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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
 YANG   -0.631840 
 BSCK   -0.628844 
 FXP   -0.628670 
 SPXT   -0.628495 
 YXI   -0.625980 
 BAF   -0.623536 
 DUG   -0.623052 
 YCL   -0.621899 
 EMTY   -0.621548 
 LMBS   -0.621158 
 BSCN   -0.619736 
 RFCI   -0.618841 
 BSCM   -0.616016 
 ACAD   -0.616002 
 DLA   -0.615915 
 BSCL   -0.613012 
 BTAL   -0.608253 
 TYD   -0.608123 
 WTMF   -0.605521 
 PLW   -0.603480 
 BLPH   -0.603389 
 MOM   -0.602377 
 FIXD   -0.601255 
 DUC   -0.601044 
 BAB   -0.600194 
 
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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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