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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
 POL   -0.759945 
 SJT   -0.759851 
 CIFS   -0.759457 
 SGEN   -0.759390 
 DPW   -0.759122 
 OSG   -0.758290 
 GOLD.IX   -0.758025 
 NK   -0.757745 
 BCRX   -0.757665 
 EVSI   -0.757570 
 VBLT   -0.757038 
 SAND   -0.757008 
 HX   -0.756917 
 DYNT   -0.756462 
 HSTM   -0.756380 
 JRJC   -0.756279 
 ALPN   -0.755973 
 NIU   -0.755780 
 GOLD   -0.755745 
 NXTD   -0.755687 
 GPC.IX   -0.755455 
 GPC   -0.754945 
 TBLT   -0.754742 
 XIN   -0.753399 
 AUY   -0.753121 
 
8630 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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