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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
 DBJP   0.910523 
 AIRS   0.910513 
 SPQ   0.910507 
 ALKT.IX   0.910476 
 BPYPO   0.910467 
 OXLCP   0.910436 
 GEN.IX   0.910417 
 PAYC.IX   0.910403 
 CWBC   0.910402 
 AIRS.IX   0.910298 
 MOD.IX   0.910298 
 MOD   0.910291 
 INDB   0.910285 
 INDB.IX   0.910285 
 F   0.910279 
 BIRK   0.910213 
 ZGN   0.910167 
 ZGN.IX   0.910167 
 RODM   0.910160 
 EWBC.IX   0.910154 
 EIDO   0.910114 
 EIDO.IX   0.910114 
 EWBC   0.910067 
 BIRK.IX   0.910064 
 MRSK   0.910062 
 
16047 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. An imperfect correlation between two different stocks allows for more diversification and marginally lower risk.



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