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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
 AGZD   0.839051 
 HSBC   0.839003 
 HSBC.IX   0.839003 
 KRMD   0.839001 
 KRMD.IX   0.839001 
 PODD.IX   0.839000 
 PODD   0.838937 
 RBKB   0.838861 
 AIYY   0.838854 
 PAG   0.838852 
 SANM.IX   0.838757 
 CBU   0.838695 
 CBU.IX   0.838695 
 WSFS.IX   0.838691 
 WSFS   0.838687 
 SHLS.IX   0.838533 
 KMI   0.838505 
 WTFCM   0.838497 
 WSBC   0.838494 
 WSBC.IX   0.838494 
 CIVB.IX   0.838439 
 CJMB   0.838403 
 DIVP   0.838380 
 SHLS   0.838263 
 FTHY   0.838242 
 
16036 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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