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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

  Period, days
 ICMB   -0.746520 
 SMHI   -0.746513 
 YVR   -0.746084 
 SENS   -0.745894 
 CATS   -0.745340 
 PASS   -0.744879 
 ORAN   -0.743164 
 TK   -0.743154 
 SALT   -0.742765 
 WEAT   -0.742170 
 PATI   -0.741660 
 SH   -0.741094 
 CVV   -0.740375 
 TRNX   -0.739453 
 UTSI   -0.739242 
 IBTJ   -0.738518 
 RPLA-UN   -0.738322 
 EDZ   -0.737563 
 ELAN   -0.734586 
 SCC   -0.734311 
 SPDN   -0.733795 
 HRC   -0.732914 
 NEXT   -0.732668 
 CO   -0.732116 
 KDFI   -0.732070 
8665 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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