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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
 ACCO   -0.308819 
 ACCO.IX   -0.308819 
 ACDC   0.529890 
 ACDC.IX   0.529890 
 ACEL   0.729091 
 ACEL.IX   0.729091 
 ACES   -0.644434 
 ACET   -0.702538 
 ACET.IX   -0.702538 
 ACGL   0.746534 
 ACGL.IX   0.746534 
 ACGLN   0.522792 
 ACGLO   0.131362 
 ACHC   -0.800539 
 ACHC.IX   -0.800539 
 ACHL   -0.024635 
 ACHR   0.171815 
 ACHR.IX   0.171815 
 ACHV   0.582165 
 ACI   0.006208 
 ACI.IX   0.006208 
 ACIC   -0.474780 
 ACIO   0.850485 
 ACIU   -0.509779 
 ACIW   0.621817 
 
15002 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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