B2Gold Corp. (BTG) — Stock Correlations & Overview
Over the past year, BTG has moved most closely with SGDM, AUMI, RING. Explore the stocks most correlated and inversely correlated with BTG below, along with its price, financials, and company profile.
Stocks correlated with BTG
Correlation of daily returns. Higher positive values move with BTG; negative values move opposite it. Informational only, not investment advice.
Most correlated with BTG
| Symbol | Company | Correlation |
|---|---|---|
| SGDM | Sprott Gold Miners ETF | 0.85 |
| AUMI | Themes Gold Miners ETF | 0.84 |
| RING | iShares MSCI Global Gold Miners ETF | 0.84 |
| GDX | VanEck Gold Miners ETF | 0.84 |
| NUGT | Direxion Daily Gold Miners Index Bull 2X ETF | 0.84 |
Most inversely correlated with BTG
| Symbol | Company | Correlation |
|---|---|---|
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.84 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.84 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.83 |
| DULL | MicroSectors Gold -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.73 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.73 |
Frequently asked questions about BTG correlations
- Which stocks are most correlated with BTG?
- Based on one year of daily returns, the stocks most correlated with B2Gold Corp. (BTG) are SGDM (0.85), AUMI (0.84) and RING (0.84). 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 BTG?
- Over the past year, the stocks most inversely correlated with B2Gold Corp. (BTG) are DUST (-0.84), GDXD (-0.84) and JDST (-0.83). 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 BTG correlations calculated?
- We compute the correlation of daily returns between BTG 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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