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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   0.999849 
 XLK   0.987006 
 TECL   0.983431 
 IYW   0.983326 
 IETC   0.982247 
 VGT   0.981778 
 ROM   0.981315 
 FTEC   0.980680 
 IGM   0.977588 
 IOO   0.974298 
 BAX   0.973925 
 BAX.IX   0.973232 
 IXN   0.972295 
 PYPL   0.971998 
 PYPL.IX   0.971570 
 KOIN   0.969141 
 MA.IX   0.968812 
 ATEN   0.968808 
 MA   0.967914 
 QCOM   0.967912 
 QCOM.IX   0.967868 
 EC   0.967410 
 ZF   0.967314 
 ROP   0.967298 
 
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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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