Stock Screener - US Stocks, Forex and ETFs Please enable JavaScript to view this page content properly Log In | Sign Up
 
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   0.999772 
 VIG   0.913918 
 V   0.909009 
 V.IX   0.908539 
 NULG   0.895436 
 NXTG   0.891093 
 PSJ   0.890579 
 AIG   0.888442 
 AIG.IX   0.888317 
 IYW   0.883269 
 HXL   0.882059 
 MA.IX   0.881529 
 XLK   0.881272 
 FTLS   0.878805 
 FXL   0.878379 
 MA   0.877895 
 VSDA   0.877783 
 MGK   0.875604 
 SOCL   0.875267 
 FNY   0.875081 
 FDLO   0.874393 
 VGT   0.873869 
 FTEC   0.872818 
 FIVG   0.872809 
 
8681 rows returned
1
2
3
4
5
6
7
next

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.



Disclaimer - Privacy Policy - Cookie Use Policy - FAQ - Contact Us
Copyright ©2008-2019 MarketInOut.com. All rights reserved.
Best viewed in