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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   0.999646 
 TECL   0.963352 
 AMZN   0.961998 
 XLK   0.961140 
 AMZN.IX   0.961066 
 MRCY   0.959388 
 FLTW   0.958296 
 IXN   0.958257 
 VGT   0.957261 
 PTNQ   0.956418 
 ASG   0.956205 
 IGM   0.956114 
 IETC   0.955576 
 CAPE   0.955109 
 AAPL.IX   0.954907 
 QLD   0.954727 
 AAPL   0.954698 
 FTEC   0.954641 
 EWT   0.954318 
 TQQQ   0.953785 
 KOIN   0.951794 
 QQQ.IX   0.951788 
 QQQ   0.951747 
 RWLS   0.951041 
 
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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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