292 
 HLAL   0.740434 
 ACSI   0.735904 
 LGRO   0.712353 
 GDDY   0.704454 
 GDDY.IX   0.704454 
 ORCL   0.704176 
 ORCL.IX   0.704048 
 PWFL   0.700191 
 PWFL.IX   0.700191 
 LCF   0.697463 
 AN   0.690373 
 AN.IX   0.690373 
 IQSU   0.680523 
 IYW.IX   0.676494 
 IYW   0.675749 
 FSV   0.675609 
 PNQI   0.669613 
 
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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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