Range Global Coal Index ETF (COAL) — Stock Correlations & Overview
Over the past year, COAL has moved most closely with HCC, CNR, AMR. Explore the stocks most correlated and inversely correlated with COAL below, along with its price, financials, and company profile.
Stocks correlated with COAL
Correlation of daily returns. Higher positive values move with COAL; negative values move opposite it. Informational only, not investment advice.
Most correlated with COAL
| Symbol | Company | Correlation |
|---|---|---|
| HCC | Warrior Met Coal, Inc.BITUMINOUS COAL & LIGNITE MINING | 0.76 |
| CNR | Core Natural Resources, Inc.BITUMINOUS COAL & LIGNITE MINING | 0.75 |
| AMR | Alpha Metallurgical Resources, Inc.BITUMINOUS COAL & LIGNITE SURFACE MINING | 0.75 |
| BTU | Peabody Energy CorporationBITUMINOUS COAL & LIGNITE SURFACE MINING | 0.75 |
| METC | Ramaco Resources, Inc. Class A Common StockBITUMINOUS COAL & LIGNITE MINING | 0.65 |
Most inversely correlated with COAL
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.31 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.31 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.30 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.29 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.29 |
Frequently asked questions about COAL correlations
- Which stocks are most correlated with COAL?
- Based on one year of daily returns, the stocks most correlated with Range Global Coal Index ETF (COAL) are HCC (0.76), CNR (0.75) and AMR (0.75). 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 COAL?
- Over the past year, the stocks most inversely correlated with Range Global Coal Index ETF (COAL) are DRIP (-0.31), ZSL (-0.31) and GLL (-0.30). 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 COAL correlations calculated?
- We compute the correlation of daily returns between COAL 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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