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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
 CHL   -0.689045 
 EYEG   -0.688811 
 CHEP   -0.687853 
 NEXT   -0.687353 
 LC   -0.685517 
 COTY   -0.684244 
 ATHE   -0.684224 
 STCN   -0.683751 
 COTY.IX   -0.683396 
 ELAN   -0.682700 
 ORTX   -0.682073 
 CWT   -0.681554 
 TAP   -0.681265 
 HLIT   -0.680958 
 TAP.IX   -0.680207 
 JPMF   -0.679769 
 WIMI   -0.679734 
 UTSI   -0.677910 
 CEA   -0.677512 
 PLX   -0.677326 
 CFRX   -0.674663 
 SPEX   -0.671902 
 BLV   -0.670724 
 ICD   -0.670491 
 CODI   -0.670388 
8653 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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