Barrick Mining Corporation (B) — Stock Correlations & Overview
Over the past year, B has moved most closely with RING, NUGT, GDX. Explore the stocks most correlated and inversely correlated with B below, along with its price, financials, and company profile.
Stocks correlated with B
Correlation of daily returns. Higher positive values move with B; negative values move opposite it. Informational only, not investment advice.
Most correlated with B
| Symbol | Company | Correlation |
|---|---|---|
| RING | iShares MSCI Global Gold Miners ETF | 0.92 |
| NUGT | Direxion Daily Gold Miners Index Bull 2X ETF | 0.91 |
| GDX | VanEck Gold Miners ETF | 0.91 |
| GDXU | MicroSectors Gold Miners 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.90 |
| SGDM | Sprott Gold Miners ETF | 0.90 |
Most inversely correlated with B
| Symbol | Company | Correlation |
|---|---|---|
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.90 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.89 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.87 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.76 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.76 |
Frequently asked questions about B correlations
- Which stocks are most correlated with B?
- Based on one year of daily returns, the stocks most correlated with Barrick Mining Corporation (B) are RING (0.92), NUGT (0.91) and GDX (0.91). 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 B?
- Over the past year, the stocks most inversely correlated with Barrick Mining Corporation (B) are DUST (-0.90), GDXD (-0.89) and JDST (-0.87). 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 B correlations calculated?
- We compute the correlation of daily returns between B 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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