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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
 DXR   -0.891515 
 EVC   -0.889975 
 OMI   -0.889666 
 ASM   -0.889321 
 BMY.IX   -0.888529 
 DUG   -0.887849 
 KODK   -0.887515 
 SJB   -0.887490 
 BMY   -0.887437 
 SENS   -0.886491 
 SBOT   -0.885442 
 JPLS   -0.885028 
 AXGT   -0.883260 
 CELGZ   -0.882853 
 EMX   -0.882546 
 IGC   -0.882500 
 DPW   -0.882391 
 AMSC   -0.881683 
 FNGD   -0.881536 
 WKHS   -0.881306 
 IDXG   -0.880910 
 SSRM   -0.879751 
 FELP   -0.878988 
 GME   -0.878817 
 ELTK   -0.878493 
 
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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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