Stock Screener - US Stocks, Forex and ETFs Please enable JavaScript to view this page content properly  
     
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
 YXI   -0.845966 
 FCEL   -0.845897 
 OSTK   -0.845735 
 NIHD   -0.845568 
 TCMD   -0.845169 
 NH   -0.845074 
 SDPI   -0.844956 
 IGC   -0.844898 
 AMSC   -0.844820 
 PTE   -0.844801 
 COCP   -0.844036 
 SIJ   -0.843878 
 LACK   -0.843776 
 COOP   -0.843556 
 RTW   -0.843145 
 SSNT   -0.841091 
 APOPW   -0.840713 
 AVAV   -0.840343 
 ELJ   -0.839372 
 TRK   -0.838902 
 BRPAW   -0.838774 
 BCOM   -0.838749 
 BITA   -0.838247 
 BZF   -0.837680 
 FXP   -0.836338 
 
8608 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.



Disclaimer - Privacy Policy - Cookie Use Policy - FAQ - Contact Us
Copyright ©2008-2019 MarketInOut.com. All rights reserved.
Best viewed in