Which stocks are most correlated with AG?

Based on one year of daily returns, the stocks most correlated with FIRST MAJESTIC SILVER CORP (AG) are SLVR (0.95), SILJ (0.94) and SLVP (0.93). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with AG?

Over the past year, the stocks most inversely correlated with FIRST MAJESTIC SILVER CORP (AG) are JDST (-0.89), GDXD (-0.87) and DUST (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.

FIRST MAJESTIC SILVER CORP (AG) — Stock Correlations & Overview

Over the past year, AG has moved most closely with SLVR, SILJ, SLVP. Explore the stocks most correlated and inversely correlated with AG below, along with its price, financials, and company profile.

Stocks correlated with AG

Correlation of daily returns. Higher positive values move with AG; negative values move opposite it. Informational only, not investment advice.

Most correlated with AG

Symbol	Company	Correlation
SLVR	Sprott Silver Miners & Physical Silver ETFBLANK CHECKS	0.95
SILJ	Amplify Junior Silver Miners ETF	0.94
SLVP	iShares MSCI Global Silver and Metals Miners ETF	0.93
SIL	Global X Silver Miners ETF (NEW)	0.93
AGMI	Themes Silver Miners ETF	0.92

Most inversely correlated with AG

Symbol	Company	Correlation
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.89
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.87
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.86
ZSL	ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS	-0.78
DULL	MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.74

Frequently asked questions about AG correlations

Which stocks are most correlated with AG?: Based on one year of daily returns, the stocks most correlated with FIRST MAJESTIC SILVER CORP (AG) are SLVR (0.95), SILJ (0.94) and SLVP (0.93). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with AG?: Over the past year, the stocks most inversely correlated with FIRST MAJESTIC SILVER CORP (AG) are JDST (-0.89), GDXD (-0.87) and DUST (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these AG correlations calculated?: We compute the correlation of daily returns between AG and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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