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Stock 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   0.999902 
 AZPN   0.911711 
 QTWO   0.891044 
 STZ   0.885812 
 STZ.IX   0.885363 
 LMHA   0.884351 
 ADBE.IX   0.883685 
 ADBE   0.883008 
 HON.IX   0.879873 
 HON   0.877917 
 VMW   0.871868 
 CSL   0.869504 
 SAP   0.866382 
 MANH   0.864629 
 WSO   0.861052 
 AMNB   0.860370 
 MMS   0.859699 
 APO   0.859629 
 CMCSA   0.858270 
 HEI   0.854289 
 CMCSA.IX   0.853063 
 RFIL   0.852998 
 WHLR   0.852132 
 AN   0.849869 
 
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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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