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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
 BXG   -0.731247 
 SGBX   -0.729619 
 GNAF   -0.729251 
 VIRC   -0.728373 
 LPG   -0.727800 
 DSSI   -0.727722 
 LABD   -0.726729 
 SRACU   -0.726575 
 TAP   -0.726115 
 XEL.IX   -0.725813 
 OGCP   -0.725309 
 TAP.IX   -0.725106 
 JPLS   -0.724868 
 AVA   -0.724276 
 AEP.IX   -0.723935 
 XEL   -0.723028 
 AGR   -0.721970 
 SQNS   -0.721885 
 AEP   -0.721759 
 ERY   -0.721128 
 IMRN   -0.721105 
 DDG   -0.720591 
 APRN   -0.720397 
 EEV   -0.720293 
 WTMF   -0.719821 
 
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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