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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
 XCUR   -0.558925 
 SCCB   -0.558648 
 UITB   -0.558336 
 AMT.IX   -0.558305 
 AMT   -0.557942 
 SPAB   -0.556683 
 DFBHW   -0.556663 
 JAGG   -0.554266 
 EVTC   -0.553391 
 GBAB   -0.551928 
 LACQW   -0.551775 
 GBF   -0.550950 
 LGC   -0.550889 
 SHY   -0.550808 
 BLV   -0.550739 
 SCHO   -0.550509 
 SCHZ   -0.550117 
 BFY   -0.549085 
 LTPZ   -0.548141 
 GVI   -0.547267 
 HLM-P   -0.546852 
 MLSS   -0.545679 
 EAGG   -0.544902 
 PZA   -0.543811 
 MYNDW   -0.543754 
 
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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