>
An investor can reduce portfolio risk only by holding instruments that are not perfectly correlated. In other words, investors can reduce their exposure to individual asset risk by holding a diversified portfolio of assets. Diversification will allow for the same portfolio return with reduced risk. This stock correlation screener helps you find relationships between any equity instruments and their respective price or return movements over time enabling you to manage your portfolio risk more effectively.

Specify up to 10 symbols:

 Use comma or space to separate symbols. Switch to World markets correlations | Portfolio equities correlations | Cryptocurrency correlations
Display as
Build Correlations

Correlation Matchups

High positive correlations

Insignificant Correlation

High negative correlations

Performance Indicators

Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
 2.02 (0.22)  0.00 (0.35)  0.00 (0.08)  0.00  3.43 (4.95)  13.94 
 1.95 (0.44)  0.00 (0.67)  0.00 (0.15)  0.00  3.67 (4.60)  15.77 
 1.18  0.17  0.10  0.29  1.59  0.12 (1.23)  2.28 (2.94)  8.05 
 1.21  0.23  0.14  0.33  1.57  0.13 (1.28)  2.15 (1.83)  15.13 
 1.02 (0.07)  0.00 (0.20)  0.00 (0.0339)  0.00  1.77 (2.28)  8.19 
 3.26  1.18  0.53  1.13  1.33  0.12 (4.01)  5.72 (3.04)  79.79 
 1.11 (0.21)  0.00 (0.49)  0.00 (0.12)  0.00  1.78 (2.71)  8.94 
 0.83 (0.21)  0.00 (0.41)  0.00 (0.16)  0.00  1.31 (1.96)  7.15 
 0.76  0.13  0.15  0.17  0.82  0.16 (0.80)  1.50 (1.66)  4.18 
 0.98  0.13  0.10  0.14  1.23  0.09 (1.11)  2.91 (2.28)  9.36 
 1.21  0.06  0.05  0.14  1.67  0.05 (1.27)  2.47 (3.29)  12.19 
 0.86  0.00  0.00 (0.04)  0.00  0.0005  0.00  1.37 (2.30)  6.56 
 0.64  0.01  0.04  0.00  1.07  0.05 (0.60)  1.35 (1.45)  5.43 
 0.94 (0.19)  0.00 (1.01)  0.00 (0.11)  0.00  1.60 (2.46)  8.52 
 1.10 (0.33)  0.00 (0.56)  0.00 (0.20)  0.00  1.43 (3.44)  8.89 


About correlation table

The correlation table is a two-dimensional matrix that shows the correlation coefficient between pairs of securities. The cells in the table are color-coded to highlight significantly positive and negative relationships. The Macroaxis Correlation Table is a table showing correlation coefficients between stocks, funds, ETFs, or cryptocurrencies. Each cell in the table shows the correlation between one pair of equities.

About correlation cloud

Correlation cloud is a flat representation of correlation coefficients between pairs of securities. The links in the cloud are color-coded to highlight significantly positive and negative relationships. The Macroaxis Correlation Cloud is a scaled text that shows correlation coefficients between stocks, funds, ETFs, or cryptocurrencies. Each text element in the cloud shows the correlation between one pair of equities.

To create correlation table or cloud specify valid comma-separated symbols and hit Build It button.

Please note, the New York Stock Exchange (NYSE) and American Stock Exchange (AMEX) have recently merged. Although Macroaxis has implemented solutions to handle this transition gracefully, you may still find some securities that may not be fully transferred from one exchange to another.