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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
 CPTAL   -0.761495 
 SPXU   -0.760937 
 TLRD   -0.760638 
 PTIN   -0.760361 
 SPXS   -0.759481 
 INGN   -0.759265 
 PSV   -0.758611 
 BHLB   -0.756635 
 AEMD   -0.754480 
 SDS   -0.752594 
 SDS.IX   -0.751341 
 CPTA   -0.751293 
 NRGZ   -0.751029 
 WEC.IX   -0.750458 
 WEC   -0.750208 
 JFIN   -0.749902 
 KPTI   -0.749581 
 HDGE   -0.749427 
 LAKE   -0.749329 
 AIRI   -0.748964 
 MTSL   -0.748661 
 NUAG   -0.747485 
 RUHN   -0.747378 
 CSU   -0.747349 
 SH.IX   -0.747302 
 
8664 rows returned

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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