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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   0.999839 
 RWGV   0.979262 
 IETC   0.978586 
 TECL   0.978258 
 ROM   0.977576 
 PLAT   0.976522 
 IGM   0.976076 
 IYW   0.975883 
 TQQQ   0.974565 
 QLD   0.974354 
 VGT   0.974077 
 XLK   0.974044 
 PTNQ   0.973341 
 QQH   0.972502 
 VONG   0.971958 
 FLGE   0.971742 
 FTEC   0.971690 
 QQQ.IX   0.971661 
 QQQ   0.971424 
 FBGX   0.971146 
 IWF   0.970506 
 FRLG   0.969248 
 MGK   0.968905 
 IWY   0.968272 
 
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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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