**Correlation coefficient** or mathematically speaking **auto-correlation** tells the strength of positive or negative relationship of the price movement between two instruments, this comparison is valid for Index-component, or stock-commodity for almost everything.

A positively high value of coefficient means stock tends to rise if the index goes up whereas a high negative value means stock loses value if index goes up, in either case, a near zero value means, there is not much relationship exist between the two instruments.

Below is the list of some commonly traded stocks Correlation coefficient;

**Relationship wrt NIFTY, timeframe=300s**

ASIANPAINT-EQ | 0.0906 | 30/05/2019 | 19/06/2019 |

AUROPHARMA-EQ | 0.0580 | 30/05/2019 | 19/06/2019 |

AXISBANK-EQ | 0.0796 | 30/05/2019 | 19/06/2019 |

BAJFINANCE-EQ | 0.3252 | 30/05/2019 | 19/06/2019 |

BANKNIFTY | 3.0738 | 30/05/2019 | 19/06/2019 |

BHARTIARTL-EQ | 0.0263 | 30/05/2019 | 19/06/2019 |

BIOCON-EQ | 0.0199 | 30/05/2019 | 19/06/2019 |

BPCL-EQ | 0.0359 | 30/05/2019 | 19/06/2019 |

DABUR-EQ | 0.0163 | 30/05/2019 | 19/06/2019 |

DRREDDY-EQ | 0.1857 | 30/05/2019 | 19/06/2019 |

GODREJCP-EQ | 0.0495 | 30/05/2019 | 19/06/2019 |

GRASIM-EQ | 0.0695 | 30/05/2019 | 19/06/2019 |

HCLTECH-EQ | 0.0761 | 30/05/2019 | 19/06/2019 |

HDFCBANK-EQ | 0.1588 | 30/05/2019 | 19/06/2019 |

HINDUNILVR-EQ | 0.1104 | 30/05/2019 | 19/06/2019 |

IBULHSGFIN-EQ | 0.1685 | 30/05/2019 | 19/06/2019 |

ICICIBANK-EQ | 0.0435 | 30/05/2019 | 19/06/2019 |

INDUSINDBK-EQ | 0.2849 | 30/05/2019 | 19/06/2019 |

INFY-EQ | 0.0340 | 30/05/2019 | 19/06/2019 |

JETAIRWAYS-EQ | 0.0082 | 30/05/2019 | 19/06/2019 |

JUBLFOOD-EQ | 0.1052 | 30/05/2019 | 19/06/2019 |

KOTAKBANK-EQ | 0.1469 | 30/05/2019 | 19/06/2019 |

LICHSGFIN-EQ | 0.0441 | 30/05/2019 | 19/06/2019 |

LT-EQ | 0.1035 | 30/05/2019 | 19/06/2019 |

LUPIN-EQ | 0.0571 | 30/05/2019 | 19/06/2019 |

M&M-EQ | 0.0614 | 30/05/2019 | 19/06/2019 |

NIFTY19JUNFUT | 0.8469 | 17/06/2019 | 19/06/2019 |

RELIANCE-EQ | 0.1472 | 30/05/2019 | 19/06/2019 |

SBIN-EQ | 0.0426 | 30/05/2019 | 19/06/2019 |

SRTRANSFIN-EQ | 0.1917 | 30/05/2019 | 19/06/2019 |

SUNPHARMA-EQ | 0.0330 | 30/05/2019 | 19/06/2019 |

TATASTEEL-EQ | 0.0492 | 30/05/2019 | 19/06/2019 |

TCS-EQ | 0.1588 | 30/05/2019 | 19/06/2019 |

TECHM-EQ | 0.0388 | 30/05/2019 | 19/06/2019 |

TITAN-EQ | 0.0957 | 30/05/2019 | 19/06/2019 |

UPL-EQ | 0.0607 | 30/05/2019 | 19/06/2019 |

WIPRO-EQ | 0.0072 | 30/05/2019 | 19/06/2019 |

YESBANK-EQ | 0.0274 | 30/05/2019 | 19/06/2019 |

ZEEL-EQ | 0.0431 | 30/05/2019 | 19/06/2019 |