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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
 RXD   -0.854355 
 FAZ   -0.849140 
 IMLP   -0.836220 
 SJB   -0.822663 
 PQSG   -0.809184 
 SDOW   -0.808539 
 TECS   -0.794357 
 DXD   -0.792852 
 MTFB   -0.784028 
 SKF   -0.783771 
 DOG   -0.774897 
 SPXS   -0.768183 
 REK   -0.765577 
 ONCE   -0.764004 
 SIZ   -0.761338 
 DPK   -0.760983 
 SEF   -0.760215 
 SPXU   -0.760211 
 PQSV   -0.758111 
 UQM   -0.757141 
 SIJ   -0.750262 
 SRS   -0.749019 
 AOIL   -0.747330 
 EROS   -0.745805 
 DRV   -0.745418 
 
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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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