Stock Correlation Matrix Calculator
Use the Stock Correlation Matrix Calculator to compute the
correlation coefficients using closing prices for up to five stocks, exchange-traded funds (ETFs) and mutual funds listed on a major U.S. stock exchange and supported by Alpha Vantage. Indexes are not supported.
Simply enter any stock symbols and select the correlation basis and date information. Then click on the Calculate Correlation button and the correlation matrix will be displayed below.
The value of a correlation coefficient is between -1 and 1, where 0 represents no correlation between the two symbols, 1 represents perfect positive correlation (prices for both symbols move in the same direction) and -1 represents a perfect negative correlation (prices for both symbols move in opposite directions).
Simply enter any stock symbols and select the correlation basis and date information. Then click on the Calculate Correlation button and the correlation matrix will be displayed below.
The value of a correlation coefficient is between -1 and 1, where 0 represents no correlation between the two symbols, 1 represents perfect positive correlation (prices for both symbols move in the same direction) and -1 represents a perfect negative correlation (prices for both symbols move in opposite directions).
Correlation Matrix Results (MONTHLY Prices)
| Symbol | AAPL | MSFT | MU | NVDA | AMD |
|---|---|---|---|---|---|
| AAPL | 1.0000 | 0.9599 | 0.6610 | 0.8892 | 0.8416 |
| MSFT | 0.9599 | 1.0000 | 0.5186 | 0.8655 | 0.7508 |
| MU | 0.6610 | 0.5186 | 1.0000 | 0.7342 | 0.9369 |
| NVDA | 0.8892 | 0.8655 | 0.7342 | 1.0000 | 0.8348 |
| AMD | 0.8416 | 0.7508 | 0.9369 | 0.8348 | 1.0000 |
All closing prices are adjusted for splits and dividends.
If the stocks have unequal number of prices, computations are based on the fewest number of overlapping prices (121 periods analyzed).