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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   0.999994 
 MSFL   0.996346 
 MSFY   0.995887 
 MSFX   0.995592 
 MSFU   0.995437 
 METV   0.967936 
 METV.IX   0.967936 
 BLOK.IX   0.965103 
 BLOK   0.965103 
 FDCF   0.963431 
 BNGE   0.960906 
 ARKD   0.956021 
 OND   0.954883 
 MSFO   0.953278 
 ODDS   0.953214 
 CRPT   0.951769 
 AIQ   0.951296 
 ARKF   0.950480 
 SATO   0.950170 
 ULTY   0.948937 
 YMAX   0.948604 
 ARKF.IX   0.948557 
 FDIF   0.947987 
 FDIG   0.947780 
 
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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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