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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
 MSFT   1.000000 
 MSFT.IX   0.999674 
 IGV   0.922437 
 TECH   0.917913 
 GOOG.IX   0.917189 
 GOOG   0.916967 
 FFTY   0.916520 
 ROM   0.914389 
 RWGV   0.913878 
 XLK   0.912657 
 AMOM   0.911669 
 GOOGL   0.911637 
 AAPL   0.911590 
 CRM   0.911144 
 CRM.IX   0.910947 
 AAPL.IX   0.910927 
 MSA   0.910234 
 ENTR   0.910177 
 IYW   0.910048 
 GOOGL.IX   0.909582 
 ADBE.IX   0.909089 
 ADBE   0.909047 
 IETC   0.909009 
 NOW   0.908853 
 NOW.IX   0.908643 
 
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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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