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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
 FTEC   0.960654 
 FQAL   0.960138 
 ACN   0.960073 
 ACN.IX   0.959761 
 TGT   0.959722 
 PLDR   0.959518 
 QQH   0.958770 
 QQC   0.958574 
 TGT.IX   0.958507 
 FLRG   0.957845 
 SPMV   0.957682 
 INTU.IX   0.956917 
 INTU   0.956910 
 OEF   0.956479 
 IWFL   0.956311 
 QULL   0.956152 
 ORLY.IX   0.956042 
 SPUS   0.956027 
 ORLY   0.956003 
 FLLV   0.955722 
 XOUT   0.955504 
 QPT   0.955464 
 BR   0.955082 
 FTCS   0.955029 
 BR.IX   0.954974 
 
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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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