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Correlation
Correlation Calculator
Correlation analysis helps identify the relationship between two or more companies, showing how they move about each other. It helps assess patterns, manage risk, and improve decision-making by revealing which assets correlate positively or negatively.

Symbol
  Period, days
 
 SymbolCorrelation
 MSFT   1.000000 
 MSFT.IX   0.999902 
 MSFY   0.997041 
 MSFL   0.989975 
 MSFX   0.987922 
 MSFU   0.987905 
 MSFO   0.975533 
 TT   0.947307 
 TT.IX   0.947307 
 CPNS   0.939104 
 IBKR.IX   0.939024 
 IBKR   0.938998 
 SPXC   0.935101 
 SPXC.IX   0.935101 
 FNGS   0.932545 
 CYBR.IX   0.927567 
 CYBR   0.927380 
 LRGG   0.926719 
 CPSD   0.925247 
 QBIG   0.924349 
 TOPT   0.923210 
 TCHP   0.922604 
 CPNQ   0.922091 
 FFOG   0.921186 
 CPNJ   0.920062 
 
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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. An imperfect correlation between two different stocks allows for more diversification and marginally lower risk.



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