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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
 MIN   0.800984 
 ITB.IX   0.800938 
 VPL   0.800838 
 VPL.IX   0.800838 
 WTM   0.800825 
 SMAY   0.800761 
 SETM   0.800722 
 ISTR   0.800693 
 ISTR.IX   0.800693 
 MVRL   0.800682 
 DFIV   0.800661 
 REET   0.800633 
 REET.IX   0.800633 
 REFR   0.800555 
 REFR.IX   0.800555 
 IBHJ   0.800524 
 KMDA   0.800478 
 KMDA.IX   0.800478 
 IMMP.IX   0.800456 
 IMMP   0.800456 
 MITT.IX   0.800436 
 TVTX   0.800429 
 FDT   0.800399 
 TVTX.IX   0.800369 
 NVG   0.800354 
 
16055 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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