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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
 YTRA   -0.813591 
 ANIP   -0.810701 
 CCOI   -0.808614 
 GBIL   -0.807629 
 SHV   -0.806396 
 NI   -0.804092 
 NI.IX   -0.804035 
 CDZI   -0.803055 
 OXLC   -0.798791 
 SSTI   -0.798713 
 FLYT   -0.796545 
 SOXS   -0.795907 
 HKIB   -0.795091 
 CINF.IX   -0.794193 
 TAIL   -0.794115 
 CINF   -0.794055 
 FUT   -0.791535 
 RODI   -0.790684 
 MOHO   -0.790658 
 CCRC   -0.788132 
 NEBUU   -0.787570 
 METX   -0.785371 
 EURN   -0.785274 
 IDEX   -0.785157 
 ZAGG   -0.783926 
 
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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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