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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   0.999906 
 MSFY   0.997260 
 MSFL   0.988063 
 MSFU   0.985296 
 MSFX   0.985018 
 MSFO   0.978618 
 TT   0.946241 
 TT.IX   0.946241 
 CYBR.IX   0.945353 
 CYBR   0.945287 
 CPNS   0.938700 
 FNGS   0.934740 
 SPXC   0.933151 
 SPXC.IX   0.933151 
 IBKR   0.932299 
 IBKR.IX   0.932279 
 QBIG   0.927952 
 FFOG   0.927929 
 GOOP   0.924632 
 CPNQ   0.924275 
 TCHP   0.923960 
 FNGO   0.923067 
 GOOGL   0.922392 
 CPSD   0.921990 
 
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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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