Which stocks are most correlated with ELBM?

Based on one year of daily returns, the stocks most correlated with Electra Battery Materials Corporation Common Stock (ELBM) are NMG (0.62), STI (0.49) and LGO (0.49). 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 ELBM?

Over the past year, the stocks most inversely correlated with Electra Battery Materials Corporation Common Stock (ELBM) are TVRD (-0.60), RGTZ (-0.42) and QBTZ (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

Electra Battery Materials Corporation Common Stock (ELBM) — Stock Correlations & Overview

Over the past year, ELBM has moved most closely with NMG, STI, LGO. Explore the stocks most correlated and inversely correlated with ELBM below, along with its price, financials, and company profile.

Stocks correlated with ELBM

Correlation of daily returns. Higher positive values move with ELBM; negative values move opposite it. Informational only, not investment advice.

Most correlated with ELBM

Symbol	Company	Correlation
NMG	Nouveau Monde Graphite Inc.	0.62
STI	Solidion Technology, Inc. Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES	0.49
LGO	Largo Inc. Common Shares	0.49
GWH	ESS Tech, Inc.MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES	0.48
PXLW	Pixelworks IncSERVICES-PREPACKAGED SOFTWARE	0.47

Most inversely correlated with ELBM

Symbol	Company	Correlation
TVRD	Tvardi Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	-0.60
RGTZ	Defiance Daily Target 2x Short RGTI ETF	-0.42
QBTZ	Defiance Daily Target 2x Short QBTS ETF	-0.33
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.32
VIXM	ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS	-0.31

Frequently asked questions about ELBM correlations

Which stocks are most correlated with ELBM?: Based on one year of daily returns, the stocks most correlated with Electra Battery Materials Corporation Common Stock (ELBM) are NMG (0.62), STI (0.49) and LGO (0.49). 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 ELBM?: Over the past year, the stocks most inversely correlated with Electra Battery Materials Corporation Common Stock (ELBM) are TVRD (-0.60), RGTZ (-0.42) and QBTZ (-0.33). 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 ELBM correlations calculated?: We compute the correlation of daily returns between ELBM 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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