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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   0.999997 
 MSFL   0.997429 
 MSFY   0.997073 
 MSFX   0.996946 
 MSFU   0.996833 
 METV   0.977555 
 METV.IX   0.977555 
 MSFO   0.977528 
 FDCF   0.975069 
 BLOK.IX   0.971259 
 BLOK   0.971259 
 BNGE   0.968832 
 ARKD   0.968703 
 YMAX   0.967536 
 CRPT   0.966797 
 AIQ   0.966357 
 ODDS   0.963947 
 SPGM   0.963588 
 ARKF   0.963470 
 GAMR   0.963184 
 QDTE   0.962964 
 GLOF   0.962544 
 FDIF   0.962514 
 ULTY   0.962452 
 
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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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