Which stocks are most correlated with ELVR?

Based on one year of daily returns, the stocks most correlated with Elevra Lithium Limited American Depository Shares (ELVR) are LITP (0.62), ION (0.54) and ILIT (0.54). 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 ELVR?

Over the past year, the stocks most inversely correlated with Elevra Lithium Limited American Depository Shares (ELVR) are JDST (-0.38), DUST (-0.38) and GDXD (-0.37). A negative correlation means the two stocks have tended to move in opposite directions.

Elevra Lithium Limited American Depository Shares (ELVR) — Stock Correlations & Overview

Over the past year, ELVR has moved most closely with LITP, ION, ILIT. Explore the stocks most correlated and inversely correlated with ELVR below, along with its price, financials, and company profile.

Stocks correlated with ELVR

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

Most correlated with ELVR

Symbol	Company	Correlation
LITP	Sprott Lithium Miners ETF	0.62
ION	ProShares S&P Global Core Battery Metals ETF	0.54
ILIT	iShares Lithium Miners and Producers ETF	0.54
LIMI	Themes Lithium & Battery Metal Miners ETF	0.53
REMX	VanEck Rare Earth and Strategic Metals ETF	0.51

Most inversely correlated with ELVR

Symbol	Company	Correlation
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.38
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.38
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.37
ZSL	ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS	-0.37
GLL	ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS	-0.35

Frequently asked questions about ELVR correlations

Which stocks are most correlated with ELVR?: Based on one year of daily returns, the stocks most correlated with Elevra Lithium Limited American Depository Shares (ELVR) are LITP (0.62), ION (0.54) and ILIT (0.54). 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 ELVR?: Over the past year, the stocks most inversely correlated with Elevra Lithium Limited American Depository Shares (ELVR) are JDST (-0.38), DUST (-0.38) and GDXD (-0.37). 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 ELVR correlations calculated?: We compute the correlation of daily returns between ELVR 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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