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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

  Period, days
 MSFT   1.000000 
 MSFT.IX   0.998133 
 VRSN   0.966907 
 VRSN.IX   0.966574 
 SNPS   0.963325 
 SNPS.IX   0.960941 
 BBH   0.954324 
 LSCC   0.952185 
 GAMR   0.949457 
 INTC   0.944378 
 SNE   0.941281 
 CRUS   0.939287 
 UTRN   0.939272 
 INTC.IX   0.938451 
 STX   0.938294 
 QMJ   0.937387 
 NVDA.IX   0.936820 
 NVDA   0.936699 
 STX.IX   0.936435 
 BAPR   0.936134 
 EXPD   0.936109 
 EXPD.IX   0.935466 
 NDSN   0.933502 
 NJAN   0.933492 
 TER   0.933010 
8678 rows returned

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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