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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
 AAON.IX   0.521198 
 AAP   0.788612 
 AAP.IX   0.788612 
 AAPB   -0.425149 
 AAPD   0.374678 
 AAPL   -0.360298 
 AAPL.IX   -0.360640 
 AAPU   -0.394746 
 AAPX   -0.413629 
 AAPY   -0.326393 
 AAT   0.204308 
 AAT.IX   0.204308 
 AAU   0.757688 
 AAXJ   0.600276 
 AAXJ.IX   0.600276 
 AB   0.468401 
 ABAT   -0.288591 
 ABBV   0.194894 
 ABBV.IX   0.198074 
 ABCB   0.091330 
 ABCB.IX   0.091330 
 ABCL   -0.668704 
 ABCL.IX   -0.668704 
 ABCS   0.741500 
 ABEO   0.083276 
 
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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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