China Natural Resources, Inc. (CHNR) — Stock Correlations & Overview
Over the past year, CHNR has moved most closely with ELBM, SVOL, FURY. Explore the stocks most correlated and inversely correlated with CHNR below, along with its price, financials, and company profile.
Stocks correlated with CHNR
Correlation of daily returns. Higher positive values move with CHNR; negative values move opposite it. Informational only, not investment advice.
Most correlated with CHNR
| Symbol | Company | Correlation |
|---|---|---|
| ELBM | Electra Battery Materials Corporation Common Stock | 0.41 |
| SVOL | Simplify Volatility Premium ETF | 0.30 |
| FURY | Fury Gold Mines Limited | 0.29 |
| XPL | Solitario Resources Corp.GOLD AND SILVER ORES | 0.29 |
| SER | Serina Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS | 0.28 |
Most inversely correlated with CHNR
| Symbol | Company | Correlation |
|---|---|---|
| TVRD | Tvardi Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.34 |
| TSMZ | Direxion Shares ETF Trust Direxion Daily TSM Bear 1X ETF | -0.26 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.25 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.24 |
| AVS | Direxion Shares ETF Trust Direxion Daily AVGO Bear 1X ETF | -0.24 |
Frequently asked questions about CHNR correlations
- Which stocks are most correlated with CHNR?
- Based on one year of daily returns, the stocks most correlated with China Natural Resources, Inc. (CHNR) are ELBM (0.41), SVOL (0.30) and FURY (0.29). 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 CHNR?
- Over the past year, the stocks most inversely correlated with China Natural Resources, Inc. (CHNR) are TVRD (-0.34), TSMZ (-0.26) and FNGD (-0.25). 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 CHNR correlations calculated?
- We compute the correlation of daily returns between CHNR 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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