Stock Return Correlation Last One Year

Calculates the correlation coefficient of returns between two stocks over the past year.

Examples

=StockReturnCorelationLastOneYear("MSFT","AAPL")

When to Use

  • Portfolio diversification analysis
  • Pairs trading research
  • Risk management

When NOT to Use

Scenario Use Instead
Single stock analysis Volatility functions
Beta to market Beta()

Common Issues & FAQ

Q: What does correlation mean? A: +1 = perfect positive, -1 = perfect negative, 0 = no correlation.

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MarketXLS Excel Add-in Tutorial - How to Use Stock Correlation and Other Financial Formulas
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