Austin Gold Corp. (AUST) — Stock Correlations & Overview
Over the past year, AUST has moved most closely with GLTR, SLVR, LENS. Explore the stocks most correlated and inversely correlated with AUST below, along with its price, financials, and company profile.
Stocks correlated with AUST
Correlation of daily returns. Higher positive values move with AUST; negative values move opposite it. Informational only, not investment advice.
Most correlated with AUST
| Symbol | Company | Correlation |
|---|---|---|
| GLTR | abrdn Physical Precious Metals Basket Shares ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.66 |
| SLVR | Sprott Silver Miners & Physical Silver ETFBLANK CHECKS | 0.65 |
| LENS | Sarmaya Thematic ETF | 0.65 |
| SLJY | Amplify SILJ Junior Silver Miners Covered Call ETF | 0.65 |
| DBP | Invesco DB Precious Metals FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.64 |
Most inversely correlated with AUST
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.61 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.60 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.60 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.60 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.59 |
Frequently asked questions about AUST correlations
- Which stocks are most correlated with AUST?
- Based on one year of daily returns, the stocks most correlated with Austin Gold Corp. (AUST) are GLTR (0.66), SLVR (0.65) and LENS (0.65). 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 AUST?
- Over the past year, the stocks most inversely correlated with Austin Gold Corp. (AUST) are ZSL (-0.61), JDST (-0.60) and GDXD (-0.60). 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 AUST correlations calculated?
- We compute the correlation of daily returns between AUST 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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