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asset correlation calculator
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Correlation calculator

Check diversification
Identify correlated assets
Chart historical relationships

Asset correlation calculator

Correlation is a statistical measure of association between two variables. Understanding correlations between portfolio assets is useful to evaluate or build a diversified portfolio. Portfolio Lab allows rapid exploration of asset correlations between ETFs, stocks and mutual funds.

Features

  • choice of monthly or daily returns correlations
  • color-coded portfolio correlation table
  • rolling correlations historical charts
  • time-weighted computation formula (exponentially weighted) which is superior to the equal-weight computation found in Excel and many other programs.