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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.

  Period, days
 MSFT   1.000000 
 MSFT.IX   0.999823 
 SOCL   0.978455 
 PNQI   0.978388 
 ESPO   0.977753 
 GAMR   0.977074 
 ADBE.IX   0.975722 
 BUYZ   0.975405 
 ADBE   0.975017 
 NERD   0.974917 
 EMQQ   0.974697 
 AMZN   0.974334 
 AMZN.IX   0.974260 
 RWGV   0.973768 
 ARKW   0.973690 
 AAPL.IX   0.973488 
 AAPL   0.973147 
 OGIG   0.972701 
 IETC   0.972371 
 AADR   0.972090 
 XNTK   0.971575 
 IYW   0.971030 
 ARKF   0.970953 
 IGV   0.970777 
 THNQ   0.970278 
8680 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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