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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
 EFU   -0.584229 
 FXY   -0.582504 
 BSCO   -0.582461 
 DDG   -0.582091 
 AGZ   -0.580855 
 LDSF   -0.580728 
 GTO   -0.580401 
 IIGD   -0.577112 
 WRLSW   -0.576062 
 PWZ   -0.575392 
 MPV   -0.574389 
 BSCP   -0.573460 
 IHRT   -0.571567 
 MBG   -0.570951 
 SPTS   -0.569987 
 BKT   -0.568628 
 AMRK   -0.568516 
 KSM   -0.567071 
 FSFG   -0.565401 
 PFIG   -0.564610 
 CVR   -0.564195 
 AGGY   -0.563766 
 BTA   -0.560513 
 FBND   -0.559937 
 SLRX   -0.559548 
 
8681 rows returned

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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