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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
 TECS   -0.895354 
 REW   -0.887045 
 SQQQ   -0.851566 
 SQQQ.IX   -0.848629 
 QID.IX   -0.846110 
 QID   -0.845574 
 SJB   -0.844502 
 PSQ   -0.833557 
 SPXS   -0.831983 
 SPXU   -0.829468 
 FAZ   -0.827699 
 SIJ   -0.826883 
 SMDD   -0.825471 
 MIDZ   -0.823091 
 SDS   -0.821622 
 SDS.IX   -0.819433 
 SKF   -0.818443 
 TVIX   -0.816949 
 MYY   -0.813889 
 MZZ   -0.812690 
 SH   -0.809981 
 SEF   -0.805946 
 SH.IX   -0.805436 
 SSG   -0.802910 
 SOXS   -0.802417 
 
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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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