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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
 SMN   -0.745231 
 SDS   -0.744843 
 SPDN   -0.739652 
 KMED   -0.739332 
 EPV   -0.738278 
 SDS.IX   -0.737565 
 CCM   -0.731487 
 LQDA   -0.731342 
 BORN   -0.725966 
 SH.IX   -0.725024 
 CIDM   -0.723319 
 SDR   -0.723176 
 SNOA   -0.719573 
 SDT   -0.719420 
 SH   -0.718455 
 OLEM   -0.717722 
 RMCF   -0.707943 
 EFZ   -0.706048 
 GAZ   -0.704052 
 UVXY   -0.703935 
 ZDGE   -0.703895 
 BVXV   -0.701226 
 VIIX   -0.700089 
 VIXY   -0.693796 
 TVIX   -0.689570 
 
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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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