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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   0.999689 
 AMZN   0.970027 
 AMZN.IX   0.968938 
 ASG   0.965600 
 AOR   0.964018 
 TECL   0.963891 
 XLK   0.963424 
 PTNQ   0.962825 
 IXN   0.962253 
 KOIN   0.961709 
 AAPL.IX   0.961454 
 AAPL   0.961388 
 IETC   0.961041 
 QLD   0.960905 
 VGT   0.960882 
 CAPE   0.960591 
 IGM   0.959098 
 TQQQ   0.959013 
 QQQ   0.958580 
 QQQ.IX   0.958449 
 FTEC   0.957877 
 IOO   0.953772 
 ICHR   0.952952 
 CAE   0.952821 
 
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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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